Cluster
ActiveFinancials · financial year 2024, abbreviated format
Annual accounts 2024 filed on 19-05-2025 PDF
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 2 |
| part-time | 2 |
| in full-time equivalents | 1.1 |
| Average over the year, in full-time equivalents | 0.9 |
| On a permanent contract | 2 |
| Joined | 1 |
| Left | 1 |
Source: social balance sheet in the 2024 annual accounts
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €457,498 awarded · €438,943 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €167,995 | €160,782 |
| 2024 | 3 | €135,262 | €132,767 |
| 2023 | 3 | €99,351 | €95,833 |
| 2022 | 1 | €54,890 | €49,561 |
Comparable companies
These companies have the same main activity as Cluster: promotion and organisation of arts and performing arts events (NACE 90391). They are comparable in size and age: total assets between €40,900 and €231,000, founded between 2007 and 2019.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| Cluster Sint-Niklaas | 2013 | €72,289 | €1,700 | €71,522 | €16,999 | 1.1 | 2024 |
| VAAG OUTDOOR PROJECTS Antwerpen | 2017 | €40,916 | -€117,399 | €85,863 | €68,949 | 1.2 | 2025 |
| Touch down Opwijk | 2014 | €53,003 | -€150,708 | €24,411 | -€9,424 | 0.5 | 2025 |
| ARTKOM Aarschot | 2007 | €52,126 | €23,873 | €28,414 | €20,350 | 0.2 | 2025 |
| VITAL Herent | 2019 | €132,239 | -€72,814 | €40,943 | -€23,350 | 1 | 2025 |
| Koortzz Gent | 2018 | €231,463 | €62,567 | €199,429 | €71,818 | 2 | 2025 |
| NJ EVENT Mons | 2012 | €61,538 | €54,604 | €80,941 | €21,627 | - | 2025 |
They were chosen from the 701 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,325 companies had the same profile as Cluster has now. Two years later, 1.4% had gone bankrupt and 95.2% were still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Cluster itself is lower: < 0.1% within 12 months. It rests on far more data about Cluster than the profile alone.
Test of the method
The method was tested on the 497,445 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 1,325 companies, not a prediction for Cluster. 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.
| Line | 2024 |
|---|---|
| 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 |
| Line | 2024 | |
|---|---|---|
| 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 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €16,999 |
| Operating cash flow (approximation) | €16,999 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 19-05-2025 | 2025-00099781 |