Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The result fell in 2025: the 2024 profit included a one-off income of €451,193.
The accounts state no turnover.
Of this, €1.2m falls due within a year.
Seven of the last ten came late. The 2019 accounts came latest: 31 days after the end of the period.
In July 2024, 3,795 companies had the same profile as CODISCO has now. Each dot stands for 10 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,795 companies, not a prediction for CODISCO. 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.
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.
CODISCO files the micro format. That format states no turnover. The gross margin rose from €34,998 in 2006 to €74,936 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €150,000 and €390,000.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
426,798 | 378,510 | 387,281 | 514,556 | 562,971 | 611,531 | 616,620 | 671,814 | 677,371 | 699,120 | 745,989 | 768,823 | 767,668 | 783,328 | 773,207 | 803,004 | 805,675 | 830,337 | 861,740 | 895,986 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
21/28 |
325,774 | 336,004 | 366,066 | 396,127 | 426,189 | 456,251 | 486,312 | 516,374 | 546,436 | 573,353 | 603,100 | 633,309 | 678,070 | 721,447 | 722,089 | 751,836 | 785,200 | 822,323 | 850,242 | 885,393 | |
22/27 |
322,576 | 332,806 | 362,868 | 392,929 | 422,991 | 453,053 | 483,114 | 513,176 | 543,238 | 570,155 | 599,902 | 630,111 | 674,872 | 718,249 | 718,891 | 748,638 | 782,002 | 819,125 | 847,044 | 882,195 | |
22 |
322,576 | 332,806 | 362,868 | 392,929 | 422,991 | 453,053 | 483,114 | 513,176 | 543,238 | 570,155 | 599,902 | 630,111 | 674,872 | 718,249 | 718,891 | 748,638 | 782,002 | 819,078 | 846,950 | 882,055 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 47 | 94 | 141 | |
28 |
3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | 3,198 | |
29/58 |
101,024 | 42,506 | 21,215 | 118,429 | 136,782 | 155,280 | 130,307 | 155,440 | 130,936 | 125,767 | 142,889 | 135,514 | 89,597 | 61,881 | 51,118 | 51,167 | 20,475 | 8,014 | 11,498 | 10,593 | |
40/41 |
- | 0 | - | 86,549 | 86,549 | 86,549 | 86,549 | 86,549 | 86,549 | 86,549 | 86,549 | 86,549 | 84,549 | 58,406 | 48,106 | 43,819 | 15,000 | - | 34 | 34 | |
41 |
- | 0 | - | 86,549 | 86,549 | 86,549 | 86,549 | 86,549 | 86,549 | 86,549 | 86,549 | 86,549 | 84,549 | 58,406 | 48,106 | 43,819 | 15,000 | - | 34 | 34 | |
54/58 |
101,024 | 41,606 | 17,208 | 27,872 | 46,225 | 64,724 | 43,578 | 68,890 | 44,386 | 39,217 | 51,267 | 48,965 | 5,048 | 3,475 | 1,923 | 7,348 | 5,475 | 237 | 11,464 | 10,558 | |
490/1 |
- | 900 | 4,007 | 4,007 | 4,007 | 4,007 | 180 | - | - | - | 5,073 | - | - | - | 1,089 | - | - | 7,776 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
426,798 | 378,510 | 387,281 | 514,556 | 562,971 | 611,531 | 616,620 | 671,814 | 677,371 | 699,120 | 745,989 | 768,823 | 767,668 | 783,328 | 773,207 | 803,004 | 805,675 | 830,337 | 861,740 | 895,986 | |
10/15 |
-817,709 | -865,997 | -1.2m | -1.0m | -893,535 | -877,418 | -867,359 | -803,705 | -765,418 | -719,515 | -799,271 | -720,159 | -714,245 | -628,787 | -679,712 | -684,834 | -569,308 | -536,419 | -456,613 | -378,939 | |
10/11 |
353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | |
10 |
353,248 | 353,248 | 353,248 | 353,248 | 353,248 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | 353,248 | |
13 |
3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |
133 |
3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |
14 |
-1.2m | -1.2m | -1.6m | -1.4m | -1.2m | -1.2m | -1.2m | -1.2m | -1.1m | -1.1m | -1.2m | -1.1m | -1.1m | -982,038 | -1.0m | -1.0m | -922,559 | -889,670 | -809,864 | -732,190 | |
16 |
