Financials
- Financial year
- 2025
- Turnover
- €2.7m
- Loss
- -€560,604
- Solvency
- -98.4%
Turnover▼ 20.6%
Net result
20212025
Belgomania
ActiveSummary
Belgomania has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€518,148) and a net result of -€560,604. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 298 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Performing arts by artistic ensembles
NACE 90202Promotion and organisation of arts and performing arts events NACE 90391
1 site
Size
€2.7mturnover 2025
- Staff
- 5.8 FTE
- Equity
- -€518,148
- Deficit
- -€560,604
Structure
- Board
- 15 members
- Cédric THEATEChair
Auditor: BDO Réviseurs Entreprises2025 accounts 23 days early
Why 53raises riskCapped at 59: negative equityNegative equity -€518,148Loss of €560,604 (financial year 2025)lowers riskLegal form: non-profit associationSector: Arts creation and performing arts activities (NACE 90)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 9% of its sector peers (NACE 90, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
0-30
equity -98.4% of total assets
Liquidity
16-1
short-term debt 198.2% · cash 12.4%
Profitability
0-80
return on assets -106.5%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: < 0.1%▼ -0.1 percentage points vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
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 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.3 percentage points vs 04-2026highest value
06-2026: 0.3%● unchanged vs 05-2026highest value
07-2026: 0.3%● unchanged vs 06-2026highest value
08-2026: 0.3%● unchanged vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.49, compared with 1.03 in 2024, below 1; short-term debt: 198.2% and cash: 12.4% of total assets), and equity is negative.
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 90, micro): better than 6% on solvency, 10% on liquidity, 7% on profitability and 12% on growth.
The bankruptcy probability was computed on 24-10-2026 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
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192122232425
2018 to 2025 · latest year -€518,148
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-04-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 days early
2024
106 days early
2023
39 days early
2022
32 days early
2021
159 days early
2019
74 days late
2018
153 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 63 days before the deadline; the sector median (NACE 90) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 23 March (4 of the last 5 filed years within 68 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end25-10-2026 today30-04-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Resignation: Nicolas TEFNIN (administrateur, président de…Appointments: Cédric THEATE (chair) and…
- Weakest financial yearnet -€560,604
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€518,148 View
- Caution: From profit to loss in 2025after €598,958 in 2024 -€560,604 View
- Caution: Among the weakest 5% on solvencysector median 46.9% · 298 companies -98.4% View
- Wallonia-Brussels supportpaid from 2021 to 2025 €1.1m View
- Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View
By topic
Board & ownership
- Board
- 15 members
- Auditor
- BDO Réviseurs Entreprises
- Cédric THEATEChair
- Anaïs HennemontDirector
- KAYNAK ErselDirector
- Jean-Yves SegersDirector
- Aurélie KayeDirector
and 10 other directors
Network & group
- Connected companies
- 22
Timeline
- Events
- 35
- Since
- 2004
- Next accounts
- by 30-04-2027
- 14-01-2025Annual accounts filed
- 30-09-2024Back to profit
- 16-04-2024Reappointment: BDO Réviseurs Entreprises (statutory auditor)
Company details
- Sites
- 1
- Legal form
- Non-profit association
- Activity
- Performing arts by artistic ensemblesNACE 90202
- Founded
- 28-02-1995
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- “La production, la promotion et la diffusion de produits culturels et artistiques…” (deed in French)
Key facts about Belgomania
- What is the company number of Belgomania?
- 0455.274.052. In Belgium the VAT number is the company number with BE in front: BE 0455.274.052.
- Where is Belgomania based?
- The registered office is at Rue Rogier 2, 4900 Spa.Company details
- What does Belgomania do?
- According to the KBO register, the main activity is performing arts by artistic ensembles (NACE 90202).
- What is the legal form of Belgomania?
- Non-profit association (VZW).
- When was Belgomania founded?
- On 28-02-1995.
- Is Belgomania still active?
- Yes, Belgomania is an active enterprise in the KBO register.
- How many employees does Belgomania have?
- On average 5.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Belgomania?
- €2.7m in financial year 2025, according to the filed annual accounts.
- Is Belgomania profitable?
- In financial year 2025, Belgomania made a loss of €560,604.
- Where can I find the annual accounts of Belgomania?
- Belgomania filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Belgomania due?
- By 30-04-2027, for financial year 2026.Timeline
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