Active BE 0690.686.421Private limited company

BeRare

Stijgbeugelstraat 14 ·2020 Antwerpen, Belgium· 8 yrs active

Sector: Other support activities for arts and performing arts (90399)

Conclusion Checked

BeRare has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60k and a net result of €14k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€60k
Net result	€14k
Better than sector	79%
Active	8 yrs

Financial profile 5 of 5 axes measured · computed by Checked

96 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 100

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2018, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€6k

estimate, not credit advice

Score history

93 2023

86 2024

100 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 5.16 (≥ 1.5) +10

Quick ratio Quick ratio 5.16 (≥ 1.0) +5

Leverage Debt/equity 0.24 (< 1.0) +10

Profitability ROE 23% (≥ 10%) +10

Interest coverage Interest coverage 82.8× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 28-05-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~17.4%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 90, Arts creation and performing arts activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	80.8%	50.2%	better than 79% of 1909 sector peers
Net result	€14k	€6k	better than 64% of 1906 sector peers
Equity	€60k	€44k	better than 57% of 1910 sector peers
Gross operating margin	€35k	€25k	better than 59% of 1905 sector peers
Total assets	€74k	€107k	better than 38% of 1910 sector peers

EBITDA

€19k

+151.1% 23-25

Net profit

€14k

+584.2% 23-25

Cash flow

€15k

+123.2% 23-25

Total assets

€74k

+17.0% 23-25

Equity

€60k

+30.3% 23-25

Working capital

€58k

+34.6% 23-25

Staff costs

€58

- 23-25

Income taxes

€4k

+350.9% 23-25

Debt

€14k

-18.1% 23-25

Debt ≤ 1y

€14k

-19.3% 23-25

Current ratio

5.16

+47.6% 23-25

Quick ratio

5.16

+47.6% 23-25

Solvency

80.8%

+11.4% 23-25

Debt / equity

0.24

-37.1% 23-25

ROE

23.2%

+425.1% 23-25

ROA

18.8%

+484.8% 23-25

Interest coverage

82.77

+113.7% 23-25

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2025 Δ	2024 Δ	2023 Δ
Deposit	micro schema	micro schema	micro schema
Revenue	-	-	-
EBITDA	+151.1%	-63.0%	-
Net profit	+584.2%	-76.0%	-
Cash flow	+123.2%	-61.9%	-
Staff costs	-	-	-
Income taxes	+350.9%	-65.3%	-
Dividends	-	-	-
Total assets	+17.0%	-14.9%	-
Equity	+30.3%	+4.6%	-
Debt	-18.1%	-42.9%	-
of which ≤ 1y	-19.3%	-42.9%	-
of which > 1y	-	-	-
Working capital	+34.6%	+18.0%	-
Employees (FTE)	-	-	-

Ratios (computed)

	2025	2024	2023
Current ratio	5.16	3.49	2.21
Quick ratio	5.16	3.49	2.21
Working capital ratio	78.7%	68.4%	49.4%
Solvency	80.8%	72.6%	59.0%
Debt / equity	0.24	0.38	0.69
Long-term debt ratio	-	-	-
Interest coverage	82.77	38.73	45.37
Gross margin	-	-	-
Net margin	-	-	-
ROA	18.8%	3.2%	11.4%
ROE	23.2%	4.4%	19.3%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €2k · 2.4% Current assets €72k · 97.6%

Equity & liabilities

Equity €60k · 80.8% Debt €14k · 19.2%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€74k	€63k	€74k
Fixed assets	21/28	€2k	€3k	€7k
Tangible fixed assets	22/27	€2k	€3k	€7k
Current assets	29/58	€72k	€60k	€67k
Amounts receivable within one year	40/41	€18k	€10k	€33k
Cash & bank	54/58	€54k	€48k	€32k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€74k	€63k	€74k
Equity	10/15	€60k	€46k	€44k
Contributions / capital	10/11	€1k	€1k	€1k
Reserves	13	€59k	€45k	€43k
Amounts payable	17/49	€14k	€17k	€30k
Amounts payable within one year	42/48	€14k	€17k	€30k
Trade debts payable within one year	44	€1k	€2k	€4k
Income statement
Gross operating margin	9900	€35k	€24k	€36k
Operating result	9901	€18k	€3k	€11k
Financial income	75	€10	€150	-
Financial charges	65	€227	€193	€446
Result before taxes	9903	€18k	€3k	€11k
Income taxes	67/77	€4k	€864	€2k
Net result for the period	9904	€14k	€2k	€8k
Result to be appropriated	9905	€14k	€2k	€8k

Directors & mandates 1 directors

Current directors & mandates

REYNTJENS Raf
Director
State Gazette act 24326251 (15-01-2024)

Current
15-01-2024 → present

Legal Structure

NACE primary	Other support activities for arts and performing arts(90399)
Legal form	Private limited company(610)
Incorporation	16-02-2018
Status	Active
Postal code	2020

Establishment units 1 location

BeRare

Stijgbeugelstraat 14, 2020 AntwerpenVideo and film production, excluding cinema and television films

since 20182.273.199.057

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11809I2362/00K009	Flanders	159 m²	1 · 76 m²	12.2 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 4 events

All 6Financial 2Gazette 1Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-05

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2023net €14k ▲584%

Operating result €18k, net result €14k, both a record.

08-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €2k ▼76%

Net result drops to €2k, the lowest in the series; recovery starts the following year.

13-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

15-01

State Gazette act Director changes

Jan Verreth

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

15-01-2024 1 director appointed, 1 reappointed Director changes·Jan Verreth

REYNTJENS Raf, Bestuurder
REYNTJENS Raf, Bestuurder

Notary: Jan Verreth · Lier

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Arts creation and performing arts activities90029Other support activities for arts and performing arts90399

Names & trade names

Legal nameNL

BeRare

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