MAGONA
ActiveSummary
MAGONA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€74,579) and a net result of -€14,913. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 3023 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.25 in 2023; short-term debt: 359.8% and cash: 24.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-259.8%
Return on assets
-52%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€74,579
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
97 d late
2022
64 d late
2021
52 d early
2020
45 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€74,579▼ 25.0%
2023 · -€59,666
Total assets
€28,701▲ 30.6%
2023 · €21,981
Net result
-€14,913▼ 21.8%
2023 · -€12,246
Working capital
-€75,452▼ 23.7%
2023 · -€61,013
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€19,138▲ 449%€1,593▼ 91.7%€17,647▲ 1,008%-€11,615-€14,913▼ 28.4%
Net result€18,418above the sector's middle half▲ 1,471%€83within the sector's middle half▼ 99.5%€15,764within the sector's middle half▲ 18,820%-€12,246below the sector's middle half-€14,913below the sector's middle half▼ 21.8%
Equity-€63,268below the sector's middle half▲ 22.5%-€63,185below the sector's middle half▲ 0.1%-€47,421below the sector's middle half▲ 24.9%-€59,666below the sector's middle half▼ 25.8%-€74,579below the sector's middle half▼ 25.0%
Total assets€29,264below the sector's middle half▼ 67.2%€14,957below the sector's middle half▼ 48.9%€15,713below the sector's middle half▲ 5.1%€21,981below the sector's middle half▲ 39.9%€28,701below the sector's middle half▲ 30.6%
Debt€92,532▼ 45.9%€78,143▼ 15.6%€63,134▼ 19.2%€81,648▲ 29.3%€103,280▲ 26.5%
Working capital-€67,098below the sector's middle half▲ 27.7%-€66,017below the sector's middle half▲ 1.6%-€48,767within the sector's middle half▲ 26.1%-€61,013below the sector's middle half▼ 25.1%-€75,452below the sector's middle half▼ 23.7%
Solvency-216.2%below the sector's middle half▼ 124.7pp-422.4%below the sector's middle half▼ 206.2pp-301.8%below the sector's middle half▲ 120.6pp-271.4%below the sector's middle half▲ 30.3pp-259.8%below the sector's middle half▲ 11.6pp
Current ratio0.27below the sector's middle half▼ 0.170.16below the sector's middle half▼ 0.120.23below the sector's middle half▲ 0.070.25below the sector's middle half▲ 0.030.27below the sector's middle half▲ 0.02
Return on assets (ROA)62.9%above the sector's middle half▲ 61.6pp0.6%within the sector's middle half▼ 62.4pp100.3%above the sector's middle half▲ 99.8pp-55.7%below the sector's middle half▼ 156.0pp-52.0%below the sector's middle half▲ 3.7pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,913 in 2024 against €11,615 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €28,701
Fixed assets
€873 ▼ 35.1%
Current assets
€27,828 ▲ 34.9%
Key figures and ratios
EBITDA
-€14,441▼
2023 · -€11,420
Cash flow
-€14,441▼
2023 · -€12,051
Debt to equity
-1.38▼
2023 · -1.37
Debt ≤ 1 year
€103,280▲
2023 · €81,648
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,940 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €1,794 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €843 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,994 | €1,451 | €1,486 | €195 | €472 | ▲ 142% |
| Other operating charges640/8 | - | €2,329 | €348 | €112 | €151,125 | ▲ 134,833% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €24,338 | €5,373 | €20,324 | -€11,308 | €136,684 | ▲ 1,309% |
| Operating profit (loss)9901 | €19,138 | €1,593 | €17,647 | -€11,615 | -€14,913 | ▼ 28.4% |
| Financial income75/76B | - | €0 | €74 | - | - | - |
| Recurring financial income75 | €2,029 | €0 | €74 | - | - | - |
| Financial charges65/66B | - | €1,148 | €1,009 | €270 | - | - |
| Recurring financial charges65 | €2,409 | €1,148 | €1,009 | €270 | - | - |
| Profit (loss) for the period before taxes9903 | €18,758 | €445 | €16,713 | -€11,884 | -€14,913 | ▼ 25.5% |
| Income taxes67/77 | €339 | €361 | €948 | €361 | - | - |
| Profit (loss) for the period9904 | €18,418 | €83 | €15,764 | -€12,246 | -€14,913 | ▼ 21.8% |
| Profit (loss) for the period to be appropriated9905 | €18,418 | €83 | €15,764 | -€12,246 | -€14,913 | ▼ 21.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,264 | €14,957 | €15,713 | €21,981 | €28,701 | ▲ 30.6% |
| Fixed assets21/28 | €3,829 | €2,832 | €1,346 | €1,346 | €873 | ▼ 35.1% |