- | - | 451,193 | 487,729 | 494,989 | 560,265 | 624,261 | 673,000 | 700,000 | 726,000 | 862,759 | 837,630 | 907,075 | 880,655 | 938,977 | 989,021 | 960,215 | 1.0m | 972,330 | 1.0m | |
160/5 |
- | - | 451,193 | 487,729 | 494,989 | 560,265 | 624,261 | 673,000 | 700,000 | 726,000 | 862,759 | 837,630 | 907,075 | 880,655 | 938,977 | 989,021 | 960,215 | 1.0m | 972,330 | 1.0m | |
163 |
- | - | - | - | - | 560,265 | 624,261 | 673,000 | 700,000 | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
- | - | 451,193 | 487,729 | 494,989 | - | - | - | - | 726,000 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
1.2m | 1.2m | 1.1m | 1.1m | 961,517 | 928,684 | 859,717 | 802,519 | 742,789 | 692,635 | 682,502 | 651,352 | 574,837 | 531,459 | 513,942 | 498,817 | 414,768 | 365,256 | 346,023 | 268,948 | |
42/48 |
1.2m | 1.2m | 1.1m | 1.1m | 956,087 | 914,854 | 854,288 | 797,089 | 737,359 | 687,205 | 677,072 | 642,023 | 569,408 | 527,294 | 509,777 | 494,480 | 400,991 | 365,256 | 346,023 | 268,948 | |
43 |
- | - | 50,612 | 50,000 | 26,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | - | - | - | - | - | - | - | - | |
430/8 |
- | - | 50,612 | 50,000 | 26,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | - | - | - | - | - | - | - | - | |
44 |
- | - | - | - | - | - | - | - | 641 | - | 7,582 | 5,763 | 2,507 | 1,494 | - | - | - | 1,029 | - | - | |
440/4 |
- | - | - | - | - | - | - | - | 641 | - | 7,582 | 5,763 | 2,507 | 1,494 | - | - | - | 1,029 | - | - | |
47/48 |
1.2m | 1.2m | 1.1m | 1.0m | 930,087 | 874,854 | 814,288 | 757,089 | 696,718 | 647,205 | 629,491 | 596,259 | 566,901 | 525,799 | 509,777 | 494,480 | 400,991 | 364,228 | 346,023 | 268,948 | |
492/3 |
5,430 | 5,430 | 5,430 | 5,430 | 5,430 | 13,830 | 5,430 | 5,430 | 5,430 | 5,430 | 5,430 | 9,330 | 5,430 | 4,166 | 4,166 | 4,337 | 13,778 | - | - | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 38,058 | |
76A |
- | 451,193 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
74,936 | 519,636 | 8,241 | 42,002 | 107,510 | 102,650 | 79,619 | 102,147 | 98,860 | 109,365 | 109,555 | 107,524 | 120,473 | 169,797 | 105,957 | 63,778 | 80,724 | 100,894 | 33,260 | 34,998 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,060 | |
630 |
10,230 | 30,062 | 30,062 | 30,062 | 30,062 | 30,062 | 30,062 | 30,062 | 30,062 | 29,747 | 30,209 | 44,761 | 44,761 | 44,300 | 29,747 | 33,364 | 37,123 | 38,768 | 35,151 | 36,706 | |
635/8 |
- | - | -36,536 | -7,260 | -65,276 | -63,996 | -48,739 | -27,000 | -26,000 | -136,759 | 25,129 | -69,445 | 26,420 | -58,321 | -50,044 | 28,806 | -41,285 | 29,170 | -33,648 | -27,813 | |
640/8 |
15,231 | 24,075 | 31,500 | 8,367 | 18,750 | 13,910 | 31,585 | 5,941 | 17,026 | 15,994 | 14,073 | 17,397 | 16,406 | 15,183 | 9,441 | 8,655 | 9,519 | 7,328 | 7,189 | 7,010 | |
9901 |
49,476 | 465,500 | -16,784 | 10,833 | 123,975 | 122,675 | 66,710 | 93,144 | 77,772 | 200,382 | 40,144 | 114,811 | 32,886 | 168,635 | 116,813 | -7,046 | 75,367 | 25,628 | 24,568 | 19,095 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5 | 172 | - | - | 14 | - | - | |
75 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5 | 172 | - | - | 14 | - | - | |
65/66B |
1,188 | 120,571 | 156,941 | 154,499 | 140,092 | 132,734 | 130,364 | 131,432 | 123,675 | 120,626 | 119,257 | 120,726 | 118,343 | 117,714 | 111,864 | 108,480 | 108,256 | 105,448 | 102,241 | 100,590 | |
65 |
1,188 | 120,571 | 156,941 | 154,499 | 140,092 | 132,734 | 130,364 | 131,432 | 123,675 | 120,626 | 119,257 | 120,726 | 118,343 | 117,714 | 111,864 | 108,480 | 108,256 | 105,448 | 102,241 | 100,590 | |
9903 |
48,288 | 344,929 | -173,725 | -143,666 | -16,117 | -10,059 | -63,654 | -38,287 | -45,902 | 79,756 | -79,112 | -5,915 | -85,457 | 50,925 | 5,122 | -115,527 | -32,889 | -79,806 | -77,674 | -81,495 | |
