Focus-Projects
ActiveSummary
Focus-Projects has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €78k and a net result of €-9k. Equity is growing by ~16.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability21▼-61
Solvency61=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.83 against 2.68 in 2025; short-term debt: 10.1% and cash: 8.1% of total assets), but 64.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
35.6%
Return on assets
-4.2%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 27-05-2026, 157 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
157 d early
2025
186 d early
2024
153 d early
2023
98 d early
2022
117 d early
2021
89 d early
2020
54 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€78k▼ 10.5%
2025 · €88k
2019: €29klowest in 8 years
2020: €42k▲ +46.3% vs 2019
2021: €35k▼ -17.8% vs 2020
2022: €33k▼ -5.1% vs 2021
2023: €49k▲ +48.5% vs 2022
2024: €62k▲ +27.0% vs 2023
2025: €88k▲ +40.3% vs 2024highest in 8 years
2026: €78k▼ -10.5% vs 2025
2019 → 2026
Total assets
€220k▼ 10.5%
2025 · €246k
2019: €237k
2020: €239k▲ +1.1% vs 2019
2021: €218k▼ -9.1% vs 2020
2022: €201k▼ -7.5% vs 2021lowest in 8 years
2023: €226k▲ +12.1% vs 2022
2024: €242k▲ +7.3% vs 2023
2025: €246k▲ +1.5% vs 2024highest in 8 years
2026: €220k▼ -10.5% vs 2025
2019 → 2026
Net result
€-9k
2025 · €25k
2019: €16k
2020: €13k▼ -15.2% vs 2019
2021: €-8k▼ -156% vs 2020
2022: €-2k▲ +76.6% vs 2021
2023: €16k▲ +1009% vs 2022
2024: €13k▼ -17.3% vs 2023
2025: €25k▲ +89.7% vs 2024highest in 8 years
2026: €-9k▼ -137% vs 2025lowest in 8 years
2019 → 2026
Working capital
€41k▼ 19.1%
2025 · €50k
2019: €1k
2020: €6k▲ +516% vs 2019
2021: €-4k▼ -162% vs 2020
2022: €-5k▼ -25.2% vs 2021lowest in 8 years
2023: €12k▲ +344% vs 2022
2024: €25k▲ +113% vs 2023
2025: €50k▲ +102% vs 2024highest in 8 years
2026: €41k▼ -19.1% vs 2025
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€33k-€49k▲ 48.5%€62k▲ 27.0%€88k▲ 40.3%€78k▼ 10.5%
2022: €33klowest in 5 years
2023: €49k▲ +48.5% vs 2022
2024: €62k▲ +27.0% vs 2023
2025: €88k▲ +40.3% vs 2024highest in 5 years
2026: €78k▼ -10.5% vs 2025
Operating result€3k-€20k▲ 621%€24k▲ 24.9%€40k▲ 64.2%€-3k
2022: €3k
2023: €20k▲ +621% vs 2022
2024: €24k▲ +24.9% vs 2023
2025: €40k▲ +64.2% vs 2024highest in 5 years
2026: €-3k▼ -108% vs 2025lowest in 5 years
Net result€-2k-€16k€13k▼ 17.3%€25k▲ 89.7%€-9k
2022: €-2k
2023: €16k▲ +1009% vs 2022
2024: €13k▼ -17.3% vs 2023
2025: €25k▲ +89.7% vs 2024highest in 5 years
2026: €-9k▼ -137% vs 2025lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €3k after €40k in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €220k
Fixed assets
€157k ▼ 5.2%
Current assets
€63k ▼ 21.5%
Equity and liabilities €220k
Equity
€78k ▼ 10.5%
Debt
€142k ▼ 10.5%
Debt's share of the balance-sheet total stays at 64.4%.
Key figures and ratios
EBITDA
€5k▼
2025 · €49k
Cash flow
€-679▼
2025 · €34k
Current ratio
2.83▲
2025 · 2.68
Debt to equity
1.81=
2025 · 1.81
ROE
-11.8%▼
2025 · 28.7%
ROA
-4.2%▼
2025 · 10.2%
Interest coverage
0.90▼
2025 · 12.45
Debt ≤ 1 year
€22k▼
2025 · €30k
Debt > 1 year
€119k▼
2025 · €128k
Income taxes
€84▼
2025 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 43 lines
Balance sheet
Code20252026
Assets
Total assets20/58€246k€220k▼
Fixed assets21/28€165k€157k▼
Tangible fixed assets22/27€165k€157k▼
Land and buildings22€155k€150k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€6k€4k▼
Current assets29/58€80k€63k▼
Amounts receivable within one year40/41€28k€45k▲
Trade receivables40€28k€33k▲
Other amounts receivable41-€12k
Cash at bank and in hand54/58€51k€18k▼
Deferred charges and accrued income490/1€1k€490▼
Equity and liabilities
Total equity and liabilities10/49€246k€220k▼
Equity10/15€88k€78k▼
Contributions10/11€12k€12k=
Reserves13€75k€66k▼
Distributable reserves133€75k€66k▼
Amounts payable17/49€158k€142k▼
Amounts payable after more than one year17€128k€119k▼
Financial debts170/4€128k€119k▼
Amounts payable within one year42/48€30k€22k▼
Current portion of amounts payable after more than one year42€6k€9k▲
Financial debts43€6k€2k▼
Credit institutions430/8€6k€2k▼
Trade debts44€4k€13▼
Suppliers440/4€4k€13▼
Taxes, remuneration and social security45€10k€8k▼
Taxes450/3€10k€8k▼
Other amounts payable47/48€3k€4k▲
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€51k€8k▼
Operating profit (loss)9901€40k€-3k▼
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€36k€-9k▼
Income taxes67/77€11k€84▼
Profit (loss) for the period9904€25k€-9k▼
Profit (loss) for the period to be appropriated9905€25k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€-9k▼
Transfer from equity791/2-€9k
Transfer to equity691/2€25k-
To other reserves6921€25k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €8k | €9k | €9k | ▲ 0.5% |
