4EARS
ActiveSummary
4EARS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-25k) and a net result of €106k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-1
Solvency23▲+10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.41 in 2024; short-term debt: 57.8% and cash: 2.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.9%
Return on assets
8%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 391 sector peers (2025).
NBB · sector comparisonPosition among 391 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
2 d early
2023
1 d early
2022
6 d early
2021
2 d late
2020
29 d early
2019
49 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-25k▲ 81.0%
2024 · €-131k
2019: €195k
2020: €210k▲ +7.4% vs 2019highest in 7 years
2021: €-78k▼ -137% vs 2020
2022: €-258k▼ -229% vs 2021lowest in 7 years
2023: €-236k▲ +8.6% vs 2022
2024: €-131k▲ +44.3% vs 2023
2025: €-25k▲ +81.0% vs 2024
2019 → 2025
Total assets
€1.33M▲ 19.8%
2024 · €1.11M
2019: €1.31M
2020: €1.17M▼ -11.3% vs 2019
2021: €851k▼ -27.0% vs 2020
2022: €793k▼ -6.9% vs 2021lowest in 7 years
2023: €1.02M▲ +28.2% vs 2022
2024: €1.11M▲ +9.7% vs 2023
2025: €1.33M▲ +19.8% vs 2024highest in 7 years
2019 → 2025
Net result
€106k▲ 1.9%
2024 · €104k
2019: €122khighest in 7 years
2020: €15k▼ -88.1% vs 2019
2021: €-288k▼ -2087% vs 2020lowest in 7 years
2022: €-179k▲ +37.8% vs 2021
2023: €22k▲ +112% vs 2022
2024: €104k▲ +371% vs 2023
2025: €106k▲ +1.9% vs 2024
2019 → 2025
Working capital
€-512k▼ 27.9%
2024 · €-400k
2019: €-668klowest in 7 years
2020: €-201k▲ +69.9% vs 2019
2021: €-145k▲ +27.7% vs 2020highest in 7 years
2022: €-371k▼ -156% vs 2021
2023: €-323k▲ +13.1% vs 2022
2024: €-400k▼ -24.0% vs 2023
2025: €-512k▼ -27.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-78k-€-258k▼ 229%€-236k▲ 8.6%€-131k▲ 44.3%€-25k▲ 81.0%
2021: €-78k
2022: €-258k▼ -229% vs 2021lowest in 5 years
2023: €-236k▲ +8.6% vs 2022
2024: €-131k▲ +44.3% vs 2023
2025: €-25k▲ +81.0% vs 2024highest in 5 years
Operating result€-251k-€-168k▲ 33.0%€46k€141k▲ 208%€147k▲ 4.5%
2021: €-251klowest in 5 years
2022: €-168k▲ +33.0% vs 2021
2023: €46k▲ +127% vs 2022
2024: €141k▲ +208% vs 2023
2025: €147k▲ +4.5% vs 2024highest in 5 years
Net result€-288k-€-179k▲ 37.8%€22k€104k▲ 371%€106k▲ 1.9%
2021: €-288klowest in 5 years
2022: €-179k▲ +37.8% vs 2021
2023: €22k▲ +112% vs 2022
2024: €104k▲ +371% vs 2023
2025: €106k▲ +1.9% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.33M
Fixed assets
€1.08M ▲ 28.3%
Current assets
€259k ▼ 6.2%
Key figures and ratios
EBITDA
€455k▲
2024 · €406k
Cash flow
€415k▲
2024 · €370k
Solvency
-1.9%▲
2024 · -11.8%
Current ratio
0.34▼
2024 · 0.41
Debt to equity
-54.49▼
2024 · -9.49
ROA
8.0%▼
2024 · 9.4%
Interest coverage
11.10=
2024 · 11.10
Debt
€1.36M▲
2024 · €1.25M
Debt ≤ 1 year
€772k▲
2024 · €677k
Debt > 1 year
€573k▲
2024 · €559k
Staff costs
€60k▼
2024 · €99k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.11M€1.33M▲
Fixed assets21/28€838k€1.08M▲
Intangible fixed assets21€8k€5k▼
Tangible fixed assets22/27€827k€1.07M▲
Plant, machinery and equipment23€354k€649k▲
Furniture and vehicles24€13k€13k▲
Leasing and similar rights25€457k€401k▼
Other tangible fixed assets26€4k€4k▼
Financial fixed assets28€3k€3k=
Current assets29/58€276k€259k▼
Amounts receivable within one year40/41€214k€71k▼
Trade receivables40€213k€71k▼
Other amounts receivable41€2k-
Cash at bank and in hand54/58€41k€31k▼
Deferred charges and accrued income490/1€22k€157k▲
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.33M▲
Equity10/15€-131k€-25k▲
Contributions10/11€19k€19k=
