Equity
€713,445 from €1.2m in 2022
Equity fell by 43% in 3 years.
De Spil
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €2.8m (2025)
€2.8m▲ 2.1%
lowest -€266,885 (2023)
-€171,732▼ €78,953
peak €1.2m (2022)
€713,445▼ 19.4%
€1.4m▲ 17.9%
peak 33.6 FTE (2022)
30.5 FTE▲ 3.4%
Board45 names since 1995all names
18 directors and 17 others
Documentsfilings and deeds
08-06-202653 days before the deadline
2025abbreviated format
Loss of €171,7328 directors appointed, 8 resignations 02-12Equity from €885,178 to €713,445Debts from €1.2m to €1.4mCash from €1.1m to €1.6m
Key points
from the 2025 annual accountsDeficits
-€531,396 in three years
Every financial year from 2023 to 2025 closed with a deficit. 2023 was the heaviest.
Staff
34 employees on 31-12-2025
In 2025, 311 short contracts started and 310 ended, on average 147 hours worked per contract. Staff averaged 31 full-time equivalents.
Board
1 joined · 1 left
Board changed. Latest change 28-05-2026 · 18 in office.
Position in the sector
-€171,732
Lower net result than 94% of companies in creative and performing arts. Sector median €16,499 · 704 companies.
Public support
€1.3m awarded from 2022 to 2025
Flemish support, mostly Cultuur: Tewerkstellingssubsidie voor een organisatie in het culturele veld volgens de Vlaamse Intersectorale Akkoorden (VIA) (Decreet Vlaamse Intersectorale Akkoorden 2004).
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 8,613 companies had the same profile as De Spil has now. Each dot stands for 22 companies, two years later.
94.1%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
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 8,613 companies, not a prediction for De Spil. 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
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Signals
Board and ownership
Director, since 22-03-2007
Director, since 18-04-2013
Director, since 18-04-2013
Director, since 18-04-2013
Director, since 26-09-2019
Director, since 26-09-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0452888644
Resignation: (director)
Appointment: (director) · Gazette deed
8 directors appointed, 8 resignations
Resignations: , , , , , and 2 others · Appointments: , , , , , and 2 others · Gazette deed
Changes of role: , and
General meeting of 07-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| De Spil Roeselare | €2.1m | €2.8m | 33.9% | 30.5 |
| Le Public Saint-Josse-ten-Noode | €3.3m | €2.8m | 2.7% | 43.1 |
| SPEELTEATER - KOPERGIETERY Ghent | €3.1m | €1.6m | 70.3% | 18.9 |
| Bronks theater Brussels | €1.0m | €1.9m | 52.8% | 23.2 |
| Kaaitheater Brussels | €2.2m | €2.7m | 65.8% | 33.4 |
| KAAP Bruges | €1.4m | €1.2m | 63.6% | 16.3 |
| Théâtre Royal du Parc Brussels | €3.1m | €2.1m | 46.2% | 35.2 |
These companies have the same main activity as De Spil: arts creation and performing arts activities (NACE 90311). They are comparable in size and age: total assets between €1m and €3.3m, founded between 1975 and 1994.
Official details
Source: KBO- Status
- Active since 11-01-1994Normal situation
- Activity
- Arts creation and performing arts activitiesNACE 90311and 4 others
- Joint committee
- 329.01Socio-cultural sector · annual accounts 2025
- Establishment unit
- 2.154.891.4248800 Roeselare, since 05-07-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €4.8mestimated
- €2.1m▲ 1.9%
- Employeeson 31-12-2025
- 34▲ 3.0%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on De Spil
De Spil files the abbreviated format. That format states no turnover. The gross margin rose from €1.2m in 2007 to €2.8m in 2025.
In June 2025, eight directors stepped down.
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 De Spil
- What is the company number of De Spil?
- The company number of De Spil is 0452.888.644. The VAT number is the same number with BE in front: BE 0452.888.644.
- Where is De Spil based?
- The registered office is at Hippoliet Spilleboutdreef 1, 8800 Roeselare.Company details
- What does De Spil do?
- According to the KBO register, the main activity is arts creation and performing arts activities (NACE 90311).
- What is the legal form of De Spil?
- De Spil is a non-profit association (VZW).
- When was De Spil founded?
- De Spil was founded on 11-01-1994.
- Is De Spil still active?
- Yes, De Spil is an active enterprise in the KBO register.
- How many employees does De Spil have?
- De Spil had an average of 30.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does De Spil fall under?
- In its 2025 annual accounts, De Spil states joint committee 329.01 (Socio-cultural sector).
- What is the turnover of De Spil?
- The turnover in financial year 2025 is ≈ €4.8m. This figure is estimated from the gross margin of €2.8m and 1,584 comparable companies of the same size. It probably lies between €3.2m and €7.8m. It is a rough estimate.
- Is De Spil profitable?
- In financial year 2025, De Spil made a loss of €171,732.
- Where can I find the annual accounts of De Spil?
- De Spil filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of De Spil due?
- De Spil must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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