COLONEL
ActiveSummary
COLONEL has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €353,650 and a net result of -€13,611. Equity has been growing by about 7.7% per year since 2019. Its solvency ranks better than 50% of 41 sector peers (NACE 59, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-11-2011 Normal situation
- Activity
- Motion picture, video and television programme production, sound recording and music publishing activities NACE 59112and 4 others
- Establishment unit
- 2.206.331.613 1030 Schaarbeek, since 30-11-2011
- Financial year end
- 31 March
- Peppol
- Reachable since 04-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €33,770
- ▼ 60.8%
- Turnover
- ≈ €140,000
- estimated
- Loss
- €13,611
- Equity
- €353,650
- ▼ 3.7%
- Total assets
- €594,553
- ▼ 9.6%
Score breakdownraises riskLoss of €13,611 (financial year 2026)lowers riskLiquidity: current ratio 3.69, cash €177,741Size: total assets €594,553Figures for financial year 2026 (filed on 23-10-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 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, micro). It does better than 63% of them on solvency, 82% on liquidity, 31% on profitability and 43% on growth.
The bankruptcy probability was computed on 02-11-2026 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 7 accounts on average 4 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)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 21-10-2026 at the NBB all 14 filings
Every figure per financial year
The operating result for 2026 is a loss of €3,464, after a profit of €45,063 in 2025. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,079 | €20,103 | €17,791 | €1,548 | - |
| Depreciation and write-downs of the year | €66,962 | €33,713 | €35,055 | €37,066 | €32,784 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60,046 | €60,613 | €60,732 | €66,962 | €33,713 | €35,055 | €37,066 | €32,784 | ▼ 11.6% |
| Other operating charges640/8 | - | - | - | €3,220 | €4,861 | €4,603 | €4,025 | €4,449 | ▲ 10.5% |
| Gross operating margin9900 | €99,020 | €107,255 | €123,561 | €100,784 | €69,896 | €150,988 | €86,154 | €33,770 | ▼ 60.8% |
| Operating profit (loss)9901 | €37,555 | €44,688 | €54,724 | €30,601 | €31,322 | €111,330 | €45,063 | -€3,464 | - |
| Financial income75/76B | - | - | - | €14,496 | €0 | €142 | €4,125 | €809 | ▼ 80.4% |
| Recurring financial income75 | €15,796 | €14,400 | €14,466 | €14,496 | €0 | €142 | €4,125 | €809 | ▼ 80.4% |
| Financial charges65/66B | - | - | - | €7,003 | €6,493 | €6,045 | €5,908 | €9,819 | ▲ 66.2% |
| Recurring financial charges65 | €8,784 | €8,536 | €12,018 | €7,003 | €6,493 | €6,045 | €5,908 | €9,819 | ▲ 66.2% |
| Profit (loss) for the period before taxes9903 | €44,567 | €50,551 | €57,172 | €38,094 | €24,830 | €105,427 | €43,280 | -€12,473 | - |
| Transfer from deferred taxes780 | - | - | - | €4,800 | - | - | - | - | - |
| Income taxes67/77 | €13,386 | €18,427 | €17,943 | €14,627 | €11,803 | €33,446 | €15,059 | €1,138 | ▼ 92.4% |
| Profit (loss) for the period9904 | €34,035 | €36,924 | €44,029 | €28,267 | €13,026 | €71,980 | €28,222 | -€13,611 | - |
| Profit (loss) for the period to be appropriated9905 | €34,035 | €36,924 | €44,029 | €28,267 | €13,026 | €71,980 | €28,222 | -€13,611 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €687,819 | €676,565 | €684,334 | €665,773 | €649,325 | €665,788 | €657,720 | €594,553 | ▼ 9.6% |
| Fixed assets21/28 | €625,382 | €573,825 | €560,772 | €502,889 | €489,279 | €472,015 | €436,497 | €403,713 | ▼ 7.5% |
| Intangible fixed assets21 | €86,549 | €57,675 | €28,837 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €538,473 | €515,790 | €531,574 | €502,529 | €488,919 | €471,655 | €436,137 | €403,353 | ▼ 7.5% |
| Land and buildings22 | - | - | - | €452,580 | €435,831 | €419,583 | €403,335 | €387,087 | ▼ 4.0% |
| Plant, machinery and equipment23 | - | - | - | €7,002 | €19,189 | €17,776 | €14,063 | €9,538 | ▼ 32.2% |
| Furniture and vehicles24 | - | - | - | €42,947 | €33,899 | €34,296 | €18,739 | €6,728 | ▼ 64.1% |
| Financial fixed assets28 | €360 | €360 | €360 | €360 | €360 | €360 | €360 | €360 | = |
| Current assets29/58 | €62,437 | €102,741 | €123,563 | €162,884 | €160,046 | €193,773 | €221,223 | €190,841 | ▼ 13.7% |
| Stocks and contracts in progress3 | - | - | €49,965 | €50,000 | - | - | €13,426 | - | - |
| Contracts in progress37 | - | - | - | €50,000 | - | - | €13,426 | - | - |
| Amounts receivable within one year40/41 | €54,640 | €15,631 | €10,366 | €36,488 | €9,535 | €28,521 | €30,626 | €12,723 | ▼ 58.5% |
| Trade receivables40 | - | - | - | €36,488 | €7,904 | €11,270 | €6,902 | €7,932 | ▲ 14.9% |
| Other amounts receivable41 | - | - | - | - | €1,631 | €17,251 | €23,724 | €4,791 | ▼ 79.8% |
| Cash at bank and in hand54/58 | €7,797 | €86,984 | €62,942 | €76,166 | €149,430 | €164,452 | €176,003 | €177,741 | ▲ 1.0% |
| Deferred charges and accrued income490/1 | - | - | - | €230 | €1,082 | €799 | €1,168 | €376 | ▼ 67.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €687,819 | €676,565 | €684,334 | €665,773 | €649,325 | €665,788 | €657,720 | €594,553 | ▼ 9.6% |
