MGI MAGIC

Active

Private limited company (pre-2019)founded 201412 yrs activeDuquesnoystraat 28, 1000 Brussel, BelgiumKBO/BCE: BE 0556.625.194

Summary

MGI MAGIC has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,121 and a net result of €1,950. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 11293 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisWatch Report Compare

MGI MAGICActiveChecked score 64/100

Risk analysis Report Compare

Activity

Retail sale of newspapers and periodicals

NACE 47621NACE 47620

1 site

Size

€103,333total assets 2025

Equity: €8,121
Profit: €1,950

Turnover not published (abridged schema)

Financial health

64 Healthy Checked score 2025

Bankruptcy chance 12 m: 1.4%

Provisional estimate

Structure

Accounts filed 31 d late0 of 3 deeds read

Why 64- Higher-failure-rate region- Higher-failure-rate sector+ Long track recordShow the evidence

Checked score

Score 2025

64 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Provisional estimate

Better than 46% of its sector peers (NACE 47, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 33+1

equity 7.9% of total assets

Liquidity 27+2

short-term debt 92.1% · cash 21.8%

Profitability 71+36

return on assets 1.9%

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Provisional estimate

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.03 against 0.99 in 2024; short-term debt: 92.1% and cash: 21.8% of total assets), and 92.1% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 25%, liquidity 24%, profitability 53%, growth against the median 80%. That is performance, not lower risk; the band itself always comes from the probability.

Provisional estimate: the current bankruptcy probability was not available, so Checked used its built-in model (v2).

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Retail trade (NACE 47)

about 45% more bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 11293 sector peers (2025).

NBB · sector comparison

Position among 11293 sector peers

Solvency

better than 18%

← weakest strongest →

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year €8,121

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 · 10 filings

Deviation from the deadline

2025

31 d late

2024

30 d late

2023

26 d late

2022

31 d late

2021

105 d late

2020

279 d late

2019

644 d late

← before the deadline after the deadline →

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

This company filed its last 7 accounts on average 164 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

31-08-26 Annual accounts filedfiscal year 2025 · abbreviated…
30-08-25 Annual accounts filedfiscal year 2024 · micro…
26-08-24 Annual accounts filedfiscal year 2023 · micro…

Key points

Caution: Among the weakest 15% on equitysector median €247,818 · 11,303 companies €8,121 View
Positive: 5 profitable years in a rowprofit 2025: €1,950 5 years View
Total assets 20256 fiscal years filed €103,333 View