01Executive production
The Crows
Executive production
01 / A Belgian studio, international projects
Making films.
Together.
Your film production company in Belgium.
WALLMOVIE STUDIOS brings together executive production for films, series and documentaries, a shooting stage in Wallonia and guidance on Belgium’s audiovisual Tax Shelter. From preparation to filming, our team coordinates the people, equipment and logistics your project requires.
02 / FilmographyFilm index
The films. The experience.
Feature films, series, television films and documentaries from our founders’ careers. Discover their executive production credits alongside the works presented.
02Miniseries
The Deep State
Miniseries · 2023- Fouad NASSIM— Executive producer
- Smail OURAD— Executive producer
03Feature film
Ramses to Paris
Feature film · 2023- Fouad NASSIM— Executive producer
- Smail OURAD— Executive producer
04Series
The Eight
Series · 2022- Fouad NASSIM— Executive producer
- Smail OURAD— Executive producer
05TV movie
Les Princes de la Ville
TV movie · 2021- Fouad NASSIM— Executive producer
- Smail OURAD— Executive producer
06Feature film
Taw'am Rouhy
Feature film · 2020- Fouad NASSIM— Executive producer
07Docufiction
L’Amphitrite
DocufictionA docufiction exploring relations between China and Europe from the reign of Louis XIV onward.
Executive production:
- Fouad NASSIM
- Smail OURAD
08Feature film
Adam
Feature film · 2012- Fouad NASSIM— Executive producer
03 / What we do
Your vision.
Our craft.
On setOn-set journal
Where films take shape.
Crews at work and sets coming to life: a look behind the scenes of productions we have worked on.
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04 / The studioWALLMOVIE STUDIOS
Space for possibility.
A studio dedicated to the image.
The stage has a 100 m² cyclorama under a 7 m ceiling, a RED Weapon Carbon 6K camera and a lighting package. It hosts film shoots, photography sessions and VFX plates.
Rue du Gosson 95 · 4101 Jemeppe-sur-MeuseMonday–Friday: 09:00–19:00+32 470 11 89 19
- 01100 m² cyclorama
- 027 m ceiling height
- 03RED Weapon Carbon 6K camera
- 04Sigma Art 18-35 · SkyPanel S60
- 05Studio strobes, softboxes and lighting grid
- 06Photo, video and VFX in one location
Inside the studio.
Our shooting stage is at 95 Rue du Gosson in Jemeppe-sur-Meuse, near Liège. Explore the space and the building entrance.
05 / Tax ShelterBE
The Belgian Tax Shelter in practice.
The audiovisual Tax Shelter allows an eligible company to finance a work and, subject to conditions, receive a tax exemption. The exemption is initially provisional. It becomes final within the limits of the certificate issued by FPS Finance.
Read the Belgian Tax Shelter guide ↗How it works
- 01
Check and commit
The investor reviews its tax position and signs a framework agreement with an approved production company.
- 02
Pay and produce
Funds are paid within three months of signing. The producer incurs eligible expenses and documents their use.
- 03
Obtain the certificate
FPS Finance reviews the file. Its certificate enables the exemption to become final within the statutory limits.
Key figures explained
421%
Provisional exemption
Of the amount paid, subject to statutory limits.
+5.25%
Fiscal result at 25%
Tax saving of 105.25%, less the amount paid. Excludes remuneration and fees.
€1,000,000
Exemption ceiling
Per taxable period, also limited to 50% of taxable reserved profits.
18 months
Maximum remuneration period
This does not guarantee when the certificate will be issued.
These figures assume compliance with the legal requirements and a sufficient certificate. They are not a guaranteed return.
Source: FPS Finance — audiovisual brochure ↗Simulate the fiscal result
Adjust the amount and tax rate. This example assumes a sufficient tax base and certificate. Financial remuneration is excluded by default.
The €1,000,000 ceiling applies to the exemption, corresponding to about €237,529 paid. The limit of 50% of taxable reserved profits also applies to the exemption, not the payment. Other investments in the same period must be taken into account.
- Provisional exemption (421%)
- €210,500.00
- Estimated tax saving
- €52,625.00
- Tax saving less payment
- €2,625.00
- Estimated result after payment
- €2,625.00(+5.25%)
Excludes financial remuneration
Simplified calculation excluding fees and any surcharge for insufficient advance tax payments. It assumes the full exemption is obtained. Eligibility, tax capacity, limits, contractual terms and the certificate must be checked with your tax adviser.
- Framework agreement with an approved producer
- Eligible expenses documented and checked
- Certificate issued by FPS Finance
Risk
The funds are paid without repayment of capital. If the certificate is missing or insufficient, all or part of the tax benefit may be lost, with additional tax and possible interest. Insurance or a guarantee does not remove every risk: its scope depends on the contract.
