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TCHIC TCHAC

Active
Private limited companyfounded 2018active for 7 yearsKeizer Karelstraat 119, 1000 Brussel, BelgiumKBO/BCE: BE 0712.789.850

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 34 days after the deadline Filed on 3 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00497721.

Annual accounts 2025 filed on 03-09-2026 at the NBB all 7 filings

Turnover
≈ €490,000
Estimated: probably between €300,000 and €910,000
EBIT margin
Not included in this filing
Net result
€25,393▼ 85.4%
2024 · €174,336
Working capital
€58,368▲ 129%
2024 · €25,510
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 85% lower than in 2024.

Operating result€0.04m 2025 Net result€0.03m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.3m-€0.5m▲ 84.1%€0.2m▼ 56.2%€0.03m▼ 86.7%€0.007m▼ 76.4%€0.2m▲ 37×€0.04m▼ 84.9%
Net result€0.2m-€0.4mabove the sector's middle half▲ 86.4%€0.2mabove the sector's middle half▼ 56.1%€0.02mwithin the sector's middle half▼ 87.8%€335within the sector's middle half▼ 98.3%€0.2mabove the sector's middle half▲ 521×€0.03mwithin the sector's middle half▼ 85.4%
Equity€0.2m-€0.02mwithin the sector's middle half▼ 92.0%€0.02mbelow the sector's middle half=€0.04mwithin the sector's middle half▲ 121%€0.04mwithin the sector's middle half▲ 0.9%€0.1mwithin the sector's middle half▲ 241%€0.1mwithin the sector's middle half▲ 10.1%
Total assets€0.6m-€1.3mwithin the sector's middle half▲ 124%€1.3mwithin the sector's middle half▲ 3.8%€0.8mwithin the sector's middle half▼ 37.4%€0.5mwithin the sector's middle half▼ 33.2%€0.5mwithin the sector's middle half▼ 4.7%€0.4mwithin the sector's middle half▼ 23.2%
Debt€0.4m-€1.2m▲ 247%€1.3m▲ 3.8%€0.8m▼ 39.4%€0.5m▼ 34.8%€0.4m▼ 22.2%€0.3m▼ 33.5%
Working capital€0.2m--€0.1mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 61.8%-€0.1mbelow the sector's middle half▲ 41.8%-€0.04mbelow the sector's middle half▲ 68.7%€0.03mwithin the sector's middle half€0.06mwithin the sector's middle half▲ 129%
Solvency36.1%-1.3%below the sector's middle half▼ 34.8pp1.2%below the sector's middle half=4.4%below the sector's middle half▲ 3.1pp6.6%within the sector's middle half▲ 2.2pp23.7%within the sector's middle half▲ 17.1pp34.0%within the sector's middle half▲ 10.3pp
Current ratio1.56-0.90within the sector's middle half▼ 0.660.84within the sector's middle half▼ 0.060.84below the sector's middle half=0.91within the sector's middle half▲ 0.081.07within the sector's middle half▲ 0.151.22within the sector's middle half▲ 0.15
Return on assets (ROA)35.0%-29.1%above the sector's middle half▼ 5.9pp12.3%above the sector's middle half▼ 16.8pp2.4%within the sector's middle half▼ 9.9pp0.1%within the sector's middle half▼ 2.3pp33.6%above the sector's middle half▲ 33.5pp6.4%within the sector's middle half▼ 27.2pp
Staff (FTE)1.6-4within the sector's middle half5.4within the sector's middle half▲ 35.0%3.9within the sector's middle half▼ 27.8%2within the sector's middle half▼ 48.7%1within the sector's middle half▼ 50.0%
above within below The sector band is the middle half of the companies in Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Large changes and their cause
  • 2025 Net result -85% on 2024. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €398,953
Fixed assets €77,339 ▼ 32.9%
Current assets €321,614 ▼ 20.4%
Equity and liabilities €398,953
Equity €135,707 ▲ 10.1%
Debt €263,246 ▼ 33.5%
Debt's share of the balance-sheet total falls from 76.3% to 66.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€59,890▼
2024 · €305,671
Cash flow
€48,411▼
2024 · €235,633
Debt to equity
1.94▼
2024 · 3.21
ROE
18.7%▼
2024 · 141.4%
Interest coverage
14.81▼
2024 · over 100
Debt ≤ 1 year
€263,246▼
2024 · €378,529
Income taxes
€7,636▼
2024 · €68,503
Staff costs
€66,771▼
2024 · €147,981
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as TCHIC TCHAC: sound recording (NACE 59201). They are comparable in size and age: total assets between €365,000 and €1.1m, founded between 2014 and 2021.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
TCHIC TCHAC Brussel2018€0.4m€0.1m€0.2m€0.03m12025
BMS & IB Onhaye2021€0.6m€0.4m€0.1m€0.02m12025
HOUSE OF MEDIA Gent2018€0.4m-€0.05m€0.3m-€0.02m3.82025
VoiceProductions Group Gent2020€0.4m€0.3m€0.1m€0.04m-2025
ROUE LIBRE PRODUCTION Vorst2014€1.1m€1.0m€0.4m-€0.02m0.32025
Mountfield Collective Brugge2017€0.4m€0.2m€0.1m€0.04m-2025
Studio Sonart Rumst2016€0.5m€0.2m€0.3m€0.1m-2025

They were chosen from the 176 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 26,972 companies had the same profile as TCHIC TCHAC has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
94.9% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of TCHIC TCHAC itself: 0.7% within 12 months.

