MAGMAS
ActiveSummary
MAGMAS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.6m and a net result of €266,467. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 169 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
How big
€1.9mtotal assets 2026
- Equity
- €1.6m
- Profit
- €266,467
Turnover not published (abridged schema)
Who decides
- Holdings
- 1
Accounts 33 d early0 of 2 deeds read
Why 89+ Lower-failure-rate sector+ Annual accounts: healthy financial profile+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2026
Axes · tick = 2025
Profitability86▼-14
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.04 in 2025; short-term debt: 17.7% and cash: 21.3% of total assets), and 18.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2026Solvency, return and age of the figures
Solvency
81.4%
Return on assets
13.9%
Age of the figures
6 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 28-09-2026, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
33 d early
2025
32 d early
2024
7 d early
2023
5 d early
2022
10 d early
2021
48 d early
2020
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 21 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-03-2027 close31-10-2027 deadline
- Annual accounts filedfiscal year 2026 · abbreviated…
- Annual accounts filedfiscal year 2025 · abbreviated…
- Highest result since 2019net €560,456 ▲81.8%
Financials
Fiscal year 2026Total assets €1.9mProfit €266,467Solvency 81.4%Liquidity 1.52
Total assets
€1.9m▲ 8.3%
2019 - 2026
Net result
€266,467▼ 52.5%
2019 - 2026
Equity
€1.6m▲ 20.6%
2019 - 2026
Solvency
81.4%▲ 8.3pp
2019 - 2026
Financials · fiscal year 2026, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€0.1m▲ 56.9%€0.1m▼ 3.2%€0.1m▼ 0.6%€0.1m▲ 2.2%€0.1m▼ 2.3%
Net result€0.09mwithin the sector's middle half▲ 63.9%€0.08mwithin the sector's middle half▼ 5.3%€0.3mabove the sector's middle half▲ 271%€0.6mabove the sector's middle half▲ 81.8%€0.3m▼ 52.5%
Equity€0.4mwithin the sector's middle half▲ 5.3%€0.4mwithin the sector's middle half▼ 2.3%€0.7mwithin the sector's middle half▲ 74.3%€1.3mabove the sector's middle half▲ 78.4%€1.6m▲ 20.6%
Total assets€1.0mwithin the sector's middle half▲ 1.0%€1.0mwithin the sector's middle half▼ 0.7%€1.2mwithin the sector's middle half▲ 25.6%€1.8mwithin the sector's middle half▲ 41.6%€1.9m▲ 8.3%
Debt€0.6m▼ 2.0%€0.6m▲ 0.4%€0.5m▼ 9.4%€0.5m▼ 9.1%€0.4m▼ 25.1%
Working capital-€0.2mbelow the sector's middle half▼ 49.7%-€0.3mbelow the sector's middle half▼ 49.1%-€0.3mbelow the sector's middle half▼ 10.6%€0.02mwithin the sector's middle half€0.2m▲ 965%
Solvency42.4%within the sector's middle half▲ 1.7pp41.8%within the sector's middle half▼ 0.7pp58.0%within the sector's middle half▲ 16.2pp73.1%within the sector's middle half▲ 15.1pp81.4%▲ 8.3pp
Current ratio0.32below the sector's middle half▼ 0.050.23below the sector's middle half▼ 0.090.21below the sector's middle half▼ 0.021.04within the sector's middle half▲ 0.831.52▲ 0.48
Return on assets (ROA)8.8%within the sector's middle half▲ 3.4pp8.4%within the sector's middle half▼ 0.4pp24.7%above the sector's middle half▲ 16.4pp31.8%above the sector's middle half▲ 7.0pp13.9%▼ 17.8pp
Staff (FTE)0within the sector's middle half0
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 2% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.4m ▲ 4.0%
Current assets
€514,221 ▲ 21.9%
Equity and liabilities €1.9m
Equity
€1.6m ▲ 20.6%
Debt
€356,143 ▼ 25.1%
Debt's share of the balance-sheet total falls from 26.9% to 18.6%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€129,496▼
2025 · €132,384
Cash flow
€267,984▼
2025 · €561,897
Debt to equity
0.23▼
2025 · 0.37
ROE
17.1%▼
2025 · 43.5%
Interest coverage
6.56▲
2025 · 6.19
Debt ≤ 1 year
€338,274▼
2025 · €405,313
Debt > 1 year
€0▼
2025 · €50,000
Income taxes
€50,251▼
2025 · €80,052
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,979 | €3,025 | €1,184 | €1,441 | €1,518 | ▲ 5.3% |
| Other operating charges640/8 | €1,740 | €1,829 | €1,560 | €1,963 | €1,386 | ▼ 29.4% |
| Gross operating margin9900 | €138,742 | €133,680 | €130,862 | €134,347 | €130,882 | ▼ 2.6% |
| Operating profit (loss)9901 | €133,024 | €128,826 | €128,117 | €130,943 | €127,979 | ▼ 2.3% |
| Financial income75/76B | €50 | €4 | €249,122 | €530,945 | €208,491 | ▼ 60.7% |
| Recurring financial income75 | €50 | €4 | €249,122 | €353,741 | €154,936 | ▼ 56.2% |
| Non-recurring financial income76B | - | - | €249,122 | €177,203 | €53,554 | ▼ 69.8% |
| Financial charges65/66B | €8,128 | €11,606 | €13,208 | €21,379 | €19,752 | ▼ 7.6% |
| Recurring financial charges65 | €8,128 | €11,606 | €13,208 | €21,379 | €19,752 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €124,946 | €117,224 | €364,032 | €640,508 | €316,717 | ▼ 50.6% |
