Equity
MAGIL has made a profit without a break since 2018.
MAGIL has made a profit without a break since 2018.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 45.0% higher than in 2024.
Short-term debts fell from €24,488 to €6,689.
The 2024 accounts came latest: 53 days after the end of the period.
Higher solvency than 95% of companies in human health. Sector median 63.0% · 20,767 companies.
The dashed line is the sector median: < 0.1% across 24,192 companies (NACE 86, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 86, micro). It does better than 82% of them on solvency, 43% on liquidity, 49% on profitability and 68% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as MAGIL has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MAGIL itself is lower: < 0.1% within 12 months. It rests on far more data about MAGIL than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for MAGIL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 43.56 (10.4 in 2024), above the usual 1.5. Short-term debt is 2.3% and cash 11% of total assets. 2.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MAGIL Liège | €294,468 | €80,674 | 97.7% | - |
| NONUKA Asse | €286,815 | €76,426 | 92.9% | - |
| Laurens De Greef Londerzeel | €341,706 | €76,678 | 52.1% | - |
| DENTISTE ALLARD AUDREY Soumagne | €250,730 | €97,909 | 25.5% | - |
| A.M. SMILE Comblain-au-Pont | €304,518 | €79,619 | 96.9% | - |
| Cabinet Dentaire Pauline Collette Trooz | €214,652 | €91,449 | 9.5% | - |
| BLYDE tda Oudsbergen | €275,324 | €84,104 | 83.9% | - |
These companies have the same main activity as MAGIL: dental practice (NACE 86230). They are comparable in size and age: total assets between €215,000 and €342,000, founded between 2013 and 2018.
MAGIL files the micro format. That format states no turnover. The gross margin fell from €84,735 in 2017 to €80,674 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €140,000 and €230,000.
Higher than 95% of 20,767 companies in 2025.
Higher than 95% of 20,341 companies in 2025.
Higher than 47% of 20,623 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 1 person left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
294,468 | 256,899 | 213,881 | 170,549 | 115,965 | 67,045 | 124,996 | 169,282 | 165,364 | |
21/28 |
3,119 | 2,151 | 4,106 | 6,849 | 4,455 | 2,154 | 24,260 | 64,262 | 110,261 | |
21 |
- | - | - | - | - | - | 24,000 | 54,000 | 90,000 | |
22/27 |
3,119 | 2,151 | 3,846 | 6,589 | 4,195 | 1,894 | - | 10,002 | 20,001 | |
23 |
3,119 | 2,151 | 3,846 | 6,288 | 3,527 | 860 | - | 9,857 | 19,711 | |
24 |
- | - | - | 301 | 668 | 1,034 | - | 145 | 290 | |
28 |
- | - | 260 | 260 | 260 | 260 | 260 | 260 | 260 | |
29/58 |
291,350 | 254,748 | 209,775 | 163,700 | 111,510 | 64,891 | 100,736 | 105,020 | 55,103 | |
40/41 |
9,640 | 8,532 | - | - | - | 838 | 505 | - | - | |
40 |
- | - | - | - | - | 838 | 505 | - | - | |
41 |
9,640 | 8,532 | - | - | - | - | - | - | - | |
50/53 |
248,707 | 206,543 | 130,941 | 85,769 | 61,870 | - | - | - | - | |
54/58 |
32,423 | 39,450 | 78,402 | 77,480 | 49,284 | 63,706 | 99,895 | 105,020 | 55,103 | |
490/1 |
579 | 222 | 432 | 451 | 356 | 347 | 336 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
