Equity
€100,969 from €283,381 in 2019
Equity fell by 64% in 6 years.
Le Baron
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €290,877 (2019)
€4,322▲ €19,944
lowest -€94,292 (2024)
-€35,578▲ €58,714
peak €283,381 (2019)
€100,969▼ 26.1%
€264,640▲ 4.4%
Board3 names since 2016
2 directorsVerbaanderd Erik and 1 other
Documentsfilings and deeds
30-07-20261 day before the deadline
2025abbreviated format
Gross margin from -€15,622 to €4,322Loss of €35,578Equity from €136,547 to €100,969Cash from €2,326 to €10
Key points
from the 2025 annual accountsLosses
-€129,871 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€264,640 72% of the balance sheet
Financial debts 32%Suppliers 2%Taxes and wages 1%Other 66%
Of this, €198,612 falls due within a year.
Filings
21 annual accounts since 2005
Eight of the last ten came late. The 2019 accounts came latest: 61 days after the end of the period.
Restructuring
2024
Merger with LE BARON. Merger on 20-12-2024.
Position in the sector
-€35,578
Lower net result than 83% of companies in creative and performing arts. Sector median €12,519 · 649 companies.
Checked score
63
Healthy
Financially stronger than 22% of micro companies in creative and performing arts (NACE 90)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.7%▲ +0.5 percentage points vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.6%▼ -0.1 percentage points vs 03-2025
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.2 percentage points vs 07-2025
09-2025: 1.7%▲ +0.7 percentage points vs 08-2025highest value
10-2025: 1.7%● unchanged vs 09-2025highest value
11-2025: 1.7%● unchanged vs 10-2025highest value
12-2025: 1.7%● unchanged vs 11-2025highest value
01-2026: 1.7%● unchanged vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 1.6%▼ -0.1 percentage points vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.5%▼ -0.1 percentage points vs 05-2026
07-2026: 1.6%▲ +0.1 percentage points vs 06-2026
08-2026: 1.3%▼ -0.3 percentage points vs 07-2026
09-2026: 1.3%● unchanged vs 08-2026
10-2026: 1.3%● unchanged vs 09-2026
11-2026: 1.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 0.09, cash €10, halved
Loss of €35,578, the second in a row (financial year 2025)
lowers risk
Size: total assets €365,609
Calculation
The band follows from the bankruptcy probability. 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). It does better than 35% of them on solvency, 13% on liquidity, 19% on profitability and 21% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,450 companies had the same profile as Le Baron has now. Each dot stands for 7 companies, two years later.
93.2%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Le Baron itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,450 companies, not a prediction for Le Baron. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.09 (0.13 in 2024), below 1. Short-term debt is 54.3% and cash 0% of total assets. 72.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€35,578
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
28 days late
2023
9 days early
2022
31 days late
2021
29 days late
2020
31 days late
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 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 28 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0866246820
Merger: Le Baron takes over LE BARON
Company renamed from BUZZ to Le Baron · Registered office moved from Meise to Boechout · New registered office: Jacques Corstienslei 13 0016, 2530 Boechout · General meeting of 21-11-2024 · Gazette deed
Merger proposal: BUZZ takes over Le Baron
Permanent representative: Van Asbroeck Peter · Appointments: Verbaanderd Erik (director) and Le Baron (director) · Gazette deed
2 directors reappointed
Le Baron BV and Erik Verbaanderd · Permanent representative: Peter Van Asbroek · General meeting of 07-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Le Baron Boechout | €365,609 | €4,322 | 27.6% | - |
| DESERT HORSE PRODUCTIONS Pajottegem | €315,147 | €3,524 | -0.7% | - |
| BIG RED TARTAK Antwerp | €751,633 | €2,929 | 33.8% | - |
| LEELOO Antwerp | €158,096 | €8,437 | 5.2% | - |
| THE MUSIC HOUSE Dilbeek | €260,731 | €4,863 | 99.3% | - |
| ART D.S. Silly | €369,642 | €10,494 | 88.1% | - |
| c-time Hasselt | €158,978 | €4,998 | 95.7% | - |
These companies have the same main activity as Le Baron: performing arts by independent artists (NACE 90201). They are comparable in size and age: total assets between €158,000 and €752,000, founded between 1988 and 2009.
Official details
Source: KBO- Status
- Active since 08-07-2004Normal situation
- Activity
- Performing arts by independent artistsNACE 90201and 3 others
- Establishment unit
- 2.142.067.5292530 Boechout, since 18-10-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 10-04-2025
Annual accounts 2025
- ≈ €21,000estimated
- €365,609▼ 6.3%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on Le Baron
Le Baron files the abbreviated format. That format states no turnover. The gross margin fell from €32,891 in 2006 to €4,322 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Le Baron
- What is the company number of Le Baron?
- The company number of Le Baron is 0866.246.820. The VAT number is the same number with BE in front: BE 0866.246.820.
- Where is Le Baron based?
- The registered office is at Jacques Corstienslei 13, 2530 Boechout.Company details
- What does Le Baron do?
- According to the KBO register, the main activity is performing arts by independent artists (NACE 90201).
- What is the legal form of Le Baron?
- Le Baron is a public limited company (NV).
- When was Le Baron founded?
- Le Baron was founded on 08-07-2004.
- Is Le Baron still active?
- Yes, Le Baron is an active enterprise in the KBO register.
- What is the turnover of Le Baron?
- The turnover in financial year 2025 is ≈ €21,000. This figure is estimated from the gross margin of €4,322 and 30 comparable companies (NACE 902). It probably lies between €12,000 and €38,000. It is a rough estimate.Financials
- Is Le Baron profitable?
- In financial year 2025, Le Baron made a loss of €35,578.
- Where can I find the annual accounts of Le Baron?
- Le Baron filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Le Baron due?
- Le Baron must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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