| Income taxes67/77 | €37,320 | €34,219 | €55,784 | €80,052 | €50,251 | ▼ 37.2% |
| Profit (loss) for the period9904 | €87,626 | €83,005 | €308,247 | €560,456 | €266,467 | ▼ 52.5% |
| Profit (loss) for the period to be appropriated9905 | €87,626 | €83,005 | €308,247 | €560,456 | €266,467 | ▼ 52.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.0m | €1.2m | €1.8m | €1.9m | ▲ 8.3% |
| Fixed assets21/28 | €0.9m | €0.9m | €1.2m | €1.3m | €1.4m | ▲ 4.0% |
| Tangible fixed assets22/27 | €0.005m | €0.002m | €0.006m | €0.006m | €0.006m | ▲ 5.9% |
| Furniture and vehicles24 | €0.005m | €0.002m | €0.006m | €0.006m | €0.004m | ▼ 25.1% |
| Other tangible fixed assets26 | - | - | - | - | €0.002m | - |
| Financial fixed assets28 | €0.9m | €0.9m | €1.2m | €1.3m | €1.4m | ▲ 4.0% |
| Current assets29/58 | €0.08m | €0.08m | €0.08m | €0.4m | €0.5m | ▲ 21.9% |
| Amounts receivable within one year40/41 | €0.006m | €252 | €0.002m | €0.002m | €0.002m | ▼ 21.7% |
| Trade receivables40 | €461 | - | €0.002m | €0.002m | €0.001m | ▼ 28.7% |
| Other amounts receivable41 | €0.006m | €252 | €185 | €76 | €206 | ▲ 170% |
| Current investments50/53 | - | - | - | - | €0.1m | - |
| Cash at bank and in hand54/58 | €0.07m | €0.07m | €0.07m | €0.4m | €0.4m | ▼ 2.0% |
| Deferred charges and accrued income490/1 | €0.008m | €0.004m | €0.004m | €0.003m | €0.003m | ▼ 24.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.2m | €1.8m | €1.9m | ▲ 8.3% |
| Equity10/15 | €0.4m | €0.4m | €0.7m | €1.3m | €1.6m | ▲ 20.6% |
| Contributions10/11 | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | = |
| Reserves13 | €0.4m | €0.4m | €0.7m | €1.3m | €1.5m | ▲ 20.9% |
| Non-distributable reserves130/1 | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | €0.4m | €0.4m | €0.7m | €1.3m | €1.5m | ▲ 20.9% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 25.1% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.1m | €0.05m | €0 | ▼ 100% |
| Financial debts170/4 | €0.3m | €0.2m | €0.1m | €0.05m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 16.5% |
| Current portion of amounts payable after more than one year42 | €0.09m | €0.09m | €0.09m | €0.09m | €0.05m | ▼ 41.7% |
| Trade debts44 | €0.001m | €0.002m | €0.002m | €0.004m | €310 | ▼ 91.5% |
| Suppliers440/4 | €0.001m | €0.002m | €0.002m | €0.004m | €310 | ▼ 91.5% |
| Taxes, remuneration and social security45 | €0.02m | €0.01m | €0.03m | €0.06m | €0.03m | ▼ 56.4% |
| Taxes450/3 | €0.02m | €0.01m | €0.03m | €0.06m | €0.03m | ▼ 56.4% |
| Other amounts payable47/48 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 1.8% |
| Accrued charges and deferred income492/3 | €0.005m | €0.009m | €0.01m | €0.02m | €0.02m | ▼ 10.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87,626 | €83,005 | €308,247 | €560,456 | €266,467 | ▼ 52.5% |
| + Depreciation and write-downs630 | €3,979 | €3,025 | €1,184 | €1,441 | €1,518 | ▲ 5.3% |
| Operating cash flow (approximation) | €91,604 | €86,030 | €309,432 | €561,897 | €267,984 | ▼ 52.3% |
| Investment in fixed assets (approximation) | - | €0 | -€254,435 | -€178,330 | -€55,418 | ▲ 68.9% |
| Change in cash | - | €4,679 | -€263 | €341,895 | -€8,173 | ▼ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 22,996 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
1 holding
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 1
-
99.98%
According to the annual accounts to 31-03-2025 of MAGMAS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 2 Gazette acts processed.
Timeline
14 eventsLatest 28-09-2026Next filing 31-10-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
28-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €560,456 ▲81.8%
Net result €560,456, the highest in the series.
31-03
Financial
Liquidity times 5current ratio 1.04
Current ratio from 0.21 to 1.04.
31-03
Financial
Equity above €1mEq €1.3m ▲78.4%
7 profitable years in a row build equity to €1.3m.
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €500,000Eq €722,847 ▲74.3%
6 profitable years in a row build equity to €722,847.
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 16-05-2014Year ends 31-03Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded16-05-2014
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0552762022
Also
9925:BE0552762022
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2014
Ground area
1,296 m²
Building footprint
198 m²
Volume, LiDAR
1,820 m³
Parcel 34353B0008/00Z000, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAGMAS
since 2014unit no. 2.231.292.483
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0008/00Z000 | Flanders | 1,296 m² | 1 · 198 m² | 13.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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