ASSOCIATE DIRECTORS
ActiveSummary
ASSOCIATE DIRECTORS has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €386,516 and a net result of -€43,639. Equity has been growing by about 4.1% per year since 2018. Its solvency ranks better than 83% of 1,864 sector peers (NACE 59, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-03-1991 Normal situation
- Activity
- Video and film production, excluding cinema and television films NACE 59113
- Joint committee
- 227 Paritair Comité voor de audiovisuele sector · annual accounts 2024
- Establishment unit
- 2.052.030.149 2140 Antwerpen, since 20-03-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 13-10-2025
Board and ownership
Board
- Midnight BlueDirector · since 16-07-2025 · permanent representative Nina Landau
- CROLS Bram Nikolaas Maria LodewijkDirector
- DAEMS Marc Antoon ElvireDirector
Shareholders
- JRL Consult34.82%· score 6931-03-2025 annual accounts of JRL Consult
- MOUNT26.8%· score 982025 annual accounts of MOUNT
- KEYTONE24.25%2025 annual accounts of KEYTONE
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts 2025
- Gross margin
- €369,714
- ▼ 21.6%
- Turnover
- ≈ €740,000
- estimated
- Loss
- €43,639
- Equity
- €386,516
- ▼ 44.4%
- Total assets
- €480,082
- ▼ 44.1%
- Staff
- ≈ 1.4 FTE
- estimated
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLoss of €43,639 (financial year 2025)Last filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskFounded in 1991Liquidity: current ratio 2.69, cash €60,555, halvedShow the evidence
Checked score
Score 2025
86
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 49% of micro companies in film, video and music (NACE 59)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 80.5% of total assets
Liquidity
60-7
short-term debt 19.5% · cash 12.6%
Profitability
57-22
return on assets -9.1%
Bankruptcy probability within 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.69 (2.8 in 2024), above the usual 1.5. Short-term debt is 19.5% and cash 12.6% of total assets. 19.5% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 59, micro). It does better than 89% of them on solvency, 54% on liquidity, 36% on profitability and 16% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
34 days early
2023
27 days late
2022
19 days late
2021
32 days early
2020
43 days early
2019
41 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 59), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 August (4 of the last 5 accounts filed within 51 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00496423.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 35 filings
Turnover
≈ €740,000
Estimated: probably between €520,000 and €1.1m
Total assets
€480,082▼ 44.1%
2024 · €858,874
Net result
-€43,639
2024 · €72,137
Working capital
€158,415▼ 35.8%
2024 · €246,907
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€41,299
2025
20182025
Net result
-€43,639
2025
lowest quarter of the sector
20182025
Equity
€386,516
▼ 44.4%
2025
highest quarter of the sector
20182025
Total assets
€480,082
▼ 44.1%
2025
highest quarter of the sector
20182025
Debt
€93,567
▼ 42.9%
2025
20182025
Working capital
€158,415
▼ 35.8%
2025
highest quarter of the sector
20182025
Solvency
80.5%
▼ 0.4pp
2025
highest quarter of the sector
20182025
Current ratio
2.69
▼ 0.11
2025
middle half of the sector
20182025
Return on assets (ROA)
-9.1%
▼ 17.5pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€11,955-€96,282-€1,825€32,168-€27,948€68,551€80,369▲ 17.2%-€41,299
Net result-€14,640-€95,073-€5,138below the sector's middle half€23,337within the sector's middle half-€28,695below the sector's middle half€57,233above the sector's middle half€72,137above the sector's middle half▲ 26.0%-€43,639below the sector's middle half
Equity€433,654-€587,164▲ 35.4%€453,020above the sector's middle half▼ 22.8%€670,490above the sector's middle half▲ 48.0%€676,438above the sector's middle half▲ 0.9%€774,111above the sector's middle half▲ 14.4%€694,889above the sector's middle half▼ 10.2%€386,516above the sector's middle half▼ 44.4%
