Skip to content

Beeldmeester

Active
Private limited companyfounded 2001active for 25 yearsKarmelietenstraat 20, 2800 Mechelen, BelgiumKBO/BCE: BE 0475.666.323

Financials · financial year 2025, micro format

2025 annual accounts filed 21 days after the deadline Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00412145.

Annual accounts 2025 filed on 21-08-2026 at the NBB all 24 filings

Turnover
≈ €240,000
Estimated: probably between €160,000 and €420,000
Total assets
€397,515▲ 2.8%
2024 · €386,703
Net result
€31,374▼ 23.1%
2024 · €40,815
Working capital
€280,300▲ 22.7%
2024 · €228,528
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 30% lower than in 2024 and the lowest since 2021.

Operating result€40,175 2025 Net result€31,374 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€64,598-€2,432▼ 96.2%€57,333▲ 24×€109,064▲ 90.2%€92,863▼ 14.9%€48,474▼ 47.8%€57,708▲ 19.0%€40,175▼ 30.4%
Net result€45,910-€1,519▼ 96.7%€43,429within the sector's middle half▲ 29×€78,080within the sector's middle half▲ 79.8%€68,805within the sector's middle half▼ 11.9%€34,369within the sector's middle half▼ 50.0%€40,815above the sector's middle half▲ 18.8%€31,374above the sector's middle half▼ 23.1%
Equity€187,419-€188,126▲ 0.4%€218,697within the sector's middle half▲ 16.3%€295,978within the sector's middle half▲ 35.3%€363,982within the sector's middle half▲ 23.0%€342,720within the sector's middle half▼ 5.8%€337,567above the sector's middle half▼ 1.5%€368,108above the sector's middle half▲ 9.0%
Total assets€254,386-€253,654▼ 0.3%€275,599within the sector's middle half▲ 8.7%€336,482within the sector's middle half▲ 22.1%€442,073within the sector's middle half▲ 31.4%€403,452within the sector's middle half▼ 8.7%€386,703above the sector's middle half▼ 4.2%€397,515above the sector's middle half▲ 2.8%
Debt€66,967-€65,528▼ 2.1%€56,901▼ 13.2%€40,504▼ 28.8%€78,090▲ 92.8%€60,731▼ 22.2%€49,136▼ 19.1%€29,407▼ 40.2%
Working capital€145,474-€129,018▼ 11.3%€148,894within the sector's middle half▲ 15.4%€226,636within the sector's middle half▲ 52.2%€241,098within the sector's middle half▲ 6.4%€223,830within the sector's middle half▼ 7.2%€228,528above the sector's middle half▲ 2.1%€280,300above the sector's middle half▲ 22.7%
Solvency73.7%-74.2%▲ 0.5pp79.4%above the sector's middle half▲ 5.2pp88.0%above the sector's middle half▲ 8.6pp82.3%above the sector's middle half▼ 5.6pp84.9%above the sector's middle half▲ 2.6pp87.3%above the sector's middle half▲ 2.3pp92.6%above the sector's middle half▲ 5.3pp
Current ratio6.96-5.65▼ 1.317.21above the sector's middle half▲ 1.5619.13above the sector's middle half▲ 11.9210.38above the sector's middle half▼ 8.759.63above the sector's middle half▼ 0.758.11above the sector's middle half▼ 1.5213.82above the sector's middle half▲ 5.71
Return on assets (ROA)18.0%-0.6%▼ 17.4pp15.8%above the sector's middle half▲ 15.2pp23.2%above the sector's middle half▲ 7.4pp15.6%above the sector's middle half▼ 7.6pp8.5%within the sector's middle half▼ 7.0pp10.6%within the sector's middle half▲ 2.0pp7.9%within the sector's middle half▼ 2.7pp
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.
Turnover and EBIT margin are not published. The abbreviated or 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 €397,515
Fixed assets €95,352 ▼ 24.4%
Current assets €302,163 ▲ 15.9%
Equity and liabilities €397,515
Equity €368,108 ▲ 9.0%
Debt €29,407 ▼ 40.2%
Debt's share of the balance-sheet total falls from 12.7% to 7.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€79,873▼
2024 · €96,200
Cash flow
€71,072▼
2024 · €79,307
Debt to equity
0.08▼
2024 · 0.15
ROE
8.5%▼
2024 · 12.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€21,863▼
2024 · €32,126
Debt > 1 year
€7,544▼
2024 · €17,010
Income taxes
€12,897▼
2024 · €17,774
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€19,810€125,791€21,994€11,153€9,002
Depreciation and write-downs of the year€25,200€36,872€43,583€38,492€39,698

