Active BE 0822.432.316Private limited company

UNDRSIEGE

Normandiëstraat 12 ·3500 Hasselt, Belgium· 16 yrs active

Sector: Motion picture, video and television programme production, sound recording and music publishing activities (59203)

Conclusion Checked

UNDRSIEGE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1k and a net result of €-3k. Its solvency ranks better than 27% of 1936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€1k
Net result	€-3k
Better than sector	27%
Active	16 yrs

Financial profile 5 of 5 axes measured · computed by Checked

32 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 7

Profitability 0

Solvency 19

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.5% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2010, 16 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

7 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

86 2023

7 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.81 (< 1.0) -10

Leverage Debt/equity 4.28 (> 3.0) -10

Profitability Negatieve ROE -251% -10

Interest coverage Interest coverage -12.1× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 06-08-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	18.9%	49.0%	better than 27% of 1936 sector peers
Net result	€-3k	€5k	better than 28% of 1940 sector peers
Equity	€1k	€41k	better than 18% of 1941 sector peers
Gross operating margin	€-2k	€23k	better than 17% of 1936 sector peers
Total assets	€6k	€100k	better than 5% of 1938 sector peers

EBITDA

€-2k

- 23-24

Net profit

€-3k

- 23-24

Cash flow

€-3k

- 23-24

Total assets

€6k

+19.4% 23-24

Equity

€1k

-71.5% 23-24

Working capital

€-960

- 23-24

Income taxes

€123

- 23-24

Debt

€5k

+372.9% 23-24

Debt ≤ 1y

€5k

+372.9% 23-24

Current ratio

0.81

-83.5% 23-24

Quick ratio

0.81

-83.5% 23-24

Solvency

18.9%

-76.2% 23-24

Debt / equity

4.28

+1561.7% 23-24

ROE

-251.4%

- 23-24

ROA

-47.6%

- 23-24

Interest coverage

-12.15

- 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	€-2k	€372
Net profit	€-3k	€206
Cash flow	€-3k	€348
Staff costs	-	-
Income taxes	-	€123
Dividends	-	-
Total assets	€6k	€5k
Equity	€1k	€4k
Debt	€5k	€1k
of which ≤ 1y	€5k	€1k
of which > 1y	-	-
Working capital	€-960	€4k
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	0.81	4.88
Quick ratio	0.81	4.88
Working capital ratio	-15.8%	79.5%
Solvency	18.9%	79.5%
Debt / equity	4.28	0.26
Long-term debt ratio	-	-
Interest coverage	-12.15	3.03
Gross margin	-	-
Net margin	-	-
ROA	-47.6%	4.0%
ROE	-251.4%	5.1%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €2k · 34.7% Current assets €4k · 65.3%

Equity & liabilities

Equity €1k · 19.0% Debt €5k · 81.1%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€6k	€5k
Fixed assets	21/28	€2k	-
Tangible fixed assets	22/27	€2k	-
Current assets	29/58	€4k	€5k
Amounts receivable within one year	40/41	€3k	€4k
Cash & bank	54/58	€1k	€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€6k	€5k
Equity	10/15	€1k	€4k
Contributions / capital	10/11	€600	€600
Reserves	13	€60	€60
Accumulated profits (losses)	14	€493	€3k
Amounts payable	17/49	€5k	€1k
Amounts payable within one year	42/48	€5k	€1k
Trade debts payable within one year	44	€1k	€534
Income statement
Gross operating margin	9900	€-2k	€1k
Operating result	9901	€-3k	€230
Financial income	75	€148	€223
Financial charges	65	€205	€123
Result before taxes	9903	€-3k	€330
Income taxes	67/77	-	€123
Net result for the period	9904	€-3k	€206
Result to be appropriated	9905	€-3k	€206

Directors & mandates 2 directors

Former directors (2)

MOTMANS Jannes
Manager
State Gazette act 24308586 (05-01-2024)

Former
- → 05-01-2024
MOTMANS Sieg
Manager
State Gazette act 24308586 (05-01-2024)

Former
- → 05-01-2024

Legal Structure

NACE primary	Motion picture, video and television programme production, sound recording and music publishing activities(59203)
Legal form	Private limited company(610)
Incorporation	20-01-2010
Status	Active
Postal code	3500

Establishment units 1 location

UNDRSIEGE

Normandiëstraat 12, 3500 HasseltMotion picture, video and television programme production, sound recording and music publishing activities

since 20092.184.268.071

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71326F0270/00G008	Flanders	226 m²	1 · 156 m²	13.2 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 3 events

All 3Gazette 1Filings 2

2025

06-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 6 days late

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

05-01

State Gazette act Director changes

Laura Neesen

State Gazette actNBB filing

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

05-01-2024 2 resigning, 1 reappointed Director changes·Laura Neesen

MOTMANS Jannes, Zaakvoerder
MOTMANS Sieg, Zaakvoerder
MOTMANS Sieg, Bestuurder

Notary: Laura Neesen · Tongeren

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Motion picture, video and television programme production, sound recording and music publishing activities59203Performing arts by independent artists90201Other amusement and recreation activities93299

Names & trade names

Legal nameNL

UNDRSIEGE

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