HD STUDIO
Open bankruptcyA bankruptcy procedure is open for HD STUDIO according to publications in the Belgian State Gazette; curator: NAIMA BOUSLAMA.
Summary
The 2018 annual accounts show equity of €19,748 and a net result of -€12,207.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Bruges division
- Declared bankrupt
- 6 August 2019
- Supervising judge
- Hendrik Theys
- Official Gazette
- 19-08-2019 (pdf) ↗search the document for 2019/142847
Deadlines
- Provisional date payments stopped
- 6 August 2019A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 3 September 2019Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 5 September 2019art. XX.104 and XX.155 CEL
- First verification report
- passed on 16 September 2019Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 6 August 2020Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Naima BouslamaBaron Ruzettelaan 244/A.0.1, 8310 Bruggeinfo@brugeslaw.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2018 was due by 31-10-2018 and was filed on 27-09-2018, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Motion picture, video and television programme production, sound recording and music publishing activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2018, micro schema
Turnover
€127,406▲ 14.1%
2017 · €111,620
EBIT margin
-3.8%▼ 2.4pp
2017 · -1.4%
Net result
-€12,207▼ 178%
2017 · -€4,398
Working capital
€24,750
2017 · -€28,281
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20142015201620172018
Turnover€111,620€127,406▲ 14.1%
Operating result€7,563--€1,755€17,698-€1,519-€4,796▼ 216%
Net result€1,104--€5,176€15,556-€4,398-€12,207▼ 178%
EBIT margin-1.4%-3.8%▼ 2.4pp
Equity€25,974-€20,798▼ 19.9%€36,354▲ 74.8%€31,956▼ 12.1%€19,748▼ 38.2%
Total assets€274,776-€225,655▼ 17.9%€187,890▼ 16.7%€115,146▼ 38.7%€185,143▲ 60.8%
Debt€248,802-€204,857▼ 17.7%€151,537▼ 26.0%€83,191▼ 45.1%€165,394▲ 98.8%
Working capital-€33,364--€31,494▲ 5.6%-€35,455▼ 12.6%-€28,281▲ 20.2%€24,750
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,796 in 2018 against €1,519 in 2017; the loss grows and 2018 has the lowest result in the available series.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €185,143
Fixed assets
€120,763 ▲ 42.9%
Current assets
€64,380 ▲ 110%
Equity and liabilities €185,143
Equity
€19,748 ▼ 38.2%
Debt
€165,394 ▲ 98.8%
Debt's share of the balance-sheet total rises from 72.2% to 89.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€44,459▲
2017 · €35,153
Cash flow
€37,048▲
2017 · €32,274
Current ratio
1.62▲
2017 · 0.52
Quick ratio
0.56▲
2017 · 0.10
Debt to equity
6.37▲
2017 · 0.76
ROE
-61.8%▼
2017 · -13.8%
ROA
-6.6%▼
2017 · -3.8%
Debt ≤ 1 year
€39,630▼
2017 · €58,894
Debt > 1 year
€125,764▲
2017 · €24,297
Income taxes
€966
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €111,620 | €127,406 | ▲ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,758 | €31,072 | €31,072 | €36,672 | €49,255 | ▲ 34.3% |
| Gross operating margin9900 | €46,767 | €29,792 | €48,770 | €35,153 | €44,459 | ▲ 26.5% |
| Operating profit (loss)9901 | €7,563 | -€1,755 | €17,698 | -€1,519 | -€4,796 | ▼ 216% |
| Recurring financial income75 | €32 | €90 | €0 | - | - | - |
| Recurring financial charges65 | €5,963 | €4,374 | €1,960 | €2,879 | €6,444 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | €1,633 | -€4,903 | €15,739 | -€4,398 | -€11,240 | ▼ 156% |
| Income taxes67/77 | €529 | €273 | €183 | - | €966 | - |
| Profit (loss) for the period9904 | €1,104 | -€5,176 | €15,556 | -€4,398 | -€12,207 | ▼ 178% |
| Profit (loss) for the period to be appropriated9905 | €1,104 | -€5,176 | €15,556 | -€4,398 | -€12,207 | ▼ 178% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274,776 | €225,655 | €187,890 | €115,146 | €185,143 | ▲ 60.8% |
| Fixed assets21/28 | €86,520 | €108,158 | €107,086 | €84,533 | €120,763 | ▲ 42.9% |
