PHOTO ACCESS
ActiveSummary
The computed 12-month bankruptcy probability of PHOTO ACCESS is 1.7% (moderate). The 2025 annual accounts show equity of €23,494 and a net result of -€1,359. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 10485 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-35
Solvency33▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.03 against 1.21 in 2024; short-term debt: 92.2% and cash: 9.2% of total assets), and 92.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
7.8%
Return on assets
-0.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 10485 sector peers (2025).
NBB · sector comparisonPosition among 10485 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 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 · 9 filingsDeviation from the deadline
2025
48 d late
2024
31 d early
2023
55 d late
2022
60 d late
2021
75 d late
2020
59 d late
2019
46 d late
← 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 45 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€23,494▼ 5.5%
2024 · €24,853
Total assets
€301,103▲ 136%
2024 · €127,573
Net result
-€1,359
2024 · €6,807
Working capital
€7,078▼ 67.6%
2024 · €21,849
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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-€3,735€5,546-€6,456€7,266€2,031▼ 72.1%
Net result-€5,196below the sector's middle half€5,215within the sector's middle half-€8,710below the sector's middle half€6,807within the sector's middle half-€1,359below the sector's middle half
Equity€21,541within the sector's middle half▲ 4.8%€26,755within the sector's middle half▲ 24.2%€18,046within the sector's middle half▼ 32.6%€24,853within the sector's middle half▲ 37.7%€23,494below the sector's middle half▼ 5.5%
Total assets€146,309within the sector's middle half▲ 41.7%€124,350within the sector's middle half▼ 15.0%€133,846within the sector's middle half▲ 7.6%€127,573within the sector's middle half▼ 4.7%€301,103below the sector's middle half▲ 136%
Debt€124,769▲ 50.9%€97,595▼ 21.8%€115,801▲ 18.7%€102,720▼ 11.3%€277,609▲ 170%
Working capital€20,673▲ 4.3%€26,261▲ 27.0%€15,381▼ 41.4%€21,849▲ 42.1%€7,078▼ 67.6%
Solvency14.7%within the sector's middle half▼ 5.2pp21.5%within the sector's middle half▲ 6.8pp13.5%within the sector's middle half▼ 8.0pp19.5%within the sector's middle half▲ 6.0pp7.8%below the sector's middle half▼ 11.7pp
Staff (FTE)3.7within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €301,103
Fixed assets
€16,416 ▲ 447%
Current assets
€284,687 ▲ 129%
Equity and liabilities €301,103
Equity
€23,494 ▼ 5.5%
Debt
€277,609 ▲ 170%
Debt's share of the balance-sheet total rises from 80.5% to 92.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3,945▼
2024 · €8,917
Cash flow
€555▼
2024 · €8,459
Current ratio
1.03▼
2024 · 1.21
Quick ratio
0.73▲
2024 · 0.24
Debt to equity
11.82▲
2024 · 4.13
ROE
-5.8%▼
2024 · 27.4%
ROA
-0.5%▼
2024 · 5.3%
Interest coverage
2.58▼
2024 · 19.05
Debt ≤ 1 year
€277,609▲
2024 · €102,720
Income taxes
€2,107
Staff costs
€45,357▲
2024 · €30,187
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,038 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
2.9%
went bankrupt
2.7%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,058 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% | 1.6% |
| 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 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 1,038 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4,612 | €15,350 | €32,948 | €30,187 | €45,357 | ▲ 50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €970 | €372 | €621 | €1,651 | €1,914 | ▲ 15.9% |
| Other operating charges640/8 | €1,621 | €2,261 | €523 | €1,993 | €17,330 | ▲ 770% |
| Gross operating margin9900 | €3,468 | €23,529 | €27,635 | €41,097 | €66,631 | ▲ 62.1% |
| Operating profit (loss)9901 | -€3,735 | €5,546 | -€6,456 | €7,266 | €2,031 | ▼ 72.1% |
| Financial income75/76B | - | €461 | €219 | €10 | €248 | ▲ 2,472% |
| Recurring financial income75 | - | €461 | €0 | €10 | €248 | ▲ 2,472% |
| Non-recurring financial income76B | - | €461 | €219 | - | €248 | - |
| Financial charges65/66B | €562 | €390 | €482 | €468 | €1,531 | ▲ 227% |
| Recurring financial charges65 | €562 | €390 | €482 | €468 | €1,531 | ▲ 227% |
| Profit (loss) for the period before taxes9903 | -€4,298 | €5,617 | -€6,720 | €6,807 | €748 | ▼ 89.0% |
| Income taxes67/77 | €899 | €402 | €1,990 | - | €2,107 | - |
