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KWEB

Active
Private limited company (pre-2019)founded 2016active for 10 yearsQuai du Roi-Albert 94, 4020 Liège, BelgiumKBO/BCE: BE 0658.932.480
Summary

KWEB has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123,830 and a net result of -€51,991. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 67% of 1,859 sector peers (NACE 59, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (75 days) Filed on 14 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00560340.

Equity
€123,830▼ 29.6%
2024 · €175,822
Total assets
€187,768▼ 39.0%
2024 · €307,963
Net result
-€51,991
2024 · €21,451
Working capital
€73,570▼ 42.5%
2024 · €127,895
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result turns negative in 2025: a loss of €49,232 after €35,768 in 2024, the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€49,232 2025 Net result-€51,991 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€33,172--€34,985€57,618€33,599▼ 41.7%€75,400▲ 124%€12,228▼ 83.8%€35,768▲ 193%-€49,232
Net result€22,230--€35,866€50,528above the sector's middle half€23,292within the sector's middle half▼ 53.9%€52,722above the sector's middle half▲ 126%€6,605within the sector's middle half▼ 87.5%€21,451within the sector's middle half▲ 225%-€51,991below the sector's middle half
Equity€57,090-€21,224▼ 62.8%€71,752within the sector's middle half▲ 238%€95,043within the sector's middle half▲ 32.5%€147,766above the sector's middle half▲ 55.5%€154,371above the sector's middle half▲ 4.5%€175,822above the sector's middle half▲ 13.9%€123,830above the sector's middle half▼ 29.6%
Total assets€89,804-€87,796▼ 2.2%€168,213within the sector's middle half▲ 91.6%€200,091within the sector's middle half▲ 19.0%€238,350within the sector's middle half▲ 19.1%€233,136within the sector's middle half▼ 2.2%€307,963above the sector's middle half▲ 32.1%€187,768within the sector's middle half▼ 39.0%
Debt€32,714-€66,573▲ 103%€96,461▲ 44.9%€105,047▲ 8.9%€90,585▼ 13.8%€78,765▼ 13.0%€132,141▲ 67.8%€63,938▼ 51.6%
Working capital€32,880-€447▼ 98.6%€40,765within the sector's middle half▲ 91×€47,037within the sector's middle half▲ 15.4%€112,170above the sector's middle half▲ 138%€115,810above the sector's middle half▲ 3.2%€127,895above the sector's middle half▲ 10.4%€73,570within the sector's middle half▼ 42.5%
Solvency63.6%-24.2%▼ 39.4pp42.7%within the sector's middle half▲ 18.5pp47.5%within the sector's middle half▲ 4.8pp62.0%within the sector's middle half▲ 14.5pp66.2%within the sector's middle half▲ 4.2pp57.1%within the sector's middle half▼ 9.1pp65.9%within the sector's middle half▲ 8.9pp
Current ratio2.01-1.01▼ 1.001.42within the sector's middle half▲ 0.421.45within the sector's middle half▲ 0.032.35within the sector's middle half▲ 0.902.47within the sector's middle half▲ 0.121.97within the sector's middle half▼ 0.502.15within the sector's middle half▲ 0.18
Return on assets (ROA)24.8%--40.9%▼ 65.6pp30.0%above the sector's middle half▲ 70.9pp11.6%within the sector's middle half▼ 18.4pp22.1%above the sector's middle half▲ 10.5pp2.8%within the sector's middle half▼ 19.3pp7.0%within the sector's middle half▲ 4.1pp-27.7%below the sector's middle half▼ 34.7pp
above within below the middle half of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187,768
Fixed assets €50,260 ▲ 4.9%
Current assets €137,508 ▼ 47.1%
Equity and liabilities €187,768
Equity €123,830 ▼ 29.6%
Debt €63,938 ▼ 51.6%
Debt's share of the balance-sheet total falls from 42.9% to 34.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€31,855▼
2024 · €58,633
Cash flow
-€34,614▼
2024 · €44,316
Quick ratio
2.01▲
2024 · 1.85
Debt to equity
0.52▼
2024 · 0.75
ROE
-42.0%▼
2024 · 12.2%
Interest coverage
