BISTREAU
ActiveSummary
BISTREAU has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€17,420) and a net result of -€3,905. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 2011 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.32 in 2024; short-term debt: 199.8% and cash: 1.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-99.8%
Return on assets
-22.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€17,420
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
7 d early
2023
61 d late
2022
90 d early
2021
9 d early
2020
on the day
2019
95 d late
← 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 7 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€17,420▼ 28.9%
2024 · -€13,515
Total assets
€17,459▼ 26.6%
2024 · €23,771
Net result
-€3,905▲ 72.6%
2024 · -€14,257
Working capital
-€17,420▲ 31.5%
2024 · -€25,444
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€18,258-€18,348-€9,768▲ 46.8%-€13,542▼ 38.6%-€3,496▲ 74.2%
Net result€14,998-€19,127-€10,814▲ 43.5%-€14,257▼ 31.8%-€3,905▲ 72.6%
Equity€30,682▲ 95.6%€11,555▼ 62.3%€741▼ 93.6%-€13,515-€17,420▼ 28.9%
Total assets€113,749▲ 19.1%€67,760▼ 40.4%€39,702▼ 41.4%€23,771▼ 40.1%€17,459▼ 26.6%
Debt€83,066▲ 4.1%€56,204▼ 32.3%€38,960▼ 30.7%€37,286▼ 4.3%€34,878▼ 6.5%
Working capital€28,196▲ 16.8%€4,827▼ 82.9%-€9,319-€25,444▼ 173%-€17,420▲ 31.5%
Staff (FTE)1▲ 66.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,496 in 2025 against €13,542 in 2024; the loss shrinks.
Key figures and ratios
EBITDA
-€3,496▲
2024 · -€8,480
Cash flow
-€3,905▲
2024 · -€9,195
Solvency
-99.8%▼
2024 · -56.9%
Current ratio
0.50▲
2024 · 0.32
Debt to equity
-2.00▲
2024 · -2.76
ROA
-22.4%▲
2024 · -60.0%
Interest coverage
-13.07▲
2024 · -15.66
Debt ≤ 1 year
€34,878▼
2024 · €37,286
Income taxes
€141▼
2024 · €174
Staff costs
€0▼
2024 · €2,299
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €16,797 | €31,687 | €41,187 | €2,299 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,227 | €6,691 | €3,984 | €5,062 | €0 | ▼ 100% |
| Other operating charges640/8 | €681 | €1,424 | €1,366 | €757 | €3,492 | ▲ 361% |
| Non-recurring operating charges66A | - | - | - | - | €2,274 | - |
| Gross operating margin9900 | €41,963 | €21,454 | €36,770 | -€5,424 | €2,270 | ▲ 142% |
| Operating profit (loss)9901 | €18,258 | -€18,348 | -€9,768 | -€13,542 | -€3,496 | ▲ 74.2% |
| Financial income75/76B | €69 | €412 | €10 | €1 | €0 | ▼ 99.3% |
| Recurring financial income75 | €69 | €412 | €10 | €1 | €0 | ▼ 99.3% |
| Financial charges65/66B | €1,285 | €1,035 | €892 | €542 | €268 | ▼ 50.6% |
| Recurring financial charges65 | €1,285 | €1,035 | €892 | €542 | €268 | ▼ 50.6% |
| Profit (loss) for the period before taxes9903 | €17,041 | -€18,971 | -€10,649 | -€14,082 | -€3,764 | ▲ 73.3% |
| Income taxes67/77 | €2,043 | €156 | €165 | €174 | €141 | ▼ 19.2% |
| Profit (loss) for the period9904 | €14,998 | -€19,127 | -€10,814 | -€14,257 | -€3,905 | ▲ 72.6% |
| Transfer from tax-exempt reserves789 | €15,352 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €30,350 | -€19,127 | -€10,814 | -€14,257 | -€3,905 | ▲ 72.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €113,749 | €67,760 | €39,702 | €23,771 | €17,459 | ▼ 26.6% |
| Fixed assets21/28 | €23,802 | €20,975 | €16,991 | €11,929 | €0 | ▼ 100% |
| Intangible fixed assets21 | €814 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €22,988 | €20,975 | €16,991 | €11,929 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €16,198 | €16,113 | €13,998 | €11,929 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,430 | €935 | €811 | €0 | - | - |