Total assets€530,468-€700,324▲ 32.0%€580,728above the sector's middle half▼ 17.1%€756,198above the sector's middle half▲ 30.2%€773,660above the sector's middle half▲ 2.3%€939,538above the sector's middle half▲ 21.4%€858,874above the sector's middle half▼ 8.6%€480,082above the sector's middle half▼ 44.1%
Debt€96,814-€113,160▲ 16.9%€127,708▲ 12.9%€85,707▼ 32.9%€97,222▲ 13.4%€165,427▲ 70.2%€163,985▼ 0.9%€93,567▼ 42.9%
Working capital€133,290-€114,373▼ 14.2%€201,198above the sector's middle half▲ 75.9%€359,204above the sector's middle half▲ 78.5%€221,813above the sector's middle half▼ 38.2%€263,222above the sector's middle half▲ 18.7%€246,907above the sector's middle half▼ 6.2%€158,415above the sector's middle half▼ 35.8%
Solvency81.7%-83.8%▲ 2.1pp78.0%above the sector's middle half▼ 5.8pp88.7%above the sector's middle half▲ 10.7pp87.4%above the sector's middle half▼ 1.2pp82.4%above the sector's middle half▼ 5.0pp80.9%above the sector's middle half▼ 1.5pp80.5%above the sector's middle half▼ 0.4pp
Current ratio3.19-2.37▼ 0.837.90above the sector's middle half▲ 5.536.79above the sector's middle half▼ 1.115.06above the sector's middle half▼ 1.733.65above the sector's middle half▼ 1.412.80within the sector's middle half▼ 0.852.69within the sector's middle half▼ 0.11
Return on assets (ROA)-2.8%-13.6%▲ 16.3pp-0.9%within the sector's middle half▼ 14.5pp3.1%within the sector's middle half▲ 4.0pp-3.7%below the sector's middle half▼ 6.8pp6.1%within the sector's middle half▲ 9.8pp8.4%within the sector's middle half▲ 2.3pp-9.1%below the sector's middle half▼ 17.5pp
Staff (FTE)0.6-0.6=0.5below the sector's middle half▼ 16.7%1▲ 100%0.9▼ 10.0%1▲ 11.1%1=
above
within
below
The sector band is the middle half of the companies in Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €41,299, after a profit of €80,369 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €480,082
Fixed assets
€228,101 ▼ 51.9%
Current assets
€251,981 ▼ 34.4%
Equity and liabilities €480,082
Equity
€386,516 ▼ 44.4%
Debt
€93,567 ▼ 42.9%
Debt's share of the balance-sheet total rises from 19.1% to 19.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€323,191▼
2024 · €432,427
Cash flow
€320,851▼
2024 · €424,195
Debt to equity
0.24▲
2024 · 0.24
ROE
-11.3%▼
2024 · 10.4%
Interest coverage
85.65▲
2024 · 43.14
Debt ≤ 1 year
€93,567▼
2024 · €137,305
Income taxes
€1,783
Staff costs
€43,233▲
2024 · €38,091
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| part-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 0.6 | 0.8 | 0.8 | 0.8 |
| Average over the year, in full-time equivalents | 0.3 | 0.7 | 0.8 | 0.8 |
| On a permanent contract | 1 | 1 | 1 | 1 |
| Joined | - | 1 | - | - |
| Left | - | 1 | - | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €906 | €6,190 | - | - |
| Intangible fixed assets | €149,037 | €276,770 | €280,670 | €250,941 | €117,929 |
| Financial fixed assets | - | - | €160 | €23 | - |
| Depreciation and write-downs of the year | €164,486 | €115,378 | €207,241 | €352,058 | €364,489 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €173,543 awarded · €83,569 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €92,171 | €77,840 |
| 2024 | 1 | €35,000 | €0 |
| 2023 | 2 | €45,973 | €5,430 |
| 2022 | 1 | €399 | €299 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €7,163 | €17,356 | €35,298 | €38,091 | €43,233 | ▲ 13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €102,809 | €68,675 | €210,218 | €164,486 | €115,378 | €207,241 | €352,058 | €364,489 | ▲ 3.5% |
| Other operating charges640/8 | - | - | - | €649 | €650 | €693 | €1,128 | €3,290 | ▲ 192% |
| Gross operating margin9900 | €116,538 | €190,546 | €217,753 | €204,465 | €105,436 | €311,784 | €471,645 | €369,714 | ▼ 21.6% |
| Operating profit (loss)9901 | -€11,955 | €96,282 | -€1,825 | €32,168 | -€27,948 | €68,551 | €80,369 | -€41,299 | - |
| Financial income75/76B | - | - | - | - | €175 | €928 | €1,791 | €3,216 | ▲ 79.6% |
