ACTIVE

BELGA STUDIOS

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Financial year 2025 · closed on 31/12/2025

Net result

-283,9 k €

-248.8% YoY

Gross margin

-28,5 k €

Equity

122,7 k €

-69.8% YoY

What does BELGA STUDIOS do?

BELGA STUDIOS is a Private limited company incorporated in 2012. Its main activity is: Motion picture, video and television programme production activities. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0849.078.909

Incorporation

24/09/2012

Legal form

Private limited company

Registered office

Drève Richelle 161 J
1410 Waterloo · WallonieSee on map

Contributed capital

1 050 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

59111Motion picture, video and television programme production activities· main 59111Motion picture, video and television programme production activities 59112Motion picture, video and television programme production activities 59112Motion picture, video and television programme production activities 59120Motion picture, video and television programme post-production activities 59120Motion picture, video and television programme post-production activities

Joint committees (1)

30301

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	-28,5 k €		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-28,6 k €	+55.9%	-64,8 k €	-159%	110,5 k €	+360%	-42,5 k €	-91.5%	-22,2 k €	+10.5%	-24,8 k €	+57.9%	-58,8 k €	-42.8%	-41,2 k €	+59.1%	-100,8 k €	-207%	-32,8 k €	-106%	582,7 k €	+5488%	-10,8 k €	-717%	-1,3 k €
Operating result	-28,6 k €	+98.1%	-1,5 M €	-1458%	110,5 k €	+360%	-42,5 k €	-91.5%	-22,2 k €	+10.5%	-24,8 k €	+57.9%	-58,8 k €	-42.8%	-41,2 k €	+59.2%	-101 k €	-182%	-35,8 k €	-299%	-9 k €	+19.7%	-11,2 k €	-521%	-1,8 k €
Net result	-283,9 k €	-249%	-81,4 k €	+52.0%	-169,5 k €	-70.4%	-99,5 k €	-77.2%	-56,1 k €	-8.2%	-51,9 k €	+39.4%	-85,6 k €	-35.7%	-63,1 k €	+45.7%	-116,2 k €	-173%	-42,6 k €	-265%	-11,7 k €	+6.8%	-12,5 k €	-294%	-3,2 k €
Balance sheet
Equity	122,7 k €	-69.8%	406,6 k €	-54.9%	902 k €	+1076%	-92,4 k €	-1404%	7,1 k €	-88.8%	63,2 k €	-45.1%	115,1 k €	-39.9%	191,6 k €	-22.1%	245,9 k €	-32.1%	362,1 k €	+32.8%	272,7 k €	-4.1%	284,3 k €	-4.2%	296,8 k €
Total assets	3,9 M €	-2.0%	4 M €	-17.1%	4,8 M €	+79.1%	2,7 M €	+14.2%	2,4 M €	+17.1%	2 M €	+21.7%	1,7 M €	+16.5%	1,4 M €	+22.1%	1,2 M €	+6.2%	1,1 M €	+20.5%	912,7 k €	+81.9%	501,7 k €	+32.4%	378,8 k €
Cash	144,5 k €	-36.9%	229,1 k €	+6128%	3,7 k €	-36.4%	5,8 k €	+15.1%	5 k €	-42.1%	8,7 k €	-14.2%	10,1 k €	-65.6%	29,4 k €	+593%	4,2 k €	-89.4%	39,9 k €	+1802%	2,1 k €	-93.0%	30,1 k €	-84.4%	192,7 k €
Debts	3,8 M €	+5.5%	3,6 M €	+4.0%	3,4 M €	+24.5%	2,7 M €	+18.9%	2,3 M €	+21.1%	1,9 M €	+27.6%	1,5 M €	+30.8%	1,1 M €	+37.3%	833,5 k €	+52.4%	546,8 k €	-13.2%	630,1 k €	+193%	214,9 k €	+166%	80,7 k €
Other
Workforce	–		–		43,0 ETP		–		–		–		–		–		–		0,1 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 12 ended

