BALFROID - MAGNEE
ActiveSummary
BALFROID - MAGNEE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.52M and a net result of €1.38M. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 2179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1M at 30 days acceptable
Liquidity ample (current ratio 17.61 against 12.74 in 2024; short-term debt: 5.2% and cash: 35.2% of total assets), and 5.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.8%
Return on assets
11.3%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
35 d early
2023
23 d early
2022
30 d late
2021
25 d late
2020
25 d late
2019
17 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.38M▲ 7.0%
2024 · €1.29M
2018: €983k
2019: €944k
2020: €945k
2021: €1.06M
2022: €1.07M
2023: €1.12M
2024: €1.29M
2018 → 2025
Working capital
€10.46M▲ 16.0%
2024 · €9.02M
2018: €3.27M
2019: €4.34M
2020: €5.29M
2021: €6.31M
2022: €7.31M
2023: €7.94M
2024: €9.02M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7.23M-€8.30M▲ 14.8%€8.86M▲ 6.7%€10.14M▲ 14.5%€11.52M▲ 13.6%
Operating result€1.36M-€1.51M▲ 11.1%€1.57M▲ 3.7%€1.86M▲ 18.9%€1.87M▲ 0.4%
Net result€1.06M-€1.07M▲ 0.9%€1.12M▲ 4.9%€1.29M▲ 14.8%€1.38M▲ 7.0%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.15M
Fixed assets
€1.06M ▼ 5.6%
Current assets
€11.09M ▲ 13.3%
Equity and liabilities €12.15M
Equity
€11.52M ▲ 13.6%
Debt
€630k ▼ 18.1%
Debt's share of the balance-sheet total falls from 7.0% to 5.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.16M▲
2024 · €2.15M
Cash flow
€1.66M▲
2024 · €1.57M
Current ratio
17.61▲
2024 · 12.74
Quick ratio
14.28▲
2024 · 10.73
Debt to equity
0.05▼
2024 · 0.08
ROE
11.9%▼
2024 · 12.7%
ROA
11.3%▼
2024 · 11.8%
Interest coverage
1243.63▲
2024 · 729.21
Debt ≤ 1 year
€630k▼
2024 · €768k
Income taxes
€643k▲
2024 · €603k
Staff costs
€2.07M▲
2024 · €1.92M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.91M€12.15M▲
Fixed assets21/28€1.13M€1.06M▼
Tangible fixed assets22/27€927k€882k▼
Land and buildings22€74k€65k▼
Plant, machinery and equipment23€457k€469k▲
Furniture and vehicles24€373k€330k▼
Other tangible fixed assets26€24k€18k▼
Financial fixed assets28€199k€180k▼
Current assets29/58€9.79M€11.09M▲
Amounts receivable after more than one year29-€30k
Other amounts receivable291-€30k
Stocks and contracts in progress3€1.54M€2.10M▲
Stocks30/36€70k€108k▲
Contracts in progress37€1.47M€1.99M▲
Amounts receivable within one year40/41€2.10M€2.42M▲
Trade receivables40€1.93M€2.39M▲
Other amounts receivable41€170k€26k▼
Current investments50/53€4.50M€2.25M▼
Cash at bank and in hand54/58€1.63M€4.28M▲
Deferred charges and accrued income490/1€13k€18k▲
Equity and liabilities
Total equity and liabilities10/49€10.91M€12.15M▲
Equity10/15€10.14M€11.52M▲
Contributions10/11€19k€19k=
Reserves13€10.12M€11.50M▲
Non-distributable reserves130/1€65k€65k=
Reserves not available under the articles1311€65k€65k=
Tax-exempt reserves132€511k€511k=
Distributable reserves133€9.55M€10.93M▲
Amounts payable17/49€768k€630k▼
Amounts payable within one year42/48€768k€630k▼
Trade debts44€477k€143k▼
Suppliers440/4€477k€143k▼
Advances received on contracts in progress46€98k€98k=
Taxes, remuneration and social security45€193k€389k▲
Taxes450/3€141k€288k▲
Remuneration and social security454/9€52k€101k▲
Income statement
Code20242025
Non-recurring operating income76A€38k€16k▼
Remuneration, social security and pensions62€1.92M€2.07M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€288k€288k▲
Other operating charges640/8€49k€39k▼
Non-recurring operating charges66A€18k€5k▼
Gross operating margin9900€4.14M€4.27M▲
Operating profit (loss)9901€1.86M€1.87M▲
Financial income75/76B€28k€149k▲
Recurring financial income75€28k€149k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€1.89M€2.02M▲
Income taxes67/77€603k€643k▲
Profit (loss) for the period9904€1.29M€1.38M▲
Profit (loss) for the period to be appropriated9905€1.29M€1.38M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.29M€1.38M▲
Transfer to equity691/2€1.29M€1.38M▲
To other reserves6921€1.29M€1.38M▲
Social balance
Average headcount (FTE)908732.234.4▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Highest result since 2018net €1.38M ▲7%
Operating result €1.87M, net result €1.38M, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €10MEq €10.14M ▲14.5%
7 profitable years in a row build equity to €10.14M.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 30.47
Current ratio from 14.59 to 30.47; short-term debt falls from €389k to €214k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 14.59
Current ratio from 5.91 to 14.59; short-term debt falls from €884k to €389k.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €944k ▼3.9%
Net result drops to €944k, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Equity above €5MEq €5.23M ▲22%
2 profitable years in a row build equity to €5.23M.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wellin · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Jean Meunier,Halma 106922 WellinGround area
1.5 ha
Building footprint
1,396 m²
Volume, LiDAR
9,327 m³
Parcel 84025B0475/00C000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BALFROID - MAGNEE
since 19942.067.802.448
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84025B0475/00C000 | Wallonia | 1.5 ha | 1 · 1,396 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
15 categoriesBALFROID - MAGNEE SRL26408
Legal Entity Identifier
254900V80SMFTY204H22
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DELMULLE
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IMMO - HOET
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 912 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-07-1994
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43230Insulation installation
43320Joinery installation
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:balfroid.magnee@skynet.be
Phone:0475/46.20.35
Phone:084/38.80.01