K-pture
ActiveThe file of K-pture contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.4% (very low). The 2025 annual accounts show equity of €15,046 and a net result of -€12,833. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 3510 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-71
Solvency53▼-11
Growth52=
Track record85
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.18 against 1.29 in 2024; short-term debt: 71% and cash: 24.8% of total assets), and 71.6% of the assets are financed with debt.
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Signals
Six 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.4%
Return on assets
-24.2%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
103 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
89 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 62 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€15,046▼ 46.0%
2024 · €27,879
Total assets
€53,050▼ 25.4%
2024 · €71,110
Net result
-€12,833
2024 · €1,227
Working capital
€6,858▼ 45.2%
2024 · €12,520
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,041▲ 28.0%€10,745▼ 51.2%-€19,387€1,231-€11,821
Net result€17,419within the sector's middle half▲ 11.7%€5,466within the sector's middle half▼ 68.6%-€20,278below the sector's middle half€1,227within the sector's middle half-€12,833below the sector's middle half
Equity€41,464within the sector's middle half▲ 72.4%€46,929within the sector's middle half▲ 13.2%€26,652within the sector's middle half▼ 43.2%€27,879within the sector's middle half▲ 4.6%€15,046within the sector's middle half▼ 46.0%
Total assets€65,270within the sector's middle half▲ 61.7%€105,815within the sector's middle half▲ 62.1%€69,067within the sector's middle half▼ 34.7%€71,110within the sector's middle half▲ 3.0%€53,050within the sector's middle half▼ 25.4%
Debt€23,806▲ 45.8%€58,886▲ 147%€42,415▼ 28.0%€43,231▲ 1.9%€38,005▼ 12.1%
Working capital€37,381within the sector's middle half▲ 77.9%€43,608within the sector's middle half▲ 16.7%€10,362within the sector's middle half▼ 76.2%€12,520within the sector's middle half▲ 20.8%€6,858within the sector's middle half▼ 45.2%
Solvency63.5%within the sector's middle half▲ 4.0pp44.4%within the sector's middle half▼ 19.2pp38.6%within the sector's middle half▼ 5.8pp39.2%within the sector's middle half▲ 0.6pp28.4%within the sector's middle half▼ 10.8pp
Current ratio2.57within the sector's middle half▲ 0.161.74within the sector's middle half▼ 0.831.24within the sector's middle half▼ 0.501.29within the sector's middle half▲ 0.051.18within the sector's middle half▼ 0.11
Return on assets (ROA)26.7%above the sector's middle half▼ 11.9pp5.2%within the sector's middle half▼ 21.5pp-29.4%below the sector's middle half▼ 34.5pp1.7%within the sector's middle half▲ 31.1pp-24.2%below the sector's middle half▼ 25.9pp
Staff (FTE)1=11=1=
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11,821 after €1,231 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,050
Fixed assets
€8,500 ▼ 44.8%
Current assets
€44,550 ▼ 20.0%
Equity and liabilities €53,050
Equity
€15,046 ▼ 46.0%
Debt
€38,005 ▼ 12.1%
Debt's share of the balance-sheet total rises from 60.8% to 71.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,229▼
2024 · €8,266
Cash flow
-€4,242▼
2024 · €8,262
Debt to equity
2.53▲
2024 · 1.55
ROE
-85.3%▼
2024 · 4.4%
Interest coverage
-2.73▼
2024 · 17.69
Debt ≤ 1 year
€37,692▼
2024 · €43,199
Income taxes
€282▲
2024 · €279
Staff costs
€48,325▼
2024 · €51,771
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,294 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,294 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,074 | €52 | ▼ 95.2% |
| Remuneration, social security and pensions62 | €11,910 | €31,229 | €47,023 | €51,771 | €48,325 | ▼ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,608 | €2,092 | €3,283 | €7,034 | €8,591 | ▲ 22.1% |
| Other operating charges640/8 | €640 | €1,510 | €1,926 | €1,555 | €3,131 | ▲ 101% |
| Non-recurring operating charges66A | - | - | €1,479 | - | - | - |
| Gross operating margin9900 | €37,200 | €45,576 | €34,324 | €61,591 | €48,227 | ▼ 21.7% |
| Operating profit (loss)9901 | €22,041 | €10,745 | -€19,387 | €1,231 | -€11,821 | ▼ 1,060% |
| Financial income75/76B | - | €591 | €710 | €742 | €454 | ▼ 38.8% |
| Recurring financial income75 | - | €591 | €710 | €742 | €454 | ▼ 38.8% |
| Financial charges65/66B | €1,044 | €1,291 | €1,347 | €467 | €1,185 | ▲ 154% |
| Recurring financial charges65 | €1,044 | €1,291 | €1,347 | €467 | €1,185 | ▲ 154% |
| Profit (loss) for the period before taxes9903 | €20,998 | €10,045 | -€20,024 | €1,506 | -€12,551 | ▼ 933% |
| Income taxes67/77 | €3,579 | €4,580 | €254 | €279 | €282 | ▲ 1.0% |
