WALLIMAGE
ActiveSummary
WALLIMAGE has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47.3m and a net result of -€1.3m. Equity has been growing by about 8% per year since 2018. Its solvency ranks better than 95% of 232 sector peers (NACE 59, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-06-2000 Normal situation
- Activity
- Production of cinema films NACE 59111and 1 other
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 100 Aanvullend Paritair Comité voor de werklieden · annual accounts 2025
- Establishment units
- 2.097.854.434 7000 Mons, since 23-05-2001
- 2.312.867.505 4020 Liège, since 01-01-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Board and ownership
Board
- Medhy NasserManaging director
- Xavier PapierDirector
- Clémence DUFRANEDirector · since 11-06-2025
- Holdings
- Shares in 20 companies including SWARMS ENTERTAINMENT and GENVAL LES DAMES
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Turnover
- €662,851
- Operating revenue
- €2.6m
- Loss
- €1.3m
- Equity
- €47.3m
- Total assets
- €48.1m
- Employees on 31-12-2025
- 16
Score breakdownraises risk2 of the last 3 accounts lateLoss of €1.3m, the second in a row (financial year 2025)lowers riskFounded in 2000Equity €47.3m (98.4% of total assets)Show the evidence
Checked score
Score 2025
89
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 58% of small companies in film, video and music (NACE 59)
Financial strength · tick: 2023
Average
Solvency
100=
equity 98.4% of total assets
Liquidity
59-18
short-term debt 1.1% · cash 6.8%
Profitability
10-68
return on assets -2.8%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2026: 0.2%highest value
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 39.88 (42.85 in 2023), above the usual 1.5. Short-term debt is 1.1% and cash 6.8% of total assets. 1.6% of the assets are financed with debt and provisions.
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, small). It does better than 91% of them on solvency, 72% on liquidity and 10% on profitability.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 · 10 filingsDeviation from the deadline
2025
14 days early
2024
378 days late
2023
400 days late
2022
24 days early
2021
41 days early
2020
37 days early
2019
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 88 days after the deadline. In the sector (NACE 59), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (4 of the last 5 accounts filed within 392 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 17-07-2026 at the NBB all 26 filings
Turnover
€662,851▲ 57.3%
2023 · €421,331
EBIT margin
Not meaningful: operating income is mostly operating subsidies
Net result
-€1.3m▼ 67.5%
2023 · -€799,330
Working capital
€20.5m▼ 19.0%
2023 · €25.3m
In the rankings
#1 company by total assets in Mons, Publishing and media sector#1 company by equity in Mons, Publishing and media sector#7 oldest company in Mons, Publishing and media sector
Multi-year overview
2018 to 2025, 7 financial yearsTurnover
€662,851
2025
20182025
Operating result
-€10.0m
2025
20182025
Net result
-€1.3m
2025
lowest quarter of the sector
20182025
Equity
€47.3m
2025
highest quarter of the sector
20182025
Total assets
€48.1m
2025
highest quarter of the sector
20182025
Debt
€761,180
2025
20182025
Working capital
€20.5m
2025
highest quarter of the sector
20182025
Solvency
98.4%
2025
highest quarter of the sector
20182025
Current ratio
39.88
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-2.8%
2025
lowest quarter of the sector
20182025
Staff (FTE)
15
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232025
Turnover€0.4m-€0.4m▼ 2.3%€0.3m▼ 19.7%€0.1m▼ 68.5%€0.4m▲ 254%€0.4m▲ 20.0%€0.7m-
Operating result-€0.004m-€0.01m-€0.04m€1.1m€0.7m▼ 34.5%€0.2m▼ 78.7%-€10.0m-
Net result€291--€0.008m-€0.004mwithin the sector's middle half▲ 46.4%€0.3mabove the sector's middle half-€0.2mbelow the sector's middle half-€0.8mbelow the sector's middle half▼ 311%-€1.3mbelow the sector's middle half-
Equity€22.1m-€25.9m▲ 17.2%€28.4mabove the sector's middle half▲ 10.0%€49.5mabove the sector's middle half▲ 74.2%€51.5mabove the sector's middle half▲ 4.0%€51.2mabove the sector's middle half▼ 0.5%€47.3mabove the sector's middle half-
Total assets€28.5m-€29.2m▲ 2.6%€30.2mabove the sector's middle half▲ 3.5%€51.9mabove the sector's middle half▲ 71.8%€53.5mabove the sector's middle half▲ 3.0%€53.1mabove the sector's middle half▼ 0.7%€48.1mabove the sector's middle half-
Debt€6.3m-€3.2m▼ 48.4%€1.7m▼ 47.6%€2.3m▲ 34.8%€1.9m▼ 17.9%€1.7m▼ 7.8%€0.8m-
Working capital€11.0m-€12.2m▲ 11.2%€11.8mabove the sector's middle half▼ 3.5%€23.9mabove the sector's middle half▲ 103%€24.9mabove the sector's middle half▲ 4.4%€25.3mabove the sector's middle half▲ 1.4%€20.5mabove the sector's middle half-
Solvency77.5%-88.6%▲ 11.1pp94.1%above the sector's middle half▲ 5.5pp95.4%above the sector's middle half▲ 1.3pp96.3%above the sector's middle half▲ 0.9pp96.6%above the sector's middle half▲ 0.3pp98.4%above the sector's middle half-
Current ratio58.04-48.81▼ 9.2338.38above the sector's middle half▼ 10.4363.77above the sector's middle half▲ 25.3974.22above the sector's middle half▲ 10.4542.85above the sector's middle half▼ 31.3739.88above the sector's middle half-
Return on assets (ROA)0.0%-0.0%=0.0%within the sector's middle half=0.6%within the sector's middle half▲ 0.6pp-0.4%within the sector's middle half▼ 1.0pp-1.5%within the sector's middle half▼ 1.1pp-2.8%below the sector's middle half-
Staff (FTE)4.6-10.1▲ 120%11.3within the sector's middle half▲ 11.9%14.2within the sector's middle half▲ 25.7%14.4within the sector's middle half▲ 1.4%15.2within the sector's middle half▲ 5.6%15within the sector's middle half-
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 operating result for 2025 is a loss of €10.0m, against €154,566 in 2023. Comparable figures for the intervening years are unavailable.
Large changes and their cause
- 2022 Turnover +254% on 2021. Merger absorbing WALLIMAGE ENTREPRISES, effective 25-06-2021, in the previous financial year. That operation now counts for a full year for the first time.
