GARIFUNA
ActiveSummary
GARIFUNA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €157,392 and a net result of €30,877. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 540 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Other support activities for arts and performing arts
NACE 90399NACE 90021NACE 90029
1 site
How big
€591,898total assets 2024
- Staff
- 3.1 FTE
- Equity
- €157,392
- Profit
- €30,877
Turnover not published (abridged schema)
Who decides
Accounts 62 d overdue0 of 2 deeds read
Why 63+ Lower-failure-rate sector+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+65
Solvency52▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.17 in 2023; short-term debt: 66.6% and cash: 0.1% of total assets), and 73.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
30 d late
2022
3 d early
2021
25 d late
2020
25 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after 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 (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Back to profitnet €30,877
- Equity above €150,000Eq €157,392 ▲24.4%
Financials
Fiscal year 2024Total assets €591,898Profit €30,877Solvency 26.6%Liquidity 1.24
Total assets
€591,898▲ 13.5%
2018 - 2024
Net result
€30,877
2018 - 2024
Equity
€157,392▲ 24.4%
2018 - 2024
Staff (FTE)
3.1▲ 19.2%
2018 - 2024
Financials · fiscal year 2024, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€8,489€94,386-€89,311-€26,078▲ 70.8%€32,547
Net result-€14,494within the sector's middle half€77,679above the sector's middle half-€99,264below the sector's middle half-€34,623below the sector's middle half▲ 65.1%€30,877within the sector's middle half
Equity€182,723within the sector's middle half▼ 7.3%€260,402within the sector's middle half▲ 42.5%€161,138within the sector's middle half▼ 38.1%€126,515within the sector's middle half▼ 21.5%€157,392within the sector's middle half▲ 24.4%
Total assets€454,994within the sector's middle half▼ 21.0%€622,198within the sector's middle half▲ 36.7%€558,700within the sector's middle half▼ 10.2%€521,355within the sector's middle half▼ 6.7%€591,898within the sector's middle half▲ 13.5%
Debt€272,270▼ 28.1%€361,796▲ 32.9%€397,562▲ 9.9%€394,840▼ 0.7%€434,506▲ 10.0%
Working capital€176,780within the sector's middle half▲ 7.7%€206,280within the sector's middle half▲ 16.7%€90,127within the sector's middle half▼ 56.3%€59,331within the sector's middle half▼ 34.2%€93,591within the sector's middle half▲ 57.7%
Solvency40.2%within the sector's middle half▲ 5.9pp41.9%within the sector's middle half▲ 1.7pp28.8%within the sector's middle half▼ 13.0pp24.3%within the sector's middle half▼ 4.6pp26.6%within the sector's middle half▲ 2.3pp
Current ratio1.91within the sector's middle half▲ 0.381.71within the sector's middle half▼ 0.201.27within the sector's middle half▼ 0.431.17within the sector's middle half▼ 0.101.24within the sector's middle half▲ 0.06
Return on assets (ROA)-3.2%within the sector's middle half▼ 3.8pp12.5%above the sector's middle half▲ 15.7pp-17.8%below the sector's middle half▼ 30.3pp-6.6%below the sector's middle half▲ 11.1pp5.2%within the sector's middle half▲ 11.9pp
Staff (FTE)2.3within the sector's middle half▼ 20.7%1.8below the sector's middle half▼ 21.7%2within the sector's middle half▲ 11.1%2.6within the sector's middle half▲ 30.0%3.1within the sector's middle half▲ 19.2%
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €32,547 after a loss of €26,078 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €591,898
Fixed assets
€103,960 ▼ 14.5%
Current assets
€487,939 ▲ 22.1%
