OPENING OF BANKRUPTCY

THE PICTURE LAB

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Financial year 2025 · closed on 30/09/2025

Net result

-19,3 k €

-147.8% YoY

Gross margin

-780,6 €

-101.1% YoY

Equity

30,2 k €

-39.0% YoY

Company — Opening of bankruptcy.

What does THE PICTURE LAB do?

THE PICTURE LAB is a Private limited company incorporated in 2000. Its main activity is: Photographic activities. Its registered office is in Antwerpen.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0469.790.695

Incorporation

17/01/2000

Legal form

Private limited company

Registered office

Argentiniëlaan 49
2030 Antwerpen · FlandreSee on map

Contributed capital

18 750,00 €

Latest accounts

30/09/2025

Activities (NACE)

74201Photographic activities· main 74201Photographic activities 74209Photographic activities 74209Photographic activities

Joint committees (1)

Contacts

2 public details availableLog in to view

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Gross margin	-780,6 €	-101%	73,1 k €	+545%	-16,4 k €	-160%	27,4 k €	-47.1%	51,8 k €	-38.7%	84,4 k €	+208%	27,4 k €	-57.2%	64 k €	+8.0%	59,2 k €	-14.2%	69 k €	-7.8%	74,9 k €	+10.8%	67,5 k €	-37.8%	108,5 k €	-23.6%	142,1 k €	-19.8%	177,1 k €	+44.0%	123 k €	-41.7%	211,1 k €	+22.9%	171,7 k €
EBITDA	-12,1 k €	-119%	64,6 k €	+389%	-22,3 k €	-188%	25,4 k €	-42.9%	44,5 k €	-40.8%	75,2 k €	+418%	14,5 k €	-13.0%	16,7 k €	-12.0%	19 k €	+76.6%	10,7 k €	-56.7%	24,8 k €	+46.3%	17 k €	-31.5%	24,8 k €	-42.0%	42,7 k €	-5.1%	45 k €	+102%	22,2 k €	-49.0%	43,6 k €	+2419%	1,7 k €
Operating result	-14,6 k €	-123%	63,3 k €	+360%	-24,3 k €	-262%	15 k €	-55.7%	33,9 k €	-35.0%	52,1 k €	+2254%	2,2 k €	-68.3%	7 k €	-0.7%	7 k €	+244%	-4,9 k €	-138%	12,8 k €	+383%	-4,5 k €	-208%	-1,5 k €	-108%	17,5 k €	-12.3%	19,9 k €	+550%	3,1 k €	-65.5%	8,9 k €	+137%	-24,2 k €
Net result	-19,3 k €	-148%	40,4 k €	+240%	-29 k €	-565%	6,2 k €	-67.1%	18,9 k €	+162%	7,2 k €	+239%	-5,2 k €	-745%	806,3 €	+120%	-4 k €	+13.3%	-4,6 k €	-155%	8,5 k €	+177%	-11 k €	+15.6%	-13,1 k €	-298%	6,6 k €	-63.8%	18,3 k €	+6018%	-308,4 €	-115%	2 k €	+114%	-14,1 k €
Balance sheet
Equity	30,2 k €	-39.0%	49,5 k €	+45.3%	34,1 k €	-46.0%	63,1 k €	+11.0%	56,8 k €	+50.0%	37,9 k €	+23.5%	30,7 k €	-14.5%	35,9 k €	+2.3%	35,1 k €	-10.3%	39,1 k €	-10.6%	43,7 k €	+24.1%	35,3 k €	-23.8%	46,3 k €	-22.0%	59,3 k €	+12.5%	52,7 k €	+18.5%	44,5 k €	-0.7%	44,8 k €	+48.0%	30,3 k €
Total assets	117,5 k €	-36.8%	185,9 k €	+53.2%	121,3 k €	-20.5%	152,7 k €	-23.1%	198,6 k €	+1.2%	196,3 k €	-10.4%	219 k €	-24.3%	289,4 k €	+55.2%	186,5 k €	-12.1%	212,1 k €	-2.5%	217,6 k €	+48.3%	146,8 k €	-40.7%	247,6 k €	+13.0%	219,1 k €	-12.0%	249,1 k €	+30.0%	191,6 k €	+29.9%	147,5 k €	-7.6%	159,7 k €
Cash	19,8 k €	-59.4%	48,8 k €	+607%	6,9 k €	-82.8%	40,2 k €	+1.0%	39,8 k €	-20.4%	49,9 k €	+222%	15,5 k €	+6.1%	14,6 k €	+116%	6,8 k €	-65.2%	19,5 k €	-63.8%	53,8 k €	+1793%	2,8 k €	-91.4%	33 k €	+271%	8,9 k €	-71.4%	31,1 k €	+54.2%	20,2 k €	+523%	3,2 k €	-72.0%	11,6 k €
Debts	87,3 k €	-36.0%	136,3 k €	+56.7%	87 k €	-2.7%	89,4 k €	-36.9%	141,7 k €	-10.5%	158,4 k €	-15.9%	188,3 k €	-25.7%	253,6 k €	+67.4%	151,4 k €	-12.5%	173 k €	-0.5%	173,9 k €	+55.9%	111,6 k €	-44.6%	201,4 k €	+53.7%	131 k €	-21.8%	167,6 k €	+18.7%	141,1 k €	+37.3%	102,7 k €	-20.5%	129,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-56.5%	2,3 ETP	-8.0%	2,5 ETP	0.0%	2,5 ETP	+25.0%	2,0 ETP	-4.8%	2,1 ETP	-40.0%	3,5 ETP

