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Generated 13-08-2026
Active BE 0716.714.885Private limited company (pre-2019)

MAGITEC SERVICES

· 7 yrs active
Sector: Sanitaire werkzaamheden (43221)
Conclusion Checked

The KBO register records legal situation 050 for MAGITEC SERVICES (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €141k and a net result of €-11k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €141k
Net result €-11k
Better than sector 85%
Active 7 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health10Profitability0Solvency100Growth52Stability0
32 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 10
Profitability 0
Solvency 100
Growth 52
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
23 / 100
Moderate riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· 2 historical bankruptcy publications (+20)
· 1 administrative flag (+3)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags 1 events
Address struck
Health barometer FY 2021 · computed
10 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 25-10-2022 with the NBB · fiscal year 2021 · micro
€-50k€0€50k€100kOperating result 2019: €60k€60kNet result 2019: €47k€47kOperating result 2020: €112k€112kNet result 2020: €86k€86kOperating result 2021: €5k€5kNet result 2021: €-11k€-11k201920202021
Operating resultNet result
Sector comparison
Fiscal year 2021 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 69.1% 36.4%
better than 85% of 3549 sector peers
Net result €-11k €11k
better than 7% of 3540 sector peers
Equity €141k €26k
better than 90% of 3552 sector peers
Gross operating margin €180k €31k
better than 93% of 3540 sector peers
Staff costs €158k €26k
higher than 92% of 1283 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€18k
-85.4% 19-21
Net profit
€-11k
- 19-21
Cash flow
€806
-99.2% 19-21
Total assets
€204k
-6.9% 19-21
Equity
€141k
-3.6% 19-21
Working capital
€131k
+5.4% 19-21
Employees (FTE)
3
- 19-21
Staff costs
€158k
+1028.5% 19-21
Income taxes
€25k
+105.9% 19-21
Debt
€63k
-13.6% 19-21
Debt ≤ 1y
€63k
-13.6% 19-21
Current ratio
3.08
+13.9% 19-21
Quick ratio
1.43
-47.2% 19-21
Solvency
69.1%
+3.6% 19-21
Debt / equity
0.45
-10.4% 19-21
ROE
-8.1%
- 19-21
ROA
-5.6%
- 19-21
Interest coverage
20.80
-97.7% 19-21
Figures by fiscal year
Fiscal year2021
Depositmicro
Revenue-
EBITDA€18k
Net profit€-11k
Cash flow€806
Staff costs€158k
Income taxes-
Dividends-
Total assets€204k
Equity€141k
Debt€63k
of which ≤ 1y€63k
of which > 1y-
Working capital€131k
Employees (FTE)-
Ratios (computed)
2021
Current ratio3.08
Quick ratio1.43
Working capital ratio64.3%
Solvency69.1%
Debt / equity0.45
Long-term debt ratio-
Interest coverage20.80
Gross margin-
Net margin-
ROA-5.6%
ROE-8.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€204k
Fixed assets 21/28€10k
Intangible fixed assets 21€1k
Tangible fixed assets 22/27€9k
Current assets 29/58€194k
Stocks & contracts in progress 3€104k
Amounts receivable within one year 40/41€72k
Cash & bank 54/58€18k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€204k
Equity 10/15€141k
Contributions / capital 10/11€19k
Reserves 13€122k
Amounts payable 17/49€63k
Amounts payable within one year 42/48€63k
Trade debts payable within one year 44€10k
Income statement
Gross operating margin 9900€180k
Operating result 9901€5k
Financial income 75€0
Financial charges 65€850
Result before taxes 9903€-11k
Net result for the period 9904€-11k
Result to be appropriated 9905€-11k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • Gaitamirov Beslan
    Director
    State Gazette act 22052046 (25-04-2022)
    Current
    15-01-2022 → present
Former directors (1)
  • Maghnouj Tarik
    Director
    State Gazette act 22052046 (25-04-2022)
    Former
    - → 15-01-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator DIETER VANOUTRIVE
DELAUNOYSTRAAT 58 BUS 14, 1080 BRUSSEL 8
 29-11-2022 → present Belgian State Gazette
Legal Structure
NACE primary Sanitaire werkzaamheden(43221)
Legal form Private limited company (pre-2019)(015)
Incorporation20-12-2018
StatusActive
Postal code-
First BS signal 05-12-2022
Latest BS signal 24-12-2025
Establishment units 1 location
MAGITEC SERVICES
Sanitaire werkzaamheden
since 20192.283.130.174
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21811M0779/00C000 Brussels 713 m² 1 · 544 m² 33.8 m · 10 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
24-12-2025
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · MAGITEC SERVICES BV VISVERKOPERSSTRAAT 13, 1000 BRUSSEL · event 16-12-2025
25-07-2025
KBO administration Address struck
2022
05-12-2022
Bankruptcy Opening
Ondernemingsrechtbank Brussel · MAGITEC SERVICES BV VISVERKOPERSSTRAAT 13, 1000 BRUSSEL · event 29-11-2022
25-10-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
25-04-2022
State Gazette act Director changes
14-04-2022
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
11-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
Lifecycle & Insolvency Signals 3 events
24-12-2025
Bankruptcy Bankruptcy closure (insufficient assets)
Date: 16-12-2025 · Ondernemingsrechtbank Brussel · MAGITEC SERVICES BV VISVERKOPERSSTRAAT 13, 1000 BRUSSEL · Publications in State Gazette ↗
25-07-2025
KBO administration Address struck
 · Publications in State Gazette ↗
05-12-2022
Bankruptcy Opening
Date: 29-11-2022 · Ondernemingsrechtbank Brussel · MAGITEC SERVICES BV VISVERKOPERSSTRAAT 13, 1000 BRUSSEL · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-12-05 · Bankruptcy · Opening2025-07-25 · KBO administration · Address struck2025-12-24 · Bankruptcy · Bankruptcy closure (insufficient assets)
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 4 years ago
2022
25-04-2022 1 director appointed, 1 resigning Director changes
  • Gaitamirov Beslan, Bestuurder
  • Maghnouj Tarik, Bestuurder
Technical details 
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  "notary": {
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    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2022-04-25",
    "filing_date": "2022-01-14",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
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      "body": "algemene_vergadering",
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      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0716.714.885",
    "name_full": "Magitec Services",
    "legal_form": "BV"
  },
  "publication_proxy": {
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    "org_kbo": null,
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  "co_filed_documents": [],
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}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Loodgieterswerk43221Sanitaire werkzaamheden43221Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Handelsbemiddeling in meubelen, huishoudelijke artikelen en ijzerwaren46150Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren46150Groothandel in sanitair46736Groothandel in sanitair46836
Primary activity highlighted.
Names & trade names
Legal nameNL MAGITEC SERVICES
Registration history
  1. 25-07-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative