Magic Loom
Open bankruptcyA bankruptcy procedure is open for Magic Loom according to publications in the Belgian State Gazette; curator: THOMAS VINCART.
Summary
The 2023 annual accounts show negative equity (-€50,159) and a net result of -€191,760.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Hainaut, Charleroi division
- Declared bankrupt
- 5 August 2025
- Supervising judge
- Laurence Darquennes
- Official Gazette
- 11-08-2025 (pdf) ↗search the document for 2025/133725
Deadlines
- Provisional date payments stopped
- 5 August 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 26 August 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 4 September 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 2 October 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 5 August 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Thomas VincartRue Tumelaire 43, 6000 Char- Leroi- . Date provisoire de cessation de paiement : 05/08/2025thomas.vincart@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 18-09-2024, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
49 d late
2022
149 d late
2021
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 63 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Production of cinema films sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€191,760▲ 24.8%
2022 · -€255,025
Working capital
-€40,790
2022 · €11,271
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202120222023
Operating result-€145,174--€238,705▼ 64.4%-€179,996▲ 24.6%
Net result-€163,375below the sector's middle half--€255,025below the sector's middle half▼ 56.1%-€191,760below the sector's middle half▲ 24.8%
Equity€286,625within the sector's middle half-€49,100within the sector's middle half▼ 82.9%-€50,159below the sector's middle half
Total assets€700,820within the sector's middle half-€636,430within the sector's middle half▼ 9.2%€454,386within the sector's middle half▼ 28.6%
Debt€414,194-€587,330▲ 41.8%€504,545▼ 14.1%
Working capital€206,167-€11,271▼ 94.5%-€40,790
Solvency40.9%within the sector's middle half-7.7%within the sector's middle half▼ 33.2pp-11.0%below the sector's middle half▼ 18.8pp
above
within
below
the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €179,996 in 2023 against €238,705 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €454,386
Fixed assets
€363,613 ▼ 25.9%
Current assets
€90,772 ▼ 37.7%
Key figures and ratios
EBITDA
-€52,432▲
2022 · -€120,418
Cash flow
-€64,196▲
2022 · -€136,738
Current ratio
0.69▼
2022 · 1.08
Debt to equity
-10.06▼
2022 · 11.96
ROA
-42.2%▼
2022 · -40.1%
Interest coverage
-4.46▲
2022 · -7.38
Debt ≤ 1 year
€131,563▼
2022 · €134,372
Debt > 1 year
€372,982▼
2022 · €452,957
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,827 | €118,287 | €127,564 | ▲ 7.8% |
| Other operating charges640/8 | €805 | €356 | €470 | ▲ 31.7% |
| Gross operating margin9900 | -€117,542 | -€120,062 | -€51,963 | ▲ 56.7% |
| Operating profit (loss)9901 | -€145,174 | -€238,705 | -€179,996 | ▲ 24.6% |
| Financial charges65/66B | €18,201 | €16,320 | €11,764 | ▼ 27.9% |
| Recurring financial charges65 | €18,201 | €16,320 | €11,764 | ▼ 27.9% |
| Profit (loss) for the period before taxes9903 | -€163,375 | -€255,025 | -€191,760 | ▲ 24.8% |
| Profit (loss) for the period9904 | -€163,375 | -€255,025 | -€191,760 | ▲ 24.8% |
| Profit (loss) for the period to be appropriated9905 | -€163,375 | -€255,025 | -€191,760 | ▲ 24.8% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €700,820 | €636,430 | €454,386 | ▼ 28.6% |
| Fixed assets21/28 | €456,912 | €490,787 | €363,613 | ▼ 25.9% |
| Intangible fixed assets21 | €7,336 | €5,836 | €4,336 | ▼ 25.7% |
| Tangible fixed assets22/27 | €449,576 | €484,951 | €359,278 | ▼ 25.9% |
| Plant, machinery and equipment23 | €86,644 | €182,783 | €138,928 | ▼ 24.0% |
| Furniture and vehicles24 | €362,932 | €302,168 | €220,349 | ▼ 27.1% |
