BeHive
ActiveSummary
BeHive has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€347,354) and a net result of -€109,784. Its solvency ranks better than 13% of 502 sector peers (NACE 59, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-12-2023 Normal situation
- Registered office
- 283 active companies are registered at this address 12 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Motion picture, video and television programme production, sound recording and music publishing activities NACE 59112and 3 others
- Joint committee
- 303.01 Paritair Subcomité voor de filmproductie · annual accounts 2025
- Establishment unit
- 2.353.867.623 1050 Elsene, since 26-12-2023
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- WALK THE WALKManaging director · permanent representative TOUWAIDE François Ghislain Gabriel
- Auditor
- GRANT THORNTON BEDRIJFSREVISOREN SRL
- MEDIAWAN FRANCE SASconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
- Gross margin
- €3.0m
- ▼ 3.0%
- Turnover
- ≈ €5.2m
- estimated
- Loss
- €109,784
- ▼ 55.7%
- Equity
- -€347,354
- ▼ 46.2%
- Total assets
- €2.0m
- ▼ 59.8%
- Employees on 31-12-2025
- 5
- ▲ 66.7%
- Negative equity on 31-12-2025
- 2025 accounts filed 26 days after the deadline
Score breakdownraises riskCapped at 59: negative equityNegative equity -€347,354lowers riskLiquidity: current ratio 1.55, cash €745,047Sector: Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)Founded in 2023Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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, small). It does better than 7% of them on solvency, 82% on liquidity, 12% on profitability and 12% on growth.
The bankruptcy probability was computed on 01-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 47 days 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)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00439954.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is a loss of €20,292, smaller than the loss of €213,032 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
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, return on assets (ROA) and staff (FTE).
- 2025 Net result +56% on 2024. The accounts now follow the abbreviated format, last year the full format.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 5 |
| full-time | 3 | 5 |
| part-time | 0 | 0 |
| in full-time equivalents | 3 | 5 |
| Average over the year, in full-time equivalents | 29 | 20.3 |
| On a permanent contract | 3 | 3 |
| Joined | 1,000 | 1,134 |
| Left | 997 | 1,132 |
| Training hours | 1,562 | 176 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €8,639 | €1,739 |
| Financial fixed assets | €505 | €8,200 |
| Depreciation and write-downs of the year | €2,411 | €3,336 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as BeHive: motion picture, video and television programme production, sound recording and music publishing activities (NACE 59112). They are comparable in size and age: total assets between €678,000 and €8.5m, founded between 2013 and 2021.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| BeHive Elsene | 2023 | €2.0m | -€0.3m | €3.0m | -€0.1m | 20.3 | 2025 |
| NEVER ENDING STORY Evere | 2018 | €8.5m | €3.1m | €3.5m | €0.9m | 19.9 | 2025 |
| The Reunion Waasmunster | 2021 | €7.8m | €1.8m | €1.5m | -€0.02m | 6.4 | 2026 |
| Capture Antwerpen | 2013 | €1.7m | €0.3m | €3.0m | €0.1m | 29 | 2025 |
| Everstory Lommel | 2015 | €2.1m | €1.1m | €7.5m | €0.8m | 49.5 | 2025 |
| Studio Monstera Schoten | 2017 | €0.7m | €0.3m | €1.2m | €0.09m | - | 2025 |
| BLUE NIGHT tv Waterloo | 2019 | €0.7m | €0.3m | €0.4m | €0.2m | - | 2025 |
They were chosen from the 254 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 observationIn July 2024, 1,251 companies had the same profile as BeHive has now. Two years later, 1.0% had gone bankrupt and 96.6% were still going.