- 2021 Equity +74%, Total assets +72% on 2020. Merger absorbing WALLIMAGE ENTREPRISES, effective 25-06-2021. Capital increase of €16,350,584 (Official Gazette 26-08-2021).
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €48.1m
Fixed assets
€27.1m ▼ 0.3%
Current assets
€21.0m ▼ 18.8%
Equity and liabilities €48.1m
Equity
€47.3m ▼ 7.6%
Provisions
€13,352 ▼ 85.0%
Debt
€761,180 ▼ 56.1%
Debt's share of the balance-sheet total falls from 3.3% to 1.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2.7m▼
2023 · €381,584
Cash flow
€5.9m▲
2023 · -€572,312
Debt to equity
0.02▼
2023 · 0.03
ROE
-2.8%▼
2023 · -1.6%
Interest coverage
-161.33▼
2023 · 35.67
Debt ≤ 1 year
€527,149▼
2023 · €604,238
Debt > 1 year
€0▼
2023 · €215,462
Income taxes
€3,034▼
2023 · €90,934
Customer credit
39 days▼
2023 · 229 days
Staff costs
€1.4m▲
2023 · €1.4m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 15 | 16 | 16 | 16 |
| full-time | 13 | 14 | 14 | 11 |
| part-time | 2 | 2 | 2 | 5 |
| in full-time equivalents | 14.2 | 15.2 | 15.2 | 14.5 |
| Average over the year, in full-time equivalents | 13 | 14.4 | 15.2 | 15 |
| On a permanent contract | 12 | 12 | 12 | 13 |
| Joined | 3 | 2 | - | 1 |
| Left | 2 | 1 | - | 2 |
| Agency workers, average number | - | - | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Overdue debts
| Item | 2021 | 2022 | 2023 | 2025 |
|---|---|---|---|---|
| Overdue social security (RSZ) debts | €1,201 | €55,442 | €27,817 | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2025 |
|---|---|---|---|---|
| Debts guaranteed by Belgian public bodies | €565,529 | €255,143 | €215,462 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €36,131 | €19,723 | €10,873 | €14,781 |
| Intangible fixed assets | €975,604 | €27,838 | €31,626 | €4.9m |
| Financial fixed assets | €13.8m | €7.3m | €10.7m | €250,571 |
| Depreciation and write-downs of the year | €241,167 | €224,891 | €227,018 | €7.2m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2025 |
|---|---|---|---|---|
| Fee for the audit | €11,435 | €9,680 | €9,680 | €9,680 |
| Other work by the auditor | €7,563 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Wallonia-Brussels Federation
2024 to 2025 · 3 entries · €18,925 in total| Year | Entries | Paid |
|---|---|---|
| 2025 | 2 | €11,017 |
| 2024 | 1 | €7,908 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €3.8m | €3.9m | €2.7m | €2.6m | - |
| Turnover70 | €0.4m | €0.4m | €0.3m | €0.1m | €0.4m | €0.4m | €0.7m | - |
| Other operating income74 | - | - | - | €1.8m | €1.6m | €1.8m | €1.8m | - |
| Non-recurring operating income76A | - | - | - | €2.0m | €2.0m | €0.4m | €0.1m | - |
| Operating charges60/66A | - | - | - | €2.7m | €3.2m | €2.5m | €12.6m | - |
| Services and other goods61 | - | - | - | €0.6m | €0.5m | €0.5m | €0.7m | - |
| Remuneration, social security and pensions62 | - | - | - | €1.2m | €1.2m | €1.4m | €1.4m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.04m | €0.05m | €0.2m | €0.2m | €0.2m | €7.2m | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.1m | €0 | €0.04m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.03m | -€0.02m | -€0.003m | -€0.08m | - |
| Other operating charges640/8 | - | - | - | €0.7m | €1.1m | €0.3m | €1.5m | - |
| Non-recurring operating charges66A | - | - | - | - | €0.003m | €0.02m | €1.7m | - |
| Operating profit (loss)9901 | -€0.004m | €0.01m | -€0.04m | €1.1m | €0.7m | €0.2m | -€10.0m | - |
| Financial income75/76B | - | - | - | €6.3m | €6.1m | €8.2m | €11.2m | - |
| Recurring financial income75 | €1.8m | €2.9m | €4.2m | €5.5m | €5.6m | €7.8m | €9.1m | - |
| Income from financial fixed assets750 | - | - | - | €0.1m | €0.1m | €0.09m | €0 | - |
| Income from current assets751 | - | - | - | €0.03m | €0.04m | €0.2m | €0.3m | - |
| Other financial income752/9 | - | - | - | €5.3m | €5.4m | €7.5m | €8.8m | - |
| Non-recurring financial income76B | - | - | - | €0.8m | €0.6m | €0.4m | €2.0m | - |
| Financial charges65/66B | - | - | - | €7.1m | €7.0m | €9.0m | €2.5m | - |
| Recurring financial charges65 | €0.002m | €0.007m | €0.005m | €0.01m | €0.04m | €0.01m | €0.03m | - |
| Debt charges650 | €450 | €0.006m | €0.005m | €0.007m | €0.006m | €0.01m | €0.02m | - |
| Other financial charges652/9 | - | - | - | €0.007m | €0.03m | €0.001m | €0.009m | - |
| Non-recurring financial charges66B | - | - | - | €7.1m | €7.0m | €9.0m | €2.5m | - |
| Profit (loss) for the period before taxes9903 | €0.001m | €0 | €0 | €0.3m | -€0.2m | -€0.7m | -€1.3m | - |
| Income taxes67/77 | €0.001m | €0.008m | €0.004m | €0.003m | €0.003m | €0.09m | €0.003m | - |
| Taxes670/3 | - | - | - | €0.003m | €0.003m | €0.09m | €0.003m | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €367 | - | - | €0 | - |
| Profit (loss) for the period9904 | €291 | -€0.008m | -€0.004m | €0.3m | -€0.2m | -€0.8m | -€1.3m | - |
| Profit (loss) for the period to be appropriated9905 | €291 | -€0.008m | -€0.004m | €0.3m | -€0.2m | -€0.8m | -€1.3m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €28.5m | €29.2m | €30.2m | €51.9m | €53.5m | €53.1m | €48.1m | - |
| Fixed assets21/28 | €17.3m | €16.7m | €18.1m | €27.7m | €28.2m | €27.2m | €27.1m | - |
| Intangible fixed assets21 | €0.06m | €0.06m | €0.04m | €0.8m | €0.6m | €0.4m | €20.1m | - |
| Tangible fixed assets22/27 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | - |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.03m | €0.02m | €0.01m | - |
