EKO

Active

Public limited companyfounded 2002active for 24 yearsKursaal-Westhelling 12, 8400 Oostende, BelgiumKBO/BCE: BE 0478.303.733

Summary

EKO has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.7m and a net result of €1.3m. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 64% of 298 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

EKOActiveChecked score 95/100

Risk analysis Report Compare

Activity

Arts creation and performing arts activities

NACE 90312Arts creation and performing arts activities NACE 90311

2nd largest company by total assets in West Flanders, Creative and performing arts sector1 site

Size

≈ €3.5mturnover 2025, estimated

Staff: 3.4 FTE
Equity: €16.7m
Profit: €1.3m

Turnover estimated from the gross margin

Financial health

95 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Parent: Toerisme Oostende VZW
Board: 7 members

2025 accounts 39 days early5 of 17 deeds summarised

Why 95lowers riskSize: 3.4 FTE, total assets €28.6mLiquidity: current ratio 11.51, cash €3.8mFounded in 2002Equity €16.7m (58.4% of total assets)Show the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 57% of its sector peers (NACE 90, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 83-3

equity 58.4% of total assets

Liquidity 67-5

short-term debt 3.9% · cash 13.2%

Profitability 74-4

return on assets 4.5%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,429 companies, NACE 90, micro)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €1,550,000 on 30-day terms is acceptable

Liquidity ample (current ratio 11.51, compared with 40.89 in 2024, above the usual 1.5; short-term debt: 3.9% and cash: 13.2% of total assets), and 41.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 90, micro): better than 59% on solvency, 57% on liquidity, 54% on profitability and 58% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskneutral

Size: 3.4 FTE, total assets €28.6m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 11.51, cash €3.8m

NBB · annual accounts

Founded in 2002

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Equity €16.7m (58.4% of total assets)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

39 days early

2024

20 days early

2023

29 days early

2022

3 days late

2021

11 days late

2020

4 days early

2019

16 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 13 days before the deadline; the sector median (NACE 90) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

22-06-2026 Annual accounts filedfinancial year 2025 · full…
11-07-2025 Annual accounts filedfinancial year 2024 · abbreviated…
15-04-2025 Resignations: Björn Anseeuw, Bart Tommelein and…Appointments: Niko Geldhof, Michael Vanhee…

Key points

Positive: Among the best 5% on net resultsector median €19,823 · 298 companies €1.3m View
Positive: 8 profitable years in a rowprofit 2025: €1.3m 8 years View
Controlled by Toerisme Oostende VZW parent View
Caution: Result fell in 2025from €1.8m to €1.3m ▼ 28.8% View

By topic

Financials

Financial year: 2025
Total assets: €28.6m
Profit: €1.3m
Solvency: 58.4%

Total assets▲ 12.1%

Net result

20182025

Go to Financials

Board & ownership

Board: 7 members
Parent: Toerisme Oostende VZW

Maxim DonckDirector
Charlotte VerkeynDirector
Gilbert DeleyDirector
Michael VanheeDirector
Niko GeldhofDirector

and 2 other directors

Go to Board & ownership

Timeline

Events: 33
Since: 2004
Next accounts: by 31-07-2027

31-12-2024Highest result from 2018 to 2025
02-07-2024Annual accounts filed
18-03-2024Appointment: GVO BV (director)

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Arts creation and performing arts activitiesNACE 90312
Founded: 11-09-2002
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 18

Annual meeting: 20 June at 14:00
Purpose: “Management en consultancy; Het besturen en leiden van vennootschappen,ondernemingen en…” (deed in Dutch)

Go to Articles of association

Key facts about EKO

What is the company number of EKO?: 0478.303.733. In Belgium the VAT number is the company number with BE in front: BE 0478.303.733.
Where is EKO based?: The registered office is at Kursaal-Westhelling 12, 8400 Oostende.Company details
What does EKO do?: According to the KBO register, the main activity is arts creation and performing arts activities (NACE 90312).
What is the legal form of EKO?: Public limited company (NV).
When was EKO founded?: On 11-09-2002.
Is EKO still active?: Yes, EKO is an active enterprise in the KBO register.
How many employees does EKO have?: On average 3.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of EKO?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is EKO profitable?: In financial year 2025, EKO made a profit of €1.3m.
Where can I find the annual accounts of EKO?: EKO filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of EKO due?: By 31-07-2027, for financial year 2026.Timeline