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PHOTO NEWS

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Financial year 2025 · Closed on 31/12/2025

Net result80,9 k €-47,9 %over 1 year

Gross margin894,8 k €-5,8 %over 1 year

Equity181,6 k €+13,0 %over 1 year

Workforce8,8 ETP

Identity

Source · BCE/KBO

PHOTO NEWS is a Public limited company incorporated in 1979. Its registered office is in Forest. It employs on average 8,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0419.795.313
Incorporation: 05/09/1979
Legal form: Public limited company
Registered office: Av R.M.-Henriette 101
1190 Forest · BruxellesSee on map
Contributed capital: 99 157,41 €
Latest accounts: 31/12/2025
Average workforce: 8,8 ETP

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	894,8 k €	-5.8%	949,8 k €	+1.4%	936,9 k €	+24.9%	750,4 k €	-16.0%	893,7 k €
EBITDA	161 k €	-37.0%	255,4 k €	+29.2%	197,7 k €	+85.2%	106,8 k €	-65.7%	311,3 k €
Operating result	133 k €	-43.0%	233,1 k €	+32.1%	176,5 k €	+114%	82,4 k €	-70.8%	281,8 k €
Net result	80,9 k €	-47.9%	155,3 k €	+48.6%	104,5 k €	+126%	46,1 k €	-75.5%	188,4 k €
Balance sheet
Equity	181,6 k €	+13.0%	160,7 k €	-27.8%	222,6 k €	+38.1%	161,2 k €	-1.1%	163 k €
Total assets	1 M €	-3.7%	1,1 M €	+7.5%	980,3 k €	+8.5%	903,1 k €	-2.1%	922,4 k €
Cash	32,1 k €	-19.0%	39,6 k €	+83.3%	21,6 k €	-31.5%	31,5 k €	-89.8%	310,2 k €
Debts	719,1 k €	-5.8%	763 k €	+30.0%	586,8 k €	-7.1%	631,4 k €	-12.0%	717,9 k €
Other
Workforce	8,8 ETP		–		9,7 ETP	0.0%	9,7 ETP	-1.0%	9,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Michel De Vinck

Managing director

Active

Paul-Henry Versele

Managing director

Active

Yves Smets

Managing director

Active

Ended mandates

Paul-Henry Versele

Director · since 20 novembre 2013 · until 20 novembre 2019

Ended

Yves Smets

Director · since 20 novembre 2013 · until 20 novembre 2019

Ended

Michel De Vinck

Managing director · since 20 janvier 2010 · until 20 janvier 2016

Ended

Jan Van Hulst

Managing director

Ended

Other companies at this address

Av R.M.-Henriette 101 1190 Forest

Company	CBE no.
IMMOBILIERE REINE MARIE-HENRIETTE● Active	0431.524.195
NUBIFIN● Active	0725.541.093

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	28/08/2025	30/08/2024	29/08/2023	31/08/2022	30/08/2021
General meeting	19/05/2026	20/05/2025	21/05/2024	16/05/2023	17/05/2022	18/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/05/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	20/05/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	21/05/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	16/05/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	17/05/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/05/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	13/11/2020	Dutch	PDF
Abridged model	30/06/2018	20/11/2018	08/02/2019	Dutch	PDF
Abridged model	30/06/2017	21/11/2017	29/11/2017	Dutch	PDF
Abridged model	30/06/2016	15/11/2016	22/12/2016	Dutch	PDF
Abridged model	30/06/2015	17/11/2015	29/02/2016	Dutch	PDF
Abridged model	30/06/2014	18/11/2014	27/02/2015	Dutch	PDF
Abridged model	30/06/2013	19/11/2013	16/12/2013	Dutch	PDF
Abridged model	30/06/2012	20/11/2012	28/01/2013	Dutch	PDF
Abridged model	30/06/2011	15/11/2011	27/01/2012	Dutch	PDF
Abridged model	30/06/2010	16/11/2010	28/01/2011	Dutch	PDF
Abridged model	30/06/2009	15/11/2009	29/12/2009	Dutch	PDF
Abridged model	30/06/2008	20/11/2008	11/12/2008	Dutch	PDF
Abridged model	30/06/2007	20/11/2007	27/12/2007	Dutch	PDF
Abridged model	30/06/2006	21/11/2006	29/01/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Michel De Vinck

Managing director

Active

Paul-Henry Versele

Managing director

Active

Yves Smets

Managing director

Active

Ended mandates

Paul-Henry Versele

Director · since 20 novembre 2013 · until 20 novembre 2019

Ended

Yves Smets

Director · since 20 novembre 2013 · until 20 novembre 2019

Ended

Michel De Vinck

Managing director · since 20 janvier 2010 · until 20 janvier 2016

Ended

Jan Van Hulst

Managing director

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates19/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/09/2019
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Other08/07/2019
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates23/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/03/2013
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 202580,9 k €↓
2024
Annual accounts 2024155,3 k €↑
2023
Annual accounts 2023104,5 k €↑
2022
Annual accounts 202246,1 k €↓
2021
Annual accounts 2021188,4 k €↓
2020
Annual accounts 2020289,3 k €↓
2019
Annual accounts 2019417,4 k €↑
2018
Annual accounts 2018205,3 k €↑
2017
Annual accounts 2017113,1 k €↓
2016
Annual accounts 2016250,4 k €↑
2015
Annual accounts 2015245,3 k €↑
2014
Annual accounts 2014200,9 k €↑
2013
Annual accounts 201310,4 k €↓
2012
Annual accounts 201214,2 k €↓
2011
Annual accounts 201161,7 k €↓
2010
Annual accounts 201066,7 k €↑
2009
Annual accounts 200935,2 k €↓
2008
Annual accounts 200851,1 k €↑
2007
Annual accounts 200723,4 k €
05/09/1979
IncorporationPublic limited company

PHOTO NEWS

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline