FOCUS
ActiveSummary
FOCUS has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,319 and a net result of €17,438. Equity has been shrinking by about 3.6% per year since 2019. Its solvency ranks better than 80% of 4,339 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-12-2000 Normal situation
- Activity
- Photography, excluding press photography NACE 74201and 2 others
- Establishment unit
- 2.115.631.663 9200 Dendermonde, since 04-12-2002
- Financial year end
- 30 June
- Peppol
- Reachable since 02-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €26,525
- Turnover
- ≈ €110,000
- estimated
- Profit
- €17,438
- Equity
- €66,319
- ▼ 57.8%
- Total assets
- €83,086
- ▼ 52.7%
Score breakdownraises riskSize: total assets €83,086lowers riskLiquidity: current ratio 6.83, cash €51,644Equity €66,319 (79.8% of total assets)Sector: Other professional, scientific and technical activities (NACE 74)Show the evidence
Checked score
Fewer than 1 in 1,000 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 74, micro). It does better than 88% of them on solvency, 94% on liquidity, 72% on profitability and 12% on growth.
The bankruptcy probability was computed on 01-11-2026 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 7 accounts on average 19 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 21-01-2026 PDF all 24 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a profit of €15,834, after a loss of €13,055 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 30-06-2022 |
|---|---|
| Average over the year, in full-time equivalents | 0.1 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €5,993 | €7,225 | €20,653 | €2,166 |
| Depreciation and write-downs of the year | €4,289 | €3,248 | €4,488 | €10,021 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as FOCUS: photography, excluding press photography (NACE 74201). They are comparable in size and age: total assets between €74,200 and €107,000, founded between 1994 and 2005.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| FOCUS Dendermonde | 2000 | €83,086 | €66,319 | €26,525 | - | €17,438 | 2025 |
| G. MAX PROFESSIONAL PICTURES Antwerpen | 2002 | €79,196 | €8,302 | €29,030 | - | €6,204 | 2025 |
| KURT ANTHIERENS Oudenaarde | 2004 | €107,083 | €39,023 | €32,557 | - | -€13,473 | 2025 |
| QUIWIE PRODUCTIONS Lievegem | 1995 | €74,222 | €42,857 | €16,644 | - | €2,798 | 2025 |
| DIEVEE & SCHAMF Kontich | 2005 | €85,834 | -€161,245 | €30,720 | - | €29,800 | 2025 |
| FOTOGRAFIE Philippe Leyssens Tienen | 1994 | €82,603 | €70,111 | €27,553 | €81,600 | €25,986 | 2024 |
| 3B LEASING SERVICES Brussel | 2000 | €103,111 | €44,757 | €31,306 | - | €14,665 | 2025 |
They were chosen from the 819 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as FOCUS has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FOCUS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 31,368 companies, not a prediction for FOCUS. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €4,132 | - |
| Remuneration, social security and pensions62 | - | - | - | €5,901 | €303 | €315 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,863 | €10,548 | €5,162 | €4,289 | €3,248 | €4,488 | €10,021 | ▲ 123% |
| Other operating charges640/8 | - | - | - | €1,099 | €1,131 | €1,605 | €670 | ▼ 58.3% |
| Gross operating margin9900 | €39,692 | €39,148 | €6,361 | €28,627 | -€4,983 | -€6,648 | €26,525 | - |
| Operating profit (loss)9901 | -€2,797 | -€2,673 | -€2,237 | €17,337 | -€9,665 | -€13,055 | €15,834 | - |
| Financial income75/76B | - | - | - | €1,472 | €1,255 | €1,541 | €3,423 | ▲ 122% |
| Recurring financial income75 | €1,478 | €893 | €1,252 | €1,472 | €1,255 | €1,541 | €2,803 | ▲ 81.9% |
| Non-recurring financial income76B | - | - | - | - | - | - | €620 | - |
