Pixelrush
ActiveSummary
The computed 12-month bankruptcy probability of Pixelrush is 1.8% (moderate). The annual accounts of Pixelrush for fiscal year 2024 show a net loss of 132% of total assets and of 93% of the equity at the start of that year. The 2024 annual accounts show equity of €2,387 and a net result of -€33,805. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 22% of 1931 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-83
Solvency34▼-45
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.69 against 2.13 in 2023; short-term debt: 90.7% and cash: 8% of total assets), and 90.7% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
9.3%
Return on assets
-132.2%
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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1931 sector peers (2024).
NBB · sector comparisonPosition among 1931 sector peers
Solvency
better than 22%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2026, 364 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
364 d late
2023
131 d late
2022
61 d late
2021
120 d late
2020
on the day
2019
56 d late
← 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 122 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€2,387▼ 93.4%
2023 · €36,192
Total assets
€25,566▼ 62.0%
2023 · €67,346
Net result
-€33,805
2023 · €7,557
Working capital
-€7,186
2023 · €31,212
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
Line20202021202220232024
Operating result€9,467▲ 322%€8,980▼ 5.1%€4,514▼ 49.7%€14,921▲ 231%-€29,382
Net result€8,349▲ 273%€6,768▼ 18.9%€1,277▼ 81.1%€7,557▲ 492%-€33,805
Equity€20,590▲ 68.2%€27,358▲ 32.9%€28,634▲ 4.7%€36,192▲ 26.4%€2,387▼ 93.4%
Total assets€42,297▲ 36.0%€47,222▲ 11.6%€45,829▼ 2.9%€67,346▲ 46.9%€25,566▼ 62.0%
Debt€21,707▲ 15.1%€19,864▼ 8.5%€17,195▼ 13.4%€31,154▲ 81.2%€23,180▼ 25.6%
Working capital€22,082▲ 715%€27,017▲ 22.3%€26,615▼ 1.5%€31,212▲ 17.3%-€7,186
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €29,382 after €14,921 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €25,414
Fixed assets
€9,420 ▲ 13.9%
Current assets
€15,994 ▼ 72.9%
Equity and liabilities €25,566
Equity
€2,387 ▼ 93.4%
Debt
€23,180 ▼ 25.6%
Debt's share of the balance-sheet total rises from 46.3% to 90.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€26,040▼
2023 · €19,183
Cash flow
-€30,463▼
2023 · €11,819
Current ratio
0.69▼
2023 · 2.13
Debt to equity
9.71▲
2023 · 0.86
ROA
-132.2%▼
2023 · 11.2%
Interest coverage
-6.28▼
2023 · 6.87
Debt ≤ 1 year
€23,180▼
2023 · €27,711
Debt > 1 year
€0▼
2023 · €3,444
Income taxes
€301▼
2023 · €4,590
A ratio outside any meaningful range has been withheld (balance sheet total €25,566, equity €2,387).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,906 | €7,844 | €4,690 | €4,262 | €3,342 | ▼ 21.6% |
| Other operating charges640/8 | - | €468 | €1,361 | €949 | €390 | ▼ 58.9% |
| Gross operating margin9900 | €16,068 | €17,291 | €10,565 | €20,132 | -€25,650 | ▼ 227% |
| Operating profit (loss)9901 | €9,467 | €8,980 | €4,514 | €14,921 | -€29,382 | ▼ 297% |
| Financial income75/76B | - | €0 | €35 | €21 | €21 | ▲ 4.2% |
| Recurring financial income75 | €612 | €0 | €35 | €21 | €21 | ▲ 4.2% |
| Financial charges65/66B | - | €793 | €1,467 | €2,794 | €4,143 | ▲ 48.3% |
| Recurring financial charges65 | €1,058 | €793 | €1,467 | €2,794 | €4,143 | ▲ 48.3% |
| Profit (loss) for the period before taxes9903 | €9,021 | €8,187 | €3,082 | €12,147 | -€33,504 | ▼ 376% |
| Income taxes67/77 | €672 | €1,419 | €1,805 | €4,590 | €301 | ▼ 93.4% |
| Profit (loss) for the period9904 | €8,349 | €6,768 | €1,277 | €7,557 | -€33,805 | ▼ 547% |
| Profit (loss) for the period to be appropriated9905 | €8,349 | €6,768 | €1,277 | €7,557 | -€33,805 | ▼ 547% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,297 | €47,222 | €45,829 | €67,346 | €25,566 | ▼ 62.0% |
| Formation expenses20 | €608 | €456 | €304 | €152 | €152 | = |
| Fixed assets21/28 | €9,934 | €8,757 | €7,279 | €8,271 | €9,420 | ▲ 13.9% |
| Tangible fixed assets22/27 | €9,934 | €8,757 | €7,279 | €4,371 | €5,520 | ▲ 26.3% |
| Plant, machinery and equipment23 | - | €4,864 | €2,729 | €1,791 | €4,550 | ▲ 154% |
| Furniture and vehicles24 | - | €3,172 | €2,550 | €1,174 | €160 | ▼ 86.4% |
| Other tangible fixed assets26 | - | €721 | €2,000 | €1,405 | €811 | ▼ 42.3% |
| Financial fixed assets28 | - | - | - | €3,900 | €3,900 | = |
| Current assets29/58 | €31,755 | €38,008 | €38,247 | €58,923 | €15,994 | ▼ 72.9% |
