Equity
-€23,452
Debts exceed assets in financial year 2024.
ADMIRABILIS
Lifetime
5 annual accounts with figures on one time axispeak €14,569 (2020)
-€3,631▲ €6,828
lowest -€14,701 (2023)
-€9,636▲ €5,065
peak €3,912 (2020)
-€23,452▼ €9,636
€47,239▲ 16.6%
Board2 names since 2019
1 directorBLANCQUAERT Manuel
Documentsfilings and deeds
16-07-202515 days before the deadline
2024micro format
Gross margin from -€10,459 to -€3,631Loss of €9,636Equity from -€13,816 to -€23,452Debts from €40,528 to €47,239Cash from €49 to €1,146
Key points
from the 2024 annual accountsLosses
-€24,337 in two years
The 2023 and 2024 financial years closed with a loss. 2023 was the heaviest.
Debts
€47,239 199% of the balance sheet
Suppliers 13%Taxes and wages 2%Other 85%
Of this, €45,513 falls due within a year.
Filings
5 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Starting capital
€1,000 100 shares
Position in the sector
-98.6%
Lower solvency than 91% of companies in creative and performing arts. Sector median 49.0% · 2,466 companies.
Turnover not published (micro format)
Checked score
46
Fair
Financially stronger than 7% of micro companies in creative and performing arts (NACE 90)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.0%● unchanged vs 12-2024
02-2025: 2.0%● unchanged vs 01-2025
03-2025: 2.1%▲ +0.1 percentage points vs 02-2025
04-2025: 2.1%● unchanged vs 03-2025
05-2025: 2.3%▲ +0.2 percentage points vs 04-2025
06-2025: 2.2%▼ -0.1 percentage points vs 05-2025
07-2025: 2.1%▼ -0.1 percentage points vs 06-2025
08-2025: 0.7%▼ -1.4 percentage points vs 07-2025lowest value
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.3 percentage points vs 07-2026
09-2026: 1.3%▲ +0.2 percentage points vs 08-2026
10-2026: 3.8%▲ +2.5 percentage points vs 09-2026highest value
11-2026: 3.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Figures for financial year 2024 (filed on 22-07-2025)
lowers risk
Sector: Arts creation and performing arts activities (NACE 90)
Size: total assets €23,788
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 6% of them on solvency, 5% on liquidity, 7% on profitability and 9% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 6,008 companies had the same profile as ADMIRABILIS has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ADMIRABILIS itself: 3.8% within 12 months.
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 6,008 companies, not a prediction for ADMIRABILIS. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.16 (0.16 in 2023), below 1. Short-term debt is 191.3% and cash 4.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€23,452
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
15 days early
2023
65 days late
2022
396 days late
2021
28 days late
2020
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 100 days after 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 (1)
Recent changes
Registered office moved from Kruisem to Nazareth-De Pinte
New registered office: Steenweg 50 bus 0101, 9810 Nazareth - De Pinte · Previous registered office: Nerethstraat 36, 9750 Kruisem (Zingem), België · Board meeting of 01-09-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 9925:BE0726833965
Company renamed from LOG-N to ADMIRABILIS
Registered office moved from Kwaremont to Kruisem · New registered office: Nerethstraat 36, 9750 Kruisem · Previous registered office: Paterbergstraat 3, 9690 Kwaremont · General meeting of 28-01-2022 · Gazette deed
Publication in the Belgian Official Gazette
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ADMIRABILIS Nazareth-De Pinte | €23,788 | -€3,631 | -98.6% | - |
| CTKD Woluwe-Saint-Lambert | €24,474 | -€23,357 | -673.5% | - |
| All About Things Brussels | €30,374 | -€7,582 | -28.3% | - |
| WHISPERS GLOBAL DEAL & AU G Schaerbeek | €33,612 | -€942 | -663.3% | - |
| KLUGER ENTERTAINMENT Etterbeek | €40,925 | -€48,433 | -278.9% | - |
| The Resistance Ghent | €45,241 | -€2,602 | 98.7% | - |
| Citadelic Ghent | €18,359 | -€94,168 | 1.7% | - |
These companies have the same main activity as ADMIRABILIS: promotion and organisation of arts and performing arts events (NACE 90391). They are comparable in size and age: total assets between €18,400 and €45,200, founded between 2017 and 2021.
Official details
Source: KBO- Status
- Active since 16-05-2019Normal situation
- Activity
- Promotion and organisation of arts and performing arts eventsNACE 90391and 6 others
- Establishment unit
- 2.289.951.2549810 Nazareth-De Pinte, since 16-05-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Insights on ADMIRABILIS
ADMIRABILIS files the micro format. That format states no turnover. The gross margin fell from €14,569 in 2020 to -€3,631 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ADMIRABILIS
- What is the company number of ADMIRABILIS?
- The company number of ADMIRABILIS is 0726.833.965. The VAT number is the same number with BE in front: BE 0726.833.965.
- Where is ADMIRABILIS based?
- The registered office is at Steenweg 50, 9810 Nazareth-De Pinte.Company details
- What does ADMIRABILIS do?
- According to the KBO register, the main activity is promotion and organisation of arts and performing arts events (NACE 90391).
- What is the legal form of ADMIRABILIS?
- ADMIRABILIS is a private limited company (BV).
- When was ADMIRABILIS founded?
- ADMIRABILIS was founded on 16-05-2019.
- Is ADMIRABILIS still active?
- Yes, ADMIRABILIS is an active enterprise in the KBO register.
- What is the turnover of ADMIRABILIS?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
- Is ADMIRABILIS profitable?
- In financial year 2024, ADMIRABILIS made a loss of €9,636.
- Where can I find the annual accounts of ADMIRABILIS?
- ADMIRABILIS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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