MAGIE
ActiveThe file of MAGIE contains 3 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 3.9% (moderate). The 2025 annual accounts show negative equity (-€22,576) and a net result of -€17,221. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 31958 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-35
Solvency0▼-22
Growth32=
Track record60
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.73 in 2024; short-term debt: 117.2% and cash: 0.1% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-28%
Return on assets
-21.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€22,576
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
49 d late
2024
60 d late
2023
61 d late
2022
60 d late
2021
61 d late
2020
61 d late
2019
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 59 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€22,576▼ 322%
2024 · -€5,356
Total assets
€80,716▼ 50.5%
2024 · €163,047
Net result
-€17,221▼ 95.9%
2024 · -€8,790
Working capital
-€54,548▼ 35.0%
2024 · -€40,417
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,227€18,031▲ 60.6%€11,345▼ 37.1%€4,693▼ 58.6%-€9,872
Net result€7,754within the sector's middle half€2,301within the sector's middle half▼ 70.3%-€5,400below the sector's middle half-€8,790below the sector's middle half▼ 62.8%-€17,221below the sector's middle half▼ 95.9%
Equity€6,533below the sector's middle half€8,834below the sector's middle half▲ 35.2%€3,435below the sector's middle half▼ 61.1%-€5,356below the sector's middle half-€22,576below the sector's middle half▼ 322%
Total assets€77,287below the sector's middle half▼ 41.3%€102,860within the sector's middle half▲ 33.1%€156,747within the sector's middle half▲ 52.4%€163,047within the sector's middle half▲ 4.0%€80,716within the sector's middle half▼ 50.5%
Debt€70,754▼ 46.8%€94,026▲ 32.9%€153,313▲ 63.1%€168,402▲ 9.8%€103,292▼ 38.7%
Working capital-€8,077below the sector's middle half▲ 60.6%-€12,943below the sector's middle half▼ 60.2%-€29,040below the sector's middle half▼ 124%-€40,417below the sector's middle half▼ 39.2%-€54,548below the sector's middle half▼ 35.0%
Solvency8.5%below the sector's middle half▲ 9.4pp8.6%below the sector's middle half▲ 0.1pp2.2%below the sector's middle half▼ 6.4pp-3.3%below the sector's middle half▼ 5.5pp-28.0%below the sector's middle half▼ 24.7pp
Current ratio0.89below the sector's middle half▲ 0.040.84below the sector's middle half▼ 0.040.78below the sector's middle half▼ 0.060.73below the sector's middle half▼ 0.040.42below the sector's middle half▼ 0.31
Return on assets (ROA)10.0%within the sector's middle half▲ 22.9pp2.2%within the sector's middle half▼ 7.8pp-3.4%below the sector's middle half▼ 5.7pp-5.4%below the sector's middle half▼ 1.9pp-21.3%below the sector's middle half▼ 15.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9,872 after €4,693 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80,716
Fixed assets
€40,677 ▼ 20.2%
Current assets
€40,039 ▼ 64.3%
Key figures and ratios
EBITDA
€402▼
2024 · €14,658
Cash flow
-€6,947▼
2024 · €1,175
Debt to equity
-4.58▲
2024 · -31.44
Interest coverage
0.10▼
2024 · 2.87
Debt ≤ 1 year
€94,586▼
2024 · €152,513
Debt > 1 year
€8,705▼
2024 · €15,890
Income taxes
€3,169▼
2024 · €8,386
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,622 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,476 | €3,955 | €9,104 | €9,965 | €10,274 | ▲ 3.1% |
| Other operating charges640/8 | €1,835 | €3,086 | €7,977 | €2,856 | €2,595 | ▼ 9.1% |
| Non-recurring operating charges66A | €1,198 | - | - | - | - | - |
| Gross operating margin9900 | €17,735 | €25,072 | €28,426 | €17,514 | €2,997 | ▼ 82.9% |
| Operating profit (loss)9901 | €11,227 | €18,031 | €11,345 | €4,693 | -€9,872 | ▼ 310% |
| Financial income75/76B | €10 | €1 | €0 | €10 | - | - |
| Recurring financial income75 | €10 | €1 | €0 | €10 | - | - |
| Financial charges65/66B | €2,103 | €7,130 | €10,029 | €5,107 | €4,180 | ▼ 18.2% |
| Recurring financial charges65 | €2,103 | €7,130 | €10,029 | €5,107 | €4,180 | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €9,134 | €10,902 | €1,315 | -€404 | -€14,051 | ▼ 3,379% |
| Income taxes67/77 | €1,380 | €8,600 | €6,715 | €8,386 | €3,169 | ▼ 62.2% |
| Profit (loss) for the period9904 | €7,754 | €2,301 | -€5,400 | -€8,790 | -€17,221 | ▼ 95.9% |
| Profit (loss) for the period to be appropriated9905 | €7,754 | €2,301 | -€5,400 | -€8,790 | -€17,221 | ▼ 95.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77,287 | €102,860 | €156,747 | €163,047 | €80,716 | ▼ 50.5% |
| Fixed assets21/28 | €14,610 | €34,087 | €54,816 | €50,951 | €40,677 | ▼ 20.2% |
