Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The accounts state no turnover.
The 2023 accounts came 26 days late. The other four were filed on time.
Lower solvency than 95% of companies in film, video and music. Sector median 32.3% · 508 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.3% across 2,576 companies (NACE 59, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 6% of them on solvency, 8% on liquidity, 92% on profitability and 6% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 2,180 companies had the same profile as BACKES PRODUCTION has now. Each dot stands for 6 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BACKES PRODUCTION itself is lower: 0.8% within 12 months. It rests on far more data about BACKES PRODUCTION than the profile alone.
The method was tested on the 497,447 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 2,180 companies, not a prediction for BACKES PRODUCTION. 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.
Liquidity is insufficient, with a current ratio of 0.37 (0.56 in 2024), below 1. Short-term debt is 270.4% and cash 7.8% of total assets. Equity is negative.
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.
The company filed its last 5 accounts on average 19 days before 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.
| Company | ||||
|---|---|---|---|---|
| BACKES PRODUCTION Etterbeek | €5,029 | €5,477 | -170.4% | - |
| HALLICTOR Chaumont-Gistoux | €6,728 | €6,203 | 76.4% | - |
| Hubble Production Berchem-Sainte-Agathe | €8,289 | €10,463 | -546.0% | - |
| PANORAMIQUE TERRE PRODUCTIONS Brussels | €4,390 | -€7,380 | -2527.5% | - |
| LES PRODUCTIONS DU GRAND TOUR Ixelles | €7,743 | -€985 | 100.0% | - |
| ROMCO FILMS Schaerbeek | €3,017 | -€1,714 | -475.7% | - |
| BURN-IN Chapelle-lez-Herlaimont | €11,895 | €6,375 | 76.2% | - |
These companies have the same main activity as BACKES PRODUCTION: production of cinema films (NACE 59111). They are comparable in size and age: total assets between €3,020 and €11,900, founded between 2019 and 2022.
BACKES PRODUCTION files the abbreviated format. That format states no turnover. The gross margin rose from -€15,638 in 2021 to €5,477 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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