| Current assets29/58 | €243,908 | €145,643 | €90,772 | ▼ 37.7% |
| Amounts receivable within one year40/41 | €81,764 | €49,211 | €24,650 | ▼ 49.9% |
| Trade receivables40 | €24,543 | €49,211 | €12,409 | ▼ 74.8% |
| Other amounts receivable41 | €57,221 | - | €12,241 | - |
| Cash at bank and in hand54/58 | €114,728 | €88,603 | €56,095 | ▼ 36.7% |
| Deferred charges and accrued income490/1 | €47,416 | €7,829 | €10,027 | ▲ 28.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €700,820 | €636,430 | €454,386 | ▼ 28.6% |
| Equity10/15 | €286,625 | €49,100 | -€50,159 | ▼ 202% |
| Contributions10/11 | €450,000 | €467,500 | €560,000 | ▲ 19.8% |
| Capital10 | €450,000 | €467,500 | €560,000 | ▲ 19.8% |
| Issued capital100 | €600,000 | €600,000 | €600,000 | = |
| Uncalled capital101 | €150,000 | €132,500 | €40,000 | ▼ 69.8% |
| Profit (loss) carried forward14 | -€163,375 | -€418,400 | -€610,159 | ▼ 45.8% |
| Amounts payable17/49 | €414,194 | €587,330 | €504,545 | ▼ 14.1% |
| Amounts payable after more than one year17 | €375,892 | €452,957 | €372,982 | ▼ 17.7% |
| Financial debts170/4 | €375,892 | €452,957 | €372,982 | ▼ 17.7% |
| Amounts payable within one year42/48 | €37,741 | €134,372 | €131,563 | ▼ 2.1% |
| Current portion of amounts payable after more than one year42 | €19,320 | €48,977 | €79,975 | ▲ 63.3% |
| Financial debts43 | €3 | €0 | €4 | ▲ 2,500% |
| Credit institutions430/8 | €3 | €0 | €4 | ▲ 2,500% |
| Trade debts44 | €17,368 | €57,138 | €51,584 | ▼ 9.7% |
| Suppliers440/4 | €17,368 | €57,138 | €51,584 | ▼ 9.7% |
| Taxes, remuneration and social security45 | €1,050 | €28,257 | - | - |
| Taxes450/3 | €1,050 | €28,257 | - | - |
| Accrued charges and deferred income492/3 | €562 | - | - | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€163,375 | -€255,025 | -€191,760 | ▲ 24.8% |
| + Depreciation and write-downs630 | €26,827 | €118,287 | €127,564 | ▲ 7.8% |
| Operating cash flow (approximation) | -€136,548 | -€136,738 | -€64,196 | ▲ 53.1% |
| Investment in fixed assets (approximation) | - | -€152,162 | -€390 | ▲ 99.7% |
| Change in cash | - | -€26,125 | -€32,508 | ▼ 24.4% |
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
2025
11-08
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 05-08-2025
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 49 days late
2023
27-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 149 days late
2022
31-12
Financial
Weakest financial yearnet -€255,025
Net result drops to -€255,025, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Charleroi · 1 establishment unit since 2021
Ground area
1.2 ha
Building footprint
4,842 m²
Volume, LiDAR
48,618 m³
2 parcels, Brussels, Wallonia · tallest building 19.3 m, ±6 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Magic Loom
since 20212.320.857.335
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52045A0535/00E002 | Wallonia | 1.2 ha | 1 · 4,527 m² | 14.2 m · 3 fl. |
| 21447B0140/00A014 | Brussels | 533 m² | 1 · 315 m² | 19.3 m · 6 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THOMAS VINCART RUE TUMELAIRE 43, 6000 CHAR-
LEROI- .
Date provisoire de cessation de paiement : 05/08/2025 |
05-08-2025 → present |
Structure & network
Owners and holdings
4 ownersOwners 4
- 15.38%
-
10.25%
-
5.13%
-
5.13%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of Magic Loom and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,319 companies in sector 59111 we hold annual accounts for 687. 529 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
59111Production of cinema films
59112Motion picture, video and television programme production, sound recording and music publishing activities
59113Video and film production, excluding cinema and television films
Contact
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.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.