EDISONS
ActiveSummary
EDISONS has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,046 and a net result of €9,225. Equity has been growing by about 16% per year since 2022. Its solvency ranks better than 31% of 503 sector peers (NACE 59, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-03-2021 Normal situation
- Activity
- Post-production of films, video and television programmes NACE 59120and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 30-09-2025
- Establishment unit
- 2.337.886.476 9950 Lievegem, since 01-10-2022
- Financial year end
- 30 September
- Peppol
- Reachable since 22-12-2025
Board and ownership
- Vanpoucke JorenDirector
- Focquaert GianniDirector
- Verburgh RobbeDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €259,092
- ▲ 0.7%
- Turnover
- ≈ €610,000
- estimated
- Profit
- €9,225
- ▼ 9.9%
- Equity
- €88,046
- ▲ 11.7%
- Total assets
- €605,646
- ▲ 12.1%
- Employees on 30-09-2025
- 3
- ▲ 50.0%
- 2025 accounts filed 12 days after the deadline
Score breakdownraises risk1 change of registered office in 24 monthsEquity €88,046 (14.5% of total assets)lowers riskSector: Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)Figures for financial year 2025 (filed on 14-05-2026)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 27% of them on solvency, 13% on liquidity, 48% on profitability and 66% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 5 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)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 12 days after the deadline Filed on 12 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00110915.
Annual accounts 2025 filed on 12-05-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is 4% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 3 |
| full-time | 3 | 2 | 3 |
| part-time | - | 0 | 0 |
| in full-time equivalents | 3 | 2 | 3 |
| Average over the year, in full-time equivalents | 1.3 | 2.4 | 2.3 |
| On a permanent contract | 3 | 2 | 3 |
| Joined | 3 | 0 | 1 |
| Left | 0 | 1 | 0 |
| Training hours | - | 0 | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €137,795 | €185,834 | €398,214 | €67,959 |
| Intangible fixed assets | - | - | €400 | - |
| Financial fixed assets | - | - | - | €9,000 |
| Depreciation and write-downs of the year | €28,558 | €76,430 | €117,043 | €149,641 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €2,281 awarded · €2,229 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €1,741 | €1,689 |
| 2022 | 1 | €540 | €540 |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €54,929 | €104,643 | €88,548 | ▼ 15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,558 | €76,430 | €117,043 | €149,641 | ▲ 27.9% |
| Other operating charges640/8 | €328 | €1,426 | €2,230 | €2,100 | ▼ 5.8% |
| Non-recurring operating charges66A | - | - | €15,209 | - | - |
| Gross operating margin9900 | €61,410 | €162,565 | €257,227 | €259,092 | ▲ 0.7% |
| Operating profit (loss)9901 | €32,523 | €29,781 | €18,102 | €18,802 | ▲ 3.9% |
| Financial income75/76B | €281 | €481 | €7 | €892 | ▲ 135× |
| Recurring financial income75 | €281 | €481 | €7 | €892 | ▲ 135× |
| Financial charges65/66B | €1,722 | €7,225 | €7,462 | €10,469 | ▲ 40.3% |
| Recurring financial charges65 | €1,722 | €7,225 | €7,462 | €10,469 | ▲ 40.3% |
| Profit (loss) for the period before taxes9903 | €31,081 | €23,037 | €10,646 | €9,225 | ▼ 13.3% |
| Income taxes67/77 | €3,686 | €1,850 | €407 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €27,395 | €21,187 | €10,239 | €9,225 | ▼ 9.9% |
| Profit (loss) for the period to be appropriated9905 | €27,395 | €21,187 | €10,239 | €9,225 | ▼ 9.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €202,517 | €426,456 | €540,144 | €605,646 | ▲ 12.1% |
| Fixed assets21/28 | €109,237 | €218,641 | €418,173 | €335,599 | ▼ 19.7% |
| Intangible fixed assets21 | - | - | €286 | €153 | ▼ 46.6% |
| Tangible fixed assets22/27 | €109,237 | €218,641 | €412,787 | €321,346 | ▼ 22.2% |
| Plant, machinery and equipment23 | €66,093 | €131,767 | €317,407 | €249,219 | ▼ 21.5% |
| Furniture and vehicles24 | €43,143 | €45,559 | €29,462 | €13,274 | ▼ 54.9% |
| Leasing and similar rights25 | - | €41,315 | €0 | - | - |
| Other tangible fixed assets26 | - | - | €65,919 | €58,853 | ▼ 10.7% |
| Financial fixed assets28 | - | - | €5,100 | €14,100 | ▲ 176% |
| Current assets29/58 | €93,281 | €207,815 | €121,971 | €270,048 | ▲ 121% |
| Amounts receivable within one year40/41 | €26,516 | €161,887 | €89,635 | €241,493 | ▲ 169% |
| Trade receivables40 | €23,759 | €156,207 | €83,179 | €231,616 | ▲ 178% |
| Other amounts receivable41 | €2,757 | €5,679 | €6,457 | €9,877 | ▲ 53.0% |
