Equity
€190,126 from €948,063 in 2023
Equity fell by 80% in 2 years.
COURAGE MON AMOUR FILMS
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2003Gross marginpeak €111,205 (2009)
-€11,072▲ €6,470
Resultlowest -€46,136 (2025)
-€46,136▼ €65,486
Equitypeak €948,063 (2023)
€190,126▼ 59.3%
Debts
€239,774▲ 19.3%
Board1 name since 2001
1 directorGORDON Fiona Mairi
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Gross margin from -€17,542 to -€11,072Loss of €46,136Equity from €467,687 to €190,126Debts from €200,996 to €239,774
Key points
from the 2025 annual accountsResult
-€46,136 -€46,136
From profit to loss in 2025, after a profit of €19,350 in 2024.
Investments
€3,201 0.0 × depreciation
Green is investment, beige is depreciation.
Filings
23 annual accounts 24 filings since 2003
Nine of the last ten came late. The 2017 accounts came latest: 512 days after the end of the period.
Position in the sector
-€46,136
Lower net result than 95% of companies in film, video and music. Sector median €5,456 · 1,870 companies.
Public support
€550,000 paid from 2022 to 2024
Wallonia-Brussels support, mostly Commission du Cinéma - Aide aux projets.
Turnover not published (micro format)
Checked score
82
Excellent
Financially stronger than 41% of micro companies in film, video and music (NACE 59)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,573 companies (NACE 59, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.1 percentage points vs 07-2025
09-2025: 0.6%▲ +0.1 percentage points vs 08-2025
10-2025: 0.7%▲ +0.1 percentage points vs 09-2025highest value
11-2025: 0.1%▼ -0.6 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.2 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Loss of €46,136 (financial year 2025)
Last filed accounts filed 29 days late; 2 of the last 3 accounts late
Figures for financial year 2025 (filed on 05-09-2026)
lowers risk
Liquidity: current ratio 2.93, cash €270,106
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 49% of them on solvency, 82% on liquidity, 19% on profitability and 12% on growth.
The bankruptcy probability was computed on 05-11-2026 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 very low class on 30-06-2025, 0.1% 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, 5,831 companies had the same profile as COURAGE MON AMOUR FILMS has now. Each dot stands for 15 companies, two years later.
84.6%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COURAGE MON AMOUR FILMS itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 5,831 companies, not a prediction for COURAGE MON AMOUR FILMS. 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
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.93 (4.75 in 2024), above the usual 1.5. Short-term debt is 29.5% and cash 62.8% of total assets. However, 55.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
29 days late
2024
61 days late
2023
91 days late
2023
253 days late
2022
134 days late
2021
2 days late
2020
29 days late
← 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 86 days after 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 30 September (3 of the last 3 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476320874
Amendment of the articles · Legal-form change · Resignations & appointments
Director in office: GORDON Fiona Mairi · Gazette deed
First establishment
Ruysdaelstraat 9, Anderlecht
Incorporation
published on 29-12-2001 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| COURAGE MON AMOUR FILMS Anderlecht | €429,900 | -€11,072 | 44.2% | - |
| Grizzly bv Sint-Katelijne-Waver | €390,202 | -€6,647 | 29.5% | - |
| CARNAGE PRODUCTIONS Woluwe-Saint-Lambert | €257,091 | -€19,050 | 90.0% | - |
| STAY TUNED Pont-à-Celles | €634,903 | -€7,373 | 87.9% | - |
| SOL ANGE Ixelles | €230,040 | -€36,922 | -14.0% | - |
| TERRA INCOGNITA FILMS Uccle | €202,931 | -€105,262 | 81.9% | - |
| MAX ! CREATIVE SERVICES Brussels | €253,040 | -€4,224 | 45.8% | - |
These companies have the same main activity as COURAGE MON AMOUR FILMS: production of cinema films (NACE 59111). They are comparable in size and age: total assets between €203,000 and €635,000, founded between 1988 and 2004.
Official details
Source: KBO- Status
- Active since 17-12-2001Normal situation
- Activity
- Production of cinema filmsNACE 59111
- Establishment unit
- 2.114.958.7021070 Anderlecht, since 04-09-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 29-06-2026
Insights on COURAGE MON AMOUR FILMS
COURAGE MON AMOUR FILMS files the micro format. That format states no turnover. The gross margin rose from -€19,619 in 2007 to -€11,072 in 2025.
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 COURAGE MON AMOUR FILMS
- What is the company number of COURAGE MON AMOUR FILMS?
- The company number of COURAGE MON AMOUR FILMS is 0476.320.874. The VAT number is the same number with BE in front: BE 0476.320.874.
- Where is COURAGE MON AMOUR FILMS based?
- The registered office is at Ruysdaelstraat 9, 1070 Anderlecht.Company details
- What does COURAGE MON AMOUR FILMS do?
- According to the KBO register, the main activity is production of cinema films (NACE 59111).
- What is the legal form of COURAGE MON AMOUR FILMS?
- COURAGE MON AMOUR FILMS is a private limited company (BV).
- When was COURAGE MON AMOUR FILMS founded?
- COURAGE MON AMOUR FILMS was founded on 17-12-2001.
- Is COURAGE MON AMOUR FILMS still active?
- Yes, COURAGE MON AMOUR FILMS is an active enterprise in the KBO register.
- How many employees does COURAGE MON AMOUR FILMS have?
- COURAGE MON AMOUR FILMS had an average of 2.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of COURAGE MON AMOUR FILMS?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is COURAGE MON AMOUR FILMS profitable?
- In financial year 2025, COURAGE MON AMOUR FILMS made a loss of €46,136.
- Where can I find the annual accounts of COURAGE MON AMOUR FILMS?
- COURAGE MON AMOUR FILMS filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COURAGE MON AMOUR FILMS due?
- COURAGE MON AMOUR FILMS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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