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 11 ended

Active mandates

IMMO CLAES

Director · since 24 août 2012 · 0449.131.180

Represented by Claes Margareta

Active

Ended mandates

IMMO CLAES

Manager · since 24 août 2012 · 0449.131.180

Represented by Margareta Claes

Ended

IMMO CLAES

Onbekend · since 24 août 2012 · 0449.131.180

Represented by Margareta Claes

Ended

IMMO CLAES

Director · since 24 août 2012 · 0449.131.180

Represented by Margareta Claes

Ended

IMMO CLAES

Manager · since 24 août 2012 · 0449.131.180

Represented by Margareta Claes

Ended

At this address

Other companies at this address

Company	CBE no.
IMMO CLAES● Active	0449.131.180
KMS Forwarding● Active	0727.825.444
Vereniging van Mede-eigenaars te Antwerpen, Argentiniëlaan 49● Active	0830.851.124

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	21 months
Filing date	21/04/2026	19/03/2025	18/03/2024	11/04/2023	24/03/2022	26/03/2021
General meeting	10/03/2026	11/03/2025	12/03/2024	14/03/2023	08/03/2022	09/03/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	10/03/2026	21/04/2026	Dutch	PDF
Micro model	30/09/2024	11/03/2025	19/03/2025	Dutch	PDF
Micro model	30/09/2023	12/03/2024	18/03/2024	Dutch	PDF
Micro model	30/09/2022	14/03/2023	11/04/2023	Dutch	PDF
Micro model	30/09/2021	08/03/2022	24/03/2022	Dutch	PDF
Micro model	30/09/2020	09/03/2021	26/03/2021	Dutch	PDF
Micro model	31/12/2018	11/06/2019	12/06/2019	Dutch	PDF
Micro model	31/12/2017	12/06/2018	20/06/2018	Dutch	PDF
Micro model	31/12/2016	13/06/2017	14/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	29/06/2016	Dutch	PDF
Abridged model	30/09/2014	10/03/2015	16/03/2015	Dutch	PDF
Abridged model	30/09/2013	11/03/2014	24/03/2014	Dutch	PDF
Abridged model	30/09/2012	12/03/2013	18/03/2013	Dutch	PDF
Abridged model	30/09/2011	13/03/2012	29/03/2012	Dutch	PDF
Abridged model	30/09/2010	08/03/2011	25/03/2011	Dutch	PDF
Abridged model	30/09/2009	09/03/2010	22/04/2010	Dutch	PDF
Abridged model	30/09/2008	10/03/2009	26/03/2009	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	29/08/2007	Dutch	PDF

Estimate

Indicative valuation

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 11 ended

Active mandates

IMMO CLAES

Director · since 24 août 2012 · 0449.131.180

Represented by Claes Margareta

Active

Ended mandates

IMMO CLAES

Manager · since 24 août 2012 · 0449.131.180

Represented by Margareta Claes

Ended

IMMO CLAES

Onbekend · since 24 août 2012 · 0449.131.180

Represented by Margareta Claes

Ended

IMMO CLAES

Director · since 24 août 2012 · 0449.131.180

Represented by Margareta Claes

Ended

IMMO CLAES

Manager · since 24 août 2012 · 0449.131.180

Represented by Margareta Claes

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/01/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other19/10/2015
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates22/01/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other24/01/2008
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/06/2007
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/12/2004
BENAMING - DOEL - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/12/2004
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-19,3 k €↓
2024
Annual accounts 202440,4 k €↑
2023
Annual accounts 2023-29 k €↓
2022
Annual accounts 20226,2 k €↓
2021
Annual accounts 202118,9 k €↑
2020
Annual accounts 20207,2 k €↑
2018
Annual accounts 2018-5,2 k €↓
2017
Annual accounts 2017806,3 €↑
2016
Annual accounts 2016-4 k €↑
2015
Annual accounts 2015-4,6 k €↓
2014
Annual accounts 20148,5 k €↑
2013
Annual accounts 2013-11 k €↑
2012
Annual accounts 2012-13,1 k €↓
2011
Annual accounts 20116,6 k €↓
2010
Annual accounts 201018,3 k €↑
2009
Annual accounts 2009-308,4 €↓
2008
Annual accounts 20082 k €↑
2006
Annual accounts 2006-14,1 k €
17/01/2000
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

THE PICTURE LAB

Overview

What does THE PICTURE LAB do?

Trend over 18 financial years

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