Origins explained

Active

Private limited companyfounded 20196 yrs activeSchuiterstraat 40, 9031 Gent, BelgiumKBO/BCE: BE 0737.439.827

Origins explained has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €73k and a net result of €-16k. Equity is shrinking by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 32% of 1935 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Watch Print / PDF

Checked score

Score 2024

37 / 100

Weak▼ -20 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency48▲+21

Growth32=

Stability100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days only on tighter terms

Liquidity tight (current ratio 1.36 against 1.2 in 2023), and 73.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 59

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

26.3%

Return on assets

-5.8%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

68 d late

2022

71 d late

2021

101 d late

2020

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€73k▼ 18.1%

2023 · €89k

2020: €94k 2021: €226k 2022: €369k 2023: €89k

2020 → 2024

Total assets

€279k▼ 47.9%

2023 · €535k

2020: €121k 2021: €314k 2022: €528k 2023: €535k

2020 → 2024

Net result

€-16k

2023 · €21k

2020: €94k 2021: €131k 2022: €143k 2023: €21k

2020 → 2024

Working capital

€73k▼ 19.2%

2023 · €90k

2020: €94k 2021: €212k 2022: €367k 2023: €90k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€94k-€226k▲ 139%€369k▲ 63.4%€89k▼ 75.7%€73k▼ 18.1%

Operating result€121k-€183k▲ 50.6%€186k▲ 1.8%€29k▼ 84.6%€-16k

Net result€94k-€131k▲ 40.2%€143k▲ 8.9%€21k▼ 85.5%€-16k

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 2024: a loss of €16k after €29k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €279k

99.6%

Fixed assets €1k

Current assets €278k

Equity and liabilities €279k

26.3%

73.7%

Equity €73k▼ 18.1%

Debt €206k▼ 53.9%

The debt ratio falls from 83.3% to 73.7%: debt falls faster than equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-16k

Cash flow

€-16k

Solvency

26.3%▲

2023 · 16.7%

Current ratio

1.36▲

2023 · 1.20

Quick ratio

1.36▲

2023 · 1.20

Debt / equity

2.81▼

2023 · 4.98

ROE

-22.1%▼

2023 · 23.1%

ROA

-5.8%▼

2023 · 3.9%

Interest coverage

-15.47

Debt

€206k▼

2023 · €446k

Debt ≤ 1 year

€205k▼

2023 · €445k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€535k€279k▼

Fixed assets21/28-€1k

Tangible fixed assets22/27-€1k

Plant, machinery and equipment23-€1k

Current assets29/58€535k€278k▼

Amounts receivable after more than one year29€10k-

Other amounts receivable291€10k-

Amounts receivable within one year40/41€92k€86k▼

Trade receivables40€56k€40k▼

Other amounts receivable41€35k€46k▲

Cash at bank and in hand54/58€434k€192k▼

Equity and liabilities

Total equity and liabilities10/49€535k€279k▼

Equity10/15€89k€73k▼

Contributions10/11€500€500=

Profit (loss) carried forward14€89k€73k▼

Amounts payable17/49€446k€206k▼

Amounts payable within one year42/48€445k€205k▼

Current portion of amounts payable after more than one year42€10k€3k▼

Trade debts44€55k€33k▼

Suppliers440/4€55k€33k▼

Taxes, remuneration and social security45€88k€3k▼

Taxes450/3€88k€3k▼

Other amounts payable47/48€293k€167k▼

Accrued charges and deferred income492/3€750€750=

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€346

Other operating charges640/8€121€959▲

Gross operating margin9900€29k€-15k▼

Operating profit (loss)9901€29k€-16k▼

Financial income75/76B€500€1k▲

Recurring financial income75€500€1k▲

Financial charges65/66B€1k€1k▼

Recurring financial charges65€1k€1k▼

Profit (loss) for the period before taxes9903€28k€-16k▼

Income taxes67/77€7k-

Profit (loss) for the period9904€21k€-16k▼

Profit (loss) for the period to be appropriated9905€21k€-16k▼

Appropriation of the result

Profit (loss) to be appropriated9906€164k€73k▼

Profit (loss) brought forward from the previous period14P€143k€89k▼

Transfer from equity791/2€225k-

Profit to be distributed694/7€300k-

Return on contributions (dividend)694€300k-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Weakest financial yearnet €-16k ▼178%

Net result drops to €-16k, the lowest in the series.

07-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 68 days late

2023

10-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 71 days late

2022

31-12

Financial Highest result since 2020net €143k ▲8.9%

Operating result €186k, net result €143k, both a record.

09-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 101 days late

2021

31-12

Financial Equity above €200kEq €226k ▲139%

2 profitable years in a row build equity to €226k.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Gent · 1 establishment unit since 2019

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Schuiterstraat 409031 Gent

Ground area

642 m²

Building footprint

123 m²

Volume, LiDAR

667 m³

Parcel 44017C0849/00E002, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Origins explained

Schuiterstraat 40, 9031 GentPre-press and pre-media services

since 20192.296.644.155

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44017C0849/00E002	Flanders	642 m²	1 · 123 m²	7.7 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

A-WORKS

BE 1010.464.440

Sint-Agatha-Berchem · Eq €73k

THIS SIGHT UP!

BE 0597.816.146

Schelle · Eq €73k

HELIOTROPE FILM DIRECTING

Of 2,567 companies in sector 59113 we hold annual accounts for 701. 570 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded06-11-2019

Fiscal year end31-12

Activities, NACEBEL

59113Video and film production, excluding cinema and television films

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.