DESIGN 41109
ActiveSummary
The computed 12-month bankruptcy probability of DESIGN 41109 is 1.5% (moderate). The 2024 annual accounts show negative equity (€-15k) and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1932 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Age of the figures
Age of the figures
21 mo
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
181920222324
2018 to 2024 · latest year €-15k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
30 d late
2022
7 d early
2020
5 d early
2019
35 d early
2018
33 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-15k▼ 57.3%
2023 · €-9k
2018: €-5k
2019: €-6k▼ -6.8% vs 2018
2020: €7k▲ +220% vs 2019highest value
2022: €-3k
2023: €-9k▼ -229% vs 2022
2024: €-15k▼ -57.3% vs 2023lowest value
2018 → 2024
Total assets
€4k▲ 6.1%
2023 · €4k
2018: €9k
2019: €11k▲ +16.4% vs 2018
2020: €12k▲ +11.5% vs 2019highest value
2022: €7k
2023: €4k▼ -36.8% vs 2022lowest value
2024: €4k▲ +6.1% vs 2023
2018 → 2024
Net result
€-5k▲ 17.7%
2023 · €-7k
2018: €-1k
2019: €-349▲ +66.2% vs 2018
2020: €12k▲ +3568% vs 2019highest value
2022: €-3k
2023: €-7k▼ -87.6% vs 2022lowest value
2024: €-5k▲ +17.7% vs 2023
2018 → 2024
Working capital
€-15k▼ 47.7%
2023 · €-10k
2018: €-5k
2019: €-6k▼ -14.1% vs 2018
2020: €5k▲ +187% vs 2019highest value
2022: €-4k
2023: €-10k▼ -143% vs 2022
2024: €-15k▼ -47.7% vs 2023lowest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202220232024Trend
Equity€-6k-€7k€-3k€-9k▼ 229%€-15k▼ 57.3%
2019: €-6k
2020: €7k▲ +220% vs 2019highest value
2022: €-3k
2023: €-9k▼ -229% vs 2022
2024: €-15k▼ -57.3% vs 2023lowest value
Operating result€-210-€12k€-3k€-6k▼ 90.7%€-5k▲ 19.9%
2019: €-210
2020: €12k▲ +5927% vs 2019highest value
2022: €-3k
2023: €-6k▼ -90.7% vs 2022lowest value
2024: €-5k▲ +19.9% vs 2023
Net result€-349-€12k€-3k€-7k▼ 87.6%€-5k▲ 17.7%
2019: €-349
2020: €12k▲ +3568% vs 2019highest value
2022: €-3k
2023: €-7k▼ -87.6% vs 2022lowest value
2024: €-5k▲ +17.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2024 against €6k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4k
Fixed assets
€524 ▼ 45.6%
Current assets
€4k ▲ 21.9%
Key figures and ratios
EBITDA
€-5k▲
2023 · €-6k
Cash flow
€-5k▲
2023 · €-6k
Interest coverage
-19.33▲
2023 · -49.83
Debt
€19k▲
2023 · €14k
Debt ≤ 1 year
€19k▲
2023 · €14k
Ratios withheld: a balance sheet total of €4k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4k€4k▲
Fixed assets21/28€963€524▼
Intangible fixed assets21-€0
Tangible fixed assets22/27€963€524▼
Furniture and vehicles24€963€524▼
Current assets29/58€3k€4k▲
Amounts receivable within one year40/41€3k-
Trade receivables40€3k-
Cash at bank and in hand54/58€70€4k▲
Equity and liabilities
Total equity and liabilities10/49€4k€4k▲
Equity10/15€-9k€-15k▼
Contributions10/11€6k€6k=
Reserves13€234€234=
Non-distributable reserves130/1€234€234=
Reserves not available under the articles1311€234€234=
Profit (loss) carried forward14€-16k€-21k▼
Amounts payable17/49€14k€19k▲
Amounts payable within one year42/48€14k€19k▲
Trade debts44€876€589▼
Suppliers440/4€876€589▼
Taxes, remuneration and social security45€115€63▼
Taxes450/3€115€63▼
Other amounts payable47/48€13k€18k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€439€439=
Other operating charges640/8€384€387▲
Gross operating margin9900€-6k€-4k▲
Operating profit (loss)9901€-6k€-5k▲
Financial charges65/66B€120€243▲
Recurring financial charges65€120€243▲
Profit (loss) for the period before taxes9903€-7k€-5k▲
Profit (loss) for the period9904€-7k€-5k▲
Profit (loss) for the period to be appropriated9905€-7k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-21k▼
Profit (loss) brought forward from the previous period14P€-9k€-16k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €637 | €321 | €606 | €439 | €439 | = |