| Tangible fixed assets22/27 | €77,220 | €98,858 | €97,786 | €75,233 | €111,463 | ▲ 48.2% |
| Financial fixed assets28 | €9,300 | €9,300 | €9,300 | €9,300 | €9,300 | = |
| Current assets29/58 | €188,256 | €117,497 | €80,804 | €30,613 | €64,380 | ▲ 110% |
| Stocks and contracts in progress3 | €74,262 | €75,000 | €75,000 | €25,000 | €42,005 | ▲ 68.0% |
| Amounts receivable within one year40/41 | €109,209 | €26,583 | €523 | €1,513 | €11,123 | ▲ 635% |
| Cash at bank and in hand54/58 | €4,785 | €9,181 | €3,281 | €2,100 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274,776 | €225,655 | €187,890 | €115,146 | €185,143 | ▲ 60.8% |
| Equity10/15 | €25,974 | €20,798 | €36,354 | €31,956 | €19,748 | ▼ 38.2% |
| Contributions10/11 | €37,100 | €37,100 | €37,100 | €37,100 | €37,100 | = |
| Reserves13 | - | - | €2,333 | €2,333 | €2,333 | = |
| Profit (loss) carried forward14 | -€11,126 | -€16,302 | -€3,080 | -€7,478 | -€19,685 | ▼ 163% |
| Amounts payable17/49 | €248,802 | €204,857 | €151,537 | €83,191 | €165,394 | ▲ 98.8% |
| Amounts payable after more than one year17 | €27,182 | €55,865 | €35,278 | €24,297 | €125,764 | ▲ 418% |
| Amounts payable within one year42/48 | €221,620 | €148,991 | €116,259 | €58,894 | €39,630 | ▼ 32.7% |
| Trade debts44 | €34,803 | €42,687 | €2,441 | €1,262 | - | - |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,104 | -€5,176 | €15,556 | -€4,398 | -€12,207 | ▼ 178% |
| + Depreciation and write-downs630 | €38,758 | €31,072 | €31,072 | €36,672 | €49,255 | ▲ 34.3% |
| Operating cash flow (approximation) | €39,862 | €25,896 | €46,627 | €32,274 | €37,048 | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | -€52,710 | -€30,000 | -€14,119 | -€85,484 | ▼ 505% |
| Change in cash | - | €4,397 | -€5,900 | -€1,181 | -€2,100 | ▼ 77.9% |
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
2019
19-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 06-08-2019
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
31-03
Financial
Weakest financial yearnet -€12,207
Net result drops to -€12,207, the lowest in the series.
31-03
Financial
Liquidity triplescurrent ratio 1.62
Current ratio from 0.52 to 1.62; short-term debt falls from €58,894 to €39,630.
2017
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 13 days late
2016
01-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
31-03
Financial
Back to profitnet €15,556
Net result €15,556 after one loss-making year.
2015
12-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
31-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
07-01
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 68 days late
2011
05-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2010
03-12
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 33 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 100 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Brugge · 1 establishment unit since 2006
Ground area
143 m²
Building footprint
104 m²
Volume, LiDAR
759 m³
Parcel 31807I0320/00C002, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BLUE FEET IMAGES
since 20062.152.958.550
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0320/00C002 | Flanders | 143 m² | 1 · 104 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NAIMA BOUSLAMA BARON RUZETTELAAN 244/A.0.1,
8310 BRUGGE |
06-08-2019 → present |
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Of 312 companies in sector 59130 we hold annual accounts for 124. 77 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 (pre-2019)
Founded15-03-2006
Fiscal year end31-03
Activities, NACEBEL 2025
59130Motion picture, video and television programme production, sound recording and music publishing activities
18200Printing and reproduction of recorded media
74201Photography, excluding press photography
85592Vocational training
Contact
E-mail
info@hdstudio.beBrugge
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.