- Small
- 2 to 5 years old
- negative equity
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BeHive itself: 1.1% 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 1,251 companies, not a prediction for BeHive. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €3.3m | €3.0m | ▼ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.002m | €0.003m | ▲ 38.4% |
| Other operating charges640/8 | €0.01m | €0.008m | ▼ 39.1% |
| Gross operating margin9900 | €3.1m | €3.0m | ▼ 3.0% |
| Operating profit (loss)9901 | -€0.2m | -€0.02m | ▲ 90.5% |
| Financial income75/76B | €51 | €75 | ▲ 46.2% |
| Recurring financial income75 | €51 | €75 | ▲ 46.2% |
| Financial charges65/66B | €0.03m | €0.09m | ▲ 159% |
| Recurring financial charges65 | €0.03m | €0.09m | ▲ 159% |
| Profit (loss) for the period before taxes9903 | -€0.2m | -€0.1m | ▲ 55.7% |
| Income taxes67/77 | €12 | €22 | ▲ 88.2% |
| Profit (loss) for the period9904 | -€0.2m | -€0.1m | ▲ 55.7% |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | -€0.1m | ▲ 55.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €4.9m | €2.0m | ▼ 59.8% |
| Fixed assets21/28 | €0.007m | €0.01m | ▲ 93.6% |
| Tangible fixed assets22/27 | €0.006m | €0.005m | ▼ 25.6% |
| Furniture and vehicles24 | €0.006m | €0.005m | ▼ 25.6% |
| Financial fixed assets28 | €0.001m | €0.008m | ▲ 17× |
| Current assets29/58 | €4.9m | €2.0m | ▼ 60.0% |
| Stocks and contracts in progress3 | €3.4m | €0 | ▼ 100% |
| Contracts in progress37 | €3.4m | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €0.9m | €1.2m | ▲ 27.2% |
| Trade receivables40 | €0.9m | €1.2m | ▲ 27.2% |
| Other amounts receivable41 | €248 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.5m | €0.7m | ▲ 37.4% |
| Deferred charges and accrued income490/1 | €0.02m | €0.02m | ▲ 5.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €4.9m | €2.0m | ▼ 59.8% |
| Equity10/15 | -€0.2m | -€0.3m | ▼ 46.2% |
| Contributions10/11 | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.4m | ▼ 44.3% |
| Amounts payable17/49 | €5.1m | €2.3m | ▼ 54.8% |
| Amounts payable after more than one year17 | €0.5m | €1.1m | ▲ 110% |
| Financial debts170/4 | €0.5m | €1.1m | ▲ 110% |
| Amounts payable within one year42/48 | €4.6m | €1.3m | ▼ 72.7% |
| Trade debts44 | €0.2m | €0.6m | ▲ 174% |
| Suppliers440/4 | €0.2m | €0.6m | ▲ 174% |
| Advances received on contracts in progress46 | - | €0.5m | - |
| Taxes, remuneration and social security45 | €1.1m | €0.2m | ▼ 81.4% |
| Taxes450/3 | €1.0m | €0.06m | ▼ 94.2% |
| Remuneration and social security454/9 | €0.04m | €0.1m | ▲ 240% |
| Other amounts payable47/48 | €3.3m | €0.001m | ▼ 100.0% |
| Accrued charges and deferred income492/3 | €0.005m | €0.003m | ▼ 47.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€247,570 | -€109,784 | ▲ 55.7% |
| + Depreciation and write-downs630 | €2,411 | €3,336 | ▲ 38.4% |
| Operating cash flow (approximation) | -€245,159 | -€106,448 | ▲ 56.6% |
| Investment in fixed assets (approximation) | - | -€9,639 | - |
| Change in cash | - | €202,747 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Board 1
Day-to-day management 1
Permanent representatives 1
Statutory auditor 1
Owners and capital
Shareholders
1 ownerChain of control
- MEDIAWAN FRANCE SASFR
- BeHive
Owners 1
- MEDIAWAN FRANCE SASFRconsolidating parentconsolidates
Capital transactions
- TOUWAIDE François Ghislain Gabriel 200 shares (20%) · €2,000
- SADAR Noor 200 shares (20%) · €2,000
- MEDIAWAN STUDIO FRANCE (BE 1003.229.230) 600 shares (60%) · €6,000
- 28-12-2023 Incorporation · €10,000 · 1,000 shares
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- end not dated
| Name | Functions and periods |
|---|---|
| WALK THE WALK |
|
| GRANT THORNTON BEDRIJFSREVISOREN SRL |
|
| DESMET Gregory |
|
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “1000, 1 à 1.000”
Articles of association, deed of 28-12-2023 (in French)
Network & group
Companies at the same address
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- POLYONE Registered office · since 2026 1039444179
- Goffin ESTATE Registered office · since 2026 1038765278
- Moodlaw Establishment · since 2026 0841704731
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- DIOKA Registered office · since 2026 1036840819
Connections & network
3 connected companiesTimeline
Acts, filings and financial milestones
09-04
Gazette deed
Company renamed from BEWAN to BeHivePower of attorney4 points ▸
- General meeting, 04-04-2024
- Name change, BeHive
- Power of attorney, Guy DESCAMPS
- Power of attorney
28-12
Gazette deed
IncorporationStarting capital €10,000 · Appointments: Walk the Walk (director) and DESMET Gregory (statutory auditor) · Permanent representative: TOUWAIDE François Ghislain Gabriel · Founder13 points ▸
