Focuscue
ActiveFrom the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of Focuscue is 1.7% (moderate). The 2025 annual accounts show negative equity (-€5,516) and a net result of -€3,458. Equity has been shrinking by about 174% per year since 2023. Its solvency ranks better than 5% of 2,479 sector peers (NACE 90, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
KBO- Status
- Active since 04-07-2023 Normal situation
- Activity
- Specialised image, lighting and sound technical services NACE 90393and 5 others
- Establishment unit
- 2.346.837.301 2040 Antwerpen, since 04-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.7%
- Gross margin
- -€2,927
- ▲ 14.1%
- Loss
- €3,458
- ▼ 6.3%
- Equity
- -€5,516
- ▼ 168%
- Total assets
- €2,012
- ▲ 14.1%
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.08, cash €5, halvedlowers riskSector: Arts creation and performing arts activities (NACE 90)Size: total assets €2,012Show the evidence
Checked score
About 2 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 90, micro). It does better than 6% of them on solvency, 2% on liquidity, 7% on profitability and 3% on growth.
The bankruptcy probability was computed on 31-10-2026 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 3 accounts on average 6 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 4 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 28-06-2026 at the NBB all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is a loss of €3,266, smaller than the loss of €3,525 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.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Arts creation and performing arts activities (NACE 90). 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 and working capital.
Comparable companies
These companies have the same main activity as Focuscue: specialised image, lighting and sound technical services (NACE 90393). They are comparable in size and age: total assets between €2,650 and €7,240, founded between 2021 and 2025.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| Focuscue Antwerpen | 2023 | €2,012 | -€5,516 | -€2,927 | -€3,458 | 2025 |
| Twentyfoursevens Gent | 2021 | €4,245 | -€4,371 | -€2,151 | -€3,459 | 2025 |
| Atelier MON Beveren-Kruibeke-Zwijndrecht | 2025 | €3,688 | -€4,157 | -€4,566 | -€4,657 | 2025 |
| Timar Creations Aalst | 2025 | €5,716 | -€13,269 | -€13,543 | -€15,769 | 2025 |
| Cobra Commando Berlare | 2021 | €7,244 | €7,002 | -€399 | -€800 | 2025 |
| GOSP La Louvière | 2025 | €5,115 | €1,057 | €723 | €557 | 2025 |
| Vachement Bleu Rixensart | 2022 | €2,646 | -€1,739 | €5,812 | €5,398 | 2025 |
They were chosen from the 961 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, 7,639 companies had the same profile as Focuscue has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Focuscue itself is lower: 1.7% within 12 months. It rests on far more data about Focuscue than the profile alone.
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 7,639 companies, not a prediction for Focuscue. 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €129 | - |
| Other operating charges640/8 | - | €118 | €210 | ▲ 78.0% |
| Gross operating margin9900 | -€3,293 | -€3,407 | -€2,927 | ▲ 14.1% |
| Operating profit (loss)9901 | -€3,293 | -€3,525 | -€3,266 | ▲ 7.4% |
| Financial income75/76B | - | €0 | - | - |
| Recurring financial income75 | - | €0 | - | - |
| Financial charges65/66B | €74 | €167 | €192 | ▲ 15.3% |
| Recurring financial charges65 | €74 | €167 | €192 | ▲ 15.3% |
| Profit (loss) for the period before taxes9903 | -€3,367 | -€3,692 | -€3,458 | ▲ 6.3% |
| Profit (loss) for the period9904 | -€3,367 | -€3,692 | -€3,458 | ▲ 6.3% |
| Profit (loss) for the period to be appropriated9905 | -€3,367 | -€3,692 | -€3,458 | ▲ 6.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €4,558 | €1,763 | €2,012 | ▲ 14.1% |
| Fixed assets21/28 | - | - | €1,440 | - |
| Tangible fixed assets22/27 | - | - | €1,440 | - |
| Furniture and vehicles24 | - | - | €1,440 | - |
| Current assets29/58 | €4,558 | €1,763 | €571 | ▼ 67.6% |
| Amounts receivable within one year40/41 | - | €280 | €529 | ▲ 89.0% |
| Other amounts receivable41 | - | €280 | €529 | ▲ 89.0% |
| Cash at bank and in hand54/58 | €4,558 | €1,321 | €5 | ▼ 99.6% |
| Deferred charges and accrued income490/1 | - | €162 | €37 | ▼ 77.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €4,558 | €1,763 | €2,012 | ▲ 14.1% |
| Equity10/15 | €1,633 | -€2,058 | -€5,516 | ▼ 168% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€3,367 | -€7,058 | -€10,516 | ▼ 49.0% |
| Amounts payable17/49 | €2,925 | €3,821 | €7,528 | ▲ 97.0% |
| Amounts payable within one year42/48 | €2,925 | €3,821 | €7,528 | ▲ 97.0% |
| Trade debts44 | €314 | €586 | €553 | ▼ 5.5% |
| Suppliers440/4 | €314 | €586 | €553 | ▼ 5.5% |
| Taxes, remuneration and social security45 | €34 | - | - | - |
| Taxes450/3 | €34 | - | - | - |
| Other amounts payable47/48 | €2,576 | €3,236 | €6,975 | ▲ 116% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,367 | -€3,692 | -€3,458 | ▲ 6.3% |
| + Depreciation and write-downs630 | - | - | €129 | - |
| Operating cash flow (approximation) | -€3,367 | -€3,692 | -€3,329 | ▲ 9.8% |
| Change in cash | - | -€3,237 | -€1,316 | ▲ 59.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- MARRECAU Frederic sole founder · 100% at incorporation
Capital transactions
- 06-07-2023 Incorporation · €5,000 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, één of meer bestuurders”“Behalve deze die wet of statuten aan algemene vergadering voorbehouden, geheel van bevoegdheden aan hem toegekend, met mogelijkheid deel te…”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Ieder aandeel geeft een gelijk recht in de winstverdeling en in het vereffeningsaldo”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, elk moment”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Indien geen andere vereffenaar benoemd, bestuurder(s) in functie krachtens statuten”
Articles of association, deed of 06-07-2023 (in Dutch)
Network & group
Focuscue shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Focuscue. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-01
Gazette deed
Registered officeRegistered-office move2 points ▸
- Board meeting, 16-12-2025
- Registered-office move, Tongerlostraat 3,2040 Berendrecht
06-07
Gazette deed
IncorporationAppointment: MARRECAU Frederic (director) · Founder · Founding capital10 points ▸
- Incorporation, 03-07-2023
- Founder, MARRECAU Frederic
- Founding capital, €5,000
- Other provision, “bevestiging deponering inbreng in speciën, bewaring van bewijs van deponering in dossier van vennootschap” (deed in Dutch)
- Capital
- Registered office clause, “2300 Turnhout,Paterstraat 100” (deed in Dutch)
- Board rule, 1
- Director appointment, MARRECAU Frederic (director (not named in the articles))
- Pre-incorporation commitments, “artikel 2:2 WVV, verbintenissen in tussenperiode onderworpen aan artikel 2:2 WVV” (deed in Dutch)
- Power of attorney, mentioned 2 times in the deed
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11819C0375/00L000 | Flanders | 501 m² | 1 · 124 m² | 7.9 m · 2 |