MAGLO
ActiveMAGLO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124k and a net result of €-11k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 76% of 1885 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.0 against 2.44 in 2024), and 27.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
27 d late
2023
30 d late
2022
29 d late
2021
31 d late
2020
26 d late
2019
91 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€124k▼ 8.1%
2024 · €135k
2018: €110k
2019: €131k
2020: €115k
2021: €111k
2022: €143k
2023: €140k
2024: €135k
2018 → 2025
Total assets
€172k▼ 17.5%
2024 · €208k
2018: €201k
2019: €224k
2020: €193k
2021: €211k
2022: €219k
2023: €218k
2024: €208k
2018 → 2025
Net result
€-11k▼ 111%
2024 · €-5k
2018: €-11k
2019: €22k
2020: €-16k
2021: €-4k
2022: €32k
2023: €-3k
2024: €-5k
2018 → 2025
Working capital
€96k▼ 9.4%
2024 · €106k
2018: €70k
2019: €104k
2020: €97k
2021: €98k
2022: €133k
2023: €125k
2024: €106k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€111k-€143k▲ 29.3%€140k▼ 2.1%€135k▼ 3.7%€124k▼ 8.1%
Operating result€-4k-€32k€-1k€-9k▼ 737%€-10k▼ 5.1%
Net result€-4k-€32k€-3k€-5k▼ 70.5%€-11k▼ 111%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €9k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172k
Fixed assets
€28k▼ 3.4%
Current assets
€144k▼ 19.8%
Equity and liabilities €172k
Equity
€124k▼ 8.1%
Debt
€48k▼ 34.7%
The debt ratio falls from 35.3% to 27.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-3k▲
2024 · €-3k
Cash flow
€-4k▼
2024 · €1k
Solvency
72.1%▲
2024 · 64.7%
Current ratio
3.00▲
2024 · 2.44
Quick ratio
2.12▲
2024 · 1.94
Debt / equity
0.39▼
2024 · 0.55
ROE
-8.8%▼
2024 · -3.9%
ROA
-6.4%▼
2024 · -2.5%
Interest coverage
-4.75▲
2024 · -76.14
Debt
€48k▼
2024 · €74k
Debt ≤ 1 year
€48k▼
2024 · €74k
Income taxes
€810▲
2024 · €95
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€208k€172k▼
Fixed assets21/28€29k€28k▼
Tangible fixed assets22/27€29k€28k▼
Land and buildings22€8k€7k▼
Plant, machinery and equipment23€15k€16k▲
Furniture and vehicles24€5k€5k▼
Current assets29/58€180k€144k▼
Stocks and contracts in progress3€37k€42k▲
Stocks30/36€37k€42k▲
Amounts receivable within one year40/41€59k€56k▼
Trade receivables40€50k€44k▼
Other amounts receivable41€9k€13k▲
Cash at bank and in hand54/58€84k€46k▼
Equity and liabilities
Total equity and liabilities10/49€208k€172k▼
Equity10/15€135k€124k▼
Contributions10/11€19k€19k=
Reserves13€114k€114k=
Distributable reserves133€114k€114k=
Profit (loss) carried forward14€2k€-9k▼
Amounts payable17/49€74k€48k▼
Amounts payable within one year42/48€74k€48k▼
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€65k€43k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€1k€2k▲
Operating profit (loss)9901€-9k€-10k▼
Financial income75/76B€4k€327▼
Recurring financial income75€4k€327▼
Financial charges65/66B€42€537▲
Recurring financial charges65€42€537▲
Profit (loss) for the period before taxes9903€-5k€-10k▼
Income taxes67/77€95€810▲
Profit (loss) for the period9904€-5k€-11k▼
Profit (loss) for the period to be appropriated9905€-5k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-9k▼
Profit (loss) brought forward from the previous period14P€7k€2k▼
The notes to these accounts (5 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-16k ▼176%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Mechelen · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oude Baan 42800 MechelenGround area
3,493 m²
Building footprint
1,355 m²
Volume, LiDAR
7,692 m³
Parcel 12402A0108/00H000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAGLO
since 19882.040.914.147
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0108/00H000 | Flanders | 3,493 m² | 1 · 1,355 m² | 7.3 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,307 EUR awarded · 2,307 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,307 EUR | 2,307 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Similar companies · same sector, comparable size
IRK CONSTRUCT
BE 0679.643.762
Elsene · Eq €123k
Ateliers de Métallisation de la Senne
BE 0401.906.731
Anderlecht · Eq €125k
Desro
BE 0694.893.449
Wevelgem · Eq €125k
ALGEMENE METAALBOUW
BE 0457.453.879
Antwerpen · Eq €125k
TESSTEEL
BE 0770.701.919
Anderlues · Eq €123k
Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,639 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-1988
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.