MAGIC HANDS BUSINESS
ActiveThe computed 12-month bankruptcy probability of MAGIC HANDS BUSINESS is 2.1% (moderate). The 2024 annual accounts show equity of €62k and a net result of €-560. Equity is growing by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 1329 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability37▼-43
Solvency78▲+21
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 2.79 against 1.56 in 2023; short-term debt: 27.1% and cash: 0% of total assets), and 46.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 2024Solvency, return and age of the figures
Solvency
53.4%
Return on assets
-0.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 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: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
159 d late
2023
57 d late
2022
30 d late
2021
45 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€62k▼ 0.9%
2023 · €62k
2021: €10k
2022: €45k
2023: €62k
2021 → 2024
Total assets
€116k▼ 39.8%
2023 · €193k
2021: €26k
2022: €68k
2023: €193k
2021 → 2024
Net result
€-560
2023 · €18k
2021: €8k
2022: €34k
2023: €18k
2021 → 2024
Working capital
€56k▲ 0.2%
2023 · €56k
2021: €10k
2022: €43k
2023: €56k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€10k-€45k▲ 328%€62k▲ 39.5%€62k▼ 0.9%
Operating result€11k-€44k▲ 312%€23k▼ 47.7%€5k▼ 79.0%
Net result€8k-€34k▲ 306%€18k▼ 48.4%€-560
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 79% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116k
Fixed assets
€28k▼ 22.1%
Current assets
€88k▼ 43.9%
Equity and liabilities €116k
Equity
€62k▼ 0.9%
Debt
€54k▼ 58.4%
The debt ratio falls from 67.6% to 46.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▼
2023 · €26k
Cash flow
€7k▼
2023 · €20k
Solvency
53.4%▲
2023 · 32.4%
Current ratio
2.79▲
2023 · 1.56
Quick ratio
2.79▲
2023 · 1.56
Debt / equity
0.87▼
2023 · 2.08
ROE
-0.9%▼
2023 · 28.3%
ROA
-0.5%▼
2023 · 9.2%
Interest coverage
2.28▼
2023 · 28.96
Debt
€54k▼
2023 · €130k
Debt ≤ 1 year
€31k▼
2023 · €100k
Debt > 1 year
€23k▼
2023 · €30k
Income taxes
€930▼
2023 · €5k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€193k€116k▼
Fixed assets21/28€36k€28k▼
Tangible fixed assets22/27€36k€28k▼
Furniture and vehicles24€36k€28k▼
Current assets29/58€156k€88k▼
Amounts receivable within one year40/41€156k€88k▼
Trade receivables40€155k€15k▼
Other amounts receivable41€721€72k▲
Cash at bank and in hand54/58€92€46▼
Equity and liabilities
Total equity and liabilities10/49€193k€116k▼
Equity10/15€62k€62k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€60k€60k▼
Amounts payable17/49€130k€54k▼
Amounts payable after more than one year17€30k€23k▼
Financial debts170/4€30k€23k▼
Amounts payable within one year42/48€100k€31k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€41k€7k▼
Suppliers440/4€41k€7k▼
Advances received on contracts in progress46€18k-
Taxes, remuneration and social security45€20k€15k▼
Taxes450/3€14k€15k▲
Remuneration and social security454/9€5k-
Other amounts payable47/48€14k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€8k▲
Other operating charges640/8€2k€189▼
Gross operating margin9900€27k€13k▼
Operating profit (loss)9901€23k€5k▼
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€893€6k▲
Recurring financial charges65€893€6k▲
Profit (loss) for the period before taxes9903€22k€370▼
Income taxes67/77€5k€930▼
Profit (loss) for the period9904€18k€-560▼
Profit (loss) for the period to be appropriated9905€18k€-560▼
Appropriation of the result
Profit (loss) to be appropriated9906€60k€60k▼
Profit (loss) brought forward from the previous period14P€43k€60k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 159 days late
2024
31-12
Financial
Weakest financial yearnet €-560 ▼103%
Net result drops to €-560, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2021net €34k ▲306%
Operating result €44k, net result €34k, both a record.
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 45 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, Kraainem · 1 establishment unit since 2021
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.
Steenweg op Mechelen 4551950 KraainemGround area
1.1 ha
Building footprint
931 m²
Volume, LiDAR
34,628 m³
2 parcels, Brussels, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
MAGIC HANDS BUSINESS
since 20212.318.197.159
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 21906D0133/00C013 | Brussels | 87 m² | 1 · 65 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Bongers Solutions
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K.L.Z.
BE 0834.562.363
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5SENSES
BE 0716.899.878
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KUCHER GROUP
BE 0799.289.896
Genk · Eq €61k
AQUALICE
BE 0878.425.169
Elsene · Eq €63k
Of 1,823 companies in sector 42220 we hold annual accounts for 958. 695 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2021
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.