Grensgeval
ActiveSummary
For Grensgeval, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €176,097 and a net result of €35,552. Equity is growing by ~38.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 2287 sector peers (fiscal year 2023). The company has been active since 2014 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
Profitability82▼-18
Solvency78▼-22
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 →
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
52.8%
Return on assets
10.7%
Age of the figures
33 mo
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 · 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 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-10-2024, 62 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
62 d late
2022
17 d early
2021
205 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 83 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)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€176,097▲ 25.3%
2022 · €140,545
Total assets
€333,292▲ 99.7%
2022 · €166,858
Net result
€35,552▼ 50.6%
2022 · €71,903
Working capital
€261,772▲ 96.8%
2022 · €132,982
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202120222023
Operating result€7,046-€71,980▲ 922%€35,676▼ 50.4%
Net result€7,021within the sector's middle half-€71,903above the sector's middle half▲ 924%€35,552above the sector's middle half▼ 50.6%
Equity€68,642within the sector's middle half-€140,545above the sector's middle half▲ 105%€176,097above the sector's middle half▲ 25.3%
Total assets€81,225within the sector's middle half-€166,858within the sector's middle half▲ 105%€333,292above the sector's middle half▲ 99.7%
Debt€12,583-€26,313▲ 109%€157,195▲ 497%
Working capital€66,500within the sector's middle half-€132,982above the sector's middle half▲ 100.0%€261,772above the sector's middle half▲ 96.8%
Solvency84.5%above the sector's middle half-84.2%above the sector's middle half▼ 0.3pp52.8%within the sector's middle half▼ 31.4pp
Current ratio6.31above the sector's middle half-6.08above the sector's middle half▼ 0.235.23above the sector's middle half▼ 0.85
Return on assets (ROA)8.6%within the sector's middle half-43.1%above the sector's middle half▲ 34.4pp10.7%within the sector's middle half▼ 32.4pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 50% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €333,292
Fixed assets
€9,686 ▲ 25.6%
Current assets
€323,606 ▲ 103%
Equity and liabilities €333,292
Equity
€176,097 ▲ 25.3%
Debt
€157,195 ▲ 497%
Debt's share of the balance-sheet total rises from 15.8% to 47.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38,352▼
2022 · €73,794
Cash flow
€38,228▼
2022 · €73,717
Debt to equity
0.89▲
2022 · 0.19
ROE
20.2%▼
2022 · 51.2%
Interest coverage
294.86▼
2022 · 716.24
Debt ≤ 1 year
€61,835▲
2022 · €26,165
Staff costs
€88,608▲
2022 · €59,960
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €28,460 | €59,960 | €88,608 | ▲ 47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €407 | €1,814 | €2,676 | ▲ 47.5% |
| Other operating charges640/8 | €135 | €54 | €600 | ▲ 1,011% |
| Gross operating margin9900 | €36,048 | €133,808 | €127,560 | ▼ 4.7% |
| Operating profit (loss)9901 | €7,046 | €71,980 | €35,676 | ▼ 50.4% |
| Financial income75/76B | €31 | €26 | €6 | ▼ 77.8% |
| Recurring financial income75 | €31 | €26 | €6 | ▼ 77.8% |
| Financial charges65/66B | €56 | €103 | €130 | ▲ 26.2% |
| Recurring financial charges65 | €56 | €103 | €130 | ▲ 26.2% |
| Profit (loss) for the period before taxes9903 | €7,021 | €71,903 | €35,552 | ▼ 50.6% |
| Profit (loss) for the period9904 | €7,021 | €71,903 | €35,552 | ▼ 50.6% |
| Profit (loss) for the period to be appropriated9905 | €7,021 | €71,903 | €35,552 | ▼ 50.6% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €81,225 | €166,858 | €333,292 | ▲ 99.7% |
| Fixed assets21/28 | €2,203 | €7,711 | €9,686 | ▲ 25.6% |
| Tangible fixed assets22/27 | €2,203 | €7,711 | €8,836 | ▲ 14.6% |
| Plant, machinery and equipment23 | €681 | €525 | €3,048 | ▲ 480% |
| Furniture and vehicles24 | €1,523 | €7,186 | €5,788 | ▼ 19.5% |
| Financial fixed assets28 | - | - | €850 | - |
| Current assets29/58 | €79,021 | €159,147 | €323,606 | ▲ 103% |
| Amounts receivable within one year40/41 | €10,727 | €66,274 | €114,226 | ▲ 72.4% |
| Trade receivables40 | €10,389 | €66,274 | €111,450 | ▲ 68.2% |
| Other amounts receivable41 | €338 | - | €2,776 | - |
| Cash at bank and in hand54/58 | €67,290 | €92,178 | €207,717 | ▲ 125% |
