MAGIFER
ActiveMAGIFER has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.17M and a net result of €-73k. Equity is growing by ~25.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 7629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
61
/ 100
Healthy▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-90
Solvency90▲+3
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 2.1 in 2024), but 54.7% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
45.3%
Return on assets
-2.8%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
14 d early
2023
23 d early
2022
11 d early
2021
16 d early
2020
18 d early
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€-73k
2024 · €166k
2018: €43k
2019: €21k
2020: €10k
2021: €11k
2022: €169k
2023: €196k
2024: €166k
2018 → 2025
Working capital
€1.17M▲ 32.9%
2024 · €879k
2018: €618k
2019: €701k
2020: €704k
2021: €525k
2022: €692k
2023: €819k
2024: €879k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€386k-€555k▲ 43.8%€751k▲ 35.4%€916k▲ 22.1%€1.17M▲ 27.5%
Operating result€29k-€237k▲ 714%€289k▲ 22.0%€248k▼ 14.1%€-35k
Net result€11k-€169k▲ 1,437%€196k▲ 16.0%€166k▼ 15.6%€-73k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €35k after €248k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.58M
Fixed assets
€577k▲ 23.4%
Current assets
€2.00M▲ 19.2%
Equity and liabilities €2.58M
Equity
€1.17M▲ 27.5%
Debt
€1.41M▲ 14.6%
The debt ratio falls from 57.3% to 54.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€116k▼
2024 · €378k
Cash flow
€79k▼
2024 · €295k
Solvency
45.3%▲
2024 · 42.7%
Current ratio
2.40▲
2024 · 2.10
Quick ratio
0.89▲
2024 · 0.38
Debt / equity
1.21▼
2024 · 1.34
ROE
-6.2%▼
2024 · 18.1%
ROA
-2.8%▼
2024 · 7.7%
Interest coverage
3.04▼
2024 · 16.88
Debt
€1.41M▲
2024 · €1.23M
Debt ≤ 1 year
€832k▲
2024 · €799k
Debt > 1 year
€577k▲
2024 · €430k
Income taxes
€679▼
2024 · €61k
Staff costs
€1.71M▲
2024 · €1.68M
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€2.15M€2.58M▲
Formation expenses20-€0
Fixed assets21/28€468k€577k▲
Intangible fixed assets21€10k€32k▲
Tangible fixed assets22/27€457k€545k▲
Land and buildings22€905€27k▲
Plant, machinery and equipment23€102k€103k▲
Furniture and vehicles24€69k€111k▲
Leasing and similar rights25€112k€161k▲
Other tangible fixed assets26€174k€142k▼
Financial fixed assets28€551€551=
Current assets29/58€1.68M€2.00M▲
Stocks and contracts in progress3€1.37M€1.26M▼
Stocks30/36€1.37M€1.26M▼
Amounts receivable within one year40/41€27k€424k▲
Trade receivables40€26k€115k▲
Other amounts receivable41€976€309k▲
Current investments50/53-€0
Cash at bank and in hand54/58€246k€262k▲
Deferred charges and accrued income490/1€34k€57k▲
Equity and liabilities
Total equity and liabilities10/49€2.15M€2.58M▲
Equity10/15€916k€1.17M▲
Contributions10/11€141k€191k▲
Reserves13€5k€10k▲
Non-distributable reserves130/1-€5k
Reserves not available under the articles1311-€5k
Tax-exempt reserves132€5k€5k=
Profit (loss) carried forward14€770k€968k▲
Provisions and deferred taxes16-€0
Deferred taxes168-€0
Amounts payable17/49€1.23M€1.41M▲
Amounts payable after more than one year17€430k€577k▲
Financial debts170/4€430k€577k▲
Amounts payable within one year42/48€799k€832k▲
Current portion of amounts payable after more than one year42€132k€183k▲
Financial debts43€25k€96k▲
Credit institutions430/8-€50k
Other loans439€25k€46k▲
Trade debts44€248k€188k▼
Suppliers440/4€248k€188k▼
Advances received on contracts in progress46€151k€139k▼
Taxes, remuneration and social security45€242k€225k▼
Taxes450/3€31k€55k▲
Remuneration and social security454/9€211k€169k▼
Other amounts payable47/48€930€0▼
Accrued charges and deferred income492/3€499€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.68M€1.71M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€152k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-443-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-2k
Other operating charges640/8€72k€43k▼
Non-recurring operating charges66A-€500
Gross operating margin9900€2.13M€1.87M▼
Operating profit (loss)9901€248k€-35k▼
Financial income75/76B€716€2k▲
Recurring financial income75€666€2k▲
Non-recurring financial income76B€50-
Financial charges65/66B€22k€38k▲
Recurring financial charges65€22k€38k▲
Profit (loss) for the period before taxes9903€226k€-72k▼
Income taxes67/77€61k€679▼
Profit (loss) for the period9904€166k€-73k▼
Profit (loss) for the period to be appropriated9905€166k€-73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€770k€968k▲
Profit (loss) brought forward from the previous period14P€604k€1.04M▲
Transfer to equity691/2-€0
Social balance
Average headcount (FTE)908733.234.2▲
The notes to these accounts (17 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-73k ▼144%
Net result drops to €-73k, the lowest in the series.
31-12
Financial
Equity above €1MEq €1.17M ▲27.5%
Equity rises from €916k to €1.17M.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €196k ▲16%
Operating result €289k, net result €196k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500kEq €555k ▲43.8%
5 profitable years in a row build equity to €555k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Walcourt · 1 establishment unit since 1992
Ground area
5,264 m²
Building footprint
567 m²
Parcel 93037B0055/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Thy-le-Bauduin(Lan) 20, 5651 Walcourt
since 19922.055.814.040
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93037B0055/00D000 | Wallonia | 5,264 m² | 1 · 567 m² | - |
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.
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Of 904 companies in sector 25120 we hold annual accounts for 673. 472 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-1991
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
43990Other specialised construction activities
43999Specialised construction activities
45250
22210Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.