CINEMA DIRECT
ActiveSummary
CINEMA DIRECT has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€857,021) and a net result of -€18,049. Equity remains stable across the filed fiscal years (±1.4% per year). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14; short-term debt: 559.3% and cash: 60.5% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Return on assets
-258.9%
Age of the figures
21 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% 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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
43 d early
2023
23 d late
2022
34 d early
2021
14 d early
2020
9 d early
2019
24 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 12 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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. Usually files around 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
In the rankings
#6 oldest company in Ukkel, Publishing and media sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€18,049▼ 20.9%
2023 · -€14,928
Working capital
-€33,354▼ 139%
2023 · -€13,972
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,872▲ 87.5%-€3,364▼ 79.7%-€17,063▼ 407%-€14,875▲ 12.8%-€17,987▼ 20.9%
Net result-€1,921within the sector's middle half▲ 87.4%-€3,430within the sector's middle half▼ 78.6%-€17,238below the sector's middle half▼ 403%-€14,928below the sector's middle half▲ 13.4%-€18,049below the sector's middle half▼ 20.9%
Equity-€803,377below the sector's middle half▼ 0.2%-€806,807below the sector's middle half▼ 0.4%-€824,044below the sector's middle half▼ 2.1%-€838,972below the sector's middle half▼ 1.8%-€857,021below the sector's middle half▼ 2.2%
Total assets€1,248below the sector's middle half▼ 74.0%€4,502below the sector's middle half▲ 261%€1,831below the sector's middle half▼ 59.3%€2,024below the sector's middle half▲ 10.5%€6,972below the sector's middle half▲ 245%
Debt€804,625▼ 0.2%€811,309▲ 0.8%€825,875▲ 1.8%€840,996▲ 1.8%€863,993▲ 2.7%
Working capital-€3,376within the sector's middle half▼ 132%-€6,807within the sector's middle half▼ 102%€956within the sector's middle half-€13,972within the sector's middle half-€33,354below the sector's middle half▼ 139%
Current ratio0.14below the sector's middle half
Return on assets (ROA)-258.9%below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17,987 in 2024 against €14,875 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
Assets €6,972
Fixed assets
€1,333
Current assets
€5,639
Key figures and ratios
EBITDA
-€17,320
Cash flow
-€17,383
Debt to equity
-1.01
Interest coverage
-276.99
Debt ≤ 1 year
€38,993▲
2023 · €15,996
Debt > 1 year
€825,000=
2023 · €825,000
A ratio outside any meaningful range has been withheld (balance sheet total €6,972, equity -€857,021).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 6,621 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €666 | - |
| Other operating charges640/8 | - | - | €695 | €365 | €772 | ▲ 111% |
| Gross operating margin9900 | -€1,314 | -€3,364 | -€16,368 | -€14,509 | -€16,549 | ▼ 14.1% |
| Operating profit (loss)9901 | -€1,872 | -€3,364 | -€17,063 | -€14,875 | -€17,987 | ▼ 20.9% |
| Financial charges65/66B | - | €66 | €175 | €53 | €63 | ▲ 18.0% |
| Recurring financial charges65 | - | €66 | €175 | €53 | €63 | ▲ 18.0% |
| Profit (loss) for the period before taxes9903 | -€1,921 | -€3,430 | -€17,238 | -€14,928 | -€18,049 | ▼ 20.9% |
| Profit (loss) for the period9904 | -€1,921 | -€3,430 | -€17,238 | -€14,928 | -€18,049 | ▼ 20.9% |
| Profit (loss) for the period to be appropriated9905 | -€1,921 | -€3,430 | -€17,238 | -€14,928 | -€18,049 | ▼ 20.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,248 | €4,502 | €1,831 | €2,024 | €6,972 | ▲ 245% |
| Fixed assets21/28 | - | - | - | - | €1,333 | - |
| Tangible fixed assets22/27 | - | - | - | - | €1,333 | - |
| Plant, machinery and equipment23 | - | - | - | - | €1,333 | - |
| Current assets29/58 | €1,248 | €4,502 | €1,831 | €2,024 | €5,639 | ▲ 179% |
| Amounts receivable within one year40/41 | - | €438 | €492 | €777 | €1,420 | ▲ 82.8% |
| Trade receivables40 | - | - | - | €441 | €441 | = |
| Other amounts receivable41 | - | €438 | €492 | €335 | €978 | ▲ 192% |
| Cash at bank and in hand54/58 | €1,248 | €4,064 | €1,339 | €1,247 | €4,219 | ▲ 238% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,248 | €4,502 | €1,831 | €2,024 | €6,972 | ▲ 245% |
| Equity10/15 | -€803,377 | -€806,807 | -€824,044 | -€838,972 | -€857,021 | ▼ 2.2% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Outside capital11 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Other1109/19 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€811,433 | -€814,863 | -€832,101 | -€847,028 | -€865,078 | ▼ 2.1% |
| Amounts payable17/49 | €804,625 | €811,309 | €825,875 | €840,996 | €863,993 | ▲ 2.7% |
| Amounts payable after more than one year17 | €800,000 | €800,000 | €825,000 | €825,000 | €825,000 | = |
| Other amounts payable178/9 | - | €800,000 | €825,000 | €825,000 | €825,000 | = |
| Amounts payable within one year42/48 | €4,624 | €11,309 | €875 | €15,996 | €38,993 | ▲ 144% |
| Trade debts44 | - | - | - | - | €2,989 | - |
| Suppliers440/4 | - | - | - | - | €2,989 | - |
| Other amounts payable47/48 | - | €11,309 | €875 | €15,996 | €36,004 | ▲ 125% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,921 | -€3,430 | -€17,238 | -€14,928 | -€18,049 | ▼ 20.9% |
| + Depreciation and write-downs630 | - | - | - | - | €666 | - |
| Operating cash flow (approximation) | -€1,921 | -€3,430 | -€17,238 | -€14,928 | -€17,383 | ▼ 16.4% |
| Change in cash | - | €2,816 | -€2,725 | -€92 | €2,972 | ▲ 3,315% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
27-03
State Gazette act
Resignation: Etienne Verhaegen (director)Appointment: Arnaud Trejbiez (director) · Registered-office move · Power of attorney6 facts ▸
State Gazette act
Resignation: Etienne Verhaegen (director)
Appointment: Arnaud Trejbiez (director) · Registered-office move · Power of attorney6 facts ▸
- General meeting, 17/03/2026
- Director resignation, Etienne Verhaegen (director)
- Director appointment, Arnaud Trejbiez (director)
- Registered-office move, 1180 Uccle, avenue Kersbeek 308
- Power of attorney, J.Jordens srl
- Power of attorney, Serge Solau
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 5current ratio 2.09
Current ratio from 0.40 to 2.09; short-term debt falls from €11,309 to €875.
17-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 24 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Arnaud Trejbiez
CurrentDirector · since 17-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1988
Ground area
342 m²
Building footprint
99 m²
Volume, LiDAR
743 m³
Parcel 21616G0030/00T016, Brussels · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
446
companies at this address
See who is registered here
1 establishment unit
CINEMA DIRECT
since 19882.032.644.403
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 fl. |
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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Arnaud Trejbiez |
|
| Etienne Verhaegen |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 484 companies in sector 59112 we hold annual accounts for 248. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
59112Motion picture, video and television programme production, sound recording and music publishing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432615545
Also
9925:BE0432615545
Registered
03-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.