-12.96▼
2024 · 13.18
Debt ≤ 1 year
€63,938▼
2024 · €132,141
Income taxes
€302▼
2024 · €9,867
Staff costs
€960▼
2024 · €4,840
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88.1% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.0% went bankrupt
9.8% stopped otherwise
88.1% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,805 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€307,963€187,768▼
Fixed assets21/28€47,926€50,260▲
Intangible fixed assets21€16,645€8,312▼
Tangible fixed assets22/27€31,281€41,948▲
Land and buildings22€14,219€13,609▼
Plant, machinery and equipment23€107€41▼
Furniture and vehicles24€14,795€26,423▲
Other tangible fixed assets26€2,161€1,875▼
Current assets29/58€260,037€137,508▼
Stocks and contracts in progress3€15,000€9,146▼
Stocks30/36€15,000€9,146▼
Contracts in progress37€0-
Amounts receivable within one year40/41€197,422€39,193▼
Trade receivables40€176,329€29,193▼
Other amounts receivable41€21,093€10,000▼
Cash at bank and in hand54/58€47,078€88,916▲
Deferred charges and accrued income490/1€536€253▼
Equity and liabilities
Total equity and liabilities10/49€307,963€187,768▼
Equity10/15€175,822€123,830▼
Contributions10/11€12,400€12,400=
Reserves13€153,422€153,422=
Non-distributable reserves130/1€1,240€1,240=
Reserves not available under the articles1311€1,240€1,240=
Distributable reserves133€152,182€152,182=
Profit (loss) carried forward14€10,000-€41,991▼
Amounts payable17/49€132,141€63,938▼
Amounts payable within one year42/48€132,141€63,938▼
Trade debts44€27,865€18,332▼
Suppliers440/4€27,865€18,332▼
Advances received on contracts in progress46€832€1,180▲
Taxes, remuneration and social security45€27,703€11,967▼
Taxes450/3€27,703€11,967▼
Other amounts payable47/48€75,741€32,459▼
Income statement Code20242025
Remuneration, social security and pensions62€4,840€960▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,866€17,377▼
Other operating charges640/8€1,599€1,021▼
Gross operating margin9900€65,072-€29,874▼
Operating profit (loss)9901€35,768-€49,232▼
Financial charges65/66B€4,450€2,457▼
Recurring financial charges65€4,450€2,457▼
Profit (loss) for the period before taxes9903€31,318-€51,690▼
Income taxes67/77€9,867€302▼
Profit (loss) for the period9904€21,451-€51,991▼
Profit (loss) for the period to be appropriated9905€21,451-€51,991▼
Appropriation of the result
Profit (loss) to be appropriated9906€31,451-€41,991▼
Profit (loss) brought forward from the previous period14P€10,000€10,000=
Transfer to equity691/2€21,451€0▼
To other reserves6921€21,451€0▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€190€90€3,668€4,840€960▼ 80.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,509€4,393€3,385€8,258€10,685€13,046€22,866€17,377▼ 24.0%
Other operating charges640/8---€1,477€1,147€2,041€1,599€1,021▼ 36.2%
Gross operating margin9900€44,065-€28,614€62,634€43,523€87,322€30,983€65,072-€29,874-
Operating profit (loss)9901€33,172-€34,985€57,618€33,599€75,400€12,228€35,768-€49,232-
Financial income75/76B---€0€5€0---
Recurring financial income75€0€36€27€0€5€0---
Financial charges65/66B---€510€1,305€1,679€4,450€2,457▼ 44.8%
Recurring financial charges65€1,149€716€658€510€1,305€1,679€4,450€2,457▼ 44.8%
Profit (loss) for the period before taxes9903€32,023-€35,666€56,987€33,089€74,099€10,549€31,318-€51,690-
Income taxes67/77€9,793€201€6,459€9,797€21,377€3,944€9,867€302▼ 96.9%
Profit (loss) for the period9904€22,230-€35,866€50,528€23,292€52,722€6,605€21,451-€51,991-
Profit (loss) for the period to be appropriated9905€22,230-€35,866€50,528€23,292€52,722€6,605€21,451-€51,991-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€89,804€87,796€168,213€200,091€238,350€233,136€307,963€187,768▼ 39.0%
