4 REAL
ActiveSummary
The latest annual accounts of 4 REAL were filed more than 90 days after the deadline. The 2019 annual accounts show equity of €71,771 and a net result of €14,750. The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2019 are too old to assess current financial health.
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2019 · tick = 2018
Profitability57▲+24
Solvency64▲+9
Growth78
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2019Solvency, return and age of the figures
Solvency
38.5%
Return on assets
7.9%
Age of the figures
81 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-10-2020, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2019 accounts 92 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2019, micro schema
Equity
€71,771▲ 25.9%
2018 · €57,021
Total assets
€186,339▼ 2.3%
2018 · €190,681
Net result
€14,750
2018 · -€3,711
Working capital
€3,768
2018 · -€4,057
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result-€433-€21,661
Net result-€3,711-€14,750
Equity€57,021-€71,771▲ 25.9%
Total assets€190,681-€186,339▼ 2.3%
Debt€133,660-€114,568▼ 14.3%
Working capital-€4,057-€3,768
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2019: €21,661 after a loss of €433 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €186,339
Fixed assets
€159,443 ▼ 4.7%
Current assets
€26,896 ▲ 15.0%
Equity and liabilities €186,339
Equity
€71,771 ▲ 25.9%
Debt
€114,568 ▼ 14.3%
Debt's share of the balance-sheet total falls from 70.1% to 61.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,806▲
2018 · €8,304
Cash flow
€22,895▲
2018 · €5,026
Current ratio
1.16▲
2018 · 0.85
Debt to equity
1.27▼
2018 · 1.84
ROE
20.6%▲
2018 · -6.5%
ROA
7.9%▲
2018 · -1.9%
Debt ≤ 1 year
€23,128▼
2018 · €27,439
Debt > 1 year
€91,440▼
2018 · €105,183
Income taxes
€4,178▲
2018 · €209
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,737 | €8,145 | ▼ 6.8% |
| Gross operating margin9900 | €9,940 | €31,206 | ▲ 214% |
| Operating profit (loss)9901 | -€433 | €21,661 | ▲ 5,103% |
| Recurring financial income75 | €2 | - | - |
| Recurring financial charges65 | €3,071 | €2,733 | ▼ 11.0% |
| Profit (loss) for the period before taxes9903 | -€3,502 | €18,928 | ▲ 640% |
| Income taxes67/77 | €209 | €4,178 | ▲ 1,899% |
| Profit (loss) for the period9904 | -€3,711 | €14,750 | ▲ 497% |
| Profit (loss) for the period to be appropriated9905 | -€3,711 | €14,750 | ▲ 497% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €190,681 | €186,339 | ▼ 2.3% |
| Fixed assets21/28 | €167,299 | €159,443 | ▼ 4.7% |
| Tangible fixed assets22/27 | €167,299 | €159,443 | ▼ 4.7% |
| Current assets29/58 | €23,382 | €26,896 | ▲ 15.0% |
| Amounts receivable within one year40/41 | €16,056 | €12,799 | ▼ 20.3% |
| Cash at bank and in hand54/58 | €5,188 | €13,979 | ▲ 169% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €190,681 | €186,339 | ▼ 2.3% |
| Equity10/15 | €57,021 | €71,771 | ▲ 25.9% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €17,100 | €17,100 | = |
| Profit (loss) carried forward14 | €38,921 | €53,671 | ▲ 37.9% |
| Amounts payable17/49 | €133,660 | €114,568 | ▼ 14.3% |
| Amounts payable after more than one year17 | €105,183 | €91,440 | ▼ 13.1% |
| Amounts payable within one year42/48 | €27,439 | €23,128 | ▼ 15.7% |
| Trade debts44 | €5,553 | €1,224 | ▼ 78.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€3,711 | €14,750 | ▲ 497% |
| + Depreciation and write-downs630 | €8,737 | €8,145 | ▼ 6.8% |
| Operating cash flow (approximation) | €5,026 | €22,895 | ▲ 356% |
| Investment in fixed assets (approximation) | - | -€289 | - |
| Change in cash | - | €8,791 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Back to profitnet €14,750
Net result €14,750 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2008
14-01
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2002
Ground area
112 m²
Building footprint
101 m²
Volume, LiDAR
588 m³
Parcel 44816K0530/00V000, Flanders · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
4 REAL
since 20022.131.508.979
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0530/00V000 | Flanders | 112 m² | 1 · 101 m² | 10.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,313 companies in sector 90201 we hold annual accounts for 601. 487 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded15-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
78100Employment placement agencies
82300Organisation of conventions and trade shows
85592Vocational training
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477986702
Registered
21-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.