| Other tangible fixed assets26 | - | - | - | - | - | - | €0.01m | - |
| Financial fixed assets28 | €17.2m | €16.6m | €18.0m | €26.8m | €27.5m | €26.7m | €6.9m | - |
| Companies linked by participating interests282/3 | - | - | - | €9.8m | €10.0m | €8.5m | €3.7m | - |
| Participating interests282 | - | - | - | €6.6m | €6.6m | €5.7m | €2.4m | - |
| Amounts receivable283 | - | - | - | €3.2m | €3.3m | €2.8m | €1.3m | - |
| Other financial fixed assets284/8 | - | - | - | €17.0m | €17.6m | €18.2m | €3.3m | - |
| Shares284 | - | - | - | €16.6m | €17.3m | €18.2m | €1.6m | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.4m | €0.2m | €0.001m | €1.7m | - |
| Current assets29/58 | €11.2m | €12.5m | €12.1m | €24.3m | €25.3m | €25.9m | €21.0m | - |
| Amounts receivable after more than one year29 | - | - | - | - | - | €4.0m | €3.1m | - |
| Other amounts receivable291 | - | - | - | - | - | €4.0m | €3.1m | - |
| Stocks and contracts in progress3 | - | - | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €2.7m | €9.1m | €9.9m | €13.3m | €7.0m | €4.8m | €10.6m | - |
| Trade receivables40 | - | - | - | €0.09m | €0.2m | €0.3m | €0.07m | - |
| Other amounts receivable41 | - | - | - | €13.2m | €6.8m | €4.5m | €10.5m | - |
| Current investments50/53 | - | - | - | €1.0m | €1.0m | €5.6m | €3.7m | - |
| Other investments51/53 | - | - | - | €1.0m | €1.0m | €5.6m | €3.7m | - |
| Cash at bank and in hand54/58 | €8.4m | €3.4m | €2.2m | €10.0m | €17.2m | €11.5m | €3.3m | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.03m | €0.07m | €0.3m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €28.5m | €29.2m | €30.2m | €51.9m | €53.5m | €53.1m | €48.1m | - |
| Equity10/15 | €22.1m | €25.9m | €28.4m | €49.5m | €51.5m | €51.2m | €47.3m | - |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €16.8m | €16.8m | €16.8m | €16.8m | - |
| Capital10 | - | - | - | €16.8m | €16.8m | €16.8m | €16.8m | - |
| Issued capital100 | - | - | - | €16.8m | €16.8m | €16.8m | €16.8m | - |
| Reserves13 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | - |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | - |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | - |
| Profit (loss) carried forward14 | €0.5m | €0.5m | €0.5m | €0.8m | €0.6m | -€0.2m | -€3.2m | - |
| Investment grants15 | - | - | - | €31.9m | €34.0m | €34.6m | €33.6m | - |
| Provisions and deferred taxes16 | €0.1m | €0.09m | €0.09m | €0.1m | €0.09m | €0.09m | €0.01m | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.1m | €0.09m | €0.09m | €0.01m | - |
| Other liabilities and charges164/5 | - | - | - | €0.1m | €0.09m | €0.09m | €0.01m | - |
| Amounts payable17/49 | €6.3m | €3.2m | €1.7m | €2.3m | €1.9m | €1.7m | €0.8m | - |
| Amounts payable after more than one year17 | €5.9m | €3.0m | €1.4m | €0.6m | €0.3m | €0.2m | €0 | - |
| Financial debts170/4 | - | - | - | €0.6m | €0.3m | €0.2m | €0 | - |
| Other loans174 | - | - | - | €0.6m | €0.3m | €0.2m | €0 | - |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.3m | €0.4m | €0.3m | €0.6m | €0.5m | - |
| Trade debts44 | €0.02m | €0.004m | €0.04m | €0.09m | €0.1m | €0.1m | €0.1m | - |
| Suppliers440/4 | - | - | - | €0.09m | €0.1m | €0.1m | €0.1m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | - |
| Taxes450/3 | - | - | - | €0.2m | €0.03m | €0.08m | €0.02m | - |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | - |
| Other amounts payable47/48 | - | - | - | - | €0.02m | €0.2m | €0.2m | - |
| Accrued charges and deferred income492/3 | - | - | - | €1.3m | €1.3m | €0.9m | €0.2m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €291 | -€0.008m | -€0.004m | €0.3m | -€0.2m | -€0.8m | -€1.3m | - |
| + Depreciation and write-downs630 | €0.02m | €0.04m | €0.05m | €0.2m | €0.2m | €0.2m | €7.2m | - |
| Operating cash flow (approximation) | €0.02m | €0.03m | €0.04m | €0.5m | €0.03m | -€0.6m | €5.9m | - |
| Investment in fixed assets (approximation) | - | €0.5m | -€1.4m | -€9.8m | -€0.7m | €0.8m | - | - |
| Change in cash | - | -€5.0m | -€1.2m | €7.8m | €7.2m | -€5.7m | - | - |
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, 8,617 companies had the same profile as WALLIMAGE has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WALLIMAGE itself: 0.2% 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 8,617 companies, not a prediction for WALLIMAGE. 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.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 17-07-2026 | 2026-00312551 | |
| 31-12-2024 | full format | 13-08-2026 | 2026-00396611 | |
| 31-12-2023 | full format | 04-09-2025 | 2025-00482954 | |
| 31-12-2022 | full format | 07-07-2023 | 2023-00219366 | |
| 31-12-2021 | full format | 20-06-2022 | 2022-20087289 | |
| 31-12-2020 | full format | 24-06-2021 | 2021-25200257 | |
| 31-12-2019 | full format | 17-06-2020 | 2020-18200212 | |
| 31-12-2018 | full format | 17-06-2019 | 2019-19200113 | |
| 31-12-2017 | full format | 20-04-2018 | 2018-10300328 | |
| 31-12-2016 | full format | 06-07-2017 | 2017-29900249 |
Board & ownership
Directors
Directors
8 directors, 1 in day-to-day management, no change since 2025
Board 8
Xavier Papier
Current
Vice président, administrateur · in office according to the act of 26-08-2021 · Director · current term since 11-06-2025 · 5-year term from 2025 · listed in the 2025 annual accounts, filed on 17-07-2026
Clémence DUFRANE
Current
