Brussels Philharmonic
ActiveSummary
Brussels Philharmonic has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.67M and a net result of €-91k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 534 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-2
Solvency55▼-1
Growth48▼-17
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 2.2 in 2024; short-term debt: 39.6% and cash: 43.9% of total assets), but 70.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 90
lower
← 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
29.6%
Return on assets
-1.6%
Age of the figures
9 mo
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 17-04-2026, 105 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
105 d early
2024
105 d early
2023
110 d early
2022
109 d early
2021
116 d early
2020
124 d early
2019
67 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.32M▼ 0.1%
2024 · €1.32M
2019: €1.19M
2020: €445k
2021: €462k
2022: €841k
2023: €1.07M
2024: €1.32M
2019 → 2025
EBIT margin
22.4%▼ 16.5pp
2024 · 38.9%
2019: 25.6%
2020: 244.7%
2021: 186.4%
2022: 89.8%
2023: 48.4%
2024: 38.9%
2019 → 2025
Net result
€-91k
2024 · €48k
2019: €-65k
2020: €672k
2021: €477k
2022: €394k
2023: €140k
2024: €48k
2019 → 2025
Working capital
€2.99M▲ 0.6%
2024 · €2.97M
2019: €197k
2020: €1.34M
2021: €1.95M
2022: €2.89M
2023: €3.07M
2024: €2.97M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€462k-€841k▲ 81.9%€1.07M▲ 26.7%€1.32M▲ 23.8%€1.32M▼ 0.1%
Equity€1.18M-€1.58M▲ 33.3%€1.72M▲ 8.9%€1.77M▲ 2.8%€1.67M▼ 5.2%
Operating result€862k-€755k▼ 12.4%€516k▼ 31.7%€513k▼ 0.6%€295k▼ 42.4%
Net result€477k-€394k▼ 17.3%€140k▼ 64.4%€48k▼ 66.1%€-91k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 42% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.66M
Fixed assets
€430k ▲ 51.8%
Current assets
€5.23M ▼ 4.0%
Equity and liabilities €5.66M
Equity
€1.67M ▼ 5.2%
Provisions
€248k ▲ 65.9%
Debt
€3.74M ▼ 2.1%
Debt's share of the balance-sheet total falls from 66.6% to 66.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€333k▼
2024 · €547k
Cash flow
€-53k▼
2024 · €82k
Current ratio
2.33▲
2024 · 2.20
Debt to equity
2.23▲
2024 · 2.16
ROE
-5.5%▼
2024 · 2.7%
ROA
-1.6%▼
2024 · 0.8%
Interest coverage
25.31▼
2024 · 41.54
Debt ≤ 1 year
€2.24M▼
2024 · €2.48M
Income taxes
€66k▼
2024 · €74k
Staff costs
€9.84M▲
2024 · €9.57M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 66 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.73M€5.66M▼
Fixed assets21/28€283k€430k▲
Intangible fixed assets21€5k€1k▼
Tangible fixed assets22/27€154k€290k▲
Land and buildings22€8k€22k▲
Plant, machinery and equipment23€6k€30k▲
Furniture and vehicles24€140k€97k▼
Other tangible fixed assets26-€142k
Financial fixed assets28€124k€139k▲
Affiliated companies280/1€52k€67k▲
Participating interests280€52k€67k▲
Other financial fixed assets284/8€72k€72k▲
Amounts receivable and cash guarantees285/8€72k€72k▲
Current assets29/58€5.45M€5.23M▼
Amounts receivable after more than one year29€34k€31k▼
Other amounts receivable291€34k€31k▼
Amounts receivable within one year40/41€2.27M€2.32M▲
Trade receivables40€171k€143k▼
Other amounts receivable41€2.10M€2.18M▲
Cash at bank and in hand54/58€2.64M€2.48M▼
Deferred charges and accrued income490/1€516k€399k▼
Equity and liabilities
Total equity and liabilities10/49€5.73M€5.66M▼
Equity10/15€1.77M€1.67M▼
Reserves13€833k€833k=
Profit (loss) carried forward14€932k€841k▼
Provisions and deferred taxes16€150k€248k▲
Provisions for liabilities and charges160/5€150k€248k▲
Other liabilities and charges164/5€150k€248k▲
Amounts payable17/49€3.82M€3.74M▼
Amounts payable within one year42/48€2.48M€2.24M▼
Trade debts44€576k€694k▲
Suppliers440/4€576k€694k▲
Taxes, remuneration and social security45€1.18M€1.16M▼
