Liquidity
2.79 was 1.56 in 2023
Short-term debts fell from €100,078 to €31,377.
MAGIC HANDS BUSINESS
Lifetime
4 annual accounts with figures on one time axispeak €44,805 (2022)
€13,083▼ 52.3%
lowest -€560 (2024)
-€560▼ €18,248
peak €62,445 (2023)
€61,884▼ 0.9%
€54,106▼ 58.4%
Board2 names since 2021
1 directorGÖK Ahmet
Documentsfilings and deeds
06-01-2026159 days late
2024micro format
Gross margin from €27,422 to €13,083Loss of €560Debts from €130,163 to €54,106Cash from €92 to €46
Key points
from the 2024 annual accountsFilings
4 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
At the same address
954 companies
Checked score
35
Weak
Financially stronger than 37% of micro companies in civil engineering (NACE 42)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.6%
01-2025: 4.6%● unchanged vs 12-2024
02-2025: 4.5%▼ -0.1 percentage points vs 01-2025
03-2025: 4.5%● unchanged vs 02-2025
04-2025: 4.5%● unchanged vs 03-2025
05-2025: 4.4%▼ -0.1 percentage points vs 04-2025
06-2025: 4.4%● unchanged vs 05-2025
07-2025: 4.4%● unchanged vs 06-2025lowest value
08-2025: 5.2%▲ +0.8 percentage points vs 07-2025
09-2025: 5.4%▲ +0.2 percentage points vs 08-2025
10-2025: 6.7%▲ +1.3 percentage points vs 09-2025
11-2025: 6.9%▲ +0.2 percentage points vs 10-2025
12-2025: 8.0%▲ +1.1 percentage points vs 11-2025
01-2026: 10.5%▲ +2.5 percentage points vs 12-2025highest value
02-2026: 5.4%▼ -5.1 percentage points vs 01-2026
03-2026: 5.3%▼ -0.1 percentage points vs 02-2026
04-2026: 5.3%● unchanged vs 03-2026
05-2026: 5.2%▼ -0.1 percentage points vs 04-2026
06-2026: 4.9%▼ -0.3 percentage points vs 05-2026
07-2026: 4.6%▼ -0.3 percentage points vs 06-2026
08-2026: 5.2%▲ +0.6 percentage points vs 07-2026
09-2026: 5.3%▲ +0.1 percentage points vs 08-2026
10-2026: 7.1%▲ +1.8 percentage points vs 09-2026
11-2026: 7.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 159 days late; 2 of the last 3 accounts late
Figures for financial year 2024 (filed on 06-01-2026)
Liquidity: current ratio 2.79, cash €46
Founded in 2021
Calculation
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 42, micro). It does better than 60% of them on solvency, 32% on liquidity, 21% on profitability and 34% on growth.
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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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).
Comparable companies, two years later
In July 2024, 3,440 companies had the same profile as MAGIC HANDS BUSINESS has now. Each dot stands for 9 companies, two years later.
90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MAGIC HANDS BUSINESS itself is higher: 7.1% within 12 months. It rests on far more data about MAGIC HANDS BUSINESS than the profile alone.
Test of the method
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 3,440 companies, not a prediction for MAGIC HANDS BUSINESS. 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.
Credit verdict
Credit of up to €2,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 2.79 (1.56 in 2023), above the usual 1.5. Short-term debt is 27.1% and cash 0% of total assets. 46.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 4 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 159 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-01-2026, 159 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
159 days late
2023
57 days late
2022
30 days late
2021
45 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 73 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- GÖK Ahmet 100 sharesdeed of 08-02-2022
- GÜLALI Fuatdeed of 08-02-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0764491741
Transfer of 51 shares from GÜLALI Fuat to GÖK Ahmet
Resignation: GÜLALI Fuat (director) · GÖK Ahmet holds 100 shares · GÜLALI Fuat is a shareholder · General meeting of 03-12-2021 · Gazette deed
First establishment
Josaphatstraat 242, Schaerbeek
Incorporation
Founding capital of €2,000, 100 shares · Founders: GÖK Ahmet and GÜLALI Fuat · Appointments: GÖK Ahmet (director) and GÜLALI Fuat (director) · published on 03-03-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAGIC HANDS BUSINESS Kraainem | €115,990 | €13,083 | 53.4% | - |
| A-ELA TECH Antwerp | €112,844 | €12,473 | 16.6% | - |
| GEEREN TECHNICS Knokke-Heist | €109,289 | €10,418 | 76.7% | - |
| SAFA TECH Lokeren | €93,817 | €14,706 | 32.9% | - |
| NB Solution Lokeren | €81,639 | €11,199 | 9.6% | - |
| NEFES TECHNICS Ghent | €83,425 | €12,631 | 16.4% | - |
| SyncroTex Antwerp | €83,609 | €12,233 | 60.1% | - |
These companies have the same main activity as MAGIC HANDS BUSINESS: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €81,600 and €113,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 01-03-2021Normal situation
- Registered office
- 956 active companies are registered at this address95 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Construction of utility projects for electricity and telecommunicationsNACE 42220and 3 others
- Establishment unit
- 2.318.197.1591030 Schaerbeek, since 01-08-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Insights on MAGIC HANDS BUSINESS
MAGIC HANDS BUSINESS files the micro format. That format states no turnover. The gross margin rose from €10,758 in 2021 to €13,083 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAGIC HANDS BUSINESS
- What is the company number of MAGIC HANDS BUSINESS?
- The company number of MAGIC HANDS BUSINESS is 0764.491.741. The VAT number is the same number with BE in front: BE 0764.491.741.
- Where is MAGIC HANDS BUSINESS based?
- The registered office is at Steenweg op Mechelen 455, 1950 Kraainem.Company details
- What does MAGIC HANDS BUSINESS do?
- According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
- What is the legal form of MAGIC HANDS BUSINESS?
- MAGIC HANDS BUSINESS is a private limited company (BV).
- When was MAGIC HANDS BUSINESS founded?
- MAGIC HANDS BUSINESS was founded on 01-03-2021.
- Is MAGIC HANDS BUSINESS still active?
- Yes, MAGIC HANDS BUSINESS is an active enterprise in the KBO register.
- What is the turnover of MAGIC HANDS BUSINESS?
- The turnover in financial year 2024 is ≈ €100,000. This figure is estimated from the gross margin of €13,083 and 6,297 comparable companies of the same size. It probably lies between €46,000 and €240,000. It is a rough estimate.Financials
- Is MAGIC HANDS BUSINESS profitable?
- In financial year 2024, MAGIC HANDS BUSINESS made a loss of €560.
- Where can I find the annual accounts of MAGIC HANDS BUSINESS?
- MAGIC HANDS BUSINESS filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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