Active mandates

10/9 FILMS

Director · since 25 mars 2026 · 0679.991.675

Represented by Bastien SIRODOT

Active

AND FINANCE FOR ALL

Director · since 22 novembre 2024 · until 25 mars 2026 · 0734.906.543

Represented by Laurent JACOBS

Active

Frederick Delahaye

Director · since 22 novembre 2024 · until 25 mars 2026

Active

Jean-Jacques NEIRA

Director · since 22 novembre 2024 · until 25 mars 2026

Active

Patrick VANDENBOSCH

Director · since 18 février 2016

Active

Ended mandates

AND FINANCE FOR ALL

Director · since 22 novembre 2024 · 0734.906.543

Represented by Laurent JACOBS

Ended

Frederick Delahaye

Director · since 22 novembre 2024

Ended

Jean-Jacques NEIRA

Director · since 22 novembre 2024

Ended

Jean-Jacques NEIRA

Director · since 30 juin 2021 · until 25 juin 2025

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Full model	Full 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	03/07/2026	28/07/2025	18/07/2024	11/07/2023	06/09/2022	05/07/2021
General meeting	30/06/2026	25/06/2025	26/06/2024	28/06/2023	29/06/2022	30/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	03/07/2026	French	PDF
Full model	31/12/2024	25/06/2025	28/07/2025	French	PDF
Full model	31/12/2023	26/06/2024	18/07/2024	French	PDF
Full model	31/12/2022	28/06/2023	11/07/2023	French	PDF
Full modelCorrection	31/12/2021	29/06/2022	06/09/2022	French	PDF
Full model	31/12/2021	29/06/2022	14/07/2022	French	PDF
Full model	31/12/2020	30/06/2021	05/07/2021	French	PDF
Full model	31/12/2019	24/06/2020	29/06/2020	French	PDF
Full model	31/12/2018	26/06/2019	02/07/2019	French	PDF
Full model	31/12/2017	27/06/2018	05/07/2018	French	PDF
Full model	31/12/2016	28/06/2017	30/06/2017	French	PDF
Full model	31/12/2015	29/06/2016	18/07/2016	French	PDF
Full model	31/12/2014	24/06/2015	25/06/2015	French	PDF
Full model	31/12/2013	25/06/2014	30/09/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2025 · 5 active · 12 ended

Active mandates

10/9 FILMS

Director · since 25 mars 2026 · 0679.991.675

Represented by Bastien SIRODOT

Active

AND FINANCE FOR ALL

Director · since 22 novembre 2024 · until 25 mars 2026 · 0734.906.543

Represented by Laurent JACOBS

Active

Frederick Delahaye

Director · since 22 novembre 2024 · until 25 mars 2026

Active

Jean-Jacques NEIRA

Director · since 22 novembre 2024 · until 25 mars 2026

Active

Patrick VANDENBOSCH

Director · since 18 février 2016

Active

Ended mandates

AND FINANCE FOR ALL

Director · since 22 novembre 2024 · 0734.906.543

Represented by Laurent JACOBS

Ended

Frederick Delahaye

Director · since 22 novembre 2024

Ended

Jean-Jacques NEIRA

Director · since 22 novembre 2024

Ended

Jean-Jacques NEIRA

Director · since 30 juin 2021 · until 25 juin 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates08/05/2026
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates28/11/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates20/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates16/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates09/10/2020
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Mandates18/10/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates25/07/2017
DEMISSIONS, NOMINATIONS
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 2025-283,9 k €↓
2024
Annual accounts 2024-81,4 k €↑
2023
Annual accounts 2023-169,5 k €↓
2022
Annual accounts 2022-99,5 k €↓
2021
Annual accounts 2021-56,1 k €↓
2020
Annual accounts 2020-51,9 k €↑
2019
Annual accounts 2019-85,6 k €↓
2018
Annual accounts 2018-63,1 k €↑
2017
Annual accounts 2017-116,2 k €↓
2016
Annual accounts 2016-42,6 k €↓
2015
Annual accounts 2015-11,7 k €↑
2014
Annual accounts 2014-12,5 k €↓
2013
Annual accounts 2013-3,2 k €
24/09/2012
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

BELGA STUDIOS

Overview

What does BELGA STUDIOS do?

Trend over 13 financial years

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