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TL-engineering

Active Private limited companyfounded 2020active for 6 yearsGrote Bergen 15a, 2830 WillebroekKBO/BCE: BE 0740.759.009
TL-engineering
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €80,923 (2021)
€7,051▼ 86.8%
peak €53,562 (2021)
€541▼ 98.2%
peak €145,294 (2024)
€25,835▼ 82.2%
€108,043▲ 272%
Board1 name since 2020
1 directorLEFEVER Tom
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €53,474 to €7,051Result from €30,848 to €541Dividend €120,000Equity from €145,294 to €25,835Debts from €29,013 to €108,043Cash from €147,022 to €99,556

Key points

from the 2025 annual accounts

Equity

€25,835 from €145,294 in 2024

Equity fell by 82% in 1 year.

Turnover

≈ €59,000 estimated

The micro format states no turnover.

Debts

€108,043 81% of the balance sheet
Suppliers 1%Taxes and wages 3%Other 95%

Liquidity

1.13 was 5.59 in 2024

Short-term debts rose from €29,013 to €108,043.

Filings

6 annual accounts 1 late
AprilJune31 JulyOctober202020222024

The 2021 accounts came 29 days late. The other five were filed on time.

Checked score

80
Excellent
Financially stronger than 29% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.4%▲ +0.3 percentage points vs 09-2026highest value 11-2026: 0.4%● unchanged vs 10-2026highest value

Financial strength
Average

44-56equity 19.3% of total assets
56-40short-term debt 80.7% · cash 74.4%
69-22return on assets 0.4%

Score breakdown

raises risk
Founded in 2020
Sector: Specialised construction activities (NACE 43)
Equity €25,835 (19.3% of total assets)
lowers risk
Liquidity: current ratio 1.13, cash €99,556
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 43, micro). It does better than 21% of them on solvency, 52% on liquidity, 36% on profitability and 5% on growth.

The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 3,274 companies had the same profile as TL-engineering has now. Each dot stands for 9 companies, two years later.

94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of TL-engineering itself is lower: 0.4% within 12 months. It rests on far more data about TL-engineering 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3,274 companies, not a prediction for TL-engineering. 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 is acceptable

Liquidity is tight, with a current ratio of 1.13 (5.59 in 2024), below the usual 1.5. Short-term debt is 80.7% and cash 74.4% of total assets. 80.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.13, cash €99,556
NBB · annual accounts
raises risk · Founded in 2020
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Equity €25,835 (19.3% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 35136 sector peers (2025).
NBB · sector comparison
Position among 35136 sector peers
Solvency
better than 21%
← weakest strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
31 days early
2024
31 days early
2023
19 days early
2022
25 days early
2021
29 days late
2020
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 13 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

LT
LEFEVER Tom
Director, since 06-01-2020
  • LEFEVER Tom 50 sharesdeed of 08-01-2020
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0740759009
Registered office moved from Willebroek to Heindonk New registered office: Grote Bergen 15a te 2830 Heindonk · Previous registered office: Hoge Weg 17-2830 Willebroek · Gazette deed
Incorporation Founding capital of €5,000, 50 shares · Founder: LEFEVER Tom · Appointment: LEFEVER Tom (statutory director) · published on 08-01-2020 · Gazette deed
First establishment Grote Bergen 15a, Willebroek
All 14 events

Comparable companies

same main activity, similar in size and age
Company
TL-engineering Willebroek €133,878 €7,051 19.3% -
CHAUFFAGE PAQUET Fosses-la-Ville €106,949 €6,773 94.5% -
Thermo Dias Ramillies €150,840 €8,706 40.9% -
Javika Tongeren-Borgloon €126,241 €7,400 54.9% -
PANNEMANS ALEX Dilsen-Stokkem €156,016 €7,447 48.2% -
MD MULTI SERVICES Ixelles €101,738 €8,185 69.5% -
Baikou Antwerp €132,880 €12,307 35.5% -

These companies have the same main activity as TL-engineering: plumbing work (NACE 43221). They are comparable in size and age: total assets between €102,000 and €156,000, founded between 2017 and 2022.

Official details

Source: KBO
Status
Active since 06-01-2020Normal situation
Activity
Plumbing workNACE 43221and 2 others
Establishment unit
2.300.886.5202830 Willebroek, since 06-01-2020
Financial year end
31 December
Peppol
Reachable since 10-07-2025
Company details

Annual accounts 2025

€7,051▼ 86.8%
€541▼ 98.2%
€25,835▼ 82.2%
€133,878▼ 23.2%
Filing
Filed on 30-06-2026, 31 days before the end of the filing period
Financials

Insights on TL-engineering

TL-engineering files the micro format. That format states no turnover. The gross margin fell from €47,195 in 2020 to €7,051 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-06-2026, 31 days before the deadline
€7,051
▼ 86.8%
€1,449
▼ 96.0%
€541
▼ 98.2%
€13,961
▼ 89.5%
19.3%
▼ 64.1 percentage points
1.13
▼ 4.46

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €59,000. Estimated: probably between €45,000 and €130,000.