| Equity10/15 | €228,013 | €250,537 | €280,166 | €294,033 | €307,060 | €379,040 | €367,261 | €353,650 | ▼ 3.7% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €165,860 | €202,760 | €246,760 | €274,960 | €287,960 | €359,860 | €348,060 | €348,060 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €273,100 | €286,100 | €359,860 | €348,060 | €348,060 | = |
| Profit (loss) carried forward14 | €353 | €377 | €406 | €473 | €500 | €580 | €601 | -€13,010 | - |
| Provisions and deferred taxes16 | €14,400 | €9,600 | €4,800 | - | - | - | - | - | - |
| Amounts payable17/49 | €445,406 | €416,429 | €399,368 | €371,740 | €342,265 | €286,748 | €290,459 | €240,903 | ▼ 17.1% |
| Amounts payable after more than one year17 | €369,748 | €345,388 | €328,912 | €295,246 | €269,446 | €243,148 | €216,341 | €189,016 | ▼ 12.6% |
| Financial debts170/4 | - | - | - | €295,246 | €269,446 | €243,148 | €216,341 | €189,016 | ▼ 12.6% |
| Amounts payable within one year42/48 | €75,658 | €71,041 | €70,456 | €76,493 | €72,819 | €43,600 | €74,118 | €51,752 | ▼ 30.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €33,710 | €25,800 | €26,299 | €26,807 | €27,324 | ▲ 1.9% |
| Trade debts44 | €11,082 | €1,508 | €3,731 | €4,942 | €17,470 | €3,751 | €3,316 | €7,240 | ▲ 118% |
| Suppliers440/4 | - | - | - | €4,942 | €17,470 | €3,751 | €3,316 | €7,240 | ▲ 118% |
| Taxes, remuneration and social security45 | - | - | - | €17,738 | €1,733 | €9,376 | €3,995 | €507 | ▼ 87.3% |
| Taxes450/3 | - | - | - | €15,138 | €1,733 | €9,376 | €995 | €507 | ▼ 49.1% |
| Remuneration and social security454/9 | - | - | - | €2,600 | - | - | €3,000 | - | - |
| Other amounts payable47/48 | - | - | - | €20,103 | €27,816 | €4,174 | €40,000 | €16,681 | ▼ 58.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €135 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,035 | €36,924 | €44,029 | €28,267 | €13,026 | €71,980 | €28,222 | -€13,611 | - |
| + Depreciation and write-downs630 | €60,046 | €60,613 | €60,732 | €66,962 | €33,713 | €35,055 | €37,066 | €32,784 | ▼ 11.6% |
| Operating cash flow (approximation) | €94,081 | €97,537 | €104,761 | €95,229 | €46,739 | €107,035 | €65,287 | €19,173 | ▼ 70.6% |
| Investment in fixed assets (approximation) | - | -€9,056 | -€47,679 | -€9,079 | -€20,103 | -€17,791 | -€1,548 | €0 | - |
| Change in cash | - | €79,187 | -€24,042 | €13,224 | €73,263 | €15,023 | €11,551 | €1,738 | ▼ 84.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,686 companies had the same profile as COLONEL has now. Two years later, 93.7% were still going and 0.6% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COLONEL itself: < 0.1% 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 2,686 companies, not a prediction for COLONEL. 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.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 21-10-2026 | 2026-00567134 | |
| 31-03-2025 | micro format | 23-10-2025 | 2025-00550302 | |
| 31-03-2024 | micro format | 24-10-2024 | 2024-00515042 | |
| 31-03-2023 | micro format | 30-10-2023 | 2023-00501480 | |
| 31-03-2022 | micro format | 26-10-2022 | 2022-20474629 | |
| 31-03-2021 | micro format | 28-10-2021 | 2021-74400535 | |
| 31-03-2020 | micro format | 09-11-2020 | 2020-69800537 | |
| 31-03-2019 | micro format | 31-10-2019 | 2019-72900475 | |
| 31-03-2018 | micro format | 31-10-2018 | 2018-71500074 | |
| 31-03-2017 | micro format | 02-11-2017 | 2017-69300359 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 13-12-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BINON Lore Julie Wina |
|
| Schellens Matthias |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Prijs vermeld in oorspronkelijke bekendmaking, voor helft ten laste overdrager en helft ten laste koper(s),naar evenredigheid aantal bij…”
Articles of association, deed of 13-12-2023 (in Dutch)
Network & group
COLONEL shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of COLONEL. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
13-12
Gazette deed
1 director appointed, 1 director resigning, 1 reappointedResignation: Schellens Matthias (manager and director) · Reappointment: Schellens Matthias (director) · Appointment: BINON Lore Julie Wina (director)12 points ▸
- Legal form clause, “behoud, besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, Schellens Matthias (manager and director)
- Director reappointment, Schellens Matthias (director (not named in the articles))
- Director discharge, Schellens Matthias
- Director appointment, BINON Lore Julie Wina (director (not named in the articles))
- Registered office clause, “algemene vergadering verklaart, Rubensstraat 58,1030 Brussel” (deed in Dutch)
- Other provision, “besluitvorming, alle besluiten met eenparigheid van stemmen” (deed in Dutch)
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
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 |
|---|---|---|---|---|
| 21910E0195/00A004 | Brussels | 105 m² | 1 · 82 m² | 15.7 m · 4 |