SWEET MAGIC
ActiveSummary
The computed 12-month bankruptcy probability of SWEET MAGIC is 2.1% (moderate). For SWEET MAGIC, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€40,068) and a net result of -€5,508. Equity is shrinking by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 7% of 24620 sector peers (fiscal year 2023). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six 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 2023Solvency, return and age of the figures
Solvency
-136%
Return on assets
-18.7%
Age of the figures
39 mo
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 · 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 →
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 26-03-2024, 55 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 filed
2024
not filed
2023
55 d late
2022
1 d early
2021
47 d early
2020
2 d late
2017
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 4 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 (1)
History
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Financials · fiscal year 2023, micro schema
Equity
-€40,068▼ 15.9%
2022 · -€34,560
Total assets
€29,457▲ 142%
2022 · €12,156
Net result
-€5,508▼ 44.0%
2022 · -€3,825
Working capital
-€43,732▼ 9.6%
2022 · -€39,899
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line2020202120222023
Operating result€939--€10,635-€3,668▲ 65.5%-€5,275▼ 43.8%
Net result€5,432within the sector's middle half--€10,992below the sector's middle half-€3,825within the sector's middle half▲ 65.2%-€5,508below the sector's middle half▼ 44.0%
Equity-€19,743below the sector's middle half--€30,735below the sector's middle half▼ 55.7%-€34,560below the sector's middle half▼ 12.4%-€40,068below the sector's middle half▼ 15.9%
Total assets€20,820below the sector's middle half-€8,780below the sector's middle half▼ 57.8%€12,156below the sector's middle half▲ 38.5%€29,457below the sector's middle half▲ 142%
Debt€40,563-€39,515▼ 2.6%€46,716▲ 18.2%€69,525▲ 48.8%
Working capital-€29,173below the sector's middle half--€37,749below the sector's middle half▼ 29.4%-€39,899below the sector's middle half▼ 5.7%-€43,732below the sector's middle half▼ 9.6%
Solvency-94.8%below the sector's middle half--350.1%below the sector's middle half▼ 255.3pp-284.3%below the sector's middle half▲ 65.8pp-136.0%below the sector's middle half▲ 148.3pp
Current ratio0.28below the sector's middle half-0.04below the sector's middle half▼ 0.240.15below the sector's middle half▲ 0.100.37below the sector's middle half▲ 0.23
Return on assets (ROA)26.1%above the sector's middle half--125.2%below the sector's middle half▼ 151.3pp-31.5%below the sector's middle half▲ 93.7pp-18.7%below the sector's middle half▲ 12.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 €5,275 in 2023 against €3,668 in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €29,457
Fixed assets
€3,664 ▼ 31.4%
Current assets
€25,792 ▲ 278%
Key figures and ratios
EBITDA
-€3,600▼
2022 · -€1,994
Cash flow
-€3,833▼
2022 · -€2,150
Debt to equity
-1.74▼
2022 · -1.35
Interest coverage
-15.44▼
2022 · -12.75
Debt ≤ 1 year
€69,525▲
2022 · €46,716
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,811 | €2,416 | €1,675 | €1,675 | = |
| Other operating charges640/8 | - | - | €683 | €395 | ▼ 42.1% |
| Gross operating margin9900 | €4,012 | -€8,090 | -€1,310 | -€3,205 | ▼ 145% |
| Operating profit (loss)9901 | €939 | -€10,635 | -€3,668 | -€5,275 | ▼ 43.8% |
| Recurring financial income75 | - | €0 | - | - | - |
| Financial charges65/66B | - | - | €156 | €233 | ▲ 49.1% |
| Recurring financial charges65 | €506 | €357 | €156 | €233 | ▲ 49.1% |
| Profit (loss) for the period before taxes9903 | €5,432 | -€10,992 | -€3,825 | -€5,508 | ▼ 44.0% |
| Profit (loss) for the period9904 | €5,432 | -€10,992 | -€3,825 | -€5,508 | ▼ 44.0% |