- Founder, TOUWAIDE François Ghislain Gabriel (comparant)
- Founder, SADAR Noor (comparant)
- Founder, MEDIAWAN STUDIO FRANCE (comparante)
- Incorporation, “BEWAN” (deed in French)
- Founding capital, €10,000
- Bank account, “BE96 7320 7312 3705, compte spécial ouvert au nom de la société en formation” (deed in French)
- Registered office clause, “1050 Ixelles Avenue Louise 251 boite 38” (deed in French)
- Director appointment, Walk the Walk (director)
- Permanent representative, TOUWAIDE François Ghislain Gabriel
- Director appointment, Walk the Walk (managing director)
- Auditor appointment, DESMET Gregory (statutory auditor)
- Pre-incorporation commitments, “takeover, tous engagements et obligations qui en résultent et toutes activités entreprises par l'un ou l'autre des comparants au nom et pour compte de la sociét…” (deed in French)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
13 activities
- La production, la distribution, la commercialisation et plus généralement l’exploitation d’œuvres audiovisuelles et cinématographiques, quel que soit le format desdites œuvres audiovisuelles et cinématographiques
- La création, le développement, la préparation, la régie, la direction, la réalisation, la production déléguée ou exécutive de toutes œuvres audiovisuelles et cinématographiques, quel que soit le format desdites œuvres audiovisuelles et cinématographiques
- Toutes opérations se rapportant directement ou indirectement, d’une part à l’enregistrement, l’éclairage, la régie technique et la prise de son en studio ou en direct, quel que soit le support utilisé, desdites œuvres audiovisuelles et cinématographiques, ainsi que la production, la postproduction, la commercialisation sous toutes formes de ces enregistrements et d’autre part à l’organisation, la création, la conception, la gestion de toutes manifestations audiovisuelles généralement quelconques, publiques ou privées, campagnes publicitaires ou promotionnelles faisant appel aux techniques de l’audiovisuel ou du cinéma
- La mise à disposition, le prêt, l’engagement, la location, la prise en location de personnel et/ou de matériel généralement quelconque et en particulier tout le matériel de type audiovisuel et cinématographique, et tout l’équipement logistique que nécessite la réalisation des opérations de production, de postproduction et de commercialisation desdites œuvres audiovisuelles et cinématographiques, ainsi que l’achat, la vente en gros et au détail, le financement, l’importation, l’exportation, la représentation et le courtage dudit matériel, dans les cadre des opérations dont question aux présents
- La réalisation, l’édition et l’exploitation de matériels et campagnes publicitaires et promotionnels, l’organisation d’évènements et de manifestations culturels et promotionnels de toutes natures en relation avec ses activités
- Toutes activités ayant trait à l’écriture, l’adaptation et le développement de scénarii et autres textes de type littéraire ou non
- La détention de participations, notamment dans des sociétés actives dans le secteur de la production audiovisuelle et cinématographique
- La contribution à la constitution et au développement de sociétés, en ce compris les sociétés dans lesquelles elle détient des participations, par voie d'apports, de fusions, de souscriptions ou d'investissements généralement quelconques, par l'acceptation de mandats d'administrateur et par la gestion d'entreprises. La gestion d'entreprises comprend notamment toutes les activités de conseil et d'assistance en matière de stratégie, la prestation de tous services administratifs et techniques ou tout autre type d'activité pouvant favoriser directement cette gestion
- Les services de traduction, d’interprétariat, de doublage et de sous-titrage sous toutes formes et sur tous formats
- L’achat, l’archivage, la gestion, la duplication et la vente de tous produits et supports audiovisuels, cinématographiques, musicaux, photographiques et textuels, ainsi que des droits de reproduction desdits supports et produits sous quelque forme que ce soit, par tous procédés connus ou inconnus à ce jour
- La vente, la publication, la distribution et la promotion ainsi que la création, l’amélioration et la correction, la transcription, la traduction et l’édition de textes de tous genres, sous toutes formes et sur tous supports
- La production de toute œuvre musical, sa création, son édition sur tous supports, son exploitation, la régie, la commission, le courtage, la vente, le conseil, l’assistance, la prestation technique liées à celle-ci
- Toutes opérations se rapportant au financement des œuvres audiovisuelles et cinématographiques, sous quelque forme qu’elles se présentent
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 |