Equity
ABExpress has made a profit without a break since 2019.
ABExpress has made a profit without a break since 2019.
The micro format states no turnover.
Green is investment, beige is depreciation.
The dashed line is the sector median: 0.9% across 7,709 companies (NACE 81, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 81, micro). It does better than 52% of them on solvency, 88% on liquidity and 62% on profitability.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as ABExpress has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of ABExpress itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for ABExpress. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.79 (2.16 in 2023), above the usual 1.5. Short-term debt is 29.9% and cash 44.2% of total assets. However, 56.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 81), the median for financial year 2023 was on the deadline day, and 45% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ABExpress Ghent | €287,348 | €153,821 | 43.7% | - |
| KCS CLEANING Brussels | €299,513 | €157,977 | 69.2% | - |
| SCYLLA SERVICES Froidchapelle | €294,627 | €144,059 | 10.0% | - |
| SOMAN SERVICES Sint-Pieters-Leeuw | €305,002 | €129,011 | 79.9% | - |
| VALÉRIE CLEANING SERVICES Mont-Saint-Guibert | €322,138 | €144,158 | 21.1% | - |
| 3D CLEANING Ixelles | €311,076 | €123,535 | 58.5% | - |
| CLEANING PROJECTS Boom | €292,464 | €120,400 | 82.9% | - |
These companies have the same main activity as ABExpress: other building cleaning and industrial cleaning (NACE 81220). They are comparable in size and age: total assets between €292,000 and €322,000, founded between 2007 and 2010.
ABExpress files the micro format. That format states no turnover. The gross margin rose from €113,153 in 2009 to €153,821 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €520,000. Estimated: probably between €300,000 and €900,000.
Higher than 54% of 5,725 companies in 2025.
Higher than 59% of 5,586 companies in 2025.
Higher than 58% of 5,612 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 2 people left.
| Line | Trend | 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
287,348 | 211,149 | 171,234 | 171,162 | 114,137 | 132,582 | 156,881 | 176,319 | 179,196 | 149,249 | 157,212 | 172,777 | 177,217 | 205,670 | 234,242 | 253,518 | |
21/28 |
133,471 | 105,904 | 98,837 | 113,781 | 84,250 | 105,197 | 125,551 | 142,035 | 152,187 | 119,732 | 131,935 | 142,278 | 153,290 | 166,160 | 164,190 | 185,206 | |
21 |
948 | 1,245 | 1,393 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
132,323 | 104,459 | 97,243 | 113,581 | 84,050 | 104,997 | 125,551 | 142,035 | 152,187 | 119,732 | 131,935 | 141,278 | 152,290 | 165,160 | 163,190 | 181,206 | |
22 |
37,097 | 54,597 | 63,980 | 73,364 | 82,748 | 92,283 | 101,818 | 105,906 | 105,666 | 115,202 | 124,737 | 127,935 | 136,837 | 145,738 | 153,125 | 161,875 | |
23 |
14,042 | 10,897 | 9,826 | 12,308 | 646 | 1,772 | 2,871 | 4,398 | 6,512 | 4,372 | 4,202 | 5,754 | 5,013 | 5,826 | 6,949 | 8,401 | |
24 |
81,184 | 38,965 | 23,437 | 27,909 | 657 | 10,943 | 20,863 | 31,731 | 40,009 | 158 | 2,997 | 7,589 | 10,440 | 13,596 | 3,116 | 10,930 | |
28 |
200 | 200 | 200 | 200 | 200 | 200 | - | - | - | - | - | 1,000 | 1,000 | 1,000 | 1,000 | 4,000 | |
29/58 |
153,877 | 105,246 | 72,397 | 57,380 | 29,887 | 27,385 | 31,330 | 34,284 | 27,009 | 29,517 | 25,277 | 30,498 | 23,927 | 39,511 | 70,052 | 68,312 | |