| Cash at bank and in hand54/58 | €66,765 | €45,928 | €30,422 | €22,485 | ▼ 26.1% |
| Deferred charges and accrued income490/1 | - | - | €1,914 | €6,070 | ▲ 217% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €202,517 | €426,456 | €540,144 | €605,646 | ▲ 12.1% |
| Equity10/15 | €47,395 | €68,582 | €78,821 | €88,046 | ▲ 11.7% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €27,395 | €48,582 | €58,821 | €58,821 | = |
| Distributable reserves133 | €27,395 | €48,582 | €58,821 | €58,821 | = |
| Profit (loss) carried forward14 | - | - | - | €9,225 | - |
| Amounts payable17/49 | €155,123 | €357,874 | €461,323 | €517,601 | ▲ 12.2% |
| Amounts payable after more than one year17 | €24,260 | €74,883 | €60,773 | €118,047 | ▲ 94.2% |
| Financial debts170/4 | €24,260 | €74,883 | €60,773 | €118,047 | ▲ 94.2% |
| Amounts payable within one year42/48 | €130,600 | €281,743 | €400,550 | €399,554 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | €14,109 | €83,803 | €45,084 | €86,277 | ▲ 91.4% |
| Financial debts43 | - | - | €25,417 | €41,172 | ▲ 62.0% |
| Credit institutions430/8 | - | - | €25,417 | €41,172 | ▲ 62.0% |
| Trade debts44 | €95,265 | €149,703 | €294,610 | €196,130 | ▼ 33.4% |
| Suppliers440/4 | €95,265 | €149,703 | €294,610 | €196,130 | ▼ 33.4% |
| Advances received on contracts in progress46 | €557 | €4,557 | €0 | - | - |
| Taxes, remuneration and social security45 | €7,789 | €25,318 | €35,440 | €75,975 | ▲ 114% |
| Taxes450/3 | €4,791 | €13,029 | €12,972 | €59,127 | ▲ 356% |
| Remuneration and social security454/9 | €2,998 | €12,289 | €22,468 | €16,848 | ▼ 25.0% |
| Other amounts payable47/48 | €12,881 | €18,362 | €0 | - | - |
| Accrued charges and deferred income492/3 | €262 | €1,248 | €0 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,395 | €21,187 | €10,239 | €9,225 | ▼ 9.9% |
| + Depreciation and write-downs630 | €28,558 | €76,430 | €117,043 | €149,641 | ▲ 27.9% |
| Operating cash flow (approximation) | €55,953 | €97,617 | €127,282 | €158,866 | ▲ 24.8% |
| Investment in fixed assets (approximation) | - | -€185,834 | -€316,575 | -€67,067 | ▲ 78.8% |
| Change in cash | - | -€20,837 | -€15,506 | -€7,937 | ▲ 48.8% |
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, 3,274 companies had the same profile as EDISONS has now. Two years later, 94.7% were still going and 2.5% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EDISONS itself: 1.2% 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 3,274 companies, not a prediction for EDISONS. 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 (4)
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Vanpoucke Joren |
|
| Focquaert Gianni |
|
| Verburgh Robbe |
|
Network & group
EDISONS shares no director with another company.
Connections & network
3 current directorsThe network starts from the directors of EDISONS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
08-04
Gazette deed
Company renamed from VR-Stream to EDISONSPurpose change5 points ▸
- General meeting, 31-03-2026
- Name change, EDISONS
- Other provision, “naam moet verschillend zijn van andere Belgische of buitenlandse vennootschap zonder verwarring, waarschuwing inzake vennootschapsnaam” (deed in Dutch)
- Other provision, “kennisname en goedkeuring verslag bestuurder over omstandige verantwoording voorgestelde voorwerpwijziging, erkent kennis genomen te hebben zonder opmerkingen n…” (deed in Dutch)
- Purpose change
09-05
Gazette deed
Registered office moved from Aalter to LievegemNew seat: Spinnerij 76 bus 003, 9950 Lievegem · Previous seat: Kloosterstraat 52, 9910 Aalter3 points ▸
- General meeting, 13-01-2025
- Registered-office move, Spinnerij 76 bus 003,9950 Lievegem
- Other provision, “vermelding laatste bladzijde Luik B, naam en hoedanigheid” (deed in Dutch)
29-07
Gazette deed
Appointment: Vanpoucke Joren (director)2 points ▸
- General meeting, 04-03-2022
- Director appointment, Vanpoucke Joren (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
EDISONS was incorporated on 25 March 2021 as a private limited company.1 The registered office was moved to Lievegem in 2025.2 In 2026 the company took the name EDISONS.3 Total assets rose from €202,517 in 2022 to €605,646 in 2025 and headcount from 1.3 full-time equivalents in 2023 to 2.3 in 2025.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Kloosterstraat 52, 9910 Aalter until 14-01-2025 · act of 09-05-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Licences in the Official Gazette
1 publicationSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44072E1258/00M000 | Flanders | 3,281 m² | 1 · 491 m² | 0.7 m |