Equity
€5,890 from €118,776 in 2022
Equity fell by 95% in 3 years.
COBBLERSSON
Lifetime
18 annual accounts with figures on one time axispeak €78,097 (2022)
€3,735▼ 82.2%
lowest -€54,887 (2025)
-€54,887▼ €34,541
peak €118,776 (2022)
€5,890▼ 90.3%
€150,880▼ 8.7%
Board2 names since 2007
2 directorsNico Leunen and 1 other
Documentsfilings and deeds
20-07-202611 days before the deadline
2025micro format
Gross margin from €20,977 to €3,735Loss of €54,887Equity from €60,777 to €5,890Cash from €5,214 to €710
Key points
from the 2025 annual accountsLosses
-€112,885 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Turnover
≈ €12,000 estimated
The micro format states no turnover.
Debts
€150,880 96% of the balance sheet
Financial debts 19%Suppliers 2%Taxes and wages 55%Other 25%
Of this, €122,799 falls due within a year.
Filings
18 annual accounts since 2008
The last five annual accounts were filed 8 to 40 days before the end of the period.
Position in the sector
-€54,887
Lower net result than 95% of companies in film, video and music. Sector median €5,429 · 1,874 companies.
Checked score
53
Fair
Financially stronger than 11% of micro companies in film, video and music (NACE 59)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,578 companies (NACE 59, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%▼ -0.1 percentage points vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.1 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 1.0%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 1.0%● unchanged vs 08-2026highest value
10-2026: 1.0%● unchanged vs 09-2026highest value
11-2026: 1.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €54,887, the second in a row (financial year 2025)
Equity €5,890 (3.8% of total assets)
lowers risk
Size: total assets €156,770
Founded in 2007
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, micro). It does better than 20% of them on solvency, 7% on liquidity, 8% on profitability and 8% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 642 companies had the same profile as COBBLERSSON has now. Each dot stands for 2 companies, two years later.
89.9%
were still trading
5.5%
stopped another way
3.6%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COBBLERSSON itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,448 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 642 companies, not a prediction for COBBLERSSON. 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.02 (0.29 in 2024), below 1. Short-term debt is 78.3% and cash 0.5% of total assets. 96.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€54,887
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1873 sector peers (2025).
NBB · sector comparisonPosition among 1873 sector peers
Solvency
better than 19%
← weakest
strongest →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
8 days early
2023
40 days early
2022
24 days early
2021
11 days early
2020
29 days early
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days before 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0894283382
Changes of role: Nico Leunen (director) and Fien Troch (director)
“Het onderzoek, het ontwerp, de ontwikkeling, de montage, de productie, de exploitatie, de commercialisatie en…” (deed in Dutch) · Director discharge: Nico Leunen · Director discharge: Fien Troch · General meeting of 27-03-2023 · Gazette deed
Registered office moved from Brussels to Molenbeek-Saint-Jean
New registered office: Mariemontkaai 15/ F3, 1080 Sint-Jans Molenbeek · Previous registered office: Papenvest 36/5A, 1000 Brussel · General meeting of 01-10-2018 · Gazette deed
New establishment in Molenbeek-Saint-Jean
Ninoofsesteenweg 80
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COBBLERSSON Molenbeek-Saint-Jean | €156,770 | €3,735 | 3.8% | - |
| DIX Molenbeek-Saint-Jean | €136,288 | €7,463 | 12.9% | 0.3 |
| CREATION INSTINCT Ottignies-Louvain-la-Neuve | €90,884 | €5,810 | 84.6% | - |
| LIVE IS LIFE Begijnendijk | €92,289 | €2,473 | -18.6% | - |
| GEMSEL Watermael-Boitsfort | €121,795 | €6,858 | 92.2% | - |
| BE Purple Ixelles | €93,902 | €2,517 | 34.4% | - |
| AUDUMLA Tielt | €154,065 | €9,174 | 41.5% | - |
These companies have the same main activity as COBBLERSSON: post-production of films, video and television programmes (NACE 59120). They are comparable in size and age: total assets between €90,900 and €154,000, founded between 1996 and 2015.
Official details
Source: KBO- Status
- Active since 18-12-2007Normal situation
- Activity
- Post-production of films, video and television programmesNACE 59120
- Establishment units
- 2.168.151.3241080 Molenbeek-Saint-Jean, since 10-12-2007
- 2.282.710.8961080 Molenbeek-Saint-Jean, since 01-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 30-09-2024
Annual accounts 2025
- €156,770▼ 30.6%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on COBBLERSSON
COBBLERSSON files the micro format. That format states no turnover. The gross margin fell from €18,292 in 2008 to €3,735 in 2025.
The balance sheet grew most from 2009 to 2011 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COBBLERSSON
- What is the company number of COBBLERSSON?
- The company number of COBBLERSSON is 0894.283.382. The VAT number is the same number with BE in front: BE 0894.283.382.
- Where is COBBLERSSON based?
- The registered office is at Mariemontkaai 15, 1080 Molenbeek-Saint-Jean.Company details
- What does COBBLERSSON do?
- According to the KBO register, the main activity is post-production of films, video and television programmes (NACE 59120).
- What is the legal form of COBBLERSSON?
- COBBLERSSON is a private limited company (BV).
- When was COBBLERSSON founded?
- COBBLERSSON was founded on 18-12-2007.
- Is COBBLERSSON still active?
- Yes, COBBLERSSON is an active enterprise in the KBO register.
- What is the turnover of COBBLERSSON?
- The turnover in financial year 2025 is ≈ €12,000. This figure is estimated from the gross margin of €3,735 and 30 comparable companies (NACE 591). It probably lies between €7,400 and €28,000. It is a rough estimate.Financials
- Is COBBLERSSON profitable?
- In financial year 2025, COBBLERSSON made a loss of €54,887.
- Where can I find the annual accounts of COBBLERSSON?
- COBBLERSSON filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COBBLERSSON due?
- COBBLERSSON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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