Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €10,540 falls due within a year.
Lower net result than 95% of companies in creative and performing arts. Sector median €6,309 · 2,484 companies.
In July 2024, 1,322 companies had the same profile as AD86 has now. Each dot stands for 4 companies, two years later.
The method was tested on the 497,448 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 1,322 companies, not a prediction for AD86. 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.
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.
| Company | ||||
|---|---|---|---|---|
| AD86 Morlanwelz | €21,535 | -€35,078 | -187.0% | - |
| LOTTE DE CLERCK Aartselaar | €21,366 | -€18,000 | 90.7% | - |
| GMOV Verviers | €29,644 | -€12,269 | -36.1% | - |
| NOHEYA Antwerp | €36,734 | -€182 | 66.2% | - |
| FOMO Producties Antwerp | €14,691 | €139 | -33.7% | - |
| CASIMIR DESMET Ghent | €13,513 | -€1,327 | 40.9% | - |
| WASTE Band Belgium Scherpenheuvel-Zichem | €11,111 | €1,292 | 100.0% | - |
These companies have the same main activity as AD86: performing arts by independent artists (NACE 90201). They are comparable in size and age: total assets between €11,100 and €36,700, founded between 2023 and 2024.
AD86 has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€40,265) and a net result of -€45,265.
Its solvency ranks better than 6% of 2,488 sector peers (NACE 90, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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