FOTOCODE
ActiveSummary
FOTOCODE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €292k and a net result of €23k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 84% of 3489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+8
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.06 against 3.35 in 2024; short-term debt: 11.4% and cash: 29.4% of total assets), and 15.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.1%
Return on assets
6.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
7 d early
2022
16 d late
2021
23 d early
2020
54 d early
2019
6 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€292k▲ 8.4%
2024 · €269k
2019: €222klowest in 7 years
2020: €224k▲ +0.8% vs 2019
2021: €281k▲ +25.3% vs 2020
2022: €258k▼ -7.9% vs 2021
2023: €268k▲ +3.8% vs 2022
2024: €269k▲ +0.3% vs 2023
2025: €292k▲ +8.4% vs 2024highest in 7 years
2019 → 2025
Total assets
€347k▲ 8.4%
2024 · €320k
2019: €445k
2020: €390k▼ -12.3% vs 2019
2021: €471k▲ +20.6% vs 2020highest in 7 years
2022: €369k▼ -21.7% vs 2021
2023: €371k▲ +0.7% vs 2022
2024: €320k▼ -13.7% vs 2023lowest in 7 years
2025: €347k▲ +8.4% vs 2024
2019 → 2025
Net result
€23k▲ 3,220%
2024 · €680
2019: €7k
2020: €2k▼ -74.6% vs 2019
2021: €59k▲ +3391% vs 2020highest in 7 years
2022: €16k▼ -73.1% vs 2021
2023: €10k▼ -37.2% vs 2022
2024: €680▼ -93.2% vs 2023lowest in 7 years
2025: €23k▲ +3220% vs 2024
2019 → 2025
Working capital
€82k▲ 51.9%
2024 · €54k
2019: €60k
2020: €45k▼ -24.5% vs 2019
2021: €153k▲ +237% vs 2020highest in 7 years
2022: €41k▼ -73.0% vs 2021lowest in 7 years
2023: €50k▲ +20.4% vs 2022
2024: €54k▲ +8.3% vs 2023
2025: €82k▲ +51.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€281k-€258k▼ 7.9%€268k▲ 3.8%€269k▲ 0.3%€292k▲ 8.4%
2021: €281k
2022: €258k▼ -7.9% vs 2021lowest in 5 years
2023: €268k▲ +3.8% vs 2022
2024: €269k▲ +0.3% vs 2023
2025: €292k▲ +8.4% vs 2024highest in 5 years
Operating result€83k-€24k▼ 70.4%€15k▼ 36.9%€4k▼ 72.5%€34k▲ 710%
2021: €83khighest in 5 years
2022: €24k▼ -70.4% vs 2021
2023: €15k▼ -36.9% vs 2022
2024: €4k▼ -72.5% vs 2023lowest in 5 years
2025: €34k▲ +710% vs 2024
Net result€59k-€16k▼ 73.1%€10k▼ 37.2%€680▼ 93.2%€23k▲ 3,220%
2021: €59khighest in 5 years
2022: €16k▼ -73.1% vs 2021
2023: €10k▼ -37.2% vs 2022
2024: €680▼ -93.2% vs 2023lowest in 5 years
2025: €23k▲ +3220% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 710% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €347k
Fixed assets
€225k ▼ 7.3%
Current assets
€121k ▲ 58.2%
Equity and liabilities €347k
Equity
€292k ▲ 8.4%
Debt
€55k ▲ 8.2%
Debt's share of the balance-sheet total stays at 15.9%.
Key figures and ratios
EBITDA
€70k▲
2024 · €41k
Cash flow
€58k▲
2024 · €38k
Current ratio
3.06▼
2024 · 3.35
Debt to equity
0.19▼
2024 · 0.19
ROE
7.7%▲
2024 · 0.3%
ROA
6.5%▲
2024 · 0.2%
Interest coverage
36.45▲
2024 · 16.98
Debt ≤ 1 year
€40k▲
2024 · €23k
Debt > 1 year
€16k▼
2024 · €28k
Income taxes
€10k▲
2024 · €1k
Staff costs
€13k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€320k€347k▲
Fixed assets21/28€243k€225k▼
Tangible fixed assets22/27€243k€225k▼
Land and buildings22€219k€195k▼
Plant, machinery and equipment23€968€11k▲
Furniture and vehicles24€23k€19k▼
Current assets29/58€77k€121k▲
Amounts receivable within one year40/41€19k€15k▼
Trade receivables40€17k€11k▼
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€54k€102k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€320k€347k▲
Equity10/15€269k€292k▲
Contributions10/11€19k€19k=
Reserves13€250k€273k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€250k€273k▲
Amounts payable17/49€51k€55k▲
Amounts payable after more than one year17€28k€16k▼
Financial debts170/4€28k€16k▼
Amounts payable within one year42/48€23k€40k▲
Current portion of amounts payable after more than one year42€13k€13k=
Trade debts44€6k€12k▲
Suppliers440/4€6k€12k▲
Taxes, remuneration and social security45€4k€11k▲
Taxes450/3€3k€8k▲
Remuneration and social security454/9€689€3k▲
Other amounts payable47/48€0€4k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€14k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€36k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€60k€88k▲
Operating profit (loss)9901€4k€34k▲
Financial income75/76B€318€277▼
Recurring financial income75€318€277▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€2k€33k▲
Income taxes67/77€1k€10k▲
Profit (loss) for the period9904€680€23k▲
Profit (loss) for the period to be appropriated9905€680€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€680€23k▲
Transfer to equity691/2€680€23k▲
To other reserves6921€680€23k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4k | €0 | - | - |
| Remuneration, social security and pensions62 | - | €6k | €11k | €14k | €13k | ▼ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €33k | €36k | €37k | €36k | ▼ 2.9% |