9904 |
48,288 | 344,929 | -173,725 | -143,666 | -16,117 | -10,059 | -63,654 | -38,287 | -45,902 | 79,756 | -79,112 | -5,915 | -85,457 | 50,925 | 5,122 | -115,527 | -32,889 | -79,806 | -77,674 | -81,495 | |
9905 |
48,288 | 344,929 | -173,725 | -143,666 | -16,117 | -10,059 | -63,654 | -38,287 | -45,902 | 79,756 | -79,112 | -5,915 | -85,457 | 50,925 | 5,122 | -115,527 | -32,889 | -79,806 | -77,674 | -81,495 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-1.2m | -1.2m | -1.6m | -1.4m | -1.2m | -1.2m | -1.2m | -1.2m | -1.1m | -1.1m | -1.2m | -1.1m | -1.1m | -982,038 | -1.0m | -1.0m | -922,559 | -889,670 | -809,864 | -732,190 | |
14P |
-1.2m | -1.6m | -1.4m | -1.2m | -1.2m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 26 older financial years (1977-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 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 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00464678.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00464678 | |
| 31-12-2024 | full format | 29-07-2025 | 2025-00321988 | |
| 31-12-2023 | full format | 01-07-2024 | 2024-00186195 | |
| 31-12-2022 | full format | 08-07-2023 | 2023-00217146 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20363588 | |
| 31-12-2020 | full format | 30-08-2021 | 2021-56000427 | |
| 31-12-2019 | full format | 31-08-2020 | 2020-47000257 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-55500592 | |
| 31-12-2017 | micro format | 06-08-2018 | 2018-43100330 | |
| 31-12-2016 | micro format | 16-08-2017 | 2017-44000580 | |
| 31-12-2015 | full format | 17-08-2016 | 2016-43100355 | |
| 31-12-2014 | full format | 25-08-2015 | 2015-47100130 | |
| 31-12-2013 | full format | 12-08-2014 | 2014-41400174 | |
| 31-12-2012 | full format | 19-08-2013 | 2013-43300579 | |
| 31-12-2011 | full format | 07-08-2012 | 2012-38900270 | |
| 31-12-2010 | full format | 19-08-2011 | 2011-41300277 | |
| 31-12-2009 | full format | 19-08-2010 | 2010-42400580 | |
| 31-12-2008 | full format | 10-08-2009 | 2009-55800270 | |
| 31-12-2007 | full format | 28-08-2008 | 2008-66600055 | |
| 31-12-2006 | full format | 20-08-2007 | 2007-58300237 | |
| 31-12-2005 | full format | 02-08-2006 | 2006-60003439 | |
| 31-12-2004 | full format | 22-09-2005 | 2005-69802201 | |
| 31-12-2003 | full format | 28-09-2004 | 2004-67800744 | |
| 31-12-2002 | full format | 11-09-2003 | 2003-65804368 | |
| 31-12-2001 | full format | 18-10-2002 | 2002-66704114 | |
| 31-12-2000 | full format | 28-09-2001 | 2001-59703724 | |
| 31-12-1999 | full format | 28-09-2000 | 2000-59203909 | |
| 31-12-1998 | full format | 18-10-1999 | 1999-53701909 | |
| 31-12-1997 | full format | 17-11-1998 | 1998-57603050 | |
| 31-12-1996 | full format | 12-01-1998 | 1998-00605024 | |
| 31-12-1995 | full format | 28-10-1996 | 1996-49003373 | |
| 31-12-1994 | full format | 05-02-1997 | 1997-01603827 | |
| 31-12-1993 | full format | 05-02-1997 | 1997-01603839 | |
| 31-12-1989 | full format | 02-08-1990 | 1990-20401355 | |
| 31-12-1988 | full format | 22-05-1989 | 1989-04601674 | |
| 31-12-1987 | full format | 09-06-1988 | 1988-07003878 | |
| 31-12-1986 | full format | 04-06-1987 | 1987-08500787 | |
| 31-12-1985 | full format | 29-05-1986 | 1986-09202085 | |
| 31-12-1984 | full format | 14-06-1985 | 1985-11301131 | |
| 31-12-1983 | unclassified schema | 04-07-1984 | 1984-08902117 | |
| 31-12-1982 | unclassified schema | 14-06-1983 | 1983-05500352 | |
| 31-12-1981 | unclassified schema | 22-06-1982 | 1982-06200112 | |
| 31-12-1980 | unclassified schema | 03-06-1981 | 1981-04201021 | |
| 31-12-1979 | unclassified schema | 12-06-1980 | 1980-05200536 | |