| Financial charges65/66B | - | - | - | €984 | €430 | €276 | €827 | ▲ 200% |
| Recurring financial charges65 | €2,679 | €2,836 | €6,534 | €984 | €430 | €276 | €827 | ▲ 200% |
| Profit (loss) for the period before taxes9903 | -€3,997 | -€4,615 | -€7,518 | €17,825 | -€8,840 | -€11,790 | €18,429 | - |
| Income taxes67/77 | €130 | €123 | €124 | €1,749 | €159 | €170 | €992 | ▲ 482% |
| Profit (loss) for the period9904 | -€4,127 | -€4,738 | -€7,642 | €16,077 | -€8,999 | -€11,960 | €17,438 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,127 | -€4,738 | -€7,642 | €16,077 | -€8,999 | -€11,960 | €17,438 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €246,161 | €240,704 | €221,062 | €186,862 | €182,642 | €175,743 | €83,086 | ▼ 52.7% |
| Fixed assets21/28 | €21,410 | €13,253 | €6,109 | €7,812 | €11,790 | €27,955 | €20,100 | ▼ 28.1% |
| Tangible fixed assets22/27 | €19,396 | €11,239 | €6,078 | €7,781 | €11,759 | €27,924 | €20,069 | ▼ 28.1% |
| Plant, machinery and equipment23 | - | - | - | €625 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €4,933 | €10,042 | €26,714 | €19,312 | ▼ 27.7% |
| Other tangible fixed assets26 | - | - | - | €2,224 | €1,717 | €1,210 | €757 | ▼ 37.4% |
| Financial fixed assets28 | €2,014 | €2,014 | €31 | €31 | €31 | €31 | €31 | = |
| Current assets29/58 | €224,751 | €227,451 | €214,954 | €179,050 | €170,852 | €147,788 | €62,986 | ▼ 57.4% |
| Stocks and contracts in progress3 | €19,227 | €19,300 | €15,220 | €14,987 | €15,111 | €7,391 | €6,892 | ▼ 6.7% |
| Stocks30/36 | - | - | - | €14,987 | €15,111 | €7,391 | €6,892 | ▼ 6.7% |
| Amounts receivable within one year40/41 | €11,085 | €1,299 | €1,573 | €7,715 | €5,004 | €10,023 | €3,618 | ▼ 63.9% |
| Trade receivables40 | - | - | - | €3,898 | €1,464 | €1,953 | €2,350 | ▲ 20.3% |
| Other amounts receivable41 | - | - | - | €3,817 | €3,540 | €8,069 | €1,268 | ▼ 84.3% |
| Current investments50/53 | €88,522 | €88,522 | €86,422 | €86,422 | €66,202 | €66,202 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €104,849 | €115,999 | €110,628 | €69,083 | €83,788 | €62,981 | €51,644 | ▼ 18.0% |
| Deferred charges and accrued income490/1 | - | - | - | €842 | €747 | €1,191 | €833 | ▼ 30.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €246,161 | €240,704 | €221,062 | €186,862 | €182,642 | €175,743 | €83,086 | ▼ 52.7% |
| Equity10/15 | €174,519 | €169,781 | €162,138 | €178,215 | €169,216 | €157,255 | €66,319 | ▼ 57.8% |
| Contributions10/11 | €114,574 | - | - | €114,574 | €114,574 | €127,271 | €18,897 | ▼ 85.2% |
| Reserves13 | €34,394 | €34,394 | €34,394 | €50,470 | €50,470 | €37,773 | €47,422 | ▲ 25.5% |
| Non-distributable reserves130/1 | - | - | - | €12,697 | €12,697 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €12,697 | €12,697 | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | - | - | - | €32,773 | €32,773 | €32,773 | €42,422 | ▲ 29.4% |
| Profit (loss) carried forward14 | €25,551 | €20,813 | €13,170 | €13,170 | €4,171 | -€7,789 | €0 | - |
| Amounts payable17/49 | €71,643 | €70,924 | €58,924 | €8,647 | €13,426 | €18,488 | €16,767 | ▼ 9.3% |
| Amounts payable after more than one year17 | - | - | - | - | - | €11,219 | €7,548 | ▼ 32.7% |
| Financial debts170/4 | - | - | - | - | - | €11,219 | €7,548 | ▼ 32.7% |
| Amounts payable within one year42/48 | €71,643 | €70,924 | €58,924 | €8,647 | €13,426 | €7,269 | €9,219 | ▲ 26.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €3,499 | €3,671 | ▲ 4.9% |
| Trade debts44 | €7,420 | €4,167 | €1,763 | €5,392 | €13,426 | €3,770 | €3,719 | ▼ 1.4% |
| Suppliers440/4 | - | - | - | €5,392 | €13,426 | €3,770 | €3,719 | ▼ 1.4% |
| Taxes, remuneration and social security45 | - | - | - | €3,255 | €0 | - | €1,830 | - |
| Taxes450/3 | - | - | - | €3,255 | €0 | - | €1,830 | - |
