D.EFFECTS
ActiveSummary
D.EFFECTS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,648 and a net result of €36,113. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 44% of 1541 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+34
Solvency66▼-34
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 44.88 in 2024; short-term debt: 50.7% and cash: 31.1% of total assets), but 59.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.7%
Return on assets
41.3%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
29 d early
2024
29 d early
2023
13 d late
2022
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 4 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€35,648▲ 3.2%
2024 · €34,535
Total assets
€87,504▲ 106%
2024 · €42,491
Net result
€36,113
2024 · -€771
Working capital
€32,455▲ 11.4%
2024 · €29,124
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€40,914-€3,159▼ 92.3%€64▼ 98.0%€45,330▲ 70,540%
Net result€28,734above the sector's middle half-€1,572within the sector's middle half▼ 94.5%-€771within the sector's middle half€36,113above the sector's middle half
Equity€33,734within the sector's middle half-€35,306within the sector's middle half▲ 4.7%€34,535within the sector's middle half▼ 2.2%€35,648within the sector's middle half▲ 3.2%
Total assets€37,889below the sector's middle half-€46,427within the sector's middle half▲ 22.5%€42,491within the sector's middle half▼ 8.5%€87,504within the sector's middle half▲ 106%
Debt€4,156-€11,122▲ 168%€7,956▼ 28.5%€51,856▲ 552%
Working capital€14,134within the sector's middle half-€27,555within the sector's middle half▲ 95.0%€29,124within the sector's middle half▲ 5.7%€32,455within the sector's middle half▲ 11.4%
Solvency89.0%above the sector's middle half-76.0%above the sector's middle half▼ 13.0pp81.3%above the sector's middle half▲ 5.2pp40.7%within the sector's middle half▼ 40.5pp
Current ratio4.67above the sector's middle half-12.83above the sector's middle half▲ 8.1644.88above the sector's middle half▲ 32.061.73within the sector's middle half▼ 43.15
Return on assets (ROA)75.8%above the sector's middle half-3.4%within the sector's middle half▼ 72.4pp-1.8%within the sector's middle half▼ 5.2pp41.3%above the sector's middle half▲ 43.1pp
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 recovers in 2025; 2025 is 70,540% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,504
Fixed assets
€10,662 ▼ 16.1%
Current assets
€76,842 ▲ 158%
Equity and liabilities €87,504
Equity
€35,648 ▲ 3.2%
Debt
€51,856 ▲ 552%
Debt's share of the balance-sheet total rises from 18.7% to 59.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51,522▲
2024 · €5,391
Cash flow
€42,305▲
2024 · €4,556
Debt to equity
1.45▲
2024 · 0.23
ROE
101.3%▲
2024 · -2.2%
Interest coverage
550.62▲
2024 · 6.46
Debt ≤ 1 year
€44,387▲
2024 · €664
Income taxes
€9,163▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €420 | €5,082 | €5,327 | €6,192 | ▲ 16.2% |
| Other operating charges640/8 | €79 | €174 | €762 | €14,848 | ▲ 1,848% |
| Gross operating margin9900 | €41,414 | €8,415 | €6,153 | €66,370 | ▲ 979% |
| Operating profit (loss)9901 | €40,914 | €3,159 | €64 | €45,330 | ▲ 70,540% |
| Financial income75/76B | €162 | €129 | €0 | €39 | ▲ 19,620% |
| Recurring financial income75 | €162 | €129 | €0 | €39 | ▲ 19,620% |
| Financial charges65/66B | €1,443 | €1,007 | €835 | €94 | ▼ 88.8% |
| Recurring financial charges65 | €1,443 | €1,007 | €835 | €94 | ▼ 88.8% |
| Profit (loss) for the period before taxes9903 | €39,633 | €2,281 | -€771 | €45,276 | ▲ 5,974% |
| Income taxes67/77 | €10,899 | €709 | €0 | €9,163 | - |
| Profit (loss) for the period9904 | €28,734 | €1,572 | -€771 | €36,113 | ▲ 4,785% |
