HANGAR 29
ActiveSummary
HANGAR 29 has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291,600 and a net result of €238,782. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 61% of 542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency79▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.26 in 2024; short-term debt: 45.9% and cash: 42.5% of total assets), and 46.1% of the assets are financed with debt.
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Signals
Four 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
53.9%
Return on assets
44.1%
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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
19 d late
2023
13 d late
2022
25 d late
2021
4 d early
2020
7 d early
2019
24 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 14 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 (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 19 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€291,600▲ 40.3%
2024 · €207,818
Total assets
€541,394▲ 33.7%
2024 · €405,074
Net result
€238,782▲ 15.5%
2024 · €206,774
Working capital
€141,847▲ 177%
2024 · €51,145
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€142€25,989▲ 18,166%€80,598▲ 210%€264,331▲ 228%€269,870▲ 2.1%
Net result€224within the sector's middle half€23,343within the sector's middle half▲ 10,316%€74,470above the sector's middle half▲ 219%€206,774above the sector's middle half▲ 178%€238,782above the sector's middle half▲ 15.5%
Equity€123,231above the sector's middle half▲ 0.2%€146,574above the sector's middle half▲ 18.9%€151,044above the sector's middle half▲ 3.0%€207,818above the sector's middle half▲ 37.6%€291,600within the sector's middle half▲ 40.3%
Total assets€193,144within the sector's middle half▲ 6.2%€218,301within the sector's middle half▲ 13.0%€350,479above the sector's middle half▲ 60.5%€405,074above the sector's middle half▲ 15.6%€541,394within the sector's middle half▲ 33.7%
Debt€69,913▲ 18.7%€71,727▲ 2.6%€199,435▲ 178%€197,256▼ 1.1%€249,794▲ 26.6%
Working capital€89,309above the sector's middle half▲ 27.4%€74,162within the sector's middle half▼ 17.0%€81,657above the sector's middle half▲ 10.1%€51,145within the sector's middle half▼ 37.4%€141,847within the sector's middle half▲ 177%
Solvency63.8%within the sector's middle half▼ 3.8pp67.1%within the sector's middle half▲ 3.3pp43.1%within the sector's middle half▼ 24.0pp51.3%within the sector's middle half▲ 8.2pp53.9%within the sector's middle half▲ 2.6pp
Current ratio2.28within the sector's middle half▲ 0.092.03within the sector's middle half▼ 0.241.41within the sector's middle half▼ 0.621.26within the sector's middle half▼ 0.151.57within the sector's middle half▲ 0.31
Return on assets (ROA)0.1%within the sector's middle half▲ 21.7pp10.7%within the sector's middle half▲ 10.6pp21.2%above the sector's middle half▲ 10.6pp51.0%above the sector's middle half▲ 29.8pp44.1%above the sector's middle half▼ 6.9pp
Staff (FTE)
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 or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €541,394
Fixed assets
€151,066 ▼ 3.6%
Current assets
€390,328 ▲ 57.1%
Equity and liabilities €541,394
Equity
€291,600 ▲ 40.3%
Debt
€249,794 ▲ 26.6%
Debt's share of the balance-sheet total falls from 48.7% to 46.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€309,030▲
2024 · €293,837
Cash flow
€277,942▲
2024 · €236,280
Debt to equity
0.86▼
2024 · 0.95
ROE
81.9%▼
2024 · 99.5%
Interest coverage
117.32▲
2024 · 110.67
Debt ≤ 1 year
€248,481▲
2024 · €197,256
Income taxes
€28,454▼
2024 · €54,906
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,338 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% | 1.9% |
| 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 20,134 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,294 | €20,494 | €23,497 | €29,506 | €39,160 | ▲ 32.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €8,231 | -€2,500 | - | -€5,731 | €0 | ▲ 100% |
| Other operating charges640/8 | €102,795 | €37,505 | €19,047 | €10,170 | €40,358 | ▲ 297% |
| Gross operating margin9900 | €134,463 | €81,488 | €123,142 | €298,276 | €349,387 | ▲ 17.1% |
| Operating profit (loss)9901 | €142 | €25,989 | €80,598 | €264,331 | €269,870 | ▲ 2.1% |
| Financial income75/76B | €660 | €130 | €6 | €5 | €0 | ▼ 100% |
| Recurring financial income75 | €660 | €130 | €6 | €5 | €0 | ▼ 100% |
| Financial charges65/66B | €579 | €2,775 | €2,330 | €2,655 | €2,634 | ▼ 0.8% |
| Recurring financial charges65 | €579 | €2,775 | €2,330 | €2,655 | €2,634 | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | €224 | €23,343 | €78,274 | €261,680 | €267,236 | ▲ 2.1% |
| Income taxes67/77 | - | - | €3,804 | €54,906 | €28,454 | ▼ 48.2% |