| Other operating charges640/8 | - | - | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €774 | €13k | €-2k | €-6k | €-4k | ▲ 22.9% |
| Operating profit (loss)9901 | €-210 | €12k | €-3k | €-6k | €-5k | ▲ 19.9% |
| Recurring financial income75 | €2 | - | - | - | - | - |
| Financial charges65/66B | - | - | €120 | €120 | €243 | ▲ 103% |
| Recurring financial charges65 | €141 | €151 | €120 | €120 | €243 | ▲ 103% |
| Profit (loss) for the period before taxes9903 | €-349 | €12k | €-3k | €-7k | €-5k | ▲ 17.7% |
| Profit (loss) for the period9904 | €-349 | €12k | €-3k | €-7k | €-5k | ▲ 17.7% |
| Profit (loss) for the period to be appropriated9905 | €-349 | €12k | €-3k | €-7k | €-5k | ▲ 17.7% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11k | €12k | €7k | €4k | €4k | ▲ 6.1% |
| Fixed assets21/28 | €626 | €1k | €1k | €963 | €524 | ▼ 45.6% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €626 | €1k | €1k | €963 | €524 | ▼ 45.6% |
| Furniture and vehicles24 | - | - | €1k | €963 | €524 | ▼ 45.6% |
| Current assets29/58 | €10k | €11k | €5k | €3k | €4k | ▲ 21.9% |
| Amounts receivable within one year40/41 | €2k | €6k | €2k | €3k | - | - |
| Trade receivables40 | - | - | €2k | €3k | - | - |
| Cash at bank and in hand54/58 | €8k | €5k | €3k | €70 | €4k | ▲ 5,354% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11k | €12k | €7k | €4k | €4k | ▲ 6.1% |
| Equity10/15 | €-6k | €7k | €-3k | €-9k | €-15k | ▼ 57.3% |
| Contributions10/11 | €6k | - | €6k | €6k | €6k | = |
| Reserves13 | €234 | €234 | €234 | €234 | €234 | = |
| Non-distributable reserves130/1 | - | - | €234 | €234 | €234 | = |
| Reserves not available under the articles1311 | - | - | €234 | €234 | €234 | = |
| Profit (loss) carried forward14 | €-12k | €177 | €-9k | €-16k | €-21k | ▼ 34.0% |
| Amounts payable17/49 | €16k | €5k | €9k | €14k | €19k | ▲ 41.7% |
| Amounts payable within one year42/48 | €16k | €5k | €9k | €14k | €19k | ▲ 41.7% |
| Trade debts44 | €3k | €1k | €446 | €876 | €589 | ▼ 32.7% |
| Suppliers440/4 | - | - | €446 | €876 | €589 | ▼ 32.7% |
| Taxes, remuneration and social security45 | - | - | €410 | €115 | €63 | ▼ 45.2% |
| Taxes450/3 | - | - | €410 | €115 | €63 | ▼ 45.2% |
| Other amounts payable47/48 | - | - | €9k | €13k | €18k | ▲ 47.7% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-349 | €12k | €-3k | €-7k | €-5k | ▲ 17.7% |
| + Depreciation and write-downs630 | €637 | €321 | €606 | €439 | €439 | = |
| Operating cash flow (approximation) | €287 | €12k | €-3k | €-6k | €-5k | ▲ 19.0% |
| Investment in fixed assets (approximation) | - | €-999 | - | €0 | €0 | - |
| Change in cash | - | €-3k | - | €-3k | €4k | ▲ 238% |
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
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.97
Current ratio from 0.62 to 1.97; short-term debt falls from €16k to €5k.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Elsene · 1 establishment unit since 2009
Ground area
199 m²
Building footprint
101 m²
Volume, LiDAR
1,626 m³
Parcel 21444B0008/00V004, Brussels · tallest building 19.7 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kluisstraat 8, 1050 Elsene
since 20092.177.290.308
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0008/00V004 | Brussels | 199 m² | 1 · 101 m² | 19.7 m · 5 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 797 companies in sector 59201 we hold annual accounts for 162. 101 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 (pre-2019)
Founded23-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
59201Sound recording
59111Production of cinema films
74120Graphic design and visual communication
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.