| Other operating charges640/8 | - | €5k | €4k | €5k | €5k | ▲ 2.4% |
| Gross operating margin9900 | €139k | €69k | €67k | €60k | €88k | ▲ 48.2% |
| Operating profit (loss)9901 | €83k | €24k | €15k | €4k | €34k | ▲ 710% |
| Financial income75/76B | - | €7 | €3k | €318 | €277 | ▼ 12.7% |
| Recurring financial income75 | €280 | €7 | €3k | €318 | €277 | ▼ 12.7% |
| Financial charges65/66B | - | €3k | €3k | €2k | €2k | ▼ 20.4% |
| Recurring financial charges65 | €4k | €3k | €3k | €2k | €2k | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | €79k | €21k | €15k | €2k | €33k | ▲ 1,428% |
| Income taxes67/77 | €20k | €5k | €5k | €1k | €10k | ▲ 599% |
| Profit (loss) for the period9904 | €59k | €16k | €10k | €680 | €23k | ▲ 3,220% |
| Profit (loss) for the period to be appropriated9905 | €59k | €16k | €10k | €680 | €23k | ▲ 3,220% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €471k | €369k | €371k | €320k | €347k | ▲ 8.4% |
| Fixed assets21/28 | €244k | €290k | €273k | €243k | €225k | ▼ 7.3% |
| Tangible fixed assets22/27 | €244k | €290k | €273k | €243k | €225k | ▼ 7.3% |
| Land and buildings22 | - | €249k | €241k | €219k | €195k | ▼ 11.1% |
| Plant, machinery and equipment23 | - | €2k | €617 | €968 | €11k | ▲ 1,069% |
| Furniture and vehicles24 | - | €39k | €31k | €23k | €19k | ▼ 16.4% |
| Current assets29/58 | €227k | €79k | €98k | €77k | €121k | ▲ 58.2% |
| Amounts receivable within one year40/41 | €116k | €39k | €56k | €19k | €15k | ▼ 22.6% |
| Trade receivables40 | - | €38k | €56k | €17k | €11k | ▼ 36.9% |
| Other amounts receivable41 | - | €783 | €0 | €2k | €4k | ▲ 105% |
| Cash at bank and in hand54/58 | €109k | €37k | €39k | €54k | €102k | ▲ 87.6% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €3k | €5k | ▲ 35.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €471k | €369k | €371k | €320k | €347k | ▲ 8.4% |
| Equity10/15 | €281k | €258k | €268k | €269k | €292k | ▲ 8.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €262k | €240k | €250k | €250k | €273k | ▲ 9.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €238k | €248k | €250k | €273k | ▲ 9.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €190k | €110k | €103k | €51k | €55k | ▲ 8.2% |
| Amounts payable after more than one year17 | €66k | €53k | €41k | €28k | €16k | ▼ 44.4% |
| Financial debts170/4 | - | €53k | €41k | €28k | €16k | ▼ 44.4% |
| Amounts payable within one year42/48 | €74k | €38k | €48k | €23k | €40k | ▲ 72.8% |
| Current portion of amounts payable after more than one year42 | - | €13k | €13k | €13k | €13k | = |
| Trade debts44 | €8k | €12k | €15k | €6k | €12k | ▲ 86.3% |
| Suppliers440/4 | - | €12k | €15k | €6k | €12k | ▲ 86.3% |
| Taxes, remuneration and social security45 | - | €9k | €17k | €4k | €11k | ▲ 185% |
| Taxes450/3 | - | €8k | €16k | €3k | €8k | ▲ 158% |
| Remuneration and social security454/9 | - | €748 | €1k | €689 | €3k | ▲ 315% |
| Other amounts payable47/48 | - | €5k | €4k | €0 | €4k | - |
| Accrued charges and deferred income492/3 | - | €19k | €14k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59k | €16k | €10k | €680 | €23k | ▲ 3,220% |
| + Depreciation and write-downs630 | €39k | €33k | €36k | €37k | €36k | ▼ 2.9% |
| Operating cash flow (approximation) | €98k | €49k | €46k | €38k | €58k | ▲ 55.4% |
| Investment in fixed assets (approximation) | - | €-79k | €-20k | €-7k | €-18k | ▼ 152% |
| Change in cash | - | €-72k | €2k | €16k | €48k | ▲ 202% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €680 ▼93.2%
Net result drops to €680, the lowest in the series; recovery starts the following year.
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2019net €59k ▲3,391%
Operating result €83k, net result €59k, both a record.
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2017
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 2 establishment units since 1999
Ground area
1,213 m²
Building footprint
830 m²
Volume, LiDAR
5,297 m³
2 parcels, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
FOTOCODE
since 19992.090.121.554
FOTOCODE
since 20152.250.835.708
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007C0791/00C005 | Flanders | 945 m² | 1 · 719 m² | 11.5 m · 2 fl. |
| 36503C1022/00H002 | Flanders | 267 m² | 1 · 110 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 14,144 companies in sector 74201 we hold annual accounts for 2,612. 2,036 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-12-1998
Fiscal year end31-03
Activities, NACEBEL 2025
74201Photography, excluding press photography
46432Wholesale trade
47742Retail sale of prescription glasses, lenses and sunglasses
73110Advertising agencies
73120Media representation
Scores and ratios are computed by Checked and are not a credit decision.