DIGITAL GRAPHICS ANIMATION
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 5 December 2022
- Official Gazette
- 09-12-2022 (pdf) ↗search the document for 2022/145592
Deadlines
- Appeal or third-party opposition until
- passed on 24 December 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 4 January 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 19 January 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 5 December 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Francois AncionRue Des Ecoliers 3, 4020 Liege 2f.ancion@avocat.be
- Charlotte MuschRue Des Ecoliers 3, 4020 Liege 2c.musch@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the Motion picture, video and television programme production, sound recording and music publishing activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,438▼ 55.1%
2020 · €14,346
Working capital
-€2,932▲ 98.8%
2020 · -€244,527
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€17,799-€201,027€30,681▼ 84.7%€15,732▼ 48.7%
Net result-€17,849-€199,439€14,346within the sector's middle half▼ 92.8%€6,438within the sector's middle half▼ 55.1%
Equity€57,151-€256,591▲ 349%€270,937within the sector's middle half▲ 5.6%€277,375within the sector's middle half▲ 2.4%
Total assets€86,109-€2.0m▲ 2,184%€3.3mabove the sector's middle half▲ 69.7%€4.6mabove the sector's middle half▲ 38.4%
Debt€28,958-€1.7m▲ 5,807%€3.1m▲ 79.4%€4.3m▲ 41.5%
Working capital-€20,341-€93,758-€244,527below the sector's middle half-€2,932within the sector's middle half▲ 98.8%
Solvency66.4%-13.0%▼ 53.3pp8.1%within the sector's middle half▼ 4.9pp6.0%within the sector's middle half▼ 2.1pp
Current ratio0.30-1.29▲ 0.990.75below the sector's middle half▼ 0.531.00within the sector's middle half▲ 0.24
Return on assets (ROA)-20.7%-10.1%▲ 30.9pp0.4%within the sector's middle half▼ 9.7pp0.1%within the sector's middle half▼ 0.3pp
Staff (FTE)10.7below the sector's middle half▼ 30.0%1.3below the sector's middle half▲ 85.7%
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.
Why a figure moved sharply
- 2020 Net result -93% on 2019. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2021 is 49% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4.6m
Fixed assets
€3.8m ▲ 46.4%
Current assets
€814,134 ▲ 10.1%
Equity and liabilities €4.6m
Equity
€277,375 ▲ 2.4%
Debt
€4.3m ▲ 41.5%
Debt's share of the balance-sheet total rises from 91.9% to 94.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.3m▲
2020 · €777,711
Cash flow
€1.2m▲
2020 · €761,377
Debt to equity
15.65▲
2020 · 11.32
ROE
2.3%▼
2020 · 5.3%
Interest coverage
134.61▲
2020 · 47.52
Debt ≤ 1 year
€817,066▼
2020 · €984,018
Staff costs
€44,642▲
2020 · €26,393
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €26,393 | €44,642 | ▲ 69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,203 | €387,427 | €747,030 | €1.2m | ▲ 65.4% |
| Other operating charges640/8 | - | - | €120 | €3,833 | ▲ 3,094% |
| Gross operating margin9900 | -€6,248 | €618,301 | €804,224 | €1.3m | ▲ 61.6% |
| Operating profit (loss)9901 | -€17,799 | €201,027 | €30,681 | €15,732 | ▼ 48.7% |
| Financial income75/76B | - | - | €33 | - | - |
| Recurring financial income75 | - | €14 | €33 | - | - |
| Financial charges65/66B | - | - | €16,368 | €9,294 | ▼ 43.2% |
| Recurring financial charges65 | €50 | €1,601 | €16,368 | €9,294 | ▼ 43.2% |
| Profit (loss) for the period before taxes9903 | -€17,849 | €199,439 | €14,346 | €6,438 | ▼ 55.1% |
| Profit (loss) for the period9904 | -€17,849 | €199,439 | €14,346 | €6,438 | ▼ 55.1% |
| Profit (loss) for the period to be appropriated9905 | -€17,849 | €199,439 | €14,346 | €6,438 | ▼ 55.1% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €86,109 | €2.0m | €3.3m | €4.6m | ▲ 38.4% |
| Formation expenses20 | €582 | - | - | - | - |
| Fixed assets21/28 | €76,911 | €1.5m | €2.6m | €3.8m | ▲ 46.4% |
| Intangible fixed assets21 | €37,365 | €1.5m | €2.6m | €3.8m | ▲ 46.4% |
| Tangible fixed assets22/27 | €39,546 | - | - | - | - |
| Current assets29/58 | €8,617 | €421,631 | €739,491 | €814,134 | ▲ 10.1% |
| Amounts receivable within one year40/41 | €8,515 | €396,467 | €719,646 | €799,639 | ▲ 11.1% |