Taxes450/3€246k€224k▼
Remuneration and social security454/9€933k€936k▲
Accrued charges and deferred income492/3€1.34M€1.49M▲
Income statement
Code20242025
Operating income70/76A€15.09M€15.29M▲
Turnover70€1.32M€1.32M▼
Other operating income74€3.06M€3.02M▼
Non-recurring operating income76A€2k€131▼
Operating charges60/66A€14.58M€14.99M▲
Services and other goods61€5.04M€4.99M▼
Remuneration, social security and pensions62€9.57M€9.84M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€38k▲
Other operating charges640/8€27k€21k▼
Non-recurring operating charges66A€8k€652▼
Operating profit (loss)9901€513k€295k▼
Financial income75/76B€31k€30k▼
Recurring financial income75€31k€16k▼
Income from financial fixed assets750€394€549▲
Income from current assets751€31k€15k▼
Other financial income752/9€133€39▼
Non-recurring financial income76B-€14k
Financial charges65/66B€423k€351k▼
Recurring financial charges65€423k€351k▼
Debt charges650€13k€13k▲
Other financial charges652/9€410k€338k▼
Profit (loss) for the period before taxes9903€121k€-25k▼
Income taxes67/77€74k€66k▼
Taxes670/3€74k€66k▼
Profit (loss) for the period9904€48k€-91k▼
Profit (loss) for the period to be appropriated9905€48k€-91k▼
Appropriation of the result
Profit (loss) to be appropriated9906€980k€841k▼
Profit (loss) brought forward from the previous period14P€932k€932k=
To contributions691€48k-
Social balance
Average headcount (FTE)9087121.5125.1▲
The notes to these accounts (57 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-91k ▼292%
Net result drops to €-91k, the lowest in the series.
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.18M ▲67.5%
2 profitable years in a row build equity to €1.18M.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €672k
Net result €672k after one loss-making year.
31-12
Financial
Equity above €500kEq €707k ▲1949%
Equity rises from €35k to €707k.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 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, Elsene · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eugène Flageyplein 181050 ElseneGround area
4,093 m²
Building footprint
4,090 m²
Volume, LiDAR
95,656 m³
Parcel 21443C0149/00M000, Brussels · tallest building 46.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Vlaams Omroeporkest en Kamerkoor vzw
since 20062.153.300.822
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0149/00M000 | Brussels | 4,093 m² | 1 · 4,090 m² | 46.8 m · 8 fl. |
Linked by address, not proof of ownership
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 40,762,304 EUR awarded · 39,707,333 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 10,716,111 EUR | 10,696,104 EUR |
| 2024 | 1 | 10,480,124 EUR | 10,418,725 EUR |
| 2023 | 3 | 9,969,414 EUR | 9,904,112 EUR |
| 2022 | 1 | 9,596,655 EUR | 8,688,392 EUR |
Schemes
Professionele kunsten: Werkingssubsidie voor een kunstinstelling (Kunstendecreet 2021)
Professionele kunsten: Werkingssubsidie voor een kunstinstelling (Kunstendecreet 2013)
Cultuurwerk: Projectsubsidie voor een cultureel samenwerkingsinitiatief tussen Vlaanderen en de Franse Gemeenschap (Uitgavendecreet)
Similar companies · same sector, comparable size
CAPITALE MUSIC
BE 0458.389.930
Wanze · Eq €1,710,431
Mars, Mons Arts de la Scène
BE 0477.704.016
Mons · Eq €1,920,599
NANDO
BE 0478.946.507
Seraing · Eq €1,924,780
Ancienne Belgique
BE 0430.973.770
Brussel · Eq €1,936,195
THIVAIOS
BE 0827.401.783
Antwerpen · Eq €2,030,001
Of 2,276 companies in sector 90202 we hold annual accounts for 413. 139 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded02-03-1998
Fiscal year end31-12
Activities, NACEBEL 2025
90202Performing arts by artistic ensembles
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.