Director · since 11-06-2025 · 5-year term from 2025 · listed in the 2025 annual accounts, filed on 17-07-2026
HUPE Célíne
Current
Director · current term since 11-06-2025 · 5-year term from 2025 · listed in the 2025 annual accounts, filed on 17-07-2026
Jean-Philippe Rousseau
Current
Director · since 11-06-2025 · 5-year term from 2025 · also on the board of 4 other companies · listed in the 2025 annual accounts, filed on 17-07-2026
Krystelle WALDERS
Current
Director · since 11-06-2025 · 5-year term from 2025 · listed in the 2025 annual accounts, filed on 17-07-2026
Nora ARRAS
Current
Director · since 11-06-2025 · 5-year term from 2025 · listed in the 2025 annual accounts, filed on 17-07-2026
Qassem FOSSEPREZ
Current
Director · since 11-06-2025 · 5-year term from 2025 · listed in the 2025 annual accounts, filed on 17-07-2026
Sébastien DURIEUX
Current
Director · current term since 11-06-2025 · 5-year term from 2025 · also on the board of 13 other companies · listed in the 2025 annual accounts, filed on 17-07-2026
Day-to-day management 1
Medhy Nasser
Current
Managing director · appointed in the act of 03-09-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Two directors jointly
deed of 26-08-2021Owners and capital
Shareholders
After 2 capital increases
act of 26-08-2021 ↗
- Région wallonne 885 shares · €16,350,584.04 · “entièrement libérées”
Stated in the act
act of 20-03-2019 ↗
- REGION WALLONNE
Capital transactions
Capital over time
- 26-08-2021 Capital increase of €16,350,584.04 · to €16,846,371.08 · 82,447 new shares · in kind
- 26-08-2021 Capital increase of €16,350,584.04 · to €16,846,371.08 · in kind
- 14-05-2021 Capital increase · 82,447 new shares
- 28-06-2018 Capital increase of €247,893.52 · to €495,787.04 · in kind
- 04-04-2018 Capital stated in the deed · €247,893.52 · 2,500 shares
Mandate history
44 people, 9 in office
- Board
- Day-to-day management
- Statutory auditor
- Other function
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Xavier Papier |
|
| HUPE Célíne |
|
| Sébastien DURIEUX |
|
| Clémence DUFRANE |
|
| Jean-Philippe Rousseau |
|
| Krystelle WALDERS |
|
| Nora ARRAS |
|
| Qassem FOSSEPREZ |
|
| Medhy Nasser |
|
| CHARLES Baptiste |
|
| Joiris - Rousseaux, Réviseurs d'entreprises associés |
|
| JOIRIS, ROUSSEAUX & Co |
|
| LEFEBVRE Stéphane |
|
| MILLER Richard |
|
| Violaine HERBAUX |
|
| Virginie VANDEPUTTE |
|
| WAROUX Véronique |
|
| SCRL InterAudit |
|
| Alain TABART |
|
| Thierry Lejuste |
|
| Nathalie Lafontaine |
|
| Jean-Pierre Désiron |
|
| VANDER CRUYSEN Yves |
|
| Baptiste Meur |
|
| Jeanne Brunfaut |
|
| Quentin Hayois |
|
| JOIRIS-ROUSSEAUX SPRL |
|
| GOLDSTEIN Yves |
|
| Pierre Drouot |
|
| Vincent Scourneau |
|
| André-Marie PONCELET |
|
| Dominique Junne |
|
| Frédéric DELCOR |
|
| Ibourki Karim |
|
| Mathieu Perrin |
|
| Rousseaux |
|
| Grégory Van Lint |
|
| Viricent Scourneau |
|
| BOLLEN, MATHAY & CO |
|
| Eric MATHAY |
|
| Jacqueline Aubenas |
|
| Jean-Louis Rollé |
|
| Olivier VANDERIJST |
|
| FONTAINE Frederic |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Accomplir tous les actes nécessaires ou utiles à la réalisation de l'objet social à l'exception de ceux que la loi réserve à l'Assemblée…”“Le Conseil d'Administration a le pouvoir d'accomplir tous les actes nécessaires ou utiles à la réalisation de l'objet social à l'exception…”
Articles of association, deed of 26-08-2021 (in French)
Network & group
Holdings and subsidiaries
20 holdingsHoldings 20
- Sourceown accounts 2025Equity €629,125 Loss of €20,378 in 2025 (loss of €15,901 in 2024) Checked score 8125.26%
- Sourceown accounts 2025Equity €244,649 Profit of €31,060 in 2025 (loss of €228,450 in 2024) Checked score 8825%
- Sourceown accounts 2025Equity €184,099 Profit of €10,760 in 2025 (profit of €71,468 in 2024) Checked score 8624.82%
- Equity €932,856 Profit of €6,430 in 2025 (loss of €203,868 in 2024) Checked score 8724.54%
- Sourceown accounts 2025Equity €9,053 Loss of €3,220 in 2025 (loss of €1,034 in 2024) Checked score 9423.39%
- Sourceown accounts 2025Equity €4.8m Profit of €1.4m in 2025 (profit of €1.4m in 2024) Checked score 9820.66%
- Sourceown accounts 2025Equity -€51,122 Loss of €626,716 in 2025 (loss of €517,413 in 2024) Checked score 5320.56%
- Sourceown accounts 2025Equity -€53,603 Loss of €34,903 in 2025 (loss of €12,581 in 2024) Checked score 5220%
- Sourceown accounts 2025Equity €4.7m Profit of €546,635 in 2025 (loss of €787,189 in 2024) Checked score 3319.62%
- Sourceown accounts 2025Equity €833,987 Loss of €16,775 in 2025 (loss of €19,288 in 2024) Checked score 9416.33%
Show 10 more holdings
- Sourceown accounts 2025Equity €40,018 Loss of €72,557 in 2025 (loss of €69,833 in 2024) Checked score 5416.1%
-
15.38%
- Sourceown accounts 2025Equity €1.4m Profit of €1,176 in 2025 (profit of €1,180 in 2024) Checked score 9415.25%
-
14.29%
- Sourceown accounts 2025Equity €245,713 Profit of €1,392 in 2025 (loss of €6,608 in 2024) Checked score 5314.21%
- Sourceown accounts 2025Equity €2.9m Loss of €1,083 in 2025 (profit of €13,368 in 2024) Checked score 6713%
- Sourceown accounts 2025Equity €3.5m Loss of €31,409 in 2025 (loss of €402,090 in 2024) Checked score 8512.98%
- Sourceown accounts 2025Equity €223,093 Loss of €26,772 in 2025 (profit of €4,971 in 2024) Checked score 6212.5%
- Equity €102,797 Loss of €69,611 in 2025 (profit of €3,511 in 2024) Checked score 8410%