Test of the method

The method was tested on the 497,445 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 26,972 companies, not a prediction for TCHIC TCHAC. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines

Source: Annual accounts 2025 at the NBB, filed on 03-09-2026.

Balance sheet Code20242025
Assets
Total assets20/58€519,250€398,953▼
Fixed assets21/28€115,211€77,339▼
Tangible fixed assets22/27€75,669€41,714▼
Plant, machinery and equipment23€17,771€13,787▼
Furniture and vehicles24€30,272€21,588▼
Other tangible fixed assets26€27,626€6,339▼
Financial fixed assets28€39,541€35,625▼
Current assets29/58€404,039€321,614▼
Amounts receivable within one year40/41€211,888€105,470▼
Trade receivables40€211,888€78,512▼
Other amounts receivable41€0€26,958▲
Cash at bank and in hand54/58€189,311€213,592▲
Deferred charges and accrued income490/1€2,840€2,552▼
Equity and liabilities
Total equity and liabilities10/49€519,250€398,953▼
Equity10/15€123,314€135,707▲
Contributions10/11€6,200€6,200=
Reserves13€10,000€129,000▲
Non-distributable reserves130/1€10,000€10,000=
Reserves not available under the articles1311€10,000€10,000=
Distributable reserves133-€119,000
Profit (loss) carried forward14€107,114€507▼
Amounts payable17/49€395,936€263,246▼
Amounts payable after more than one year17€17,407-
Other amounts payable178/9€17,407-
Amounts payable within one year42/48€378,529€263,246▼
Trade debts44€128,628€95,317▼
Suppliers440/4€128,628€95,317▼
Taxes, remuneration and social security45€83,252€93,227▲
Taxes450/3€79,934€85,234▲
Remuneration and social security454/9€3,318€7,993▲
Other amounts payable47/48€166,649€74,702▼
Income statement Code20242025
Non-recurring operating income76A-€18,515
Remuneration, social security and pensions62€147,981€66,771▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61,297€23,018▼
Other operating charges640/8€7,144€700▼
Non-recurring operating charges66A€23,937€64,113▲
Gross operating margin9900€484,733€191,474▼
Operating profit (loss)9901€244,373€36,872▼
Financial income75/76B-€202
Recurring financial income75-€202
Financial charges65/66B€1,534€4,045▲
Recurring financial charges65€1,534€4,045▲
Profit (loss) for the period before taxes9903€242,839€33,029▼
Income taxes67/77€68,503€7,636▼
Profit (loss) for the period9904€174,336€25,393▼
Profit (loss) for the period to be appropriated9905€174,336€25,393▼
Appropriation of the result
Profit (loss) to be appropriated9906€194,282€132,507▼
Profit (loss) brought forward from the previous period14P€19,946€107,114▲
Transfer to equity691/2-€119,000
To other reserves6921-€119,000
Profit to be distributed694/7€87,168€13,000▼
Directors or managers695€87,168€13,000▼
Social balance sheet
Average headcount (FTE)90872.01.0▼

