Financials
- Fiscal year
- 2025
- Total assets
- €240,860
- Loss
- -€36,877
- Solvency
- -12.8%
Total assets▼ 18.3%
Net result
20182025
MAGIC LAGOON
ActiveSummary
The computed 12-month bankruptcy probability of MAGIC LAGOON is 2.7% (moderate). The 2025 annual accounts show negative equity (-€30,841) and a net result of -€36,877. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 15408 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Nightclubs
NACE 56302
#4 oldest company in Soignies, Accommodation and food service sector2 sites
Size
€240,860total assets 2025
- Staff
- 5.5 FTE
- Equity
- -€30,841
- Loss
- -€36,877
Structure
Accounts filed 27 d late0 of 2 deeds read
Why 49- Sector Food and beverage service activities (NACE 56)- Loss of €36,877, the second in a row (FY 2025)- Negative equity -€30,841+ Size: total assets €240,860Show the evidence
Checked score
Score 2025
49
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 15% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
12-15
equity -12.8% of total assets
Liquidity
1=
short-term debt 112.8% · cash 1.0%
Profitability
50+50
return on assets -15.3%
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.7%
12-2024: 3.7%● 0.0% vs 11-2024
01-2025: 3.6%▼ -1.4% vs 12-2024
02-2025: 3.6%● 0.0% vs 01-2025
03-2025: 3.6%▼ -0.5% vs 02-2025
04-2025: 3.6%▼ -0.1% vs 03-2025
05-2025: 3.5%▼ -2.0% vs 04-2025
06-2025: 3.4%▼ -2.5% vs 05-2025
07-2025: 2.8%▼ -18.5% vs 06-2025
08-2025: 2.8%● 0.0% vs 07-2025
09-2025: 2.8%● 0.0% vs 08-2025
10-2025: 2.8%● 0.0% vs 09-2025
11-2025: 2.8%● 0.0% vs 10-2025
12-2025: 2.8%● 0.0% vs 11-2025
01-2026: 2.8%▼ -1.5% vs 12-2025
02-2026: 2.8%● 0.0% vs 01-2026
03-2026: 2.7%▼ -0.5% vs 02-2026
04-2026: 2.7%▼ -0.1% vs 03-2026
05-2026: 2.7%▼ -0.6% vs 04-2026
06-2026: 2.7%▼ -2.6% vs 05-2026lowest value
07-2026: 2.9%▲ +8.3% vs 06-2026
08-2026: 3.8%▲ +30.5% vs 07-2026highest value
09-2026: 2.7%▼ -27.7% vs 08-2026
10-2026: 2.7%● 0.0% vs 09-2026
- Sector Food and beverage service activities (NACE 56) raises the probability
- Size: total assets €240,860 lowers the probability for this profile
- Loss of €36,877, the second in a row (FY 2025) raises the probability
- Negative equity -€30,841 raises the probability
No credit on open account
Liquidity short (current ratio 0.04 against 0.04 in 2024; short-term debt: 112.8% and cash: 1% of total assets), and equity is negative.
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 56, micro). Better than this share of them on solvency 21%, liquidity 3%, profitability 36%, growth against the median 1%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€30,841
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
48 d early
2023
29 d late
2022
66 d late
2021
24 d late
2020
41 d late
2019
101 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 34 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
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. Usually files around 27 August (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 27-08-2026Annual accounts filed
- 13-06-2025Annual accounts filed
- 29-08-2024Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Private limited company (pre-2019)
- Activity
- NightclubsNACE 56302
- Founded
- 26-09-1988
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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