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VIEWBLASTER

Active
Private limited companyfounded 2007active for 19 yearsKerrebroek 126, 9850 Deinze, BelgiumKBO/BCE: BE 0891.922.918
Summary

VIEWBLASTER has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,918 and a net result of €2,444. Equity is shrinking by about 18% per year across the filed financial years. Its solvency ranks better than 47% of 1,859 sector peers (NACE 59, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€16,918▼ 33.1%
2024 · €25,302
Total assets
€37,652▲ 3.2%
2024 · €36,496
Net result
€2,444
2024 · -€11,849
Working capital
€10,049▼ 39.8%
2024 · €16,704
Trend over the years

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

The operating result returns to profit in 2025: €3,040 after a loss of €11,533 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€3,040 2025 Net result€2,444 2025

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

Sector: the middle half of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€32,862--€12,921€394-€19,389€13,845-€11,533€3,040
Net result€24,537--€10,598below the sector's middle half€399within the sector's middle half-€19,966below the sector's middle half€10,718within the sector's middle half-€11,849below the sector's middle half€2,444within the sector's middle half
Equity€66,599-€46,001within the sector's middle half▼ 30.9%€46,400within the sector's middle half▲ 0.9%€26,433within the sector's middle half▼ 43.0%€37,151within the sector's middle half▲ 40.5%€25,302within the sector's middle half▼ 31.9%€16,918within the sector's middle half▼ 33.1%
Total assets€108,038-€92,922within the sector's middle half▼ 14.0%€89,489within the sector's middle half▼ 3.7%€56,821within the sector's middle half▼ 36.5%€65,180within the sector's middle half▲ 14.7%€36,496below the sector's middle half▼ 44.0%€37,652below the sector's middle half▲ 3.2%
Debt€41,438-€46,922▲ 13.2%€43,089▼ 8.2%€30,387▼ 29.5%€28,028▼ 7.8%€11,194▼ 60.1%€20,734▲ 85.2%
Working capital€41,432-€20,037within the sector's middle half▼ 51.6%€28,266within the sector's middle half▲ 41.1%€3,678within the sector's middle half▼ 87.0%€16,318within the sector's middle half▲ 344%€16,704within the sector's middle half▲ 2.4%€10,049within the sector's middle half▼ 39.8%
Solvency61.6%-49.5%within the sector's middle half▼ 12.1pp51.8%within the sector's middle half▲ 2.3pp46.5%within the sector's middle half▼ 5.3pp57.0%within the sector's middle half▲ 10.5pp69.3%within the sector's middle half▲ 12.3pp44.9%within the sector's middle half▼ 24.4pp
Current ratio2.00-1.71within the sector's middle half▼ 0.291.94within the sector's middle half▲ 0.231.16within the sector's middle half▼ 0.781.60within the sector's middle half▲ 0.452.49within the sector's middle half▲ 0.891.48within the sector's middle half▼ 1.01
