"GREEN MAGIC"
ActiveSummary
The computed 12-month bankruptcy probability of "GREEN MAGIC" is 11.0% (high). For "GREEN MAGIC", at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €490 and a net result of €1,198. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100▲+100
Solvency58▲+58
Growth38=
Track record92
Bankruptcy probability, 12 months
11.0%
High
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2023Age of the figures
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 12-06-2024, 49 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
49 d early
2022
42 d early
2021
32 d early
2020
25 d early
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 34 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2023, micro schema
Turnover
€1,400▼ 97.7%
2019 · €61,138
EBIT margin
-663.7%▼ 652.4pp
2019 · -11.2%
Net result
€1,198
2022 · -€800
Working capital
€490
2022 · -€708
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€61,138-€1,400▼ 97.7%
Operating result-€6,864--€9,291▼ 35.4%-€8,083▲ 13.0%-€696▲ 91.4%€1,304
Net result-€7,159--€9,466▼ 32.2%-€8,283▲ 12.5%-€800▲ 90.3%€1,198
EBIT margin-11.2%--663.7%▼ 652.4pp
Equity€17,841-€8,375▼ 53.1%€91▼ 98.9%-€708€490
Total assets€19,748-€10,375▼ 47.5%€91▼ 99.1%€252▲ 175%€1,468▲ 483%
Debt€1,907-€2,000▲ 4.9%€960€978▲ 1.8%
Working capital€17,841-€8,375▼ 53.1%-€708€490
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 2023: €1,304 after a loss of €696 in 2022, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €1,468
Equity
€490
Debt
€978
Debt finances 66.6% of the balance-sheet total.
Key figures and ratios
Debt ≤ 1 year
€978▲
2022 · €960
Ratios withheld: a balance sheet total of €1,468 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €61,138 | €1,400 | - | - | - | - |
| Non-recurring operating income76A | - | €2,000 | - | - | €3,202 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €12,691 | €8,083 | €696 | €1,898 | ▲ 173% |
| Gross operating margin9900 | -€5,996 | -€9,291 | -€8,083 | -€696 | €1,304 | ▲ 287% |
| Operating profit (loss)9901 | -€6,864 | -€9,291 | -€8,083 | -€696 | €1,304 | ▲ 287% |
| Financial charges65/66B | - | €175 | €200 | €104 | €106 | ▲ 1.8% |
| Recurring financial charges65 | €295 | €175 | €200 | €104 | €106 | ▲ 1.8% |
| Profit (loss) for the period before taxes9903 | -€7,159 | -€9,466 | -€8,283 | -€800 | €1,198 | ▲ 250% |
| Profit (loss) for the period9904 | -€7,159 | -€9,466 | -€8,283 | -€800 | €1,198 | ▲ 250% |
| Profit (loss) for the period to be appropriated9905 | -€7,159 | -€9,466 | -€8,283 | -€800 | €1,198 | ▲ 250% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,748 | €10,375 | €91 | €252 | €1,468 | ▲ 483% |
| Current assets29/58 | €19,748 | €10,375 | €91 | €252 | €1,468 | ▲ 483% |
| Stocks and contracts in progress3 | €1,400 | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | - | €221 | €53 | €239 | €1,468 | ▲ 514% |
| Other amounts receivable41 | - | €221 | €53 | €239 | €1,468 | ▲ 514% |
| Cash at bank and in hand54/58 | €18,348 | €10,154 | €39 | €13 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,748 | €10,375 | €91 | €252 | €1,468 | ▲ 483% |
| Equity10/15 | €17,841 | €8,375 | €91 | -€708 | €490 | ▲ 169% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€7,159 | -€16,625 | -€24,909 | -€25,708 | -€24,510 | ▲ 4.7% |
| Amounts payable17/49 | €1,907 | €2,000 | - | €960 | €978 | ▲ 1.8% |
| Amounts payable within one year42/48 | €1,907 | €2,000 | - | €960 | €978 | ▲ 1.8% |
| Financial debts43 | - | - | - | - | €3 | - |
| Credit institutions430/8 | - | - | - | - | €3 | - |
| Trade debts44 | €877 | €0 | - | - | €974 | - |
| Suppliers440/4 | - | €0 | - | - | €974 | - |
| Taxes, remuneration and social security45 | - | €2,000 | - | - | - | - |
| Taxes450/3 | - | €294 | - | - | - | - |
| Remuneration and social security454/9 | - | €1,706 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €960 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,159 | -€9,466 | -€8,283 | -€800 | €1,198 | ▲ 250% |
| Operating cash flow (approximation) | -€7,159 | -€9,466 | -€8,283 | -€800 | €1,198 | ▲ 250% |
| Change in cash | - | -€8,193 | -€10,115 | -€26 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
25-09
KBO administration
Address struck
event 13-09-2026
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1,198
Net result €1,198 after 4 loss-making years.
31-12
Financial
Liquidity times 6current ratio 1.50
Current ratio from 0.26 to 1.50.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€9,466
Net result drops to -€9,466, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Brugelette · 1 establishment unit since 2019
Ground area
1,744 m²
Building footprint
238 m²
Volume, LiDAR
1,589 m³
2 parcels, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Green Magic
since 20192.284.649.017
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51005B0251/00A002 | Wallonia | 1,325 m² | 1 · 162 m² | 7.8 m · 2 fl. |
| 56057B0374/00R003 | Wallonia | 419 m² | 1 · 76 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-01-2019
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.