CONTENT VAN
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 17 days after the deadline Filed on 17 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00040322.
Annual accounts 2025 filed on 17-02-2026 PDF all 8 filings
Turnover
≈ €150,000
Estimated: probably between €93,000 and €280,000
Total assets
€83,201▼ 42.7%
2024 · €145,261
Net result
€28,255▼ 32.3%
2024 · €41,743
Working capital
€73,733▼ 30.8%
2024 · €106,477
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€37,950
▼ 30.2%
2025
20192025
Net result
€28,255
▼ 32.3%
2025
highest quarter of the sector
20192025
Equity
€73,733
▼ 19.4%
2025
middle half of the sector
20192025
Total assets
€83,201
▼ 42.7%
2025
middle half of the sector
20192025
Debt
€9,469
▼ 82.4%
2025
20192025
Working capital
€73,733
▼ 30.8%
2025
middle half of the sector
20192025
Solvency
88.6%
▲ 25.6pp
2025
highest quarter of the sector
20192025
Current ratio
8.79
▲ 5.04
2025
highest quarter of the sector
20192025
Return on assets (ROA)
34.0%
▲ 5.2pp
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€4,064-€15,752▲ 288%-€5,221€6,408€26,364▲ 311%€54,355▲ 106%€37,950▼ 30.2%
Net result€3,006-€12,347within the sector's middle half▲ 311%-€4,742below the sector's middle half€4,644within the sector's middle half€17,837within the sector's middle half▲ 284%€41,743above the sector's middle half▲ 134%€28,255above the sector's middle half▼ 32.3%
Equity€7,248-€19,595within the sector's middle half▲ 170%€14,853within the sector's middle half▼ 24.2%€19,497within the sector's middle half▲ 31.3%€49,734within the sector's middle half▲ 155%€91,477within the sector's middle half▲ 83.9%€73,733within the sector's middle half▼ 19.4%
Total assets€16,733-€31,069below the sector's middle half▲ 85.7%€52,383within the sector's middle half▲ 68.6%€54,065within the sector's middle half▲ 3.2%€80,629within the sector's middle half▲ 49.1%€145,261within the sector's middle half▲ 80.2%€83,201within the sector's middle half▼ 42.7%
Debt€9,485-€11,474▲ 21.0%€37,530▲ 227%€34,569▼ 7.9%€30,896▼ 10.6%€53,783▲ 74.1%€9,469▼ 82.4%
Working capital€6,884-€21,405within the sector's middle half▲ 211%€20,337within the sector's middle half▼ 5.0%€33,497within the sector's middle half▲ 64.7%€64,734within the sector's middle half▲ 93.3%€106,477above the sector's middle half▲ 64.5%€73,733within the sector's middle half▼ 30.8%
Solvency43.3%-63.1%within the sector's middle half▲ 19.8pp28.4%within the sector's middle half▼ 34.7pp36.1%within the sector's middle half▲ 7.7pp61.7%within the sector's middle half▲ 25.6pp63.0%within the sector's middle half▲ 1.3pp88.6%above the sector's middle half▲ 25.6pp
Current ratio4.47-4.91above the sector's middle half▲ 0.441.64within the sector's middle half▼ 3.272.63within the sector's middle half▲ 0.985.07above the sector's middle half▲ 2.443.75above the sector's middle half▼ 1.338.79above the sector's middle half▲ 5.04
Return on assets (ROA)18.0%-39.7%above the sector's middle half▲ 21.8pp-9.1%below the sector's middle half▼ 48.8pp8.6%within the sector's middle half▲ 17.6pp22.1%above the sector's middle half▲ 13.5pp28.7%above the sector's middle half▲ 6.6pp34.0%above the sector's middle half▲ 5.2pp
above
within
below
The sector band is the middle half of the companies in Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 30% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €83,201
Equity
€73,733 ▼ 19.4%
Debt
€9,469 ▼ 82.4%
Debt's share of the balance-sheet total falls from 37.0% to 11.4%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.13▼
2024 · 0.59
ROE
38.3%▼
2024 · 45.6%
Debt ≤ 1 year
€9,469▼
2024 · €38,783
Debt > 1 year
€0▼
2024 · €15,000
Income taxes
€7,786▼
2024 · €11,282
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,674 | €3,674 | €3,674 | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €381 | €469 | €657 | €531 | ▼ 19.1% |
| Gross operating margin9900 | €8,339 | €19,623 | -€1,001 | €6,789 | €26,833 | €55,011 | €38,482 | ▼ 30.0% |
| Operating profit (loss)9901 | €4,064 | €15,752 | -€5,221 | €6,408 | €26,364 | €54,355 | €37,950 | ▼ 30.2% |
| Financial income75/76B | - | - | - | €157 | €55 | €122 | €1,915 | ▲ 16× |
| Recurring financial income75 | €6 | €335 | €601 | €157 | €55 | €122 | €1,915 | ▲ 16× |
| Financial charges65/66B | - | - | - | €686 | €1,511 | €1,452 | €3,824 | ▲ 163% |
