Losses
-€97,087 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
10SET
Overview
Lifetime
3 annual accounts with figures on one time axispeak -€24,132 (2023)
-€37,151▼ €8,824
lowest -€41,462 (2025)
-€41,462▼ €10,488
peak €175,348 (2023)
€102,912▼ 28.7%
€7,981▲ 20.3%
Board2 names since 2023
2 directorsZURSTRASSEN Mathilde and 1 other
Documentsfilings and deeds
13-07-202618 days before the deadline
2025abbreviated format
Gross margin from -€28,326 to -€37,151Loss of €41,462Equity from €144,374 to €102,912Debts from €6,633 to €7,981
Key points
from the 2025 annual accountsAt the same address
14 companies
Position in the sector
92.8%
Higher solvency than 95% of companies in creative and performing arts. Sector median 41.9% · 646 companies.
Checked score
94
Excellent
Financially stronger than 53% of micro companies in creative and performing arts (NACE 90)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Loss of €41,462, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 12.26, cash €89,479
Sector: Arts creation and performing arts activities (NACE 90)
Size: total assets €110,893
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 90, micro). It does better than 88% of them on solvency, 96% on liquidity, 7% on profitability and 20% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as 10SET has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of 10SET itself is lower: < 0.1% within 12 months. It rests on far more data about 10SET than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for 10SET. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 12.26 (20.24 in 2024), above the usual 1.5. Short-term debt is 7.2% and cash 80.7% of total assets. 7.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€41,462
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
18 days early
2024
7 days early
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 8 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800625627
Incorporation
Founding capital of €200,000, 100 shares · Founder: CLZ · Appointments: ZURSTRASSEN, Louis Jacques Hubert (director) and ZURSTRASSEN Mathilde (director) · published on 13-04-2023 · Gazette deed
First establishment
Edouard Lacomblélaan 17, Etterbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| 10SET Etterbeek | €110,893 | -€37,151 | 92.8% | - |
| National Great Events Ghent | €82,304 | -€13,421 | -33.9% | - |
| ODDITIES Châtelet | €139,940 | -€16,372 | -5.3% | - |
| One Of A Kind Events Kontich | €145,362 | €467 | 7.3% | - |
| Mass Event Party Blegny | €70,277 | -€4,431 | -120.0% | - |
| I2A PROD Binche | €90,835 | -€34,843 | 96.6% | - |
| Miru Hechtel-Eksel | €167,388 | -€27,558 | 50.8% | - |
These companies have the same main activity as 10SET: promotion and organisation of arts and performing arts events (NACE 90391). They are comparable in size and age: total assets between €70,300 and €167,000, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 11-04-2023Normal situation
- Registered office
- 15 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Promotion and organisation of arts and performing arts eventsNACE 90391and 2 others
- Establishment unit
- 2.344.684.9881040 Etterbeek, since 11-04-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- -€37,151▼ 31.2%
- €41,462▲ 33.9%
- €102,912▼ 28.7%
- €110,893▼ 26.6%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on 10SET
10SET files the abbreviated format. That format states no turnover. The gross margin fell from -€24,132 in 2023 to -€37,151 in 2025.
In April 2023, the Official Gazette published the appointment of ZURSTRASSEN, Louis Jacques Hubert as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 13-07-2026, 18 days before the deadline-€37,151
▼ €8,824
-€40,903
▼ €10,212
-€41,462
▼ €10,488
€89,880
▼ 29.6%
92.8%
▼ 2.8 percentage points
12.26
▼ 7.98
Turnover: not included in this filing.
Balance sheet
balance sheet total €110,893 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
92.8%
Higher than 95% of 646 companies in 2025.
12.26
Higher than 95% of 634 companies in 2025.
-37.4%
Lower than 95% of 639 companies in 2025.