- Sourceact 19-10-2026Equity €878,229 Loss of €8,095 in 2025 (profit of €33,734 in 2024) Checked score 84share not stated
Board mandates elsewhere
10 board mandatesBoard mandates of WALLIMAGEWALLIMAGE sits on their board10
2 locations
1 location
1 location
1 location
1 location
1 location
Show 4 more
Acquisitions and mergers
2 transactionsTook over:WALLIMAGE ENTREPRISES
Took over:WALLIMAGE COPRODUCTIONS
Connections & network
59 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ARJEMO
via Sébastien DURIEUX · Director
→
CAP 48
via Jean-Philippe Rousseau · Director
→
Centre Jean Gol
via Jean-Philippe Rousseau · Director
→
Fondation Comtesse Madeleine d'Oultremont
via Alain TABART · Director
→
Show 55 more companies with a shared director
NLMK BELGIUM HOLDINGS
via Sébastien DURIEUX · Director
→
NLMK CLABECQ
via Sébastien DURIEUX · Director
→
NLMK JEMAPPES STEEL CENTER
via Sébastien DURIEUX · Director
→
NLMK LA LOUVIERE
via Sébastien DURIEUX · Director
→
NLMK MANAGE STEEL CENTER
via Sébastien DURIEUX · Director
→
NLMK PLATE SALES
via Sébastien DURIEUX · Director
→
NLMK SALES EUROPE
via Sébastien DURIEUX · Director
→
OEUVRE FEDERALE LES AMIS DES AVEUGLES ET MALVOYANTS, EN NEERLANDAIS FEDERAAL WERK DE VRIENDEN DER BLINDEN EN SLECHTZIENDEN
via Alain TABART · Director
→
REGIE MEDIA BELGE
via Jean-Philippe Rousseau · Director
→
SOCIETE DES CAUTIONS MUTUELLES DE WALLONIE
via Sébastien DURIEUX · Director
→
SPA GRAND PRIX
via Sébastien DURIEUX · Director
→
SPARAXIS
via Sébastien DURIEUX · Director
→
TUBES DE HAREN ET NIMY
via Sébastien DURIEUX · Director
→
Wallonie Entreprendre
via Sébastien DURIEUX · Member of the executive committee
→
ASSOCIATION DES DROITS DE L'HOMME
via Alain TABART · Director
former→
B.E. Fin
via Sébastien DURIEUX · Director
former→
Durobor Real Estate
via Sébastien DURIEUX · Director
former→
ESPACE FINANCEMENT
via Sébastien DURIEUX · Director
former→
former→
SOCIETE PUBLIQUE DE GESTION DE L'EAU
via Alain TABART · Member of the executive committee
former→
SPARKOH!
via Alain TABART · Director
former→
W.ALTER.
via Sébastien DURIEUX · Director
former→
WE Environnement
via Sébastien DURIEUX · Member of the executive committee
former→
ACTION LIBERALE BRABANCONNE WALLONNE
Shared director
→
ASSOCIATION POUR LA PROMOTION DES ARTS ET DU PATRIMOINE
Shared director
→
BRUSSELS AIRPORT COMPANY
Shared director
→
BX1
Shared director
→
Cinémathèque Royale de Belgique
Shared director
→
Cittaslow Belgium
Shared director
→
COLLECTIONS ET PATRIMOINES
Shared director
→
Commission Justice et Paix
Shared director
→
Conseil de l'Enseignement des Communes et des Provinces
Shared director
→
FEDERATION FRANCOPHONE ET GERMANOPHONE DES ASSOCIATIONS DE COOPERATION AU DEVELOPPEMENT
Shared director
→
FN Browning Group
Shared director
→
FN HERSTAL
Shared director
→
Fondation Roi Baudouin
Shared director
→
→
ID CAMPUS ASBL
Shared director
→
INTERCOMMUNALE BATAILLE DE WATERLOO 1815
Shared director
→
JEUNES MR
Shared director
→
KIKK
Shared director
→
MITEINANDER TEILEN
Shared director
→
Médiathèque Nouvelle
Shared director
→
PUBLIGAZ
Shared director
→
QUAI 10
Shared director
→
SECRETARIAT DES DEPUTES MR
Shared director
→
SOCOFE
Shared director
→
SONUMA
Shared director
→
Syndicat d'Initiative de Silly
Shared director
→
THEATRE AU VERT
Shared director
→
TotalEnergies Power & Gas Belgium
Shared director
→
VISITWallonia
Shared director
→
VIVAQUA
Shared director
→
WALLIMAGE ENTREPRISES SA
Shared director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
03-09
Gazette deed
1 director appointed, 1 director resigningResignation: Pierre Demeuter (managing director) · Appointment: Medhy Nasser (managing director) · Permanent representative: Guillaume Degand4 points ▸
Gazette deed
1 director appointed, 1 director resigning
Resignation: Pierre Demeuter (managing director) · Appointment: Medhy Nasser (managing director) · Permanent representative: Guillaume Degand4 points ▸
- General meeting, 20-05-2026
- Director resignation, Pierre Demeuter (managing director)
- Director appointment, Medhy Nasser (managing director)
- Permanent representative, Guillaume Degand
13-08
full format · 378 days late
17-07
full format · 14 days before the deadline
2025
31-12
Financial
Weakest financial yearnet -€1.3m
The net result drops to -€1.3m, the lowest from 2018 to 2025.
06-10
Gazette deed
8 directors appointed, 6 directors resigningAppointments: Jean-Philippe ROUSSEAU, Qassem FOSSEPREZ and 6 others · Resignations: Richard MILLER, Virginie VANDEPUTTE and 4 others17 points ▸
Gazette deed
8 directors appointed, 6 directors resigning
Appointments: Jean-Philippe ROUSSEAU, Qassem FOSSEPREZ and 6 others · Resignations: Richard MILLER, Virginie VANDEPUTTE and 4 others17 points ▸
- General meeting, 16-06-2025
- Director appointment, Jean-Philippe ROUSSEAU (director)
- Director appointment, Qassem FOSSEPREZ (director)
- Director appointment, Nora ARRAS (director)
- Director appointment, Clémence DUFRANE (director)
- Director appointment, Xavier PAPIER (director)
- Director appointment, Krystelle WALDERS (director)
- Director appointment, Céline HUPÉ (director)
- Director appointment, Sébastien DURIEUX (director)
- Director appointment, Jean-Philippe ROUSSEAU (chair)
- Director resignation, Richard MILLER (director)
- Director resignation, Virginie VANDEPUTTE (director)
- The act holds 5 more points.
