We Make Magic
ActiveSummary
We Make Magic has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79k and a net result of €32k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+20
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 5.21 against 1.76 in 2024; short-term debt: 16.9% and cash: 75.2% of total assets), and 16.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.1%
Return on assets
34.2%
Age of the figures
9 mo
neutral · Filed after the deadline
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. 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 · 6 filingsDeviation from the deadline
2025
25 d late
2024
26 d late
2023
26 d early
2022
43 d late
2021
19 d late
2020
24 d late
← 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
€79k▲ 69.8%
2024 · €46k
2020: €68k
2021: €39k▼ -42.5% vs 2020lowest in 6 years
2022: €51k▲ +29.6% vs 2021
2023: €46k▼ -8.8% vs 2022
2024: €46k● 0.0% vs 2023
2025: €79k▲ +69.8% vs 2024highest in 6 years
2020 → 2025
Total assets
€95k▲ 12.3%
2024 · €84k
2020: €138khighest in 6 years
2021: €70k▼ -49.0% vs 2020lowest in 6 years
2022: €94k▲ +34.2% vs 2021
2023: €113k▲ +20.1% vs 2022
2024: €84k▼ -25.4% vs 2023
2025: €95k▲ +12.3% vs 2024
2020 → 2025
Net result
€32k▲ 25.8%
2024 · €26k
2020: €65khighest in 6 years
2021: €-29k▼ -144% vs 2020lowest in 6 years
2022: €44k▲ +253% vs 2021
2023: €36k▼ -19.9% vs 2022
2024: €26k▼ -27.7% vs 2023
2025: €32k▲ +25.8% vs 2024
2020 → 2025
Working capital
€67k▲ 133%
2024 · €29k
2020: €64k
2021: €34k▼ -47.7% vs 2020
2022: €45k▲ +33.1% vs 2021
2023: €21k▼ -53.0% vs 2022lowest in 6 years
2024: €29k▲ +36.5% vs 2023
2025: €67k▲ +133% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€51k▲ 29.6%€46k▼ 8.8%€46k=€79k▲ 69.8%
2021: €39klowest in 5 years
2022: €51k▲ +29.6% vs 2021
2023: €46k▼ -8.8% vs 2022
2024: €46k● 0.0% vs 2023
2025: €79k▲ +69.8% vs 2024highest in 5 years
Operating result€-29k-€49k€46k▼ 6.8%€33k▼ 29.2%€42k▲ 28.8%
2021: €-29klowest in 5 years
2022: €49k▲ +272% vs 2021highest in 5 years
2023: €46k▼ -6.8% vs 2022
2024: €33k▼ -29.2% vs 2023
2025: €42k▲ +28.8% vs 2024
Net result€-29k-€44k€36k▼ 19.9%€26k▼ 27.7%€32k▲ 25.8%
2021: €-29klowest in 5 years
2022: €44k▲ +253% vs 2021highest in 5 years
2023: €36k▼ -19.9% vs 2022
2024: €26k▼ -27.7% vs 2023
2025: €32k▲ +25.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95k
Fixed assets
€12k ▼ 34.3%
Current assets
€83k ▲ 24.6%
Equity and liabilities €95k
Equity
€79k ▲ 69.8%
Debt
€16k ▼ 57.9%
Debt's share of the balance-sheet total falls from 45.0% to 16.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48k▲
2024 · €40k
Cash flow
€38k▲
2024 · €33k
Current ratio
5.21▲
2024 · 1.76
Debt to equity
0.20▼
2024 · 0.82
ROE
41.1%▼
2024 · 55.4%
ROA
34.2%▲
2024 · 30.5%
Interest coverage
594.89▲
2024 · 539.03
Debt ≤ 1 year
€16k▼
2024 · €38k
Income taxes
€10k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€84k€95k▲
Fixed assets21/28€18k€12k▼
Tangible fixed assets22/27€18k€12k▼
Plant, machinery and equipment23€0€0▼
Furniture and vehicles24€16k€11k▼
Other tangible fixed assets26€1k€727▼
Current assets29/58€67k€83k▲
Amounts receivable within one year40/41€33k€11k▼
Trade receivables40€10k€11k▲
Other amounts receivable41€23k€0▼
Cash at bank and in hand54/58€33k€71k▲
Deferred charges and accrued income490/1€656€656=
Equity and liabilities
Total equity and liabilities10/49€84k€95k▲
Equity10/15€46k€79k▲
Contributions10/11€3k€3k=
Reserves13€43k€76k▲
Distributable reserves133€43k€76k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€38k€16k▼
Amounts payable within one year42/48€38k€16k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€13k€11k▼
Taxes450/3€13k€11k▼
Other amounts payable47/48€22k€41▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€721€967▲
Non-recurring operating charges66A€0-
Gross operating margin9900€40k€49k▲
Operating profit (loss)9901€33k€42k▲
Financial income75/76B€735€0▼
Recurring financial income75€735€0▼
Financial charges65/66B€74€81▲
Recurring financial charges65€74€81▲
Profit (loss) for the period before taxes9903€33k€42k▲
Income taxes67/77€8k€10k▲
Profit (loss) for the period9904€26k€32k▲
Profit (loss) for the period to be appropriated9905€26k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€32k▲
Transfer from equity791/2€0-
Transfer to equity691/2-€32k
To other reserves6921-€32k
Profit to be distributed694/7€26k€0▼
Return on contributions (dividend)694€26k€0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €136 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €3k | €7k | €7k | €6k | ▼ 14.2% |