| Profit (loss) for the period9904 | €224 | €23,343 | €74,470 | €206,774 | €238,782 | ▲ 15.5% |
| Profit (loss) for the period to be appropriated9905 | €224 | €23,343 | €74,470 | €206,774 | €238,782 | ▲ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193,144 | €218,301 | €350,479 | €405,074 | €541,394 | ▲ 33.7% |
| Fixed assets21/28 | €33,921 | €72,412 | €69,387 | €156,673 | €151,066 | ▼ 3.6% |
| Tangible fixed assets22/27 | €33,921 | €72,412 | €69,387 | €156,673 | €151,066 | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €12,631 | €14,979 | €17,633 | €12,699 | ▼ 28.0% |
| Furniture and vehicles24 | €3,040 | €881 | - | - | - | - |
| Other tangible fixed assets26 | €30,881 | €58,899 | €54,408 | €139,040 | €138,367 | ▼ 0.5% |
| Current assets29/58 | €159,222 | €145,889 | €281,092 | €248,401 | €390,328 | ▲ 57.1% |
| Amounts receivable within one year40/41 | €152,423 | €132,504 | €128,625 | €106,930 | €156,083 | ▲ 46.0% |
| Trade receivables40 | €149,656 | €130,502 | €128,625 | €106,930 | €156,083 | ▲ 46.0% |
| Other amounts receivable41 | €2,767 | €2,002 | - | - | - | - |
| Cash at bank and in hand54/58 | €6,799 | €13,385 | €148,263 | €141,471 | €229,918 | ▲ 62.5% |
| Deferred charges and accrued income490/1 | - | - | €4,204 | - | €4,327 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193,144 | €218,301 | €350,479 | €405,074 | €541,394 | ▲ 33.7% |
| Equity10/15 | €123,231 | €146,574 | €151,044 | €207,818 | €291,600 | ▲ 40.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €91,860 | €91,860 | €91,860 | €185,000 | €273,000 | ▲ 47.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €90,000 | €90,000 | €90,000 | €185,000 | €273,000 | ▲ 47.6% |
| Profit (loss) carried forward14 | €12,771 | €36,114 | €40,584 | €4,218 | €0 | ▼ 100% |
| Amounts payable17/49 | €69,913 | €71,727 | €199,435 | €197,256 | €249,794 | ▲ 26.6% |
| Amounts payable within one year42/48 | €69,913 | €71,727 | €199,435 | €197,256 | €248,481 | ▲ 26.0% |
| Trade debts44 | €45,934 | €42,610 | €73,538 | - | €45,295 | - |
| Suppliers440/4 | €45,934 | €42,610 | €73,538 | - | €45,295 | - |
| Taxes, remuneration and social security45 | - | €5,137 | €7,939 | €47,256 | €48,186 | ▲ 2.0% |
| Taxes450/3 | - | €5,137 | €7,939 | €47,256 | €48,186 | ▲ 2.0% |
| Other amounts payable47/48 | €23,979 | €23,979 | €117,959 | €150,000 | €155,000 | ▲ 3.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,313 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €224 | €23,343 | €74,470 | €206,774 | €238,782 | ▲ 15.5% |
| + Depreciation and write-downs630 | €23,294 | €20,494 | €23,497 | €29,506 | €39,160 | ▲ 32.7% |
| Operating cash flow (approximation) | €23,519 | €43,837 | €97,966 | €236,280 | €277,942 | ▲ 17.6% |
| Investment in fixed assets (approximation) | - | -€58,984 | -€20,472 | -€116,792 | -€33,552 | ▲ 71.3% |
| Change in cash | - | €6,585 | €134,878 | -€6,792 | €88,447 | ▲ 1,402% |
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 · abbreviated schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €238,782 ▲15.5%
Operating result €269,870, net result €238,782, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Equity above €200,000Eq €207,818 ▲37.6%
4 profitable years in a row build equity to €207,818.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial
Equity above €150,000Eq €151,044 ▲3%
3 profitable years in a row build equity to €151,044.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €224
Net result €224 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€39,212
Net result drops to -€39,212, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 1.81
Current ratio from 0.90 to 1.81; short-term debt falls from €149,691 to €101,370.
31-12
Financial
Equity above €150,000Eq €162,219 ▲45.4%
2 profitable years in a row build equity to €162,219.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 2005
Ground area
8,266 m²
Building footprint
6,085 m²
Volume, LiDAR
62,209 m³
Parcel 11807G0126/11C000, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Hangar 29
since 20052.160.058.059
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0126/11C000 | Flanders | 8,266 m² | 1 · 6,085 m² | 12.7 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.
Structure & network
Owners and holdings
1 ownerChain of control
- VINELCO
- HANGAR 29
Highest known parent: VINELCO. The sources do not say who stands above it.
Owners 1
- VINELCOparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 368 companies in sector 90311 we hold annual accounts for 156. 106 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
Founded23-02-2005
Fiscal year end31-12
Activities, NACEBEL 2025
90311Arts creation and performing arts activities
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0872087606
Registered
26-06-2026
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.