Shadow
Open bankruptcyA bankruptcy procedure is open for Shadow according to publications in the Belgian State Gazette; curator: THOMAS VULHOPP.
Summary
The 2017 annual accounts show equity of €19,687 and a net result of -€1,845.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 24 April 2025
- Supervising judge
- Thierry Gorjanc
- Official Gazette
- 02-05-2025 (pdf) ↗search the document for 2025/118527
Deadlines
- Appeal or third-party opposition until
- passed on 17 May 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 24 May 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 5 June 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 24 April 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Thomas VulhoppRue De Clairvaux 40, 1348 Louvain-La-Neuvethomas.vulhopp@walk.law
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 29-06-2018, 32 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Specialised image, lighting and sound technical services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2017, micro schema
Turnover
€74,823▼ 4.9%
2015 · €78,680
EBIT margin
3.4%▲ 4.9pp
2015 · -1.5%
Net result
-€1,845▼ 185%
2016 · -€648
Working capital
€4,218
2016 · -€2,785
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
Line20132014201520162017
Turnover€72,722-€85,943▲ 18.2%€78,680▼ 8.5%€74,823▼ 4.9%
Operating result€4,828-€13,792▲ 186%-€1,172€2,568-€581
Net result€2,126-€8,353▲ 293%-€3,290-€648▲ 80.3%-€1,845▼ 185%
EBIT margin6.6%-16.0%▲ 9.4pp-1.5%▼ 17.5pp3.4%▲ 4.9pp
Equity€17,116-€25,469▲ 48.8%€22,179▼ 12.9%€21,532▼ 2.9%€19,687▼ 8.6%
Total assets€64,866-€70,319▲ 8.4%€70,124▼ 0.3%€44,660▼ 36.3%€46,108▲ 3.2%
Debt€47,750-€44,850▼ 6.1%€47,945▲ 6.9%€23,129▼ 51.8%€26,421▲ 14.2%
Working capital€5,099-€8,613▲ 68.9%-€2,758-€2,785▼ 1.0%€4,218
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2017: a loss of €581 after €2,568 in 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €46,108
Fixed assets
€15,468 ▼ 46.2%
Current assets
€30,640 ▲ 92.5%
Equity and liabilities €46,108
Equity
€19,687 ▼ 8.6%
Debt
€26,421 ▲ 14.2%
Debt's share of the balance-sheet total rises from 51.8% to 57.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12,691▼
2016 · €17,148
Cash flow
€11,427▼
2016 · €13,933
Current ratio
1.16▲
2016 · 0.85
ROE
-9.4%▼
2016 · -3.0%
ROA
-4.0%▼
2016 · -1.5%
Debt ≤ 1 year
€26,421▲
2016 · €18,705
Income taxes
€992▲
2016 · €799
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €72,722 | €85,943 | €78,680 | €74,823 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,349 | €10,917 | €13,646 | €14,580 | €13,272 | ▼ 9.0% |
| Gross operating margin9900 | €16,513 | €27,532 | €14,191 | €17,983 | €12,691 | ▼ 29.4% |
| Operating profit (loss)9901 | €4,828 | €13,792 | -€1,172 | €2,568 | -€581 | ▼ 123% |
| Recurring financial income75 | - | €2 | €0 | €0 | €914 | ▲ 609,440% |
| Recurring financial charges65 | €951 | €1,669 | €2,013 | €2,417 | €1,185 | ▼ 50.9% |
| Profit (loss) for the period before taxes9903 | €3,877 | €12,125 | -€3,185 | €151 | -€852 | ▼ 663% |
| Income taxes67/77 | €1,751 | €3,772 | €105 | €799 | €992 | ▲ 24.2% |
| Profit (loss) for the period9904 | €2,126 | €8,353 | -€3,290 | -€648 | -€1,845 | ▼ 185% |
| Profit (loss) for the period to be appropriated9905 | €2,126 | €8,353 | -€3,290 | -€648 | -€1,845 | ▼ 185% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,866 | €70,319 | €70,124 | €44,660 | €46,108 | ▲ 3.2% |
| Fixed assets21/28 | €45,287 | €40,816 | €39,285 | €28,741 | €15,468 | ▼ 46.2% |
| Tangible fixed assets22/27 | €45,287 | €40,816 | €39,285 | €28,741 | €15,468 | ▼ 46.2% |
| Current assets29/58 | €19,579 | €29,503 | €30,839 | €15,920 | €30,640 | ▲ 92.5% |
| Amounts receivable within one year40/41 | €17,009 | €19,567 | €30,665 | €15,740 | €28,012 | ▲ 78.0% |
| Cash at bank and in hand54/58 | €2,405 | €9,768 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,866 | €70,319 | €70,124 | €44,660 | €46,108 | ▲ 3.2% |
| Equity10/15 | €17,116 | €25,469 | €22,179 | €21,532 | €19,687 | ▼ 8.6% |
| Contributions10/11 | €14,990 | €14,990 | €14,990 | €14,990 | €14,990 | = |
| Reserves13 | €2,126 | €10,479 | €7,189 | €6,542 | €6,542 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€1,845 | - |
| Amounts payable17/49 | €47,750 | €44,850 | €47,945 | €23,129 | €26,421 | ▲ 14.2% |
| Amounts payable after more than one year17 | €33,270 | €23,960 | €14,348 | €4,424 | - | - |
| Amounts payable within one year42/48 | €14,480 | €20,890 | €33,597 | €18,705 | €26,421 | ▲ 41.3% |
| Trade debts44 | €2,102 | €2,987 | €6,078 | - | - | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,126 | €8,353 | -€3,290 | -€648 | -€1,845 | ▼ 185% |
| + Depreciation and write-downs630 | €9,349 | €10,917 | €13,646 | €14,580 | €13,272 | ▼ 9.0% |
| Operating cash flow (approximation) | €11,475 | €19,271 | €10,356 | €13,933 | €11,427 | ▼ 18.0% |
| Investment in fixed assets (approximation) | - | -€6,446 | -€12,116 | -€4,036 | €0 | ▲ 100% |
| Change in cash | - | €7,364 | - | - | - | - |
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
2025
02-05
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 24-04-2025
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 41 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
2015
31-12
Financial
Weakest financial yearnet -€3,290
Net result drops to -€3,290, the lowest in the series.
07-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 7 days late
2014
31-12
Financial
Highest result since 2013net €8,353 ▲293%
Operating result €13,792, net result €8,353, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Braine-l'Alleud · 1 establishment unit since 2013
Ground area
393 m²
Building footprint
91 m²
Parcel 25744D0293/00K005, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SHADOW
since 20132.215.105.064
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25744D0293/00K005 | Wallonia | 393 m² | 1 · 90 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THOMAS VULHOPP RUE DE CLAIRVAUX 40,
1348 LOUVAIN-LA-NEUVE |
24-04-2025 → present |
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Of 3,395 companies in sector 90393 we hold annual accounts for 942. 630 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 (pre-2019)
Founded18-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
59113Video and film production, excluding cinema and television films
59114Motion picture, video and television programme production, sound recording and music publishing activities
74120Graphic design and visual communication
74130Interior design
74140Other specialised design activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.