ANDA LUZ
ActiveSummary
ANDA LUZ has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €118,278 and a net result of -€24,130. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 1931 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability29▼-18
Solvency32▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.73 against 0.78 in 2023; short-term debt: 21.6% and cash: 3.5% of total assets), but 92.9% of the assets are financed with debt.
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Signals
Five 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 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 · 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
7.1%
Return on assets
-1.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1931 sector peers (2024).
NBB · sector comparisonPosition among 1931 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
43 d late
2023
27 d late
2022
4 d early
2021
10 d early
2020
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€118,278▼ 16.9%
2023 · €142,409
Total assets
€1.7m▲ 86.1%
2023 · €893,205
Net result
-€24,130
2023 · €12,792
Working capital
€621,366
2023 · -€51,384
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
Line20212022202320232024
Operating result€60,976▲ 203%€45,914▼ 24.7%€24,416▼ 46.8%€21,162--€69
Net result€29,255above the sector's middle half▲ 221%€25,696within the sector's middle half▼ 12.2%€7,682within the sector's middle half▼ 70.1%€12,792within the sector's middle half--€24,130below the sector's middle half
Equity€96,239within the sector's middle half▲ 43.7%€121,935within the sector's middle half▲ 26.7%€129,617above the sector's middle half▲ 6.3%€142,409above the sector's middle half-€118,278above the sector's middle half▼ 16.9%
Total assets€441,844above the sector's middle half▲ 0.5%€497,512above the sector's middle half▲ 12.6%€1.0mabove the sector's middle half▲ 105%€893,205above the sector's middle half-€1.7mabove the sector's middle half▲ 86.1%
Debt€345,605▼ 7.3%€375,577▲ 8.7%€890,094▲ 137%€750,797-€1.5m▲ 106%
Working capital€38,708within the sector's middle half▲ 39.0%€1,761within the sector's middle half▼ 95.5%-€36,573below the sector's middle half-€51,384below the sector's middle half-€621,366above the sector's middle half
Solvency21.8%within the sector's middle half▲ 6.5pp24.5%within the sector's middle half▲ 2.7pp12.7%below the sector's middle half▼ 11.8pp15.9%within the sector's middle half-7.1%below the sector's middle half▼ 8.8pp
Current ratio1.60within the sector's middle half▲ 0.161.01within the sector's middle half▼ 0.580.90below the sector's middle half▼ 0.120.78below the sector's middle half-2.73within the sector's middle half▲ 1.95
Return on assets (ROA)6.6%within the sector's middle half▲ 4.5pp5.2%within the sector's middle half▼ 1.5pp0.8%within the sector's middle half▼ 4.4pp1.4%within the sector's middle half--1.5%within the sector's middle half▼ 2.9pp
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
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets
€681,912 ▼ 3.7%
Current assets
€980,373 ▲ 430%
Equity and liabilities €1.7m
Equity
€118,278 ▼ 16.9%
Debt
€1.5m ▲ 106%
Debt's share of the balance-sheet total rises from 84.1% to 92.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€33,138▼
2023 · €53,088
Cash flow
€9,076▼
2023 · €44,718
Debt to equity
13.05▲
2023 · 5.27
ROE
-20.4%▼
2023 · 9.0%
Interest coverage
1.39▼
2023 · 3.23
Debt ≤ 1 year
€359,007▲
2023 · €236,342
Debt > 1 year
€504,900▼
2023 · €512,384
Income taxes
€187▲
2023 · -€2,797
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.4%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 912 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 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12,397 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,804 | €6,993 | €16,390 | €31,926 | €33,207 | ▲ 4.0% |
| Other operating charges640/8 | - | €31,799 | €32,356 | €25,268 | €4,718 | ▼ 81.3% |
| Gross operating margin9900 | €101,602 | €84,707 | €73,162 | €78,356 | €37,856 | ▼ 51.7% |
| Operating profit (loss)9901 | €60,976 | €45,914 | €24,416 | €21,162 | -€69 | ▼ 100% |
| Financial income75/76B | - | €1,073 | €967 | €5,255 | €0 | ▼ 100% |
| Recurring financial income75 | €1,436 | €1,073 | €967 | €5,255 | €0 | ▼ 100% |
| Financial charges65/66B | - | €7,915 | €12,352 | €16,422 | €23,874 | ▲ 45.4% |
| Recurring financial charges65 | €14,495 | €7,915 | €12,352 | €16,422 | €23,874 | ▲ 45.4% |
| Profit (loss) for the period before taxes9903 | €47,918 | €39,072 | €13,030 | €9,995 | -€23,943 | ▼ 340% |
| Income taxes67/77 | €18,663 | €13,376 | €5,349 | -€2,797 | €187 | ▲ 107% |
| Profit (loss) for the period9904 | €29,255 | €25,696 | €7,682 | €12,792 | -€24,130 | ▼ 289% |
| Profit (loss) for the period to be appropriated9905 | €29,255 | €25,696 | €7,682 | €12,792 | -€24,130 | ▼ 289% |
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €441,844 | €497,512 | €1.0m | €893,205 | €1.7m | ▲ 86.1% |
| Fixed assets21/28 | €338,223 | €369,426 | €697,261 | €708,247 | €681,912 | ▼ 3.7% |
