LoVID
ActiveSummary
LoVID has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €75,695 and a net result of €1,472. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 61% of 4343 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability52▼-36
Solvency87▲+10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.71 against 2.3 in 2023; short-term debt: 33.4% and cash: 12.4% of total assets), and 38.4% of the assets are financed with debt.
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Signals
Four 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
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 2024Solvency, return and age of the figures
Solvency
61.6%
Return on assets
1.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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
not confirmed
2024
55 d late
2023
14 d early
2022
4 d early
2021
78 d late
2020
25 d early
2019
102 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€75,695▲ 0.8%
2023 · €75,081
Total assets
€122,835▼ 14.8%
2023 · €144,150
Net result
€1,472▼ 93.4%
2023 · €22,304
Working capital
€69,946▼ 10.2%
2023 · €77,929
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
Line20202021202220232024
Operating result€12,497▲ 53.4%€21,734▲ 73.9%€13,300▼ 38.8%€32,456▲ 144%€6,890▼ 78.8%
Net result€9,174€16,242▲ 77.0%€8,438▼ 48.0%€22,304▲ 164%€1,472▼ 93.4%
Equity€47,730▲ 23.8%€63,972▲ 34.0%€68,111▲ 6.5%€75,081▲ 10.2%€75,695▲ 0.8%
Total assets€105,004▲ 21.8%€132,603▲ 26.3%€108,393▼ 18.3%€144,150▲ 33.0%€122,835▼ 14.8%
Debt€57,273▲ 20.2%€68,630▲ 19.8%€40,283▼ 41.3%€69,068▲ 71.5%€47,140▼ 31.7%
Working capital€44,799▲ 145%€68,151▲ 52.1%€69,223▲ 1.6%€77,929▲ 12.6%€69,946▼ 10.2%
Staff (FTE)0.30.2▼ 33.3%0.1▼ 50.0%0.1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 79% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122,835
Fixed assets
€11,886 ▲ 85.1%
Current assets
€110,948 ▼ 19.4%
Equity and liabilities €122,835
Equity
€75,695 ▲ 0.8%
Debt
€47,140 ▼ 31.7%
Debt's share of the balance-sheet total falls from 47.9% to 38.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10,066▼
2023 · €36,155
Cash flow
€4,649▼
2023 · €26,003
Current ratio
2.71▲
2023 · 2.30
Quick ratio
2.47▲
2023 · 2.05
Debt to equity
0.62▼
2023 · 0.92
ROE
1.9%▼
2023 · 29.7%
ROA
1.2%▼
2023 · 15.5%
Interest coverage
3.84▼
2023 · 29.96
Debt ≤ 1 year
€41,002▼
2023 · €59,798
Income taxes
€4,800▼
2023 · €10,086
Staff costs
€4,460▼
2023 · €8,613
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 10,891 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3,372 | €15,887 | €8,613 | €4,460 | ▼ 48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,152 | €18,540 | €3,087 | €3,699 | €3,176 | ▼ 14.1% |
| Other operating charges640/8 | - | €4,049 | €24,616 | €3,788 | €22,064 | ▲ 482% |
| Gross operating margin9900 | €43,265 | €47,695 | €56,890 | €48,556 | €36,590 | ▼ 24.6% |
| Operating profit (loss)9901 | €12,497 | €21,734 | €13,300 | €32,456 | €6,890 | ▼ 78.8% |
| Financial income75/76B | - | €388 | €685 | €1,140 | €2,001 | ▲ 75.5% |
| Recurring financial income75 | €480 | €388 | €685 | €1,140 | €2,001 | ▲ 75.5% |
| Financial charges65/66B | - | €1,053 | €1,551 | €1,207 | €2,619 | ▲ 117% |
| Recurring financial charges65 | €953 | €1,053 | €1,551 | €1,207 | €2,619 | ▲ 117% |
| Profit (loss) for the period before taxes9903 | €12,024 | €21,070 | €12,434 | €32,390 | €6,273 | ▼ 80.6% |
| Income taxes67/77 | €2,850 | €4,828 | €3,995 | €10,086 | €4,800 | ▼ 52.4% |
| Profit (loss) for the period9904 | €9,174 | €16,242 | €8,438 | €22,304 | €1,472 | ▼ 93.4% |
| Profit (loss) for the period to be appropriated9905 | €9,174 | €16,242 | €8,438 | €22,304 | €1,472 | ▼ 93.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,004 | €132,603 | €108,393 | €144,150 | €122,835 | ▼ 14.8% |
| Fixed assets21/28 | €19,885 | €4,996 | €7,006 | €6,423 | €11,886 | ▲ 85.1% |
| Intangible fixed assets21 | - | - | €794 | €623 | €452 | ▼ 27.4% |
| Tangible fixed assets22/27 | €17,840 | €2,951 | €4,167 | €3,755 | €9,389 | ▲ 150% |
| Plant, machinery and equipment23 | - | €1,032 | €964 | €2,036 | €8,889 | ▲ 337% |
| Furniture and vehicles24 | - | €1,919 | €3,203 | €1,719 | €500 | ▼ 70.9% |
| Financial fixed assets28 | €2,045 | €2,045 | €2,045 | €2,045 | €2,045 | = |
| Current assets29/58 | €85,118 | €127,606 | €101,387 | €137,727 | €110,948 | ▼ 19.4% |