40/41 |
24,859 | 12,169 | 12,087 | 8,453 | 10,101 | 16,444 | 16,941 | 14,799 | 19,287 | 15,833 | 23,031 | 29,979 | 23,927 | 39,511 | 67,389 | 68,238 | |
40 |
24,764 | 11,090 | 8,495 | 8,331 | 7,514 | 15,807 | 16,904 | 14,713 | 13,867 | 15,748 | 22,958 | 29,234 | 22,235 | 38,443 | 67,385 | 55,741 | |
41 |
94 | 1,078 | 3,592 | 122 | 2,588 | 637 | 38 | 86 | 5,420 | 85 | 74 | 745 | 1,692 | 1,067 | 4 | 12,497 | |
54/58 |
127,007 | 90,798 | 59,636 | 48,841 | 16,713 | 8,298 | 12,391 | 17,548 | 7,202 | 13,685 | 1,496 | - | - | - | 2,663 | - | |
490/1 |
2,011 | 2,279 | 674 | 86 | 3,072 | 2,643 | 1,998 | 1,936 | 520 | - | 749 | 519 | - | - | - | 73 | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
287,348 | 211,149 | 171,234 | 171,162 | 114,137 | 132,582 | 156,881 | 176,319 | 179,196 | 149,249 | 157,212 | 172,777 | 177,217 | 205,670 | 234,242 | 253,518 | |
10/15 |
125,691 | 78,346 | 48,159 | 38,196 | 2,477 | 1,801 | -1,762 | -1,212 | 5,763 | 8,184 | 1,697 | -3,549 | -26,038 | -12,679 | -16,395 | -24,118 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
107,091 | 59,746 | 29,559 | 19,596 | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
21,050 | 15,577 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
86,041 | 44,169 | 29,559 | 19,596 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
0 | 0 | - | 0 | -16,123 | -16,799 | -20,362 | -19,812 | -12,837 | -10,416 | -16,903 | -22,149 | -44,638 | -31,279 | -34,995 | -42,718 | |
17/49 |
161,657 | 132,803 | 123,075 | 132,966 | 111,660 | 130,781 | 158,643 | 177,531 | 173,434 | 141,065 | 155,515 | 176,326 | 203,255 | 218,349 | 250,637 | 277,636 | |
17 |
75,697 | 83,618 | 87,171 | 106,554 | 91,362 | 101,160 | 124,620 | 148,661 | 137,558 | 131,872 | 139,559 | 149,699 | 159,891 | 169,575 | 168,281 | 177,957 | |
170/4 |
75,697 | 83,618 | 87,171 | 106,554 | 91,362 | 101,160 | 124,620 | 148,661 | 137,558 | 131,872 | 139,559 | 149,699 | 159,891 | 169,575 | 168,281 | 177,957 | |
42/48 |
85,960 | 48,761 | 35,874 | 26,412 | 20,297 | 29,621 | 34,023 | 28,870 | 35,875 | 9,193 | 15,956 | 26,582 | 43,364 | 48,774 | 82,356 | 75,196 | |
42 |
37,101 | 26,582 | 19,383 | 18,637 | 14,684 | 23,459 | 24,041 | 23,594 | 13,231 | 7,687 | 10,140 | 10,192 | 9,684 | 11,177 | 11,062 | 18,673 | |
43 |
- | 0 | 15 | - | - | - | - | - | - | - | 730 | 700 | 8,794 | 4,653 | - | 11,389 | |
430/8 |
- | 0 | 15 | - | - | - | - | - | - | - | 730 | 700 | 8,794 | 4,653 | - | 11,389 | |
44 |
17,346 | 8,841 | 11,501 | 4,939 | 4,460 | 3,700 | 5,410 | 215 | 20,263 | 60 | 2,320 | 593 | 11,769 | 19,819 | 31,012 | 42,729 | |
440/4 |
17,346 | 8,841 | 11,501 | 4,939 | 4,460 | 3,700 | 5,410 | 215 | 20,263 | 60 | 2,320 | 593 | 11,769 | 19,819 | 31,012 | 42,729 | |
45 |
7,913 | 3,019 | 586 | 1,610 | 593 | 1,917 | 403 | 3,309 | 1,289 | 575 | 71 | 914 | 840 | 1,938 | 13,392 | 2,405 | |
450/3 |
1,991 | 1,948 | 586 | 610 | 35 | 1,917 | 403 | 2,559 | 539 | 575 | 71 | 914 | 840 | 1,938 | 13,392 | 2,405 | |
454/9 |
5,921 | 1,070 | 0 | 1,000 | 558 | - | - | 750 | 750 | - | - | - | - | - | - | - | |
47/48 |
23,601 | 10,319 | 4,389 | 1,226 | 560 | 544 | 4,169 | 1,750 | 1,092 | 871 | 2,695 | 14,183 | 12,276 | 11,186 | 26,890 | - | |
492/3 |
- | 425 | 31 | - | - | - | - | - | - | - | - | 44 | - | - | - | 24,483 | |
| Income statement | |||||||||||||||||
76A |
- | - | - | 24,806 | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
