Skip to content

de leegte

Active
Non-profit associationfounded 2022active for 3 yearsGroeningelaan(Kor) 11, 8500 Kortrijk, BelgiumKBO/BCE: BE 0794.599.749

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 09-06-2026 at the NBB all 3 filings

Turnover
€56,875
EBIT margin
28.9%
Net result
-€2,828▼ 144%
2024 · -€1,158
Working capital
Not included in this filing
Multi-year overview
2023 to 2025, 3 financial years
Turnover
no figure
2025
20232025
Operating result
-€2,787
▼ 150% 2025
20232025
Net result
-€2,828
▼ 144% 2025
middle half of the sector
20232025
EBIT margin
no figure
2025
20232025
Equity
€12,618
▼ 18.3% 2025
middle half of the sector
20232025
Total assets
€12,618
▼ 18.3% 2025
lowest quarter of the sector
20232025
Solvency
100.0%
= 2025
highest quarter of the sector
20232025
Return on assets (ROA)
-22.4%
▼ 14.9pp 2025
lowest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Turnover€56,875-
Operating result€16,435--€1,115-€2,787▼ 150%
Net result€16,604within the sector's middle half--€1,158within the sector's middle half-€2,828within the sector's middle half▼ 144%
EBIT margin28.9%-
Equity€16,604within the sector's middle half-€15,446within the sector's middle half▼ 7.0%€12,618within the sector's middle half▼ 18.3%
Total assets€16,604below the sector's middle half-€15,446below the sector's middle half▼ 7.0%€12,618below the sector's middle half▼ 18.3%
Solvency100.0%above the sector's middle half-100.0%above the sector's middle half=100.0%above the sector's middle half=
Return on assets (ROA)100.0%above the sector's middle half--7.5%below the sector's middle half▼ 107.5pp-22.4%below the sector's middle half▼ 14.9pp
above within below The sector band is the middle half of the companies in Arts creation and performing arts activities (NACE 90). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a loss of €2,787, larger than the loss of €1,115 in 2024. It is the lowest result since 2023.

Key figures and ratios
2025 value · change against 2024
ROE
-22.4%▼
2024 · -7.5%
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 18 lines
Balance sheet Code20242025
Assets
Total assets20/58€15,446€12,618▼
Current assets29/58€15,446€12,618▼
Amounts receivable within one year40/41€533€976▲
Other amounts receivable41€533€976▲
Cash at bank and in hand54/58€14,913€11,642▼
Equity and liabilities
Total equity and liabilities10/49€15,446€12,618▼
Equity10/15€15,446€12,618▼
Reserves13€15,446€12,618▼
Income statement Code20242025
Gross operating margin9900-€1,115-€2,787▼
Operating profit (loss)9901-€1,115-€2,787▼
Financial charges65/66B€44€40▼
Recurring financial charges65€44€40▼
Profit (loss) for the period before taxes9903-€1,158-€2,828▼
Profit (loss) for the period9904-€1,158-€2,828▼
Profit (loss) for the period to be appropriated9905-€1,158-€2,828▼
Appropriation of the result
Profit (loss) to be appropriated9906€15,446€12,618▼
Profit (loss) brought forward from the previous period14P€16,604€15,446▼
Addition to contributions691€15,446€12,618▼

Source: Annual accounts 2025 at the NBB, filed on 09-06-2026.

Line202320242025Change
Turnover70€56,875---
Goods, raw materials, services and sundry goods60/61€40,440---
Gross operating margin9900€16,435-€1,115-€2,787▼ 150%
Operating profit (loss)9901€16,435-€1,115-€2,787▼ 150%
Financial income75/76B€220---
Recurring financial income75€220---
Financial charges65/66B€51€44€40▼ 7.1%
Recurring financial charges65€51€44€40▼ 7.1%
Profit (loss) for the period before taxes9903€16,604-€1,158-€2,828▼ 144%
Profit (loss) for the period9904€16,604-€1,158-€2,828▼ 144%
Profit (loss) for the period to be appropriated9905€16,604-€1,158-€2,828▼ 144%
Line202320242025Change
Assets
Total assets20/58€16,604€15,446€12,618▼ 18.3%
Current assets29/58€16,604€15,446€12,618▼ 18.3%
Amounts receivable within one year40/41€5,910€533€976▲ 83.2%
Trade receivables40€4,570---
Other amounts receivable41€1,339€533€976▲ 83.2%
Cash at bank and in hand54/58€10,694€14,913€11,642▼ 21.9%
Equity and liabilities
Total equity and liabilities10/49€16,604€15,446€12,618▼ 18.3%
Equity10/15€16,604€15,446€12,618▼ 18.3%
Reserves13€16,604€15,446€12,618▼ 18.3%
Line202320242025Change
Profit (loss) for the period9904€16,604-€1,158-€2,828▼ 144%
Operating cash flow (approximation)€16,604-€1,158-€2,828▼ 144%
Change in cash-€4,218-€3,271-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 3,223 companies had the same profile as de leegte has now. Two years later, 87.7% were still going and 3.4% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
87.7% was still going
8.7% stopped otherwise
3.4% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of de leegte itself is lower: < 0.1% within 12 months. It rests on far more data about de leegte than the profile alone.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3,223 companies, not a prediction for de leegte. 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.

Filings with the National Bank (3)
Financial year Type Filed Reference Document
31-12-2025 micro format 09-06-2026 2026-00158588 PDF
31-12-2024 micro format 08-02-2025 2025-00031862 PDF
31-12-2023 micro format 27-05-2024 2024-00101662 PDF

Next steps