Reserves13€177k€177k=
Distributable reserves133€177k€177k=
Profit (loss) carried forward14€-327k€-220k▲
Amounts payable17/49€1.25M€1.36M▲
Amounts payable after more than one year17€559k€573k▲
Financial debts170/4€559k€573k▲
Amounts payable within one year42/48€677k€772k▲
Current portion of amounts payable after more than one year42€187k€304k▲
Financial debts43€330k€290k▼
Credit institutions430/8€330k€290k▼
Trade debts44€120k€153k▲
Suppliers440/4€120k€153k▲
Taxes, remuneration and social security45€23k€11k▼
Taxes450/3€8k€617▼
Remuneration and social security454/9€15k€11k▼
Other amounts payable47/48€18k€13k▼
Accrued charges and deferred income492/3€10k€15k▲
Income statement
Code20242025
Remuneration, social security and pensions62€99k€60k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€266k€309k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€511k€522k▲
Operating profit (loss)9901€141k€147k▲
Financial income75/76B€431€552▲
Recurring financial income75€431€552▲
Financial charges65/66B€37k€41k▲
Recurring financial charges65€37k€41k▲
Profit (loss) for the period before taxes9903€104k€106k▲
Profit (loss) for the period9904€104k€106k▲
Profit (loss) for the period to be appropriated9905€104k€106k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-327k€-220k▲
Profit (loss) brought forward from the previous period14P€-431k€-327k▲
Social balance
Average headcount (FTE)90871.91.2▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €77k | €96k | €99k | €60k | ▼ 38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €310k | €267k | €262k | €266k | €309k | ▲ 16.1% |
| Other operating charges640/8 | - | €6k | €8k | €7k | €6k | ▼ 7.1% |
| Gross operating margin9900 | €105k | €182k | €412k | €511k | €522k | ▲ 2.1% |
| Operating profit (loss)9901 | €-251k | €-168k | €46k | €141k | €147k | ▲ 4.5% |
| Financial income75/76B | - | €354 | €144 | €431 | €552 | ▲ 28.0% |
| Recurring financial income75 | - | €354 | €144 | €431 | €552 | ▲ 28.0% |
| Financial charges65/66B | - | €12k | €24k | €37k | €41k | ▲ 12.1% |
| Recurring financial charges65 | €38k | €12k | €24k | €37k | €41k | ▲ 12.1% |
| Profit (loss) for the period before taxes9903 | €-288k | €-179k | €22k | €104k | €106k | ▲ 1.9% |
| Profit (loss) for the period9904 | €-288k | €-179k | €22k | €104k | €106k | ▲ 1.9% |
| Profit (loss) for the period to be appropriated9905 | €-288k | €-179k | €22k | €104k | €106k | ▲ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €851k | €793k | €1.02M | €1.11M | €1.33M | ▲ 19.8% |
| Fixed assets21/28 | €792k | €673k | €732k | €838k | €1.08M | ▲ 28.3% |
| Intangible fixed assets21 | - | €1k | €4k | €8k | €5k | ▼ 28.7% |
| Tangible fixed assets22/27 | €787k | €669k | €725k | €827k | €1.07M | ▲ 29.0% |
| Plant, machinery and equipment23 | - | €528k | €462k | €354k | €649k | ▲ 83.7% |
| Furniture and vehicles24 | - | €35k | €17k | €13k | €13k | ▲ 0.1% |
| Leasing and similar rights25 | - | €106k | €245k | €457k | €401k | ▼ 12.2% |
| Other tangible fixed assets26 | - | - | - | €4k | €4k | ▼ 10.3% |
| Financial fixed assets28 | €5k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €59k | €119k | €284k | €276k | €259k | ▼ 6.2% |
| Amounts receivable within one year40/41 | €37k | €92k | €189k | €214k | €71k | ▼ 66.9% |
| Trade receivables40 | - | €68k | €60k | €213k | €71k | ▼ 66.6% |
| Other amounts receivable41 | - | €24k | €129k | €2k | - | - |
| Cash at bank and in hand54/58 | €17k | €23k | €22k | €41k | €31k | ▼ 23.2% |
