Gents Kunstenoverleg
ActiveFor Gents Kunstenoverleg, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €53k and a net result of €-27k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 419 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-96
Solvency75▼-25
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven 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 94
Relative position
BE, all sectors
reference
Sector 94
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2023Solvency, return and age of the figures
Solvency
50.4%
Return on assets
-25.4%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline19-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 06-12-2024, 128 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
128 d late
2022
494 d late
2020
16 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€10k
EBIT margin
361.4%
Net result
€-27k
2022 · €21k
2020: €37k
2022: €21k
2020 → 2023
Working capital
€55k▼ 31.3%
2022 · €79k
2020: €79k
2022: €79k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020222023Trend
Turnover€10k-
Equity€37k-€80k▲ 114%€53k▼ 33.5%
Operating result€37k-€22k▼ 42.3%€-27k
Net result€37k-€21k▼ 43.2%€-27k
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 2023: a loss of €27k after €22k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €105k
Fixed assets
€1k▲ 83.3%
Current assets
€104k▲ 7.5%
Equity and liabilities €105k
Equity
€53k▼ 33.5%
Debt
€52k▲ 196%
The debt ratio rises from 18.1% to 49.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-26k▼
2022 · €22k
Cash flow
€-26k▼
2022 · €21k
Solvency
50.4%▼
2022 · 81.9%
Current ratio
2.10▼
2022 · 5.53
Quick ratio
2.10▼
2022 · 5.53
Debt / equity
0.98▲
2022 · 0.22
ROE
-50.4%▼
2022 · 26.5%
ROA
-25.4%▼
2022 · 21.7%
Interest coverage
-134.12▼
2022 · 354.62
Debt
€52k▲
2022 · €18k
Debt ≤ 1 year
€50k▲
2022 · €18k
Staff costs
€140k▲
2022 · €91k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€98k€105k▲
Fixed assets21/28€578€1k▲
Tangible fixed assets22/27€578€1k▲
Plant, machinery and equipment23€578€1k▲
Current assets29/58€97k€104k▲
Amounts receivable within one year40/41€39k€90k▲
Trade receivables40€24k€68k▲
Other amounts receivable41€15k€22k▲
Cash at bank and in hand54/58€57k€14k▼
Deferred charges and accrued income490/1€1k€535▼
Equity and liabilities
Total equity and liabilities10/49€98k€105k▲
Equity10/15€80k€53k▼
Reserves13€55k€55k=
Profit (loss) carried forward14€25k€-2k▼
Amounts payable17/49€18k€52k▲
Amounts payable within one year42/48€18k€50k▲
Trade debts44€2k€34k▲
Suppliers440/4€2k€34k▲
Taxes, remuneration and social security45€15k€15k▲
Taxes450/3€4k-
Remuneration and social security454/9€11k€15k▲
Accrued charges and deferred income492/3€100€3k▲
Income statement
Code20222023
Non-recurring operating income76A€1k€7▼
Remuneration, social security and pensions62€91k€140k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€289€674▲
Other operating charges640/8-€16k
Non-recurring operating charges66A€1k-
Gross operating margin9900€114k€130k▲
Operating profit (loss)9901€22k€-27k▼
Financial charges65/66B€364€265▼
Recurring financial charges65€61€193▲
Non-recurring financial charges66B€303€73▼
Profit (loss) for the period before taxes9903€21k€-27k▼
Profit (loss) for the period9904€21k€-27k▼
Profit (loss) for the period to be appropriated9905€21k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€-2k▼
Profit (loss) brought forward from the previous period14P€37k€25k▼
To contributions691€34k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 128 days late
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 494 days late
2023
31-12
Financial
Weakest financial yearnet €-27k ▼227%
Net result drops to €-27k, the lowest in the series.
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Pietersnieuwstraat 239000 GentGround area
3,030 m²
Building footprint
2,912 m²
Volume, LiDAR
70,231 m³
Parcel 44805E0357/00G000, Flanders · tallest building 40.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Gents Kunstenoverleg vzw
since 20202.302.417.932
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E0357/00G000 | Flanders | 3,030 m² | 1 · 2,912 m² | 40.9 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 25,000 EUR awarded · 22,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 25,000 EUR | 22,500 EUR |
Schemes
Cultuurwerk: Projectsubsidie voor een kleinschalig bovenlokaal cultuurproject via een tijdelijk reglement (Decreet Bovenlokale Cultuurwerking 2018)
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Of 3,133 companies in sector 94999 we hold annual accounts for 707. 409 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded12-05-2020
Fiscal year end31-12
Activities, NACEBEL
94999Other membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:franky.devos@vooruit.be
E-mail:info@gentskunstenoverleg.be