COB STUDIOS
ActiveSummary
COB STUDIOS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €381,491 and a net result of -€17,330. Equity is growing by ~30.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 1562 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-17
Solvency100▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 6.6 against 2.03 in 2024; short-term debt: 9% and cash: 39.2% of total assets), and 13.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
5 d early
2021
122 d early
2020
39 d late
2019
on the day
← 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 13 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€381,491▼ 4.3%
2024 · €398,820
Total assets
€440,429▼ 28.9%
2024 · €619,773
Net result
-€17,330
2024 · €62,836
Working capital
€222,406▲ 11.5%
2024 · €199,541
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, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,890€60,275€183,307▲ 204%€87,943▼ 52.0%-€15,651
Net result-€7,119below the sector's middle half€52,184above the sector's middle half€137,798above the sector's middle half▲ 164%€62,836above the sector's middle half▼ 54.4%-€17,330below the sector's middle half
Equity€146,003above the sector's middle half▼ 4.6%€198,187above the sector's middle half▲ 35.7%€335,985above the sector's middle half▲ 69.5%€398,820above the sector's middle half▲ 18.7%€381,491above the sector's middle half▼ 4.3%
Total assets€274,208above the sector's middle half▼ 21.6%€363,795above the sector's middle half▲ 32.7%€507,915above the sector's middle half▲ 39.6%€619,773above the sector's middle half▲ 22.0%€440,429above the sector's middle half▼ 28.9%
Debt€128,205▼ 34.8%€165,608▲ 29.2%€171,930▲ 3.8%€220,953▲ 28.5%€58,938▼ 73.3%
Working capital-€24,445below the sector's middle half-€13,037below the sector's middle half▲ 46.7%€141,954above the sector's middle half€199,541above the sector's middle half▲ 40.6%€222,406above the sector's middle half▲ 11.5%
Solvency53.2%within the sector's middle half▲ 9.5pp54.5%within the sector's middle half▲ 1.2pp66.1%within the sector's middle half▲ 11.7pp64.3%within the sector's middle half▼ 1.8pp86.6%above the sector's middle half▲ 22.3pp
Current ratio0.77below the sector's middle half▼ 0.510.89below the sector's middle half▲ 0.122.08within the sector's middle half▲ 1.192.03within the sector's middle half▼ 0.056.60above the sector's middle half▲ 4.57
Return on assets (ROA)-2.6%below the sector's middle half▼ 24.5pp14.3%within the sector's middle half▲ 16.9pp27.1%above the sector's middle half▲ 12.8pp10.1%within the sector's middle half▼ 17.0pp-3.9%below the sector's middle half▼ 14.1pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15,651 after €87,943 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €440,429
Fixed assets
€178,305 ▼ 21.0%
Current assets
€262,124 ▼ 33.5%
Equity and liabilities €440,429
Equity
€381,491 ▼ 4.3%
Debt
€58,938 ▼ 73.3%
Debt's share of the balance-sheet total falls from 35.7% to 13.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€31,739▼
2024 · €132,315
Cash flow
€30,060▼
2024 · €107,208
Debt to equity
0.15▼
2024 · 0.55
ROE
-4.5%▼
2024 · 15.8%
Interest coverage
16.19▼
2024 · 73.92
Debt ≤ 1 year
€39,718▼
2024 · €194,539
Debt > 1 year
€19,220▼
2024 · €26,414
Income taxes
-€100▼
2024 · €23,329
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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 3,441 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 | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €2,198 | €284 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,719 | €34,737 | €39,766 | €44,372 | €47,389 | ▲ 6.8% |
| Other operating charges640/8 | - | €603 | €357 | €604 | €1,481 | ▲ 145% |
| Gross operating margin9900 | €22,397 | €97,812 | €223,715 | €132,920 | €33,219 | ▼ 75.0% |
| Operating profit (loss)9901 | -€5,890 | €60,275 | €183,307 | €87,943 | -€15,651 | ▼ 118% |
| Financial income75/76B | - | - | - | €12 | €182 | ▲ 1,463% |
| Recurring financial income75 | - | - | - | €12 | €182 | ▲ 1,463% |
| Financial charges65/66B | - | €2,183 | €1,958 | €1,790 | €1,961 | ▲ 9.6% |
| Recurring financial charges65 | €1,229 | €2,183 | €1,958 | €1,790 | €1,961 | ▲ 9.6% |
| Profit (loss) for the period before taxes9903 | -€7,119 | €58,092 | €181,349 | €86,165 | -€17,430 | ▼ 120% |
| Income taxes67/77 | €0 | €5,908 | €43,551 | €23,329 | -€100 | ▼ 100% |
| Profit (loss) for the period9904 | -€7,119 | €52,184 | €137,798 | €62,836 | -€17,330 | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | -€7,119 | €52,184 | €137,798 | €62,836 | -€17,330 | ▼ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274,208 | €363,795 | €507,915 | €619,773 | €440,429 | ▼ 28.9% |
| Fixed assets21/28 | €194,273 | €261,875 | €234,434 | €225,694 | €178,305 | ▼ 21.0% |