No public offer is made on this website. Any public offer of Tax Shelter investment will be made solely on the basis of a prospectus approved by the Financial Services and Markets Authority (FSMA). This prospectus must be read before investing. FSMA approval is not an assessment of the merits of the operation.
Tax Shelter benefits are subject to legal, fiscal and eligibility conditions. The information on this website is general. It does not constitute legal, tax or financial advice.
An informed decision.
Prepare your conversation with our team and your tax adviser using identifiable sources.
Verifiable approval
WALLMOVIE STUDIOS is the trading name of AAA INVEST & FINANCE (enterprise no. 0798.802.720). The company is listed as active in the FPS Finance audiovisual register dated 2 June 2026, with approval dated 22 May 2023.
Company approval does not guarantee a project’s eligibility or an investor’s tax outcome.
Points to review
- Tax position and investment capacity
- Relevant project and indicative schedule
- Framework agreement, remuneration and any fees
- Guarantees, exclusions and follow-up through certification
Understand the scheme
The FPS Finance audiovisual brochure explains how the scheme works. The terms of your transaction must be reviewed in its own contractual documents.
Read the FPS Finance brochure ↗Frequently asked questions
What does the 421% exemption mean?
It applies to the tax base, not to a cash repayment. A €10,000 payment gives a calculated provisional exemption of €42,100. If fully valued at 25%, the tax saving is €10,525: €525 more than the payment, before remuneration and fees.
Which companies may invest?
The scheme covers resident companies and Belgian establishments of non-resident companies taxed in Belgium, subject to conditions. It excludes eligible producers and related companies, and television broadcasters. The tax rate and available tax base determine whether the operation is appropriate.
Is financial remuneration guaranteed?
It depends on the framework agreement and the remuneration period. Its gross rate is capped by an EURIBOR reference plus 4.5 percentage points; the remuneration is taxable. This website does not advertise a fixed overall net return.
What limits apply?
The exemption is limited to €1,000,000 per taxable period and 50% of taxable reserved profits. The value of the certificate is another limit. The 50% limit therefore does not apply directly to the amount invested.
What does the 18-month limit mean?
It is the maximum period used to calculate remuneration, from the first payment until the certificate is issued. It is not a guaranteed settlement or final tax confirmation deadline.
Which documents should be reviewed?
The producer’s approval, framework agreement, remuneration and guarantee terms, and applicable offer documents. No public offer is made on this website. Any public offer we make would be based on a prospectus approved by the FSMA.
06 / The teamW/M
People who make films.
Founders and executive producers Fouad NASSIM and Smail OURAD bring their experience together at WALLMOVIE STUDIOS. Ayman Ellissy joins them in executive production.
Fouad NASSIM
Founder · Executive producerFilmography
- The Deep StateMiniseries · 2023
- Ramses to ParisFeature film · 2023
- The EightSeries · 2022
- Les Princes de la VilleTV movie · 2021
- Taw'am RouhyFeature film · 2020
- L’AmphitriteDocufiction
- ObsessionShort film · 2013
- AdamFeature film · 2012
Smail OURAD
Founder · Executive producerFilmography
- The Deep StateMiniseries · 2023
- Ramses to ParisFeature film · 2023
- The EightSeries · 2022
- Les Princes de la VilleTV movie · 2021
- L’AmphitriteDocufiction
Ayman Ellissy
Executive producerAyman Ellissy brings experience in executive production, line production and public relations. His work also includes content acquisition, rights negotiation and film and series catalogue management for the Middle East and North Africa.
References
How we work.
- 01
Co-produce
We set up co-productions with Belgian, European and international partners.
- 02
Serve the story
Every production decision is made with the script in mind, from development to delivery.
- 03
Keep our word
We agree budgets, schedules and responsibilities with our partners and monitor them throughout the project.
- 04
Follow every stage
We coordinate preparation, filming, post-production and delivery around each project’s needs.
- 05
Finance by the book
We prepare financing files and track expense documentation with the project’s advisers.
- 06
Look after the image
We give the same care to framing, lighting and editing.
07 / In development.In progress
The next chapter.
In developmentQuantic
Feature film
A film by David Sarrio, produced with June Entertainment and Koze Production.
Producers
Tell us about your project.
Introduce your film or series, its schedule and your production needs.
Investors
Understand before investing.
Is your company taxed in Belgium? We explain the audiovisual Tax Shelter, its conditions and risks.
08 / ContactBrussels / Belgium
Your project.
Let’s talk.
Let’s talk.
A film project, a studio booking or a Tax Shelter question? Send your enquiry to our team.
contact@wallmovie.beRue Van Eyck 11B · 1050 Bruxelles