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Complete company report
Generated 11-08-2026
Active BE 0794.601.531Private limited companyOpen bankruptcy

MAGMA GROUP

Beemdstraat 27 ·1601 Sint-Pieters-Leeuw, Belgium· 3 yrs active
Sector: Construction of buildings (41001)
Conclusion Checked

A bankruptcy procedure is open for MAGMA GROUP according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €38k and a net result of €5k.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €38k
Net result €5k
Staff (FTE) 0.9
Better than sector 50%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health21Profitability67Solvency71Growth52Stability0
42 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 21
Profitability 67
Solvency 71
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
50 / 100
High 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
· Open bankruptcy (+50)
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.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
21 / 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 with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 10-10-2025 with the NBB · fiscal year 2024 · micro
€0€10k€20k€30k€40kOperating result 2023: €35k€35kNet result 2023: €28k€28kOperating result 2024: €12k€12kNet result 2024: €5k€5k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 39.5% 39.4%
better than 50% of 3827 sector peers
Net result €5k €9k
better than 40% of 3824 sector peers
Equity €38k €29k
better than 59% of 3832 sector peers
Gross operating margin €62k €26k
better than 75% of 3822 sector peers
Staff costs €41k €16k
higher than 66% of 1125 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€18k
-51.6% 23-24
Net profit
€5k
-81.9% 23-24
Cash flow
€11k
-62.0% 23-24
Total assets
€96k
+36.8% 23-24
Equity
€38k
+15.3% 23-24
Working capital
€21k
-11.6% 23-24
Employees (FTE)
1
- 23-24
Staff costs
€41k
- 23-24
Income taxes
€5k
-35.3% 23-24
Debt
€58k
+55.7% 23-24
Debt ≤ 1y
€50k
+34.2% 23-24
Debt > 1y
€8k
- 23-24
Current ratio
1.42
-13.3% 23-24
Quick ratio
1.42
-13.3% 23-24
Solvency
39.5%
-15.7% 23-24
Debt / equity
1.53
+35.0% 23-24
ROE
13.3%
-84.3% 23-24
ROA
5.3%
-86.8% 23-24
Interest coverage
6.31
-95.7% 23-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€18k
Net profit€5k
Cash flow€11k
Staff costs€41k
Income taxes€5k
Dividends-
Total assets€96k
Equity€38k
Debt€58k
of which ≤ 1y€50k
of which > 1y€8k
Working capital€21k
Employees (FTE)0.9
Ratios (computed)
2024
Current ratio1.42
Quick ratio1.42
Working capital ratio22.0%
Solvency39.5%
Debt / equity1.53
Long-term debt ratio0.21
Interest coverage6.31
Gross margin-
Net margin-
ROA5.3%
ROE13.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€96k
Fixed assets 21/28€25k
Tangible fixed assets 22/27€25k
Current assets 29/58€72k
Amounts receivable within one year 40/41€59k
Cash & bank 54/58€12k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€96k
Equity 10/15€38k
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€33k
Amounts payable 17/49€58k
Amounts payable after one year 17€8k
Amounts payable within one year 42/48€50k
Trade debts payable within one year 44€16k
Income statement
Gross operating margin 9900€62k
Operating result 9901€12k
Financial income 75€868
Financial charges 65€3k
Result before taxes 9903€10k
Income taxes 67/77€5k
Net result for the period 9904€5k
Result to be appropriated 9905€5k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • EL KARMOUNI RABIE
    Director
    State Gazette act 25108458 (27-08-2025)
    Current
    27-08-2025 → present
Former directors (2)
  • BARIGHACH ABDERRAHIM
    Director
    State Gazette act 25029810 (04-03-2025)
    Former
    04-03-2025 → 27-08-2025
    2 events
    • 27-08-2025 Resigned· Director
    • 04-03-2025 Appointed· Director
  • IBRAGIMOV ANVAR
    Director
    State Gazette act 25029810 (04-03-2025)
    Former
    - → 04-03-2025
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 RUTGER BELSACK
MARKT 17, 1740 TERNAT-
 03-02-2026 → present Belgian State Gazette
Legal Structure
NACE primary Construction of buildings(41001)
Legal form Private limited company(610)
Incorporation09-12-2022
StatusActive
Postal code1601
First BS signal 09-02-2026
Latest BS signal 09-02-2026
Company structure, linked entities1 linked entities
MAGMA GROUPBE 0794.601.531RUTGER BELSACKReceiver
Mandates
Establishment units 1 location
MAGMA GROUP
Beemdstraat 27, 1601 Sint-Pieters-LeeuwAlgemene bouw van residentiële gebouwen
since 20222.339.645.839
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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23069A0395/00A002 Flanders 1,540 m² 1 · 6,251 m² 14.4 m · 2 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 5 events

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

2026
09-02-2026
Bankruptcy Opening
Ondernemingsrechtbank Brussel · MAGMA GROUP BV BEEMD- STRAAT 27, 1601- SINT-PIETERS-LEEUW · event 03-02-2026
2025
10-10-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
27-08-2025
State Gazette act Director changes
04-03-2025
State Gazette act Director changes
2024
07-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
Lifecycle & Insolvency Signals 1 events
09-02-2026
Bankruptcy Opening
Date: 03-02-2026 · Ondernemingsrechtbank Brussel · MAGMA GROUP BV BEEMD- STRAAT 27, 1601- SINT-PIETERS-LEEUW · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262026-02-09 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 11 months ago
2025
27-08-2025 1 director appointed, 1 resigning Director changes
  • EL KARMOUNI RABIE, Bestuurder
  • BARIGHACH ABDERRAHIM, Bestuurder
Technical details 
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  "act_meta": {
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04-03-2025 1 director appointed, 1 resigning Director changes
  • BARIGHACH ABDERRAHIM, Bestuurder
  • IBRAGIMOV ANVAR, Bestuurder
Technical details 
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  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-03-04",
    "filing_date": "2025-02-25",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
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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.

Coming soon
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
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Algemene bouw van kantoorgebouwen41002Algemene bouw van andere niet-residentiële gebouwen41003Algemene bouw van kantoorgebouwen41202Algemene bouw van andere niet-residentiële gebouwen41203Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Goederenvervoer over de weg49410Verhuisactiviteiten49420Reparatie en onderhoud van consumentenartikelen, neg95290
Primary activity highlighted.
Names & trade names
Legal nameNL MAGMA GROUP
Registered office
Beemdstraat 27
1601 Sint-Pieters-Leeuw, Belgium
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