Festival Radar
ActiveSummary
Festival Radar has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18,927 and a net result of €13,927. Its solvency ranks better than 95% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its 2024 accounts 2 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover and EBIT margin not published: the micro schema does not require them.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 |
|---|---|
| Other operating charges640/8 | €818 |
| Gross operating margin9900 | €14,832 |
| Operating profit (loss)9901 | €14,014 |
| Financial charges65/66B | €87 |
| Recurring financial charges65 | €87 |
| Profit (loss) for the period before taxes9903 | €13,927 |
| Profit (loss) for the period9904 | €13,927 |
| Profit (loss) for the period to be appropriated9905 | €13,927 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €18,927 | |
| Current assets29/58 | €18,927 | |
| Amounts receivable within one year40/41 | €7,313 | |
| Trade receivables40 | €495 | |
| Other amounts receivable41 | €6,818 | |
| Cash at bank and in hand54/58 | €11,614 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €18,927 | |
| Equity10/15 | €18,927 | |
| Contributions10/11 | €5,000 | |
| Profit (loss) carried forward14 | €13,927 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €13,927 |
| Operating cash flow (approximation) | €13,927 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24505I0081/00Y002 | Flanders | 708 m² | 1 · 114 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 50,000 EUR awarded · 50,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 25,000 EUR |
| 2023 | 1 | 50,000 EUR | 25,000 EUR |
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.