06-10
Gazette deed
Appointment: Joiris - Rousseaux, Réviseurs d'entreprises associés (statutory auditor)3 points ▸
Gazette deed
Appointment: Joiris - Rousseaux, Réviseurs d'entreprises associés (statutory auditor)
3 points ▸
- General meeting, 16-06-2025
- Auditor appointment, Joiris - Rousseaux, Réviseurs d'entreprises associés (statutory auditor)
- Other provision, “Docusign envelope identifier, CFE2B7A4-52E7-4593-8820-992DE67DC675” (deed in French)
04-09
full format · 400 days late
2023
07-07
full format · 24 days before the deadline
05-01
Gazette deed
Appointment: Joiris, Rousseaux & Co (commissaire réviseur)2 points ▸
Gazette deed
Appointment: Joiris, Rousseaux & Co (commissaire réviseur)
2 points ▸
- General meeting, 20-06-2022
- Auditor appointment, Joiris, Rousseaux & Co (commissaire réviseur)
2022
31-12
Financial
Equity above €50mequity €51.5m ▲4%
Equity rises from €49.5m to €51.5m.
20-06
full format · 41 days before the deadline
2021
31-12
Financial
Back to profitnet €308,782
The net result is €308,782, after 2 loss-making years.
Show earlier events
06-12
Gazette deed
Appointments: CHARLES Baptiste, DURIEUX Sébastien and 7 others12 points ▸
Gazette deed
Appointments: CHARLES Baptiste, DURIEUX Sébastien and 7 others
12 points ▸
- General meeting, 25-11-2021
- Director appointment, CHARLES Baptiste (director)
- Director appointment, DURIEUX Sébastien (director)
- Director appointment, HERBAUX Violaine (director)
- Director appointment, HUPE Célíne (director)
- Director appointment, LEFEBVRE Stéphane (director)
- Director appointment, MILLER Richard (director)
- Director appointment, PAPIER Xavier (director)
- Director appointment, VANDEPUTTE Virginie (director)
- Director appointment, WAROUX Véronique (director)
- Director appointment, MILLER Richard (chair)
- Director appointment, VANDEPUTTE Virginie (vice-chair)
21-10
Gazette deed
Reappointments: Xavier Papier, Alain Tabart and 2 others5 points ▸
Gazette deed
Reappointments: Xavier Papier, Alain Tabart and 2 others
5 points ▸
- General meeting, 27-08-2021
- Director reappointment, Xavier Papier (vice président, administrateur)
- Director reappointment, Alain Tabart (director)
- Director reappointment, Violaine Herbaux (director)
- Director reappointment, Virginie Vandeputte (director)
26-08
Gazette deed
Merger: WALLIMAGE takes over Wallimage entreprisesCapital increase to €16,846,371.08 · Reappointments: Xavier Papier, Alain Tabart and 2 others · Shareholding41 points ▸
Gazette deed
Merger: WALLIMAGE takes over Wallimage entreprises
Capital increase to €16,846,371.08 · Reappointments: Xavier Papier, Alain Tabart and 2 others · Shareholding41 points ▸
- General meeting, 29-06-2021
- Capital increase, €16,350,584.04, mentioned 2 times in the deed
- Région wallonne holds 885 shares
- WALLIMAGE holds 138 shares
- Société Wallonne pour le Financement des Infrastructures des Pôles de Compétitivité holds 747 shares
- Other provision, “mise fin à la mission déléguée, apport des actions à la SA WALLIMAGE” (deed in French)
- WALLIMAGE holds all the shares
- Auditor report, “commissaire, article 7:197 du Code des sociétés et des associations” (deed in French)
- Other provision, “rapport du conseil d'administration, ne s'écartant pas des conclusions du rapport du réviseur” (deed in French)
- Share issue, “sans désignation de valeur nominale, identiques aux existantes”, 82447 (deed in French)
- Amendment of the articles, 5, mentioned 2 times in the deed
- Merger, “fusion par absorption, unanimité” (deed in French)
- The act holds 29 more points.
24-06
full format · 37 days before the deadline
14-05
Gazette deed
Merger proposal: Wallimage takes over Wallimage EntreprisesAccounting effect · Capital · Net-asset statement9 points ▸
Gazette deed
Merger proposal: Wallimage takes over Wallimage Entreprises
Accounting effect · Capital · Net-asset statement9 points ▸
- Board meeting, 03-05-2021
- General meeting, 25-06-2021
- Merger, “fusion par absorption (fusion silencieuse)”, 25-06-2021 (deed in French)
- Accounting effect, 01-01-2021
- Capital, €495,787.04
- Capital, €17,052,908.05
- Net-asset statement, 31-12-2020
- Share cancellation, “Les actions de l'absorbée détenues par la SA Wallimage seront annulées” (deed in French)
- Capital increase
2020
03-07
Gazette deed
Appointment: SCRL INTERAUDIT (statutory auditor)2 points ▸
Gazette deed
Appointment: SCRL INTERAUDIT (statutory auditor)
2 points ▸
- General meeting, 20-05-2019
- Auditor appointment, SCRL INTERAUDIT
17-06
full format · 44 days before the deadline
2019
31-12
Financial
Equity above €25mequity €25.9m ▲17.2%
Equity rises from €22.1m to €25.9m.
