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REAL FILMS

Active Private limited companyfounded 2019active for 7 yearsChaussée de Bruxelles 102, 1410 WaterlooKBO/BCE: BE 0727.931.055 #3 company by equity in Waterloo, Publishing and media sector

Lifetime

6 annual accounts with figures on one time axis
peak €301,294 (2023)
€198,401▲ 1.9%
peak €204,503 (2023)
€134,777▼ 6.3%
peak €552,833 (2025)
€552,833▲ 32.2%
€84,798▼ 76.8%
Board1 name since 2024
1 directorGUEZ Philippe
Documentsfilings and deeds
21-08-202621 days late
2025micro format
Equity from €418,056 to €552,833Debts from €365,269 to €84,798Cash from €675,830 to €434,747

Key points

from the 2025 annual accounts

Equity

€552,833 ▲ 32.2%

REAL FILMS has made a profit in every financial year since 2020.

Turnover

≈ €500,000 estimated

The micro format states no turnover.

Liquidity

6.96 was 1.98 in 2024

Short-term debts fell from €364,643 to €84,798.

Filings

6 annual accounts 6 late
AprilJune31 JulyOctober202020222024

The 2021 accounts came latest: 102 days after the end of the period.

Position in the sector

€134,777

Higher net result than 95% of companies in film, video and music. Sector median €5,451 · 1,872 companies.

Checked score

96
Excellent
Financially stronger than 85% of micro companies in film, video and music (NACE 59)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 2,575 companies (NACE 59, micro).

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.8%▲ +0.4 percentage points vs 07-2025 09-2025: 1.2%▲ +0.4 percentage points vs 08-2025highest value 10-2025: 0.2%▼ -1.0 percentage point vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.1%▼ -0.1 percentage points vs 06-2026 08-2026: 0.3%▲ +0.2 percentage points vs 07-2026 09-2026: 0.1%▼ -0.2 percentage points vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

100+22equity 86.7% of total assets
98+21short-term debt 13.3% · cash 68.2%
95+3return on assets 21.1%

Score breakdown

raises risk
Last filed accounts filed 21 days late; 2 of the last 3 accounts late
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 6.96, cash €434,747
Sector: Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 59, micro). It does better than 89% of them on solvency, 92% on liquidity, 80% on profitability and 79% on growth.

The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 6,782 companies had the same profile as REAL FILMS has now. Each dot stands for 17 companies, two years later.

96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of REAL FILMS itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,782 companies, not a prediction for REAL FILMS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €50,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 6.96 (1.98 in 2024), above the usual 1.5. Short-term debt is 13.3% and cash 68.2% of total assets. 13.3% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 6.96, cash €434,747
NBB · annual accounts
raises risk · Last filed accounts filed 21 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Sector: Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filings
Deviation from the deadline
2025
21 days late
2024
55 days late
2023
92 days late
2022
78 days late
2021
102 days late
2020
51 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 67 days after the deadline. In the sector (NACE 59), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

GP
GUEZ Philippe
Director
Board & ownership

Recent changes

Registered-office move Board meeting of 13-07-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0727931055
Registered office moved from Uccle to Ixelles New registered office: Avenue de l'Hippodrome, 33 à 1050 Ixelles · Previous registered office: Avenue Brugmann, 375 à 1180 Uccle · Gazette deed
Incorporation published on 13-06-2019 · Gazette deed
All 15 events

Comparable companies

same main activity, similar in size and age
Company
REAL FILMS Waterloo €0.6m €198,401 86.7% -
Panter Olen €0.6m €238,396 90.9% -
SONDR Ixelles €0.5m €162,518 75.7% -
EDISONS Lievegem €0.6m €259,092 14.5% 2.3
MAINFRAME Antwerp €0.7m €124,665 20.0% -
VFXCHRISUME Beringen €0.4m €185,403 76.0% -
LA NOTTE Ixelles €1.2m €215,058 49.7% -

These companies have the same main activity as REAL FILMS: post-production of films, video and television programmes (NACE 59120). They are comparable in size and age: total assets between €433,000 and €1.2m, founded between 2017 and 2021.

Official details

Source: KBO
Status
Active since 11-06-2019Normal situation
Registered office
76 active companies are registered at this address6 started in the 12 months before. Source: KBO register, as of 8 November 2026.
Activity
Post-production of films, video and television programmesNACE 59120and 1 other
Establishment unit
2.308.104.7061000 Brussels, since 11-06-2019
Financial year end
31 December
Peppol
Reachable since 01-10-2025
Company details

Annual accounts 2025

€637,631▼ 18.6%
Filing
Filed on 21-08-2026
Financials

Insights on REAL FILMS

REAL FILMS files the micro format. That format states no turnover. The gross margin rose from €184,590 in 2020 to €198,401 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about REAL FILMS

What is the company number of REAL FILMS?
The company number of REAL FILMS is 0727.931.055. The VAT number is the same number with BE in front: BE 0727.931.055.
Where is REAL FILMS based?
The registered office is at Chaussée de Bruxelles 102, 1410 Waterloo.Company details
What does REAL FILMS do?
According to the KBO register, the main activity is post-production of films, video and television programmes (NACE 59120).
What is the legal form of REAL FILMS?
REAL FILMS is a private limited company (BV).
When was REAL FILMS founded?
REAL FILMS was founded on 11-06-2019.
Is REAL FILMS still active?
Yes, REAL FILMS is an active enterprise in the KBO register.
What is the turnover of REAL FILMS?
The turnover in financial year 2025 is ≈ €500,000. This figure is estimated from the gross margin of €198,401 and 2,207 comparable companies of the same size. It probably lies between €330,000 and €770,000. It is a rough estimate.Financials
Is REAL FILMS profitable?
In financial year 2025, REAL FILMS made a profit of €134,777.
Where can I find the annual accounts of REAL FILMS?
REAL FILMS filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of REAL FILMS due?
REAL FILMS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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