MAGIK
InactiveMAGIK was declared bankrupt on 11-05-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 16-12-2025, published in the Belgian State Gazette on 22-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 28-10-2022, 89 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
89 d late
2019
74 d late
2018
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 75 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€18,594
2019 · -€894
Total assets
€100,299▲ 3,157%
2019 · €3,080
Net result
€18,217
2019 · -€10,236
Working capital
-€12,065▼ 1,249%
2019 · -€894
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192021
Operating result€1,771--€10,134€18,213-
Net result€1,142--€10,236€18,217-
Equity€5,942--€894€18,594-
Total assets€19,739-€3,080▼ 84.4%€100,299-
Debt€13,797-€3,974▼ 71.2%€81,705-
Working capital€5,942--€894-€12,065-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €18,213 in 2021, compared with -€10,134 in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
Assets €100,299
Fixed assets
€30,659
Current assets
€69,640
Equity and liabilities €100,299
Equity
€18,594
Debt
€81,705
Debt finances 81.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€21,025
Cash flow
€21,029
Current ratio
0.85
Debt to equity
4.39
ROE
98.0%
ROA
18.2%
Interest coverage
5127.93
Debt ≤ 1 year
€81,705▲
2019 · €3,974
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2,812 | - |
| Other operating charges640/8 | - | - | €448 | - |
| Gross operating margin9900 | €1,771 | -€10,134 | €21,472 | - |
| Operating profit (loss)9901 | €1,771 | -€10,134 | €18,213 | - |
| Financial income75/76B | - | - | €8 | - |
| Recurring financial income75 | - | €166 | €8 | - |
| Financial charges65/66B | - | - | €4 | - |
| Recurring financial charges65 | €514 | €268 | €4 | - |
| Profit (loss) for the period before taxes9903 | €1,257 | -€10,236 | €18,217 | - |
| Income taxes67/77 | €114 | - | - | - |
| Profit (loss) for the period9904 | €1,142 | -€10,236 | €18,217 | - |
| Profit (loss) for the period to be appropriated9905 | €1,142 | -€10,236 | €18,217 | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €19,739 | €3,080 | €100,299 | - |
| Fixed assets21/28 | - | - | €30,659 | - |
| Tangible fixed assets22/27 | - | - | €30,659 | - |
| Furniture and vehicles24 | - | - | €30,659 | - |
| Current assets29/58 | €19,739 | €3,080 | €69,640 | - |
| Stocks and contracts in progress3 | €4,000 | - | - | - |
| Amounts receivable within one year40/41 | €15,289 | €737 | €43,019 | - |
| Trade receivables40 | - | - | €40,000 | - |
| Other amounts receivable41 | - | - | €3,019 | - |
| Cash at bank and in hand54/58 | €450 | €2,343 | €26,621 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €19,739 | €3,080 | €100,299 | - |
| Equity10/15 | €5,942 | -€894 | €18,594 | - |
| Contributions10/11 | €15,200 | €18,600 | €18,600 | - |
| Reserves13 | €12,340 | €12,340 | €12,340 | - |
| Tax-exempt reserves132 | - | - | €12,325 | - |
| Distributable reserves133 | - | - | €15 | - |
| Profit (loss) carried forward14 | -€21,598 | -€31,834 | -€12,346 | - |
| Amounts payable17/49 | €13,797 | €3,974 | €81,705 | - |
| Amounts payable within one year42/48 | €13,797 | €3,974 | €81,705 | - |
| Trade debts44 | €4,585 | €1,742 | €71,299 | - |
| Suppliers440/4 | - | - | €71,299 | - |
| Taxes, remuneration and social security45 | - | - | €10,406 | - |
| Taxes450/3 | - | - | €2,406 | - |
| Remuneration and social security454/9 | - | - | €8,000 | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,142 | -€10,236 | €18,217 | - |
| + Depreciation and write-downs630 | - | - | €2,812 | - |
| Operating cash flow (approximation) | €1,142 | -€10,236 | €21,029 | - |
| Change in cash | - | €1,894 | - | - |
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
2025
22-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 16-12-2025
2023
17-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 11-05-2023
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
31-12
Financial
Back to profitnet €18,217
Net result €18,217 after one loss-making year.
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
31-12
Financial
Weakest financial yearnet -€10,236
Net result drops to -€10,236, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
28-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 28 days late
2012
26-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FEDERICO WUYTS POTVLIETLAAN 4, 2600 BERCHEM
(ANTWERPEN) |
11-05-2023 → 16-12-2025 |