Petrol Publishing
ActiveSummary
Petrol Publishing has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€36,848) and a net result of €25,357. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 1931 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.43 against 0.28 in 2023; short-term debt: 235.2% and cash: 71.6% of total assets), and equity is negative.
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Signals
Five 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 2024Solvency, return and age of the figures
Solvency
-135.2%
Return on assets
93%
Age of the figures
21 mo
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 →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1931 sector peers (2024).
NBB · sector comparisonPosition among 1931 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
13 d early
2022
20 d early
2021
18 d early
2020
15 d early
2019
15 d early
← 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 16 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€36,848▲ 40.8%
2023 · -€62,205
Total assets
€27,263▲ 10.1%
2023 · €24,751
Net result
€25,357
2023 · -€8,132
Working capital
-€36,848▲ 40.8%
2023 · -€62,205
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
Line20202021202220232024
Operating result-€3,935▼ 40.0%€64,097-€34,126-€7,984▲ 76.6%€25,511
Net result-€6,958below the sector's middle half▲ 35.3%€61,593above the sector's middle half-€34,267below the sector's middle half-€8,132below the sector's middle half▲ 76.3%€25,357above the sector's middle half
Equity-€81,399below the sector's middle half▼ 9.3%-€19,806below the sector's middle half▲ 75.7%-€54,073below the sector's middle half▼ 173%-€62,205below the sector's middle half▼ 15.0%-€36,848below the sector's middle half▲ 40.8%
Total assets€98,551within the sector's middle half▼ 23.4%€55,574within the sector's middle half▼ 43.6%€22,149below the sector's middle half▼ 60.1%€24,751below the sector's middle half▲ 11.7%€27,263below the sector's middle half▲ 10.1%
Debt€179,949▼ 11.4%€75,380▼ 58.1%€76,222▲ 1.1%€86,957▲ 14.1%€64,111▼ 26.3%
Working capital-€42,610below the sector's middle half▲ 18.2%-€55,806below the sector's middle half▼ 31.0%-€54,073below the sector's middle half▲ 3.1%-€62,205below the sector's middle half▼ 15.0%-€36,848below the sector's middle half▲ 40.8%
Solvency-82.6%below the sector's middle half▼ 24.7pp-35.6%below the sector's middle half▲ 47.0pp-244.1%below the sector's middle half▼ 208.5pp-251.3%below the sector's middle half▼ 7.2pp-135.2%below the sector's middle half▲ 116.2pp
Current ratio0.38below the sector's middle half▲ 0.100.26below the sector's middle half▼ 0.120.29below the sector's middle half▲ 0.030.28below the sector's middle half▼ 0.010.43below the sector's middle half▲ 0.14
Return on assets (ROA)-7.1%below the sector's middle half▲ 1.3pp110.8%above the sector's middle half▲ 117.9pp-154.7%below the sector's middle half▼ 265.5pp-32.9%below the sector's middle half▲ 121.9pp93.0%above the sector's middle half▲ 125.9pp
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 returns to profit in 2024: €25,511 after a loss of €7,984 in 2023.
Key figures and ratios
Debt to equity
-1.74▼
2023 · -1.40
Debt ≤ 1 year
€64,111▼
2023 · €86,957
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 3,640 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,000 | €36,000 | €36,000 | €0 | - | - |
| Other operating charges640/8 | - | €250 | €250 | €775 | €368 | ▼ 52.5% |
| Gross operating margin9900 | €32,315 | €100,347 | €2,124 | -€7,209 | €25,879 | ▲ 459% |
| Operating profit (loss)9901 | -€3,935 | €64,097 | -€34,126 | -€7,984 | €25,511 | ▲ 420% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | €1 | - |
| Financial charges65/66B | - | €2,504 | €141 | €148 | €155 | ▲ 4.6% |
| Recurring financial charges65 | €3,023 | €2,504 | €141 | €148 | €155 | ▲ 4.6% |
| Profit (loss) for the period before taxes9903 | -€6,958 | €61,593 | -€34,267 | -€8,132 | €25,357 | ▲ 412% |
| Profit (loss) for the period9904 | -€6,958 | €61,593 | -€34,267 | -€8,132 | €25,357 | ▲ 412% |
| Profit (loss) for the period to be appropriated9905 | -€6,958 | €61,593 | -€34,267 | -€8,132 | €25,357 | ▲ 412% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98,551 | €55,574 | €22,149 | €24,751 | €27,263 | ▲ 10.1% |
| Fixed assets21/28 | €72,000 | €36,000 | €0 | - | - | - |
| Intangible fixed assets21 | €72,000 | €36,000 | €0 | - | - | - |
| Current assets29/58 | €26,551 | €19,574 | €22,149 | €24,751 | €27,263 | ▲ 10.1% |
| Amounts receivable within one year40/41 | €1,909 | €727 | €7,552 | €6,756 | €7,740 | ▲ 14.6% |
| Other amounts receivable41 | - | €727 | €7,552 | €6,756 | €7,740 | ▲ 14.6% |
| Cash at bank and in hand54/58 | €24,642 | €18,848 | €14,598 | €17,996 | €19,523 | ▲ 8.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98,551 | €55,574 | €22,149 | €24,751 | €27,263 | ▲ 10.1% |
| Equity10/15 | -€81,399 | -€19,806 | -€54,073 | -€62,205 | -€36,848 | ▲ 40.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€87,599 | -€26,006 | -€60,273 | -€68,405 | -€43,048 | ▲ 37.1% |
| Amounts payable17/49 | €179,949 | €75,380 | €76,222 | €86,957 | €64,111 | ▼ 26.3% |
| Amounts payable after more than one year17 | €110,789 | - | - | - | - | - |
| Amounts payable within one year42/48 | €69,161 | €75,380 | €76,222 | €86,957 | €64,111 | ▼ 26.3% |
| Trade debts44 | €4,795 | €3,851 | €4,694 | €15,428 | €9,511 | ▼ 38.4% |
| Suppliers440/4 | - | €3,851 | €4,694 | €15,428 | €9,511 | ▼ 38.4% |
| Other amounts payable47/48 | - | €71,528 | €71,528 | €71,528 | €54,600 | ▼ 23.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,958 | €61,593 | -€34,267 | -€8,132 | €25,357 | ▲ 412% |
| + Depreciation and write-downs630 | €36,000 | €36,000 | €36,000 | €0 | - | - |
| Operating cash flow (approximation) | €29,042 | €97,593 | €1,733 | -€8,132 | €25,357 | ▲ 412% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€5,794 | -€4,250 | €3,398 | €1,527 | ▼ 55.1% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €25,357
Net result €25,357 after 2 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€34,267
Net result drops to -€34,267, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €61,593
Net result €61,593 after 3 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-07
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 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, Bonheiden · 1 establishment unit since 2013
Ground area
348 m²
Building footprint
100 m²
Volume, LiDAR
472 m³
Parcel 12005A0261/00S004, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Powertone Publishing
since 20132.219.171.740
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005A0261/00S004indicative | Flanders | 348 m² | 1 · 100 m² | 9.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
0 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 594 companies in sector 59203 we hold annual accounts for 196. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
59203Motion picture, video and television programme production, sound recording and music publishing activities
90120Visual arts creation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502698144
Also
9925:BE0502698144
Registered
31-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.