| Other tangible fixed assets26 | €5,360 | €3,927 | €2,181 | €0 | - | - |
| Current assets29/58 | €89,946 | €46,785 | €22,711 | €11,842 | €17,459 | ▲ 47.4% |
| Stocks and contracts in progress3 | €3,152 | €3,430 | €0 | - | - | - |
| Stocks30/36 | €3,152 | €3,430 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €50,143 | €24,757 | €13,922 | €4,309 | €12,478 | ▲ 190% |
| Trade receivables40 | €29,441 | €2,512 | €6,154 | €3,852 | €7,347 | ▲ 90.7% |
| Other amounts receivable41 | €20,702 | €22,245 | €7,767 | €457 | €5,132 | ▲ 1,022% |
| Current investments50/53 | €9,885 | €9,385 | €4,660 | €4,660 | €4,660 | = |
| Cash at bank and in hand54/58 | €15,444 | €5,013 | €3,416 | €1,817 | €214 | ▼ 88.2% |
| Deferred charges and accrued income490/1 | €11,323 | €4,200 | €713 | €1,056 | €106 | ▼ 90.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €113,749 | €67,760 | €39,702 | €23,771 | €17,459 | ▼ 26.6% |
| Equity10/15 | €30,682 | €11,555 | €741 | -€13,515 | -€17,420 | ▼ 28.9% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €21,273 | €21,273 | €21,273 | €21,273 | €21,273 | = |
| Distributable reserves133 | €21,273 | €21,273 | €21,273 | €21,273 | €21,273 | = |
| Profit (loss) carried forward14 | -€9,141 | -€28,268 | -€39,082 | -€53,338 | -€57,243 | ▼ 7.3% |
| Amounts payable17/49 | €83,066 | €56,204 | €38,960 | €37,286 | €34,878 | ▼ 6.5% |
| Amounts payable after more than one year17 | €21,316 | €14,247 | €6,931 | €0 | - | - |
| Financial debts170/4 | €21,316 | €14,247 | €6,931 | €0 | - | - |
| Amounts payable within one year42/48 | €61,750 | €41,958 | €32,029 | €37,286 | €34,878 | ▼ 6.5% |
| Current portion of amounts payable after more than one year42 | €9,230 | €7,070 | €7,315 | €6,931 | €0 | ▼ 100% |
| Trade debts44 | €42,473 | €21,600 | €1,536 | €1,496 | €1,290 | ▼ 13.8% |
| Suppliers440/4 | €42,473 | €21,600 | €1,536 | €1,496 | €1,290 | ▼ 13.8% |
| Advances received on contracts in progress46 | €4,786 | €450 | €1,298 | €1,813 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €5,261 | €6,926 | €9,139 | €174 | €1,936 | ▲ 1,010% |
| Taxes450/3 | €1,029 | €2,156 | €1,418 | €174 | €1,936 | ▲ 1,010% |
| Remuneration and social security454/9 | €4,231 | €4,769 | €7,721 | €0 | - | - |
| Other amounts payable47/48 | - | €5,913 | €12,741 | €26,872 | €31,653 | ▲ 17.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,998 | -€19,127 | -€10,814 | -€14,257 | -€3,905 | ▲ 72.6% |
| + Depreciation and write-downs630 | €6,227 | €6,691 | €3,984 | €5,062 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €21,225 | -€12,436 | -€6,830 | -€9,195 | -€3,905 | ▲ 57.5% |
| Investment in fixed assets (approximation) | - | -€3,864 | €0 | €0 | €11,929 | - |
| Change in cash | - | -€10,431 | -€1,597 | -€1,599 | -€1,602 | ▼ 0.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €14,998
Net result €14,998 after 3 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
31-12
Financial
Weakest financial yearnet -€29,788
Net result drops to -€29,788, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, De Haan · 1 establishment unit since 2012
Ground area
527 m²
Building footprint
119 m²
Volume, LiDAR
486 m³
Parcel 35007A0457/00T002, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
August Pauwelslaan 27, 8420 De Haan
since 20122.212.773.007
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007A0457/00T002 | Flanders | 527 m² | 1 · 119 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,313 companies in sector 90201 we hold annual accounts for 601. 72 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.