Equity
€366,299 ▼ 10.4%
SHADOW PROJECTION paid out €100,000 in dividends. That is 173% of the 2025 profit.
SHADOW PROJECTION
Lifetime
20 annual accounts with figures on one time axispeak €299,368 (2024)
€261,616▼ 12.6%
lowest -€10,672 (2010)
€57,670▼ 35.3%
peak €408,629 (2024)
€366,299▼ 10.4%
€276,714▲ 21.7%
peak 5 FTE (2010)
2.5 FTEunchanged
Board1 name since 2015
1 director
Owners
100%
Documentsfilings and deeds
31-03-2026122 days before the deadline
2025financial year
Gross margin from €299,368 to €261,616Result from €89,203 to €57,670Dividend €100,000Debts from €227,454 to €276,714Cash from €190,659 to €271,745
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 31,356 companies had the same profile as SHADOW PROJECTION has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 31,356 companies, not a prediction for SHADOW PROJECTION. 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
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Signals
Board and ownership
Director, since 02-12-2015
- 100%score equity €584,339 (2025) · 30-09-2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0880905894
Change of role: , from manager to director
Director discharge: (manager) · Gazette deed
First establishment
de Hinnisdaellaan 17-19, Woluwe-Saint-Pierre
Incorporation
published on 05-05-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SHADOW PROJECTION Woluwe-Saint-Pierre | - | - | 57.0% | 2.5 |
| FRATELLI RASTELLI Geel | - | - | 53.7% | 3 |
| LUMIERE CINEMA Ghent | €996,473 | 14.1% | 40.9% | 3.1 |
| CINE ARLON Arlon | - | - | 44.4% | 3.6 |
| FOR&VER Mouscron | - | - | 17.8% | 5.1 |
| Arbemax Brussels | - | - | 70.2% | - |
| ALBORE Schaerbeek | €207,013 | 28.9% | 80.5% | - |
These companies have the same main activity as SHADOW PROJECTION: motion picture, video and television programme production, sound recording and music publishing activities (NACE 59140). They are comparable in size and age: total assets between €454,000 and €1.5m, founded between 1997 and 2011.
Official details
Source: KBO- Status
- Active since 25-04-2006Normal situation
- Activity
- Motion picture, video and television programme production, sound recording and music publishing activitiesNACE 59140
- Joint committee
- 303Film industry · annual accounts 2025
- Establishment unit
- 2.153.398.4161150 Woluwe-Saint-Pierre, since 01-07-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 26-08-2025
Annual accounts 2025
- €643,013▲ 1.1%
- Employeeson 31-12-2025
- 3▼ 25.0%
- Filing
- Filed on 31-03-2026, 122 days before the end of the filing period
Insights on SHADOW PROJECTION
SHADOW PROJECTION has existed since 2006. The gross margin fell from €285,039 in 2019 to €95,693 in 2020 and staff from 2.8 to 2 full-time equivalents.
Solvency fell in 2025 from 64.2% to 57.0% because of the dividend and higher debts to suppliers.
holds all the shares.
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 SHADOW PROJECTION
- What is the company number of SHADOW PROJECTION?
- The company number of SHADOW PROJECTION is 0880.905.894. The VAT number is the same number with BE in front: BE 0880.905.894.
- Where is SHADOW PROJECTION based?
- The registered office is at de Hinnisdaellaan 17 19, 1150 Woluwe-Saint-Pierre.Company details
- What does SHADOW PROJECTION do?
- According to the KBO register, the main activity is motion picture, video and television programme production, sound recording and music publishing activities (NACE 59140).
- What is the legal form of SHADOW PROJECTION?
- SHADOW PROJECTION is a private limited company (BV).
- When was SHADOW PROJECTION founded?
- SHADOW PROJECTION was founded on 25-04-2006.
- Is SHADOW PROJECTION still active?
- Yes, SHADOW PROJECTION is an active enterprise in the KBO register.
- How many employees does SHADOW PROJECTION have?
- SHADOW PROJECTION had an average of 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SHADOW PROJECTION fall under?
- In its 2025 annual accounts, SHADOW PROJECTION states joint committee 303 (Film industry).
- What is the turnover of SHADOW PROJECTION?
- The turnover in financial year 2025 is ≈ €620,000. This figure is estimated from the gross margin of €261,616 and 2,274 comparable companies of the same size. It probably lies between €370,000 and €1.0m. It is a rough estimate.
- Is SHADOW PROJECTION profitable?
- In financial year 2025, SHADOW PROJECTION made a profit of €57,670.
- Where can I find the annual accounts of SHADOW PROJECTION?
- SHADOW PROJECTION filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SHADOW PROJECTION due?
- SHADOW PROJECTION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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