10SET
Middle half of the sector
80% of the sector
Abbreviated accounts in creative and performing arts (NACE 90)
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
110,893 | 151,006 | 179,539 | |
21/28 |
13,032 | 16,784 | - | |
21 |
2,638 | 3,418 | - | |
22/27 |
10,394 | 13,366 | - | |
23 |
10,394 | 13,366 | - | |
29/58 |
97,862 | 134,223 | 179,539 | |
3 |
6,872 | 8,042 | - | |
30/36 |
6,872 | 8,042 | - | |
40/41 |
1,510 | 14,281 | 6,484 | |
40 |
387 | 9,435 | 847 | |
41 |
1,123 | 4,847 | 5,637 | |
54/58 |
89,479 | 111,900 | 173,055 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
110,893 | 151,006 | 179,539 | |
10/15 |
102,912 | 144,374 | 175,348 | |
10/11 |
200,000 | 200,000 | 200,000 | |
14 |
-97,088 | -55,626 | -24,652 | |
17/49 |
7,981 | 6,633 | 4,191 | |
42/48 |
7,981 | 6,633 | 4,191 | |
44 |
2,675 | 638 | 3,151 | |
440/4 |
2,675 | 638 | 3,151 | |
45 |
3 | 3 | 955 | |
450/3 |
3 | 3 | 955 | |
47/48 |
5,303 | 5,992 | 85 | |
| Income statement | ||||
9900 |
-37,151 | -28,326 | -24,132 | |
630 |
3,752 | 1,977 | - | |
640/8 |
- | 387 | 384 | |
9901 |
-40,903 | -30,691 | -24,516 | |
65/66B |
559 | 283 | 136 | |
65 |
559 | 283 | 136 | |
9903 |
-41,462 | -30,974 | -24,652 | |
9904 |
-41,462 | -30,974 | -24,652 | |
9905 |
-41,462 | -30,974 | -24,652 | |
| Appropriation of the result | ||||
9906 |
-97,088 | -55,626 | -24,652 | |
14P |
-55,626 | -24,653 | - | |
| Document | ||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -37,151 | -28,714 | - | ||
| -37,710 | -28,997 | - | ||
| 0 | 18,761 | - | ||
| -22,420 | -61,155 | - | ||
| 89,880 | 127,590 | 175,348 | ||
| 92.8% | 95.6% | 97.7% | ||
| 12.26 | 20.24 | 42.84 | ||
| 11.40 | 19.02 | 42.84 | ||
| 0.08 | 0.05 | 0.02 | ||
| -40.3% | -21.5% | -14.1% | ||
| -37.4% | -20.5% | -13.7% | ||
| -66.49 | -101.47 | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €14,861 | - |
| Intangible fixed assets | - | €3,900 | - |
| €3,752 | €1,977 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on 10SET
The operating result for 2025 is a loss of €40,903, larger than the loss of €30,691 in 2024. It is the lowest result since 2023.
Debt's share of the balance-sheet total rises from 4.4% to 7.2%. Equity is lower and debt is higher.
Board & ownership
Board
2 directors, 1 in day-to-day management, since incorporationDirector (not named in the articles)
appointed by deed of 13-04-2023
term without a fixed end
Director (not named in the articles) and managing director
appointed by deed of 13-04-2023
term without a fixed end
- ZURSTRASSEN, Louis Jacques Hubert
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 11 : Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”deed of 13-04-2023
Mandates through the years
2 names, the dashed line is todayZURSTRASSEN Mathilde
Director (not named in the articles)
Director (not named in the articles)
ZURSTRASSEN, Louis Jacques Hubert
Director (not named in the articles), Managing director
Director (not named in the articles), Managing director
LeadershipBoard
Mandates as a list
- ZURSTRASSEN Mathilde
- Director (not named in the articles), appointed by deed of 13-04-2023, still in office
- ZURSTRASSEN, Louis Jacques Hubert
- Director (not named in the articles), appointed by deed of 13-04-2023, still in office
- Managing director, appointed by deed of 13-04-2023, still in office
Control
Capital
- Contribution
- €200,000
- Shares
- 100
- Contribution per share
- €2,000
- Equity per share
- €1,029 in 2025
- Source
- deed of 13-04-2023
Articles of association
deed of 13-04-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of May at 09:30
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et…”
Founder
At incorporation
deed of 13-04-2023 ↗
- CLZ (BE 0793.707.943) sole founder · 100% at incorporation
Network & group
No group
10SET has no parent and no holdings in its annual accounts. 10SET shares no director with another company.