Fixed assets21/28€24,210€20,813€31,023€48,075€43,178€38,561€47,926€50,260▲ 4.9%
Intangible fixed assets21---€19,690€13,024€6,358€16,645€8,312▼ 50.1%
Tangible fixed assets22/27€24,210€20,813€31,023€28,386€30,154€32,203€31,281€41,948▲ 34.1%
Land and buildings22---€16,050€15,440€14,829€14,219€13,609▼ 4.3%
Plant, machinery and equipment23---€500€336€172€107€41▼ 61.5%
Furniture and vehicles24---€11,837€11,645€14,754€14,795€26,423▲ 78.6%
Other tangible fixed assets26----€2,734€2,448€2,161€1,875▼ 13.3%
Current assets29/58€65,594€66,983€137,189€152,015€195,172€194,575€260,037€137,508▼ 47.1%
Stocks and contracts in progress3----€40,000€40,000€15,000€9,146▼ 39.0%
Stocks30/36----€0-€15,000€9,146▼ 39.0%
Contracts in progress37----€40,000€40,000€0--
Amounts receivable within one year40/41€47,175€12,404€83,797€58,830€107,873€142,352€197,422€39,193▼ 80.1%
Trade receivables40---€43,608€92,668€121,295€176,329€29,193▼ 83.4%
Other amounts receivable41---€15,222€15,204€21,056€21,093€10,000▼ 52.6%
Cash at bank and in hand54/58€15,130€51,083€46,245€72,993€36,320€7,663€47,078€88,916▲ 88.9%
Deferred charges and accrued income490/1---€20,192€10,979€4,560€536€253▼ 52.8%
Equity and liabilities
Total equity and liabilities10/49€89,804€87,796€168,213€200,091€238,350€233,136€307,963€187,768▼ 39.0%
Equity10/15€57,090€21,224€71,752€95,043€147,766€154,371€175,822€123,830▼ 29.6%
Contributions10/11€12,400€12,400-€12,400€12,400€12,400€12,400€12,400=
Reserves13€33,470€33,470€49,352€72,643€125,366€131,971€153,422€153,422=
Non-distributable reserves130/1---€1,240€1,240€1,240€1,240€1,240=
Reserves not available under the articles1311---€1,240€1,240€1,240€1,240€1,240=
Distributable reserves133---€71,403€124,126€130,731€152,182€152,182=
Profit (loss) carried forward14€11,221-€24,646€10,000€10,000€10,000€10,000€10,000-€41,991-
Amounts payable17/49€32,714€66,573€96,461€105,047€90,585€78,765€132,141€63,938▼ 51.6%
Amounts payable within one year42/48€32,714€66,536€96,424€104,979€83,002€78,765€132,141€63,938▼ 51.6%
Trade debts44€5,684€2,064€1,884€31,038€43,514€25,970€27,865€18,332▼ 34.2%
Suppliers440/4---€31,038€43,514€25,970€27,865€18,332▼ 34.2%
Advances received on contracts in progress46------€832€1,180▲ 41.7%
Taxes, remuneration and social security45---€17,536€20,357€10,897€27,703€11,967▼ 56.8%
Taxes450/3---€17,536€20,357€10,897€27,703€11,967▼ 56.8%
Remuneration and social security454/9---€0€0----
Other amounts payable47/48---€56,405€19,131€41,898€75,741€32,459▼ 57.1%
Accrued charges and deferred income492/3---€69€7,583€0---
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€22,230-€35,866€50,528€23,292€52,722€6,605€21,451-€51,991-
+ Depreciation and write-downs630€5,509€4,393€3,385€8,258€10,685€13,046€22,866€17,377▼ 24.0%
Operating cash flow (approximation)€27,739-€31,473€53,913€31,550€63,407€19,652€44,316-€34,614-
Investment in fixed assets (approximation)--€996-€13,596-€25,310-€5,788-€8,429-€32,231-€19,711▲ 38.8%
Change in cash-€35,953-€4,838€26,748-€36,673-€28,657€39,415€41,838▲ 6.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (9)
Financial year Type Filed Reference
31-12-2025 micro format 14-10-2026 2026-00560340
31-12-2024 micro format 23-09-2025 2025-00498868
31-12-2023 micro format 07-10-2024 2024-00495551
31-12-2022 micro format 22-09-2023 2023-00451042
31-12-2021 micro format 27-09-2022 2022-20436451
31-12-2020 micro format 28-10-2021 2021-74900485
31-12-2019 micro format 18-11-2020 2020-70900157
31-12-2018 micro format 30-09-2019 2019-67800053
31-12-2017 micro format 28-08-2018 2018-52500350

Similar companies · same sector, comparable size

Of the 1,307 active companies whose main activity is production of cinema films (NACE 59111), figures are known for 716. 512 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.