NOTA BENE
ActiveSummary
NOTA BENE has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€85,583) and a net result of -€23,323. Equity is shrinking by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 1545 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
15 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€85,583
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-11-2025, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
23 d early
2023
20 d early
2022
1 d early
2021
on the day
2020
3 d early
2019
42 d early
← 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 22 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 11 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€85,583▼ 37.5%
2024 · -€62,260
Total assets
€3,092▲ 235%
2024 · €924
Net result
-€23,323▼ 338%
2024 · -€5,321
Working capital
-€77,931▼ 24.0%
2024 · -€62,834
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing 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€20,280-€28,807-€14,028▲ 51.3%-€2,436▲ 82.6%-€19,581▼ 704%
Net result€19,682within the sector's middle half-€29,754below the sector's middle half-€15,500below the sector's middle half▲ 47.9%-€5,321below the sector's middle half▲ 65.7%-€23,323below the sector's middle half▼ 338%
Equity-€11,685below the sector's middle half▲ 62.7%-€41,439below the sector's middle half▼ 255%-€56,939below the sector's middle half▼ 37.4%-€62,260below the sector's middle half▼ 9.3%-€85,583below the sector's middle half▼ 37.5%
Total assets€14,169below the sector's middle half▲ 4.8%€20,618below the sector's middle half▲ 45.5%€5,171below the sector's middle half▼ 74.9%€924below the sector's middle half▼ 82.1%€3,092below the sector's middle half▲ 235%
Debt€25,854▼ 42.4%€62,057▲ 140%€62,110▲ 0.1%€63,184▲ 1.7%€88,675▲ 40.3%
Working capital-€13,765below the sector's middle half▲ 57.7%-€43,246below the sector's middle half▼ 214%-€58,106below the sector's middle half▼ 34.4%-€62,834below the sector's middle half▼ 8.1%-€77,931below the sector's middle half▼ 24.0%
Solvency-82.5%below the sector's middle half▲ 149.5pp-201.0%below the sector's middle half▼ 118.5pp
Current ratio0.47below the sector's middle half▲ 0.190.30below the sector's middle half▼ 0.160.06below the sector's middle half▼ 0.24
Return on assets (ROA)138.9%above the sector's middle half▲ 311.3pp-144.3%below the sector's middle half▼ 283.2pp-299.8%below the sector's middle half▼ 155.4pp
above
within
below
the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing 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 stays negative: a loss of €19,581 in 2025 against €2,436 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3,092
Fixed assets
€985 ▲ 71.5%
Current assets
€2,107 ▲ 502%
Key figures and ratios
EBITDA
-€19,314▼
2024 · -€1,843
Cash flow
-€23,055▼
2024 · -€4,728
Interest coverage
-5.16▼
2024 · -0.64
Debt ≤ 1 year
€80,038▲
2024 · €63,184
Debt > 1 year
€8,637
Ratios withheld: a balance sheet total of €3,092 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 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% | 1.8% |
| 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% 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 6,621 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €988 | €804 | €640 | €593 | €268 | ▼ 54.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€3,673 | - | - | - | - |
| Other operating charges640/8 | - | €4,020 | €348 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | - | - | - | €37 | €304 | ▲ 722% |
| Gross operating margin9900 | €21,615 | -€27,656 | -€13,041 | -€1,419 | -€18,610 | ▼ 1,212% |
| Operating profit (loss)9901 | €20,280 | -€28,807 | -€14,028 | -€2,436 | -€19,581 | ▼ 704% |
| Financial income75/76B | - | - | €0 | - | €2 | - |
| Recurring financial income75 | - | - | €0 | - | €2 | - |
| Financial charges65/66B | - | €947 | €1,472 | €2,885 | €3,744 | ▲ 29.8% |
| Recurring financial charges65 | €598 | €947 | €1,472 | €2,885 | €3,744 | ▲ 29.8% |
| Profit (loss) for the period before taxes9903 | €19,682 | -€29,754 | -€15,500 | -€5,321 | -€23,323 | ▼ 338% |
| Profit (loss) for the period9904 | €19,682 | -€29,754 | -€15,500 | -€5,321 | -€23,323 | ▼ 338% |
