Be Flat
ActiveSummary
Be Flat has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €420,286 and a net result of €18,326. Equity is growing by about 27% per year across the filed financial years. Its solvency ranks better than 95% of 2,851 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €420,286
- Surplus
- €18,326
Why 96raises riskSize: turnover €281,941, total assets €432,335lowers riskLegal form: non-profit associationLiquidity: current ratio 16.45, cash €176,355Sector: Sports, amusement and recreation activities (NACE 93)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 93, micro): better than 92% on solvency, 98% on liquidity, 51% on profitability and 37% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 142 days before the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet €18,326 ▼83.9%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result falls in 2025; 2025 is 84% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 93.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,047 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €83,177 | - | €200,120 | €285,610 | €351,497 | €281,941 | ▼ 19.8% |
| Membership fees, donations, legacies and grants73 | - | - | €19,923 | €69,585 | €78,653 | €13,189 | ▼ 83.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €116,687 | €165,738 | €176,552 | €179,101 | ▲ 1.4% |
| Remuneration, social security and pensions62 | - | - | €41,266 | €98,406 | €91,247 | €83,804 | ▼ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,824 | €649 | €3,306 | €3,306 | €15,039 | €12,382 | ▼ 17.7% |
| Other operating charges640/8 | - | - | €1,070 | €779 | €33,322 | €2,039 | ▼ 93.9% |
| Gross operating margin9900 | €65,388 | €53,813 | €105,354 | €193,062 | €253,748 | €116,604 | ▼ 54.0% |
| Operating profit (loss)9901 | €58,086 | €45,944 | €59,713 | €90,572 | €114,140 | €18,379 | ▼ 83.9% |
| Financial income75/76B | - | - | €0 | €4 | €40 | €41 | ▲ 2.0% |
| Recurring financial income75 | €2 | - | €0 | €4 | €40 | €41 | ▲ 2.0% |
| Financial charges65/66B | - | - | €82 | €100 | €75 | €94 | ▲ 25.5% |
| Recurring financial charges65 | €55 | €105 | €82 | €100 | €75 | €94 | ▲ 25.5% |
| Profit (loss) for the period before taxes9903 | €58,033 | €45,839 | €59,631 | €90,476 | €114,105 | €18,326 | ▼ 83.9% |
| Profit (loss) for the period9904 | €58,033 | €45,839 | €59,631 | €90,476 | €114,105 | €18,326 | ▼ 83.9% |
| Profit (loss) for the period to be appropriated9905 | €58,033 | €45,839 | €59,631 | €90,476 | €114,105 | €18,326 | ▼ 83.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €119,134 | €158,627 | €212,638 | €337,946 | €420,382 | €432,335 | ▲ 2.8% |
| Fixed assets21/28 | €13,648 | €1,298 | €5,963 | €2,657 | €257,164 | €244,782 | ▼ 4.8% |
| Tangible fixed assets22/27 | €13,648 | €1,298 | €5,963 | €2,657 | €257,164 | €244,782 | ▼ 4.8% |
| Land and buildings22 | - | - | - | - | €250,800 | €241,600 | ▼ 3.7% |
| Plant, machinery and equipment23 | - | - | €5,314 | €2,657 | €6,364 | €3,182 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | €649 | - | - | - | - |
| Current assets29/58 | €105,486 | €157,329 | €206,675 | €335,289 | €163,218 | €187,553 | ▲ 14.9% |
| Amounts receivable within one year40/41 | €13,647 | €8,101 | €7,303 | €14,716 | €17,458 | €8,929 | ▼ 48.9% |
| Trade receivables40 | - | - | €7,039 | €10,927 | €17,458 | €2,535 | ▼ 85.5% |
| Other amounts receivable41 | - | - | €264 | €3,789 | - | €6,394 | - |
| Cash at bank and in hand54/58 | €91,239 | €147,732 | €196,944 | €318,177 | €144,153 | €176,355 | ▲ 22.3% |
| Deferred charges and accrued income490/1 | - | - | €2,428 | €2,396 | €1,607 | €2,268 | ▲ 41.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €119,134 | €158,627 | €212,638 | €337,946 | €420,382 | €432,335 | ▲ 2.8% |
| Equity10/15 | €105,558 | €158,221 | €202,694 | €290,513 | €401,961 | €420,286 | ▲ 4.6% |
| Profit (loss) carried forward14 | €91,910 | €137,749 | €197,380 | €287,856 | €401,961 | €420,286 | ▲ 4.6% |
| Investment grants15 | - | - | €5,314 | €2,657 | - | - | - |
