PIXED
ActiveSummary
PIXED has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,942 and a net result of €6,947. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 84% of 1540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+10
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 4.16 against 2.83 in 2024; short-term debt: 18.6% and cash: 19.9% of total assets), and 18.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.4%
Return on assets
11.8%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
25 d late
2023
27 d late
2022
31 d late
2021
29 d late
2020
9 d late
2019
84 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 34 days after 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 (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, micro schema
Equity
€47,942▲ 5.4%
2024 · €45,481
Total assets
€58,909▼ 2.3%
2024 · €60,326
Net result
€6,947▲ 274%
2024 · €1,856
Working capital
€34,695▲ 27.6%
2024 · €27,184
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,248▼ 26.1%-€3,188-€8,114▼ 154%€3,016€10,208▲ 238%
Net result€7,938▼ 38.1%-€3,786-€8,249▼ 118%€1,856€6,947▲ 274%
Equity€62,760▲ 47.9%€58,974▼ 6.0%€50,725▼ 14.0%€45,481▼ 10.3%€47,942▲ 5.4%
Total assets€82,954▲ 28.6%€70,817▼ 14.6%€60,523▼ 14.5%€60,326▼ 0.3%€58,909▼ 2.3%
Debt€20,194▼ 8.5%€11,844▼ 41.3%€9,798▼ 17.3%€14,845▲ 51.5%€10,967▼ 26.1%
Working capital€29,600▼ 12.0%€25,303▼ 14.5%€26,528▲ 4.8%€27,184▲ 2.5%€34,695▲ 27.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 238% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,909
Fixed assets
€13,247 ▼ 27.6%
Current assets
€45,662 ▲ 8.6%
Equity and liabilities €58,909
Equity
€47,942 ▲ 5.4%
Debt
€10,967 ▼ 26.1%
Debt's share of the balance-sheet total falls from 24.6% to 18.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,669▲
2024 · €12,221
Cash flow
€16,408▲
2024 · €11,061
Current ratio
4.16▲
2024 · 2.83
Debt to equity
0.23▼
2024 · 0.33
ROE
14.5%▲
2024 · 4.1%
ROA
11.8%▲
2024 · 3.1%
Interest coverage
211.86▲
2024 · 102.59
Debt ≤ 1 year
€10,967▼
2024 · €14,845
Income taxes
€3,169▲
2024 · €1,048
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 34,672 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €2,111 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,177 | €8,767 | €9,473 | €9,205 | €9,461 | ▲ 2.8% |
| Other operating charges640/8 | €927 | €798 | €445 | €641 | €484 | ▼ 24.5% |
| Gross operating margin9900 | €21,352 | €6,376 | €1,804 | €12,862 | €20,153 | ▲ 56.7% |
| Operating profit (loss)9901 | €12,248 | -€3,188 | -€8,114 | €3,016 | €10,208 | ▲ 238% |
| Financial income75/76B | €0 | €2 | €3 | €6 | €1 | ▼ 82.2% |
| Recurring financial income75 | €0 | €2 | €3 | €6 | €1 | ▼ 82.2% |
| Financial charges65/66B | €196 | €159 | €138 | €119 | €93 | ▼ 22.1% |
| Recurring financial charges65 | €196 | €159 | €138 | €119 | €93 | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €12,053 | -€3,346 | -€8,249 | €2,904 | €10,116 | ▲ 248% |
| Income taxes67/77 | €4,115 | €440 | €0 | €1,048 | €3,169 | ▲ 202% |
| Profit (loss) for the period9904 | €7,938 | -€3,786 | -€8,249 | €1,856 | €6,947 | ▲ 274% |
| Profit (loss) for the period to be appropriated9905 | €7,938 | -€3,786 | -€8,249 | €1,856 | €6,947 | ▲ 274% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82,954 | €70,817 | €60,523 | €60,326 | €58,909 | ▼ 2.3% |
| Fixed assets21/28 | €33,160 | €33,670 | €24,197 | €18,297 | €13,247 | ▼ 27.6% |
| Tangible fixed assets22/27 | €32,910 | €33,420 | €23,947 | €18,047 | €12,997 | ▼ 28.0% |
| Plant, machinery and equipment23 | €11,827 | €16,937 | €12,064 | €10,763 | €10,314 | ▼ 4.2% |
