ABYSSAL PROCESS
ActiveSummary
ABYSSAL PROCESS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€144,266) and a net result of -€208,268. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 11% of 1541 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-43
Growth55▼-13
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.94 against 1.53 in 2024; short-term debt: 48.7% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-50.7%
Return on assets
-73.1%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€144,266
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
71 d late
2023
30 d late
2022
30 d late
2021
59 d late
2020
7 d early
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€1.2m▲ 14.6%
2019 · €1.1m
EBIT margin
-2.1%▼ 6.4pp
2019 · 4.3%
Net result
-€208,268▼ 285%
2024 · -€54,064
Working capital
€129,733▲ 14.6%
2024 · €113,219
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€11,440€84,910▲ 642%€25,947▼ 69.4%-€51,238-€199,960▼ 290%
Net result€5,603within the sector's middle half€59,211above the sector's middle half▲ 957%€14,441within the sector's middle half▼ 75.6%-€54,064below the sector's middle half-€208,268below the sector's middle half▼ 285%
EBIT margin
Equity€59,414within the sector's middle half▲ 10.4%€103,625within the sector's middle half▲ 74.4%€118,066above the sector's middle half▲ 13.9%€64,002within the sector's middle half▼ 45.8%-€144,266below the sector's middle half
Total assets€269,930above the sector's middle half▲ 20.4%€321,979above the sector's middle half▲ 19.3%€420,292above the sector's middle half▲ 30.5%€351,005above the sector's middle half▼ 16.5%€284,772above the sector's middle half▼ 18.9%
Debt€210,516▲ 23.5%€218,354▲ 3.7%€302,226▲ 38.4%€287,003▼ 5.0%€429,038▲ 49.5%
Working capital€71,682within the sector's middle half▲ 2.9%€112,738above the sector's middle half▲ 57.3%€115,515above the sector's middle half▲ 2.5%€113,219above the sector's middle half▼ 2.0%€129,733above the sector's middle half▲ 14.6%
Solvency22.0%within the sector's middle half▼ 2.0pp32.2%within the sector's middle half▲ 10.2pp28.1%within the sector's middle half▼ 4.1pp18.2%within the sector's middle half▼ 9.9pp-50.7%below the sector's middle half▼ 68.9pp
Current ratio1.38within the sector's middle half▼ 0.101.58within the sector's middle half▲ 0.191.41within the sector's middle half▼ 0.161.53within the sector's middle half▲ 0.121.94within the sector's middle half▲ 0.41
Return on assets (ROA)2.1%within the sector's middle half▲ 14.2pp18.4%above the sector's middle half▲ 16.3pp3.4%within the sector's middle half▼ 15.0pp-15.4%below the sector's middle half▼ 18.8pp-73.1%below the sector's middle half▼ 57.7pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €199,960 in 2025 against €51,238 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €284,772
Fixed assets
€16,442 ▼ 30.3%
Current assets
€268,330 ▼ 18.0%
Key figures and ratios
EBITDA
-€192,800▼
2024 · -€43,446
Cash flow
-€201,108▼
2024 · -€46,272
Debt to equity
-2.97▼
2024 · 4.48
Interest coverage
-23.66▲
2024 · -24.71
Debt ≤ 1 year
€138,597▼
2024 · €214,184
Debt > 1 year
€290,441▲
2024 · €72,819
Income taxes
€160▼
2024 · €1,068
Staff costs
€46,375▼
2024 · €86,947
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,940 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €34,886 | €43,965 | €86,947 | €46,375 | ▼ 46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,246 | €5,452 | €7,802 | €7,792 | €7,160 | ▼ 8.1% |
| Other operating charges640/8 | €9,149 | €17,181 | €16,142 | €7,614 | €104,928 | ▲ 1,278% |
| Gross operating margin9900 | €25,835 | €142,429 | €93,856 | €51,115 | -€41,497 | ▼ 181% |
| Operating profit (loss)9901 | €11,440 | €84,910 | €25,947 | -€51,238 | -€199,960 | ▼ 290% |
| Financial income75/76B | €7 | - | - | - | - | - |
| Recurring financial income75 | €7 | - | - | - | - | - |
| Financial charges65/66B | €844 | €801 | €1,506 | €1,758 | €8,148 | ▲ 363% |
| Recurring financial charges65 | €844 | €801 | €1,506 | €1,758 | €8,148 | ▲ 363% |
| Profit (loss) for the period before taxes9903 | €10,603 | €84,109 | €24,441 | -€52,996 | -€208,108 | ▼ 293% |
| Income taxes67/77 | €5,000 | €24,898 | €10,000 | €1,068 | €160 | ▼ 85.0% |
| Profit (loss) for the period9904 | €5,603 | €59,211 | €14,441 | -€54,064 | -€208,268 | ▼ 285% |
| Profit (loss) for the period to be appropriated9905 | €5,603 | €59,211 | €14,441 | -€54,064 | -€208,268 | ▼ 285% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €269,930 | €321,979 | €420,292 | €351,005 | €284,772 | ▼ 18.9% |
| Fixed assets21/28 | €10,551 | €13,706 | €25,370 | €23,602 | €16,442 | ▼ 30.3% |
| Intangible fixed assets21 | - | - | €4,309 | €3,319 | €2,329 | ▼ 29.8% |
| Tangible fixed assets22/27 | €7,551 | €10,706 | €11,453 | €10,675 | €4,505 | ▼ 57.8% |
