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BRYGGEN - Bruges Strings

Active
Non-profit associationfounded 1974active for 52 yearsSchaarstraat 18, 8000 Brugge, BelgiumKBO/BCE: BE 0414.743.195
Summary

BRYGGEN - Bruges Strings has been active since 1974 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,596 and a net result of €24,643. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 69% of 2,464 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
BRYGGEN - Bruges StringsActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Performing arts by artistic ensembles
NACE 90202
4th oldest company in Bruges, Arts, sports and recreation sector1 site
Size
€115,202total assets 2025
Staff
2.9 FTE
Equity
€80,596
Surplus
€24,643
Turnover not published (micro format)
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
4 members
2025 accounts filed 26 days late2 of 14 deeds summarised
Why 97lowers riskLegal form: non-profit associationLiquidity: current ratio 3.02, cash €33,816Sector: Arts creation and performing arts activities (NACE 90)Founded in 1974Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 74% of its sector peers (NACE 90, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 95-2
equity 70.0% of total assets
Liquidity 74+23
short-term debt 30.0% · cash 29.4%
Profitability 95+22
return on assets 21.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,419 companies, NACE 90, micro)
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%● unchanged 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 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026highest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.02, compared with 3.17 in 2024, above the usual 1.5; short-term debt: 30% and cash: 29.4% of total assets), and 30% of the assets are financed with debt and provisions.
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 71% on solvency, 63% on liquidity, 80% on profitability and 82% 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

Five signals.
lowers riskraises risk
lowers risk · Legal form: non-profit association
KBO
lowers risk · Liquidity: current ratio 3.02, cash €33,816
NBB · annual accounts
lowers risk · Sector: Arts creation and performing arts activities (NACE 90)
KBO
lowers risk · Founded in 1974
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 2025 accounts filed 26 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filings
Deviation from the deadline
2025
26 days late
2024
31 days early
2023
27 days early
2022
29 days late
2021
153 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 30 days after 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Reappointments: Maud Bekaert, Liesbet Vereertbrugghen and…Gazette deed

Key points

  • Positive: 4th oldest company in Bruges, Arts, sports and recreation sectorin the Checked rankings No. 4 View
  • Flemish supportawarded from 2023 to 2025 €806,346 View
  • Active since 1974founded 23-10-1974 52 years View

By topic

Financials

Financial year
2025
Total assets
€115,202
Profit
€24,643
Solvency
70.0%
Total assets▲ 49.2%
Net result
20212025
Go to Financials

Board & ownership

Board
4 members
  • Willy KiekensChair
  • Liesbet VereertbrugghenDirector
  • Maud BekaertDirector
  • Filip StrobbeDirector
Go to Board & ownership

Timeline

Events
10
Since
2022
Next accounts
by 31-07-2027
  1. 04-07-2024Annual accounts filed
  2. 10-01-2024Appointments: Filip Strobbe (director) and EY Bedrijfsrevisoren…
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Performing arts by artistic ensemblesNACE 90202
Founded
23-10-1974
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about BRYGGEN - Bruges Strings

What is the company number of BRYGGEN - Bruges Strings?
0414.743.195. In Belgium the VAT number is the company number with BE in front: BE 0414.743.195.
Where is BRYGGEN - Bruges Strings based?
The registered office is at Schaarstraat 18, 8000 Brugge.Company details
What does BRYGGEN - Bruges Strings do?
According to the KBO register, the main activity is performing arts by artistic ensembles (NACE 90202).
What is the legal form of BRYGGEN - Bruges Strings?
Non-profit association (VZW).
When was BRYGGEN - Bruges Strings founded?
On 23-10-1974.
Is BRYGGEN - Bruges Strings still active?
Yes, BRYGGEN - Bruges Strings is an active enterprise in the KBO register.
How many employees does BRYGGEN - Bruges Strings have?
On average 2.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of BRYGGEN - Bruges Strings?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is BRYGGEN - Bruges Strings profitable?
In financial year 2025, BRYGGEN - Bruges Strings made a profit of €24,643.
Where can I find the annual accounts of BRYGGEN - Bruges Strings?
BRYGGEN - Bruges Strings filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BRYGGEN - Bruges Strings due?
By 31-07-2027, for financial year 2026.Timeline

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