| Recurring financial charges65 | €14 | - | €5 | €686 | €1,511 | €1,452 | €3,824 | ▲ 163% |
| Profit (loss) for the period before taxes9903 | €4,056 | €16,086 | -€4,626 | €5,879 | €24,908 | €53,025 | €36,041 | ▼ 32.0% |
| Income taxes67/77 | €1,050 | €3,739 | €116 | €1,235 | €7,071 | €11,282 | €7,786 | ▼ 31.0% |
| Profit (loss) for the period9904 | €3,006 | €12,347 | -€4,742 | €4,644 | €17,837 | €41,743 | €28,255 | ▼ 32.3% |
| Profit (loss) for the period to be appropriated9905 | €3,006 | €12,347 | -€4,742 | €4,644 | €17,837 | €41,743 | €28,255 | ▼ 32.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €16,733 | €31,069 | €52,383 | €54,065 | €80,629 | €145,261 | €83,201 | ▼ 42.7% |
| Fixed assets21/28 | €7,864 | €4,190 | €516 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €7,864 | €4,190 | €516 | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - | - |
| Current assets29/58 | €8,869 | €26,879 | €51,867 | €54,065 | €80,629 | €145,261 | €83,201 | ▼ 42.7% |
| Amounts receivable within one year40/41 | €6,371 | €6,119 | €44,683 | €26,882 | €20,399 | €15,377 | €22,003 | ▲ 43.1% |
| Trade receivables40 | - | - | - | €26,882 | €20,399 | €8,835 | €17,215 | ▲ 94.9% |
| Other amounts receivable41 | - | - | - | €0 | - | €6,543 | €4,788 | ▼ 26.8% |
| Current investments50/53 | - | - | - | - | - | €100,000 | €34,146 | ▼ 65.9% |
| Cash at bank and in hand54/58 | €1,940 | €20,761 | €6,603 | €27,183 | €60,230 | €29,050 | €26,220 | ▼ 9.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | €834 | €832 | ▼ 0.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €16,733 | €31,069 | €52,383 | €54,065 | €80,629 | €145,261 | €83,201 | ▼ 42.7% |
| Equity10/15 | €7,248 | €19,595 | €14,853 | €19,497 | €49,734 | €91,477 | €73,733 | ▼ 19.4% |
| Contributions10/11 | €6,200 | - | - | €7,248 | €19,648 | €19,648 | €19,648 | = |
| Reserves13 | €1,048 | €11,048 | €11,048 | €10,000 | €30,000 | €71,000 | €54,000 | ▼ 23.9% |
| Non-distributable reserves130/1 | - | - | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €10,000 | €30,000 | €71,000 | €54,000 | ▼ 23.9% |
| Profit (loss) carried forward14 | - | €2,347 | -€2,395 | €2,249 | €86 | €830 | €85 | ▼ 89.8% |
| Amounts payable17/49 | €9,485 | €11,474 | €37,530 | €34,569 | €30,896 | €53,783 | €9,469 | ▼ 82.4% |
| Amounts payable after more than one year17 | €6,000 | €6,000 | €6,000 | €14,000 | €15,000 | €15,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €14,000 | €15,000 | €15,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1,985 | €5,474 | €31,530 | €20,569 | €15,896 | €38,783 | €9,469 | ▼ 75.6% |
| Trade debts44 | €1,233 | €2,142 | €12,676 | €3,821 | €3,957 | €3,560 | €2,857 | ▼ 19.7% |
| Suppliers440/4 | - | - | - | €3,821 | €3,957 | €3,560 | €2,857 | ▼ 19.7% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €1,732 | - |
| Taxes, remuneration and social security45 | - | - | - | €7,932 | €7,891 | €8,660 | €3,067 | ▼ 64.6% |
| Taxes450/3 | - | - | - | €7,932 | €7,891 | €8,660 | €3,067 | ▼ 64.6% |
| Other amounts payable47/48 | - | - | - | €8,815 | €4,048 | €26,563 | €1,813 | ▼ 93.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,006 | €12,347 | -€4,742 | €4,644 | €17,837 | €41,743 | €28,255 | ▼ 32.3% |
| + Depreciation and write-downs630 | €3,674 | €3,674 | €3,674 | €0 | - | - | - | - |
| Operating cash flow (approximation) | €6,680 | €16,022 | -€1,068 | €4,644 | €17,837 | €41,743 | €28,255 | ▼ 32.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €516 | - | - | - | - |
| Change in cash | - | €18,821 | -€14,158 | €20,580 | €33,047 | -€31,181 | -€2,830 | ▲ 90.9% |
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, 34,693 companies had the same profile as CONTENT VAN has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of CONTENT VAN itself: 0.2% 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 34,693 companies, not a prediction for CONTENT VAN. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 17-02-2026 | 2026-00040322 | |
| 30-06-2024 | micro format | 03-06-2025 | 2025-00129515 | |
| 30-06-2023 | micro format | 08-01-2024 | 2024-00002154 | |
| 30-06-2022 | micro format | 10-01-2023 | 2023-20559217 | |
| 30-06-2021 | micro format | 04-01-2022 | 2022-00300007 | |
| 30-06-2020 | micro format | 06-01-2021 | 2021-00700232 | |
| 30-06-2019 | micro format | 20-01-2020 | 2020-02000319 | |
| 30-06-2018 | micro format | 21-01-2019 | 2019-01800521 |