MAGNIFIC
ActiveThe computed 12-month bankruptcy probability of MAGNIFIC is 1.9% (moderate). The 2025 annual accounts show equity of €129k and a net result of €-43k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 3674 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-20
Solvency67▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.93 in 2024; short-term debt: 56.4% and cash: 52% of total assets), but 58.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.6%
Return on assets
-14%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
90 d late
2022
165 d late
2021
78 d late
2020
201 d late
2019
231 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€129k▼ 25.1%
2024 · €172k
2018: €107k
2019: €112k
2020: €114k
2021: €158k
2022: €85k
2023: €166k
2024: €172k
2018 → 2025
Total assets
€309k▼ 9.6%
2024 · €342k
2018: €374k
2019: €366k
2020: €249k
2021: €310k
2022: €219k
2023: €308k
2024: €342k
2018 → 2025
Net result
€-43k
2024 · €6k
2018: €32k
2019: €5k
2020: €1k
2021: €44k
2022: €-73k
2023: €81k
2024: €6k
2018 → 2025
Working capital
€102k▼ 26.7%
2024 · €139k
2018: €85k
2019: €103k
2020: €111k
2021: €154k
2022: €60k
2023: €129k
2024: €139k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€158k-€85k▼ 46.4%€166k▲ 96.0%€172k▲ 3.5%€129k▼ 25.1%
Operating result€57k-€-69k€100k€51k▼ 49.2%€8k▼ 84.8%
Net result€44k-€-73k€81k€6k▼ 92.9%€-43k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 85% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €309k
Fixed assets
€33k▼ 37.7%
Current assets
€276k▼ 4.4%
Equity and liabilities €309k
Equity
€129k▼ 25.1%
Debt
€180k▲ 6.1%
The debt ratio rises from 49.7% to 58.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30k▼
2024 · €73k
Cash flow
€-21k▼
2024 · €28k
Solvency
41.6%▼
2024 · 50.3%
Current ratio
1.58▼
2024 · 1.93
Quick ratio
1.44▼
2024 · 1.76
Debt / equity
1.40▲
2024 · 0.99
ROE
-33.5%▼
2024 · 3.4%
ROA
-14.0%▼
2024 · 1.7%
Interest coverage
8.23▼
2024 · 30.56
Debt
€180k▲
2024 · €170k
Debt ≤ 1 year
€174k▲
2024 · €150k
Debt > 1 year
€6k▼
2024 · €20k
Income taxes
€4k▼
2024 · €43k
Staff costs
€223k▲
2024 · €168k
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€342k€309k▼
Formation expenses20€432€173▼
Fixed assets21/28€52k€33k▼
Tangible fixed assets22/27€52k€33k▼
Land and buildings22€26k€16k▼
Plant, machinery and equipment23€18k€13k▼
Furniture and vehicles24€5k€2k▼
Leasing and similar rights25€3k€2k▼
Current assets29/58€289k€276k▼
Stocks and contracts in progress3€25k€25k▼
Stocks30/36€25k€25k▼
Amounts receivable within one year40/41€103k€89k▼
Trade receivables40€83k€57k▼
Other amounts receivable41€20k€32k▲
Cash at bank and in hand54/58€158k€161k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€342k€309k▼
Equity10/15€172k€129k▼
Contributions10/11€40k€40k=
Outside capital11€40k€40k=
Other1109/19€40k€40k=
Reserves13€132k€132k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€128k€128k=
Profit (loss) carried forward14-€-43k
Amounts payable17/49€170k€180k▲
Amounts payable after more than one year17€20k€6k▼
Financial debts170/4€14k-
Trade debts175€6k€6k=
Amounts payable within one year42/48€150k€174k▲
Current portion of amounts payable after more than one year42€17k€14k▼
Trade debts44€8k€39k▲
Suppliers440/4€8k€39k▲
Taxes, remuneration and social security45€110k€115k▲
Taxes450/3€79k€69k▼
Remuneration and social security454/9€31k€46k▲
Other amounts payable47/48€15k€6k▼
Income statement
Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€168k€223k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k▼
Other operating charges640/8€5k€3k▼
Gross operating margin9900€246k€255k▲
Operating profit (loss)9901€51k€8k▼
Financial income75/76B€40€176▲
Recurring financial income75€40€176▲
Financial charges65/66B€2k€47k▲
Recurring financial charges65€2k€4k▲
Non-recurring financial charges66B-€44k
Profit (loss) for the period before taxes9903€48k€-39k▼
Income taxes67/77€43k€4k▼
Profit (loss) for the period9904€6k€-43k▼
Profit (loss) for the period to be appropriated9905€6k€-43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-43k▼
Transfer to equity691/2€6k-
To other reserves6921€6k-
The notes to these accounts (4 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 165 days late
2023
31-12
Financial
Back to profitnet €81k
Net result €81k after one loss-making year.
31-12
Financial
Equity above €150kEq €166k ▲96%
Equity rises from €85k to €166k.
2022
31-12
Financial
Weakest financial yearnet €-73k ▼266%
Net result drops to €-73k, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 201 days late
2021
31-12
Financial
Equity above €150kEq €158k ▲38.9%
4 profitable years in a row build equity to €158k.
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 231 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 51 days late
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lanaken · 1 establishment unit since 2016
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.
Tournebride 353620 LanakenGround area
1,225 m²
Building footprint
214 m²
Volume, LiDAR
1,127 m³
Parcel 73322A0264/00F000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAGNIFIC
since 20162.257.383.703
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73322A0264/00F000 | Flanders | 1,225 m² | 1 · 214 m² | 8.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLanaken2.257.383.703
Similar companies · same sector, comparable size
ZILITO
BE 0473.690.392
Heist-op-den-Berg · Eq €129k
DIAMANT GARDEN
BE 0860.886.876
Nijlen · Eq €129k
Henrik
BE 0837.288.855
Oostende · Eq €129k
ERINCK
BE 0895.380.670
Dilbeek · Eq €129k
SINT JAMES
BE 0423.854.861
Middelkerke · Eq €129k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,275 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-09-2016
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.
Contact details
4 entriesE-mail:info@magnific.nu
Phone:0475/362212
E-mail:Yves-trc@hotmail.com
Phone:0495/905377