Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Magic Loom from Charleroi, company number BE0772899166, closed financial year 2023 with a result of € -191,760 after tax. For that financial year Magic Loom recorded a gross margin of € -51,963 and equity of € -50,159. Compared with financial year 2022, the result moved from € -255,025 to € -191,760. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 18, 2024.
€ -50,159
▼ € 99,260 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -191,760
▲ 25 % less loss than in 2022
Profit after tax over the fiscal year.
€ 56,095
▼ 37% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -610,159.
People and assets in 2023
€ 220,349
▼ 27% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 452,961
▼ 10% vs 2022
€ 79,975 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 51,584
▼ 10% vs 2022
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € -117,542 | € -120,062 | € -51,963 | ▲ € 68,099 |
| Profit after taxes | € -163,375 | € -255,025 | € -191,760 | ▲ € 63,265 |
| Equity | € 286,625 | € 49,100 | € -50,159 | ▼ € 99,260 |
| Total debts | € 414,194 | € 587,330 | € 504,545 | ▼ 14% |
| Cash | € 114,728 | € 88,603 | € 56,095 | ▼ 37% |
| Retained profit | € -163,375 | € -418,400 | € -610,159 | ▼ € 191,760 |
| Bank debt | € 395,214 | € 501,935 | € 452,961 | ▼ 10% |
| Balance sheet total | € 700,820 | € 636,430 | € 454,386 | ▼ 29% |
Key figures of Magic Loom, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Magic Loom?
What happened at Magic Loom in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Magic Loom is active according to the CBE. Legal situation: Opening faillissement.
- Walravens Boris stepped down as director. NBB
- Hervé Verloes stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 191,760. filed late Source: NBB ↗
- K6 Animation Institute SRL stepped down as director. NBB
- Benoit Logé stepped down as director. NBB
- Jean-Louis Billard stepped down as director. NBB
- Dreamwall SA stepped down as director. NBB
- Fonds de Capital à Risque 2000 SA stepped down as director. NBB
In short
From € 163,375 loss in 2021 to € 191,760 loss in 2023.
Management
The shares are held by Fonds de Capital à Risque 2000 SA (15.4%), Softcell Consulting SRL (10.3%), K6 Animation Institute SA (5.1%) and Dreamwall SA (5.1%).
Directors
According to the 2023 annual accounts
Director · represented by Abecassis Laurent
since 2021 · until 2024
Walravens Boris
Managing director
since 2021 · until 2027
Hervé Verloes
Managing director
since 2021 · until 2027
since 2021 · until 2024
Jean-Louis Billard
Director
since 2021 · until 2024
Director · represented by Thibault Baras
Also active at: REGIE MEDIA BELGE, GO WEST INVEST
since 2021 · until 2024
Fonds de Capital à Risque 2000 SA
Director · represented by Flavia Pati
Also active at: MintT, LYS MEDICAL, APAXEN, STEEL ESTATE, ConvEyXo, DIGIT 89, KOKUMA, Stellaris
since 2021 · until 2024
Director · represented by Odile Malevé
Owns 1.3% via Dreamwall SA
Also active at: Belga-Films, nWave Studios, The Pack, N-ZONE, CYANVIEW, Belgian Heroes, Lucky Way Game, SUPERBE +10 more
since 2021 · until 2024
Shareholders
10.3%
Dreamwall SA · holding of Wallimage SA
5.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Destrée 52
6001 Charleroi
Van Eyckstraat 11 box B
1050 Elsene
Active since 26 August 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
magicloom.studio
Registered
2020-11-02
Registrar
OVH SAS
Expires
2026-11-02
Website info
Features
Security
Network
Details
- Company number
- 0772.899.166
- VAT number
- BE 0772.899.166
- Registered office
- Rue Destrée 52, 6001 Charleroi
- Names & denominations
- Magic Loom
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 26 August 2021
- Peppol
- Not registered
- Activities · NACE
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