17-06
full format · 44 days before the deadline
20-03
Gazette deed
Amendment of the articlesShareholding · Power of attorney4 points ▸
Gazette deed
Amendment of the articles
Shareholding · Power of attorney4 points ▸
- General meeting, 15-03-2019
- Amendment of the articles, mentioned 2 times in the deed
- REGION WALLONNE is a shareholder
- Power of attorney, Virginie NOUVELLE, mentioned 2 times in the deed
2018
17-07
Gazette deed
Merger: WALLIMAGE takes over WALLIMAGE COPRODUCTIONSResignation: Nathalie LAFONTAINE (director) · Appointment: Virginie VANDEPUTTE (director) · Accounting effect11 points ▸
Gazette deed
Merger: WALLIMAGE takes over WALLIMAGE COPRODUCTIONS
Resignation: Nathalie LAFONTAINE (director) · Appointment: Virginie VANDEPUTTE (director) · Accounting effect11 points ▸
- General meeting, 22-06-2018
- Merger, “absorption”, 01-01-2018 (deed in French)
- Accounting effect, 01-01-2018
- Share cancellation, “fusion, intégralité du capital de la société absorbée” (deed in French)
- Amendment of the articles
- Director resignation, Nathalie LAFONTAINE (director)
- Director appointment, Virginie VANDEPUTTE (director)
- Power of attorney
- Merger costs, “2.292,12 € entièrement à charge de la société absorbante” (deed in French)
- Merger filing, “Tribunal de Commerce de Mons”, 21-03-2018 (deed in French)
- Pro fisco, “Fusion pour cause d'utilité publique; gratuité des droits d'enregistrement et exonération du droit d'écriture; bénéfice des articles 210 § 1er, 1°, 211 § 1er al…” (deed in French)
28-06
Gazette deed
Capital increase of €247,893.52Amendment of the articles · Power of attorney5 points ▸
Gazette deed
Capital increase of €247,893.52
Amendment of the articles · Power of attorney5 points ▸
- General meeting, 22-06-2018
- Capital increase, €247,893.52
- Capital, €495,787.04
- Amendment of the articles
- Power of attorney, DEWAILLY Sébastien
20-04
full format · 102 days before the deadline
04-04
Gazette deed
Merger proposal: Wallimage takes over Wallimage CoproductionsCompany renamed to Wallimage Coproductions · Accounting effect · Capital7 points ▸
Gazette deed
Merger proposal: Wallimage takes over Wallimage Coproductions
Company renamed to Wallimage Coproductions · Accounting effect · Capital7 points ▸
- Board meeting, 01-03-2018
- Merger, “absorption”, 25-05-2018 (deed in French)
- Accounting effect, 01-01-2018
- Capital, €247,893.52, mentioned 2 times in the deed
- Name change, Wallimage Coproductions
- Capital increase
- Share cancellation, “article 78 § 6 de l'Arrêté Royal d'exécution des sociétés du 30-01-2011” (deed in French)
2017
18-09
Gazette deed
2 directors appointed, 6 reappointedReappointments: Jean-Pierre Désiron, Nathalie Lafontaine and 4 others · Appointments: Jean-Pierre Désiron (chair) and Xavier Papier (vice-chair)9 points ▸
Gazette deed
2 directors appointed, 6 reappointed
Reappointments: Jean-Pierre Désiron, Nathalie Lafontaine and 4 others · Appointments: Jean-Pierre Désiron (chair) and Xavier Papier (vice-chair)9 points ▸
- General meeting, 17-03-2017
- Director reappointment, Jean-Pierre Désiron (director)
- Director reappointment, Nathalie Lafontaine (director)
- Director reappointment, Alain Tabart (director)
- Director reappointment, Yves Vandercruysen (director)
- Director reappointment, Violaine Herbaux (director)
- Director reappointment, Xavier Papier (director)
- Director appointment, Jean-Pierre Désiron (chair)
- Director appointment, Xavier Papier (vice-chair)
06-07
full format · 25 days before the deadline
2016
22-04
Gazette deed
6 directors appointed, 8 directors resigningResignations: Karim Ibourki, Mathieu Perrin and 6 others · Appointments: Virginie Vandeputte, Baptiste Meur and 4 others15 points ▸
Gazette deed
6 directors appointed, 8 directors resigning
Resignations: Karim Ibourki, Mathieu Perrin and 6 others · Appointments: Virginie Vandeputte, Baptiste Meur and 4 others15 points ▸
- General meeting, 18-03-2016
- Director resignation, Karim Ibourki (commissaire rw)
- Director resignation, Mathieu Perrin (commissaire rw)
- Director appointment, Virginie Vandeputte (commissaire rw)
- Director appointment, Baptiste Meur (commissaire rw)
- Director resignation, Frédéric Delcor (observateur fwb)
- Director resignation, Dominique Junne (observateur fwb)
- Director appointment, Jeanne Brunfaut (observateur fwb)
- Director appointment, Quentin Hayois (observateur fwb)
- Director resignation, André-Marie Poncelet (chair)
- Director resignation, Vincent Scourneau (director)
- Director appointment, Yves Vander Cruysen (director)
- The act holds 3 more points.
2013
19-03
Gazette deed
Reappointment: SPRL Joiris-Rousseaux (statutory auditor)2 points ▸
Gazette deed
Reappointment: SPRL Joiris-Rousseaux (statutory auditor)
2 points ▸
- General meeting, 28-01-2013
- Auditor reappointment, SPRL Joiris-Rousseaux
2011
21-12
Gazette deed
Appointments: Nathalie Lafontaine, Alain Tabart and 4 others9 points ▸
Gazette deed
Appointments: Nathalie Lafontaine, Alain Tabart and 4 others
9 points ▸
- General meeting, 18-03-2011
- Director appointment, Nathalie Lafontaine (director)
- Director appointment, Alain Tabart (director)
- Director appointment, Viricent Scourneau (director)
- Director appointment, Grégory Van Lint (director)
- Director appointment, André-Marie Poncelet (director)
- Director appointment, Jean-Pierre Désiron (director)
- Director appointment, André-Marie Poncelet (chair)
- Director appointment, Jean-Pierre Désiron (vice-chair)
2009
02-10
Gazette deed
Resignation: Eric Mathay (commissaire aux comptes)Appointment: Rousseaux (commissaire aux comptes)3 points ▸
Gazette deed
Resignation: Eric Mathay (commissaire aux comptes)
Appointment: Rousseaux (commissaire aux comptes)3 points ▸
- General meeting, 20-03-2009
- Director resignation, Eric Mathay (commissaire aux comptes)
- Auditor appointment, Rousseaux (commissaire aux comptes)
2006
24-07
Gazette deed
4 directors appointed, 2 directors resigning, 4 reappointedReappointments: Bollen, Mathay & Co, Vincent Scourneau and 3 others · Resignations: André-Marie Poncelet (director) and Frédéric Fontaine (director) · Appointments: Jacqueline Aubenas, Jean-Louis Rollé and Olivier Vanderijst13 points ▸
Gazette deed
4 directors appointed, 2 directors resigning, 4 reappointed
Reappointments: Bollen, Mathay & Co, Vincent Scourneau and 3 others · Resignations: André-Marie Poncelet (director) and Frédéric Fontaine (director) · Appointments: Jacqueline Aubenas, Jean-Louis Rollé and Olivier Vanderijst13 points ▸
- General meeting, 17-03-2006
- Auditor reappointment, Bollen, Mathay & Co
- Director resignation, André-Marie Poncelet
- Director resignation, Frédéric Fontaine
- Director reappointment, Vincent Scourneau (director)
- Director reappointment, Alain Tabart (director)
- Director reappointment, Yves Vander Cruysen (director)
- Director reappointment, Olivier Vanderijst (director)
- Director appointment, Jacqueline Aubenas (director)
- Director appointment, Jean-Louis Rollé (director)
- Board meeting, 23-03-2006
- Director appointment, Olivier Vanderijst (chair)
- The act holds 1 more point.
