MAGVICE
ActiveSummary
The annual accounts of MAGVICE for fiscal year 2025 show a net loss of 74% of total assets. The 2025 annual accounts show equity of €73k and a net result of €-61k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 84% of 17090 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 6.77 against 7.88 in 2024; short-term debt: 12.9% and cash: 73.2% of total assets), and 12.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
87.1%
Return on assets
-73.7%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-61k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
146 d early
2022
41 d early
2021
107 d early
2020
15 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€73k▼ 45.8%
2024 · €134k
Total assets
€83k▼ 45.0%
2024 · €152k
Net result
€-61k▼ 86.9%
2024 · €-33k
Working capital
€62k▼ 48.7%
2024 · €122k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-2k€59k€90k▲ 53.0%€-30k€-59k▼ 97.7%
Net result€-3k€45k€69k▲ 53.9%€-33k€-61k▼ 86.9%
Equity€75k▼ 4.2%€120k▲ 59.4%€195k▲ 62.5%€134k▼ 31.2%€73k▼ 45.8%
Total assets€87k▼ 29.2%€147k▲ 69.1%€214k▲ 45.8%€152k▼ 29.1%€83k▼ 45.0%
Debt€11k▼ 74.0%€27k▲ 133%€19k▼ 29.1%€18k▼ 6.7%€11k▼ 38.9%
Working capital€69k▼ 0.6%€115k▲ 66.3%€193k▲ 67.4%€122k▼ 37.0%€62k▼ 48.7%
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 €59k in 2025 against €30k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83k
Fixed assets
€10k ▼ 18.0%
Current assets
€73k ▼ 47.5%
Equity and liabilities €83k
Equity
€73k ▼ 45.8%
Debt
€11k ▼ 38.9%
Debt's share of the balance-sheet total rises from 11.6% to 12.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-53k▼
2024 · €-26k
Cash flow
€-56k▼
2024 · €-29k
Current ratio
6.77▼
2024 · 7.88
Debt to equity
0.15▲
2024 · 0.13
ROE
-84.6%▼
2024 · -24.5%
ROA
-73.7%▼
2024 · -21.7%
Interest coverage
-19.41▼
2024 · -8.29
Debt ≤ 1 year
€11k▼
2024 · €18k
Income taxes
€192▲
2024 · €170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €3k | €4k | €6k | ▲ 48.5% |
| Other operating charges640/8 | - | €519 | €293 | €2k | €8k | ▲ 325% |
| Gross operating margin9900 | €2k | €63k | €93k | €-24k | €-45k | ▼ 88.1% |
| Operating profit (loss)9901 | €-2k | €59k | €90k | €-30k | €-59k | ▼ 97.7% |
| Financial income75/76B | - | - | €144 | - | - | - |
| Recurring financial income75 | - | - | €144 | - | - | - |
| Financial charges65/66B | - | €1k | €1k | €3k | €3k | ▼ 12.3% |
| Recurring financial charges65 | €1k | €1k | €1k | €3k | €3k | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €-3k | €57k | €89k | €-33k | €-61k | ▼ 87.3% |
| Income taxes67/77 | €327 | €13k | €20k | €170 | €192 | ▲ 12.5% |
| Profit (loss) for the period9904 | €-3k | €45k | €69k | €-33k | €-61k | ▼ 86.9% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €45k | €69k | €-33k | €-61k | ▼ 86.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87k | €147k | €214k | €152k | €83k | ▼ 45.0% |
| Fixed assets21/28 | €6k | €5k | €2k | €13k | €10k | ▼ 18.0% |
| Tangible fixed assets22/27 | €6k | €5k | €2k | €12k | €10k | ▼ 18.4% |
| Furniture and vehicles24 | - | €5k | €2k | €12k | €10k | ▼ 18.4% |
| Financial fixed assets28 | - | - | €250 | €250 | €250 | = |
| Current assets29/58 | €81k | €142k | €212k | €139k | €73k | ▼ 47.5% |
| Amounts receivable within one year40/41 | €16k | €20k | €31k | €33k | €12k | ▼ 64.5% |
| Trade receivables40 | - | €20k | €17k | €10k | - | - |
| Other amounts receivable41 | - | - | €14k | €22k | €12k | ▼ 47.9% |
| Cash at bank and in hand54/58 | €64k | €122k | €179k | €106k | €61k | ▼ 42.4% |
| Deferred charges and accrued income490/1 | - | €440 | €1k | €442 | €441 | ▼ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87k | €147k | €214k | €152k | €83k | ▼ 45.0% |
| Equity10/15 | €75k | €120k | €195k | €134k | €73k | ▼ 45.8% |
| Contributions10/11 | - | €12k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €63k | €108k | €176k | €116k | €54k | ▼ 53.2% |
| Amounts payable17/49 | €11k | €27k | €19k | €18k | €11k | ▼ 38.9% |
| Amounts payable within one year42/48 | €11k | €27k | €19k | €18k | €11k | ▼ 38.9% |
| Trade debts44 | €3k | €3k | €9k | €13k | €488 | ▼ 96.3% |
| Suppliers440/4 | - | €3k | €9k | €13k | €488 | ▼ 96.3% |
| Taxes, remuneration and social security45 | - | €23k | €10k | €5k | €10k | ▲ 126% |
| Taxes450/3 | - | €21k | €10k | €5k | €10k | ▲ 126% |
| Remuneration and social security454/9 | - | €1k | - | - | - | - |
| Other amounts payable47/48 | - | €1k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €45k | €69k | €-33k | €-61k | ▼ 86.9% |
| + Depreciation and write-downs630 | €4k | €4k | €3k | €4k | €6k | ▲ 48.5% |
| Operating cash flow (approximation) | €204 | €49k | €72k | €-29k | €-56k | ▼ 92.1% |
| Investment in fixed assets (approximation) | - | €-3k | €-250 | €-14k | €-4k | ▲ 74.9% |
| Change in cash | - | €58k | €57k | €-73k | €-45k | ▲ 38.1% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Highest result since 2020net €69k ▲53.9%
Operating result €90k, net result €69k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 11.19
Current ratio from 5.31 to 11.19; short-term debt falls from €27k to €19k.
30-09
Financial
Equity above €150kEq €195k ▲62.5%
2 profitable years in a row build equity to €195k.
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
30-09
Financial
Equity above €100kEq €120k ▲59.4%
Equity rises from €75k to €120k.
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity triplescurrent ratio 7.05
Current ratio from 2.58 to 7.05; short-term debt falls from €44k to €11k.
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Liège · 1 establishment unit since 2019
Ground area
140 m²
Building footprint
40 m²
Volume, LiDAR
314 m³
Parcel 62023B0194/00P000, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAGVICE
since 20192.288.139.433
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62023B0194/00P000 | Wallonia | 140 m² | 1 · 40 m² | 9.8 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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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 6,923 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-04-2019
Fiscal year end30-09
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.