BOSBES
ActiveSummary
BOSBES has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,375 and a net result of €20,714. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 2064 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+9
Solvency94▲+3
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.84 against 2.14 in 2024; short-term debt: 30.7% and cash: 83.5% of total assets), and 30.7% of the assets are financed with debt.
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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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.3%
Return on assets
24.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
23 d early
2023
on the day
2022
31 d late
2021
31 d late
2020
31 d late
2019
92 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 27 days after the deadline; the sector median for financial year 2024 is 3 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. Usually files around 26 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€59,375▲ 53.6%
2024 · €38,661
Total assets
€85,688▲ 46.7%
2024 · €58,424
Net result
€20,714▲ 106%
2024 · €10,054
Working capital
€48,370▲ 115%
2024 · €22,467
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,013▲ 57.9%€9,431-€131€10,317€27,784▲ 169%
Net result-€5,212below the sector's middle half▲ 56.8%€9,224within the sector's middle half-€390within the sector's middle half€10,054within the sector's middle half€20,714within the sector's middle half▲ 106%
Equity€13,576within the sector's middle half▼ 27.7%€22,800within the sector's middle half▲ 67.9%€28,607within the sector's middle half▲ 25.5%€38,661within the sector's middle half▲ 35.1%€59,375within the sector's middle half▲ 53.6%
Total assets€40,131below the sector's middle half▼ 11.9%€49,201within the sector's middle half▲ 22.6%€50,418within the sector's middle half▲ 2.5%€58,424within the sector's middle half▲ 15.9%€85,688within the sector's middle half▲ 46.7%
Debt€26,556▼ 0.7%€26,401▼ 0.6%€21,811▼ 17.4%€19,763▼ 9.4%€26,313▲ 33.1%
Working capital€13,576within the sector's middle half▼ 27.7%€22,800within the sector's middle half▲ 67.9%€7,223within the sector's middle half▼ 68.3%€22,467within the sector's middle half▲ 211%€48,370within the sector's middle half▲ 115%
Solvency33.8%within the sector's middle half▼ 7.4pp46.3%within the sector's middle half▲ 12.5pp56.7%within the sector's middle half▲ 10.4pp66.2%within the sector's middle half▲ 9.4pp69.3%within the sector's middle half▲ 3.1pp
Current ratio1.51within the sector's middle half▼ 0.191.86within the sector's middle half▲ 0.351.33within the sector's middle half▼ 0.532.14within the sector's middle half▲ 0.812.84within the sector's middle half▲ 0.70
Return on assets (ROA)-13.0%below the sector's middle half▲ 13.5pp18.7%within the sector's middle half▲ 31.7pp-0.8%within the sector's middle half▼ 19.5pp17.2%within the sector's middle half▲ 18.0pp24.2%above the sector's middle half▲ 7.0pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 169% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85,688
Fixed assets
€11,005 ▼ 32.0%
Current assets
€74,683 ▲ 76.9%
Equity and liabilities €85,688
Equity
€59,375 ▲ 53.6%
Debt
€26,313 ▲ 33.1%
Debt's share of the balance-sheet total falls from 33.8% to 30.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32,974▲
2024 · €15,506
Cash flow
€25,904▲
2024 · €15,243
Debt to equity
0.44▼
2024 · 0.51
ROE
34.9%▲
2024 · 26.0%
Interest coverage
476.98▲
2024 · 184.31
Debt ≤ 1 year
€26,313▲
2024 · €19,763
Income taxes
€7,001▲
2024 · €179
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% | 1.0% |
| 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% 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 31,371 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6,694 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | €4,564 | €5,190 | €5,190 | = |
| Other operating charges640/8 | €249 | €619 | €544 | €628 | €731 | ▲ 16.4% |
| Gross operating margin9900 | -€4,764 | €10,050 | €4,978 | €16,134 | €33,705 | ▲ 109% |
| Operating profit (loss)9901 | -€5,013 | €9,431 | -€131 | €10,317 | €27,784 | ▲ 169% |
