Financials
- Fiscal year
- 2025
- Turnover
- €109.8m
- Loss
- -€9.4m
- Solvency
- 45.8%
Turnover▲ 1.5%
Net result
20182025
Play Media
ActiveSummary
The annual accounts of Play Media for fiscal year 2025 show a net loss of 137% of the equity at the start of that year. The 2025 annual accounts show equity of €42.5m and a net result of -€9.4m. Equity is shrinking by ~5.3% per year across the filed fiscal years. The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Programming, broadcasting, news agency and other content distribution activities
NACE 60100Programming, broadcasting, news agency and other content distribution activities NACE 60200NACE 92201
#1 company by total assets in Flemish Brabant, Publishing and media sector2 sites
Size
€109.8mturnover 2025
- Staff
- 93.2 FTE
- Equity
- €42.5m
- Loss
- -€9.4m
Structure
- Parent
- Telenet Group · 100%
- Board
- 3 members
- Holdings
- 1
Auditor: KPMG Bedrijfsrevisoren BV/SRLAccounts 50 d early
Why 55Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €9.4m, the second in a row (FY 2025)- Liquidity: current ratio 1.73, cash €141,393+ Size: turnover €109.8m, 93.2 FTE, total assets €92.8m+ Sector Programming, broadcasting, news agency and other content distribution activities (NACE 60)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 40% of its sector peers (all companies)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
71+39
equity 45.8% of total assets
Liquidity
23+10
short-term debt 52.9% · cash 0.2%
Profitability
4-3
return on assets -10.2%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 14 months
09-2025: 0.6%
10-2025: 0.6%● 0.0% vs 09-2025
11-2025: 0.6%● 0.0% vs 10-2025
12-2025: 0.6%● 0.0% vs 11-2025
01-2026: 0.6%● 0.0% vs 12-2025
02-2026: 0.5%▼ -4.3% vs 01-2026
03-2026: 0.5%▲ +2.4% vs 02-2026
04-2026: 0.5%● 0.0% vs 03-2026
05-2026: 0.5%● 0.0% vs 04-2026
06-2026: 0.6%▲ +2.2% vs 05-2026highest value
07-2026: 0.4%▼ -31.0% vs 06-2026lowest value
08-2026: 0.4%● 0.0% vs 07-2026lowest value
09-2026: 0.4%● 0.0% vs 08-2026lowest value
10-2026: 0.4%● 0.0% vs 09-2026lowest value
- Loss of €9.4m, the second in a row (FY 2025) raises the probability
- Liquidity: current ratio 1.73, cash €141,393 raises the probability
- Size: turnover €109.8m, 93.2 FTE, total assets €92.8m lowers the probability for this profile
- Sector Programming, broadcasting, news agency and other content distribution activities (NACE 60) lowers the probability
Credit up to €2,300,000 at 30 days 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 ample (current ratio 1.73 against 1.34 in 2024; short-term debt: 52.9% and cash: 0.2% of total assets), but 54.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 60%, liquidity 18%, profitability 10%, growth against the median 74%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and 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○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €42.5m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
30 d early
2023
27 d early
2022
on the day
2021
44 d early
2020
33 d early
2019
31 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% 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. Usually files around 1 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Capital & shares · Statutes amendmentReserve release · Capital decrease…
- Annual accounts filedfiscal year 2025 · full…
- Appointment: Silvia Brady (director)State Gazette act
Key points
- Risk: 3 loss-making years in a rowloss fiscal year 2025 -€9.4m View
- Positive: Equity rose in 2025from €6.9m to €42.5m ▲ 515% View
- Positive: Company by total assets in Flemish Brabant, Publishing…in the Checked rankings #1 View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by Telenet Groupknown shareholders 100% 100% View
- Board changedlatest change 27-02-2026 · 3 in office 1 joined · 1 left View
- Flemish supportawarded 2022 - 2025 €636,973 View
By topic
Board & ownership
- Board
- 3 members
- Parent
- Telenet Group · 100%
- Known shareholders
- 100%
- Auditor
- KPMG Bedrijfsrevisoren BV/SRL
Go to Board & ownership
Network & group
- Group
- LIBERTY GLOBAL LTD.
- Subsidiaries
- 1
- Connected companies
- 22
1 subsidiary
Timeline
- Events
- 53
- Since
- 2009
- Next accounts
- by 31-07-2027
- 16-07-2026Capital & shares · Statutes amendment
- 11-06-2026Annual accounts filed
- 29-05-2026Appointment: Silvia Brady (director)
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Programming, broadcasting, news agency and other content distribution…NACE 60100
- Founded
- 21-11-2000
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- Het verzorgen en exploiteren van radio- en televisieomroepprogramma's, via kabel of…
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