| Stocks and contracts in progress3 | €17,532 | €22,900 | €28,933 | €15,129 | €9,577 | ▼ 36.7% |
| Stocks30/36 | - | €22,900 | €28,933 | €15,129 | €9,577 | ▼ 36.7% |
| Amounts receivable within one year40/41 | €37,957 | €48,149 | €51,474 | €104,366 | €85,356 | ▼ 18.2% |
| Trade receivables40 | - | €39,585 | €30,813 | €72,528 | €35,831 | ▼ 50.6% |
| Other amounts receivable41 | - | €8,564 | €20,661 | €31,838 | €49,525 | ▲ 55.6% |
| Cash at bank and in hand54/58 | €16,752 | €37,805 | €19,046 | €16,497 | €15,279 | ▼ 7.4% |
| Deferred charges and accrued income490/1 | - | €18,752 | €1,935 | €1,735 | €735 | ▼ 57.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,004 | €132,603 | €108,393 | €144,150 | €122,835 | ▼ 14.8% |
| Equity10/15 | €47,730 | €63,972 | €68,111 | €75,081 | €75,695 | ▲ 0.8% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Other1109/19 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €23,812 | €39,012 | €43,112 | €50,012 | €50,012 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | €37,152 | €41,252 | €48,152 | €50,012 | ▲ 3.9% |
| Profit (loss) carried forward14 | €11,518 | €12,560 | €12,598 | €12,669 | €13,283 | ▲ 4.8% |
| Amounts payable17/49 | €57,273 | €68,630 | €40,283 | €69,068 | €47,140 | ▼ 31.7% |
| Amounts payable after more than one year17 | €13,649 | €1,107 | €1,218 | €308 | - | - |
| Financial debts170/4 | - | €1,107 | €1,218 | €308 | - | - |
| Amounts payable within one year42/48 | €40,320 | €59,456 | €32,164 | €59,798 | €41,002 | ▼ 31.4% |
| Current portion of amounts payable after more than one year42 | - | €15,982 | €1,991 | €910 | €309 | ▼ 66.1% |
| Financial debts43 | - | €5,421 | €5,000 | €4,183 | €4,395 | ▲ 5.1% |
| Credit institutions430/8 | - | €5,421 | €5,000 | €4,183 | €4,395 | ▲ 5.1% |
| Trade debts44 | €13,769 | €25,552 | €18,697 | €19,086 | €19,936 | ▲ 4.5% |
| Suppliers440/4 | - | €25,552 | €18,697 | €19,086 | €19,936 | ▲ 4.5% |
| Advances received on contracts in progress46 | - | €2,850 | €916 | €916 | - | - |
| Taxes, remuneration and social security45 | - | €9,651 | €1,261 | €19,370 | €15,504 | ▼ 20.0% |
| Taxes450/3 | - | €8,490 | €645 | €19,077 | €15,113 | ▼ 20.8% |
| Remuneration and social security454/9 | - | €1,161 | €616 | €292 | €391 | ▲ 33.8% |
| Other amounts payable47/48 | - | - | €4,300 | €15,333 | €859 | ▼ 94.4% |
| Accrued charges and deferred income492/3 | - | €8,067 | €6,900 | €8,963 | €6,137 | ▼ 31.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,174 | €16,242 | €8,438 | €22,304 | €1,472 | ▼ 93.4% |
| + Depreciation and write-downs630 | €21,152 | €18,540 | €3,087 | €3,699 | €3,176 | ▼ 14.1% |
| Operating cash flow (approximation) | €30,326 | €34,782 | €11,525 | €26,003 | €4,649 | ▼ 82.1% |
| Investment in fixed assets (approximation) | - | -€3,652 | -€5,096 | -€3,116 | -€8,639 | ▼ 177% |
| Change in cash | - | €21,053 | -€18,759 | -€2,549 | -€1,218 | ▲ 52.2% |
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
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €22,304 ▲164%
Operating result €32,456, net result €22,304, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €9,174
Net result €9,174 after one loss-making year.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
31-12
Financial
Weakest financial yearnet -€3,635
Net result drops to -€3,635, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Knokke-Heist · 1 establishment unit since 2011
Ground area
8,455 m²
Building footprint
246 m²
Volume, LiDAR
201 m³
2 parcels, Flanders · tallest building 7.7 m. Linked by address, not a title deed.
1 establishment unit
Studio M
since 20112.198.726.219
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039F0134/00Z000 | Flanders | 8,185 m² | 1 · 146 m² | 7.7 m |
| 31336B0559/00P005 | Flanders | 270 m² | 1 · 100 m² | - |
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 980 companies in sector 74209 we hold annual accounts for 143. 113 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
Founded27-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47553Retail trade
74209Other photographic activities
73110Advertising agencies
74130Interior design
74201Photography, excluding press photography
E-invoicing
Reachable via Peppol
Peppol ID
0208:0835816930
Also
9925:BE0835816930
Registered
31-08-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.