Result
-€195,484 -€195,484
From profit to loss in 2025, after a profit of €13,775 in 2024.
P.F.L.
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €2.8m (2022)
€2.5m▼ 0.4%
lowest -€195,484 (2025)
-€195,484▼ €209,259
peak €2.5m (2025)
€2.5m▲ 9.7%
€6.6m▲ 18.7%
peak 35.5 FTE (2023)
32.9 FTE▲ 4.4%
Board10 names since 2016
4 directorsBEELDLIJN and 3 others
Documentsfilings and deeds
24-09-202655 days late
2025abbreviated format
Loss of €195,484Merger proposal: P.F.L. takes over ABBIT 30-10Debts from €5.5m to €6.6mCash from €11,965 to €107,184
Key points
from the 2025 annual accountsInvestments
€5.3m 7.9 × depreciation
Green is investment, beige is depreciation.
Staff
32 employees on 31-12-2025
In 2025, 16 people joined and 17 left.
Payment terms
133 days to suppliers
P.F.L. pays its suppliers 49 days later than in 2024. Customers pay 98 days later.
Restructuring
3
3 restructurings since 2025. Latest: merger with ABBIT.
Position in the sector
-€195,484
Lower net result than 95% of companies in creative and performing arts. Sector median €12,519 · 649 companies.
2025 accounts filed 55 days after the deadline
Checked score
66
Healthy
Financially stronger than 32% of small companies in creative and performing arts (NACE 90)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 225 companies (NACE 90, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 1.4%▲ +0.4 percentage points vs 07-2025
09-2025: 0.8%▼ -0.6 percentage points vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026lowest value
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.4%▲ +0.6 percentage points vs 07-2026
09-2026: 1.7%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 1.0%▼ -0.7 percentage points vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.04, cash €107,184
Last filed accounts filed 55 days late; 2 of the last 3 accounts late
Loss of €195,484 (financial year 2025)
Size: turnover €7.1m, 32.9 FTE, total assets €9.1m
Calculation
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 90, small). It does better than 30% of them on solvency, 9% on liquidity, 36% on profitability and 52% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as P.F.L. has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of P.F.L. itself: 1.0% within 12 months.
Test of the method
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 2,507 companies, not a prediction for P.F.L.. 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.
Credit verdict
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.04 (0.78 in 2024), below the usual 1.5. Short-term debt is 45.8% and cash 1.2% of total assets. 72.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
55 days late
2024
28 days late
2023
55 days late
2022
11 days late
2021
10 days late
2020
1 day early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
DG
De Gruyter Dominic
Director
- Lumas Holdingscore 88equity €1.3m (2025) · deed of 30-10-2025
Shares in 6 companies, including ABBIT and Gr8t
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0464373246
Merger: P.F.L. takes over Abbit
Resignation: P.F.L. (director) · Permanent representative: De Gruyter Dominicus · “De aan- en verkoop, im- en export, groot- en kleinhandel, het in huur nemen en verhuren, de herstelling…” (deed in Dutch) · General meeting of 05-12-2025 · Gazette deed
Merger proposal: P.F.L. takes over ABBIT
Permanent representatives: Dominicus DE GRUYTER, Lucas SMOLDERS and Mario PEETERS · Name change: STAGELIGHT · The company holds all the shares of ABBIT · Gazette deed
1 director appointed, 1 resignation
Resignation: Lucas Smolders · Appointment: Lumas Holding · Permanent representative: Lucas Smolders · Board meeting of 27-12-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| P.F.L. Beerse | €7.1m | 0.5% | 27.6% | 32.9 |
| CinemaNext Liège | €7.1m | -14.4% | 19.9% | 29 |
| Auvicom Halle | €13.0m | 15.0% | 80.9% | 36.3 |
| FLAGEY Ixelles | €3.6m | -1.1% | 0.1% | 30.3 |
| PIETER SMIT BELGIE Aarschot | €9.4m | 11.2% | 37.7% | 14.1 |
| PHLIPPO PRODUCTIONS Lier | €10.9m | 4.8% | 67.1% | 21 |
| GSV Verhuur Dessel | - | - | 30.5% | 12.7 |
Grey: the largest companies of the sector (creative and performing arts (NACE 90)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as P.F.L.: specialised image, lighting and sound technical services (NACE 90393). They are comparable in size and age: total assets between €3.4m and €14m, founded between 1979 and 2004.
Official details
Source: KBO- Status
- Active since 15-10-1998Normal situation
- Activity
- Specialised image, lighting and sound technical servicesNACE 90393and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.089.111.6652340 Beerse, since 30-11-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €9.1m▲ 16.1%
- Employeeson 31-12-2025
- 32▼ 3.0%
- Filing
- Filed on 24-09-2026
Companies linked to P.F.L.
Subsidiaries and holdings
- P.F.L. PRODUCTIONS100%
- STAGELIGHT100%
- Wimec100%
- MOJUICE79.57%
Insights on P.F.L.
P.F.L. files the abbreviated format. That format states no turnover. The gross margin rose from €415,835 in 2006 to €2.5m in 2025.
In January 2026, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about P.F.L.
- What is the company number of P.F.L.?
- The company number of P.F.L. is 0464.373.246. The VAT number is the same number with BE in front: BE 0464.373.246.
- Where is P.F.L. based?
- The registered office is at Rouwbergskens 8, 2340 Beerse.Company details
- What does P.F.L. do?
- According to the KBO register, the main activity is specialised image, lighting and sound technical services (NACE 90393).
- What is the legal form of P.F.L.?
- P.F.L. is a private limited company (BV).
- When was P.F.L. founded?
- P.F.L. was founded on 15-10-1998.
- Is P.F.L. still active?
- Yes, P.F.L. is an active enterprise in the KBO register.
- How many employees does P.F.L. have?
- P.F.L. had an average of 32.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does P.F.L. fall under?
- In its 2025 annual accounts, P.F.L. states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of P.F.L.?
- The turnover of P.F.L. was €7.1m in financial year 2025, according to the filed annual accounts.
- Is P.F.L. profitable?
- In financial year 2025, P.F.L. made a loss of €195,484.
- Where can I find the annual accounts of P.F.L.?
- P.F.L. filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of P.F.L. due?
- P.F.L. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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