Balance sheet

balance sheet total €133,878 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

19.3%

Higher than 21% of 35,136 companies in 2025.

1.13

Higher than 26% of 34,510 companies in 2025.

0.4%

Higher than 25% of 34,711 companies in 2025.

TL-engineering Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 133,878174,307153,004167,800173,284111,122
21/28 11,87412,04216,07128,13641,39849,211
22/27 11,87412,04216,07128,13641,39849,211
23 3,4904,3483,5653,5534,501-
24 8,3847,69412,50624,58436,89749,211
29/58 122,004162,265136,933139,664131,88661,910
40/41 22,44815,24416,4752,19925,61518,156
40 20,2349,40813,177-25,61518,156
41 2,2145,8363,2972,199--
54/58 99,556147,022120,458137,464106,27043,755
Balance sheet: equity and liabilities
10/49 133,878174,307153,004167,800173,284111,122
10/15 25,835145,294129,446100,60185,45931,897
10/11 5,0005,0005,0005,0005,0005,000
13 20,835140,294124,44695,601--
133 20,835140,294124,44695,601--
14 ----80,45926,897
17/49 108,04329,01323,55867,19987,82579,225
17 --1,13314,63827,98141,166
170/4 --1,13314,63827,98141,166
42/48 108,04329,01322,42552,56157,82438,059
42 -1,13313,50513,34413,18513,028
44 1,4936,62285465715,1491,708
440/4 1,4936,62285465715,1491,708
46 ---12,070--
45 3,6063,7568,06626,49127,44023,324
450/3 9431,1158,06623,96524,94220,637
454/9 2,6632,641-2,5262,4982,687
47/48 102,94417,502--2,050-
492/3 ----2,020-
Income statement
76A -1,7761,9201,980--
9900 7,05153,47451,81834,09180,92347,195
62 --235----
630 4,70015,57613,18013,26212,55311,885
640/8 9021,779634639189105
9901 1,44936,35438,00420,19168,18135,206
75/76B ---011
75 ---011
65/66B 71129447695651921
65 71129447695651921
9903 1,37836,22637,55719,49667,53134,286
67/77 8385,3788,7124,35413,9697,389
9904 54130,84828,84515,14253,56226,897
9905 54130,84828,84515,14253,56226,897
Appropriation of the result
9906 54130,84828,84595,60180,45926,897
14P ---80,45926,897-
791/2 120,000-----
691/2 54115,84828,84595,601--
6921 54115,84828,84595,601--
694/7 120,00015,000----
694 120,000-----
695 -15,000----
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 30-06-2026 2026-00226335 PDF
31-12-2024 micro format 30-06-2025 2025-00223972 PDF
31-12-2023 micro format 12-07-2024 2024-00253914 PDF
31-12-2022 micro format 06-07-2023 2023-00209960 PDF
31-12-2021 micro format 29-08-2022 2022-20387480 PDF
31-12-2020 micro format 30-07-2021 2021-46000304 PDF

Subsidies and aid

Flemish government 2024 to 2025, 2 entries, €1,607 awarded, €1,606 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€1,607
Year Entries AwardedPaid
2025 1 €0€128
2024 1 €1,607€1,478

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
6,14951,93151,18433,45280,73447,091
5,24046,42442,02528,40466,11538,782
4,53211,5471,11504,73961,096
-47,46626,563-17,00631,19462,515-
13,961133,252114,50887,10274,06223,851
19.3%83.4%84.6%60.0%49.3%28.7%
1.135.596.112.662.281.63
4.180.200.180.671.032.48
2.1%21.2%22.3%15.1%62.7%84.3%
0.4%17.7%18.9%9.0%30.9%24.2%
86.57over 100over 10048.15over 100-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€4,532€11,547€1,115-€4,739
€4,700€15,576€13,180€13,262€12,553

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on TL-engineering

The operating result for 2025 is 96% lower than in 2024 and the lowest since 2020. It is the second fall in a row.

Debt's share of the balance-sheet total rises from 16.6% to 80.7%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, since incorporation
LEFEVER Tom
Statutory director
since 06-01-2020 term without a fixed end
listed in the 2025 annual accounts, filed on 30-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 20. Externe vertegenwoordigingsbevoegdheid Iedere bestuurder afzonderlijk, ook wanneer er meerdere zijn, vertegenwoordigt de…”
deed of 08-01-2020

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
LEFEVER Tom
Statutory director
BoardEarlierend not dated
Mandates as a list
  • LEFEVER Tom
    • Statutory director, from 06-01-2020 to date
    • Managing director, appointed by deed of 08-01-2020, last mentioned in 2020

See the board, name and registered office on a given date →

Control

Founder
LEFEVER Tom
This company
TL-engineering
Equity €25,835
Profit €541 in 2025

Capital

Contribution
€5,000
Shares
50
Contribution per share
€100
Equity per share
€517 in 2025
Source
deed of 08-01-2020

Articles of association

deed of 08-01-2020 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“De vergoeding van de accountant komt ten laste van de vennootschap indien hij met haar toestemming wordt benoemd, of indien deze vergoeding…”

Shareholders

At incorporation deed of 08-01-2020 ↗

Network & group

No group

TL-engineering has no parent and no holdings in its annual accounts. LEFEVER Tom is the only director.