| Tangible fixed assets22/27 | €3,365 | €2,368 | €882 | €882 | €409 | ▼ 53.6% |
| Plant, machinery and equipment23 | - | €1,014 | - | - | - | - |
| Furniture and vehicles24 | - | €1,354 | €882 | €882 | €409 | ▼ 53.6% |
| Financial fixed assets28 | €464 | €464 | €464 | €464 | €464 | = |
| Current assets29/58 | €25,435 | €12,125 | €14,367 | €20,635 | €27,828 | ▲ 34.9% |
| Amounts receivable within one year40/41 | €22,595 | €3,909 | €4,027 | €13,934 | €20,170 | ▲ 44.8% |
| Trade receivables40 | - | €3,879 | €1,733 | €13,934 | €18,574 | ▲ 33.3% |
| Other amounts receivable41 | - | €30 | €2,295 | - | €1,596 | - |
| Cash at bank and in hand54/58 | €2,840 | €3,344 | €10,340 | €6,702 | €7,049 | ▲ 5.2% |
| Deferred charges and accrued income490/1 | - | €4,872 | - | - | €609 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,264 | €14,957 | €15,713 | €21,981 | €28,701 | ▲ 30.6% |
| Equity10/15 | -€63,268 | -€63,185 | -€47,421 | -€59,666 | -€74,579 | ▼ 25.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,494 | €1,494 | €1,494 | €1,494 | €1,494 | = |
| Non-distributable reserves130/1 | - | €1,494 | €1,494 | €1,494 | €1,494 | = |
| Reserves not available under the articles1311 | - | €1,494 | €1,494 | €1,494 | €1,494 | = |
| Profit (loss) carried forward14 | -€83,362 | -€83,279 | -€67,515 | -€79,760 | -€94,673 | ▼ 18.7% |
| Amounts payable17/49 | €92,532 | €78,143 | €63,134 | €81,648 | €103,280 | ▲ 26.5% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €92,532 | €78,143 | €63,134 | €81,648 | €103,280 | ▲ 26.5% |
| Current portion of amounts payable after more than one year42 | - | €13,500 | €13,500 | €13,500 | €13,500 | = |
| Financial debts43 | - | €1,920 | - | - | - | - |
| Credit institutions430/8 | - | €1,920 | - | - | - | - |
| Trade debts44 | €51,484 | €56,100 | €26,792 | €49,718 | €35,838 | ▼ 27.9% |
| Suppliers440/4 | - | €56,100 | €26,792 | €49,718 | €35,838 | ▼ 27.9% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €2,163 | €1,138 | €726 | - | - |
| Taxes450/3 | - | €2,163 | €1,138 | €726 | - | - |
| Other amounts payable47/48 | - | €4,460 | €21,704 | €17,704 | €53,942 | ▲ 205% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,418 | €83 | €15,764 | -€12,246 | -€14,913 | ▼ 21.8% |
| + Depreciation and write-downs630 | €1,994 | €1,451 | €1,486 | €195 | €472 | ▲ 142% |
| Operating cash flow (approximation) | €20,412 | €1,534 | €17,251 | -€12,051 | -€14,441 | ▼ 19.8% |
| Investment in fixed assets (approximation) | - | -€454 | €0 | -€195 | €1 | ▲ 101% |
| Change in cash | - | €504 | €6,996 | -€3,638 | €347 | ▲ 110% |
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 · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet -€14,913
Net result drops to -€14,913, the lowest in the series.
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 97 days late
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €18,418 ▲1,471%
Operating result €19,138, net result €18,418, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 691 days late
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 36 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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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, Oostende · 1 establishment unit since 2011
Ground area
351 m²
Building footprint
311 m²
Volume, LiDAR
6,228 m³
Parcel 35386D0178/00N005, Flanders · tallest building 29.0 m, ±8 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Mood Creators
since 20112.201.613.156
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35386D0178/00N005 | Flanders | 351 m² | 1 · 311 m² | 29.0 m · 8 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,794 EUR awarded · 1,794 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,794 EUR | 1,794 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,734 companies in sector 93299 we hold annual accounts for 1,169. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
93299Other amusement and recreation activities
59114Motion picture, video and television programme production, sound recording and music publishing activities
74991Agents and managers of artists, athletes and other public figures
Contact
E-mail
magona@skynet.beOostende
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834838121
Registered
05-06-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.