MAGO ELEKTRO Ltd.

Active

Foreign entityfounded 2020active for 6 yearsLower Charlton Estate Cooper House 5, BA4 5QE Somerset, United KingdomKBO/BCE: BE 0749.672.319

Summary

MAGO ELEKTRO Ltd. has the legal form “Foreign entity” in the KBO; Checked does not compute a bankruptcy probability for it. The 2024 annual accounts show equity of €18,438 and a net result of €7,048, of which €4,124 non-recurring income. Its solvency ranks better than 26% of 35,977 sector peers (NACE 43, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

MAGO ELEKTRO Ltd.ActiveChecked score 42/100

Risk analysis Report Compare

Activity

General electrical installation work

NACE 43211

1 site

Size

€373,676turnover 2024

Equity: €18,438
Profit: €7,048

Financial health

42 Weak Checked score 2024

Bankruptcy probability: legal form outside the model

Structure

2025 accounts not filed, 89 days past the deadline1 deed in the Belgian Official Gazette

Signalsraises riskAnnual accounts not filed2024 accounts filed 12 days lateShow the evidence

Checked score

Score 2024

42 / 100

Weak

Without a bankruptcy probability: score from the figures alone

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 50-4

equity 24.8% of total assets

Liquidity 9-22

short-term debt 75.2% · cash 0.2%

Profitability 66+66

return on assets 9.5%

Bankruptcy probability, 12 months

The KBO gives the legal form as “Foreign entity”. We show no bankruptcy probability for it: the model is built on companies and gives no reliable figure for this form.

Credit of up to €500 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity tight (current ratio 1.1, compared with 0.81 in 2023, below the usual 1.5; short-term debt: 75.2% and cash: 0.2% of total assets), and 75.2% of the assets are financed with debt and provisions.

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Signals

Two signals.

raises risk

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 89 days later.

NBB · 2 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline28-10-2026 today

2024 accounts filed 12 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 2 filings

Deviation from the deadline

2025

not filed

2024

12 days late

2023

35 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 12 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

12-08-2025 Annual accounts filedfinancial year 2024 · micro…
31-12-2024 Back to profitnet €7,048
26-06-2024 Annual accounts filedfinancial year 2023 · micro…

Key points

Positive: Turnover rose in 2024from €203,551 to €373,676 ▲ 83.6% View
Caution: 2025 accounts not fileddeadline was 31-07-2026 89 days past the deadline View
Turnover 20242 financial years filed €373,676 View

By topic

Financials

Financial year: 2024
Turnover: €373,676
Profit: €7,048
Solvency: 24.8%

Turnover▲ 83.6%

Net result

20232024

Go to Financials

Timeline

Events: 3
Since: 2024

Go to Timeline

Company details

Sites: 1

Legal form: Foreign entity
Activity: General electrical installation workNACE 43211
Founded: 21-05-2020
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about MAGO ELEKTRO Ltd.

What is the company number of MAGO ELEKTRO Ltd.?: 0749.672.319. In Belgium the VAT number is the company number with BE in front: BE 0749.672.319.
Where is MAGO ELEKTRO Ltd. based?: The registered office is at Lower Charlton Estate Cooper House 5, BA4 5QE Somerset.Company details
What does MAGO ELEKTRO Ltd. do?: According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of MAGO ELEKTRO Ltd.?: Foreign entity.
When was MAGO ELEKTRO Ltd. founded?: On 21-05-2020.
Is MAGO ELEKTRO Ltd. still active?: Yes, MAGO ELEKTRO Ltd. is an active enterprise in the KBO register.
What is the turnover of MAGO ELEKTRO Ltd.?: €373,676 in financial year 2024, according to the filed annual accounts.Financials
Is MAGO ELEKTRO Ltd. profitable?: In financial year 2024, MAGO ELEKTRO Ltd. made a profit of €7,048.
Where can I find the annual accounts of MAGO ELEKTRO Ltd.?: MAGO ELEKTRO Ltd. filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2024.