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2019202020212022202320242025Change
Non-recurring operating income76A------€18,515-
Remuneration, social security and pensions62--€190,710€406,075€318,352€147,981€66,771▼ 54.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,640€19,962€64,320€84,974€74,089€61,297€23,018▼ 62.4%
Other operating charges640/8--€5,927€2,878€8,543€7,144€700▼ 90.2%
Non-recurring operating charges66A-----€23,937€64,113▲ 168%
Gross operating margin9900€346,146€662,986€474,712€522,274€407,667€484,733€191,474▼ 60.5%
Operating profit (loss)9901€265,014€487,801€213,754€28,347€6,682€244,373€36,872▼ 84.9%
Financial income75/76B--€121€272--€202-
Recurring financial income75€634€0€121€272--€202-
Financial charges65/66B--€3,545€1,790€1,751€1,534€4,045▲ 164%
Recurring financial charges65€71€3,348€3,545€1,790€1,751€1,534€4,045▲ 164%
Profit (loss) for the period before taxes9903€265,576€484,452€210,331€26,828€4,931€242,839€33,029▼ 86.4%
Income taxes67/77€69,347€118,596€49,569€7,217€4,597€68,503€7,636▼ 88.9%
Profit (loss) for the period9904€196,229€365,856€160,761€19,611€335€174,336€25,393▼ 85.4%
Profit (loss) for the period to be appropriated9905€196,229€365,856€160,761€19,611€335€174,336€25,393▼ 85.4%
Line2019202020212022202320242025Change
Assets
Total assets20/58€0.6m€1.3m€1.3m€0.8m€0.5m€0.5m€0.4m▼ 23.2%
Fixed assets21/28€0.03m€0.1m€0.2m€0.2m€0.1m€0.1m€0.08m▼ 32.9%
Tangible fixed assets22/27€0.02m€0.1m€0.2m€0.2m€0.1m€0.08m€0.04m▼ 44.9%
Plant, machinery and equipment23--€0.08m€0.07m€0.04m€0.02m€0.01m▼ 22.4%
Furniture and vehicles24--€0.008m€0.009m€0.008m€0.03m€0.02m▼ 28.7%
Other tangible fixed assets26--€0.1m€0.1m€0.06m€0.03m€0.006m▼ 77.1%
Financial fixed assets28€0.009m€0.04m€0.04m€0.03m€0.04m€0.04m€0.04m▼ 9.9%
Current assets29/58€0.5m€1.1m€1.1m€0.6m€0.4m€0.4m€0.3m▼ 20.4%
Amounts receivable within one year40/41€0.2m€0.5m€0.5m€0.6m€0.4m€0.2m€0.1m▼ 50.2%
Trade receivables40--€0.5m€0.6m€0.4m€0.2m€0.08m▼ 62.9%
Other amounts receivable41--€0.005m€0.03m€0.03m€0€0.03m▲ 2,695,800×
Cash at bank and in hand54/58€0.4m€0.6m€0.6m€0.007m€0.009m€0.2m€0.2m▲ 12.8%
Deferred charges and accrued income490/1--€0.002m€349€0.001m€0.003m€0.003m▼ 10.1%
Equity and liabilities
Total equity and liabilities10/49€0.6m€1.3m€1.3m€0.8m€0.5m€0.5m€0.4m▼ 23.2%
Equity10/15€0.2m€0.02m€0.02m€0.04m€0.04m€0.1m€0.1m▲ 10.1%
Contributions10/11€0.006m-€0.006m€0.006m€0.006m€0.006m€0.006m=
Contributions outside capital11--€0.006m€0.006m€0.006m---
Other1109/19--€0.006m€0.006m€0.006m---
Reserves13€0.2m€0.01m€0.01m€0.01m€0.01m€0.01m€0.1m▲ 13×
Non-distributable reserves130/1--€0.01m€0.01m€0.01m€0.01m€0.01m=
Reserves not available under the articles1311--€0.01m€0.01m€0.01m€0.01m€0.01m=
Distributable reserves133------€0.1m-
Profit (loss) carried forward14€229--€0.02m€0.02m€0.1m€0.001m▼ 99.5%
Amounts payable17/49€0.4m€1.2m€1.3m€0.8m€0.5m€0.4m€0.3m▼ 33.5%
Amounts payable after more than one year17----€0.03m€0.02m--
Other amounts payable178/9----€0.03m€0.02m--
Amounts payable within one year42/48€0.3m€1.2m€1.3m€0.7m€0.4m€0.4m€0.3m▼ 30.5%
Trade debts44€0.2m€0.3m€0.3m€0.5m€0.3m€0.1m€0.1m▼ 25.9%
Suppliers440/4--€0.3m€0.5m€0.3m€0.1m€0.1m▼ 25.9%
Taxes, remuneration and social security45--€0.3m€0.1m€0.04m€0.08m€0.09m▲ 12.0%
Taxes450/3--€0.2m€0.08m€0.02m€0.08m€0.09m▲ 6.6%
Remuneration and social security454/9--€0.05m€0.05m€0.03m€0.003m€0.008m▲ 141%
Other amounts payable47/48--€0.7m€0.08m€0.08m€0.2m€0.07m▼ 55.2%
Accrued charges and deferred income492/3--€0.01m€0.05m€0.05m---
Line2019202020212022202320242025Change
Profit (loss) for the period9904€196,229€365,856€160,761€19,611€335€174,336€25,393▼ 85.4%
+ Depreciation and write-downs630€3,640€19,962€64,320€84,974€74,089€61,297€23,018▼ 62.4%
Operating cash flow (approximation)€199,869€385,818€225,081€104,585€74,424€235,633€48,411▼ 79.5%
Investment in fixed assets (approximation)--€136,545-€154,718-€60,218-€12,115-€29,426€14,854-
Change in cash-€193,870-€20,929-€543,619€1,353€180,777€24,281▼ 86.6%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (7)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 03-09-2026 2026-00497721 NBB
31-12-2024 full format 07-07-2025 2025-00236661 PDF
31-12-2023 full format 20-09-2024 2024-00472140 PDF
31-12-2022 full format 31-08-2023 2023-00419741 PDF
31-12-2021 full format 10-06-2022 2022-20055553 PDF
31-12-2020 full format 22-03-2022 2022-08200023 PDF
31-12-2019 micro format 29-12-2020 2020-77300586 PDF

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