VERTIGO FILMS DISTRIBUTION
ActiveVERTIGO FILMS DISTRIBUTION has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158k and a net result of €51k. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 186 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+24
Solvency47▲+16
Growth85=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.05 in 2024; short-term debt: 77.5% and cash: 23.9% of total assets), and 77.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.4%
Return on assets
7.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
59 d early
2023
33 d early
2022
19 d early
2021
2 d late
2020
11 d late
2019
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€3.11M▲ 144%
2023 · €1.27M
2019: €310k
2020: €907k
2021: €393k
2022: €523k
2023: €1.27M
2019 → 2024
EBIT margin
0.6%=
2023 · 0.6%
2019: 2.9%
2020: 2.1%
2021: 8.1%
2022: 1.5%
2023: 0.6%
2019 → 2024
Net result
€51k▲ 422%
2024 · €10k
2019: €2k
2020: €4k
2021: €20k
2022: €2k
2023: €6k
2024: €10k
2019 → 2025
Working capital
€75k▲ 45.4%
2024 · €52k
2019: €19k
2020: €23k
2021: €9k
2022: €19k
2023: €33k
2024: €52k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€393k-€523k▲ 33.1%€1.27M▲ 143%€3.11M▲ 144%
Equity€43k-€45k▲ 3.6%€51k▲ 12.7%€61k▲ 19.3%€158k▲ 161%
Operating result€32k-€8k▼ 75.3%€8k▼ 1.7%€19k▲ 151%€78k▲ 304%
Net result€20k-€2k▼ 92.1%€6k▲ 262%€10k▲ 70.8%€51k▲ 422%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 304% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €706k
Fixed assets
€84k▲ 827%
Current assets
€622k▼ 41.9%
Equity and liabilities €706k
Equity
€158k▲ 161%
Debt
€548k▼ 46.3%
The debt ratio falls from 94.4% to 77.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87k▲
2024 · €28k
Cash flow
€60k▲
2024 · €18k
Solvency
22.4%▲
2024 · 5.6%
Current ratio
1.14▲
2024 · 1.05
Quick ratio
1.14▲
2024 · 1.05
Debt / equity
3.46▼
2024 · 16.83
ROE
32.3%▲
2024 · 16.2%
ROA
7.2%▲
2024 · 0.9%
Interest coverage
311.62▲
2024 · 19.61
Debt
€548k▼
2024 · €1.02M
Debt ≤ 1 year
€547k▼
2024 · €1.02M
Income taxes
€27k▲
2024 · €9k
Staff costs
€79k▼
2024 · €81k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€706k▼
Fixed assets21/28€9k€84k▲
Tangible fixed assets22/27€9k€84k▲
Furniture and vehicles24€9k€84k▲
Current assets29/58€1.07M€622k▼
Amounts receivable within one year40/41€606k€454k▼
Trade receivables40€599k€421k▼
Other amounts receivable41€7k€33k▲
Cash at bank and in hand54/58€465k€169k▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€706k▼
Equity10/15€61k€158k▲
Contributions10/11€50k€50k=
Reserves13€8k€100k▲
Distributable reserves133€8k€100k▲
Profit (loss) carried forward14€3k€8k▲
Amounts payable17/49€1.02M€548k▼
Amounts payable within one year42/48€1.02M€547k▼
Financial debts43-€133
Credit institutions430/8-€133
Trade debts44€993k€470k▼
Suppliers440/4€993k€470k▼
Taxes, remuneration and social security45€26k€13k▼
Taxes450/3€21k€9k▼
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48-€64k
Accrued charges and deferred income492/3-€300
Income statement
Code20242025
Turnover70€3.11M-
Goods, raw materials, services and sundry goods60/61€3.10M-
Remuneration, social security and pensions62€81k€79k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€933€2▼
Gross operating margin9900€110k€166k▲
Operating profit (loss)9901€19k€78k▲
Financial income75/76B€511€0▼
Recurring financial income75€511€0▼
Financial charges65/66B€1k€279▼
Recurring financial charges65€1k€279▼
Profit (loss) for the period before taxes9903€18k€78k▲
Income taxes67/77€9k€27k▲
Profit (loss) for the period9904€10k€51k▲
Profit (loss) for the period to be appropriated9905€10k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€58k▲
Profit (loss) brought forward from the previous period14P€783€7k▲
Transfer to equity691/2€8k€50k▲
To other reserves6921€8k€50k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Highest result since 2019net €51k ▲422%
Operating result €78k, net result €51k, both a record.
30-06
Financial
Equity above €150kEq €158k ▲161%
7 profitable years in a row build equity to €158k.
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €2k ▼92.1%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
11-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 342 days late
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 37 days late
2016
11-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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-le-Château · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Reine Astrid(W-B) 21440 Braine-le-ChâteauGround area
5,300 m²
Building footprint
2,666 m²
Volume, LiDAR
12,553 m³
Parcel 25111A0596/00L002, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VERTIGO FILMS DISTRIBUTION
since 20012.098.126.628
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0596/00L002 | Wallonia | 5,300 m² | 1 · 2,666 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European Union, budget
2021 to 2025 · 5 entries · 468,948 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 201,414 EUR |
| 2024 | 1 | 129,561 EUR |
| 2023 | 1 | 19,630 EUR |
| 2022 | 1 | 31,690 EUR |
| 2021 | 1 | 86,653 EUR |
Projects
MEDIA AUTOMATIC APPLICATION BELGIUM VERTIGO FILMS DISTRIBUTION
101193637 - MEDIA VERTIGO 2024 - MEDIA AUTOMATIC APPLICATION BELGIUM VERTIGO FILMS DISTRIBUTION
EUROPEAN FILM DISTRIBUTION:2020 GENERATION AND REINVESTMENT
101093120 - AUTOMATIC-VERIGO2022 - APPLICATION FOR FUNDING FOR DISTRIBUTION OF NON-NATIONAL EUROPEAN FILMS IN BELGIUM
101139684 - VERTIGO-2023-MEDIA - REQUEST FOR FUNDING ON BEHALF OF VERTIGO FILMS FOR THE SUPPORT OF DISTRIBUTION OF EUROPEAN, NON NATIONAL FILMS, WITHIN THE TERRITORY OF BELGIUM
Similar companies · same sector, comparable size
MOUNT
BE 0479.359.548
Antwerpen · Eq €158k
DEUX SUR DEUX
BE 0458.177.322
Ukkel · Eq €159k
SCOPE PICTURES
BE 0876.249.894
Brussel · Eq €157k
Entre Chien et Loup
BE 0437.078.634
Elsene · Eq €160k
KEY POST
BE 0825.520.775
Ukkel · Eq €160k
Of 1,323 companies in sector 59111 we hold annual accounts for 688. 481 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-03-2001
Fiscal year end30-06
Activities, NACEBEL
59111Production of cinema films
59130Motion picture, video and television programme production, sound recording and music publishing activities
59112Motion picture, video and television programme production, sound recording and music publishing activities
59113Video and film production, excluding cinema and television films
59120Post-production of films, video and television programmes
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.