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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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
Happy Duck Films from Mechelen, company number BE0793709824, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year Happy Duck Films recorded revenue of € 16.8 million and equity of € 5.2 million. Compared with financial year 2024, the result moved from € 921,269 to € 1.5 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 5.2 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ 59% vs 2024
Profit after tax over the fiscal year.
€ 1.6 million
▲ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.6 million.
People and assets in 2025
1.6
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 95,216
▲ 227% vs 2024
€ 59,500 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.
€ 20,527
▲ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3.4 million
▲ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 68 days on average.
€ 1 million
▲ 119% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | - | € 9,809,204 | € 16,753,427 | ▲ 71% |
| Gross margin | € 304,169 | - | - | |
| Profit after taxes | € 200,692 | € 921,269 | € 1,468,917 | ▲ 59% |
| Equity | € 3,038,342 | € 4,758,180 | € 5,210,053 | ▲ 9% |
| Total debts | € 2,518,087 | € 10,510,673 | € 8,960,990 | ▼ 15% |
| Cash | € 78,159 | € 1,065,714 | € 1,570,232 | ▲ 47% |
| Retained profit | € 200,692 | € 1,121,962 | € 2,590,878 | ▲ 131% |
| Bank debt | € 304,369 | € 0 | € 0 | |
| Balance sheet total | € 6,498,680 | € 16,477,293 | € 15,044,068 | ▼ 9% |
| Employees (FTE) | - | 1 | 1.6 | ▲ 0.6 |
Key figures of Happy Duck Films, fiscal years 2023 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 Happy Duck Films?
What happened at Happy Duck 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 € 1.5 million (▲ 59% vs 2024). Source: NBB ↗
- Geoffrey Ling stepped down as director. NBB
- Benjamin Russell became a director. NBB
- Duncan Walker became a director. NBB
- Lisa Perrin became a director. NBB
- James Downie-Shaw became a director. NBB
- Geoffrey Ling became a director. NBB
- Bozar became a director. NBB
In short
From € 200,692 profit in 2023 to € 1.5 million profit in 2025.
Paid € 1.1 million in corporate taxes since 2023.
Best year ever: 2025, with € 1.5 million profit.
Pays suppliers within 68 days on average.
A new publication or filing at Happy Duck Films? We notify you, reason included.
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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 Happy Duck Films are Benjamin Russell, Joanne McGrath, Walter Luzzolino, Duncan Walker, Bozar and Lisa Perrin. The shares are held by Eagle Eye Drama Limited (51%), ITV Studios Limited (24.5%), Dries Vos (18.5%), Isobel Nicholson (4.5%) and Hiskia Van Aert (1.5%).
Directors
According to the 2025 annual accounts
Benjamin Russell
Director
since 2024
Joanne McGrath
Director
since 2023
Walter Luzzolino
Director
since 2023
Duncan Walker
Director
since 2024
Director · represented by Dries Vos
since 2024
Lisa Perrin
Director
since 2024
Eagle Eye Drama
Director · represented by Jason Thorp
since 2022
James Downie-Shaw
Director
since 2024
Geoffrey Ling
Director
since 2024 · until 2025
since 2022 · until 2024
Shareholders
Eagle Eye Drama Limited
51%
ITV Studios Limited
24.5%
Dries Vos · director
18.5%
Isobel Nicholson
4.5%
Hiskia Van Aert
1.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Schaliënhoevedreef 20D
2800 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
OVH, FR
Domain
Domain
happyduckfilms.com
Registered
2022-09-12
Registrar
CSC Corporate Domains, Inc.
Expires
2026-09-12
Website info
Features
Security
Details
- Company number
- 0793.709.824
- VAT number
- BE 0793.709.824
- Registered office
- Schaliënhoevedreef 20D, 2800 Mechelen
- Names & denominations
- Happy Duck Films
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 November 2022
- Peppol
- Active · Active since 14 Nov 2025
- Contact
- happyduckfilms.com [email protected]
- Activities · NACE
Productie van televisiefilms
Productie van bioscoopfilms
Vertoning van films
Productie van video en film, muv bioscoop- en televisiefilms
Maken van geluidsopnamen
Activiteiten in verband met films en video- en televisieprogramma’s na de productie
Andere ondersteunende activiteiten voor scheppende en uitvoerende kunst, neg
Activiteiten op het gebied van de distributie van films en video’s
+1