Active BE 0449.857.888Public limited company

GESSE

Chemin du Gros Tienne 90 ·1380 Lasne, Belgium· 33 yrs active

Sector: Production of cinema films (59111)

Conclusion Checked

GESSE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €-12k. Equity is shrinking by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 1461 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€6k
Net result	€-12k
Better than sector	25%
Active	33 yrs

Financial profile 5 of 5 axes measured · computed by Checked

36 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 7

Profitability 0

Solvency 19

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1993, 33 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

7 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

15 2021

94 2022

40 2023

37 2024

7 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.98 (< 1.0) -10

Leverage Debt/equity 6.68 (> 3.0) -10

Profitability Negatieve ROE -199% -10

Interest coverage Interest coverage -37.3× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview33 NBB filings

Annual accounts filed on 22-04-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~18.6%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	13.0%	49.3%	better than 25% of 1461 sector peers
Net result	€-12k	€6k	better than 14% of 1462 sector peers
Equity	€6k	€45k	better than 23% of 1463 sector peers
Gross operating margin	€-8k	€23k	better than 9% of 1461 sector peers
Total assets	€47k	€103k	better than 26% of 1461 sector peers

EBITDA

€-8k

-81.9% 21-25

Net profit

€-12k

-58.6% 21-25

Cash flow

€-8k

-85.3% 21-25

Total assets

€47k

-20.1% 21-25

Equity

€6k

-66.6% 21-25

Working capital

€-945

- 21-25

Staff costs

€-20

- 21-25

Debt

€41k

+1.0% 21-25

Debt ≤ 1y

€41k

+0.1% 21-25

Current ratio

0.98

-22.1% 21-25

Quick ratio

0.98

-22.1% 21-25

Solvency

13.0%

-58.2% 21-25

Debt / equity

6.68

+202.4% 21-25

ROE

-199.5%

-374.9% 21-25

ROA

-26.0%

-98.4% 21-25

Interest coverage

-37.29

-68.1% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€-8k	€-5k	€201	€30k	€-3k
Net profit	€-12k	€-8k	€-2k	€29k	€-4k
Cash flow	€-8k	€-4k	€35	€30k	€-3k
Staff costs	-	-	-	-	€-20
Income taxes	-	-	-	-	-
Dividends	-	-	-	-	-
Total assets	€47k	€59k	€66k	€69k	€35k
Equity	€6k	€18k	€26k	€28k	€-1k
Debt	€41k	€40k	€40k	€41k	€36k
of which ≤ 1y	€41k	€40k	€40k	€41k	€36k
of which > 1y	-	-	-	-	-
Working capital	€-945	€10k	€18k	€27k	€-2k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.98	1.25	1.46	1.66	0.93
Quick ratio	0.98	1.25	1.46	1.66	0.93
Working capital ratio	-2.0%	17.5%	27.9%	39.6%	-7.0%
Solvency	13.0%	31.2%	39.7%	40.4%	-3.5%
Debt / equity	6.68	2.21	1.52	1.48	-29.72
Long-term debt ratio	-	-	-	-	-
Interest coverage	-37.29	-22.19	0.99	643.39	-35.52
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	-26.0%	-13.1%	-3.0%	42.1%	-11.7%
ROE	-199.5%	-42.0%	-7.7%	104.4%	335.8%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €7k · 15.8% Current assets €40k · 84.2%

Equity & liabilities

Equity €6k · 13.0% Debt €41k · 87.0%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€47k	€59k	€66k	€69k	€35k
Fixed assets	21/28	€7k	€8k	€8k	€546	€1k
Tangible fixed assets	22/27	€7k	€8k	€8k	€546	€1k
Financial fixed assets	28	€125	-	-	-	-
Current assets	29/58	€40k	€51k	€58k	€69k	€34k
Amounts receivable within one year	40/41	€15k	€11k	€11k	€22k	€3k
Cash & bank	54/58	€25k	€40k	€46k	€47k	€31k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€47k	€59k	€66k	€69k	€35k
Equity	10/15	€6k	€18k	€26k	€28k	€-1k
Contributions / capital	10/11	€125k	€125k	€125k	€125k	€125k
Reserves	13	€13k	€13k	€13k	€13k	€13k
Accumulated profits (losses)	14	€-131k	€-119k	€-112k	€-110k	€-139k
Amounts payable	17/49	€41k	€40k	€40k	€41k	€36k
Amounts payable within one year	42/48	€41k	€40k	€40k	€41k	€36k
Trade debts payable within one year	44	€3k	€2k	€1k	€2k	€20
Income statement
Gross operating margin	9900	€-8k	€-5k	€344	€30k	€-3k
Operating result	9901	€-12k	€-8k	€-2k	€29k	€-4k
Financial income	75	€293	€328	€37	-	-
Financial charges	65	€224	€207	€203	€47	€94
Result before taxes	9903	€-12k	€-8k	€-2k	€29k	€-4k
Net result for the period	9904	€-12k	€-8k	€-2k	€29k	€-4k
Result to be appropriated	9905	€-12k	€-8k	€-2k	€29k	€-4k

Directors & mandates 3 directors

Former directors (3)

Alain de BRABANDERE
Director (executive)
State Gazette act 22383393 (19-12-2022)

Former
- → 19-12-2022
Luc Adelin Paul de BRABANDERE
Director (executive)
State Gazette act 22383393 (19-12-2022)

Former
- → 19-12-2022
Rodolphe Harold Bernard André de BRABANDERE
Director (executive)
State Gazette act 22383393 (19-12-2022)

Former
- → 19-12-2022

Legal Structure

NACE primary	Production of cinema films(59111)
Legal form	Public limited company(014)
Incorporation	30-03-1993
Status	Active
Postal code	1380

Establishment units 2 locations

Chemin du Gros Tienne 90, 1380 Lasne

NACE 74131

since 19932.061.903.957

Bruit Numérique

Floridalaan 68, 1180 UkkelOther publishing activities, excluding software publishing

since 20242.359.105.623

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25076A0292/00C003	Wallonia	3,076 m²	1 · 303 m²	10.7 m · 2 fl.
21612C0164/00D010	Brussels	189 m²	1 · 66 m²	15.4 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

22-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-12k

Net result drops to €-12k, the lowest in the series.

08-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

10-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 132 days late

2023

12-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €29k

Net result €29k after one loss-making year.

19-12

State Gazette act Director changes

Jean-Pierre MARCHANT

23-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

10-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

08-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 8 days late

2018

28-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 28 days late

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 30 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2022

19-12-2022 3 resigning Director changes·Jean-Pierre MARCHANT

Alain de BRABANDERE, Directeur
Luc Adelin Paul de BRABANDERE, Directeur
Rodolphe Harold Bernard André de BRABANDERE, Directeur

Notary: Jean-Pierre MARCHANT · Uccle

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Production of cinema films59111Other publishing activities, excluding software publishing58190Motion picture, video and television programme production, sound recording and music publishing activities59112Video and film production, excluding cinema and television films59113Photography, excluding press photography74201Other photographic activities74209

Names & trade names

Legal nameFR

GESSE

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