153,821 | 114,397 | 54,114 | 68,724 | 47,005 | 41,001 | 33,285 | 25,989 | 29,084 | 36,787 | 42,563 | 49,407 | 13,306 | 35,527 | 44,268 | 113,153 | |
62 |
72,169 | 39,008 | 8,740 | 1,927 | 6,220 | 5,436 | - | - | - | - | - | - | 182 | - | 3,265 | 68,042 | |
630 |
34,960 | 23,681 | 18,808 | 17,217 | 20,947 | 21,249 | 22,121 | 21,764 | 22,243 | 14,088 | 13,988 | 14,167 | 13,292 | 15,764 | 18,052 | 56,888 | |
631/4 |
- | - | - | 0 | -16,000 | - | - | - | - | 6,000 | 10,000 | - | - | - | - | - | |
640/8 |
2,413 | 1,913 | 1,618 | 1,970 | 27,807 | 2,096 | 1,911 | 2,677 | 665 | 1,374 | 4,420 | 1,490 | 2,813 | 7,676 | 2,597 | 12,763 | |
66A |
- | 0 | 404 | 29 | - | - | - | - | - | - | - | - | - | - | - | 423 | |
9901 |
44,279 | 49,795 | 24,545 | 47,580 | 8,031 | 12,219 | 9,253 | 1,547 | 6,177 | 15,325 | 14,155 | 33,750 | -2,981 | 12,086 | 20,354 | -24,540 | |
75/76B |
3,340 | 656 | 501 | 1 | 465 | 258 | 24 | 1 | - | 15 | 55 | 15 | 0 | 2,085 | 197 | - | |
75 |
3,340 | 656 | 1 | 1 | 465 | 258 | 24 | 1 | - | 15 | 55 | 15 | 0 | 2,085 | 197 | - | |
76B |
- | 0 | 500 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
5,663 | 5,819 | 5,579 | 6,181 | 6,493 | 6,984 | 7,772 | 8,173 | 8,183 | 8,361 | 8,963 | 11,276 | 10,329 | 10,455 | 12,828 | 17,755 | |
65 |
5,663 | 5,819 | 5,579 | 6,181 | 6,493 | 6,984 | 7,772 | 8,173 | 8,183 | 8,361 | 8,963 | 11,276 | 10,329 | 10,455 | 12,828 | 17,755 | |
9903 |
41,955 | 44,632 | 19,467 | 41,400 | 2,003 | 5,493 | 1,505 | -6,625 | -2,006 | 6,978 | 5,247 | 22,489 | -13,310 | 3,717 | 7,723 | -42,718 | |
67/77 |
12,252 | 13,612 | 9,504 | 5,682 | 1,435 | 1,930 | 2,054 | 350 | 415 | 492 | - | - | 49 | - | - | - | |
9904 |
29,703 | 31,020 | 9,963 | 35,719 | 569 | 3,563 | -550 | -6,975 | -2,421 | 6,486 | 5,247 | 22,489 | -13,359 | 3,717 | 7,723 | -42,718 | |
689 |
0 | 15,577 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
29,703 | 15,443 | 9,963 | 35,719 | 569 | 3,563 | -550 | -6,975 | -2,421 | 6,486 | 5,247 | 22,489 | -13,359 | 3,717 | 7,723 | -42,718 | |
| Appropriation of the result | |||||||||||||||||
9906 |
29,703 | 15,443 | 9,963 | 19,596 | -16,123 | -16,799 | -20,362 | -19,812 | -12,837 | -10,416 | -16,903 | -22,149 | -44,638 | -31,279 | -34,995 | -42,718 | |
14P |
- | - | 0 | -16,123 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
19,596 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
29,703 | 14,610 | 9,963 | 19,596 | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
29,703 | 14,610 | 9,963 | 19,596 | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
19,596 | 833 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
19,596 | 833 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||
9087 |
1.4 | 0.9 | 0.3 | 0.1 | 0.2 | 0.2 | - | - | - | - | - | - | - | - | - | 2.6 | |
Hours worked1013 |
1,893 | 1,483 | 360 | 46 | 240 | 243 | - | - | - | - | - | - | - | - | - | 3,811 | |
| Document | |||||||||||||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00438265.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00438265 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00190646 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00176289 | |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20125259 | |
| 31-12-2020 | micro format | 19-07-2021 | 2021-37400212 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-25300145 | |
| 31-12-2018 | micro format | 22-07-2019 | 2019-39000012 | |
| 31-12-2017 | micro format | 24-07-2018 | 2018-37800318 | |