| Other operating charges640/8 | €346 | €699 | €721 | €721 | €967 | ▲ 34.2% |
| Non-recurring operating charges66A | - | €437 | €259 | €0 | - | - |
| Gross operating margin9900 | €-27k | €53k | €54k | €40k | €49k | ▲ 21.4% |
| Operating profit (loss)9901 | €-29k | €49k | €46k | €33k | €42k | ▲ 28.8% |
| Financial income75/76B | €0 | €328 | €328 | €735 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €328 | €328 | €735 | €0 | ▼ 100% |
| Financial charges65/66B | €104 | €254 | €95 | €74 | €81 | ▲ 9.8% |
| Recurring financial charges65 | €104 | €254 | €95 | €74 | €81 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | €-29k | €49k | €46k | €33k | €42k | ▲ 26.0% |
| Income taxes67/77 | €147 | €5k | €11k | €8k | €10k | ▲ 26.5% |
| Profit (loss) for the period9904 | €-29k | €44k | €36k | €26k | €32k | ▲ 25.8% |
| Profit (loss) for the period to be appropriated9905 | €-29k | €44k | €36k | €26k | €32k | ▲ 25.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70k | €94k | €113k | €84k | €95k | ▲ 12.3% |
| Fixed assets21/28 | €6k | €6k | €25k | €18k | €12k | ▼ 34.3% |
| Tangible fixed assets22/27 | €6k | €6k | €25k | €18k | €12k | ▼ 34.3% |
| Plant, machinery and equipment23 | €1k | €2k | €1k | €0 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1k | €615 | €22k | €16k | €11k | ▼ 32.7% |
| Other tangible fixed assets26 | €3k | €3k | €2k | €1k | €727 | ▼ 51.3% |
| Current assets29/58 | €65k | €88k | €88k | €67k | €83k | ▲ 24.6% |
| Amounts receivable after more than one year29 | - | €26k | €0 | - | - | - |
| Other amounts receivable291 | - | €26k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €1k | €11k | €7k | €33k | €11k | ▼ 65.9% |
| Trade receivables40 | €0 | €11k | €7k | €10k | €11k | ▲ 10.2% |
| Other amounts receivable41 | €1k | €0 | - | €23k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €63k | €50k | €80k | €33k | €71k | ▲ 116% |
| Deferred charges and accrued income490/1 | - | €656 | €656 | €656 | €656 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70k | €94k | €113k | €84k | €95k | ▲ 12.3% |
| Equity10/15 | €39k | €51k | €46k | €46k | €79k | ▲ 69.8% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €65k | €48k | €43k | €43k | €76k | ▲ 74.6% |
| Distributable reserves133 | €65k | €48k | €43k | €43k | €76k | ▲ 74.6% |
| Profit (loss) carried forward14 | €-29k | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €31k | €43k | €67k | €38k | €16k | ▼ 57.9% |
| Amounts payable within one year42/48 | €31k | €43k | €67k | €38k | €16k | ▼ 57.9% |
| Trade debts44 | €2k | €1k | €3k | €3k | €2k | ▼ 47.7% |
| Suppliers440/4 | €2k | €1k | €3k | €3k | €2k | ▼ 47.7% |
| Advances received on contracts in progress46 | - | - | - | - | €3k | - |
| Taxes, remuneration and social security45 | €29k | €15k | €28k | €13k | €11k | ▼ 13.6% |
| Taxes450/3 | €26k | €15k | €28k | €13k | €11k | ▼ 13.6% |
| Remuneration and social security454/9 | €3k | €0 | - | - | - | - |
| Other amounts payable47/48 | €0 | €27k | €35k | €22k | €41 | ▼ 99.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-29k | €44k | €36k | €26k | €32k | ▲ 25.8% |
| + Depreciation and write-downs630 | €1k | €3k | €7k | €7k | €6k | ▼ 14.2% |
| Operating cash flow (approximation) | €-28k | €47k | €43k | €33k | €38k | ▲ 17.2% |
| Investment in fixed assets (approximation) | - | €-3k | €-26k | €654 | €0 | ▼ 100% |
| Change in cash | - | €-14k | €30k | €-47k | €38k | ▲ 182% |
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
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 5.21
Current ratio from 1.76 to 5.21; short-term debt falls from €38k to €16k.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 43 days late
2022
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
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, Leuven · 1 establishment unit since 2019
Ground area
1,242 m²
Building footprint
506 m²
Volume, LiDAR
8,121 m³
Parcel 24051A0083/00V006, Flanders · tallest building 19.2 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
We Make Magic
since 20192.290.563.740
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24051A0083/00V006 | Flanders | 1,242 m² | 1 · 506 m² | 19.2 m · 5 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.
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,398 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
Founded27-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
58290Other software publishing
62100Computer programming
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.