| Deferred charges and accrued income490/1 | €1,005 | €695 | €1,664 | ▲ 139% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €81,225 | €166,858 | €333,292 | ▲ 99.7% |
| Equity10/15 | €68,642 | €140,545 | €176,097 | ▲ 25.3% |
| Profit (loss) carried forward14 | €68,642 | €140,545 | €176,097 | ▲ 25.3% |
| Amounts payable17/49 | €12,583 | €26,313 | €157,195 | ▲ 497% |
| Amounts payable within one year42/48 | €12,521 | €26,165 | €61,835 | ▲ 136% |
| Trade debts44 | €8,367 | €16,878 | €48,946 | ▲ 190% |
| Suppliers440/4 | €8,367 | €16,878 | €48,946 | ▲ 190% |
| Taxes, remuneration and social security45 | €2,716 | €6,232 | €9,834 | ▲ 57.8% |
| Taxes450/3 | - | €1,779 | €275 | ▼ 84.5% |
| Remuneration and social security454/9 | €2,716 | €4,452 | €9,559 | ▲ 115% |
| Accrued charges and deferred income492/3 | €61 | €148 | €95,361 | ▲ 64,276% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,021 | €71,903 | €35,552 | ▼ 50.6% |
| + Depreciation and write-downs630 | €407 | €1,814 | €2,676 | ▲ 47.5% |
| Operating cash flow (approximation) | €7,428 | €73,717 | €38,228 | ▼ 48.1% |
| Investment in fixed assets (approximation) | - | -€7,322 | -€4,651 | ▲ 36.5% |
| Change in cash | - | €24,888 | €115,539 | ▲ 364% |
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
2026
06-05
State Gazette act
Resignation: Sam Desiere (lid bestuursorgaan)Appointments: Melina Ghassemi Nejad (lid bestuursorgaan) and Mahlu Mertens (day-to-day manager) · Member · Power of attorney18 facts ▸
State Gazette act
Resignation: Sam Desiere (lid bestuursorgaan)
Appointments: Melina Ghassemi Nejad (lid bestuursorgaan) and Mahlu Mertens (day-to-day manager) · Member · Power of attorney18 facts ▸
- General meeting, 01-04-2026
- Member, 01-04-2026
- Member, 01-04-2026
- Member, 01-04-2026
- Member, 01-04-2026
- Member, 01-04-2026
- Other statement, Aanvaarding ontslag Bestuurder, Benoeming bestuurder
- Director resignation, Sam Desiere (lid bestuursorgaan)
- Director appointment, Melina Ghassemi Nejad (lid bestuursorgaan)
- Power of attorney, Van Royen Tobias
- Board meeting, 01-04-2026
- Board composition, Dominique Collet (lid bestuursorgaan)
- +6 further facts in this act
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
31-12
Financial
Equity above €150,000Eq €176,097 ▲25.3%
3 profitable years in a row build equity to €176,097.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 205 days late
2022
31-12
Financial
Highest result since 2021net €71,903 ▲924%
Operating result €71,980, net result €71,903, both a record.
31-12
Financial
Equity above €100,000Eq €140,545 ▲105%
2 profitable years in a row build equity to €140,545.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not 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
1 director, 1 in day-to-day management, last change in 2026
Board 1
Melina Ghassemi Nejad
CurrentLid bestuursorgaan · since 06-05-2026
Day-to-day management 1
Mahlu Mertens
CurrentDay-to-day manager · since 06-05-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2020
Ground area
171 m²
Building footprint
84 m²
Volume, LiDAR
574 m³
Parcel 44810K0133/00Y000, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
THEATER UNDER CONSTRUCTION
since 20202.308.474.591
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44810K0133/00Y000 | Flanders | 171 m² | 1 · 84 m² | 10.6 m · 3 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.
Mandate history
3 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Melina Ghassemi Nejad |
|
| Mahlu Mertens |
|
| Sam Desiere |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 303,252 EUR awarded · 246,152 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 14,195 EUR | 148,595 EUR |
| 2023 | 2 | 171,557 EUR | 97,557 EUR |
| 2022 | 1 | 117,500 EUR | 0 EUR |
Schemes
Similar companies · same sector, comparable size
Vinoscoop Events
BE 1011.184.814
Gent · Eq €174,954
MESTIZO ARTS PLATFORM
BE 0874.514.782
Antwerpen · Eq €174,128
FORMCONSULT
BE 0442.344.645
Knokke-Heist · Eq €178,713
Outline Events
BE 0794.431.582
Boutersem · Eq €172,840
SCUDERIA CONDOR
BE 0563.853.773
Anderlecht · Eq €172,135
Of 3,530 companies in sector 90391 we hold annual accounts for 684. 491 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded02-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
90391Promotion and organisation of arts and performing arts events
E-invoicing
Reachable via Peppol
Peppol ID
0208:0558853820
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.