MAGIC SERVICES
ActiveMAGIC SERVICES has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.67M and a net result of €18k. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 7427 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability5▲+5
Solvency67▲+1
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.45 in 2023), and 32.7% 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
67.3%
Return on assets
0.7%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
57 d early
2022
28 d early
2021
61 d early
2020
17 d late
2019
87 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.67M▲ 1.1%
2023 · €1.65M
2018: €2.19M
2019: €2.29M
2020: €2.41M
2021: €2.42M
2022: €1.66M
2023: €1.65M
2018 → 2024
Total assets
€2.48M▼ 2.7%
2023 · €2.55M
2018: €2.20M
2019: €2.35M
2020: €2.47M
2021: €2.46M
2022: €2.66M
2023: €2.55M
2018 → 2024
Net result
€18k
2023 · €-11k
2018: €-6k
2019: €102k
2020: €119k
2021: €10k
2022: €444k
2023: €-11k
2018 → 2024
Working capital
€-444k▲ 3.2%
2023 · €-458k
2018: €16k
2019: €120k
2020: €239k
2021: €249k
2022: €-506k
2023: €-458k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.41M-€2.42M▲ 0.4%€1.66M▼ 31.3%€1.65M▼ 0.6%€1.67M▲ 1.1%
Operating result€161k-€4k▼ 97.3%€9k▲ 119%€-14k€26k
Net result€119k-€10k▼ 91.8%€444k▲ 4,449%€-11k€18k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €26k after a loss of €14k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.48M
Fixed assets
€2.17M=
Current assets
€312k▼ 18.1%
Equity and liabilities €2.48M
Equity
€1.67M▲ 1.1%
Debt
€811k▼ 9.6%
The debt ratio falls from 35.2% to 32.7%: equity grows while debt is paid down.
Key figures and ratios
Solvency
67.3%▲
2023 · 64.8%
Current ratio
0.41▼
2023 · 0.45
Quick ratio
0.41▼
2023 · 0.45
Debt / equity
0.49▼
2023 · 0.54
ROE
1.1%▲
2023 · -0.6%
ROA
0.7%▲
2023 · -0.4%
Debt
€811k▼
2023 · €898k
Debt ≤ 1 year
€756k▼
2023 · €839k
Debt > 1 year
€56k▼
2023 · €59k
Income taxes
€7k▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.55M€2.48M▼
Fixed assets21/28€2.17M€2.17M=
Financial fixed assets28€2.17M€2.17M=
Current assets29/58€381k€312k▼
Amounts receivable within one year40/41€380k€310k▼
Trade receivables40€0-
Other amounts receivable41€380k€310k▼
Cash at bank and in hand54/58€922€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.55M€2.48M▼
Equity10/15€1.65M€1.67M▲
Contributions10/11€1.09M€1.09M=
Reserves13€556k€574k▲
Distributable reserves133€556k€574k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€898k€811k▼
Amounts payable after more than one year17€59k€56k▼
Financial debts170/4€59k€56k▼
Amounts payable within one year42/48€839k€756k▼
Current portion of amounts payable after more than one year42€1k€23k▲
Trade debts44€2k€133▼
Suppliers440/4€2k€133▼
Taxes, remuneration and social security45€48k€6k▼
Taxes450/3€48k€6k▼
Other amounts payable47/48€788k€727k▼
Income statement
Code20232024
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-13k€27k▲
Operating profit (loss)9901€-14k€26k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€546€4k▲
Recurring financial charges65€546€4k▲
Profit (loss) for the period before taxes9903€-11k€25k▲
Income taxes67/77€0€7k▲
Profit (loss) for the period9904€-11k€18k▲
Profit (loss) for the period to be appropriated9905€-11k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€18k▲
Transfer from equity791/2€11k€0▼
Transfer to equity691/2€0€18k▲
To other reserves6921€0€18k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-11k ▼102%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €444k ▲4449%
Net result €444k, the highest in the series.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
31-12
Financial
Back to profitnet €102k
Net result €102k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 65 days late
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, Turnhout · 1 establishment unit since 2004
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.
Grotenhoutlaan 92300 TurnhoutGround area
1.2 ha
Building footprint
985 m²
Volume, LiDAR
5,254 m³
Parcel 13452M0745/00R000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Magic Services
since 20042.137.126.071
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452M0745/00R000 | Flanders | 1.2 ha | 1 · 985 m² | 8.2 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.
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M.S.B.
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Of 19,948 companies in sector 43320 we hold annual accounts for 9,082. 3,202 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-05-2004
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
33190Repair, maintenance and installation of machinery and equipment
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.