| Recurring financial income75 | €89 | €44 | €11 | - | €175 | €928 | €1,791 | €3,216 | ▲ 79.6% |
| Financial charges65/66B | - | - | - | €8,830 | €922 | €11,199 | €10,023 | €3,774 | ▼ 62.4% |
| Recurring financial charges65 | €2,775 | €1,193 | €3,324 | €8,830 | €922 | €11,199 | €10,023 | €3,774 | ▼ 62.4% |
| Profit (loss) for the period before taxes9903 | -€14,640 | €95,132 | -€5,138 | €23,337 | -€28,695 | €58,281 | €72,137 | -€41,856 | - |
| Income taxes67/77 | - | €59 | - | - | - | €1,048 | - | €1,783 | - |
| Profit (loss) for the period9904 | -€14,640 | €95,073 | -€5,138 | €23,337 | -€28,695 | €57,233 | €72,137 | -€43,639 | - |
| Profit (loss) for the period to be appropriated9905 | -€14,640 | €95,073 | -€5,138 | €23,337 | -€28,695 | €57,233 | €72,137 | -€43,639 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €530,468 | €700,324 | €580,728 | €756,198 | €773,660 | €939,538 | €858,874 | €480,082 | ▼ 44.1% |
| Fixed assets21/28 | €336,378 | €502,211 | €350,360 | €334,912 | €497,209 | €576,988 | €474,661 | €228,101 | ▼ 51.9% |
| Intangible fixed assets21 | €323,095 | €489,359 | €346,759 | €331,525 | €493,307 | €567,853 | €468,716 | €223,960 | ▼ 52.2% |
| Tangible fixed assets22/27 | €3,567 | €1,701 | €509 | €295 | €810 | €5,882 | €2,819 | €1,016 | ▼ 64.0% |
| Furniture and vehicles24 | - | - | - | €295 | €810 | €5,882 | €2,819 | €1,016 | ▼ 64.0% |
| Financial fixed assets28 | €9,715 | €11,152 | €3,092 | €3,092 | €3,092 | €3,253 | €3,126 | €3,126 | = |
| Current assets29/58 | €194,090 | €198,112 | €230,367 | €421,286 | €276,451 | €362,550 | €384,213 | €251,981 | ▼ 34.4% |
| Stocks and contracts in progress3 | €271 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €42,838 | €87,823 | €54,598 | €84,396 | €70,175 | €103,721 | €118,143 | €65,507 | ▼ 44.6% |
| Trade receivables40 | - | - | - | €21,071 | €12,160 | €52,848 | €76,812 | €58,059 | ▼ 24.4% |
| Other amounts receivable41 | - | - | - | €63,325 | €58,015 | €50,873 | €41,330 | €7,448 | ▼ 82.0% |
| Current investments50/53 | €50,144 | €40,201 | €120,225 | €120,225 | €120,225 | €120,582 | €121,593 | €123,685 | ▲ 1.7% |
| Cash at bank and in hand54/58 | €96,991 | €67,673 | €53,190 | €214,208 | €84,832 | €133,721 | €140,792 | €60,555 | ▼ 57.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,457 | €1,220 | €4,525 | €3,685 | €2,234 | ▼ 39.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €530,468 | €700,324 | €580,728 | €756,198 | €773,660 | €939,538 | €858,874 | €480,082 | ▼ 44.1% |
| Equity10/15 | €433,654 | €587,164 | €453,020 | €670,490 | €676,438 | €774,111 | €694,889 | €386,516 | ▼ 44.4% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €20,162 | €20,162 | €20,162 | = |
| Reserves13 | €30,660 | €30,660 | €30,660 | €30,660 | €30,660 | €29,098 | €29,098 | €29,098 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €28,800 | €28,800 | €29,098 | €29,098 | €29,098 | = |
| Profit (loss) carried forward14 | €109,519 | €194,592 | €189,454 | €212,791 | €184,096 | €237,540 | €229,677 | €106,038 | ▼ 53.8% |
| Investment grants15 | - | - | - | €408,439 | €443,082 | €487,312 | €415,952 | €231,218 | ▼ 44.4% |
| Amounts payable17/49 | €96,814 | €113,160 | €127,708 | €85,707 | €97,222 | €165,427 | €163,985 | €93,567 | ▼ 42.9% |
| Amounts payable within one year42/48 | €60,800 | €83,739 | €29,169 | €62,082 | €54,638 | €99,328 | €137,305 | €93,567 | ▼ 31.9% |
| Trade debts44 | €50,480 | €68,367 | €23,749 | €59,895 | €46,788 | €89,123 | €47,509 | €49,186 | ▲ 3.5% |
| Suppliers440/4 | - | - | - | €59,895 | €46,788 | €89,123 | €47,509 | €49,186 | ▲ 3.5% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €13,922 | - |
| Taxes, remuneration and social security45 | - | - | - | €923 | €4,857 | €9,046 | €8,595 | €6,640 | ▼ 22.7% |
| Taxes450/3 | - | - | - | - | €304 | €1,488 | €457 | €457 | = |
| Remuneration and social security454/9 | - | - | - | €923 | €4,553 | €7,558 | €8,138 | €6,184 | ▼ 24.0% |
| Other amounts payable47/48 | - | - | - | €1,264 | €2,994 | €1,159 | €81,201 | €23,819 | ▼ 70.7% |