| Other operating charges640/8 | €3k | €3k | €3k | €2k | €2k | ▲ 6.0% |
| Gross operating margin9900 | €14k | €31k | €36k | €51k | €8k | ▼ 84.9% |
| Operating profit (loss)9901 | €3k | €20k | €24k | €40k | €-3k | ▼ 108% |
| Financial income75/76B | - | €0 | €30 | - | - | - |
| Recurring financial income75 | - | €0 | €30 | - | - | - |
| Financial charges65/66B | €4k | €2k | €4k | €4k | €6k | ▲ 54.3% |
| Recurring financial charges65 | €4k | €2k | €4k | €4k | €6k | ▲ 54.3% |
| Profit (loss) for the period before taxes9903 | €-2k | €17k | €20k | €36k | €-9k | ▼ 125% |
| Income taxes67/77 | €146 | €1k | €7k | €11k | €84 | ▼ 99.2% |
| Profit (loss) for the period9904 | €-2k | €16k | €13k | €25k | €-9k | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €16k | €13k | €25k | €-9k | ▼ 137% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €201k | €226k | €242k | €246k | €220k | ▼ 10.5% |
| Fixed assets21/28 | €189k | €181k | €172k | €165k | €157k | ▼ 5.2% |
| Tangible fixed assets22/27 | €189k | €181k | €172k | €165k | €157k | ▼ 5.2% |
| Land and buildings22 | €172k | €166k | €161k | €155k | €150k | ▼ 3.5% |
| Plant, machinery and equipment23 | €5k | €5k | €4k | €4k | €3k | ▼ 29.1% |
| Furniture and vehicles24 | €12k | €10k | €8k | €6k | €4k | ▼ 32.5% |
| Current assets29/58 | €12k | €45k | €70k | €80k | €63k | ▼ 21.5% |
| Amounts receivable within one year40/41 | €5k | €19k | €5k | €28k | €45k | ▲ 60.7% |
| Trade receivables40 | €5k | €19k | €5k | €28k | €33k | ▲ 18.1% |
| Other amounts receivable41 | - | - | - | - | €12k | - |
| Cash at bank and in hand54/58 | €6k | €24k | €62k | €51k | €18k | ▼ 65.4% |
| Deferred charges and accrued income490/1 | €1k | €2k | €2k | €1k | €490 | ▼ 55.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €201k | €226k | €242k | €246k | €220k | ▼ 10.5% |
| Equity10/15 | €33k | €49k | €62k | €88k | €78k | ▼ 10.5% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €21k | €37k | €50k | €75k | €66k | ▼ 12.3% |
| Distributable reserves133 | €21k | €37k | €50k | €75k | €66k | ▼ 12.3% |
| Amounts payable17/49 | €168k | €176k | €180k | €158k | €142k | ▼ 10.5% |
| Amounts payable after more than one year17 | €151k | €143k | €135k | €128k | €119k | ▼ 7.0% |
| Financial debts170/4 | €151k | €143k | €135k | €128k | €119k | ▼ 7.0% |
| Amounts payable within one year42/48 | €17k | €33k | €45k | €30k | €22k | ▼ 25.7% |
| Current portion of amounts payable after more than one year42 | €9k | €7k | €8k | €6k | €9k | ▲ 37.6% |
| Financial debts43 | - | €362 | - | €6k | €2k | ▼ 65.6% |
| Credit institutions430/8 | - | €362 | - | €6k | €2k | ▼ 65.6% |
| Trade debts44 | €659 | €1k | €8k | €4k | €13 | ▼ 99.7% |
| Suppliers440/4 | €659 | €1k | €8k | €4k | €13 | ▼ 99.7% |
| Taxes, remuneration and social security45 | €2k | €17k | €18k | €10k | €8k | ▼ 25.2% |
| Taxes450/3 | €2k | €12k | €14k | €10k | €8k | ▼ 25.2% |
| Remuneration and social security454/9 | - | €5k | €5k | - | - | - |
| Other amounts payable47/48 | €6k | €7k | €11k | €3k | €4k | ▲ 23.8% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €16k | €13k | €25k | €-9k | ▼ 137% |
| + Depreciation and write-downs630 | €9k | €9k | €8k | €9k | €9k | ▲ 0.5% |
| Operating cash flow (approximation) | €7k | €25k | €22k | €34k | €-679 | ▼ 102% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €18k | €39k | €-11k | €-34k | ▼ 210% |
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
Next filing, fiscal year 2027, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €25k ▲89.7%
Operating result €40k, net result €25k, both a record.
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2010
Ground area
2,418 m²
Building footprint
452 m²
Volume, LiDAR
12,693 m³
Parcel 11345B0198/02W000, Flanders · tallest building 32.3 m, ±10 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Focus-Projects
since 20102.191.589.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11345B0198/02W000 | Flanders | 2,418 m² | 1 · 452 m² | 32.3 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 1,405 EUR awarded · 1,405 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 1,405 EUR | 1,405 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400IQ6HEVMNWIBK64
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Of 3,523 companies in sector 90391 we hold annual accounts for 681. 529 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-09-2010
Fiscal year end31-03
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
69109Other legal services
70200Business and other management consultancy
73300Public relations and communication consultancy
90120Visual arts creation
Contact
E-mail
cathy@focus-projects.beAntwerpen
Phone
0473566356Antwerpen
Scores and ratios are computed by Checked and are not a credit decision.