| Profit (loss) for the period to be appropriated9905 | €28,734 | €1,572 | -€771 | €36,113 | ▲ 4,785% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €37,889 | €46,427 | €42,491 | €87,504 | ▲ 106% |
| Fixed assets21/28 | €19,899 | €16,543 | €12,703 | €10,662 | ▼ 16.1% |
| Tangible fixed assets22/27 | €19,899 | €16,543 | €12,703 | €10,662 | ▼ 16.1% |
| Land and buildings22 | €13,837 | €12,616 | €0 | - | - |
| Plant, machinery and equipment23 | €4,345 | €2,803 | €1,262 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,717 | €1,123 | €1,952 | €4,301 | ▲ 120% |
| Other tangible fixed assets26 | - | - | €9,488 | €6,361 | ▼ 33.0% |
| Current assets29/58 | €17,990 | €29,885 | €29,788 | €76,842 | ▲ 158% |
| Amounts receivable within one year40/41 | €17,768 | €12,835 | €8,330 | €49,596 | ▲ 495% |
| Trade receivables40 | €15,229 | €8,109 | €7,500 | €45,302 | ▲ 504% |
| Other amounts receivable41 | €2,539 | €4,726 | €830 | €4,293 | ▲ 417% |
| Cash at bank and in hand54/58 | €222 | €17,050 | €21,426 | €27,214 | ▲ 27.0% |
| Deferred charges and accrued income490/1 | - | - | €32 | €32 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €37,889 | €46,427 | €42,491 | €87,504 | ▲ 106% |
| Equity10/15 | €33,734 | €35,306 | €34,535 | €35,648 | ▲ 3.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €28,734 | €30,306 | €30,306 | €30,306 | = |
| Distributable reserves133 | €28,734 | €30,306 | €30,306 | €30,306 | = |
| Profit (loss) carried forward14 | - | - | -€771 | €342 | ▲ 144% |
| Amounts payable17/49 | €4,156 | €11,122 | €7,956 | €51,856 | ▲ 552% |
| Amounts payable within one year42/48 | €3,856 | €2,330 | €664 | €44,387 | ▲ 6,588% |
| Trade debts44 | €1,536 | €1,621 | €664 | €719 | ▲ 8.3% |
| Suppliers440/4 | €1,536 | €1,621 | €664 | €719 | ▲ 8.3% |
| Taxes, remuneration and social security45 | €2,319 | €709 | €0 | €8,668 | - |
| Taxes450/3 | €2,319 | €709 | €0 | €8,668 | - |
| Other amounts payable47/48 | - | - | - | €35,000 | - |
| Accrued charges and deferred income492/3 | €300 | €8,792 | €7,292 | €7,469 | ▲ 2.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,734 | €1,572 | -€771 | €36,113 | ▲ 4,785% |
| + Depreciation and write-downs630 | €420 | €5,082 | €5,327 | €6,192 | ▲ 16.2% |
| Operating cash flow (approximation) | €29,154 | €6,654 | €4,556 | €42,305 | ▲ 829% |
| Investment in fixed assets (approximation) | - | -€1,725 | -€1,487 | -€4,151 | ▼ 179% |
| Change in cash | - | €16,828 | €4,376 | €5,788 | ▲ 32.3% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €36,113
Net result €36,113 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€771
Net result drops to -€771, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 44.88
Current ratio from 12.83 to 44.88; short-term debt falls from €2,330 to €664.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 12.83
Current ratio from 4.67 to 12.83; short-term debt falls from €3,856 to €2,330.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2022
Ground area
115 m²
Building footprint
76 m²
Volume, LiDAR
654 m³
Parcel 11313B0907/00Y003, Flanders · tallest building 12.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
D.EFFECTS
since 20222.327.676.534
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11313B0907/00Y003 | Flanders | 115 m² | 1 · 76 m² | 12.4 m · 4 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 1,059 companies in sector 59120 we hold annual accounts for 450. 360 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
59120Post-production of films, video and television programmes
59113Video and film production, excluding cinema and television films
62200Computer consultancy and computer facilities management
73110Advertising agencies
74120Graphic design and visual communication
E-invoicing
Reachable via Peppol
Peppol ID
0208:0781873943
Also
9925:BE0781873943
Registered
12-08-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.