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as Beeldmeester: post-production of films, video and television programmes (NACE 59120). They are comparable in size and age: total assets between €310,000 and €476,000, founded between 1997 and 2004.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
Beeldmeester Mechelen2001€397,515€368,108€81,024€31,374-2025
BART VAESSEN Leuven2000€393,844€340,148€96,703€55,102-2026
CINEMASS Genk2000€332,633€221,937€76,774€44,032-2025
Danse La Pluie / Klaus Zwevegem2004€409,181€265,290€90,026€33,269-2025
STORYCATCHERS Antwerpen2004€391,019€243,768€135,735€8661.62025
WHAT'S COOKING Herent1999€309,971€213,108€79,321€44,166-2025
VAN DER VEKEN FILMWERKEN Hasselt1997€476,408€394,779€98,910€10,126-2025

They were chosen from the 448 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 31,368 companies had the same profile as Beeldmeester has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Beeldmeester itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for Beeldmeester. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines

Source: Annual accounts 2025 at the NBB, filed on 21-08-2026.

Balance sheet Code20242025
Assets
Total assets20/58€386,703€397,515▲
Fixed assets21/28€126,048€95,352▼
Tangible fixed assets22/27€126,048€95,352▼
Land and buildings22€31,463€29,043▼
Plant, machinery and equipment23€59,218€46,755▼
Furniture and vehicles24€35,367€19,555▼
Current assets29/58€260,654€302,163▲
Amounts receivable within one year40/41€90,826€27,790▼
Trade receivables40€83,312€23,325▼
Other amounts receivable41€7,514€4,465▼
Current investments50/53€80,000€60,000▼
Cash at bank and in hand54/58€85,038€209,136▲
Deferred charges and accrued income490/1€4,791€5,237▲
Equity and liabilities
Total equity and liabilities10/49€386,703€397,515▲
Equity10/15€337,567€368,108▲
Contributions10/11€18,600€18,600=
Reserves13€318,967€349,508▲
Distributable reserves133€318,967€349,508▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€49,136€29,407▼
Amounts payable after more than one year17€17,010€7,544▼
Financial debts170/4€17,010€7,544▼
Amounts payable within one year42/48€32,126€21,863▼
Current portion of amounts payable after more than one year42€17,784€9,466▼
Trade debts44€1,590€1,678▲
Suppliers440/4€1,590€1,678▲
Taxes, remuneration and social security45€8,551€6,578▼
Taxes450/3€8,551€6,578▼
Other amounts payable47/48€4,201€4,141▼
Income statement Code20242025
Non-recurring operating income76A€13,000€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,492€39,698▲
Other operating charges640/8€1,226€1,151▼
Non-recurring operating charges66A€296€0▼
Gross operating margin9900€97,722€81,024▼
Operating profit (loss)9901€57,708€40,175▼
Financial income75/76B€1,532€4,553▲
Recurring financial income75€1,532€4,553▲
Financial charges65/66B€651€456▼
Recurring financial charges65€651€456▼
Profit (loss) for the period before taxes9903€58,590€44,272▼
Income taxes67/77€17,774€12,897▼
Profit (loss) for the period9904€40,815€31,374▼
Profit (loss) for the period to be appropriated9905€40,815€31,374▼
Appropriation of the result
Profit (loss) to be appropriated9906€40,815€31,374▼
Transfer from equity791/2€45,110€833▼
Transfer to equity691/2€39,956€31,374▼
To other reserves6921€39,956€31,374▼
Profit to be distributed694/7€45,969€833▼
Return on contributions (dividend)694€45,969€833▼