Return on assets (ROA)22.7%--11.4%below the sector's middle half▼ 34.1pp0.4%within the sector's middle half▲ 11.9pp-35.1%below the sector's middle half▼ 35.6pp16.4%within the sector's middle half▲ 51.6pp-32.5%below the sector's middle half▼ 48.9pp6.5%within the sector's middle half▲ 39.0pp
Staff (FTE)1-1within the sector's middle half=11=0.3▼ 70.0%
above within below the middle half of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,652
Fixed assets €6,869 ▼ 20.1%
Current assets €30,783 ▲ 10.3%
Equity and liabilities €37,652
Equity €16,918 ▼ 33.1%
Debt €20,734 ▲ 85.2%
Debt's share of the balance-sheet total rises from 30.7% to 55.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€6,063▲
2024 · -€1,946
Cash flow
€5,468▲
2024 · -€2,262
Debt to equity
1.23▲
2024 · 0.44
ROE
14.4%▲
2024 · -46.8%
Interest coverage
21.47▲
2024 · -7.66
Debt ≤ 1 year
€20,734▲
2024 · €11,194
Income taxes
€313▲
2024 · €66
Staff costs
€0▼
2024 · €22,553
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 34,693 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€36,496€37,652▲
Fixed assets21/28€8,598€6,869▼
Tangible fixed assets22/27€8,598€6,869▼
Plant, machinery and equipment23€6,566€5,512▼
Furniture and vehicles24€2,032€1,357▼
Financial fixed assets28€0-
Current assets29/58€27,898€30,783▲
Amounts receivable within one year40/41€8,508€16,814▲
Trade receivables40€8,508€16,604▲
Other amounts receivable41-€210
Cash at bank and in hand54/58€17,825€13,220▼
Deferred charges and accrued income490/1€1,565€749▼
Equity and liabilities
Total equity and liabilities10/49€36,496€37,652▲
Equity10/15€25,302€16,918▼
Contributions10/11€6,200€6,200=
Reserves13€19,102€10,718▼
Distributable reserves133€19,102€10,718▼
Profit (loss) carried forward14-€0
Amounts payable17/49€11,194€20,734▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€11,194€20,734▲
Current portion of amounts payable after more than one year42€1,013€0▼
Trade debts44€2,335€2,040▼
Suppliers440/4€2,335€2,040▼
Taxes, remuneration and social security45€4,863€4,811▼
Taxes450/3€4,863€4,811▼
Remuneration and social security454/9€0-
Other amounts payable47/48€2,983€13,882▲
Income statement Code20242025
Non-recurring operating income76A€500€0▼
Remuneration, social security and pensions62€22,553€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,588€3,023▼
Other operating charges640/8€758€1,216▲
Gross operating margin9900€21,366€7,279▼
Operating profit (loss)9901-€11,533€3,040▲
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€254€282▲
Recurring financial charges65€254€282▲
Profit (loss) for the period before taxes9903-€11,783€2,757▲
Income taxes67/77€66€313▲
Profit (loss) for the period9904-€11,849€2,444▲
Profit (loss) for the period to be appropriated9905-€11,849€2,444▲
Appropriation of the result
Profit (loss) to be appropriated9906-€11,849€2,444▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€11,849€8,384▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7-€10,829
Return on contributions (dividend)694-€10,829

