Magic Loom
Open bankruptcyFinancials · financial year 2023, full format
2023 annual accounts filed 49 days after the deadline Filed on 18 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00463999.
Annual accounts 2023 filed on 18-09-2024 PDF all 3 filings
2021 to 2023, 3 financial years
The operating result for 2023 is a loss of €179,996, smaller than the loss of €238,705 in 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Securities and guarantees
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Debts secured on the company's own assets | €95,237 | €201,985 | €153,007 |
| Pledge on the business | €275,000 | €250,000 | €250,000 |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €476,238 | €152,162 | €390 |
| Intangible fixed assets | €7,500 | - | - |
| Depreciation and write-downs of the year | €26,827 | €118,287 | €127,564 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
| 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 | - |
| 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 | ▲ 26× |
| Credit institutions430/8 | €3 | €0 | €4 | ▲ 26× |
| 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% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.