PIC SOUND
ActivePIC SOUND has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123k and a net result of €-19k. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 1505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-3
Solvency46▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.09 in 2024; short-term debt: 62.5% and cash: 5.8% of total assets), and 79.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 59
lower
← 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
20.6%
Return on assets
-3.1%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-19k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-02-2026, 23 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 · 10 filingsDeviation from the deadline
2025
23 d late
2024
12 d late
2023
27 d early
2022
21 d early
2021
25 d early
2020
16 d late
2019
108 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€123k▼ 13.1%
2024 · €142k
2019: €261k
2020: €256k
2021: €219k
2022: €193k
2023: €148k
2024: €142k
2019 → 2025
Total assets
€598k▼ 3.7%
2024 · €621k
2019: €495k
2020: €477k
2021: €437k
2022: €407k
2023: €623k
2024: €621k
2019 → 2025
Net result
€-19k▼ 203%
2024 · €-6k
2019: €-36k
2020: €-5k
2021: €-37k
2022: €-27k
2023: €-45k
2024: €-6k
2019 → 2025
Working capital
€-333k▲ 1.9%
2024 · €-339k
2019: €-82k
2020: €-86k
2021: €-95k
2022: €-95k
2023: €-358k
2024: €-339k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€219k-€193k▼ 12.1%€148k▼ 23.2%€142k▼ 4.2%€123k▼ 13.1%
Operating result€-40k-€-30k▲ 25.3%€-48k▼ 58.4%€-9k▲ 81.2%€-21k▼ 138%
Net result€-37k-€-27k▲ 27.3%€-45k▼ 68.4%€-6k▲ 86.2%€-19k▼ 203%
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 €21k in 2025 against €9k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €598k
Fixed assets
€557k▼ 4.8%
Current assets
€41k▲ 14.2%
Equity and liabilities €598k
Equity
€123k▼ 13.1%
Provisions
€63k▼ 5.1%
Debt
€412k▼ 0.3%
The debt ratio rises from 66.5% to 68.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7k▼
2024 · €20k
Cash flow
€10k▼
2024 · €23k
Solvency
20.6%▼
2024 · 22.9%
Current ratio
0.11▲
2024 · 0.09
Quick ratio
0.11▲
2024 · 0.09
Debt / equity
3.34▲
2024 · 2.91
ROE
-15.1%▼
2024 · -4.3%
ROA
-3.1%▼
2024 · -1.0%
Interest coverage
13.68▼
2024 · 39.74
Debt
€412k▼
2024 · €413k
Debt ≤ 1 year
€374k▼
2024 · €375k
Debt > 1 year
€36k=
2024 · €36k
Income taxes
€142▲
2024 · €134
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€621k€598k▼
Fixed assets21/28€586k€557k▼
Tangible fixed assets22/27€586k€557k▼
Land and buildings22€225k€219k▼
Plant, machinery and equipment23€112k€103k▼
Furniture and vehicles24€13k€7k▼
Other tangible fixed assets26€235k€227k▼
Current assets29/58€36k€41k▲
Amounts receivable within one year40/41€5k€4k▼
Trade receivables40€5k€3k▼
Other amounts receivable41-€373
Cash at bank and in hand54/58€28k€35k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€621k€598k▼
Equity10/15€142k€123k▼
Contributions10/11€19k€19k=
Reserves13€182k€168k▼
Tax-exempt reserves132€180k€167k▼
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-59k€-64k▼
Provisions and deferred taxes16€66k€63k▼
Deferred taxes168€66k€63k▼
Amounts payable17/49€413k€412k▼
Amounts payable after more than one year17€36k€36k=
Financial debts170/4€36k€36k=
Amounts payable within one year42/48€375k€374k▼
Trade debts44€1k€829▼
Suppliers440/4€1k€829▼
Taxes, remuneration and social security45€907€158▼
Taxes450/3€907€158▼
Other amounts payable47/48€373k€373k=
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€28k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€520-
Other operating charges640/8€5k€5k▲
Gross operating margin9900€26k€12k▼
Operating profit (loss)9901€-9k€-21k▼
Financial charges65/66B€511€505▼
Recurring financial charges65€511€505▼
Profit (loss) for the period before taxes9903€-9k€-22k▼
Transfer from deferred taxes780€3k€3k▼
Income taxes67/77€134€142▲
Profit (loss) for the period9904€-6k€-19k▼
Transfer from tax-exempt reserves789€14k€13k▼
Profit (loss) for the period to be appropriated9905€8k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-59k€-64k▼
Profit (loss) brought forward from the previous period14P€-67k€-59k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
2025
12-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
14-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
25-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waterloo · 1 establishment unit since 1987
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.
Avenue du Champ de Mai 141410 WaterlooGround area
2.1 ha
Building footprint
964 m²
Volume, LiDAR
23,516 m³
2 parcels, Brussels, Wallonia · tallest building 28.7 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
SONS & IMAGES
since 19872.031.028.164
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110B0044/00S000 | Wallonia | 2.1 ha | 1 · 866 m² | 28.7 m · 9 fl. |
| 21013B0317/00M002 | Brussels | 91 m² | 1 · 97 m² | 16.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
YCremers
BE 1001.406.422
Herentals · Eq €124k
WEETJENS PRODUCTIES
BE 0467.244.050
Steenokkerzeel · Eq €124k
STUDIO CAROTTE
BE 0466.108.160
Waterloo · Eq €122k
Earl Weasel
BE 0736.811.307
Schilde · Eq €122k
VANVID
BE 0795.969.528
Namur · Eq €125k
Of 1,060 companies in sector 59120 we hold annual accounts for 452. 374 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-05-1987
Fiscal year end30-06
Activities, NACEBEL
59120Post-production of films, video and television programmes
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.