Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ATHENA FILMS from Waterloo, company number BE0543379251, closed financial year 2025 with a result of € 851,190 after tax. For that financial year ATHENA FILMS recorded a gross margin of € 2.7 million and equity of € 340,638. Compared with financial year 2024, the result moved from € 622,839 to € 851,190. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 28, 2026.
€ 340,638
▲ 281% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 851,190
▲ 37% vs 2024
Profit after tax over the fiscal year.
€ 151,012
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 600,000 paid out
70 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
2.7
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 121,603
▲ 1% vs 2024
€ 45,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 187,260
▼ 73% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 376,047
▼ 5% vs 2024
€ 22,482 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 2.5 million
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 285,263
▲ 70% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,049,404 | € 2,796,896 | € 2,538,369 | € 2,714,411 | ▲ 7% |
| Profit after taxes | € 266,285 | € 262,293 | € 622,839 | € 851,190 | ▲ 37% |
| Equity | € 64,315 | € 66,608 | € 89,448 | € 340,638 | ▲ 281% |
| Total debts | € 2,605,121 | € 3,120,315 | € 5,156,498 | € 4,965,504 | ▼ 4% |
| Cash | € 646,043 | € 1,540,376 | € 169,826 | € 151,012 | ▼ 11% |
| Land & buildings | - | - | - | € 464,342 | |
| Retained profit | € 45,715 | € 48,008 | € 70,848 | € 322,038 | ▲ € 251,190 |
| Dividend | € 265,000 | € 260,000 | € 600,000 | € 600,000 | |
| Bank debt | € 0 | € 418,314 | € 397,618 | € 376,047 | ▼ 5% |
| Balance sheet total | € 2,669,436 | € 3,186,923 | € 5,245,946 | € 5,306,142 | ▲ 1% |
| Employees (FTE) | 2.7 | 2.8 | 2.8 | 2.7 | ▼ 0.1 |
Key figures of ATHENA FILMS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ATHENA FILMS?
What happened at ATHENA FILMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 851,190 (▲ 37% vs 2024). filed late Source: NBB ↗
- BERNARD BRAWERMANN became a director. NBB
- ERIC BRAWERMANN became a director. NBB
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 266,285 profit in 2022 to € 851,190 profit in 2025.
Paid € 790,704 in corporate taxes since 2022.
Best year ever: 2025, with € 851,190 profit.
On average € 1 million of value added per employee in 2025.
Management
Behind ATHENA FILMS are ERIC BRAWERMANN and BERNARD BRAWERMANN.
Directors
According to the 2025 annual accounts
ERIC BRAWERMANN
Director
since 2016
BERNARD BRAWERMANN
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Drève Richelle 161 box 82
1410 Waterloo
Avenue du Château Jaco 1
1410 Waterloo
Active since 17 December 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →BELAIRBUS
B- FINANCES
€ -13,888 gross margin · 2025
BATIMELEC
€ 15,076 gross margin · 2024
INTERNATIONAL MONTAGE MAINTENANCE
€ 11.5 million revenue · 2025
H.A.B.S.
€ -18,903 gross margin · 2026
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0543.379.251
- VAT number
- BE 0543.379.251
- Registered office
- Drève Richelle 161 bus 82, 1410 Waterloo
- Names & denominations
- ATHENA FILMS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 2013
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Productie van bioscoopfilms
Vertoning van films
Productie van televisiefilms
Activiteiten op het gebied van de distributie van films en video’s