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Non-recurring operating income76A-----€500€0▼ 100%
Remuneration, social security and pensions62---€56,484€58,679€22,553€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,024€21,419€15,357€9,583€10,271€9,588€3,023▼ 68.5%
Other operating charges640/8---€1,768€1,491€758€1,216▲ 60.4%
Gross operating margin9900€96,337€54,642€67,470€48,446€84,287€21,366€7,279▼ 65.9%
Operating profit (loss)9901€32,862-€12,921€394-€19,389€13,845-€11,533€3,040-
Financial income75/76B---€5€0€4€0▼ 100%
Recurring financial income75€917€1,191€707€5€0€4€0▼ 100%
Financial charges65/66B---€465€440€254€282▲ 11.2%
Recurring financial charges65€398€650€586€465€440€254€282▲ 11.2%
Profit (loss) for the period before taxes9903€33,381-€10,481€515-€19,848€13,405-€11,783€2,757-
Income taxes67/77€8,845€118€116€118€2,687€66€313▲ 372%
Profit (loss) for the period9904€24,537-€10,598€399-€19,966€10,718-€11,849€2,444-
Profit (loss) for the period to be appropriated9905€24,537-€10,598€399-€19,966€10,718-€11,849€2,444-
Line2019202020212022202320242025Change
Assets
Total assets20/58€108,038€92,922€89,489€56,821€65,180€36,496€37,652▲ 3.2%
Fixed assets21/28€25,167€44,829€31,129€29,801€21,847€8,598€6,869▼ 20.1%
Tangible fixed assets22/27€25,167€42,204€28,504€23,731€15,777€8,598€6,869▼ 20.1%
Plant, machinery and equipment23---€7,061€6,426€6,566€5,512▼ 16.1%
Furniture and vehicles24---€16,669€9,351€2,032€1,357▼ 33.2%
Financial fixed assets28-€2,625€2,625€6,070€6,070€0--
Current assets29/58€82,870€48,093€58,360€27,020€43,333€27,898€30,783▲ 10.3%
Amounts receivable within one year40/41€45,923€27,800€24,502€17,602€24,902€8,508€16,814▲ 97.6%
Trade receivables40---€14,756€24,902€8,508€16,604▲ 95.2%
Other amounts receivable41---€2,846€0-€210-
Cash at bank and in hand54/58€33,956€17,366€31,349€7,493€16,400€17,825€13,220▼ 25.8%
Deferred charges and accrued income490/1---€1,924€2,031€1,565€749▼ 52.2%
Equity and liabilities
Total equity and liabilities10/49€108,038€92,922€89,489€56,821€65,180€36,496€37,652▲ 3.2%
Equity10/15€66,599€46,001€46,400€26,433€37,151€25,302€16,918▼ 33.1%
Contributions10/11€6,200€0-€6,200€6,200€6,200€6,200=
Reserves13€1,860€1,860€1,860€1,860€30,951€19,102€10,718▼ 43.9%
Non-distributable reserves130/1---€0----
Reserves not available under the articles1311---€0----
Distributable reserves133---€1,860€30,951€19,102€10,718▼ 43.9%
Profit (loss) carried forward14€58,539€37,941€38,340€18,373€0-€0-
Amounts payable17/49€41,438€46,922€43,089€30,387€28,028€11,194€20,734▲ 85.2%
Amounts payable after more than one year17-€18,865€12,995€7,045€1,013€0--
Financial debts170/4---€7,045€1,013€0--
Amounts payable within one year42/48€41,438€28,056€30,093€23,342€27,015€11,194€20,734▲ 85.2%
Current portion of amounts payable after more than one year42---€5,950€6,032€1,013€0▼ 100%
Trade debts44€13,390€2,333€7,313€3,997€5,072€2,335€2,040▼ 12.6%
Suppliers440/4---€3,997€5,072€2,335€2,040▼ 12.6%
Taxes, remuneration and social security45---€13,224€15,826€4,863€4,811▼ 1.1%
Taxes450/3---€4,986€6,925€4,863€4,811▼ 1.1%
Remuneration and social security454/9---€8,239€8,901€0--
Other amounts payable47/48---€170€85€2,983€13,882▲ 365%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€24,537-€10,598€399-€19,966€10,718-€11,849€2,444-
+ Depreciation and write-downs630€16,024€21,419€15,357€9,583€10,271€9,588€3,023▼ 68.5%
Operating cash flow (approximation)€40,561€10,821€15,756-€10,384€20,989-€2,262€5,468-
Investment in fixed assets (approximation)--€41,081-€1,657-€8,255-€2,318€3,661-€1,294-
Change in cash--€16,590€13,982-€23,855€8,907€1,425-€4,605-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 17 filings with the National Bank
Financial year Type Filed Reference
30-06-2025 micro format 19-01-2026 2026-00010951
30-06-2024 micro format 08-01-2025 2025-00002056
30-06-2023 micro format 22-12-2023 2024-00541610
30-06-2022 micro format 23-01-2023 2023-00001677
30-06-2021 micro format 14-01-2022 2022-01100029
30-06-2020 micro format 01-02-2021 2021-04200328
30-06-2019 micro format 15-01-2020 2020-01300546
30-06-2018 micro format 30-01-2019 2019-03400234
30-06-2017 micro format 22-12-2017 2017-73000583
30-06-2016 abbreviated format 22-12-2016 2016-71500003

Show all 17 filings

Similar companies · same sector, comparable size

Of the 1,048 active companies whose main activity is post-production of films, video and television programmes (NACE 59120), figures are known for 455. 313 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.