| Trade receivables40 | - | - | €385,853 | €20,000 | ▼ 94.8% |
| Other amounts receivable41 | - | - | €333,793 | €779,639 | ▲ 134% |
| Cash at bank and in hand54/58 | €102 | €25,025 | €16,977 | €9,235 | ▼ 45.6% |
| Deferred charges and accrued income490/1 | - | - | €2,867 | €5,260 | ▲ 83.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €86,109 | €2.0m | €3.3m | €4.6m | ▲ 38.4% |
| Equity10/15 | €57,151 | €256,591 | €270,937 | €277,375 | ▲ 2.4% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | - | €75,000 | €75,000 | = |
| Issued capital100 | - | - | €75,000 | €75,000 | = |
| Reserves13 | - | - | €7,500 | €7,500 | = |
| Non-distributable reserves130/1 | - | - | €7,500 | €7,500 | = |
| Legal reserve130 | - | - | €7,500 | €7,500 | = |
| Profit (loss) carried forward14 | -€17,849 | €181,591 | €188,437 | €194,875 | ▲ 3.4% |
| Amounts payable17/49 | €28,958 | €1.7m | €3.1m | €4.3m | ▲ 41.5% |
| Amounts payable within one year42/48 | €28,958 | €327,873 | €984,018 | €817,066 | ▼ 17.0% |
| Financial debts43 | - | - | €119,527 | €44,728 | ▼ 62.6% |
| Credit institutions430/8 | - | - | €119,527 | €44,728 | ▼ 62.6% |
| Trade debts44 | €6,572 | €58,429 | €789,057 | €255,343 | ▼ 67.6% |
| Suppliers440/4 | - | - | €789,057 | €255,343 | ▼ 67.6% |
| Taxes, remuneration and social security45 | - | - | €4,817 | €13,169 | ▲ 173% |
| Remuneration and social security454/9 | - | - | €4,817 | €13,169 | ▲ 173% |
| Other amounts payable47/48 | - | - | €70,618 | €503,826 | ▲ 613% |
| Accrued charges and deferred income492/3 | - | - | €2.1m | €3.5m | ▲ 69.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,849 | €199,439 | €14,346 | €6,438 | ▼ 55.1% |
| + Depreciation and write-downs630 | €11,203 | €387,427 | €747,030 | €1.2m | ▲ 65.4% |
| Operating cash flow (approximation) | -€6,645 | €586,866 | €761,377 | €1.2m | ▲ 63.1% |
| Investment in fixed assets (approximation) | - | -€1.9m | -€1.8m | -€2.4m | ▼ 35.6% |
| Change in cash | - | €24,923 | -€8,048 | -€7,741 | ▲ 3.8% |
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
2022
09-12
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 05-12-2022
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 94 days late
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 459 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €199,439
Net result €199,439 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.29
Current ratio from 0.30 to 1.29.
31-12
Financial
Equity above €200,000Eq €256,591 ▲349%
Equity rises from €57,151 to €256,591.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
SignalFinancial 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ans · 1 establishment unit since 2018
Ground area
931 m²
Building footprint
259 m²
Parcel 62001B0988/00P000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de l'Abbaye 47, 4432 Ans
since 20182.276.829.629
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001B0988/00P000 ProtectedSite or landscape |
Wallonia | 931 m² | 1 · 259 m² | - |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS ANCION Rue Des Ecoliers 3, 4020 Liege 2 |
05-12-2022 → present |
| Curator | CHARLOTTE MUSCH Rue Des Ecoliers 3, 4020 Liege 2 |
05-12-2022 → present |
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts FINACAP 202150%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
European Union, budget
2022 · 1 entry · 144,724 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2022 | 1 | 144,724 EUR |
Projects
BHC - BILLY LE HAMSTER COWBOY
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Company details
Identification
Legal formPublic limited company
Founded04-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
59140Motion picture, video and television programme production, sound recording and music publishing activities
59120Post-production of films, video and television programmes
59130Motion picture, video and television programme production, sound recording and music publishing activities
73110Advertising agencies
74201Photography, excluding press photography
90391Promotion and organisation of arts and performing arts events
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.