WOOD MAGIC
ActiveWOOD MAGIC has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €142k and a net result of €-5k. Equity is growing by ~32.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-54
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 48.93 against 15.72 in 2023), and 1.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
98.1%
Return on assets
-3.4%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-06-2025, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
47 d early
2023
7 d early
2022
68 d early
2021
37 d early
2020
31 d late
2019
42 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€142k▼ 3.3%
2023 · €146k
2018: €35k
2019: €45k
2020: €60k
2021: €97k
2022: €131k
2023: €146k
2018 → 2024
Total assets
€144k▼ 6.9%
2023 · €155k
2018: €59k
2019: €61k
2020: €89k
2021: €152k
2022: €161k
2023: €155k
2018 → 2024
Net result
€-5k
2023 · €16k
2018: €-3k
2019: €11k
2020: €15k
2021: €37k
2022: €34k
2023: €16k
2018 → 2024
Working capital
€128k▲ 3.5%
2023 · €124k
2018: €14k
2019: €23k
2020: €40k
2021: €71k
2022: €106k
2023: €124k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€60k-€97k▲ 61.3%€131k▲ 34.7%€146k▲ 12.1%€142k▼ 3.3%
Operating result€18k-€55k▲ 210%€50k▼ 8.9%€31k▼ 38.0%€-13k
Net result€15k-€37k▲ 149%€34k▼ 8.7%€16k▼ 53.2%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13k after €31k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €144k
Fixed assets
€13k▼ 41.1%
Current assets
€131k▼ 1.1%
Equity and liabilities €144k
Equity
€142k▼ 3.3%
Debt
€3k▼ 68.2%
The debt ratio falls from 5.4% to 1.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-2k▼
2023 · €41k
Cash flow
€6k▼
2023 · €26k
Solvency
98.1%▲
2023 · 94.6%
Current ratio
48.93▲
2023 · 15.72
Quick ratio
48.93▲
2023 · 15.72
Debt / equity
0.02▼
2023 · 0.06
ROE
-3.5%▼
2023 · 10.8%
ROA
-3.4%▼
2023 · 10.2%
Interest coverage
-12.73▼
2023 · 144.06
Debt
€3k▼
2023 · €8k
Debt ≤ 1 year
€3k▼
2023 · €8k
Income taxes
€-6k▼
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€155k€144k▼
Fixed assets21/28€22k€13k▼
Tangible fixed assets22/27€22k€13k▼
Land and buildings22€2k€1k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€17k€10k▼
Financial fixed assets28€75€75=
Current assets29/58€132k€131k▼
Amounts receivable within one year40/41€52k€52k▼
Trade receivables40€20k€15k▼
Other amounts receivable41€32k€37k▲
Cash at bank and in hand54/58€75k€78k▲
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€155k€144k▼
Equity10/15€146k€142k▼
Contributions10/11€12k€12k=
Reserves13€102k€102k=
Distributable reserves133€102k€102k=
Profit (loss) carried forward14€32k€27k▼
Amounts payable17/49€8k€3k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€8k€3k▼
Current portion of amounts payable after more than one year42€3k€0▼
Trade debts44€4k€858▼
Suppliers440/4€4k€858▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€44k€-379▼
Operating profit (loss)9901€31k€-13k▼
Financial income75/76B€80€2k▲
Recurring financial income75€80€2k▲
Financial charges65/66B€285€156▼
Recurring financial charges65€285€156▼
Profit (loss) for the period before taxes9903€31k€-11k▼
Income taxes67/77€15k€-6k▼
Profit (loss) for the period9904€16k€-5k▼
Profit (loss) for the period to be appropriated9905€16k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€27k▼
Profit (loss) brought forward from the previous period14P€16k€32k▲
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-5k ▼131%
Net result drops to €-5k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 48.93
Current ratio from 15.72 to 48.93; short-term debt falls from €8k to €3k.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 15.72
Current ratio from 4.97 to 15.72; short-term debt falls from €27k to €8k.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €131k ▲34.7%
4 profitable years in a row build equity to €131k.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €37k ▲149%
Operating result €55k, net result €37k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
2016
13-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 44 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-10-2025
Sandy Jesscia De Backer: Resigned as Director
06-10-2021
Kristof De Smet: Resigned as Director
Location & real-estate footprint
Registered office, Haaltert · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beekstraat(KE) 459451 HaaltertGround area
615 m²
Building footprint
358 m²
Volume, LiDAR
1,455 m³
Parcel 41033B0615/00F000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
WOOD MAGIC
since 20102.189.585.354
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41033B0615/00F000 | Flanders | 615 m² | 1 · 358 m² | 7.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 · 1 entry · 109 EUR awarded · 109 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 109 EUR | 109 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 19,948 companies in sector 43320 we hold annual accounts for 9,084. 7,620 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2010
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
31009Manufacture of furniture
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.