MAGMA NATUURSTEEN
ActiveMAGMA NATUURSTEEN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.49M and a net result of €686k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 86% of 326 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+20
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 5.03 against 4.92 in 2023; short-term debt: 16.8% and cash: 19.1% of total assets), and 20% 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○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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
80%
Return on assets
36.9%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
20 d early
2022
153 d early
2021
33 d early
2020
11 d early
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.49M▲ 85.6%
2023 · €802k
2018: €399k
2019: €428k
2020: €515k
2021: €591k
2022: €707k
2023: €802k
2018 → 2024
Total assets
€1.86M▲ 72.8%
2023 · €1.08M
2018: €1.34M
2019: €1.23M
2020: €1.09M
2021: €999k
2022: €1.07M
2023: €1.08M
2018 → 2024
Net result
€686k▲ 625%
2023 · €95k
2018: €38k
2019: €30k
2020: €87k
2021: €76k
2022: €116k
2023: €95k
2018 → 2024
Working capital
€1.26M▲ 115%
2023 · €584k
2018: €-299k
2019: €188k
2020: €280k
2021: €414k
2022: €539k
2023: €584k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€515k-€591k▲ 14.8%€707k▲ 19.6%€802k▲ 13.4%€1.49M▲ 85.6%
Operating result€122k-€116k▼ 4.4%€163k▲ 40.1%€130k▼ 20.0%€1.00M▲ 669%
Net result€87k-€76k▼ 11.9%€116k▲ 51.9%€95k▼ 18.3%€686k▲ 625%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 669% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.86M
Fixed assets
€289k▼ 15.6%
Current assets
€1.57M▲ 114%
Equity and liabilities €1.86M
Equity
€1.49M▲ 85.6%
Debt
€371k▲ 35.3%
The debt ratio falls from 25.5% to 20.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.04M▲
2023 · €174k
Cash flow
€728k▲
2023 · €139k
Solvency
80.0%▲
2023 · 74.5%
Current ratio
5.03▲
2023 · 4.92
Quick ratio
5.03▲
2023 · 3.71
Debt / equity
0.25▼
2023 · 0.34
ROE
46.1%▲
2023 · 11.8%
ROA
36.9%▲
2023 · 8.8%
Interest coverage
154.85▲
2023 · 78.32
Debt
€371k▲
2023 · €274k
Debt ≤ 1 year
€312k▲
2023 · €149k
Debt > 1 year
€54k▼
2023 · €125k
Income taxes
€317k▲
2023 · €41k
Staff costs
€47k▼
2023 · €95k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.08M€1.86M▲
Fixed assets21/28€342k€289k▼
Tangible fixed assets22/27€342k€289k▼
Land and buildings22€200k€182k▼
Plant, machinery and equipment23€138k€104k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€733k€1.57M▲
Stocks and contracts in progress3€180k-
Stocks30/36€180k-
Amounts receivable within one year40/41€126k€595k▲
Trade receivables40€120k€218k▲
Other amounts receivable41€6k€377k▲
Current investments50/53€315k€600k▲
Cash at bank and in hand54/58€83k€356k▲
Deferred charges and accrued income490/1€30k€19k▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.86M▲
Equity10/15€802k€1.49M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€740k€1.43M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€14k€14k=
Distributable reserves133€719k€1.41M▲
Amounts payable17/49€274k€371k▲
Amounts payable after more than one year17€125k€54k▼
Financial debts170/4€125k€54k▼
Amounts payable within one year42/48€149k€312k▲
Current portion of amounts payable after more than one year42€71k€71k=
Trade debts44€62k€24k▼
Suppliers440/4€62k€24k▼
Taxes, remuneration and social security45€13k€90k▲
Taxes450/3€13k€90k▲
Remuneration and social security454/9€295-
Other amounts payable47/48€3k€127k▲
Accrued charges and deferred income492/3-€5k
Income statement
Code20232024
Non-recurring operating income76A-€408k
Remuneration, social security and pensions62€95k€47k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€42k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€11k
Other operating charges640/8€16k€16k▲
Gross operating margin9900€285k€1.12M▲
Operating profit (loss)9901€130k€1.00M▲
Financial income75/76B€8k€8k▲
Recurring financial income75€8k€8k▲
Financial charges65/66B€2k€7k▲
Recurring financial charges65€2k€7k▲
Profit (loss) for the period before taxes9903€135k€1.00M▲
Income taxes67/77€41k€317k▲
Profit (loss) for the period9904€95k€686k▲
Profit (loss) for the period to be appropriated9905€95k€686k▲
Appropriation of the result
Profit (loss) to be appropriated9906€95k€686k▲
Transfer to equity691/2€95k€686k▲
To other reserves6921€95k€686k▲
Social balance
Average headcount (FTE)90871.50.7▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 48 days late
2024
31-12
Financial
Highest result since 2018net €686k ▲625%
Operating result €1.00M, net result €686k, both a record.
31-12
Financial
Equity above €1MEq €1.49M ▲85.6%
7 profitable years in a row build equity to €1.49M.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €515k ▲20.2%
3 profitable years in a row build equity to €515k.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €30k ▼21.2%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 1.61
Current ratio from 0.60 to 1.61; short-term debt falls from €741k to €306k.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Tielt · 1 establishment unit since 1995
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.
Tenhovestraat 98700 TieltGround area
5,796 m²
Building footprint
2,774 m²
Volume, LiDAR
19,048 m³
Parcel 37303H0086/00B000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAGMA SCHOUWEN-NATUURSTEEN
since 19952.066.638.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303H0086/00B000 | Flanders | 5,796 m² | 1 · 2,774 m² | 8.0 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
2022 to 2023 · 2 entries · 308 EUR awarded · 308 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 154 EUR | 154 EUR |
| 2022 | 1 | 154 EUR | 154 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 739 companies in sector 23700 we hold annual accounts for 491. 305 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-03-1994
Fiscal year end31-12
Activities, NACEBEL
23700Cutting, shaping and finishing of stone
26700
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.