| Amounts payable17/49 | €13,576 | €406 | €9,944 | €47,433 | €18,422 | €12,048 | ▼ 34.6% |
| Amounts payable within one year42/48 | €676 | €406 | €9,944 | €18,750 | €18,135 | €11,398 | ▼ 37.1% |
| Trade debts44 | €676 | €269 | €999 | €3,597 | €580 | €2,831 | ▲ 388% |
| Suppliers440/4 | - | - | €999 | €3,597 | €580 | €2,831 | ▲ 388% |
| Taxes, remuneration and social security45 | - | - | €8,872 | €15,153 | €17,530 | €8,567 | ▼ 51.1% |
| Taxes450/3 | - | - | €1,292 | €2,957 | €4,370 | €1,474 | ▼ 66.3% |
| Remuneration and social security454/9 | - | - | €7,580 | €12,196 | €13,160 | €7,094 | ▼ 46.1% |
| Accrued charges and deferred income492/3 | - | - | - | €28,683 | €286 | €650 | ▲ 127% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,033 | €45,839 | €59,631 | €90,476 | €114,105 | €18,326 | ▼ 83.9% |
| + Depreciation and write-downs630 | €6,824 | €649 | €3,306 | €3,306 | €15,039 | €12,382 | ▼ 17.7% |
| Operating cash flow (approximation) | €64,857 | €46,488 | €62,937 | €93,782 | €129,145 | €30,708 | ▼ 76.2% |
| Investment in fixed assets (approximation) | - | €11,702 | -€7,972 | €0 | -€269,547 | €0 | - |
| Change in cash | - | €56,493 | €49,212 | €121,232 | -€174,024 | €32,203 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 19-02-2026 | 2026-00040437 |
| 31-12-2024 | micro format | 17-03-2025 | 2025-00048614 |
| 31-12-2023 | micro format | 22-02-2024 | 2024-00032879 |
| 31-12-2022 | micro format | 13-03-2023 | 2023-00038510 |
| 31-12-2021 | micro format | 01-04-2022 | 2022-09600569 |
| 31-12-2020 | micro format | 18-03-2021 | 2021-07700568 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €102,539 awarded · €102,539 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €6,169 | €6,169 |
| 2024 | 2 | €3,360 | €21,009 |
| 2023 | 1 | €0 | €70,596 |
| 2022 | 2 | €93,010 | €4,765 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- Gerda Dekempe founder
- Corneel Decaesstecker founder
- Christiaan Verstraete founder
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
No directors read yet: 1 of 2 Gazette acts processed.
History
Acts, filings and financial milestones
03-08
Gazette deed
Amendment of the articlesIncorporation · Founder5 facts ▸
- Incorporation, 08-09-2017
- Founder, Gerda Dekempe
- Founder, Corneel Decaesstecker
- Founder, Christiaan Verstraete
- General meeting, 10-07-2023
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44362B0322/00W003 | Flanders | 155 m² | 1 · 102 m² | 12.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle culturele activiteiten en producten die ze interessant acht zowel administratief en creatief te ondersteunen als te promoten,bekend te…” (deed in Dutch)
7 activities (deed in Dutch)
- Alle culturele activiteiten en producten die ze interessant acht zowel administratief en creatief te ondersteunen als te promoten,bekend te maken en te verspreiden in binnen- en buitenland.
- Circus- en straattheatervoorstellingen uit te voeren,te produceren,verspreiden en te exploiteren.
- Beweging in diverse vormen te promoten,aan te leren,te verspreiden bij diverse doelgroepen.
- Evenementen,optredens,workshops,cursussen en activiteiten van allerlei aard organiseren en mede-organiseren.
- Alle activiteiten ondernemen die dit doel kunnen bevorderen in alle disciplines en genres,zoals circus,straattheater,muziek,theater,audiovisuele kunsten,dans,plastische kunsten en alle andere activiteiten en producten in verband hiermee.
- Muzikale en audiovisuele werken componeren,uitvoeren,opnemen,produceren,promoten,verspreiden en exploiteren.
- Optreden als uitgever van literaire,muzikale en audiovisuele werken.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Be Flat
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Onbepaalde duur, 3” (deed in Dutch)“Gewone meerderheid van de stemmen, hoofdzetel” (deed in Dutch)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Bestuursorgaan, zetel” (deed in Dutch)“Algemene vergadering, algemene vergadering” (deed in Dutch)