Losses
-€1,722 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
FENAKISTO
Lifetime
2 annual accounts with figures on one time axispeak -€565 (2025)
-€565▲ €428
lowest -€1,004 (2024)
-€718▲ €286
peak €1,496 (2024)
€778▼ 48.0%
€650
Board2 names since 2024
2 directorsSCHMIDT Maarten and 1 other
Documentsfilings and deeds
05-06-202656 days before the deadline
2025micro format
Gross margin from -€993 to -€565Loss of €718Equity from €1,496 to €778Cash from €1,391 to €521
Key points
from the 2025 annual accountsStarting capital
€2,500 2,500 shares
Position in the sector
€778
Less equity than 82% of companies in film, video and music. Sector median €41,815 · 1,873 companies.
Turnover not published (micro format)
Checked score
55
Fair
Financially stronger than 37% of micro companies in film, video and music (NACE 59)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,576 companies (NACE 59, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 0.2%lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%▼ -0.1 percentage points vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Founded in 2024
lowers risk
Sector: Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
Liquidity: current ratio 2.20, cash €521, halved
Size: total assets €1,428
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 59% of them on solvency, 67% on liquidity, 8% on profitability and 15% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 3,223 companies had the same profile as FENAKISTO has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FENAKISTO itself is lower: 0.3% within 12 months. It rests on far more data about FENAKISTO than the profile alone.
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 3,223 companies, not a prediction for FENAKISTO. 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
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
The balance sheet total is too small for a liquidity verdict.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 05-06-2026, 56 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
56 days early
2024
55 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 56 days before 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.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VAN DEN BERGHE Gust Karel Jakob founderdeed of 09-09-2024
- SCHMIDT Maarten founderdeed of 09-09-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1013218448
Incorporation
Founding capital of €2,500, 2,500 shares · Founders: VAN DEN BERGHE Gust Karel Jakob and SCHMIDT Maarten · Appointments: VAN DEN BERGHE Gust Karel Jakob (director) and SCHMIDT Maarten (director) · published on 09-09-2024 · Gazette deed
First establishment
Limbourglaan 45, Anderlecht
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FENAKISTO Anderlecht | €1,428 | -€565 | 54.5% | - |
| FORERUNNER FILMS Forest | €2,203 | -€408 | -25.4% | - |
| ROMCO FILMS Schaerbeek | €3,017 | -€1,714 | -475.7% | - |
| DALIS productions Manage | €2,041 | -€3,338 | -1452.1% | - |
| JAK Studio Braine-l'Alleud | €2,277 | -€88 | -119.6% | - |
| LYNX FILMS La Louvière | €5,007 | €390 | 78.3% | - |
| SEE IT FIRST Brussels | €5,855 | €2,228 | 55.5% | - |
These companies have the same main activity as FENAKISTO: production of cinema films (NACE 59111). They are comparable in size and age: total assets between €2,040 and €5,860, founded between 2020 and 2025.
Official details
Source: KBO- Status
- Active since 05-09-2024Normal situation
- Activity
- Production of cinema filmsNACE 59111and 1 other
- Establishment unit
- 2.364.197.6281070 Anderlecht, since 05-09-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 26-08-2026
Annual accounts 2025
- €1,428▼ 4.6%
- Filing
- Filed on 05-06-2026, 56 days before the end of the filing period
Insights on FENAKISTO
The annual accounts of FENAKISTO for financial year 2025 show a net loss of 50% of total assets. The 2025 annual accounts show equity of €778 and a net result of -€718.
Its solvency ranks better than 56% of 1,871 sector peers (NACE 59, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
The computed 12-month bankruptcy probability is 0.3% (very low).
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 FENAKISTO
- What is the company number of FENAKISTO?
- The company number of FENAKISTO is 1013.218.448. The VAT number is the same number with BE in front: BE 1013.218.448.
- Where is FENAKISTO based?
- The registered office is at Limbourglaan 45, 1070 Anderlecht.Company details
- What does FENAKISTO do?
- According to the KBO register, the main activity is production of cinema films (NACE 59111).
- What is the legal form of FENAKISTO?
- FENAKISTO is a private limited company (BV).
- When was FENAKISTO founded?
- FENAKISTO was founded on 05-09-2024.
- Is FENAKISTO still active?
- Yes, FENAKISTO is an active enterprise in the KBO register.
- What is the turnover of FENAKISTO?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is FENAKISTO profitable?
- In financial year 2025, FENAKISTO made a loss of €718.
- Where can I find the annual accounts of FENAKISTO?
- FENAKISTO filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FENAKISTO due?
- FENAKISTO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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