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Fakkeltheater

Active
Non-profit associationfounded 1959active for 67 yearsReyndersstraat 7, 2000 Antwerpen, BelgiumKBO/BCE: BE 0407.723.365
Summary

Fakkeltheater has been active since 1959 and the Belgian Official 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 11% of 290 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Arts creation and performing arts activities
NACE 90311
4th 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
Surplus
€5,381
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Board
6 members
Accounts 39 days early1 of 4 deeds read
Why 93raises riskLiquidity: current ratio 0.15, cash €5, halvedEquity €2,590 (1.2% of total assets)Size: 8.2 FTE, total assets €208,000lowers riskLegal form: non-profit associationShow the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 41% of its sector peers (NACE 90, micro)
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% (3,412 companies, NACE 90, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026highest value 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.1%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
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 17% on solvency, 4% on liquidity, 47% on profitability and 95% on growth.

The bankruptcy probability was computed on 13-10-2026 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

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
raises risk · Liquidity: current ratio 0.15, cash €5, halved
NBB · annual accounts
raises risk · Equity €2,590 (1.2% of total assets)
NBB · annual accounts
raises risk · Size: 8.2 FTE, total assets €208,000
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 290 sector peers (2025).
NBB · sector comparison
Position among 290 sector peers
Solvency
better than 11%
← 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 days early
2024
14 days late
2023
42 days early
2022
55 days early
2021
2 days early
2020
26 days late
2005
31 days 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 (NACE 90) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · 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 22 June (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven months
Where today falls in the filing period
14-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Walter Groener, Van Hove Herman…Appointments: Huygebaert Koen (director) and…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Back to profitnet €5,381

Key points

  • Caution: Among the weakest 11% on equitysector median €341,544 · 290 companies €2,590 View
  • Active since 1959founded 07-07-1959 67 years View
  • Flemish supportawarded from 2022 to 2025 €241,256 View

By topic

Financials

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

Board & ownership

Board
6 members
  • Van Hove HermanChair
  • Aernouts FrankDirector
  • Huygebaert KoenDirector
  • Leemans LeopoldDirector
  • Walter GroenerDirector

and 1 other director

Go to Board & ownership

Timeline

Events
10
Since
2006
Next accounts
by 31-07-2027
  1. 14-08-2025Annual accounts filed
  2. 19-06-2024Annual accounts filed
  3. 31-12-2023Weakest financial year
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…” (deed in Dutch)
Go to Articles of association

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