Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
The Photo Academy from Brussel, company number BE0744732742, closed financial year 2025 with a result of € -3.6 million after tax. For that financial year The Photo Academy recorded a gross margin of € 51,035 and equity of € -135,475. Compared with financial year 2024, the result moved from € -5,232 to € -3.6 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ -135,475
▼ € 3.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.6 million
▼ 69008 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,815
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.3 million.
People and assets in 2025
€ 47,601
▲ 3% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,875
▲ 192% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 124,771
▲ 48% vs 2024
€ 39,125 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 52,726
▲ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 61,166
▲ 61% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 21,324 | € 81,858 | € 82,036 | € 51,035 | ▼ 38% |
| Profit after taxes | € -70,783 | € -176 | € -5,232 | € -3,615,473 | ▼ € 3.6 million |
| Equity | € 3,430,895 | € 3,485,229 | € 3,479,997 | € -135,475 | ▼ € 3.6 million |
| Total debts | € 230,162 | € 152,073 | € 206,918 | € 306,039 | ▲ 48% |
| Cash | € 5,598 | € 2,295 | € 8,418 | € 6,815 | ▼ 19% |
| Retained profit | € -714,363 | € -714,539 | € -719,771 | € -4,335,243 | ▼ € 3.6 million |
| Bank debt | € 130,460 | € 80,884 | € 84,385 | € 124,771 | ▲ 48% |
| Balance sheet total | € 3,661,057 | € 3,637,302 | € 3,686,915 | € 170,564 | ▼ 95% |
Key figures of The Photo Academy, 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 The Photo Academy?
What happened at The Photo Academy in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3.6 million. Source: NBB ↗
- New establishment in Elsene. KBO
- Raphaël DEVREKER became a director. NBB
- Maxime FAVIER became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 70,783 loss in 2022 to € 3.6 million loss in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind The Photo Academy are Raphaël DEVREKER and Maxime FAVIER.
Directors
According to the 2025 annual accounts
Raphaël DEVREKER
Managing director
since 2020
Maxime FAVIER
Managing director
since 2020
Establishments
Establishment units
Physical locations of this company
Louizalaan 231
1050 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0744.732.742
- VAT number
- BE 0744.732.742
- Registered office
- Louizalaan 231, 1050 Brussel
- Names & denominations
- The Photo Academy
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 March 2020
- Peppol
- Active · Active since 21 May 2025
- Activities · NACE
Overige fotografische activiteiten
Activiteiten van fotografen, met uitzondering van persfotografen
Activiteiten van webportalen
Activiteiten van persfotografen
Webportalen