Earlier ties

LEVAN
via LEFEVER Tom, no longer at LEVAN · Director · deed of 30-04-2018
No longer active
 12 FTE (2023)

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

14 events since 2020

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 31 days before the deadline
2025
Weakest financial year net €541 ▼98.2% The net result drops to €541, the lowest from 2020 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0740759009
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 19 days before the deadline
2023
Liquidity more than doubled current ratio 6.11 The current ratio rises from 2.66 to 6.11. Short-term debt falls from €52,561 to €22,425.
Annual accounts 2022 filed PDFmicro format · 25 days before the deadline
2022
Equity above €100,000 equity €100,601 ▲17.7% With a profit in every financial year since 2020, equity grows to €100,601.
Annual accounts 2021 filed PDFmicro format · 29 days late
2021
Highest result from 2020 to 2025 net €53,562 ▲99.1% The operating result of €68,181 and the net result of €53,562 are both a record.
Annual accounts 2020 filed PDFmicro format · 1 day before the deadline
Registered office moved from Willebroek to HeindonkNew registered office: Grote Bergen 15a te 2830 Heindonk · Previous registered office: Hoge Weg 17-2830 Willebroek1 point ▸
  • Registered-office move, Grote Bergen 15a te 2830 Heindonk

Open the deed in the Belgian Official Gazette

2020
IncorporationFounding capital of €5,000, 50 shares · Founder: LEFEVER Tom · Appointment: LEFEVER Tom (statutory director) · published on 08-01-202010 points ▸
  • Founder, LEFEVER Tom
  • Power of attorney, BECQUET Danielle
  • Founding capital, €5,000, 50 shares
  • LEFEVER Tom holds 50 shares
  • 50 shares
  • Director appointment, LEFEVER Tom (statutory director)
  • Registered office clause, Hoge Weg 17, 2830 Willebroek
  • Board rule, 1
  • Director appointment, LEFEVER Tom (managing director)
  • Power of attorney, Adrienne Spaepen
  • The deed holds 9 more points.

Open the deed in the Belgian Official Gazette

First establishment Grote Bergen 15a, Willebroek

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

TL-engineering was incorporated on 6 January 2020 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office was moved to Heindonk in 2021.3 Since 2020, LEFEVER Tom has served as statutory director.4 Total assets rose from €111,122 in 2020 to €133,878 in 2025.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 08-01-2020
  3. 3Belgian Official Gazette, 14-07-2021
  4. 4National Bank, annual accounts 2025
  5. 5National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0740.759.009
VAT number
BE 0740.759.009
Peppol ID
0208:0740759009
Other Peppol ID
9925:BE0740759009
Legal form
Private limited company
Status
Active, normal situation
Founded
06-01-2020
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“De vergoeding van de accountant komt ten laste van de vennootschap indien hij met haar toestemming wordt benoemd, of indien deze vergoeding…”
deed of 08-01-2020 (in Dutch)
Peppol
Reachable since 10-07-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
TL-engineering in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 08-01-2020 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 08-01-2020 (in Dutch)

Activities

NACEBEL 2025
43221 Plumbing work main activity
43211 General electrical installation work
43212 Electrical installation work in industrial facilities
Codes under NACEBEL 2008
43221 Plumbing main activity
43211 Specialised construction activities
43212 Specialised construction activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“De vennootschap mag haar voorwerp verwezenlijken zowel in België als in het buitenland,op alle wijzen en manieren,die zij het best geschikt…”
4 activities
  1. De vennootschap mag haar voorwerp verwezenlijken zowel in België als in het buitenland,op alle wijzen en manieren,die zij het best geschikt zou achten.
  2. De vennootschap kan in het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of doelen of welke van aard zouden zijn de verwezenlijking ervan geheel of gedeeltelijk te vergemakkelijken;ze kan leningen of schulden aangaan bij derden(met inbegrip van haar aandeelhouders en haar bestuurders)en kan alle kosten maken en investeringen doen die zij nodig of wenselijk acht.
  3. De vennootschap mag betrokken zijn bij wijze van inbreng,fusie,inschrijving of op elke andere wijze in ondernemingen,verenigingen of vennootschappen,die een gelijkaardig,soortgelijk of samenhangend voorwerp hebben of die nuttig zijn voor de verwezenlijking van het geheel of een gedeelte van haar voorwerp en doelen.
  4. De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
deed of 08-01-2020 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Grote Bergen 15a registered office 2830 Willebroek 63920 Other information service activities 06-01-2020 2.300.886.520
1 former office
  • Hoge Weg 17, 2830 Willebroek until 30-06-2021 · deed of 14-07-2021

Buildings and parcels at the address

Ground area
640 m²
Buildings
119 m²
Volume, LiDAR
640 m³
Tallest building
8.5 m
Buildings to scale, each on its own parcel
119 m², 8.5 m 119 m², 8.5 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
12013A0125/00P000640 m² 1 · 119 m² 8.5 m · 2

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0740.759.009

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