Equity and liabilities €591,898
Equity
€157,392 ▲ 24.4%
Debt
€434,506 ▲ 10.0%
Debt's share of the balance-sheet total falls from 75.7% to 73.4%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€55,993▲
2023 · -€2,545
Cash flow
€54,323▲
2023 · -€11,090
Debt to equity
2.76▼
2023 · 3.12
ROE
19.6%▲
2023 · -27.4%
Interest coverage
15.11▲
2023 · -0.60
Debt ≤ 1 year
€394,348▲
2023 · €340,442
Debt > 1 year
€40,159▼
2023 · €54,398
Income taxes
-€2,032▼
2023 · €4,369
Staff costs
€188,874▲
2023 · €165,539
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,818 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.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €588 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €51,809 | €100,647 | €165,539 | €188,874 | ▲ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,350 | €18,188 | €19,058 | €23,533 | €23,446 | ▼ 0.4% |
| Other operating charges640/8 | - | €6,980 | €118,059 | €5,519 | €6,200 | ▲ 12.3% |
| Gross operating margin9900 | €50,824 | €171,362 | €148,454 | €168,513 | €251,068 | ▲ 49.0% |
| Operating profit (loss)9901 | -€8,489 | €94,386 | -€89,311 | -€26,078 | €32,547 | ▲ 225% |
| Financial income75/76B | - | - | €70 | €59 | €3 | ▼ 95.6% |
| Recurring financial income75 | €8 | - | €70 | €59 | €3 | ▼ 95.6% |
| Financial charges65/66B | - | €4,548 | €6,615 | €4,235 | €3,705 | ▼ 12.5% |
| Recurring financial charges65 | €5,103 | €4,548 | €6,615 | €4,235 | €3,705 | ▼ 12.5% |
| Profit (loss) for the period before taxes9903 | -€13,584 | €89,838 | -€95,856 | -€30,254 | €28,845 | ▲ 195% |
| Income taxes67/77 | €911 | €12,159 | €3,409 | €4,369 | -€2,032 | ▼ 147% |
| Profit (loss) for the period9904 | -€14,494 | €77,679 | -€99,264 | -€34,623 | €30,877 | ▲ 189% |
| Transfer from tax-exempt reserves789 | - | €37,100 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€14,494 | €114,779 | -€99,264 | -€34,623 | €30,877 | ▲ 189% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €454,994 | €622,198 | €558,700 | €521,355 | €591,898 | ▲ 13.5% |
| Fixed assets21/28 | €83,071 | €124,041 | €139,405 | €121,581 | €103,960 | ▼ 14.5% |
| Intangible fixed assets21 | €1,360 | €680 | - | - | - | - |
| Tangible fixed assets22/27 | €81,020 | €122,670 | €138,714 | €118,390 | €99,794 | ▼ 15.7% |
| Land and buildings22 | - | €115,540 | €103,065 | €90,842 | €75,177 | ▼ 17.2% |
| Plant, machinery and equipment23 | - | €5,811 | €3,499 | €2,229 | €5,241 | ▲ 135% |
| Furniture and vehicles24 | - | €1,319 | €32,149 | €25,320 | €19,375 | ▼ 23.5% |
| Financial fixed assets28 | €691 | €691 | €691 | €3,191 | €4,166 | ▲ 30.6% |
| Current assets29/58 | €371,923 | €498,157 | €419,295 | €399,773 | €487,939 | ▲ 22.1% |
| Stocks and contracts in progress3 | - | €18,050 | €18,050 | €26,000 | - | - |
| Stocks30/36 | - | €18,050 | €18,050 | €26,000 | - | - |
| Amounts receivable within one year40/41 | €359,939 | €469,076 | €385,724 | €364,503 | €458,204 | ▲ 25.7% |
| Trade receivables40 | - | €457,939 | €368,000 | €358,381 | €448,390 | ▲ 25.1% |
| Other amounts receivable41 | - | €11,137 | €17,724 | €6,122 | €9,814 | ▲ 60.3% |
| Cash at bank and in hand54/58 | €9,807 | €488 | - | €6,564 | €768 | ▼ 88.3% |
| Deferred charges and accrued income490/1 | - | €10,543 | €15,521 | €2,707 | €28,966 | ▲ 970% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €454,994 | €622,198 | €558,700 | €521,355 | €591,898 | ▲ 13.5% |
| Equity10/15 | €182,723 | €260,402 | €161,138 | €126,515 | €157,392 | ▲ 24.4% |
| Contributions10/11 | - | €16,200 | €16,200 | €16,200 | €16,200 | = |
