Turnover
≈ €160,000 estimated
The micro format states no turnover.
We Make Magic
Lifetime
6 annual accounts with figures on one time axispeak €92,350 (2020)
€48,969▲ 21.4%
lowest -€29,005 (2021)
€32,369▲ 25.8%
peak €78,766 (2025)
€78,766▲ 69.8%
€15,968▼ 57.9%
Board1 name since 2019
1 directorBOOGAERTS Thomas Bernard Martin
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €40,345 to €48,969Result from €25,721 to €32,369Equity from €46,397 to €78,766Debts from €37,950 to €15,968Cash from €32,978 to €71,202
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 84% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 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%▲ +0.1 percentage points vs 07-2025
09-2025: < 0.1%▼ -0.1 percentage points 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 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 5.21, cash €71,202
Sector: Computer programming, consultancy and related activities (NACE 62)
Equity €78,766 (83.1% of total assets)
Size: total assets €94,734
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 62, micro). It does better than 85% of them on solvency, 86% on liquidity, 82% on profitability and 85% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 26,972 companies had the same profile as We Make Magic has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of We Make Magic itself is lower: < 0.1% within 12 months. It rests on far more data about We Make Magic 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.
| 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 26,972 companies, not a prediction for We Make Magic. 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 €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.21 (1.76 in 2024), above the usual 1.5. Short-term debt is 16.9% and cash 75.2% of total assets. 16.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
25 days late
2024
26 days late
2023
26 days early
2022
43 days late
2021
19 days late
2020
24 days late
← 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 19 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 25 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0728949852
Registered office moved from Leuven to Kessel-Lo
New registered office: Edelzangerslaan 25 bus 302-3010 Kessel-Lo (Leuven) · Previous registered office: Spaarstraat 141 bus 002-3001 Leuven · Board meeting of 09-12-2021 · Gazette deed
Registered office moved to Leuven
New registered office: Spaarstraat 141 bus 002 te 3010 Leuven · Board meeting of 01-08-2020 · Gazette deed
Incorporation
Founder: BOOGAERTS Thomas Bernard Martin · Founding capital of €3,000, 100 shares · Appointment: BOOGAERTS Thomas Bernard Martin (director) · published on 01-07-2019 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as We Make Magic: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €82,700 and €111,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 27-06-2019Normal situation
- Activity
- Other information technology and computer servicesNACE 62900and 3 others
- Establishment unit
- 2.290.563.7403010 Leuven, since 27-06-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Insights on We Make Magic
We Make Magic files the micro format. That format states no turnover. The gross margin fell from €92,350 in 2020 to €48,969 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about We Make Magic
- What is the company number of We Make Magic?
- The company number of We Make Magic is 0728.949.852. The VAT number is the same number with BE in front: BE 0728.949.852.
- Where is We Make Magic based?
- The registered office is at Edelzangerslaan 25, 3010 Leuven.Company details
- What does We Make Magic do?
- According to the KBO register, the main activity is other information technology and computer services (NACE 62900).
- What is the legal form of We Make Magic?
- We Make Magic is a private limited company (BV).
- When was We Make Magic founded?
- We Make Magic was founded on 27-06-2019.
- Is We Make Magic still active?
- Yes, We Make Magic is an active enterprise in the KBO register.
- What is the turnover of We Make Magic?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €48,969 and 84 comparable companies (NACE 62). It probably lies between €130,000 and €210,000.Financials
- Is We Make Magic profitable?
- In financial year 2025, We Make Magic made a profit of €32,369.
- Where can I find the annual accounts of We Make Magic?
- We Make Magic filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of We Make Magic due?
- We Make Magic must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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