Belle Screen
ActiveSummary
Belle Screen has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €345,970 and a net result of €20,786. Equity is shrinking by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 313 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+19
Solvency79▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.16 against 2.04 in 2024; short-term debt: 40.3% and cash: 37.7% of total assets), and 45.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.2%
Return on assets
3.3%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
30 d early
2023
30 d early
2022
34 d early
2021
45 d early
2020
122 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€345,970▼ 25.6%
2024 · €465,184
Total assets
€637,766▼ 25.0%
2024 · €849,965
Net result
€20,786
2024 · -€16,724
Working capital
€296,928▼ 25.5%
2024 · €398,721
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, 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
Line20212022202320242025
Operating result-€127▲ 99.8%€294€11,158▲ 3,696%-€21,223€15,642
Net result€6,046within the sector's middle half€1,405within the sector's middle half▼ 76.8%€14,316within the sector's middle half▲ 919%-€16,724below the sector's middle half€20,786within the sector's middle half
Equity€766,188above the sector's middle half▼ 31.0%€767,593above the sector's middle half▲ 0.2%€781,908within the sector's middle half▲ 1.9%€465,184within the sector's middle half▼ 40.5%€345,970within the sector's middle half▼ 25.6%
Total assets€1.3mwithin the sector's middle half▲ 5.7%€913,520within the sector's middle half▼ 31.3%€923,811within the sector's middle half▲ 1.1%€849,965within the sector's middle half▼ 8.0%€637,766within the sector's middle half▼ 25.0%
Debt€563,323▲ 283%€145,927▼ 74.1%€141,902▼ 2.8%€384,781▲ 171%€291,795▼ 24.2%
Working capital€713,288▼ 33.0%€674,276▼ 5.5%€690,919▲ 2.5%€398,721▼ 42.3%€296,928▼ 25.5%
Solvency57.6%within the sector's middle half▼ 30.7pp84.0%above the sector's middle half▲ 26.4pp84.6%above the sector's middle half▲ 0.6pp54.7%within the sector's middle half▼ 29.9pp54.2%within the sector's middle half▼ 0.5pp
Staff (FTE)2below the sector's middle half▲ 5.3%2below the sector's middle half=2.2within the sector's middle half▲ 10.0%2.3within the sector's middle half▲ 4.5%2.4within the sector's middle half▲ 4.3%
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €15,642 after a loss of €21,223 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €637,766
Fixed assets
€84,099 ▲ 24.7%
Current assets
€553,667 ▼ 29.2%
Equity and liabilities €637,766
Equity
€345,970 ▼ 25.6%
Debt
€291,795 ▼ 24.2%
Debt's share of the balance-sheet total rises from 45.3% to 45.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€45,509▲
2024 · €7,502
Cash flow
€50,654▲
2024 · €12,000
Current ratio
2.16▲
2024 · 2.04
Quick ratio
1.99▲
2024 · 1.92
Debt to equity
0.84▲
2024 · 0.83
ROE
6.0%▲
2024 · -3.6%
ROA
3.3%▲
2024 · -2.0%
Interest coverage
17.20▲
2024 · 4.55
Debt ≤ 1 year
€256,739▼
2024 · €383,814
Debt > 1 year
€34,089▲
2024 · €0
Income taxes
€416▲
2024 · €383
Staff costs
€126,771▼
2024 · €128,364
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,396 | - |
| Remuneration, social security and pensions62 | €71,121 | €72,396 | €92,780 | €128,364 | €126,771 | ▼ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,276 | €21,952 | €33,734 | €28,725 | €29,868 | ▲ 4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€4,339 | €0 | - | - | -€2,495 | - |
| Other operating charges640/8 | €5,403 | €3,608 | €1,277 | €1,732 | €4,795 | ▲ 177% |
| Gross operating margin9900 | €92,334 | €98,251 | €138,949 | €137,598 | €174,581 | ▲ 26.9% |
| Operating profit (loss)9901 | -€127 | €294 | €11,158 | -€21,223 | €15,642 | ▲ 174% |
| Financial income75/76B | €6,790 | €5,571 | €5,726 | €6,532 | €8,207 | ▲ 25.7% |
| Recurring financial income75 | €6,790 | €5,571 | €5,726 | €6,532 | €8,207 | ▲ 25.7% |
| Financial charges65/66B | €474 | €4,287 | €2,183 | €1,650 | €2,647 | ▲ 60.4% |
| Recurring financial charges65 | €474 | €4,287 | €2,183 | €1,650 | €2,647 | ▲ 60.4% |
| Profit (loss) for the period before taxes9903 | €6,189 | €1,577 | €14,700 | -€16,341 | €21,202 | ▲ 230% |
| Income taxes67/77 | €143 | €173 | €385 | €383 | €416 | ▲ 8.5% |
| Profit (loss) for the period9904 | €6,046 | €1,405 | €14,316 | -€16,724 | €20,786 | ▲ 224% |
| Profit (loss) for the period to be appropriated9905 | €6,046 | €1,405 | €14,316 | -€16,724 | €20,786 | ▲ 224% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €913,520 | €923,811 | €849,965 | €637,766 | ▼ 25.0% |
| Fixed assets21/28 | €64,058 | €101,264 | €94,389 | €67,430 | €84,099 | ▲ 24.7% |
| Intangible fixed assets21 | €8,689 | €5,183 | €2,370 | €722 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €55,253 | €95,965 | €91,904 | €66,593 | €83,984 | ▲ 26.1% |
| Plant, machinery and equipment23 | €40,811 | €88,760 | €90,057 | €65,188 | €40,915 | ▼ 37.2% |