| Reserves13 | €181,017 | €244,202 | €244,202 | €244,202 | €244,202 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €223,592 | €223,592 | €225,452 | €225,452 | = |
| Profit (loss) carried forward14 | -€14,494 | - | -€99,264 | -€133,887 | -€103,010 | ▲ 23.1% |
| Amounts payable17/49 | €272,270 | €361,796 | €397,562 | €394,840 | €434,506 | ▲ 10.0% |
| Amounts payable after more than one year17 | €77,128 | €69,919 | €68,394 | €54,398 | €40,159 | ▼ 26.2% |
| Financial debts170/4 | - | €69,919 | €68,394 | €54,398 | €40,159 | ▼ 26.2% |
| Amounts payable within one year42/48 | €195,143 | €291,877 | €329,168 | €340,442 | €394,348 | ▲ 15.8% |
| Current portion of amounts payable after more than one year42 | - | €21,685 | €21,612 | €14,258 | €14,301 | ▲ 0.3% |
| Financial debts43 | - | €8,431 | €7,114 | - | €7,833 | - |
| Credit institutions430/8 | - | €8,431 | €7,114 | - | €7,833 | - |
| Trade debts44 | €66,854 | €177,424 | €266,348 | €270,355 | €296,616 | ▲ 9.7% |
| Suppliers440/4 | - | €177,424 | €266,348 | €270,355 | €296,616 | ▲ 9.7% |
| Advances received on contracts in progress46 | - | €45,203 | €1,584 | €24,762 | €29,209 | ▲ 18.0% |
| Taxes, remuneration and social security45 | - | €12,150 | €8,036 | €6,802 | €6,762 | ▼ 0.6% |
| Taxes450/3 | - | €2,309 | - | - | - | - |
| Remuneration and social security454/9 | - | €9,841 | €8,036 | €6,802 | €6,762 | ▼ 0.6% |
| Other amounts payable47/48 | - | €26,983 | €24,473 | €24,266 | €39,627 | ▲ 63.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,494 | €77,679 | -€99,264 | -€34,623 | €30,877 | ▲ 189% |
| + Depreciation and write-downs630 | €21,350 | €18,188 | €19,058 | €23,533 | €23,446 | ▼ 0.4% |
| Operating cash flow (approximation) | €6,855 | €95,867 | -€80,206 | -€11,090 | €54,323 | ▲ 590% |
| Investment in fixed assets (approximation) | - | -€59,158 | -€34,422 | -€5,710 | -€5,824 | ▼ 2.0% |
| Change in cash | - | -€9,319 | - | - | -€5,795 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 1,259 companies in this sector we hold annual accounts for 201. 157 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
15 eventsLatest 31-07-2025
History
Acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €30,877
Net result €30,877 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €157,392 ▲24.4%
Equity rises from €126,515 to €157,392.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€99,264
Net result drops to -€99,264, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Back to profitnet €77,679
Net result €77,679 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €260,402 ▲42.5%
Equity rises from €182,723 to €260,402.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 15-09-1988Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded15-09-1988
Fiscal year end31-12
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
90399Other support activities for arts and performing arts
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
47252Retail sale of beverages, general range
Contact
Website
www.garifuna.be
E-mail
info@garifuna.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435305316
Registered
03-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2003
Ground area
49 m²
Building footprint
49 m²
Volume, LiDAR
720 m³
Parcel 11802B0534/00_000, Flanders · tallest building 15.9 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Garifuna
since 2003unit no. 2.129.829.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0534/00_000 | Flanders | 49 m² | 1 · 49 m² | 15.9 m · 5 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.
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