07-07
Gazette deed
Amendment of the articles · Miscellaneous1 point ▸
Gazette deed
Amendment of the articles · Miscellaneous
1 point ▸
- Amendment of the articles
10-04
Gazette deed
Registered office moved from Liège to MonsNew seat: 7000 Mons, rue du Onze Novembre, 6 · Previous seat: 4000 Liège, Avenue Maurce Destenay, 13 · Amendment of the articles3 points ▸
Gazette deed
Registered office moved from Liège to Mons
New seat: 7000 Mons, rue du Onze Novembre, 6 · Previous seat: 4000 Liège, Avenue Maurce Destenay, 13 · Amendment of the articles3 points ▸
- General meeting, 17-03-2006
- Registered-office move, 7000 Mons, rue du Onze Novembre, 6
- Amendment of the articles, mentioned 4 times in the deed
2000
16-06
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
WALLIMAGE was incorporated on 7 June 2000.1 The registered office was moved to Mons in 2006.2 Between 2018 and 2021 the capital was increased 3 times, most recently to €16.8m.345 WALLIMAGE COPRODUCTIONS and WALLIMAGE ENTREPRISES were merged into the company between 2018 and 2021.67 The board currently has 8 members, 8 of whom have served since 2025.8 Turnover grew from €99,114 in 2021 to €662,851 in 2025 and headcount from 14.2 to 15 full-time equivalents.9
- 1KBO register
- 2Belgian Official Gazette, 10-04-2006
- 3Belgian Official Gazette, 28-06-2018
- 4Belgian Official Gazette, 14-05-2021
- 5Belgian Official Gazette, 26-08-2021
- 6Belgian Official Gazette, 17-07-2018
- 7Belgian Official Gazette, 08-09-2022
- 8National Bank, annual accounts 2025
- 9National Bank, annual accounts 2021 and 2025
Company details
Register details
Identity
KBO recordName
WALLIMAGE in French
Enterprise number
0472.062.970
LEI code
64880070CHEJVA4PG895
live in the LEI register
Legal form
Public limited company
Status
Active, normale toestand
Founded
07-06-2000
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 26-08-2021 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“7000 Mons, rue du Onze Novembre 6, sièges administratifs, agences, ateliers, dépôts et succursales en Belgique et à l'étranger par simple…”
deed of 26-08-2021 (in French)Registered office and establishments
Registered office
Rue du Onze Novembre 6, 7000 Mons, Belgium
1 former office
- 4000 Liège until the act of 10-04-2006
Establishment units
WALLIMAGE, Rue du Onze Novembre 6, 7000 Mons since 23-05-2001 · unit number 2.097.854.43464210 Activities of holding companies
WALLIMAGE, Rue de Mulhouse 36, 4020 Liège since 01-01-2019 · unit number 2.312.867.505
E-mail
JFT@WALLIMAGE.BELiège
Phone
042669833Liège
Activities
NACEBEL 2025VAT activities
59111
Production of cinema films main activity
Social security (RSZ) activities
64210
Activities of holding companies main activity
Codes under NACEBEL 2008
VAT activities
59111
Production of cinema films main activity
Social security (RSZ) activities
64200
Holdings main activity
Codes under NACEBEL 2003
65231
main activity
Joint committees
200 Aanvullend Paritair Comité voor de bedienden
100 Aanvullend Paritair Comité voor de werklieden annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 26-08-2021 (in French)
“Le financement et le co-financement, la production et la coproduction de projets dans le secteur du cinéma et plus largement de…”
9 activities
- Le financement et le co-financement, la production et la coproduction de projets dans le secteur du cinéma et plus largement de l'audiovisuel sous toutes ses formes
- Le financement et le co-financement, la production et la coproduction de projets dans le secteur du jeu vidéo et plus largement du gaming sous toutes ses formes
- Le service d'accueil de tournages wallons à tout type de projets audiovisuels
- La prise de participation ou d'intérêts dans des projets ayant pour but le développement et la promotion de la Wallonie comme lieu de développement de tournage et de postproduction de projets cinématographiques ou audiovisuels
- Le financement d'actions préparatoires ou de promotions liées à l'objet visé à l'alinéa 1 (production ou coproduction de projets cinématographiques ou audiovisuels) pour autant que ce financement soit intégralement couvert par des recettes spécifiques
- La promotion, l'accompagnement et le financement en prêt ou en capital, de façon minoritaire, des sociétés du secteur de l'image, du son, de l'audiovisuel sous toute ses formes, du cinéma, de la télévision, du multimédia, des technologies de l'information, du gaming, ainsi que la fourniture de services à ces sociétés
- Toute mission qui lui serait confiée par le Gouvernement par décret ou par arrêté du Gouvernement Wallon dans les secteurs de l'industrie de l'image, du cinéma, du jeu vidéo et de la bande dessinée ainsi que toutes missions ayant un lien avec les secteurs du visuel en général
- La gestion de son propre patrimoine et réaliser toutes opérations se rattachant directement ou indirectement à son objet, que ce soit en matière commerciale, industrielle, mobilières, immobilières ou financières
- S'intéresser par toutes voies de droit dans toutes affaires entreprises ou sociétés ayant un objet identique, analogue ou connexe
Invoicing and payment
VAT number
BE 0472.062.970
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of June at 10:00
deed of 26-08-2021 (in French)Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
“Simple majorité des voix pour lesquelles il est pris part au vote, trois/quarts des voix pour lesquelles il est pris part au vote”
deed of 26-08-2021 (in French)Sites & property
Location
Buildings and parcels at the addresses
Ground area
1.4 ha
Building footprint
5,073 m²
Building volume
42,721 m³
Tallest building: 17.4 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62817B0418/00G002 | Wallonia | 1.3 ha | 1 · 4,913 m² | 16.3 m · 3 |
| 53403F0500/00F000 | Wallonia | 702 m² | 1 · 161 m² | 17.4 m · 5 |