Equity
€401,658 from €679,938 in 2010
Equity fell by 41% in 15 years.
SEBELKO
Lifetime
20 annual accounts with figures on one time axis, 40 filings since 1984peak €99,471 (2019)
€98,479▲ 38.1%
lowest -€66,072 (2013)
-€10,747▲ €26,950
peak €679,938 (2010)
€401,658▼ 2.6%
€826,081▼ 1.3%
Board1 name since 2021
1 directorElke THIJS
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €71,286 to €98,479Loss of €10,747Cash from €106,953 to €190,789
Key points
from the 2025 annual accountsLosses
-€99,552 in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
Turnover
≈ €300,000 estimated
The micro format states no turnover.
Investments
€8,350 0.1 × depreciation
Green is investment, beige is depreciation.
Filings
40 annual accounts since 1984
The last five annual accounts were filed 14 to 32 days before the end of the period.
Position in the sector
€401,658
More equity than 93% of companies in film, video and music. Sector median €41,815 · 1,873 companies.
Checked score
93
Excellent
Financially stronger than 46% 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 2,578 companies (NACE 59, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €1.2m
Founded in 1983
Figures for financial year 2025 (filed on 29-06-2026)
Liquidity: current ratio 0.89, cash €190,789
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 41% of them on solvency, 59% on liquidity, 42% on profitability and 43% 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 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, 8,617 companies had the same profile as SEBELKO has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SEBELKO itself: < 0.1% 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 8,617 companies, not a prediction for SEBELKO. 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 €35,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.89 (0.55 in 2024), below 1. Short-term debt is 18.2% and cash 15.5% of total assets. 67.3% 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
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€10,747
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
14 days early
2023
16 days early
2022
17 days early
2021
20 days early
2020
39 days early
2019
53 days early
← 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 27 days before 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 14 July (5 of the last 5 accounts filed within 30 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
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0423753705
Change of role: Elke THIJS, from statutory manager to statutory director
Gazette deed
First establishment
Leo Tertzweillaan 41, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SEBELKO Ghent | €1.2m | €98,479 | 32.7% | - |
| GROUPE ICP Ixelles | €0.7m | €132,426 | -25.4% | 2.3 |
| MOTORMUSIC Mechelen | €0.4m | €112,584 | 12.2% | - |
| HELSINKI Antwerp | €1.0m | €110,846 | 20.5% | - |
| NEWS PUBLISHING Ghent | €0.3m | €164,597 | 49.7% | - |
| LA VITA E MEDIA Evere | €1.6m | €483,431 | 70.9% | 2 |
| Brainstorm Electronics Europe Ixelles | €1.0m | €503,847 | 90.5% | - |
These companies have the same main activity as SEBELKO: motion picture, video and television programme production, sound recording and music publishing activities (NACE 59202). They are comparable in size and age: total assets between €339,000 and €1.6m, founded between 1966 and 2008.
Official details
Source: KBO- Status
- Active since 21-02-1983Normal situation
- Activity
- Motion picture, video and television programme production, sound recording and music publishing activitiesNACE 59202and 2 others
- Establishment unit
- 2.021.942.0369050 Ghent, since 21-02-1983
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- €1.2m▼ 1.7%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on SEBELKO
SEBELKO files the micro format. That format states no turnover. The gross margin rose from -€1,362 in 2006 to €98,479 in 2025.
The balance sheet grew most from 2010 to 2012 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 SEBELKO
- What is the company number of SEBELKO?
- The company number of SEBELKO is 0423.753.705. The VAT number is the same number with BE in front: BE 0423.753.705.
- Where is SEBELKO based?
- The registered office is at Leo Tertzweillaan 41, 9050 Ghent.Company details
- What does SEBELKO do?
- According to the KBO register, the main activity is motion picture, video and television programme production, sound recording and music publishing activities (NACE 59202).
- What is the legal form of SEBELKO?
- SEBELKO is a private limited company (BV).
- When was SEBELKO founded?
- SEBELKO was founded on 21-02-1983.
- Is SEBELKO still active?
- Yes, SEBELKO is an active enterprise in the KBO register.
- What is the turnover of SEBELKO?
- The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €98,479 and 2,667 comparable companies of the same size. It probably lies between €200,000 and €510,000. It is a rough estimate.Financials
- Is SEBELKO profitable?
- In financial year 2025, SEBELKO made a loss of €10,747.
- Where can I find the annual accounts of SEBELKO?
- SEBELKO filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SEBELKO due?
- SEBELKO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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