| Tangible fixed assets22/27 | €338,223 | €369,426 | €695,866 | €706,852 | €680,517 | ▼ 3.7% |
| Land and buildings22 | - | €364,930 | €675,141 | €678,588 | €653,869 | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €2,650 | €8,792 | €10,183 | €13,290 | ▲ 30.5% |
| Furniture and vehicles24 | - | €1,846 | €11,933 | €18,082 | €13,358 | ▼ 26.1% |
| Financial fixed assets28 | €0 | - | €1,395 | €1,395 | €1,395 | = |
| Current assets29/58 | €103,621 | €128,085 | €322,450 | €184,958 | €980,373 | ▲ 430% |
| Amounts receivable after more than one year29 | - | €30,274 | €152,615 | €148,830 | €163,530 | ▲ 9.9% |
| Trade receivables290 | - | - | €125,106 | €0 | - | - |
| Other amounts receivable291 | - | €30,274 | €27,509 | €148,830 | €163,530 | ▲ 9.9% |
| Amounts receivable within one year40/41 | €29,121 | €80,286 | €161,857 | €27,487 | €757,850 | ▲ 2,657% |
| Trade receivables40 | - | €74,036 | €43,469 | €23,701 | €754,066 | ▲ 3,082% |
| Other amounts receivable41 | - | €6,250 | €118,388 | €3,786 | €3,784 | = |
| Cash at bank and in hand54/58 | €40,635 | €17,526 | €7,528 | €2,145 | €58,223 | ▲ 2,614% |
| Deferred charges and accrued income490/1 | - | - | €450 | €6,496 | €770 | ▼ 88.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €441,844 | €497,512 | €1.0m | €893,205 | €1.7m | ▲ 86.1% |
| Equity10/15 | €96,239 | €121,935 | €129,617 | €142,409 | €118,278 | ▼ 16.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €90,039 | €115,735 | €123,417 | €136,209 | €133,743 | ▼ 1.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €113,875 | €121,557 | €136,209 | €133,743 | ▼ 1.8% |
| Profit (loss) carried forward14 | - | - | - | - | -€21,665 | - |
| Amounts payable17/49 | €345,605 | €375,577 | €890,094 | €750,797 | €1.5m | ▲ 106% |
| Amounts payable after more than one year17 | €263,142 | €231,702 | €522,679 | €512,384 | €504,900 | ▼ 1.5% |
| Financial debts170/4 | - | €231,702 | €522,679 | €512,384 | €504,900 | ▼ 1.5% |
| Amounts payable within one year42/48 | €64,913 | €126,324 | €359,022 | €236,342 | €359,007 | ▲ 51.9% |
| Current portion of amounts payable after more than one year42 | - | €11,486 | €8,824 | €27,841 | €10,099 | ▼ 63.7% |
| Trade debts44 | €2,482 | €31,108 | €114,128 | €16,390 | €11,580 | ▼ 29.3% |
| Suppliers440/4 | - | €31,108 | €114,128 | €16,390 | €11,580 | ▼ 29.3% |
| Taxes, remuneration and social security45 | - | €59,125 | €37,959 | €14,141 | €142,951 | ▲ 911% |
| Taxes450/3 | - | €57,867 | €37,597 | €12,891 | €142,951 | ▲ 1,009% |
| Remuneration and social security454/9 | - | €1,258 | €362 | €1,250 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €24,605 | €198,112 | €177,969 | €194,377 | ▲ 9.2% |
| Accrued charges and deferred income492/3 | - | €17,550 | €8,393 | €2,071 | €680,100 | ▲ 32,737% |
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,255 | €25,696 | €7,682 | €12,792 | -€24,130 | ▼ 289% |
| + Depreciation and write-downs630 | €6,804 | €6,993 | €16,390 | €31,926 | €33,207 | ▲ 4.0% |
| Operating cash flow (approximation) | €36,058 | €32,689 | €24,072 | €44,718 | €9,076 | ▼ 79.7% |
| Investment in fixed assets (approximation) | - | -€38,196 | -€344,226 | - | -€6,871 | - |
| Change in cash | - | -€23,110 | -€9,998 | - | €56,077 | - |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet -€24,130
Net result drops to -€24,130, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 2.73
Current ratio from 0.78 to 2.73.
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €100,000Eq €121,935 ▲26.7%
4 profitable years in a row build equity to €121,935.
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2019net €29,255 ▲221%
Operating result €60,976, net result €29,255, both a record.
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
08-10
State Gazette act
Power of attorney
27-03
State Gazette act
Power of attorney
2017
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mortsel · 1 establishment unit since 2008
Ground area
843 m²
Building footprint
155 m²
Volume, LiDAR
604 m³
Parcel 11513C0478/00X000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Nieuwelei 65, 2640 Mortsel
since 20082.170.543.858
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0478/00X000 | Flanders | 843 m² | 1 · 155 m² | 7.3 m · 1 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
Flemish government
2024 to 2025 · 2 entries · 100,000 EUR awarded · 100,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 20,000 EUR |
| 2024 | 1 | 100,000 EUR | 80,000 EUR |
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Of 521 companies in sector 59114 we hold annual accounts for 245. 184 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
Founded18-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
59114Motion picture, video and television programme production, sound recording and music publishing activities
59120Post-production of films, video and television programmes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897351651
Also
9925:BE0897351651
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.