| Financial income75/76B | €1 | €0 | - | - | - | - |
| Recurring financial income75 | €1 | €0 | - | - | - | - |
| Financial charges65/66B | €83 | €88 | €88 | €84 | €69 | ▼ 17.8% |
| Recurring financial charges65 | €83 | €88 | €88 | €84 | €69 | ▼ 17.8% |
| Profit (loss) for the period before taxes9903 | -€5,095 | €9,343 | -€219 | €10,233 | €27,715 | ▲ 171% |
| Income taxes67/77 | €117 | €120 | €171 | €179 | €7,001 | ▲ 3,819% |
| Profit (loss) for the period9904 | -€5,212 | €9,224 | -€390 | €10,054 | €20,714 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | -€5,212 | €9,224 | -€390 | €10,054 | €20,714 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,131 | €49,201 | €50,418 | €58,424 | €85,688 | ▲ 46.7% |
| Fixed assets21/28 | - | - | €21,384 | €16,194 | €11,005 | ▼ 32.0% |
| Tangible fixed assets22/27 | - | - | €21,384 | €16,194 | €11,005 | ▼ 32.0% |
| Furniture and vehicles24 | - | - | €21,384 | €16,194 | €11,005 | ▼ 32.0% |
| Current assets29/58 | €40,131 | €49,201 | €29,034 | €42,229 | €74,683 | ▲ 76.9% |
| Amounts receivable within one year40/41 | €4,170 | €237 | €9,179 | €2,983 | €3,138 | ▲ 5.2% |
| Trade receivables40 | €1,564 | €0 | €5,013 | €2,320 | €3,138 | ▲ 35.3% |
| Other amounts receivable41 | €2,606 | €237 | €4,166 | €663 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €35,962 | €48,964 | €19,854 | €39,247 | €71,545 | ▲ 82.3% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,131 | €49,201 | €50,418 | €58,424 | €85,688 | ▲ 46.7% |
| Equity10/15 | €13,576 | €22,800 | €28,607 | €38,661 | €59,375 | ▲ 53.6% |
| Contributions10/11 | €12,395 | €12,395 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €40,684 | €40,684 | €38,825 | €38,825 | €38,825 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Distributable reserves133 | €38,825 | €38,825 | €38,825 | €38,825 | €38,825 | = |
| Profit (loss) carried forward14 | -€39,503 | -€30,279 | -€28,810 | -€18,756 | €1,958 | ▲ 110% |
| Amounts payable17/49 | €26,556 | €26,401 | €21,811 | €19,763 | €26,313 | ▲ 33.1% |
| Amounts payable within one year42/48 | €26,556 | €26,401 | €21,811 | €19,763 | €26,313 | ▲ 33.1% |
| Trade debts44 | €352 | €388 | €143 | €174 | €0 | ▼ 100% |
| Suppliers440/4 | €352 | €388 | €143 | €174 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €117 | €120 | €2,275 | €350 | €7,221 | ▲ 1,964% |
| Taxes450/3 | €117 | €120 | €2,275 | €350 | €7,221 | ▲ 1,964% |
| Other amounts payable47/48 | €26,087 | €25,893 | €19,393 | €19,239 | €19,092 | ▼ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,212 | €9,224 | -€390 | €10,054 | €20,714 | ▲ 106% |
| + Depreciation and write-downs630 | €0 | - | €4,564 | €5,190 | €5,190 | = |
| Operating cash flow (approximation) | -€5,212 | €9,224 | €4,174 | €15,243 | €25,904 | ▲ 69.9% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €13,002 | -€29,109 | €19,392 | €32,298 | ▲ 66.6% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Highest result since 2018net €20,714 ▲106%
Operating result €27,784, net result €20,714, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10,054
Net result €10,054 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €9,224
Net result €9,224 after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€12,055
Net result drops to -€12,055, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 1998
Ground area
102 m²
Building footprint
76 m²
Volume, LiDAR
866 m³
Parcel 21902A0419/00T000, Brussels · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Léopold Couroublestraat 16, 1030 Schaarbeek
since 19982.087.021.613
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0419/00T000 | Brussels | 102 m² | 1 · 76 m² | 17.0 m · 4 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 2,276 companies in this sector we hold annual accounts for 415. 321 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded08-05-1998
Fiscal year end31-12
Activities, NACEBEL 2025
90202Performing arts by artistic ensembles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463333663
Also
9925:BE0463333663
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.