Investments
Green is investment, beige is depreciation.
Green is investment, beige is depreciation.
Short-term debts rose from €2,799 to €2,940.
Higher solvency than 95% of companies in film, video and music. Sector median 48.2% · 1,871 companies.
The dashed line is the sector median: 0.3% across 2,576 companies (NACE 59, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 59, micro). It does better than 89% of them on solvency, 92% on liquidity, 20% on profitability and 98% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,145 companies had the same profile as Node has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Node itself is lower: 0.4% within 12 months. It rests on far more data about Node than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,145 companies, not a prediction for Node. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 15.22 (3.91 in 2024), above the usual 1.5. Short-term debt is 6% and cash 38% of total assets. 6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 81 days before the deadline. In the sector (NACE 59), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Node Woluwe-Saint-Pierre | €48,899 | -€2,559 | 94.0% | - |
| HOUTMAN CO Uccle | €41,389 | -€22,552 | 58.3% | - |
| DHT Production Waterloo | €37,660 | -€2,722 | -37.2% | - |
| SALTVISION Kruisem | €45,861 | -€27,278 | -278.0% | - |
| Evasion SonOR Uccle | €19,932 | €104 | 16.5% | - |
| PAF Namur | €32,820 | €1,424 | 70.4% | - |
| LOT77 Antwerp | €21,058 | €881 | 48.0% | - |
These companies have the same main activity as Node: post-production of films, video and television programmes (NACE 59120). They are comparable in size and age: total assets between €19,900 and €45,900, founded between 2022 and 2024.
Node has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45,959 and a net result of -€4,215.
Its solvency ranks better than 95% of 1,871 sector peers (NACE 59, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 95% of 1,871 companies in 2025.
Higher than 95% of 1,776 companies in 2025.
Higher than 20% of 1,795 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
48,899 | 12,973 | |
21/28 |
4,140 | 2,020 | |
22/27 |
4,140 | 2,020 | |
23 |
2,065 | 2,020 | |
24 |
2,075 | - | |
29/58 |
44,760 | 10,953 | |
40/41 |
26,174 | 9,536 | |
40 |
1,065 | 8,578 | |
41 |
25,110 | 958 | |
54/58 |
18,585 | 1,417 | |
| Balance sheet: equity and liabilities | |||
10/49 |
48,899 | 12,973 | |
10/15 |
45,959 | 10,174 | |
10/11 |
5,000 | 5,000 | |
14 |
959 | 5,174 | |
15 |
40,000 | - | |
17/49 |
2,940 | 2,799 | |
42/48 |
2,940 | 2,799 | |
45 |
2,940 | 2,799 | |
450/3 |
2,940 | 2,799 | |
| Income statement | |||
70 |
- | 20,653 | |
9900 |
-2,559 | 7,364 | |
60/61 |
- | 13,288 | |
630 |
1,286 | 404 | |
640/8 |
250 | 493 | |
66A |
97 | - | |
9901 |
-4,192 | 6,467 | |
65/66B |
23 | - | |
65 |
23 | - | |
9903 |
-4,215 | 6,467 | |
67/77 |
- | 1,294 | |
9904 |
-4,215 | 5,174 | |
9905 |
-4,215 | 5,174 | |
| Appropriation of the result | |||
9906 |
959 | 5,174 | |
14P |
5,174 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 07-06-2026.
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €15,000 |
| 2024 | 1 | €25,000 | €0 |
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -2,906 | 6,871 | ||
| -2,929 | 5,578 | ||
| 3,405 | 2,424 | ||
| 17,168 | - | ||
| 41,820 | 8,154 | ||
| - | 31.3% | ||
| 94.0% | 78.4% | ||
| 15.22 | 3.91 | ||
| 0.06 | 0.28 | ||
| -9.2% | 50.9% | ||
| -8.6% | 39.9% | ||
| -129.11 | - | ||
| - | 152 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €3,405 | €2,424 |
| €1,286 | €404 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €4,192, after a profit of €6,467 in 2024.
Debt's share of the balance-sheet total falls from 21.6% to 6.0%. Equity and debt are higher.
Node has no parent and no holdings in its annual accounts. VAN DER WEE Gillis Willem Herman is the only director. Node shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Node was incorporated on 18 June 2024 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office was moved to Woluwe-Saint-Pierre in 2025.3 VAN DER WEE Gillis Willem Herman is director of the company, appointed by deed of 20-06-2024.2
| Establishment | Since | Unit number |
|---|---|---|
| Murikgaarde 9 registered office 1150 Woluwe-Saint-Pierre | ||
| Vanderborghtstraat 2 1081 Koekelberg 59111 Production of cinema films | 01-07-2024 | 2.363.192.786 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21684B0057/00P015 | 220 m² | 1 · 76 m² | 11.0 m · 3 |
| 21492B0007/00C006 | 139 m² | 1 · 119 m² | 21.6 m · 6 |
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