| 31-12-1978 | unclassified schema | 18-06-1979 | 1979-05601693 | |
| 31-12-1977 | unclassified schema | 02-06-1978 | 1978-01501628 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 59,706 | 495,561 | 13,278 | 40,895 | 154,037 | 152,737 | 96,772 | 123,206 | 107,834 | 230,130 | 70,353 | 159,573 | 77,647 | 212,935 | 146,561 | 26,317 | 112,490 | 64,396 | 59,719 | 55,801 | ||
| 58,518 | 374,990 | -143,663 | -113,604 | 13,945 | 20,003 | -33,592 | -8,226 | -15,841 | 109,503 | -48,904 | 38,847 | -40,696 | 95,225 | 34,869 | -82,163 | 4,234 | -41,038 | -42,522 | -44,790 | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,144 | 0 | 0 | 0 | 1,384 | 43,658 | 0 | 0 | 0 | 10,849 | 0 | 4,590 | ||
| 59,418 | 24,398 | -10,664 | -18,353 | -18,499 | 21,146 | -25,313 | 24,504 | 5,169 | -12,049 | 2,302 | 43,917 | 1,573 | 1,552 | -5,425 | 1,873 | 5,238 | -11,226 | 905 | - | ||
| -1.1m | -1.2m | -1.1m | -940,169 | -819,305 | -759,574 | -723,980 | -641,649 | -606,424 | -561,439 | -534,183 | -506,509 | -479,810 | -465,413 | -458,659 | -443,313 | -380,515 | -357,242 | -334,525 | -258,355 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50.2% | ||
| -191.6% | -228.8% | -312.7% | -201.6% | -158.7% | -143.5% | -140.7% | -119.6% | -113.0% | -102.9% | -107.1% | -93.7% | -93.0% | -80.3% | -87.9% | -85.3% | -70.7% | -64.6% | -53.0% | -42.3% | ||
| 0.08 | 0.03 | 0.02 | 0.11 | 0.14 | 0.17 | 0.15 | 0.20 | 0.18 | 0.18 | 0.21 | 0.21 | 0.16 | 0.12 | 0.10 | 0.10 | 0.05 | 0.02 | 0.03 | 0.04 | ||
| 11.3% | 91.1% | -44.9% | -27.9% | -2.9% | -1.6% | -10.3% | -5.7% | -6.8% | 11.4% | -10.6% | -0.8% | -11.1% | 6.5% | 0.7% | -14.4% | -4.1% | -9.6% | -9.0% | -9.1% | ||
| 50.27 | 4.11 | 0.08 | 0.26 | 1.10 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 days |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
The operating result for 2025 is 89% lower than in 2024.
Equity is negative. Debt (€1.2m) exceeds the balance-sheet total (€426,798).
CODISCO has no parent and no holdings in its annual accounts. CODISCO shares no director with another company.
| PATRILEX
establishment since 01-03-1993 · founded in 1987 |
total assets €1.6m (2025) 0431.949.017 |
| ANNE-MARIE BOUDART
establishment since 16-06-2008 · founded in 2008 |
total assets €66,591 (2025) 0898.699.456 |
| ARKOULIS AVOCAT
registered office since 22-03-2024 · founded in 2024 |
total assets €58,670 (2025) 1007.438.634 |
| Malil, Ali (sole trader)
establishment since 01-07-2026 |
founded in 2026 1039.270.371 |
| Merckx, Marc (sole trader)
establishment since 08-11-2024 |
founded in 2024 1016.210.897 |
| Draoui, Inès (sole trader)
establishment since 04-11-2024 |
founded in 2024 1015.652.950 |
| Batik, Anissa (sole trader)
establishment since 04-09-2023 |
founded in 2023 0805.267.175 |
| Pytel, Marta (sole trader)
establishment since 03-10-2022 |
founded in 2022 0677.469.873 |
| Copin, Julie (sole trader)
establishment since 01-01-2008 |
founded in 2008 0827.757.121 |
| Association des copropriétaires de l'immeuble sis Allée du Cloître 7 à 100 Bruxelles, Allée du Cloitre 7
registered office since 01-08-1995 |
founded in 1995 0782.414.767 |
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
| Establishment | Since | Unit number |
|---|---|---|
| Kloosterdreef 7 registered office 1000 Brussels | ||
| Elsense Steenweg 148 1050 Ixelles 68201 Renting and operating of own or leased residential real estate, excluding social housing | 01-08-1975 | 2.011.281.241 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21822R0327/00E000 | 574 m² | 1 · 660 m² | 15.3 m · 2 |
| 21009A0988/00H000 | 359 m² | 1 · 361 m² | 23.8 m · 6 |
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