Promagic
ActiveSummary
Promagic has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-15k) and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+50
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.43 in 2024; short-term debt: 125.5% and cash: 16% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-71.9%
Return on assets
-17%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-15k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
29 d early
2024
3 d early
2023
2 d late
2022
21 d late
2021
2 d early
2020
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-15k▼ 31.1%
2024 · €-12k
Total assets
€22k▲ 1.1%
2024 · €21k
Net result
€-4k▲ 72.5%
2024 · €-13k
Working capital
€-13k▲ 1.7%
2024 · €-13k
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
Line20212022202320242025
Operating result€9k€4k▼ 56.9%€-9k€-12k▼ 43.5%€-3k▲ 77.3%
Net result€8k€3k▼ 63.2%€-9k€-13k▼ 42.7%€-4k▲ 72.5%
Equity€8k€11k▲ 38.7%€2k▼ 86.0%€-12k€-15k▼ 31.1%
Total assets€30k▲ 92.6%€36k▲ 21.3%€29k▼ 20.9%€21k▼ 26.0%€22k▲ 1.1%
Debt€22k▲ 38.8%€26k▲ 15.1%€27k▲ 6.8%€33k▲ 21.5%€37k▲ 11.8%
Working capital€12k▲ 22.0%€18k▲ 44.6%€9k▼ 46.7%€-13k€-13k▲ 1.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €12k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22k
Fixed assets
€8k ▼ 34.1%
Current assets
€14k ▲ 41.9%
Key figures and ratios
EBITDA
€3k▲
2024 · €-8k
Cash flow
€2k▲
2024 · €-9k
Solvency
-71.9%▼
2024 · -55.5%
Current ratio
0.52▲
2024 · 0.43
Debt to equity
-2.39▲
2024 · -2.80
ROA
-17.0%▲
2024 · -62.6%
Interest coverage
8.64▲
2024 · -21.63
Debt ≤ 1 year
€27k▲
2024 · €23k
Debt > 1 year
€10k=
2024 · €10k
Income taxes
€567▲
2024 · €552
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €1k | €4k | €5k | ▲ 36.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €770 | €0 | - | - |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▲ 18.8% |
| Gross operating margin9900 | €13k | €8k | €-5k | €-7k | €5k | ▲ 169% |
| Operating profit (loss)9901 | €9k | €4k | €-9k | €-12k | €-3k | ▲ 77.3% |
| Financial income75/76B | - | €0 | €0 | €0 | - | - |
| Recurring financial income75 | - | €0 | €0 | €0 | - | - |
| Financial charges65/66B | €98 | €289 | €179 | €391 | €297 | ▼ 23.9% |
| Recurring financial charges65 | €98 | €289 | €179 | €391 | €297 | ▼ 23.9% |
| Profit (loss) for the period before taxes9903 | €9k | €4k | €-9k | €-13k | €-3k | ▲ 75.7% |
| Income taxes67/77 | €473 | €474 | €531 | €552 | €567 | ▲ 2.8% |
| Profit (loss) for the period9904 | €8k | €3k | €-9k | €-13k | €-4k | ▲ 72.5% |
| Profit (loss) for the period to be appropriated9905 | €8k | €3k | €-9k | €-13k | €-4k | ▲ 72.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30k | €36k | €29k | €21k | €22k | ▲ 1.1% |
| Formation expenses20 | €1k | €17 | €0 | - | - | - |
| Fixed assets21/28 | €5k | €3k | €2k | €11k | €8k | ▼ 34.1% |
| Tangible fixed assets22/27 | €5k | €3k | €2k | €11k | €8k | ▼ 34.1% |
| Plant, machinery and equipment23 | - | - | - | €528 | €411 | ▼ 22.1% |
| Furniture and vehicles24 | €5k | €3k | €2k | €11k | €7k | ▼ 34.6% |
| Current assets29/58 | €24k | €33k | €27k | €10k | €14k | ▲ 41.9% |
| Amounts receivable within one year40/41 | €12k | €19k | €15k | €7k | €10k | ▲ 38.4% |
| Trade receivables40 | €12k | €19k | €15k | €7k | €10k | ▲ 38.6% |
| Other amounts receivable41 | €4 | €447 | €0 | €46 | €46 | = |
| Cash at bank and in hand54/58 | €12k | €13k | €8k | €2k | €3k | ▲ 63.2% |
| Deferred charges and accrued income490/1 | €706 | €737 | €4k | €629 | €699 | ▲ 11.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30k | €36k | €29k | €21k | €22k | ▲ 1.1% |
| Equity10/15 | €8k | €11k | €2k | €-12k | €-15k | ▼ 31.1% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €3k | €3k | €-6k | €-20k | €-23k | ▼ 18.7% |
| Amounts payable17/49 | €22k | €26k | €27k | €33k | €37k | ▲ 11.8% |
| Amounts payable after more than one year17 | €10k | €10k | €10k | €10k | €10k | = |
| Financial debts170/4 | €10k | €10k | €10k | €10k | €10k | = |
| Amounts payable within one year42/48 | €12k | €16k | €17k | €23k | €27k | ▲ 16.9% |
| Trade debts44 | €6k | €4k | €7k | €4k | €5k | ▲ 8.9% |
| Suppliers440/4 | €6k | €4k | €7k | €4k | €5k | ▲ 8.9% |
| Advances received on contracts in progress46 | - | - | - | - | €689 | - |
| Taxes, remuneration and social security45 | €1,000 | €2k | €3k | €4k | €5k | ▲ 42.0% |
| Taxes450/3 | €1,000 | €2k | €3k | €4k | €3k | ▼ 9.6% |
| Remuneration and social security454/9 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | €5k | €9k | €7k | €15k | €17k | ▲ 8.7% |
| Accrued charges and deferred income492/3 | €149 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €3k | €-9k | €-13k | €-4k | ▲ 72.5% |
| + Depreciation and write-downs630 | €3k | €3k | €1k | €4k | €5k | ▲ 36.8% |
| Operating cash flow (approximation) | €11k | €6k | €-8k | €-9k | €2k | ▲ 118% |
| Investment in fixed assets (approximation) | - | €-1k | €-17 | €-13k | €-1k | ▲ 88.9% |
| Change in cash | - | €1k | €-5k | €-6k | €1k | ▲ 122% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2020
Ground area
1,794 m²
Building footprint
901 m²
Volume, LiDAR
8,077 m³
Parcel 44809I0826/00R000, Flanders · tallest building 20.2 m, ±1 floor. Linked by address, not a title deed.
40
companies at this address
See who is registered here
1 establishment unit
Promagic
since 20202.298.011.558
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0826/00R000 | Flanders | 1,794 m² | 1 · 901 m² | 20.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 6,764 EUR awarded · 6,764 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 6,764 EUR | 6,764 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
Vlaams beschermingsmechanisme 12 (stopgezet)
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Of 8,315 companies in sector 90201 we hold annual accounts for 602. 109 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
56210Event catering
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.