TV PROJECTS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-06-2026 PDF all 5 filings
2021 to 2025, 5 financial years
The operating result for 2025 is 13% lower than in 2024 and the lowest since 2021. It is the fourth fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,038 | €77,111 | €3,033 | €1,441 | €12,748 |
| Intangible fixed assets | €20,000 | - | - | - | - |
| Depreciation and write-downs of the year | €3,766 | €18,836 | €20,911 | €21,537 | €8,722 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,766 | €18,836 | €20,911 | €21,537 | €8,722 | ▼ 59.5% |
| Other operating charges640/8 | €125 | €609 | €958 | €935 | €1,163 | ▲ 24.3% |
| Non-recurring operating charges66A | - | - | €735 | - | - | - |
| Gross operating margin9900 | €82,093 | €57,145 | €52,884 | €52,442 | €36,078 | ▼ 31.2% |
| Operating profit (loss)9901 | €78,202 | €37,700 | €30,279 | €29,970 | €26,194 | ▼ 12.6% |
| Financial income75/76B | €1 | €1 | €0 | €1 | €0 | ▼ 99.2% |
| Recurring financial income75 | €1 | €1 | €0 | €1 | €0 | ▼ 99.2% |
| Financial charges65/66B | €222 | €740 | €482 | €308 | €326 | ▲ 5.9% |
| Recurring financial charges65 | €222 | €740 | €482 | €308 | €326 | ▲ 5.9% |
| Profit (loss) for the period before taxes9903 | €77,981 | €36,961 | €29,798 | €29,663 | €25,868 | ▼ 12.8% |
| Income taxes67/77 | €16,860 | €7,303 | €6,500 | €6,686 | €6,031 | ▼ 9.8% |
| Profit (loss) for the period9904 | €61,121 | €29,659 | €23,298 | €22,977 | €19,836 | ▼ 13.7% |
| Profit (loss) for the period to be appropriated9905 | €61,121 | €29,659 | €23,298 | €22,977 | €19,836 | ▼ 13.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86,410 | €163,420 | €150,315 | €147,534 | €97,722 | ▼ 33.8% |
| Fixed assets21/28 | €20,272 | €73,270 | €54,656 | €34,560 | €15,896 | ▼ 54.0% |
| Intangible fixed assets21 | €16,984 | €12,984 | €8,984 | €4,984 | €984 | ▼ 80.3% |
| Tangible fixed assets22/27 | €3,288 | €60,286 | €45,673 | €29,577 | €14,913 | ▼ 49.6% |
| Land and buildings22 | - | - | - | - | €8,712 | - |
| Furniture and vehicles24 | €3,288 | €14,904 | €12,956 | €9,524 | €6,201 | ▼ 34.9% |
| Leasing and similar rights25 | - | €45,382 | €32,717 | €20,052 | - | - |
| Current assets29/58 | €66,138 | €90,150 | €95,659 | €112,974 | €81,826 | ▼ 27.6% |
| Stocks and contracts in progress3 | - | - | €466 | €516 | €450 | ▼ 12.8% |
| Stocks30/36 | - | - | €466 | €516 | €450 | ▼ 12.8% |
| Amounts receivable within one year40/41 | - | €14,741 | €12,239 | €12,259 | €9,985 | ▼ 18.5% |
| Trade receivables40 | - | €1,534 | €1,698 | - | €96 | - |
| Other amounts receivable41 | - | €13,207 | €10,542 | €12,259 | €9,889 | ▼ 19.3% |
| Cash at bank and in hand54/58 | €64,720 | €73,712 | €81,317 | €98,560 | €69,614 | ▼ 29.4% |
| Deferred charges and accrued income490/1 | €1,417 | €1,697 | €1,636 | €1,639 | €1,776 | ▲ 8.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86,410 | €163,420 | €150,315 | €147,534 | €97,722 | ▼ 33.8% |
| Equity10/15 | €62,121 | €91,780 | €115,077 | €68,054 | €40,890 | ▼ 39.9% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €61,121 | €90,780 | €114,000 | €67,000 | €39,800 | ▼ 40.6% |
| Distributable reserves133 | €61,121 | €90,780 | €114,000 | €67,000 | €39,800 | ▼ 40.6% |
| Profit (loss) carried forward14 | - | - | €77 | €54 | €90 | ▲ 66.3% |
| Amounts payable17/49 | €24,289 | €71,640 | €35,237 | €79,480 | €56,832 | ▼ 28.5% |
| Amounts payable after more than one year17 | - | €25,609 | €9,607 | - | - | - |
| Financial debts170/4 | - | €25,609 | €9,607 | - | - | - |
| Amounts payable within one year42/48 | €24,289 | €46,032 | €25,630 | €79,480 | €56,832 | ▼ 28.5% |
| Current portion of amounts payable after more than one year42 | - | €15,629 | €15,761 | €9,367 | - | - |
| Financial debts43 | - | €4,014 | - | - | - | - |
| Other loans439 | - | €4,014 | - | - | - | - |
| Trade debts44 | €710 | €1,273 | €1,258 | €2,360 | €8,712 | ▲ 269% |
| Suppliers440/4 | €710 | €1,273 | €1,258 | €2,360 | €8,712 | ▲ 269% |
| Taxes, remuneration and social security45 | €18,360 | €18,360 | €2,500 | - | - | - |
| Taxes450/3 | €18,360 | €18,360 | €2,500 | - | - | - |
| Other amounts payable47/48 | €5,218 | €6,755 | €6,112 | €67,752 | €48,120 | ▼ 29.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,121 | €29,659 | €23,298 | €22,977 | €19,836 | ▼ 13.7% |
| + Depreciation and write-downs630 | €3,766 | €18,836 | €20,911 | €21,537 | €8,722 | ▼ 59.5% |
| Operating cash flow (approximation) | €64,887 | €48,494 | €44,209 | €44,514 | €28,558 | ▼ 35.8% |
| Investment in fixed assets (approximation) | - | -€71,834 | -€2,298 | -€1,441 | €9,942 | - |
| Change in cash | - | €8,992 | €7,605 | €17,243 | -€28,945 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as TV PROJECTS 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
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TV PROJECTS itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 26,972 companies, not a prediction for TV PROJECTS. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-06-2026 | 2026-00142001 | |
| 31-12-2024 | micro format | 10-06-2025 | 2025-00143814 | |
| 31-12-2023 | micro format | 03-06-2024 | 2024-00112781 | |
| 31-12-2022 | micro format | 30-05-2023 | 2023-00107531 | |
| 31-12-2021 | micro format | 01-06-2022 | 2022-20052384 |