| Profit (loss) for the period9904 | €17,419 | €5,466 | -€20,278 | €1,227 | -€12,833 | ▼ 1,146% |
| Profit (loss) for the period to be appropriated9905 | €17,419 | €5,466 | -€20,278 | €1,227 | -€12,833 | ▼ 1,146% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65,270 | €105,815 | €69,067 | €71,110 | €53,050 | ▼ 25.4% |
| Fixed assets21/28 | €4,083 | €3,321 | €16,290 | €15,391 | €8,500 | ▼ 44.8% |
| Tangible fixed assets22/27 | €4,058 | €3,296 | €16,265 | €15,366 | €8,475 | ▼ 44.8% |
| Plant, machinery and equipment23 | €1,048 | €487 | €7,310 | €6,377 | €4,397 | ▼ 31.0% |
| Furniture and vehicles24 | €3,011 | €2,809 | €8,955 | €8,989 | €4,078 | ▼ 54.6% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €61,187 | €102,494 | €52,777 | €55,719 | €44,550 | ▼ 20.0% |
| Amounts receivable within one year40/41 | €54,936 | €74,337 | €39,373 | €34,674 | €30,373 | ▼ 12.4% |
| Trade receivables40 | €54,936 | €57,190 | €31,319 | €27,208 | €17,620 | ▼ 35.2% |
| Other amounts receivable41 | - | €17,148 | €8,054 | €7,465 | €12,753 | ▲ 70.8% |
| Cash at bank and in hand54/58 | €6,146 | €28,157 | €13,207 | €20,046 | €13,154 | ▼ 34.4% |
| Deferred charges and accrued income490/1 | €105 | - | €197 | €999 | €1,023 | ▲ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65,270 | €105,815 | €69,067 | €71,110 | €53,050 | ▼ 25.4% |
| Equity10/15 | €41,464 | €46,929 | €26,652 | €27,879 | €15,046 | ▼ 46.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €33,404 | €38,869 | €18,592 | €19,819 | €6,986 | ▼ 64.8% |
| Amounts payable17/49 | €23,806 | €58,886 | €42,415 | €43,231 | €38,005 | ▼ 12.1% |
| Amounts payable within one year42/48 | €23,806 | €58,886 | €42,415 | €43,199 | €37,692 | ▼ 12.7% |
| Trade debts44 | €2,114 | €10,997 | €13,950 | €9,335 | €12,332 | ▲ 32.1% |
| Suppliers440/4 | €2,114 | €10,997 | €13,950 | €9,335 | €12,332 | ▲ 32.1% |
| Taxes, remuneration and social security45 | €20,498 | €47,889 | €28,465 | €33,864 | €25,359 | ▼ 25.1% |
| Taxes450/3 | €18,174 | €39,964 | €16,995 | €14,714 | €12,554 | ▼ 14.7% |
| Remuneration and social security454/9 | €2,324 | €7,926 | €11,470 | €19,150 | €12,806 | ▼ 33.1% |
| Other amounts payable47/48 | €1,195 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €32 | €313 | ▲ 866% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,419 | €5,466 | -€20,278 | €1,227 | -€12,833 | ▼ 1,146% |
| + Depreciation and write-downs630 | €2,608 | €2,092 | €3,283 | €7,034 | €8,591 | ▲ 22.1% |
| Operating cash flow (approximation) | €20,027 | €7,558 | -€16,995 | €8,262 | -€4,242 | ▼ 151% |
| Investment in fixed assets (approximation) | - | -€1,330 | -€16,252 | -€6,136 | -€1,700 | ▲ 72.3% |
| Change in cash | - | €22,011 | -€14,950 | €6,839 | -€6,892 | ▼ 201% |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
11-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 103 days late
2024
31-12
Financial
Back to profitnet €1,227
Net result €1,227 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€20,278
Net result drops to -€20,278, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
19-07
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise de Liège, division Namur · event 13-07-2023
05-07
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 29-06-2023
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €17,419 ▲11.7%
Operating result €22,041, net result €17,419, both a record.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Back to profitnet €15,593
Net result €15,593 after one loss-making year.
Show earlier events
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 41 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 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, Namur · 1 establishment unit since 2013
Ground area
2,924 m²
Building footprint
182 m²
Volume, LiDAR
1,149 m³
Parcel 92135G0256/00B000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
K-pture
since 20132.223.503.581
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135G0256/00B000 | Wallonia | 2,924 m² | 1 · 182 m² | 7.7 m · 2 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 | PAUL EMMANUEL GHISLAIN Avenue de la Gare 70,
6840 NEUFCHATEAU |
29-06-2023 → 13-07-2023 |
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Of 1,102 companies in sector 74202 we hold annual accounts for 294. 129 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)
Founded29-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
74201Photography, excluding press photography
74202Other professional, scientific and technical activities
74209Other photographic activities
85510Sports and recreation education
85599Other education
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0541501015
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.