Equity
-€234,316
Debts exceed assets in financial year 2025.
SCENOGRAPHY
Lifetime
18 annual accounts with figures on one time axis, 32 filings since 1992peak €18,808 (2006)
-€29,225▲ €11,412
lowest -€69,329 (2023)
-€50,589▲ €11,215
peak €70,518 (2017)
-€234,316▼ €50,589
€481,990▲ 8.6%
Board2 names since 2000
1 directorPaul Ramlot
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from -€40,638 to -€29,225Loss of €50,589Registered office moved from Tubize to Watermael-Boitsfort 18-11Equity from -€183,728 to -€234,316Cash from €4,422 to €4
Key points
from the 2025 annual accountsLosses
-€304,835 in eight years
Every financial year from 2018 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€481,990 195% of the balance sheet
Financial debts 100%Suppliers 0%Taxes and wages 0%
Of this, €2,240 falls due within a year.
Liquidity
6.98 was 2.26 in 2024
Short-term debts fell from €5,404 to €2,240.
At the same address
232 companies
Position in the sector
-€50,589
Lower net result than 95% of companies in creative and performing arts. Sector median €6,309 · 2,484 companies.
Turnover not published (micro format)
Checked score
48
Fair
Financially stronger than 18% of micro companies in creative and performing arts (NACE 90)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.7%▼ -0.1 percentage points vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.6%▼ -0.1 percentage points vs 04-2025
06-2025: 1.5%▼ -0.1 percentage points vs 05-2025
07-2025: 1.8%▲ +0.3 percentage points vs 06-2025
08-2025: 2.0%▲ +0.2 percentage points vs 07-2025
09-2025: 2.0%● unchanged vs 08-2025
10-2025: 2.1%▲ +0.1 percentage points vs 09-2025
11-2025: 1.1%▼ -1.0 percentage point vs 10-2025lowest value
12-2025: 3.0%▲ +1.9 percentage points vs 11-2025
01-2026: 3.0%● unchanged vs 12-2025
02-2026: 3.0%● unchanged vs 01-2026
03-2026: 3.0%● unchanged vs 02-2026
04-2026: 3.0%● unchanged vs 03-2026
05-2026: 2.8%▼ -0.2 percentage points vs 04-2026
06-2026: 3.0%▲ +0.2 percentage points vs 05-2026
07-2026: 3.2%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 3.1%▼ -0.1 percentage points vs 07-2026
09-2026: 3.1%● unchanged vs 08-2026
10-2026: 3.1%● unchanged vs 09-2026
11-2026: 3.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Loss of €50,589, the second in a row (financial year 2025)
2 of the last 3 accounts late
lowers risk
Size: total assets €247,674
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 90, micro). It does better than 6% of them on solvency, 38% on liquidity, 7% on profitability and 20% on growth.
The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 6,619 companies had the same profile as SCENOGRAPHY has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SCENOGRAPHY itself: 3.1% within 12 months.
Test of the method
The method was tested on the 497,448 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.
| 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 6,619 companies, not a prediction for SCENOGRAPHY. 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
No credit on open account
Liquidity is ample, with a current ratio of 6.98 (2.26 in 2024), above the usual 1.5. Short-term debt is 0.9% and cash 0% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€234,316
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
67 days late
2023
31 days late
2022
31 days late
2021
31 days late
2020
43 days early
2019
39 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% 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 31 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
New establishment in Overijse
Wijngaard, Eikenlaan 36
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0445080837
Registered office moved from Tubize to Watermael-Boitsfort
New registered office: chaussée de la Hulpe 150, 1170 Watermael-Boitsfort · Previous registered office: Rue Bolle 46, 1480 Tubize · Appointment: Paul RAMLOT (director) · General meeting of 17-10-2025 · Gazette deed
Resignation: Alain VAN DEN BERG (director)
Appointment: Paul RAMLOT (director) · Paul RAMLOT holds 100% of the shares · Director discharge: Alain VAN DEN BERG · General meeting of 19-05-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SCENOGRAPHY Watermael-Boitsfort | €247,674 | -€29,225 | -94.6% | - |
| A HERMES Schaerbeek | €96,773 | -€20,485 | -33.8% | - |
| BONBON DECO Lasne | €156,912 | -€5,540 | 45.3% | - |
| Circle Solutions Schilde | €360,546 | -€3,081 | 15.4% | - |
| Rebota Nazareth-De Pinte | €95,044 | -€8,075 | 43.3% | - |
| ERO-EXPO Balen | €228,022 | €2,989 | 80.9% | - |
| HOUSTON Lochristi | €98,936 | €2,041 | 94.8% | - |
These companies have the same main activity as SCENOGRAPHY: design and construction of stages and sets (NACE 90392). They are comparable in size and age: total assets between €95,000 and €361,000, founded between 1989 and 2007.
Official details
Source: KBO- Status
- Active since 12-09-1991Normal situation
- Registered office
- 233 active companies are registered at this address23 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Design and construction of stages and setsNACE 90392and 4 others
- Establishment units
- 2.054.843.9411170 Watermael-Boitsfort, since 31-10-1997
- 2.392.480.9473090 Overijse, since 01-08-2026
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Annual accounts 2025
- €247,674▼ 4.8%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on SCENOGRAPHY
SCENOGRAPHY files the micro format. That format states no turnover. The gross margin fell from €18,808 in 2006 to -€29,225 in 2025.
The balance sheet grew most from 2020 to 2021 through fixed assets.
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 SCENOGRAPHY
- What is the company number of SCENOGRAPHY?
- The company number of SCENOGRAPHY is 0445.080.837. The VAT number is the same number with BE in front: BE 0445.080.837.
- Where is SCENOGRAPHY based?
- The registered office is at Terhulpsesteenweg 150, 1170 Watermael-Boitsfort.Company details
- What does SCENOGRAPHY do?
- According to the KBO register, the main activity is design and construction of stages and sets (NACE 90392).
- What is the legal form of SCENOGRAPHY?
- SCENOGRAPHY is a private limited company (BV).
- When was SCENOGRAPHY founded?
- SCENOGRAPHY was founded on 12-09-1991.
- Is SCENOGRAPHY still active?
- Yes, SCENOGRAPHY is an active enterprise in the KBO register.
- What is the turnover of SCENOGRAPHY?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is SCENOGRAPHY profitable?
- In financial year 2025, SCENOGRAPHY made a loss of €50,589.
- Where can I find the annual accounts of SCENOGRAPHY?
- SCENOGRAPHY filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SCENOGRAPHY due?
- SCENOGRAPHY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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