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VERSUS (OPUS)

Active Private limited companyfounded 2024active for 2 yearsQuai Godefroid-Kurth 10, 4020 LiègeKBO/BCE: BE 1013.193.011 #5 company by total assets in the province of Liège, Film, video and music sector

Lifetime

1 annual account with figures
peak €115,811 (2025)
€115,811 
peak €15,399 (2025)
€15,399 
peak €25,399 (2025)
€25,399 
€8.9m 
peak 0.5 FTE (2025)
0.5 FTE 
Board4 names since 2024
2 directors921 SRL and 1 other
Documentsfilings and deeds
17-07-202614 days before the deadline
2025abbreviated format
First year with figures

Key points

from the 2025 annual accounts

Turnover

≈ €290,000 estimated

The abbreviated format states no turnover.

Debts

€8.9m 100% of the balance sheet
Suppliers 4%Taxes and wages 0%Other 96%

Position in the sector

0.3%

Lower solvency than 80% of companies in film, video and music. Sector median 32.3% · 508 companies.

Checked score

53
Fair
Financially stronger than 16% of micro companies in film, video and music (NACE 59)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 2,578 companies (NACE 59, micro).

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 10-2025: 1.0%lowest value 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.1%▲ +0.1 percentage points vs 11-2025 01-2026: 1.2%▲ +0.1 percentage points vs 12-2025 02-2026: 1.3%▲ +0.1 percentage points vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.5%▲ +0.2 percentage points vs 03-2026 05-2026: 1.5%● unchanged vs 04-2026 06-2026: 1.4%▼ -0.1 percentage points vs 05-2026 07-2026: 1.4%● unchanged vs 06-2026 08-2026: 1.6%▲ +0.2 percentage points vs 07-2026 09-2026: 1.7%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 1.7%● unchanged vs 09-2026 11-2026: 1.7%● unchanged vs 10-2026

Financial strength
Weak

25equity 0.3% of total assets
0short-term debt 99.7% · cash 0.1%
38return on assets 0.2%

Score breakdown

raises risk
Liquidity: current ratio 1.00, cash €7,570
Founded in 2024
Equity €25,399 (0.3% of total assets)
lowers risk
Sector: Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
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 18% of them on solvency, 2% on liquidity and 29% on profitability.

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 moderate class on 30-06-2025, 2.4% 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, 2,135 companies had the same profile as VERSUS (OPUS) has now. Each dot stands for 6 companies, two years later.

92.0%
were still trading
2.3%
stopped another way
5.2%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet

Another 0.4% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of VERSUS (OPUS) itself: 1.7% 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.

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 2,135 companies, not a prediction for VERSUS (OPUS). 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 €1,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.0, below the usual 1.5. Short-term debt is 99.7% and cash 0.1% of total assets. 99.7% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.00, cash €7,570
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Sector: Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
KBO
raises risk · Equity €25,399 (0.3% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 508 sector peers (2025).
NBB · sector comparison
Position among 508 sector peers
Solvency
better than 19%
← weakest strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
14 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Board and ownership

B
Managing director, BRONCKART Jacques Henri Michel Paul
S
Director, since 04-09-2024
  • BRONCKX all the sharesdeed of 30-10-2026
Board & ownership

Recent changes

Merger proposal: to be absorbed by VERSUS PRODUCTION Permanent representatives: Jacques-Henri BRONCKART and Bert HAMELINCK · BRONCKX holds all the shares · Gazette deed
Merger proposal: to be absorbed by VERSUS PRODUCTION SRL Permanent representatives: Jacques-Henri Bronckart and Bert Hamelinck · BRONCKX SRL holds all the shares · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:1013193011
Incorporation Founding capital of €10,000, 100 shares · Founders: BRONCKART Jacques Henri Michel Paul (comparant fondateur) and HAMELINCK Bert Hortensia Johan (comparant fondateur) · Appointments: BRONCKX (director) and 921 (director) · published on 09-09-2024 · Gazette deed
All 6 events

Comparable companies

same main activity, similar in size and age
Company
VERSUS (OPUS) Liège €8.9m €0.1m 0.3% 0.5
LEMMING FILM BELGIË Ghent €26.2m €0.2m 41.9% 0
Eccholine Productions Antwerp €3.3m €1.1m 33.6% 0
WALK THE TALK Forest €1.4m €0.06m 66.7% 0
Happy Duck Films Mechelen €15.0m - 34.6% 1.6
FREAKS FACTORY Liège €1.4m €0.07m 47.1% -
Pink Century Production Ixelles €1.7m €1.7m 72.3% 1

These companies have the same main activity as VERSUS (OPUS): production of cinema films (NACE 59111). They are comparable in size and age: total assets between €1.4m and €26m, founded between 2021 and 2025.

Official details

Source: KBO
Status
Active since 05-09-2024Normal situation
Registered office
13 active companies are registered at this addressSource: KBO register, as of 11 November 2026.
Activity
Production of cinema filmsNACE 59111and 1 other
Joint committee
303.01Film industry · annual accounts 2025
Establishment unit
2.379.543.7214020 Liège, since 05-09-2024
Financial year end
31 December
Peppol
Reachable since 03-12-2025
Company details

Annual accounts 2025

€8.9m
Employeeson 31-12-2025
3
Filing
Filed on 17-07-2026, 14 days before the end of the filing period
Financials

Insights on VERSUS (OPUS)

The computed 12-month bankruptcy probability of VERSUS (OPUS) is 1.7% (moderate). The 2025 annual accounts show equity of €25,399 and a net result of €15,399.

Its solvency ranks better than 19% of 508 sector peers (NACE 59, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

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 VERSUS (OPUS)

What is the company number of VERSUS (OPUS)?
The company number of VERSUS (OPUS) is 1013.193.011. The VAT number is the same number with BE in front: BE 1013.193.011.
Where is VERSUS (OPUS) based?
The registered office is at Quai Godefroid-Kurth 10, 4020 Liège.Company details
What does VERSUS (OPUS) do?
According to the KBO register, the main activity is production of cinema films (NACE 59111).
What is the legal form of VERSUS (OPUS)?
VERSUS (OPUS) is a private limited company (BV).
When was VERSUS (OPUS) founded?
VERSUS (OPUS) was founded on 05-09-2024.
Is VERSUS (OPUS) still active?
Yes, VERSUS (OPUS) is an active enterprise in the KBO register.
How many employees does VERSUS (OPUS) have?
VERSUS (OPUS) had an average of 0.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does VERSUS (OPUS) fall under?
In its 2025 annual accounts, VERSUS (OPUS) states joint committee 303.01 (Film industry).
What is the turnover of VERSUS (OPUS)?
The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €115,811 and 1,650 comparable companies of the same size. It probably lies between €180,000 and €550,000. It is a rough estimate.
Is VERSUS (OPUS) profitable?
In financial year 2025, VERSUS (OPUS) made a profit of €15,399.
Where can I find the annual accounts of VERSUS (OPUS)?
VERSUS (OPUS) filed 1 annual account with the National Bank of Belgium, for financial year 2025.

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