| Accrued charges and deferred income492/3 | - | - | - | €23,626 | €42,584 | €66,098 | €26,680 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,640 | €95,073 | -€5,138 | €23,337 | -€28,695 | €57,233 | €72,137 | -€43,639 | - |
| + Depreciation and write-downs630 | €102,809 | €68,675 | €210,218 | €164,486 | €115,378 | €207,241 | €352,058 | €364,489 | ▲ 3.5% |
| Operating cash flow (approximation) | €88,168 | €163,748 | €205,080 | €187,823 | €86,683 | €264,474 | €424,195 | €320,851 | ▼ 24.4% |
| Investment in fixed assets (approximation) | - | -€234,509 | -€58,367 | -€149,037 | -€277,675 | -€287,020 | -€249,731 | -€117,929 | ▲ 52.8% |
| Change in cash | - | -€29,319 | -€14,483 | €161,018 | -€129,377 | €48,890 | €7,071 | -€80,237 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as ASSOCIATE DIRECTORS has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ASSOCIATE DIRECTORS itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for ASSOCIATE DIRECTORS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00496423 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00194513 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00380755 | |
| 31-12-2022 | micro format | 19-08-2023 | 2023-00336785 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20139631 | |
| 31-12-2020 | micro format | 18-06-2021 | 2021-22300089 | |
| 31-12-2019 | micro format | 10-09-2020 | 2020-52700445 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-55800345 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-55900143 | |
| 31-12-2016 | abbreviated format | 31-05-2017 | 2017-14300458 |
Board & ownership
Directors
Directors
4 directors, last change in 2025
Board 4
Midnight Blue
Current
Director · since 16-07-2025 · Private limited company · permanent representative: Nina Landau · listed in the 2025 annual accounts, filed on 31-08-2026
CROLS Bram Nikolaas Maria Lodewijk
Current
Director · in office according to the act of 29-11-2023 · term without a fixed end · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 31-08-2026
DAEMS Marc Antoon Elvire
Current
Director · in office according to the act of 29-11-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 31-08-2026
LAPEIRE Jan Remi
Current
Director · in office according to the act of 29-11-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 31-08-2026
Permanent representatives 1
Nina Landau
Current
Permanent representative · appointed in the act of 08-09-2025 · for Midnight Blue
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 29-11-2023Owners and capital
Shareholders
3 ownersOwners 3
- Equity €52,681 Profit of €10,421 in 2025 (profit of €4,482 in 2024) Checked score 6934.82%
- Sourceaccounts MOUNT 2025Equity €158,254 Profit of €27,828 in 2025 (profit of €81 in 2024) Checked score 9826.8%
-
24.25%
Capital transactions
Capital over time
- 29-11-2023 Capital stated in the deed · 738 shares
Mandate history
4 people, 4 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CROLS Bram Nikolaas Maria Lodewijk |
|
| DAEMS Marc Antoon Elvire |
|
| LAPEIRE Jan Remi |
|
| Midnight Blue |
|
Network & group
Companies at the same address
4 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
CHIROVRIENDEN ICARUS
via DAEMS Marc Antoon Elvire · Director
former→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
31-08
micro format · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€43,639
The net result drops to -€43,639, the lowest from 2018 to 2025.
08-09
Gazette deed
Appointment: Midnight Blue bv (director)Permanent representative: Nina Landau3 points ▸
Gazette deed
Appointment: Midnight Blue bv (director)
Permanent representative: Nina Landau3 points ▸
- General meeting, 16-07-2025
- Director appointment, Midnight Blue bv (director)
- Permanent representative, Nina Landau (director)
27-06
micro format · 34 days before the deadline
2024
27-08
micro format · 27 days late
2023
31-12
Financial
Back to profitnet €57,233
The net result is €57,233, after one loss-making year.