| Tangible fixed assets22/27 | €189,736 | €257,338 | €229,896 | €221,156 | €173,767 | ▼ 21.4% |
| Plant, machinery and equipment23 | - | €1,785 | €0 | - | - | - |
| Furniture and vehicles24 | - | €16,464 | €20,802 | €12,689 | €4,604 | ▼ 63.7% |
| Other tangible fixed assets26 | - | €239,088 | €209,095 | €208,467 | €169,163 | ▼ 18.9% |
| Financial fixed assets28 | €4,538 | €4,538 | €4,538 | €4,538 | €4,538 | = |
| Current assets29/58 | €79,935 | €101,920 | €273,481 | €394,080 | €262,124 | ▼ 33.5% |
| Amounts receivable within one year40/41 | €52,496 | €41,557 | €167,597 | €117,950 | €89,347 | ▼ 24.3% |
| Trade receivables40 | - | €41,557 | €167,597 | €117,950 | €89,315 | ▼ 24.3% |
| Other amounts receivable41 | - | €0 | - | - | €32 | - |
| Cash at bank and in hand54/58 | €27,439 | €60,250 | €105,884 | €276,130 | €172,777 | ▼ 37.4% |
| Deferred charges and accrued income490/1 | - | €114 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274,208 | €363,795 | €507,915 | €619,773 | €440,429 | ▼ 28.9% |
| Equity10/15 | €146,003 | €198,187 | €335,985 | €398,820 | €381,491 | ▼ 4.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €137,943 | €190,127 | €327,925 | €390,760 | €373,431 | ▼ 4.4% |
| Amounts payable17/49 | €128,205 | €165,608 | €171,930 | €220,953 | €58,938 | ▼ 73.3% |
| Amounts payable after more than one year17 | €20,357 | €47,184 | €40,403 | €26,414 | €19,220 | ▼ 27.2% |
| Financial debts170/4 | - | €47,184 | €40,403 | €26,414 | €19,220 | ▼ 27.2% |
| Amounts payable within one year42/48 | €104,380 | €114,957 | €131,527 | €194,539 | €39,718 | ▼ 79.6% |
| Current portion of amounts payable after more than one year42 | - | €20,377 | - | €7,060 | €7,194 | ▲ 1.9% |
| Trade debts44 | €56,740 | €41,785 | €30,835 | €64,895 | €10,380 | ▼ 84.0% |
| Suppliers440/4 | - | €41,785 | €30,835 | €64,895 | €10,380 | ▼ 84.0% |
| Taxes, remuneration and social security45 | - | €13,570 | €56,621 | €68,321 | €21,086 | ▼ 69.1% |
| Taxes450/3 | - | €13,570 | €56,621 | €66,364 | €21,086 | ▼ 68.2% |
| Remuneration and social security454/9 | - | - | - | €1,957 | - | - |
| Other amounts payable47/48 | - | €39,224 | €44,071 | €54,262 | €1,058 | ▼ 98.0% |
| Accrued charges and deferred income492/3 | - | €3,467 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,119 | €52,184 | €137,798 | €62,836 | -€17,330 | ▼ 128% |
| + Depreciation and write-downs630 | €27,719 | €34,737 | €39,766 | €44,372 | €47,389 | ▲ 6.8% |
| Operating cash flow (approximation) | €20,601 | €86,920 | €177,564 | €107,208 | €30,060 | ▼ 72.0% |
| Investment in fixed assets (approximation) | - | -€102,338 | -€12,325 | -€35,632 | €0 | ▲ 100% |
| Change in cash | - | €32,811 | €45,634 | €170,246 | -€103,353 | ▼ 161% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€17,330
Net result drops to -€17,330, the lowest in the series.
30-06
Financial
Liquidity triplescurrent ratio 6.60
Current ratio from 2.03 to 6.60; short-term debt falls from €194,539 to €39,718.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €137,798 ▲164%
Operating result €183,307, net result €137,798, both a record.
30-06
Financial
Liquidity doublescurrent ratio 2.08
Current ratio from 0.89 to 2.08.
30-06
Financial
Equity above €200,000Eq €335,985 ▲69.5%
2 profitable years in a row build equity to €335,985.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €52,184
Net result €52,184 after one loss-making year.
30-06
Financial
Equity above €150,000Eq €198,187 ▲35.7%
Equity rises from €146,003 to €198,187.
2021
01-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 39 days late
2020
30-06
Financial
Equity above €150,000Eq €153,122 ▲101%
2 profitable years in a row build equity to €153,122.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2018
Ground area
1.3 ha
Building footprint
4,913 m²
Volume, LiDAR
40,305 m³
Parcel 62817B0418/00G002, Wallonia · tallest building 16.3 m, ±3 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
Rue de Mulhouse 36, 4020 Liège
since 20182.328.954.261
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62817B0418/00G002 | Wallonia | 1.3 ha | 1 · 4,913 m² | 16.3 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.
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Of 594 companies in this sector we hold annual accounts for 196. 126 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded23-02-2018
Fiscal year end30-06
Activities, NACEBEL 2025
59203Motion picture, video and television programme production, sound recording and music publishing activities
59120Post-production of films, video and television programmes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0690899920
Also
9925:BE0690899920
Registered
30-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.