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Fakkelteater

Active
Non-profit associationfounded 195967 yrs activeReyndersstraat 7, 2000 Antwerpen, BelgiumKBO/BCE: BE 0407.723.365
Summary

Fakkelteater has been active since 1959 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,590 and a net result of €5,381. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 271 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
FakkelteaterActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Arts creation and performing arts activities
NACE 90311NACE 90041NACE 92321
#4 oldest company in the province of Antwerp, Creative and performing arts sector2 sites
Size
€208,000total assets 2025
Staff
8.2 FTE
Equity
€2,590
Profit
€5,381
Financial health
93 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Board
6 members
Accounts 39 d early1 of 4 deeds read
Why 93- Liquidity: current ratio 0.15, cash €5, halved- Equity €2,590 (1.2% of total assets)- Size: 8.2 FTE, total assets €208,000+ Legal form Non-profit associationShow the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Better than 41% of its sector peers (NACE 90, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 26+2
equity 1.2% of total assets
Liquidity 4-6
short-term debt 84.1% · cash 0.0%
Profitability 71+10
return on assets 2.6%
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% (3,389 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%● 0.0% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%▼ -1.6% vs 03-2025 05-2025: 0.2%▲ +1.6% vs 04-2025 06-2025: 0.2%▼ -1.0% vs 05-2025 07-2025: 0.2%▲ +12.0% vs 06-2025 08-2025: 0.2%▲ +10.7% vs 07-2025 09-2025: 0.2%▲ +4.2% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.2%▲ +0.8% vs 02-2026 04-2026: 0.2%● 0.0% vs 03-2026 05-2026: 0.2%▲ +0.4% vs 04-2026highest value 06-2026: 0.2%▼ -1.2% vs 05-2026 07-2026: 0.1%▼ -60.3% vs 06-2026lowest value 08-2026: 0.1%● 0.0% vs 07-2026lowest value 09-2026: 0.1%● 0.0% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Legal form Non-profit association lowers the probability
  • Liquidity: current ratio 0.15, cash €5, halved raises the probability
  • Equity €2,590 (1.2% of total assets) raises the probability
  • Size: 8.2 FTE, total assets €208,000 raises the probability for this profile
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 90, micro). Better than this share of them on solvency 17%, liquidity 4%, profitability 47%, growth against the median 95%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Legal form Non-profit association
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Liquidity: current ratio 0.15, cash €5, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €2,590 (1.2% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Size: 8.2 FTE, total assets €208,000
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 271 sector peers (2025).
NBB · sector comparison
Position among 271 sector peers
Solvency
better than 12%
← weakest strongest →
neutral · 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 · 7 filings
Deviation from the deadline
2025
39 d early
2024
14 d late
2023
42 d early
2022
55 d early
2021
2 d early
2020
26 d late
2005
31 d late
← 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 10 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 June (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Reappointments: Walter Groener, Van Hove Herman…Appointments: Huygebaert Koen (director) and…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Back to profitnet €5,381

Key points

  • Caution: Among the weakest 12% on equitysector median €325,925 · 271 companies €2,590 View
  • Active since 1959founded 07-07-1959 67 years View
  • Flemish supportawarded 2022 - 2025 €241,256 View

By topic

Financials

Fiscal year
2025
Total assets
€208,000
Profit
€5,381
Solvency
1.2%
Total assets▼ 4.7%
Net result
20202025
Go to Financials

Timeline

Events
10
Since
2006
Next accounts
by 31-07-2027
  1. 08-07-2026Reappointments: Walter Groener, Van Hove Herman and…
  2. 22-06-2026Annual accounts filed
  3. 31-12-2025Back to profit
Go to Timeline

Company details

Sites
2
Legal form
Non-profit association
Activity
Arts creation and performing arts activitiesNACE 90311
Founded
07-07-1959
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
23
Annual meeting
First Friday of June
Purpose
Het beheer van de theater-infrastructuur en de productie van podiumactiviteiten; Het…
Go to Articles of association

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark

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