| Profit (loss) for the period to be appropriated9905 | €19,682 | -€29,754 | -€15,500 | -€5,321 | -€23,323 | ▼ 338% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,169 | €20,618 | €5,171 | €924 | €3,092 | ▲ 235% |
| Fixed assets21/28 | €2,080 | €1,807 | €1,167 | €574 | €985 | ▲ 71.5% |
| Tangible fixed assets22/27 | €2,055 | €1,782 | €1,143 | €550 | €960 | ▲ 74.7% |
| Furniture and vehicles24 | - | €1,782 | €1,143 | €550 | €960 | ▲ 74.7% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €12,089 | €18,811 | €4,004 | €350 | €2,107 | ▲ 502% |
| Amounts receivable within one year40/41 | €5,213 | €2,847 | €3,141 | €350 | €181 | ▼ 48.2% |
| Trade receivables40 | - | €2,847 | €3,134 | €350 | - | - |
| Other amounts receivable41 | - | - | €7 | - | €181 | - |
| Cash at bank and in hand54/58 | €6,287 | €15,252 | €0 | €0 | €1,926 | ▲ 2,407,525% |
| Deferred charges and accrued income490/1 | - | €712 | €862 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,169 | €20,618 | €5,171 | €924 | €3,092 | ▲ 235% |
| Equity10/15 | -€11,685 | -€41,439 | -€56,939 | -€62,260 | -€85,583 | ▼ 37.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | €18,592 | €18,592 | - | - | - |
| Uncalled capital101 | - | €12,392 | €12,392 | - | - | - |
| Outside capital11 | - | - | - | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | €6,200 | €6,200 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Legal reserve130 | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€19,744 | -€49,498 | -€64,998 | -€70,319 | -€93,642 | ▼ 33.2% |
| Amounts payable17/49 | €25,854 | €62,057 | €62,110 | €63,184 | €88,675 | ▲ 40.3% |
| Amounts payable after more than one year17 | - | - | - | - | €8,637 | - |
| Financial debts170/4 | - | - | - | - | €8,637 | - |
| Amounts payable within one year42/48 | €25,854 | €62,057 | €62,110 | €63,184 | €80,038 | ▲ 26.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9,790 | - |
| Financial debts43 | - | - | €22,779 | €21,780 | - | - |
| Credit institutions430/8 | - | - | €22,779 | €21,780 | - | - |
| Trade debts44 | €7,508 | €7,568 | €7,560 | €7,372 | €7,280 | ▼ 1.2% |
| Suppliers440/4 | - | €7,568 | €7,560 | €7,372 | €7,280 | ▼ 1.2% |
| Taxes, remuneration and social security45 | - | €125 | - | €677 | - | - |
| Taxes450/3 | - | €125 | - | €677 | - | - |
| Other amounts payable47/48 | - | €54,364 | €31,771 | €33,355 | €62,968 | ▲ 88.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,682 | -€29,754 | -€15,500 | -€5,321 | -€23,323 | ▼ 338% |
| + Depreciation and write-downs630 | €988 | €804 | €640 | €593 | €268 | ▼ 54.9% |
| Operating cash flow (approximation) | €20,670 | -€28,951 | -€14,860 | -€4,728 | -€23,055 | ▼ 388% |
| Investment in fixed assets (approximation) | - | -€531 | €0 | €0 | -€678 | - |
| Change in cash | - | €8,965 | -€15,252 | €0 | €1,926 | - |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€29,754
Net result drops to -€29,754, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €19,682
Net result €19,682 after 2 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Elsene · 1 establishment unit since 1986
Ground area
272 m²
Building footprint
102 m²
Volume, LiDAR
1,262 m³
Parcel 21009A0924/00K007, Brussels · tallest building 19.2 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SOCIETE COOPERATIVE NOTA BENE
since 19862.037.221.318
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0924/00K007 | Brussels | 272 m² | 1 · 102 m² | 19.2 m · 4 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.
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Of 1,319 companies in sector 59111 we hold annual accounts for 688. 430 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
Founded06-06-1986
Fiscal year end30-06
Activities, NACEBEL 2025
59111Production of cinema films
47784Retail sale of souvenirs and religious articles
59112Motion picture, video and television programme production, sound recording and music publishing activities
59113Video and film production, excluding cinema and television films
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428994574
Also
9925:BE0428994574
Registered
07-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.