294,468 | 256,899 | 213,881 | 170,549 | 115,965 | 67,045 | 124,996 | 169,282 | 165,364 | |
10/15 |
287,779 | 232,410 | 189,181 | 131,878 | 89,874 | 56,806 | 35,027 | 31,631 | 12,733 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
13 |
269,179 | 213,810 | 170,581 | 113,278 | 71,274 | 38,206 | 16,427 | 13,031 | - | |
130/1 |
- | - | - | - | 1,010 | 1,010 | - | - | - | |
130 |
- | - | - | - | - | - | 1,010 | 1,010 | - | |
1311 |
- | - | - | - | 1,010 | 1,010 | - | - | - | |
133 |
269,179 | 213,810 | 170,581 | 113,278 | 70,264 | 37,196 | 15,417 | 12,021 | - | |
14 |
- | - | - | - | - | - | - | - | -5,867 | |
17/49 |
6,689 | 24,488 | 24,700 | 38,671 | 26,091 | 10,240 | 89,968 | 137,651 | 152,631 | |
42/48 |
6,689 | 24,488 | 24,700 | 38,671 | 26,091 | 10,240 | 89,968 | 137,651 | 152,631 | |
44 |
104 | 707 | 3,495 | 2,763 | 1,590 | 266 | 478 | 718 | 1,437 | |
440/4 |
104 | 707 | 3,495 | 2,763 | 1,590 | 266 | 478 | 718 | 1,437 | |
46 |
- | - | - | - | - | - | 1,000 | - | - | |
45 |
5,537 | 23,060 | 21,084 | 23,871 | 20,808 | 8,029 | 5,346 | 3,749 | 3,895 | |
450/3 |
5,537 | 23,060 | 18,737 | 21,693 | 16,966 | 6,506 | 3,670 | 2,038 | 2,386 | |
454/9 |
- | - | 2,347 | 2,178 | 3,842 | 1,523 | 1,676 | 1,711 | 1,508 | |
47/48 |
1,048 | 722 | 122 | 12,037 | 3,693 | 1,944 | 83,144 | 133,185 | 147,300 | |
| Income statement | ||||||||||
9900 |
80,674 | 77,185 | 107,243 | 79,993 | 66,460 | 68,074 | 57,817 | 87,466 | 84,735 | |
62 |
- | 11,059 | 17,574 | 16,536 | 14,259 | 11,380 | 11,971 | 13,167 | 10,408 | |
630 |
1,258 | 1,695 | 2,744 | 1,907 | 1,288 | 24,239 | 40,002 | 45,999 | 71,199 | |
640/8 |
864 | 840 | 826 | 476 | 754 | 776 | 770 | 767 | 985 | |
9901 |
78,551 | 63,591 | 86,099 | 61,074 | 50,159 | 31,679 | 5,073 | 27,533 | 2,143 | |
75/76B |
3,067 | 730 | 394 | 1,099 | - | - | - | 0 | 0 | |
75 |
3,067 | 730 | 394 | 1,099 | - | - | - | 0 | 0 | |
65/66B |
241 | 170 | 276 | 161 | 125 | 28 | 44 | 98 | 8,010 | |
65 |
241 | 170 | 276 | 161 | 125 | 28 | 44 | 98 | 8,010 | |
9903 |
81,378 | 64,151 | 86,217 | 62,013 | 50,034 | 31,652 | 5,029 | 27,436 | -5,867 | |
67/77 |
26,009 | 20,921 | 28,915 | 20,009 | 16,966 | 9,874 | 1,632 | 8,538 | - | |
9904 |
55,369 | 43,230 | 57,302 | 42,004 | 33,068 | 21,778 | 3,397 | 18,897 | -5,867 | |
9905 |
55,369 | 43,230 | 57,302 | 42,004 | 33,068 | 21,778 | 3,397 | 18,897 | -5,867 | |
| Appropriation of the result | ||||||||||
9906 |
55,369 | 43,230 | 57,302 | 42,004 | 33,068 | 21,778 | 3,397 | 13,031 | -5,867 | |
691/2 |
55,369 | 43,230 | 57,302 | 42,004 | 33,068 | 21,778 | 3,397 | 13,031 | - | |
6920 |
- | - | - | - | - | - | - | 1,010 | - | |
6921 |
55,369 | 43,230 | 57,302 | 42,004 | 33,068 | 21,778 | 3,397 | 12,021 | - | |
| Social balance sheet | ||||||||||
9087 |
- | 0.5 | 1 | 1 | 1 | - | 0.4 | 0.4 | 0.2 | |
Hours worked1013 |
- | 436 | 740 | 740 | 708 | - | 652 | 752 | 360 | |
| Document | ||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-07-2026 | 2026-00285628 | |
| 31-12-2024 | micro format | 22-09-2025 | 2025-00497830 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00398063 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00280029 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20264144 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-23400526 | |
