grip
ActiveSummary
grip has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €641,711 and a net result of -€39,338. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 76% of 234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-85
Solvency96▲+12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 5.07 against 2.91 in 2024; short-term debt: 19.4% and cash: 68.4% of total assets), and 28.9% of the assets are financed with debt.
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Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.1%
Return on assets
-4.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 7 filingsDeviation from the deadline
2025
28 d late
2024
60 d late
2023
28 d early
2022
39 d early
2021
1 d late
2020
32 d early
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 August (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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 Is the workforce growing, and do people stay?Employer check 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
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€39,338
2024 · €268,342
Working capital
€711,190▼ 3.7%
2024 · €738,865
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
Line20212022202320242025
Operating result-€53,686▼ 422%€7,499€287,713▲ 3,736%€269,050▼ 6.5%-€38,739
Net result-€54,358below the sector's middle half▼ 366%€7,223within the sector's middle half€287,530above the sector's middle half▲ 3,881%€268,342above the sector's middle half▼ 6.7%-€39,338below the sector's middle half
Equity€117,954within the sector's middle half▼ 31.5%€125,177within the sector's middle half▲ 6.1%€412,707within the sector's middle half▲ 230%€681,049within the sector's middle half▲ 65.0%€641,711within the sector's middle half▼ 5.8%
Total assets€358,935within the sector's middle half▼ 3.4%€330,063within the sector's middle half▼ 8.0%€948,297within the sector's middle half▲ 187%€1.2mwithin the sector's middle half▲ 21.4%€902,287within the sector's middle half▼ 21.6%
Debt€236,863▲ 21.4%€204,886▼ 13.5%€535,590▲ 161%€469,833▼ 12.3%€260,575▼ 44.5%
Working capital€212,034within the sector's middle half▼ 21.1%€126,008within the sector's middle half▼ 40.6%€626,573above the sector's middle half▲ 397%€738,865above the sector's middle half▲ 17.9%€711,190within the sector's middle half▼ 3.7%
Solvency32.9%within the sector's middle half▼ 13.5pp37.9%within the sector's middle half▲ 5.1pp43.5%within the sector's middle half▲ 5.6pp59.2%within the sector's middle half▲ 15.7pp71.1%above the sector's middle half▲ 11.9pp
Current ratio2.60within the sector's middle half▼ 1.131.66within the sector's middle half▼ 0.943.14within the sector's middle half▲ 1.482.91within the sector's middle half▼ 0.235.07above the sector's middle half▲ 2.16
Return on assets (ROA)-15.1%below the sector's middle half▼ 12.0pp2.2%within the sector's middle half▲ 17.3pp30.3%above the sector's middle half▲ 28.1pp23.3%above the sector's middle half▼ 7.0pp-4.4%below the sector's middle half▼ 27.7pp
Staff (FTE)5.3within the sector's middle half▼ 24.3%6.8within the sector's middle half▲ 28.3%10.9within the sector's middle half▲ 60.3%10.6above the sector's middle half▼ 2.8%11within the sector's middle half▲ 3.8%
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €38,739 after €269,050 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €902,287
Fixed assets
€16,435 ▼ 36.5%
Current assets
€885,852 ▼ 21.3%
Equity and liabilities €902,287
Equity
€641,711 ▼ 5.8%
Debt
€260,575 ▼ 44.5%
Debt's share of the balance-sheet total falls from 40.8% to 28.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€26,104▼
2024 · €276,384
Cash flow
-€26,703▼
2024 · €275,676
Debt to equity
0.41▼
2024 · 0.69
ROE
-6.1%▼
2024 · 39.4%
Interest coverage
-11.68▼
2024 · 379.54
Debt ≤ 1 year
€174,661▼
2024 · €386,149
Income taxes
€436
Staff costs
€1.1m▲
2024 · €982,032
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,688 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,662 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% | 1.7% |
| 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 75% 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 2,688 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €891 | €11,638 | ▲ 1,206% |
| Remuneration, social security and pensions62 | €458,813 | €626,508 | €898,445 | €982,032 | €1.1m | ▲ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,535 | €6,024 | €9,755 | €7,334 | €12,635 | ▲ 72.3% |
| Other operating charges640/8 | €111 | €76 | €484 | €501 | €0 | ▼ 100% |
| Non-recurring operating charges66A | - | - | €2,500 | €1,663 | €0 | ▼ 100% |
| Gross operating margin9900 | €412,773 | €635,990 | €1.2m | €1.3m | €1.1m | ▼ 15.4% |
| Operating profit (loss)9901 | -€53,686 | €7,499 | €287,713 | €269,050 | -€38,739 | ▼ 114% |
| Financial income75/76B | €17 | €77 | €376 | €21 | €2,071 | ▲ 9,932% |
| Recurring financial income75 | €17 | €77 | €376 | €21 | €2,071 | ▲ 9,932% |
| Financial charges65/66B | €689 | €353 | €558 | €728 | €2,234 | ▲ 207% |
| Recurring financial charges65 | €689 | €353 | €558 | €728 | €2,234 | ▲ 207% |
| Profit (loss) for the period before taxes9903 | -€54,358 | €7,223 | €287,530 | €268,342 | -€38,902 | ▼ 114% |