| 31-12-2016 | micro format | 27-07-2017 | 2017-37800395 | |
| 31-12-2015 | abbreviated format | 22-06-2016 | 2016-20700473 | |
| 31-12-2014 | abbreviated format | 22-06-2015 | 2015-20300417 | |
| 31-12-2013 | abbreviated format | 20-06-2014 | 2014-19400135 | |
| 31-12-2012 | abbreviated format | 26-06-2013 | 2013-21700594 | |
| 31-12-2011 | abbreviated format | 18-06-2012 | 2012-18300307 | |
| 31-12-2010 | abbreviated format | 23-06-2011 | 2011-21000553 | |
| 31-12-2009 | abbreviated format | 08-09-2010 | 2010-54000394 |
| Line | Trend | 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 79,240 | 73,476 | 43,353 | 64,797 | 28,978 | 33,468 | 31,374 | 23,311 | 28,419 | 29,413 | 28,142 | 47,917 | 10,311 | 27,851 | 38,405 | 32,348 | ||
| 64,664 | 54,702 | 28,770 | 52,935 | 21,516 | 24,812 | 21,571 | 14,790 | 19,822 | 20,575 | 19,234 | 36,656 | -68 | 19,481 | 25,775 | 14,170 | ||
| 85,592 | 30,748 | 4,267 | 47,108 | 0 | 895 | 5,214 | 11,612 | 54,698 | 1,885 | 6,812 | 3,155 | 422 | 17,734 | 35 | 260,643 | ||
| - | 31,162 | 10,795 | 32,128 | 8,416 | -4,093 | -5,157 | 10,346 | -6,482 | 12,188 | - | - | - | - | - | - | ||
| 67,917 | 56,485 | 36,523 | 30,969 | 9,589 | -2,236 | -2,693 | 5,414 | -8,866 | 20,324 | 9,321 | 3,916 | -19,437 | -9,263 | -12,304 | -6,884 | ||
| 43.7% | 37.1% | 28.1% | 22.3% | 2.2% | 1.4% | -1.1% | -0.7% | 3.2% | 5.5% | 1.1% | -2.1% | -14.7% | -6.2% | -7.0% | -9.5% | ||
| 1.79 | 2.16 | 2.02 | 2.17 | 1.47 | 0.92 | 0.92 | 1.19 | 0.75 | 3.21 | 1.58 | 1.15 | 0.55 | 0.81 | 0.85 | 0.91 | ||
| 1.29 | 1.70 | 2.56 | 3.48 | 45.07 | 72.62 | - | - | 30.10 | 17.24 | 91.62 | - | - | - | - | - | ||
| 23.6% | 39.6% | 20.7% | 93.5% | 23.0% | 197.8% | - | - | -42.0% | 79.3% | 309.1% | - | - | - | - | - | ||
| 10.3% | 14.7% | 5.8% | 20.9% | 0.5% | 2.7% | -0.4% | -4.0% | -1.4% | 4.3% | 3.3% | 13.0% | -7.5% | 1.8% | 3.3% | -16.9% | ||
| 13.99 | 12.63 | 7.77 | 10.48 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 0 | 1 | 1 | - |
| full-time | 0 | 1 | 0 | - |
| part-time | 0 | 0 | 1 | - |
| in full-time equivalents | 0 | 1 | 0.9 | - |
| 1.4 | 0.9 | 0.2 | 0.1 | |
| On a permanent contract | 0 | 1 | 1 | - |
| Joined | 0 | - | 1 | 0 |
| Left | 2 | - | 0 | 1 |
| Training hours | 0 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €85,592 | €30,748 | €2,782 | €47,108 |
| Intangible fixed assets | - | - | €1,485 | - |
| Financial fixed assets | €0 | - | - | - |
| €34,960 | €23,681 | €18,808 | €17,217 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is €44,279, against €49,795 in 2023. Comparable figures for the intervening years are unavailable.
Debt's share of the balance-sheet total is 56.3%.
ABExpress has no parent and no holdings in its annual accounts. Alain Bogaert is the only director. ABExpress shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 17 July 2008, ABExpress was incorporated.1 Alain Bogaert is director of the company, appointed by deed of 20-11-2023.2 Total assets went from €156,881 in 2018 to €287,348 in 2025 and headcount from 0.2 full-time equivalents in 2019 to 1.4 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Bollewerkstraat 79 registered office 9031 Ghent 49410 Freight transport by road | 14-07-2008 | 2.173.946.776 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44017C0969/00Y000 | 362 m² | 1 · 96 m² | 8.0 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0899.349.356
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