Equity
CEOACH paid out €194,485 in dividends in a year with a loss of €109,083.
CEOACH paid out €194,485 in dividends in a year with a loss of €109,083.
From profit to loss in 2025, after a profit of €140,715 in 2024.
Debts rose by €187,012 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Short-term debts rose from €56,269 to €243,231.
Eight of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
Lower net result than 95% of companies in creative and performing arts. Sector median €6,114 · 2,605 companies.
In July 2024, 374 companies had the same profile as CEOACH has now. Each dot is one company, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 374 companies, not a prediction for CEOACH. 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.
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.
| Company | ||||
|---|---|---|---|---|
| CEOACH Auderghem | €606,904 | -€76,990 | 59.6% | - |
| ArtFabric Hulshout | €550,208 | -€19,082 | 6.5% | - |
| WISELY Beauvechain | €478,119 | -€57,931 | 10.5% | - |
| 1elevation Middelkerke | €543,496 | -€4,891 | 75.5% | - |
| PIÈCE MONTÉE Ghent | €716,464 | -€22,469 | 44.7% | 1.9 |
| ONDERANDERE Hasselt | €344,858 | -€16,793 | 76.8% | - |
| SONIC MUSIC Braine-l'Alleud | €496,250 | €971 | 86.8% | - |
These companies have the same main activity as CEOACH: specialised image, lighting and sound technical services (NACE 90393). They are comparable in size and age: total assets between €345,000 and €716,000, founded between 1996 and 2006.
CEOACH files the micro format. That format states no turnover. The gross margin fell from €157,380 in 2009 to -€76,990 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.
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