| Furniture and vehicles24 | €5,618 | €9,155 | €10,249 | €9,818 | €3,996 | ▼ 59.3% |
| Other tangible fixed assets26 | €1,933 | €1,551 | €1,204 | €857 | €509 | ▼ 40.6% |
| Financial fixed assets28 | €3,000 | €3,000 | €9,608 | €9,608 | €9,608 | = |
| Current assets29/58 | €259,379 | €308,273 | €394,922 | €327,403 | €268,330 | ▼ 18.0% |
| Amounts receivable within one year40/41 | €141,278 | €277,193 | €189,508 | €327,403 | €268,330 | ▼ 18.0% |
| Trade receivables40 | €36,004 | €140,930 | €98,868 | €167,000 | €139,739 | ▼ 16.3% |
| Other amounts receivable41 | €105,274 | €136,263 | €90,640 | €160,403 | €128,591 | ▼ 19.8% |
| Cash at bank and in hand54/58 | €118,101 | €31,080 | €205,414 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €269,930 | €321,979 | €420,292 | €351,005 | €284,772 | ▼ 18.9% |
| Equity10/15 | €59,414 | €103,625 | €118,066 | €64,002 | -€144,266 | ▼ 325% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €61,860 | €61,860 | €61,860 | €61,860 | €61,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Profit (loss) carried forward14 | -€8,646 | €35,565 | €50,006 | -€4,058 | -€212,326 | ▼ 5,132% |
| Amounts payable17/49 | €210,516 | €218,354 | €302,226 | €287,003 | €429,038 | ▲ 49.5% |
| Amounts payable after more than one year17 | €22,819 | €22,819 | €22,819 | €72,819 | €290,441 | ▲ 299% |
| Financial debts170/4 | €22,819 | €22,819 | €22,819 | €72,819 | €290,441 | ▲ 299% |
| Amounts payable within one year42/48 | €187,697 | €195,535 | €279,407 | €214,184 | €138,597 | ▼ 35.3% |
| Financial debts43 | - | - | - | €54,628 | €81,286 | ▲ 48.8% |
| Credit institutions430/8 | - | - | - | - | €81,286 | - |
| Other loans439 | - | - | - | €54,628 | - | - |
| Trade debts44 | €182,536 | €56,542 | €221,736 | €99,050 | €10,384 | ▼ 89.5% |
| Suppliers440/4 | €182,536 | €56,542 | €221,736 | €99,050 | €10,384 | ▼ 89.5% |
| Advances received on contracts in progress46 | - | €91,669 | €25,371 | - | - | - |
| Taxes, remuneration and social security45 | €675 | €10,284 | €2,768 | €18,038 | €10,338 | ▼ 42.7% |
| Taxes450/3 | €675 | €3,265 | - | €2,578 | - | - |
| Remuneration and social security454/9 | - | €7,019 | €2,768 | €15,460 | €10,338 | ▼ 33.1% |
| Other amounts payable47/48 | €4,486 | €37,040 | €29,532 | €42,468 | €36,589 | ▼ 13.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,603 | €59,211 | €14,441 | -€54,064 | -€208,268 | ▼ 285% |
| + Depreciation and write-downs630 | €5,246 | €5,452 | €7,802 | €7,792 | €7,160 | ▼ 8.1% |
| Operating cash flow (approximation) | €10,849 | €64,663 | €22,243 | -€46,272 | -€201,108 | ▼ 335% |
| Investment in fixed assets (approximation) | - | -€8,607 | -€19,466 | -€6,024 | €0 | ▲ 100% |
| Change in cash | - | -€87,021 | €174,334 | - | - | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
13-07
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 26-06-2026
- Registered-office move, Rue de la Croix de Pierre,68-1060 Saint-Gilles
2025
31-12
Financial
Weakest financial yearnet -€208,268
Net result drops to -€208,268, the lowest in the series.
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €59,211 ▲957%
Operating result €84,910, net result €59,211, both a record.
31-12
Financial
Equity above €100,000Eq €103,625 ▲74.4%
2 profitable years in a row build equity to €103,625.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
31-12
Financial
Back to profitnet €5,603
Net result €5,603 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
Show earlier events
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1 day late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2013
Ground area
289 m²
Building footprint
231 m²
Volume, LiDAR
2,885 m³
Parcel 21013B0056/00D007, Brussels · tallest building 20.0 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Stenen-Kruisstraat 68, 1060 Sint-Gillis (bij-Brussel)
since 20132.222.820.029
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0056/00D007 | Brussels | 289 m² | 1 · 231 m² | 20.0 m · 4 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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2024 · 2 entries · 58,000 EUR in total| Year | Entries | paid |
|---|---|---|
| 2024 | 1 | 34,000 EUR |
| 2021 | 1 | 24,000 EUR |
Budget allocations
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Of 1,319 companies in sector 59111 we hold annual accounts for 688. 520 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
Founded09-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
59111Production of cinema films
59113Video and film production, excluding cinema and television films
Contact
E-mail
giuseppe@abyssal.tv
Phone
0485293089
E-invoicing
Reachable via Peppol
Peppol ID
0208:0540662261
Also
9925:BE0540662261
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.