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Cluster

Active
Non-profit associationfounded 201313 yrs activeMinderbroedersstraat 54, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0535.803.155
Summary

Cluster has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1,700 and a net result of €16,999. Its solvency ranks better than 15% of 537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2024
Axes
Profitability96
Solvency27
Growth-
Track record85
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
2.4%
Return on assets
23.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 13 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 537 sector peers (2024).
NBB · sector comparison
Position among 537 sector peers
Solvency
better than 15%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-05-2025, 73 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
73 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 73 days before the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Cluster was incorporated on 19 June 2013.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€1,700
Total assets
€72,289
Net result
€16,999
Working capital
€36,990

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Equity and liabilities €72,289
Equity €1,700
Debt €70,589
Debt finances 97.6% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
2.05
Debt to equity
41.52
ROE
999.8%
ROA
23.5%
Debt ≤ 1 year
€35,299
Staff costs
€54,296

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.3% went bankrupt
3.1% stopped otherwise
95% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 1,322 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
Filed annual accounts As filed with the NBB · 2024 · 31 lines
Balance sheet Code2024
Assets
Total assets20/58€72,289
Current assets29/58€72,289
Amounts receivable within one year40/41€26,978
Trade receivables40€10,105
Other amounts receivable41€16,872
Cash at bank and in hand54/58€38,578
Deferred charges and accrued income490/1€6,734
Equity and liabilities
Total equity and liabilities10/49€72,289
Equity10/15€1,700
Profit (loss) carried forward14€1,700
Amounts payable17/49€70,589
Amounts payable within one year42/48€35,299
Trade debts44€26,832
Suppliers440/4€26,832
Taxes, remuneration and social security45€8,467
Remuneration and social security454/9€8,467
Accrued charges and deferred income492/3€35,290
Income statement Code2024
Remuneration, social security and pensions62€54,296
Other operating charges640/8€110
Gross operating margin9900€71,522
Operating profit (loss)9901€17,115
Financial income75/76B€200
Recurring financial income75€200
Financial charges65/66B€317
Recurring financial charges65€317
Profit (loss) for the period before taxes9903€16,999
Profit (loss) for the period9904€16,999
Profit (loss) for the period to be appropriated9905€16,999
Appropriation of the result
Profit (loss) to be appropriated9906€1,700
Profit (loss) brought forward from the previous period14P-€15,299
Social balance
Average headcount (FTE)90871.1

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€54,296
Other operating charges640/8€110
Gross operating margin9900€71,522
Operating profit (loss)9901€17,115
Financial income75/76B€200
Recurring financial income75€200
Financial charges65/66B€317
Recurring financial charges65€317
Profit (loss) for the period before taxes9903€16,999
Profit (loss) for the period9904€16,999
Profit (loss) for the period to be appropriated9905€16,999
Line2024
Assets
Total assets20/58€72,289
Current assets29/58€72,289
Amounts receivable within one year40/41€26,978
Trade receivables40€10,105
Other amounts receivable41€16,872
Cash at bank and in hand54/58€38,578
Deferred charges and accrued income490/1€6,734
Equity and liabilities
Total equity and liabilities10/49€72,289
Equity10/15€1,700
Profit (loss) carried forward14€1,700
Amounts payable17/49€70,589
Amounts payable within one year42/48€35,299
Trade debts44€26,832
Suppliers440/4€26,832
Taxes, remuneration and social security45€8,467
Remuneration and social security454/9€8,467
Accrued charges and deferred income492/3€35,290
Line2024
Profit (loss) for the period9904€16,999
Operating cash flow (approximation)€16,999

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
19-05
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
5 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, Sint-Niklaas · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
134 m²
Building footprint
69 m²
Volume, LiDAR
447 m³
Parcel 46447B0518/00X000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cluster vzw
Minderbroedersstraat 54, 9100 Sint-NiklaasOther professional, scientific and technical activities
since 20182.278.554.249
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46447B0518/00X000 Flanders 134 m² 1 · 69 m² 10.6 m · 2 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.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 9 entries · 457,498 EUR awarded · 438,943 EUR paid
Year Entries awardedpaid
2025 2 167,995 EUR160,782 EUR
2024 3 135,262 EUR132,767 EUR
2023 3 99,351 EUR95,833 EUR
2022 1 54,890 EUR49,561 EUR
Schemes
3 entries · 301,586 EUR · 291,379 EUR paid · Departement Cultuur, Jeugd en Media
2 entries · 54,890 EUR · 54,890 EUR paid · Departement Cultuur, Jeugd en Media

Similar companies · same sector, comparable size

Of 3,531 companies in sector 90391 we hold annual accounts for 682. 155 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formNon-profit association
Founded19-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
74991Agents and managers of artists, athletes and other public figures
90391Promotion and organisation of arts and performing arts events
E-invoicing
Reachable via Peppol
Peppol ID 0208:0535803155
Also 9925:BE0535803155
Registered 27-03-2024

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.