| 31-12-2019 | micro format | 20-07-2020 | 2020-31900327 | |
| 31-12-2018 | micro format | 11-06-2019 | 2019-17500573 | |
| 31-12-2017 | micro format | 20-06-2018 | 2018-22300248 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 79,810 | 65,286 | 88,842 | 62,981 | 51,447 | 55,919 | 45,075 | 73,532 | 73,342 | ||
| 56,627 | 44,925 | 60,046 | 43,911 | 34,356 | 46,017 | 43,399 | 64,896 | 65,332 | ||
| 2,226 | -260 | 0 | 4,302 | 3,588 | 2,134 | 0 | 0 | 181,460 | ||
| -7,027 | -38,952 | 922 | 28,196 | -14,422 | -36,189 | -5,125 | 49,917 | - | ||
| 284,661 | 230,260 | 185,075 | 125,029 | 85,419 | 54,651 | 10,767 | -32,631 | -97,528 | ||
| 97.7% | 90.5% | 88.5% | 77.3% | 77.5% | 84.7% | 28.0% | 18.7% | 7.7% | ||
| 43.56 | 10.40 | 8.49 | 4.23 | 4.27 | 6.34 | 1.12 | 0.76 | 0.36 | ||
| 0.02 | 0.11 | 0.13 | 0.29 | 0.29 | 0.18 | 2.57 | 4.35 | 11.99 | ||
| 19.2% | 18.6% | 30.3% | 31.9% | 36.8% | 38.3% | 9.7% | 59.7% | -46.1% | ||
| 18.8% | 16.8% | 26.8% | 24.6% | 28.5% | 32.5% | 2.7% | 11.2% | -3.5% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | - | 1 | 1 | 1 |
| part-time | - | - | 1 | 1 | 1 |
| in full-time equivalents | - | - | 0.4 | 0.4 | 0.4 |
| - | 0.2 | 0.4 | 0.4 | 0.4 | |
| On a permanent contract | - | - | 1 | 1 | 1 |
| Joined | 0 | 0 | - | - | - |
| Left | 1 | 1 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,226 | - | - | €4,302 | €3,588 |
| €1,258 | €1,695 | €2,744 | €1,907 | €1,288 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 24% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 9.5% to 2.3%. Equity is higher and debt is lower.
MAGIL has no parent and no holdings in its annual accounts. GILLOT Anne is the only director. MAGIL shares no director with another company.
| FREQUENCE M.
registered office since 18-03-1988 · founded in 1988 |
1 FTE (2025) 0433.561.195 |
| ASSOCIATION POUR LA PROMOTION DES P.M.E
establishment since 24-03-1997 · founded in 1997 |
total assets €1.3m (2025) 0460.145.828 |
| MOTTARD, HUGE & LECLERCQ, Société Notariale
registered office since 05-02-2018 · founded in 2018 |
4.7 FTE (2025) 0689.773.532 |
| GILLAM
registered office since 05-04-1974 · founded in 1974 |
total assets €341,150 (2025) 0414.125.464 |
| BUREAU D'ARCHITECTURE COUSIN
establishment since 16-01-2009 · founded in 2009 |
total assets €225,789 (2025) 0809.233.287 |
| Hamma, Rachid (sole trader)
establishment since 15-04-2026 |
founded in 2026 0716.893.940 |
| ITSY
establishment since 13-05-2025 |
founded in 2025 1023.265.371 |
| J.J.J.
registered office since 20-06-1990 |
founded in 1990 0441.093.543 |
| LIEGE - IMMOBILIERE
registered office since 01-10-1989 |
founded in 1989 0438.911.142 |
| Gillot, Anne (sole trader)
establishment since 01-11-1985 |
founded in 1985 0813.042.617 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Boulevard d'Avroy 7C registered office 4000 Liège | ||
| - Boulevard d'Avroy 7, 4000 Liège | 28-02-2017 | 2.261.848.077 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62803A1351/00P000 | 510 m² | 1 · 338 m² | 38.0 m · 9 |
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