| Amounts receivable within one year40/41 | €18,547 | €6,987 | €5,048 | €13,483 | €12,878 | ▼ 4.5% |
| Trade receivables40 | - | €6,983 | €4,946 | €10,765 | €1,993 | ▼ 81.5% |
| Other amounts receivable41 | - | €4 | €102 | €2,718 | €10,885 | ▲ 301% |
| Cash at bank and in hand54/58 | €13,037 | €31,021 | €31,201 | €39,854 | €2,036 | ▼ 94.9% |
| Deferred charges and accrued income490/1 | - | €0 | €1,998 | €5,586 | €1,081 | ▼ 80.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,297 | €47,222 | €45,829 | €67,346 | €25,566 | ▼ 62.0% |
| Equity10/15 | €20,590 | €27,358 | €28,634 | €36,192 | €2,387 | ▼ 93.4% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | - | €18,634 | €26,192 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €18,634 | €26,192 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €10,590 | €17,358 | €0 | - | -€7,613 | - |
| Amounts payable17/49 | €21,707 | €19,864 | €17,195 | €31,154 | €23,180 | ▼ 25.6% |
| Amounts payable after more than one year17 | €12,034 | €8,873 | €5,563 | €3,444 | €0 | ▼ 100% |
| Financial debts170/4 | - | €8,873 | €5,563 | €3,444 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €9,673 | €10,991 | €11,632 | €27,711 | €23,180 | ▼ 16.4% |
| Current portion of amounts payable after more than one year42 | - | €3,161 | €3,310 | €6,553 | €3,444 | ▼ 47.5% |
| Financial debts43 | - | €150 | €1,679 | €1,672 | €7,712 | ▲ 361% |
| Credit institutions430/8 | - | €150 | €1,679 | €1,672 | €7,712 | ▲ 361% |
| Trade debts44 | €2,318 | €1,204 | €1,332 | €3,883 | €1,028 | ▼ 73.5% |
| Suppliers440/4 | - | €1,204 | €1,332 | €3,883 | €1,028 | ▼ 73.5% |
| Taxes, remuneration and social security45 | - | €6,223 | €4,889 | €15,603 | €10,997 | ▼ 29.5% |
| Taxes450/3 | - | €6,223 | €4,889 | €15,603 | €10,997 | ▼ 29.5% |
| Other amounts payable47/48 | - | €253 | €422 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,349 | €6,768 | €1,277 | €7,557 | -€33,805 | ▼ 547% |
| + Depreciation and write-downs630 | €5,906 | €7,844 | €4,690 | €4,262 | €3,342 | ▼ 21.6% |
| Operating cash flow (approximation) | €14,255 | €14,612 | €5,966 | €11,819 | -€30,463 | ▼ 358% |
| Investment in fixed assets (approximation) | - | -€6,668 | -€3,211 | -€5,254 | -€4,491 | ▲ 14.5% |
| Change in cash | - | €17,984 | €179 | €8,653 | -€37,818 | ▼ 537% |
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
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 364 days late
2024
31-12
Financial
Weakest financial yearnet -€33,805
Net result drops to -€33,805, the lowest in the series.
09-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 131 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €8,349 ▲273%
Net result €8,349, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 3.28
Current ratio from 1.14 to 3.28; short-term debt falls from €18,853 to €9,673.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Geraardsbergen · 2 establishment units since 2019
Ground area
1,400 m²
Building footprint
672 m²
Volume, LiDAR
3,445 m³
2 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Pixelrush
since 20192.297.154.592
Pixelrush
since 20242.355.504.943
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41070A0087/00H000 | Flanders | 1,144 m² | 1 · 524 m² | 7.3 m · 2 fl. |
| 41041A0231/02C000 | Flanders | 256 m² | 1 · 148 m² | 7.2 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.
Similar companies · same sector, comparable size
Luca Salvatore
BE 0789.770.337
Hasselt · Eq €2,396
HERRING HILL PRODUCTION
BE 0840.955.950
Sint-Jans-Molenbeek · Eq €2,410
STDS
BE 0806.219.557
Geer · Eq €2,290
XD Colorgrading Flanders
BE 1024.196.175
De Haan · Eq €2,599
Flame Lab
BE 1007.082.110
Antwerpen · Eq €2,085
Of 2,583 companies in sector 59113 we hold annual accounts for 703. 187 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
Founded16-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
59113Video and film production, excluding cinema and television films
18130Pre-press and pre-media services
59120Post-production of films, video and television programmes
59130Motion picture, video and television programme production, sound recording and music publishing activities
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Contact
Website
www.pixelrush.euGeraardsbergen
E-mail
nick@pixelrush.euGeraardsbergen
Phone
+32484130977Geraardsbergen
Scores and ratios are computed by Checked and are not a credit decision.