MAGRE
ActiveSummary
The computed 12-month bankruptcy probability of MAGRE is 4.1% (elevated). The 2025 annual accounts show negative equity (€-43k) and a net result of €2k. Equity is shrinking by ~27% per year across the filed fiscal years. Its solvency ranks better than 5% of 13306 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+67
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.24 in 2024; short-term debt: 213.1% and cash: 45.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-301.5%
Return on assets
11.9%
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 13306 sector peers (2025).
NBB · sector comparisonPosition among 13306 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
50 d early
2023
48 d late
2022
23 d late
2021
4 d late
2020
7 d late
2019
4 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-43k▲ 3.8%
2024 · €-45k
2018: €21k
2019: €12k
2020: €-15k
2021: €-26k
2022: €-42k
2023: €-43k
2024: €-45k
2018 → 2025
Total assets
€14k▲ 4.0%
2024 · €14k
2018: €23k
2019: €20k
2020: €17k
2021: €23k
2022: €11k
2023: €12k
2024: €14k
2018 → 2025
Net result
€2k
2024 · €-2k
2018: €-3k
2019: €-9k
2020: €-27k
2021: €-27k
2022: €-15k
2023: €-1k
2024: €-2k
2018 → 2025
Working capital
€-22k▲ 7.1%
2024 · €-24k
2018: €6k
2019: €10k
2020: €-15k
2021: €-6k
2022: €-21k
2023: €-22k
2024: €-24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-26k-€-42k▼ 57.3%€-43k▼ 2.4%€-45k▼ 5.5%€-43k▲ 3.8%
Operating result€-11k-€-15k▼ 34.7%€-874▲ 94.1%€-2k▼ 115%€2k
Net result€-27k-€-15k▲ 43.2%€-1k▲ 93.4%€-2k▼ 132%€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14k
Fixed assets
€6k=
Current assets
€8k▲ 7.2%
Key figures and ratios
Solvency
-301.5%▲
2024 · -325.8%
Current ratio
0.27▲
2024 · 0.24
Quick ratio
0.21▲
2024 · 0.19
Debt / equity
-1.33▼
2024 · -1.31
ROA
11.9%▲
2024 · -16.9%
Debt
€58k▼
2024 · €59k
Debt ≤ 1 year
€31k▼
2024 · €32k
Debt > 1 year
€27k=
2024 · €27k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€14k€14k▲
Fixed assets21/28€6k€6k=
Financial fixed assets28€6k€6k=
Current assets29/58€8k€8k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Cash at bank and in hand54/58€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€14k€14k▲
Equity10/15€-45k€-43k▲
Contributions10/11€20k€20k=
Reserves13€23k€23k=
Tax-exempt reserves132€23k€23k=
Profit (loss) carried forward14€-88k€-86k▲
Amounts payable17/49€59k€58k▼
Amounts payable after more than one year17€27k€27k=
Financial debts170/4€27k€27k=
Amounts payable within one year42/48€32k€31k▼
Trade debts44€5k€9k▲
Suppliers440/4€5k€9k▲
Taxes, remuneration and social security45€3k€433▼
Taxes450/3€3k€433▼
Other amounts payable47/48€24k€22k▼
Income statement
Code20242025
Other operating charges640/8€887€66▼
Gross operating margin9900€-994€2k▲
Operating profit (loss)9901€-2k€2k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€448€381▼
Recurring financial charges65€448€381▼
Profit (loss) for the period before taxes9903€-2k€2k▲
Profit (loss) for the period9904€-2k€2k▲
Profit (loss) for the period to be appropriated9905€-2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-88k€-86k▲
Profit (loss) brought forward from the previous period14P€-86k€-88k▼
The notes to these accounts (5 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after 7 loss-making years.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
07-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 7 days late
2020
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 10 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Pieters-Woluwe · 1 establishment unit since 2012
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.
Konkelstraat 41150 Sint-Pieters-WoluweGround area
134 m²
Building footprint
53 m²
Volume, LiDAR
201 m³
Parcel 21683D0344/00V004, Brussels · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Magre
since 20122.214.933.830
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0344/00V004 | Brussels | 134 m² | 1 · 53 m² | 7.8 m · 1 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
Food safety, FASFC
1 siteSint-Pieters-Woluwe2.214.933.830
Similar companies · same sector, comparable size
June
BE 1004.471.226
Oosterzele · Eq €12k
SONYOU
BE 0778.249.509
Elsene · Eq €12k
DUYGU
BE 0461.964.478
Schaarbeek · Eq €12k
Iscom
BE 0777.340.776
Laarne · Eq €12k
LORANP
BE 0689.751.756
Anderlecht · Eq €12k
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 7,601 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-11-2012
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.