| Profit (loss) for the period9904 | -€5,196 | €5,215 | -€8,710 | €6,807 | -€1,359 | ▼ 120% |
| Profit (loss) for the period to be appropriated9905 | -€5,196 | €5,215 | -€8,710 | €6,807 | -€1,359 | ▼ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,309 | €124,350 | €133,846 | €127,573 | €301,103 | ▲ 136% |
| Fixed assets21/28 | €867 | €495 | €2,857 | €3,004 | €16,416 | ▲ 447% |
| Tangible fixed assets22/27 | €867 | €495 | €2,857 | €3,004 | €14,893 | ▲ 396% |
| Plant, machinery and equipment23 | - | - | - | €1,263 | €758 | ▼ 40.0% |
| Furniture and vehicles24 | - | - | €2,735 | €1,740 | €14,135 | ▲ 712% |
| Other tangible fixed assets26 | €867 | €495 | €122 | - | - | - |
| Financial fixed assets28 | - | - | - | - | €1,523 | - |
| Current assets29/58 | €145,442 | €123,856 | €130,989 | €124,569 | €284,687 | ▲ 129% |
| Stocks and contracts in progress3 | €113,246 | €97,630 | €109,500 | €100,365 | €80,700 | ▼ 19.6% |
| Stocks30/36 | €113,246 | €97,630 | €109,500 | €100,365 | €80,700 | ▼ 19.6% |
| Amounts receivable within one year40/41 | €2,125 | €11,787 | €5,742 | €12,619 | €175,572 | ▲ 1,291% |
| Trade receivables40 | - | - | €5,742 | €12,467 | €175,572 | ▲ 1,308% |
| Other amounts receivable41 | €2,125 | €11,787 | - | €152 | - | - |
| Cash at bank and in hand54/58 | €26,043 | €10,103 | €10,931 | €8,807 | €27,645 | ▲ 214% |
| Deferred charges and accrued income490/1 | €4,029 | €4,335 | €4,816 | €2,778 | €770 | ▼ 72.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,309 | €124,350 | €133,846 | €127,573 | €301,103 | ▲ 136% |
| Equity10/15 | €21,541 | €26,755 | €18,046 | €24,853 | €23,494 | ▼ 5.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | - | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | - | - | - |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €2,941 | €8,155 | -€554 | €6,253 | €4,894 | ▼ 21.7% |
| Amounts payable17/49 | €124,769 | €97,595 | €115,801 | €102,720 | €277,609 | ▲ 170% |
| Amounts payable within one year42/48 | €124,769 | €97,595 | €115,608 | €102,720 | €277,609 | ▲ 170% |
| Trade debts44 | €61,970 | €15,766 | €22,966 | €1,237 | €173,451 | ▲ 13,924% |
| Suppliers440/4 | €61,970 | €15,766 | €22,966 | €1,237 | €173,451 | ▲ 13,924% |
| Taxes, remuneration and social security45 | €1,952 | €3,732 | €14,745 | €23,586 | €12,161 | ▼ 48.4% |
| Taxes450/3 | - | - | €2,139 | €8,301 | €3,283 | ▼ 60.5% |
| Remuneration and social security454/9 | €1,952 | €3,732 | €12,606 | €15,285 | €8,878 | ▼ 41.9% |
| Other amounts payable47/48 | €60,847 | €78,097 | €77,897 | €77,897 | €91,997 | ▲ 18.1% |
| Accrued charges and deferred income492/3 | - | - | €193 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,196 | €5,215 | -€8,710 | €6,807 | -€1,359 | ▼ 120% |
| + Depreciation and write-downs630 | €970 | €372 | €621 | €1,651 | €1,914 | ▲ 15.9% |
| Operating cash flow (approximation) | -€4,226 | €5,587 | -€8,089 | €8,459 | €555 | ▼ 93.4% |
| Investment in fixed assets (approximation) | - | €0 | -€2,984 | -€1,798 | -€15,326 | ▼ 753% |
| Change in cash | - | -€15,940 | €828 | -€2,124 | €18,839 | ▲ 987% |
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
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 48 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6,807
Net result €6,807 after one loss-making year.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €5,215
Net result €5,215 after one loss-making year.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
31-12
Financial
Back to profitnet €25,398
Net result €25,398 after one loss-making year.
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 49 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2016
Ground area
801 m²
Building footprint
441 m²
Volume, LiDAR
8,413 m³
Parcel 21562A0329/00R012, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
PHOTO ACCESS
since 20162.255.906.729
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0329/00R012 | Brussels | 801 m² | 1 · 441 m² | 22.6 m · 6 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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REDSTORM
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Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. 1,250 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
Founded09-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
Contact
E-mail
photo_access@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0640791007
Also
9925:BE0640791007
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.