MAGNA
ActiveSummary
The computed 12-month bankruptcy probability of MAGNA is 2.5% (moderate). The 2025 annual accounts show negative equity (-€70,295) and a net result of -€50,847. Equity is shrinking by ~82.1% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€70,295
- Loss
- -€50,847
Why 21- Annual accounts: weaker financial profile- No NACE activity registered- Limited track record- Negative equity+ Lower-risk legal formLatest accounts filed on timeShow the evidence
Checked score
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Signals
This company filed its last 7 accounts on average 106 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
- Annual accounts filedfiscal year 2025 · abbreviated…
- Weakest financial yearnet -€50,847
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €1,411Loss -€50,847Solvency -4982.5%Liquidity 0.02
Financials · fiscal year 2025, abbreviated schema
Trend over the years
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.
Result per fiscal year
Key figures and ratios
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,010 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,283 | €10,283 | €5,223 | - | - | - |
| Other operating charges640/8 | €1,172 | €3,610 | €2,979 | - | €2,942 | - |
| Gross operating margin9900 | -€9,778 | €3,387 | -€3,214 | - | -€117 | - |
| Operating profit (loss)9901 | -€21,233 | -€10,506 | -€11,417 | - | -€3,059 | - |
| Financial income75/76B | - | €110 | €0 | - | - | - |
| Recurring financial income75 | - | €110 | €0 | - | - | - |
| Financial charges65/66B | €122 | €180 | €309 | - | - | - |
| Recurring financial charges65 | €122 | €180 | €309 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€21,355 | -€10,577 | -€11,725 | - | -€3,059 | - |
| Income taxes67/77 | - | - | - | - | €47,788 | - |
| Profit (loss) for the period9904 | -€21,355 | -€10,577 | -€11,725 | - | -€50,847 | - |
| Profit (loss) for the period to be appropriated9905 | -€21,355 | -€10,577 | -€11,725 | - | -€50,847 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €194,507 | €18,648 | €2,091 | €2,091 | €1,411 | ▼ 32.5% |
| Fixed assets21/28 | €15,506 | €5,223 | - | - | - | - |
| Intangible fixed assets21 | €15,506 | €5,223 | - | - | - | - |
| Current assets29/58 | €179,000 | €13,425 | €2,091 | €2,091 | €1,411 | ▼ 32.5% |
| Amounts receivable within one year40/41 | €178,989 | €7,813 | €1,269 | €1,269 | €1,269 | = |
| Trade receivables40 | €165,000 | €44 | - | - | - | - |
| Other amounts receivable41 | €13,989 | €7,769 | €1,269 | €1,269 | €1,269 | = |
| Cash at bank and in hand54/58 | €11 | €5,612 | €822 | €822 | €142 | ▼ 82.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €194,507 | €18,648 | €2,091 | €2,091 | €1,411 | ▼ 32.5% |
| Equity10/15 | €2,854 | -€7,723 | -€19,449 | -€19,449 | -€70,295 | ▼ 261% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€59,146 | -€69,723 | -€81,449 | -€81,449 | -€132,295 | ▼ 62.4% |
| Amounts payable17/49 | €191,653 | €26,371 | €21,539 | €21,539 | €71,706 | ▲ 233% |
| Amounts payable within one year42/48 | €191,653 | €26,371 | €21,539 | €21,539 | €71,706 | ▲ 233% |
| Trade debts44 | €191,653 | €236 | €340 | - | - | - |
| Suppliers440/4 | €191,653 | €236 | €340 | - | - | - |
| Taxes, remuneration and social security45 | - | €5,413 | - | - | - | - |
| Taxes450/3 | - | €5,413 | - | - | - | - |
| Other amounts payable47/48 | - | €20,722 | €21,200 | €21,539 | €71,706 | ▲ 233% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,355 | -€10,577 | -€11,725 | - | -€50,847 | - |
| + Depreciation and write-downs630 | €10,283 | €10,283 | €5,223 | - | - | - |
| Operating cash flow (approximation) | -€11,072 | -€294 | -€6,502 | - | -€50,847 | - |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €5,601 | -€4,790 | €0 | -€680 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline
8 eventsLatest 28-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Support & recognitions
1 register with a recognitionFASFC 1 site
Recognitions · licences · registrations
Food safety, FASFC
1 siteCompany details
Public limited company · founded 18-04-2018Year ends 31-12Peppol reachable1 site
Register details
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
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0127/00A011 | Flanders | 4,011 m² | 1 · 2,890 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
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