At the same address
Edouard Lacomblélaan 17, 1040 Etterbeek · 14 other companies| EQUITY
establishment since 22-11-2000 · founded in 2000 |
total assets €13.1m (2025) 0471.609.446 |
| LES COMPTOIRS DES DAVIDS
establishment since 13-03-2020 · founded in 2020 · negative equity (2025) · group JCMLA HOLDING |
1.7 FTE (2025) 0744.936.739 |
| FAIRE
establishment since 16-12-1997 · founded in 1997 |
total assets €616,266 (2025) 0461.298.742 |
| HAPPYLAW
establishment since 03-01-2001 · founded in 2000 · negative equity (2025) |
total assets €61,253 (2025) 0473.614.277 |
| SOCOBATI
establishment since 23-10-1986 · founded in 1986 |
total assets €57,252 (2025) 0429.568.854 |
| Knop, Michael (sole trader)
establishment since 02-10-2023 |
founded in 2023 0805.766.627 |
| JORDAENS INVESTMENTS OVERSEAS
establishment since 03-01-2001 · negative equity (2025) |
founded in 2000 0473.614.178 |
| Ambassade van de Salomon-eilanden
registered office since 01-10-1999 |
founded in 1999 0850.797.886 |
| Georges Ledoux and Partners
registered office since 01-01-1990 |
founded in 1990 0439.360.411 |
| PROSPECTIVE MANAGEMENT
establishment since 17-07-1986 |
founded in 1986 0429.136.215 |
Timeline
Timeline
7 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 18 days before the deadline
2025
Weakest financial year net -€41,462 The net result drops to -€41,462, the lowest from 2023 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0800625627
Annual accounts 2024 filed PDFfull format · 7 days before the deadline
2024
Annual accounts 2023 filed PDFfull format · on the deadline day
2023
IncorporationFounding capital of €200,000, 100 shares · Founder: CLZ · Appointments: ZURSTRASSEN, Louis Jacques Hubert (director) and ZURSTRASSEN Mathilde (director) · published on 13-04-20236 points ▸
- Founder, CLZ
- Founding capital, €200,000, 100 shares
- Registered office clause, B-1040 Etterbeek, avenue Edouard Lacomblé 17
- Director appointment, ZURSTRASSEN, Louis Jacques Hubert (director (not named in the articles))
- Director appointment, ZURSTRASSEN Mathilde (director (not named in the articles))
- Director appointment, ZURSTRASSEN, Louis Jacques Hubert (managing director)
- The deed holds 3 more points.
First establishment Edouard Lacomblélaan 17, Etterbeek
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0800.625.627
- VAT number
- BE 0800.625.627
- Peppol ID
- 0208:0800625627
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 11-04-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of May at 09:30deed of 13-04-2023 (in French)
- Peppol
- Reachable since 22-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- 10SET in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 13-04-2023 (in French)
- Name clauseThe company operates under this name according to its articles.
- 10SETdeed of 13-04-2023 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 13-04-2023 (in French)
Activities
NACEBEL 202590391
Promotion and organisation of arts and performing arts events main activity
Codes under NACEBEL 2008
90021
Arts creation and performing arts activities main activity
74209
Other photographic activities
74901
Other professional, scientific and technical activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La production,diffusion et distribution phonographique sur support numérique ou analogique de musique. Son champ d'action concerne aussi la…”deed of 13-04-2023 (in French)
12 activities
- La production,diffusion et distribution phonographique sur support numérique ou analogique de musique. Son champ d'action concerne aussi la coproduction,l'exploitation,l'édition,les productions audiovisuelles ainsi que la création d'événements.
- L’organisation de tout type d’évènements ;
- La commercialisation à tous stades,l’importation,l’exportation,la vente en gros et au détail,de tous produits alimentaires,de tous produits de l’agriculture,de l’élevage et de l’horticulture,de tous produits biologiques et en général,de tous aliments,préparés ou non ;
- La fabrication,la transformation,la distribution et la livraison de toutes marchandises et de tous produits alimentaires,sous vide ou non,de tous plats à emporter ou à consommer sur place et de tous produits et marchandises annexes et connexes ;
- Toutes opérations se rapportant à la recherche,au développement et à l’exploitation de concepts et de produits dans le domaine alimentaire ;
- La commercialisation d’articles cadeaux,de décoration et d’objets d’art ;
- Le conditionnement,la location et la mise en valeur de tous biens ;
- Toutes opérations se rapportant à la gestion de franchise ;
- La publicité,la promotion,le merchandising et le marketing au sens large du terme en ce compris par la création et la gestion de sites internes relatifs aux domaines précités,mais plus spécifiquement la publicité,la promotion,le merchandising et le marketing dans le secteur artistique ;
- La gestion d’un patrimoine mobilier ou immobilier pour compte propre et pourra dans ce cadre directement ou indirectement :
- Acquérir,détenir ou céder des intérêts et participations dans des sociétés belges ou étrangères par toutes voies et administrer,développer et gérer de tels intérêts et participations ; assurer la gestion et la valorisation de ces participations notamment par la stimulation,la planification et la coordination du développement des sociétés,associations,établissements dans lesquels elle détient une participation;
- Acquérir,vendre,donner ou prendre en location tout bien immeuble,conclure tout contrat d’emphytéose,ou de constitution de tous autres droits réels immobiliers portant sur des biens immeubles,en Belgique ou à l’étranger.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Edouard Lacomblélaan 17 registered office 1040 Etterbeek | 11-04-2023 | 2.344.684.988 |
Buildings and parcels at the address
- Ground area
- 612 m²
- Buildings
- 278 m²
- Volume, LiDAR
- 5,321 m³
- Tallest building
- 23.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21363B0315/00B007 | 612 m² | 1 · 278 m² | 23.4 m · 7 |