| Furniture and vehicles24 | €842 | €404 | €1,846 | €1,405 | €964 | ▼ 31.4% |
| Leasing and similar rights25 | €13,600 | €6,800 | €0 | - | €42,104 | - |
| Financial fixed assets28 | €115 | €115 | €115 | €115 | €115 | = |
| Current assets29/58 | €1.3m | €812,256 | €829,421 | €782,535 | €553,667 | ▼ 29.2% |
| Amounts receivable after more than one year29 | €119,505 | €119,505 | €119,505 | €119,505 | €0 | ▼ 100% |
| Other amounts receivable291 | €119,505 | €119,505 | €119,505 | €119,505 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €19,015 | €35,914 | €39,072 | €47,132 | €41,869 | ▼ 11.2% |
| Stocks30/36 | €19,015 | €35,914 | €39,072 | €47,132 | €41,869 | ▼ 11.2% |
| Amounts receivable within one year40/41 | €851,133 | €399,016 | €367,912 | €308,292 | €261,583 | ▼ 15.2% |
| Trade receivables40 | €265,613 | €165,524 | €135,200 | €72,369 | €123,182 | ▲ 70.2% |
| Other amounts receivable41 | €585,521 | €233,492 | €232,712 | €235,924 | €138,402 | ▼ 41.3% |
| Cash at bank and in hand54/58 | €269,024 | €253,697 | €295,343 | €298,911 | €240,503 | ▼ 19.5% |
| Deferred charges and accrued income490/1 | €6,776 | €4,124 | €7,590 | €8,695 | €9,711 | ▲ 11.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €913,520 | €923,811 | €849,965 | €637,766 | ▼ 25.0% |
| Equity10/15 | €766,188 | €767,593 | €781,908 | €465,184 | €345,970 | ▼ 25.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €759,988 | €761,393 | €775,708 | €458,984 | €339,770 | ▼ 26.0% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Distributable reserves133 | €758,129 | €759,534 | €773,849 | €458,984 | €339,770 | ▼ 26.0% |
| Profit (loss) carried forward14 | - | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €563,323 | €145,927 | €141,902 | €384,781 | €291,795 | ▼ 24.2% |
| Amounts payable after more than one year17 | €11,157 | €6,947 | €3,400 | €0 | €34,089 | - |
| Financial debts170/4 | €11,157 | €6,947 | €3,400 | €0 | €34,089 | - |
| Amounts payable within one year42/48 | €552,165 | €137,980 | €138,502 | €383,814 | €256,739 | ▼ 33.1% |
| Current portion of amounts payable after more than one year42 | €4,160 | €4,210 | €3,547 | €0 | €8,252 | - |
| Trade debts44 | €164,742 | €95,595 | €94,488 | €50,078 | €51,590 | ▲ 3.0% |
| Suppliers440/4 | €164,742 | €95,595 | €94,488 | €50,078 | €51,590 | ▲ 3.0% |
| Advances received on contracts in progress46 | €150 | €0 | €511 | €133 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €30,974 | €38,175 | €39,955 | €33,603 | €52,758 | ▲ 57.0% |
| Taxes450/3 | €13,322 | €22,314 | €20,119 | €13,426 | €33,963 | ▲ 153% |
| Remuneration and social security454/9 | €17,652 | €15,861 | €19,836 | €20,178 | €18,795 | ▼ 6.9% |
| Other amounts payable47/48 | €352,140 | €0 | - | €300,000 | €144,139 | ▼ 52.0% |
| Accrued charges and deferred income492/3 | - | €1,000 | €0 | €967 | €967 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,046 | €1,405 | €14,316 | -€16,724 | €20,786 | ▲ 224% |
| + Depreciation and write-downs630 | €20,276 | €21,952 | €33,734 | €28,725 | €29,868 | ▲ 4.0% |
| Operating cash flow (approximation) | €26,322 | €23,357 | €48,050 | €12,000 | €50,654 | ▲ 322% |
| Investment in fixed assets (approximation) | - | -€59,158 | -€26,860 | -€1,766 | -€46,536 | ▼ 2,535% |
| Change in cash | - | -€15,327 | €41,646 | €3,568 | -€58,408 | ▼ 1,737% |
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
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €20,786
Net result €20,786 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 5.89
Current ratio from 2.29 to 5.89; short-term debt falls from €552,165 to €137,980.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €6,046
Net result €6,046 after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 122 days late
2020
31-12
Financial
Weakest financial yearnet -€61,328
Net result drops to -€61,328, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Aalter · 1 establishment unit since 1990
Ground area
1.3 ha
Building footprint
2,503 m²
Parcel 44001B0083/00P007, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
BELLE SCREEN
since 19902.050.733.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0083/00P007 | Flanders | 1.3 ha | 1 · 2,503 m² | - |
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
2022 to 2025 · 2 entries · 162 EUR awarded · 78 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 84 EUR | 0 EUR |
| 2022 | 1 | 78 EUR | 78 EUR |
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Of 195 companies in sector 18110 we hold annual accounts for 134. 98 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
Founded15-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
18110Printing and reproduction of recorded media
18120Other printing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441931406
Also
9925:BE0441931406
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.