| Deferred charges and accrued income490/1 | - | €4k | €73k | €22k | €157k | ▲ 630% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €851k | €793k | €1.02M | €1.11M | €1.33M | ▲ 19.8% |
| Equity10/15 | €-78k | €-258k | €-236k | €-131k | €-25k | ▲ 81.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €177k | €177k | €177k | €177k | €177k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €175k | €175k | €177k | €177k | = |
| Profit (loss) carried forward14 | €-274k | €-453k | €-431k | €-327k | €-220k | ▲ 32.6% |
| Amounts payable17/49 | €930k | €1.05M | €1.25M | €1.25M | €1.36M | ▲ 9.1% |
| Amounts payable after more than one year17 | €714k | €526k | €530k | €559k | €573k | ▲ 2.6% |
| Financial debts170/4 | - | €526k | €530k | €559k | €573k | ▲ 2.6% |
| Amounts payable within one year42/48 | €204k | €491k | €607k | €677k | €772k | ▲ 14.0% |
| Current portion of amounts payable after more than one year42 | - | €190k | €161k | €187k | €304k | ▲ 62.8% |
| Financial debts43 | - | €250k | €330k | €330k | €290k | ▼ 12.1% |
| Credit institutions430/8 | - | €250k | €330k | €330k | €290k | ▼ 12.1% |
| Trade debts44 | €3k | €36k | €92k | €120k | €153k | ▲ 27.6% |
| Suppliers440/4 | - | €36k | €92k | €120k | €153k | ▲ 27.6% |
| Taxes, remuneration and social security45 | - | €14k | €17k | €23k | €11k | ▼ 50.4% |
| Taxes450/3 | - | - | - | €8k | €617 | ▼ 92.0% |
| Remuneration and social security454/9 | - | €14k | €17k | €15k | €11k | ▼ 28.8% |
| Other amounts payable47/48 | - | - | €6k | €18k | €13k | ▼ 23.9% |
| Accrued charges and deferred income492/3 | - | €34k | €115k | €10k | €15k | ▲ 44.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-288k | €-179k | €22k | €104k | €106k | ▲ 1.9% |
| + Depreciation and write-downs630 | €310k | €267k | €262k | €266k | €309k | ▲ 16.1% |
| Operating cash flow (approximation) | €22k | €87k | €284k | €370k | €415k | ▲ 12.1% |
| Investment in fixed assets (approximation) | - | €-148k | €-321k | €-371k | €-546k | ▼ 47.1% |
| Change in cash | - | €6k | €-869 | €19k | €-9k | ▼ 151% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
31-03
Financial
Weakest financial yearnet €-288k
Net result drops to €-288k, the lowest in the series; recovery starts the following year.
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Equity above €200kEq €210k ▲7.4%
2 profitable years in a row build equity to €210k.
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Affligem · 1 establishment unit since 2018
Ground area
8,046 m²
Building footprint
1,282 m²
Parcel 23030B0339/00H002, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Schaapschuur 1, 1790 Affligem
since 20182.302.365.274
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23030B0339/00H002 | Flanders | 8,045 m² | 1 · 1,281 m² | 0.1 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 14,681 EUR awarded · 14,681 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,094 EUR | 1,094 EUR |
| 2022 | 1 | 13,587 EUR | 13,587 EUR |
Schemes
Globalisatiemechanisme (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 257 companies in sector 59202 we hold annual accounts for 65. 47 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-01-2010
Fiscal year end31-03
Activities, NACEBEL 2025
59202Motion picture, video and television programme production, sound recording and music publishing activities
90393Specialised image, lighting and sound technical services
59201Sound recording
59209Motion picture, video and television programme production, sound recording and music publishing activities
Scores and ratios are computed by Checked and are not a credit decision.