| Tangible fixed assets22/27 | €14,609 | €34,087 | €54,816 | €50,951 | €40,677 | ▼ 20.2% |
| Land and buildings22 | €3,239 | €8,443 | €7,250 | €11,855 | €10,052 | ▼ 15.2% |
| Plant, machinery and equipment23 | - | €16,053 | €14,378 | €12,703 | €11,028 | ▼ 13.2% |
| Furniture and vehicles24 | €11,370 | €9,591 | €33,188 | €26,392 | €19,597 | ▼ 25.7% |
| Financial fixed assets28 | €1 | - | - | - | - | - |
| Current assets29/58 | €62,676 | €68,772 | €101,931 | €112,096 | €40,039 | ▼ 64.3% |
| Amounts receivable within one year40/41 | €37,292 | €46,514 | €62,579 | €75,302 | €39,937 | ▼ 47.0% |
| Trade receivables40 | €37,292 | €46,514 | €62,579 | €75,302 | €39,937 | ▼ 47.0% |
| Cash at bank and in hand54/58 | €25,384 | €22,258 | €39,352 | €36,794 | €102 | ▼ 99.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77,287 | €102,860 | €156,747 | €163,047 | €80,716 | ▼ 50.5% |
| Equity10/15 | €6,533 | €8,834 | €3,435 | -€5,356 | -€22,576 | ▼ 322% |
| Contributions10/11 | €28,592 | €28,592 | €28,592 | €28,592 | €28,592 | = |
| Reserves13 | €2,859 | €2,859 | €2,859 | €2,859 | €2,859 | = |
| Non-distributable reserves130/1 | €2,859 | €2,859 | €2,859 | €2,859 | €2,859 | = |
| Reserves not available under the articles1311 | €2,859 | €2,859 | €2,859 | €2,859 | €2,859 | = |
| Profit (loss) carried forward14 | -€24,918 | -€22,617 | -€28,017 | -€36,807 | -€54,027 | ▼ 46.8% |
| Amounts payable17/49 | €70,754 | €94,026 | €153,313 | €168,402 | €103,292 | ▼ 38.7% |
| Amounts payable after more than one year17 | - | - | €22,342 | €15,890 | €8,705 | ▼ 45.2% |
| Financial debts170/4 | - | - | €22,342 | €15,890 | €8,705 | ▼ 45.2% |
| Amounts payable within one year42/48 | €70,754 | €81,716 | €130,971 | €152,513 | €94,586 | ▼ 38.0% |
| Current portion of amounts payable after more than one year42 | - | - | €5,795 | €6,452 | €7,184 | ▲ 11.3% |
| Financial debts43 | - | - | - | €11,118 | €11,992 | ▲ 7.9% |
| Credit institutions430/8 | - | - | - | €11,118 | €11,992 | ▲ 7.9% |
| Trade debts44 | €22,076 | €59,365 | €102,787 | €119,092 | €65,902 | ▼ 44.7% |
| Suppliers440/4 | €22,076 | €59,365 | €102,787 | €119,092 | €65,902 | ▼ 44.7% |
| Taxes, remuneration and social security45 | €35,041 | €17,565 | €22,389 | €13,965 | €9,094 | ▼ 34.9% |
| Taxes450/3 | €35,041 | €17,565 | €22,389 | €13,965 | €9,094 | ▼ 34.9% |
| Other amounts payable47/48 | €13,637 | €4,786 | - | €1,886 | €415 | ▼ 78.0% |
| Accrued charges and deferred income492/3 | - | €12,310 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,754 | €2,301 | -€5,400 | -€8,790 | -€17,221 | ▼ 95.9% |
| + Depreciation and write-downs630 | €3,476 | €3,955 | €9,104 | €9,965 | €10,274 | ▲ 3.1% |
| Operating cash flow (approximation) | €11,230 | €6,256 | €3,704 | €1,175 | -€6,947 | ▼ 691% |
| Investment in fixed assets (approximation) | - | -€23,432 | -€29,833 | -€6,100 | €0 | ▲ 100% |
| Change in cash | - | -€3,126 | €17,094 | -€2,558 | -€36,692 | ▼ 1,334% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 49 days late
2025
31-12
Financial
Weakest financial yearnet -€17,221
Net result drops to -€17,221, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Back to profitnet €7,754
Net result €7,754 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
18-10
Judicial reorganisation
Plan homologation
ondernemingsrechtbank Brussel · event 09-10-2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
19-08
Judicial reorganisation
Extension
Ondernemingsrechtbank Brussel · collective agreement · event 17-07-2019
Show earlier events
24-05
Judicial reorganisation
Opening
ondernemingsrechtbank Brussel · collective agreement · event 15-05-2019
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1996
Ground area
1,494 m²
Building footprint
1,006 m²
Volume, LiDAR
25,240 m³
2 parcels, Brussels, Flanders · tallest building 31.7 m, ±9 floors. Linked by address, not a title deed.
289
companies at this address
See who is registered here
1 establishment unit
Mostreystraat 10, 8420 De Haan
since 19962.076.184.931
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0456/00C000 | Brussels | 1,266 m² | 1 · 900 m² | 31.7 m · 9 fl. |
| 31038A0322/00Y002 | Flanders | 228 m² | 1 · 107 m² | 14.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,223 EUR awarded · 2,223 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,774 EUR | 1,774 EUR |
| 2024 | 1 | 449 EUR | 449 EUR |
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 12,291 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-03-1996
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457537617
Also
9925:BE0457537617
Registered
10-10-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.