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Non-recurring operating income76A----€7,955-€13,000€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36,732€26,901€20,790€25,200€36,872€43,583€38,492€39,698▲ 3.1%
Other operating charges640/8---€1,156€1,066€1,446€1,226€1,151▼ 6.1%
Non-recurring operating charges66A----€1,764-€296€0▼ 100%
Gross operating margin9900€106,326€30,330€79,273€135,420€132,565€93,503€97,722€81,024▼ 17.1%
Operating profit (loss)9901€64,598€2,432€57,333€109,064€92,863€48,474€57,708€40,175▼ 30.4%
Financial income75/76B---€10€0€1,009€1,532€4,553▲ 197%
Recurring financial income75€99€111€0€10€0€1,009€1,532€4,553▲ 197%
Financial charges65/66B---€780€942€708€651€456▼ 29.9%
Recurring financial charges65€774€672€602€780€942€708€651€456▼ 29.9%
Profit (loss) for the period before taxes9903€63,923€1,870€56,732€108,294€91,921€48,775€58,590€44,272▼ 24.4%
Income taxes67/77€18,013€351€13,302€30,214€23,116€14,407€17,774€12,897▼ 27.4%
Profit (loss) for the period9904€45,910€1,519€43,429€78,080€68,805€34,369€40,815€31,374▼ 23.1%
Profit (loss) for the period to be appropriated9905€45,910€1,519€43,429€78,080€68,805€34,369€40,815€31,374▼ 23.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€254,386€253,654€275,599€336,482€442,073€403,452€386,703€397,515▲ 2.8%
Fixed assets21/28€84,516€96,896€102,736€97,347€175,273€153,684€126,048€95,352▼ 24.4%
Tangible fixed assets22/27€84,516€96,896€102,736€97,347€175,273€153,684€126,048€95,352▼ 24.4%
Land and buildings22---€38,724€36,304€33,884€31,463€29,043▼ 7.7%
Plant, machinery and equipment23---€53,698€71,978€68,621€59,218€46,755▼ 21.0%
Furniture and vehicles24---€4,924€66,991€51,179€35,367€19,555▼ 44.7%
Current assets29/58€169,870€156,758€172,862€239,135€266,800€249,768€260,654€302,163▲ 15.9%
Amounts receivable within one year40/41€48,262€17,986€11,551€25,743€37,471€28,185€90,826€27,790▼ 69.4%
Trade receivables40---€24,957€32,537€21,506€83,312€23,325▼ 72.0%
Other amounts receivable41---€786€4,934€6,679€7,514€4,465▼ 40.6%
Current investments50/53------€80,000€60,000▼ 25.0%
Cash at bank and in hand54/58€121,607€138,772€161,311€213,392€224,539€216,792€85,038€209,136▲ 146%
Deferred charges and accrued income490/1----€4,791€4,791€4,791€5,237▲ 9.3%
Equity and liabilities
Total equity and liabilities10/49€254,386€253,654€275,599€336,482€442,073€403,452€386,703€397,515▲ 2.8%
Equity10/15€187,419€188,126€218,697€295,978€363,982€342,720€337,567€368,108▲ 9.0%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600€18,600=
Reserves13€168,819€169,526€200,097€277,378€345,382€324,120€318,967€349,508▲ 9.6%
Non-distributable reserves130/1---€1,860€1,860----
Reserves not available under the articles1311---€1,860€1,860----
Distributable reserves133---€275,518€343,522€324,120€318,967€349,508▲ 9.6%
Profit (loss) carried forward14------€0€0-
Amounts payable17/49€66,967€65,528€56,901€40,504€78,090€60,731€49,136€29,407▼ 40.2%
Amounts payable after more than one year17€42,571€37,788€32,933€28,005€52,388€34,794€17,010€7,544▼ 55.7%
Financial debts170/4---€28,005€52,388€34,794€17,010€7,544▼ 55.7%
Amounts payable within one year42/48€24,396€27,740€23,969€12,499€25,702€25,937€32,126€21,863▼ 31.9%
Current portion of amounts payable after more than one year42---€4,928€17,408€17,595€17,784€9,466▼ 46.8%
Trade debts44-€1,066€581€193€1,100€2,929€1,590€1,678▲ 5.5%
Suppliers440/4---€193€1,100€2,929€1,590€1,678▲ 5.5%
Taxes, remuneration and social security45---€4,384€3,554€2,452€8,551€6,578▼ 23.1%
Taxes450/3---€4,384€3,554€2,452€8,551€6,578▼ 23.1%
Other amounts payable47/48---€2,995€3,641€2,961€4,201€4,141▼ 1.4%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€45,910€1,519€43,429€78,080€68,805€34,369€40,815€31,374▼ 23.1%
+ Depreciation and write-downs630€36,732€26,901€20,790€25,200€36,872€43,583€38,492€39,698▲ 3.1%
Operating cash flow (approximation)€82,642€28,420€64,219€103,280€105,677€77,952€79,307€71,072▼ 10.4%
Investment in fixed assets (approximation)--€39,281-€26,630-€19,810-€114,798-€21,994-€10,857-€9,002▲ 17.1%
Change in cash-€17,164€22,540€52,081€11,146-€7,747-€131,754€124,098-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 24 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 21-08-2026 2026-00412145 NBB
31-12-2024 micro format 29-08-2025 2025-00435018 PDF
31-12-2023 abbreviated format 29-08-2024 2024-00395618 PDF
31-12-2022 abbreviated format 30-08-2023 2023-00382414 PDF
31-12-2021 abbreviated format 30-08-2022 2022-20345675 PDF
31-12-2020 abbreviated format 30-08-2021 2021-57800175 PDF
31-12-2019 abbreviated format 28-08-2020 2020-46600410 PDF
31-12-2018 abbreviated format 30-08-2019 2019-57800581 PDF
31-12-2017 abbreviated format 30-08-2018 2018-59000433 PDF
31-12-2016 abbreviated format 31-08-2017 2017-56700051 PDF

Show all 24 filings

Next steps