| Other amounts payable47/48 | - | - | - | €0 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,127 | -€4,738 | -€7,642 | €16,077 | -€8,999 | -€11,960 | €17,438 | - |
| + Depreciation and write-downs630 | €11,863 | €10,548 | €5,162 | €4,289 | €3,248 | €4,488 | €10,021 | ▲ 123% |
| Operating cash flow (approximation) | €7,736 | €5,810 | -€2,481 | €20,366 | -€5,751 | -€7,473 | €27,459 | - |
| Investment in fixed assets (approximation) | - | -€2,392 | €1,983 | -€5,993 | -€7,225 | -€20,653 | -€2,166 | ▲ 89.5% |
| Change in cash | - | €11,150 | -€5,371 | -€41,545 | €14,704 | -€20,807 | -€11,337 | ▲ 45.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 21-01-2026 | 2026-00010878 | |
| 30-06-2024 | micro format | 20-01-2025 | 2025-00006790 | |
| 30-06-2023 | micro format | 10-01-2024 | 2024-00546270 | |
| 30-06-2022 | micro format | 21-12-2022 | 2022-20542541 | |
| 30-06-2021 | micro format | 26-01-2022 | 2022-03700017 | |
| 30-06-2020 | micro format | 27-01-2021 | 2021-02000077 | |
| 30-06-2019 | micro format | 18-12-2019 | 2019-76500596 | |
| 30-06-2018 | micro format | 19-12-2018 | 2018-75100519 | |
| 30-06-2017 | micro format | 14-12-2017 | 2017-71800514 | |
| 30-06-2016 | abbreviated format | 21-12-2016 | 2016-70900517 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 21-12-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BAERT Nico |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen”
Articles of association, deed of 21-12-2023 (in Dutch)
Network & group
FOCUS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of FOCUS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-12
Gazette deed
Change of role: BAERT Nico, from manager to directorAmendment of the articles · Capital conversion · Reserve release14 points ▸
- General meeting, 30-11-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffen” (deed in Dutch)
- Other provision, “wettelijke verplichtingen artikelen 5.142 en 5.143 WVV, comparanten” (deed in Dutch)
- Asset distribution, 108373.97, “integraal op werkelijk gestort(fiscaal)eigen vermogen onder regime artikel 537 Wetboek van Inkomstenbelastingen” (deed in Dutch)
- Other provision, “toelichting uitkeringsvoorwaarden artikelen 5:142 tot en met 5:144 WVV, aandeelhouders verklaren ingelicht te zijn” (deed in Dutch)
- Declaration, “verklaringen na toelichting uitkering” (deed in Dutch)
- Asset distribution, 12400, “vrijstelling van volstorting van gelijk gedeelte op ieder aandeel” (deed in Dutch)
- Director resignation, BAERT Nico (manager)
- Director appointment, BAERT Nico (director (not named in the articles))
- Director discharge, BAERT Nico
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
11 activities
- Het maken van foto's voor bedrijven en particulieren: portretfotografie; mode- en reclamefotografie; fotografie ten behoeve van uitgeverijen,toeristische doeleinden,bemiddelaars in onroerende goederen; lucht- en onderwaterfotografie
- Het maken van foto- en videoreportages over huwelijken en dergelijke
- De verwerking van films: ontwikkelen,afdrukken en vergroten van door de cliënt gemaakte negatieven of films; inramen van dia's,kopiëren,restaureren en retoucheren van films en foto's
- Het ontwerpen en plaatsen van buitenreclame: reclameborden- en panelen,lichtkranten en neonreclame,aanbrengen van reclame op bussen,enzoverder
- Het organiseren van salons,beurzen en tentoonstellingen
- Het organiseren van salons,tentoonstellingen en vakbeurzen
- De organisatie van modeshows
- Het ontwerpen,leveren en installeren van tentoonstellingsstands
- De verhuur van decors
- De verhuur van steigers en werkplatforms
- Het uitgeven van reclamebladen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42007A1204/00Z005 | Flanders | 390 m² | 1 · 251 m² | 9.9 m · 1 |