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HET MAGAZIJN

Active
Public limited companyfounded 1996active for 30 yearsKorenstraat 2, 3740 Bilzen-Hoeselt, BelgiumKBO/BCE: BE 0458.977.571
Summary

HET MAGAZIJN has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €289,434 and a net result of €41,546. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 50% of 947 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
HET MAGAZIJNActiveChecked score 86/100
Risk analysis ReportCompare

Overview

Activity
Full-service restaurants
NACE 56111
5th largest company by equity in Bilzen-Hoeselt, Accommodation and food service sector1 site
Size
≈ €1.2mturnover 2025, estimated
Staff
6.8 FTE
Equity
€289,434
Profit
€41,546
Turnover estimated from the gross margin
Financial health
86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
2025 accounts 16 days early1 of 4 deeds summarised
Why 86raises riskSector: Food and beverage service activities (NACE 56)Size: 6.8 FTE, total assets €990,489lowers riskLiquidity: current ratio 1.12, cash €312,037Founded in 1996Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 52% of its sector peers (NACE 56, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 54-8
equity 29.2% of total assets
Liquidity 74+11
short-term debt 34.9% · cash 31.5%
Profitability 74=
return on assets 4.2%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,768 companies, NACE 56, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025lowest value 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026highest value 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €24,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.12, compared with 1.56 in 2024, below the usual 1.5; short-term debt: 34.9% and cash: 31.5% of total assets), and 70.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 50% on solvency, 78% on liquidity, 56% on profitability and 26% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
lowers risk · Liquidity: current ratio 1.12, cash €312,037
NBB · annual accounts
lowers risk · Founded in 1996
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: 6.8 FTE, total assets €990,489
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
16 days early
2024
37 days early
2023
29 days early
2022
31 days early
2021
31 days early
2020
30 days early
2019
42 days early
← 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 31 days before the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Positive: 5th largest company by equity in Bilzen-Hoeselt, Accommodation and food service sectorin the Checked rankings No. 5 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €41,546 8 years View

By topic

Financials

Financial year
2025
Total assets
€990,489
Profit
€41,546
Solvency
29.2%
Total assets▲ 3.7%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
  • Edwin SOMERSDirector
  • Odilia FESTJENSManaging director
  • Patrick SOMERSManaging director
Go to Board & ownership

Timeline

Events
33
Since
1998
Next accounts
by 31-07-2027
  1. 06-12-2023Reappointments: Patrick SOMERS, Odilia FESTJENS and Edwin…
  2. 30-06-2023Annual accounts filed
  3. 30-06-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Full-service restaurantsNACE 56111
Founded
10-10-1996
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
39
Purpose
“De uitbating van een restaurant en een traiteurhandel; De uitbating van een…” (deed in Dutch)
Go to Articles of association

Key facts about HET MAGAZIJN

What is the company number of HET MAGAZIJN?
0458.977.571. In Belgium the VAT number is the company number with BE in front: BE 0458.977.571.
Where is HET MAGAZIJN based?
The registered office is at Korenstraat 2, 3740 Bilzen-Hoeselt.Company details
What does HET MAGAZIJN do?
According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of HET MAGAZIJN?
Public limited company (NV).
When was HET MAGAZIJN founded?
On 10-10-1996.
Is HET MAGAZIJN still active?
Yes, HET MAGAZIJN is an active enterprise in the KBO register.
How many employees does HET MAGAZIJN have?
On average 6.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HET MAGAZIJN?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is HET MAGAZIJN profitable?
In financial year 2025, HET MAGAZIJN made a profit of €41,546.
Where can I find the annual accounts of HET MAGAZIJN?
HET MAGAZIJN filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HET MAGAZIJN due?
By 31-07-2027, for financial year 2026.Timeline

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