| Profit (loss) for the period to be appropriated9905 | €5,432 | -€10,992 | -€3,825 | -€5,508 | ▼ 44.0% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €20,820 | €8,780 | €12,156 | €29,457 | ▲ 142% |
| Fixed assets21/28 | €9,430 | €7,014 | €5,339 | €3,664 | ▼ 31.4% |
| Tangible fixed assets22/27 | €9,430 | €7,014 | €5,339 | €3,664 | ▼ 31.4% |
| Land and buildings22 | - | - | €5,339 | €3,664 | ▼ 31.4% |
| Current assets29/58 | €11,390 | €1,765 | €6,816 | €25,792 | ▲ 278% |
| Amounts receivable within one year40/41 | €5,896 | €1,002 | €3,206 | €14,032 | ▲ 338% |
| Trade receivables40 | - | - | €570 | €13,328 | ▲ 2,238% |
| Other amounts receivable41 | - | - | €2,636 | €704 | ▼ 73.3% |
| Cash at bank and in hand54/58 | €5,494 | €764 | €2,559 | €11,448 | ▲ 347% |
| Deferred charges and accrued income490/1 | - | - | €1,051 | €313 | ▼ 70.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €20,820 | €8,780 | €12,156 | €29,457 | ▲ 142% |
| Equity10/15 | -€19,743 | -€30,735 | -€34,560 | -€40,068 | ▼ 15.9% |
| Contributions10/11 | €29,747 | €29,747 | €29,747 | €29,747 | = |
| Capital10 | - | - | €29,747 | €29,747 | = |
| Issued capital100 | - | - | €29,747 | €29,747 | = |
| Reserves13 | €730 | €730 | €730 | €730 | = |
| Non-distributable reserves130/1 | - | - | €730 | €730 | = |
| Legal reserve130 | - | - | €730 | €730 | = |
| Profit (loss) carried forward14 | -€50,220 | -€61,212 | -€65,037 | -€70,545 | ▼ 8.5% |
| Amounts payable17/49 | €40,563 | €39,515 | €46,716 | €69,525 | ▲ 48.8% |
| Amounts payable within one year42/48 | €40,563 | €39,515 | €46,716 | €69,525 | ▲ 48.8% |
| Trade debts44 | €7,930 | €6,395 | €12,192 | €22,832 | ▲ 87.3% |
| Suppliers440/4 | - | - | €12,192 | €22,832 | ▲ 87.3% |
| Taxes, remuneration and social security45 | - | - | €404 | - | - |
| Taxes450/3 | - | - | €404 | - | - |
| Other amounts payable47/48 | - | - | €34,120 | €46,693 | ▲ 36.8% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,432 | -€10,992 | -€3,825 | -€5,508 | ▼ 44.0% |
| + Depreciation and write-downs630 | €2,811 | €2,416 | €1,675 | €1,675 | = |
| Operating cash flow (approximation) | €8,243 | -€8,577 | -€2,150 | -€3,833 | ▼ 78.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€4,730 | €1,795 | €8,889 | ▲ 395% |
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
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet -€10,992
Net result drops to -€10,992, the lowest in the series; recovery starts the following year.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2018
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 12 days late
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
08-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 37 days late
2014
28-02
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
2013
28-02
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 28 days late
2012
29-02
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Tubize · 1 establishment unit since 1997
Ground area
399 m²
Building footprint
220 m²
Volume, LiDAR
1,858 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Faubourg Saint-Anne 2 D, 1400 Nivelles
since 19972.080.959.608
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25072B0218/00R000 | Wallonia | 274 m² | 1 · 143 m² | 10.9 m · 3 fl. |
| 25105B0043/00N002 | Wallonia | 125 m² | 1 · 77 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
LES SAVEURS DE TUBIZE
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BE 0800.521.402
Tubize
't Kruimeltje
BE 0466.827.445
Sint-Jans-Molenbeek
AMIR
BE 0452.594.179
Brussel
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 2,404 companies in sector 47241 we hold annual accounts for 1,101. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-02-1997
Fiscal year end30-06
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460026161
Also
9925:BE0460026161
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.