| Income taxes67/77 | - | - | - | - | €436 | - |
| Profit (loss) for the period9904 | -€54,358 | €7,223 | €287,530 | €268,342 | -€39,338 | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | -€54,358 | €7,223 | €287,530 | €268,342 | -€39,338 | ▼ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €358,935 | €330,063 | €948,297 | €1.2m | €902,287 | ▼ 21.6% |
| Fixed assets21/28 | €14,500 | €13,168 | €29,044 | €25,867 | €16,435 | ▼ 36.5% |
| Intangible fixed assets21 | - | - | - | €16,203 | €10,093 | ▼ 37.7% |
| Tangible fixed assets22/27 | €11,682 | €10,350 | €26,226 | €7,074 | €5,793 | ▼ 18.1% |
| Plant, machinery and equipment23 | €11,682 | €10,350 | €10,584 | €7,074 | €2,035 | ▼ 71.2% |
| Furniture and vehicles24 | - | - | - | - | €3,758 | - |
| Other tangible fixed assets26 | - | - | €15,642 | - | - | - |
| Financial fixed assets28 | €2,818 | €2,818 | €2,818 | €2,590 | €550 | ▼ 78.8% |
| Current assets29/58 | €344,434 | €316,894 | €919,253 | €1.1m | €885,852 | ▼ 21.3% |
| Amounts receivable within one year40/41 | €151,339 | €111,609 | €342,061 | €515,670 | €239,424 | ▼ 53.6% |
| Trade receivables40 | €94,438 | €65,532 | €261,498 | €397,928 | €150,174 | ▼ 62.3% |
| Other amounts receivable41 | €56,902 | €46,077 | €80,563 | €117,742 | €89,250 | ▼ 24.2% |
| Cash at bank and in hand54/58 | €181,987 | €188,218 | €378,222 | €550,799 | €616,944 | ▲ 12.0% |
| Deferred charges and accrued income490/1 | €11,109 | €17,067 | €198,970 | €58,545 | €29,484 | ▼ 49.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €358,935 | €330,063 | €948,297 | €1.2m | €902,287 | ▼ 21.6% |
| Equity10/15 | €117,954 | €125,177 | €412,707 | €681,049 | €641,711 | ▼ 5.8% |
| Reserves13 | €88,789 | €96,446 | €350,717 | €608,831 | €546,561 | ▼ 10.2% |
| Profit (loss) carried forward14 | €29,165 | €28,731 | €61,989 | €72,218 | €95,150 | ▲ 31.8% |
| Provisions and deferred taxes16 | €4,118 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €4,118 | - | - | - | - | - |
| Environmental obligations163 | €4,118 | - | - | - | - | - |
| Amounts payable17/49 | €236,863 | €204,886 | €535,590 | €469,833 | €260,575 | ▼ 44.5% |
| Amounts payable within one year42/48 | €132,401 | €190,886 | €292,681 | €386,149 | €174,661 | ▼ 54.8% |
| Trade debts44 | €48,658 | €96,168 | €165,339 | €214,578 | €34,604 | ▼ 83.9% |
| Suppliers440/4 | €48,658 | €96,168 | €165,339 | €214,578 | €34,604 | ▼ 83.9% |
| Advances received on contracts in progress46 | €12,275 | - | €800 | €33,957 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €71,468 | €89,718 | €126,542 | €137,615 | €140,057 | ▲ 1.8% |
| Taxes450/3 | €1,940 | €10,463 | €17,214 | €18,884 | €17,021 | ▼ 9.9% |
| Remuneration and social security454/9 | €69,528 | €79,255 | €109,329 | €118,730 | €123,036 | ▲ 3.6% |
| Accrued charges and deferred income492/3 | €104,462 | €14,000 | €242,909 | €83,683 | €85,914 | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€54,358 | €7,223 | €287,530 | €268,342 | -€39,338 | ▼ 115% |
| + Depreciation and write-downs630 | €7,535 | €6,024 | €9,755 | €7,334 | €12,635 | ▲ 72.3% |
| Operating cash flow (approximation) | -€46,823 | €13,247 | €297,285 | €275,676 | -€26,703 | ▼ 110% |
| Investment in fixed assets (approximation) | - | -€4,692 | -€25,630 | -€4,158 | -€3,203 | ▲ 23.0% |
| Change in cash | - | €6,231 | €190,004 | €172,577 | €66,145 | ▼ 61.7% |
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 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Equity above €500,000Eq €681,049 ▲65%
3 profitable years in a row build equity to €681,049.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €287,530 ▲3,881%
Operating result €287,713, net result €287,530, both a record.
31-12
Financial
Equity above €200,000Eq €412,707 ▲230%
2 profitable years in a row build equity to €412,707.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €7,223
Net result €7,223 after 2 loss-making years.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
31-12
Financial
Weakest financial yearnet -€54,358
Net result drops to -€54,358, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Directors · office · real estate
Directors
7 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 2014
Ground area
3.3 ha
Building footprint
1.4 ha
Volume, LiDAR
204,454 m³
2 parcels, Flanders · tallest building 41.8 m, ±4 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
grip
since 20142.227.196.313
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2170/00Y011 | Flanders | 3.3 ha | 1 · 1.4 ha | 41.8 m · 4 fl. |
| 11809I2497/00H007 | Flanders | 74 m² | 1 · 63 m² | 12.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 to 2025 · 7 entries · 2,606,813 EUR awarded · 2,529,145 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 783,242 EUR | 777,974 EUR |
| 2024 | 1 | 763,823 EUR | 758,743 EUR |
| 2023 | 2 | 748,927 EUR | 711,105 EUR |
| 2022 | 2 | 310,821 EUR | 281,323 EUR |
Schemes
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Of 3,531 companies in sector 90391 we hold annual accounts for 684. 351 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
Founded18-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
E-invoicing
Reachable via Peppol
Peppol ID
0208:0546724068
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.