MAGIC VELOS
ActiveMAGIC VELOS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €15k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 66% of 17964 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +19 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+62
Solvency96▲+16
Growth37▲+2
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 1.67 in 2024), and 47.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.5%
Return on assets
15.3%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
2 d early
2023
7 d late
2021
43 d late
2020
47 d late
2019
31 d late
2018
20 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€138k▲ 36.1%
2024 · €102k
2018: €234k
2019: €324k
2020: €392k
2021: €267k
2023: €410k
2024: €102k
2018 → 2025
EBIT margin
16.9%▲ 15.2pp
2024 · 1.8%
2018: 6.6%
2019: 4.3%
2020: 1.7%
2021: 7.6%
2023: 5.1%
2024: 1.8%
2018 → 2025
Net result
€15k▲ 1,039%
2024 · €1k
2018: €15k
2019: €12k
2020: €6k
2021: €16k
2023: €20k
2024: €1k
2018 → 2025
Working capital
€48k▲ 48.5%
2024 · €32k
2018: €21k
2019: €8k
2020: €18k
2021: €25k
2023: €29k
2024: €32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Turnover€392k-€267k▼ 31.7%€410k▲ 53.2%€102k▼ 75.2%€138k▲ 36.1%
Equity€31k-€35k▲ 12.6%€35k▲ 0.9%€37k▲ 3.7%€52k▲ 41.2%
Operating result€7k-€20k▲ 198%€21k▲ 1.7%€2k▼ 91.2%€23k▲ 1,184%
Net result€6k-€16k▲ 154%€20k▲ 28.7%€1k▼ 93.5%€15k▲ 1,039%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,184% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99k
Fixed assets
€4k▼ 14.5%
Current assets
€95k▲ 17.4%
Equity and liabilities €99k
Equity
€52k▲ 41.2%
Debt
€47k▼ 3.5%
The debt ratio falls from 56.9% to 47.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€24k▲
2024 · €6k
Cash flow
€16k▲
2024 · €6k
Solvency
52.5%▲
2024 · 43.1%
Current ratio
2.03▲
2024 · 1.67
Quick ratio
1.87▲
2024 · 1.50
Debt / equity
0.90▼
2024 · 1.32
ROE
29.2%▲
2024 · 3.6%
ROA
15.3%▲
2024 · 1.6%
Interest coverage
377.33▲
2024 · 50.41
Debt
€47k▼
2024 · €48k
Debt ≤ 1 year
€47k▼
2024 · €48k
Income taxes
€8k▲
2024 · €381
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€85k€99k▲
Fixed assets21/28€4k€4k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€81k€95k▲
Stocks and contracts in progress3€8k€7k▼
Stocks30/36€8k€7k▼
Cash at bank and in hand54/58€73k€88k▲
Equity and liabilities
Total equity and liabilities10/49€85k€99k▲
Equity10/15€37k€52k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€17k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133-€15k
Profit (loss) carried forward14€16k€16k=
Amounts payable17/49€48k€47k▼
Amounts payable within one year42/48€48k€47k▼
Trade debts44€3k€19k▲
Suppliers440/4€3k€19k▲
Taxes, remuneration and social security45€4k€13k▲
Taxes450/3€4k€13k▲
Other amounts payable47/48€42k€15k▼
Income statement
Code20242025
Turnover70€102k€138k▲
Goods, raw materials, services and sundry goods60/61€93k€112k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€621▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€9k€26k▲
Operating profit (loss)9901€2k€23k▲
Financial income75/76B€1€1▼
Recurring financial income75€1€1▼
Financial charges65/66B€121€64▼
Recurring financial charges65€121€64▼
Profit (loss) for the period before taxes9903€2k€23k▲
Income taxes67/77€381€8k▲
Profit (loss) for the period9904€1k€15k▲
Profit (loss) for the period to be appropriated9905€1k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€31k▲
Profit (loss) brought forward from the previous period14P€15k€16k▲
Transfer to equity691/2-€15k
To other reserves6921-€15k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €1k ▼93.5%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
30-09
Financial
Highest result since 2018net €20k ▲28.7%
Net result €20k, the highest in the series.
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 43 days late
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 47 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 36 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2022
ASHOURLOU Majid
CurrentDirector · since 06-12-2022
MAJARI Fatemeh
CurrentDirector · since 06-12-2022
06-12-2022
ASHOURLOU Majid: Resigned as Manager
06-12-2022
ASHOURLOU Majid: Appointed as Director
06-12-2022
MAJARI Fatemeh: Resigned as Manager
06-12-2022
MAJARI Fatemeh: Appointed as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sainctelettesquare 61000 BrusselGround area
374 m²
Building footprint
440 m²
Volume, LiDAR
10,301 m³
Parcel 21812N1454/00W008, Brussels · tallest building 41.3 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
MAGIC VELOS
since 20082.173.845.323
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1454/00W008 | Brussels | 373 m² | 1 · 440 m² | 41.3 m · 11 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BISCOBIKE
BE 0763.313.883
Brakel · Eq €52k
SCHOL FACILITY SERVICES
BE 0736.431.423
Boutersem · Eq €52k
Frame by Biciklo
BE 0785.740.580
Antwerpen · Eq €51k
CastBikes
BE 0787.397.795
Ternat · Eq €53k
K-Bikes
BE 0808.672.469
Deinze · Eq €53k
Of 1,451 companies in sector 47632 we hold annual accounts for 720. 550 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-2004
Fiscal year end30-09
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
52492
52740
71406
77210Renting and leasing of sports and recreation goods
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.