| Furniture and vehicles24 | €21,083 | €16,483 | €11,883 | €7,283 | €2,683 | ▼ 63.2% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €49,794 | €37,147 | €36,326 | €42,029 | €45,662 | ▲ 8.6% |
| Amounts receivable within one year40/41 | €13,054 | €28,474 | €28,650 | €33,502 | €33,556 | ▲ 0.2% |
| Trade receivables40 | €13,054 | €28,355 | €28,640 | €33,486 | €25,683 | ▼ 23.3% |
| Other amounts receivable41 | €0 | €119 | €10 | €15 | €7,873 | ▲ 51,054% |
| Cash at bank and in hand54/58 | €36,251 | €8,500 | €7,676 | €8,166 | €11,741 | ▲ 43.8% |
| Deferred charges and accrued income490/1 | €489 | €173 | €0 | €361 | €365 | ▲ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82,954 | €70,817 | €60,523 | €60,326 | €58,909 | ▼ 2.3% |
| Equity10/15 | €62,760 | €58,974 | €50,725 | €45,481 | €47,942 | ▲ 5.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,383 | €21,383 | €21,383 | €16,139 | €18,600 | ▲ 15.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €19,523 | €19,523 | €19,523 | €14,279 | €16,740 | ▲ 17.2% |
| Profit (loss) carried forward14 | €22,777 | €18,990 | €10,742 | €10,742 | €10,742 | = |
| Amounts payable17/49 | €20,194 | €11,844 | €9,798 | €14,845 | €10,967 | ▼ 26.1% |
| Amounts payable within one year42/48 | €20,194 | €11,844 | €9,798 | €14,845 | €10,967 | ▼ 26.1% |
| Trade debts44 | €3,303 | €1,332 | €1,995 | €2,186 | €851 | ▼ 61.1% |
| Suppliers440/4 | €3,303 | €1,332 | €1,995 | €2,186 | €851 | ▼ 61.1% |
| Taxes, remuneration and social security45 | €11,911 | €10,512 | €7,803 | €7,682 | €10,116 | ▲ 31.7% |
| Taxes450/3 | €11,911 | €10,512 | €7,803 | €7,682 | €10,116 | ▲ 31.7% |
| Other amounts payable47/48 | €4,980 | €0 | - | €4,977 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,938 | -€3,786 | -€8,249 | €1,856 | €6,947 | ▲ 274% |
| + Depreciation and write-downs630 | €8,177 | €8,767 | €9,473 | €9,205 | €9,461 | ▲ 2.8% |
| Operating cash flow (approximation) | €16,115 | €4,981 | €1,224 | €11,061 | €16,408 | ▲ 48.3% |
| Investment in fixed assets (approximation) | - | -€9,278 | €0 | -€3,304 | -€4,411 | ▼ 33.5% |
| Change in cash | - | -€27,751 | -€824 | €491 | €3,574 | ▲ 629% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Back to profitnet €1,856
Net result €1,856 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet -€8,249
Net result drops to -€8,249, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Highest result since 2018net €12,827 ▲811%
Operating result €16,570, net result €12,827, both a record.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Hove · 1 establishment unit since 2014
Ground area
4.0 ha
Building footprint
2.8 ha
Volume, LiDAR
296,768 m³
2 parcels, Flanders · tallest building 23.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Pixed
since 20142.229.186.296
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11025C0623/00W005 | Flanders | 4.0 ha | 1 · 2.7 ha | 23.9 m · 3 fl. |
| 11021A0176/00W000 | Flanders | 472 m² | 1 · 148 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,582 companies in sector 59113 we hold annual accounts for 702. 562 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
Founded27-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
59113Video and film production, excluding cinema and television films
59120Post-production of films, video and television programmes
74120Graphic design and visual communication
78200Temporary employment agencies and other provision of personnel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0547583509
Also
9925:BE0547583509
Registered
11-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.