29-11
Gazette deed
3 directors resigning, 3 reappointedResignations: DAEMS Marc Antoon Elvire, CROLS Bram Nikolaas Maria Lodewijk and LAPEIRE Jan Remi · Reappointments: DAEMS Marc Antoon Elvire, CROLS Bram Nikolaas Maria Lodewijk and LAPEIRE Jan Remi · Share cancellation12 points ▸
Gazette deed
3 directors resigning, 3 reappointed
Resignations: DAEMS Marc Antoon Elvire, CROLS Bram Nikolaas Maria Lodewijk and LAPEIRE Jan Remi · Reappointments: DAEMS Marc Antoon Elvire, CROLS Bram Nikolaas Maria Lodewijk and LAPEIRE Jan Remi · Share cancellation12 points ▸
- Share cancellation, 2, “uittreden van een vennoot” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “vormen en meerderheden statutenwijziging, van rechtswege omgezet” (deed in Dutch)
- Director resignation, DAEMS Marc Antoon Elvire (director)
- Director resignation, CROLS Bram Nikolaas Maria Lodewijk (director)
- Director resignation, LAPEIRE Jan Remi (director)
- Director reappointment, DAEMS Marc Antoon Elvire (director)
- Director reappointment, CROLS Bram Nikolaas Maria Lodewijk (director)
- Director reappointment, LAPEIRE Jan Remi (director)
- Purpose change
- Amendment of the articles
- Capital
19-08
micro format · 19 days late
2022
29-06
micro format · 32 days before the deadline
2021
31-12
Financial
Back to profitnet €23,337
The net result is €23,337, after one loss-making year.
31-12
Financial
Equity above €500,000equity €670,490 ▲48%
Equity rises from €453,020 to €670,490.
18-06
micro format · 43 days before the deadline
Show earlier events
2020
31-12
Financial
Liquidity more than triplescurrent ratio 7.90
The current ratio rises from 2.37 to 7.90. Short-term debt falls from €83,739 to €29,169.
10-09
micro format · 41 days late
2019
31-12
Financial
Back to profitnet €95,073
The net result is €95,073, after one loss-making year.
31-12
Financial
Equity above €500,000equity €587,164 ▲35.4%
Equity rises from €433,654 to €587,164.
28-08
micro format · 28 days late
2018
29-08
abbreviated format · 29 days late
2017
31-05
abbreviated format · 61 days before the deadline
1991
30-03
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
ASSOCIATE DIRECTORS in Dutch
Enterprise number
0443.202.896
Legal form
Private limited company
Status
Active, normale toestand
Founded
07-03-1991
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-11-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, bij enkel besluit bestuursorgaan zetel verplaatsen;administratieve…”
deed of 29-11-2023 (in Dutch)Registered office and establishments
Registered office
Helmstraat 139, 2140 Antwerpen, Belgium
Establishment unit
Helmstraat 139A, 2140 Antwerpen since 20-03-1991 · unit number 2.052.030.149
Activities
NACEBEL 2025VAT activities
59113
Video and film production, excluding cinema and television films main activity
Social security (RSZ) activities
59113
Video and film production, excluding cinema and television films main activity
Codes under NACEBEL 2008
VAT activities
59113
Motion picture, video and television programme production, sound recording and music publishing activities main activity
Social security (RSZ) activities
59113
Motion picture, video and television programme production, sound recording and music publishing activities main activity
Codes under NACEBEL 2003
VAT activities
92113
main activity
Social security (RSZ) activities
92113
main activity
Joint committee
227 Paritair Comité voor de audiovisuele sector annual accounts 2024
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 29-11-2023 (in Dutch)
“Het produceren van scenario’s,films en audiovisuele programma’s,alsmede het regisseren ervan; Het verlenen van advies inzake audiovisuele…”
5 activities
- Het produceren van scenario’s,films en audiovisuele programma’s,alsmede het regisseren ervan.
- Het verlenen van advies inzake audiovisuele programma’s.
- Het verlenen van advies inzake audiovisuele communicatie.
- Zij zal deze verrichtingen in eigen naam en voor eigen rekening mogen doen maar ook voor rekening van haar leden en zelfs voor rekening van derden,inzonderheid in hoedanigheid van commissionair.
- Zij mag alle financiële-,nijverheids-,handels-,roerende- en onroerende handelingen verrichten,die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp,en belangen nemen bij middel van inschrijving inbreng of deelneming of op een andere wijze,in elke vennootschap of onderneming met een gelijkaardige,verwante of aanvullende bedrijvigheid,en in het algemeen alle handelingen verrichten die de verwezenlijking van haar voorwerp kunnen bevorderen.
Invoicing and payment
VAT number
BE 0443.202.896
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 19:00
deed of 29-11-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
552 m²
Building footprint
328 m²
Building volume
2,474 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11312A0004/00S015 | Flanders | 552 m² | 1 · 328 m² | 11.1 m · 3 |