Equity
€16,755 from €122,423 in 2021
Equity fell by 86% in 4 years.
FOLIOSCOPE
Lifetime
13 annual accounts with figures on one time axispeak €384,467 (2021)
€343,561▲ 11.9%
lowest -€121,638 (2022)
€13,832▲ 14×
peak €122,423 (2021)
€16,755▲ 473%
€111,466▼ 51.2%
peak 10 FTE (2007)
-not published
Board17 names since 2019all names
4 directorsMorgan Di Salvia and 3 others
Documentsfilings and deeds
11-06-202650 days before the deadline
2025micro format
Result from €967 to €13,8321 director appointed, 2 resignations 03-07Equity from €2,923 to €16,755Debts from €228,250 to €111,466
Key points
from the 2025 annual accountsTurnover
≈ €470,000 estimated
The accounts state no turnover.
Staff
5.8 FTE from 10 in 2007
Between 2007 and 2025, 42% of the full-time equivalents disappeared.
Filings
13 annual accounts since 2007
Five of the last ten came late. The 2016 accounts came latest: 81 days after the end of the period.
At the same address
14 companies
Public support
€653,793 paid from 2021 to 2025
Wallonia-Brussels support, mostly Commission du Cinéma - Aide aux opérateurs.
Checked score
95
Excellent
Financially stronger than 59% of micro companies in creative and performing arts (NACE 90)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025highest value
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Equity €16,755 (10.2% of total assets)
lowers risk
Legal form: non-profit association
Size: total assets €163,938
Liquidity: current ratio 1.64, cash €89,881
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 23% of them on solvency, 59% on liquidity, 55% on profitability and 98% 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, 3,818 companies had the same profile as FOLIOSCOPE has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FOLIOSCOPE itself: < 0.1% within 12 months.
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 3,818 companies, not a prediction for FOLIOSCOPE. 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
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.64 (2.03 in 2024), above the usual 1.5. Short-term debt is 59.7% and cash 54.8% of total assets. However, 89.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2486 sector peers (2025).
NBB · sector comparisonPosition among 2486 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €16,755
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 days early
2024
27 days late
2023
44 days late
2022
125 days early
2021
123 days early
2020
32 days early
2019
39 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% 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. The company usually files around 11 June (4 of the last 5 accounts filed within 77 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
5 directors reappointed
Christelle Coopman (chair), Morgan Di Salvia (treasurer), Frédéric Dirickx (secretary), Dorien Schetz and Vincent Tavier · General meeting of 22-04-2026 · Gazette deed
1 director appointed, 2 resignations
Resignations: Philippe Moins and Karin Vandenrydt (day-to-day manager) · Appointment: Nicolas Moins (day-to-day manager) · Board meeting of 25-06-2025 · Gazette deed
1 director appointed, 1 resignation, 5 reappointments
Resignation: André Joassin · Appointment: Vincent Tavier · Reappointments: Christelle Coopman (chair), Morgan Di Salvia (treasurer), Frédéric Dirickx (secretary), Philippe Moins and Dorien Schetz · General meeting of 20-03-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0434311362
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FOLIOSCOPE Brussels | - | - | 10.2% | - |
| L'L Ixelles | €184,412 | 0.3% | 8.9% | 7 |
| THOR Saint-Josse-ten-Noode | - | - | 46.2% | - |
| Tandem Molenbeek-Saint-Jean | - | - | 34.0% | - |
| BLINDMAN Mortsel | €86,913 | 7.3% | 60.0% | - |
| De Nieuwe Tijd Antwerp | - | - | 46.8% | 2.4 |
| VZW FROE FROE Antwerp | €601,375 | -8.2% | 4.6% | 6.1 |
These companies have the same main activity as FOLIOSCOPE: performing arts by artistic ensembles (NACE 90202). They are comparable in size and age: total assets between €114,000 and €201,000, founded between 1983 and 1993.
Official details
Source: KBO- Status
- Active since 05-05-1988Normal situation
- Registered office
- 16 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Performing arts by artistic ensemblesNACE 90202and 3 others
- Establishment unit
- 2.195.947.7621000 Brussels, since 01-01-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €163,938▼ 38.6%
- Employeeson 31-12-2025
- 7
- Filing
- Filed on 11-06-2026, 50 days before the end of the filing period
Insights on FOLIOSCOPE
FOLIOSCOPE files the micro format. That format states no turnover. The gross margin rose from €184,951 in 2007 to €343,561 in 2025.
In July 2025, the Official Gazette published the appointment of Nicolas Moins as managing director.
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 FOLIOSCOPE
- What is the company number of FOLIOSCOPE?
- The company number of FOLIOSCOPE is 0434.311.362. The VAT number is the same number with BE in front: BE 0434.311.362.
- Where is FOLIOSCOPE based?
- The registered office is at Keizerslaan 24, 1000 Brussels.Company details
- What does FOLIOSCOPE do?
- According to the KBO register, the main activity is performing arts by artistic ensembles (NACE 90202).
- What is the legal form of FOLIOSCOPE?
- FOLIOSCOPE is a non-profit association (VZW).
- When was FOLIOSCOPE founded?
- FOLIOSCOPE was founded on 05-05-1988.
- Is FOLIOSCOPE still active?
- Yes, FOLIOSCOPE is an active enterprise in the KBO register.
- How many employees does FOLIOSCOPE have?
- FOLIOSCOPE had an average of 5.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of FOLIOSCOPE?
- The turnover in financial year 2025 is ≈ €470,000. This figure is estimated from the gross margin of €343,561 and 30 comparable companies (NACE 90). It probably lies between €370,000 and €900,000.
- Is FOLIOSCOPE profitable?
- In financial year 2025, FOLIOSCOPE made a profit of €13,832.
- Where can I find the annual accounts of FOLIOSCOPE?
- FOLIOSCOPE filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FOLIOSCOPE due?
- FOLIOSCOPE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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