Het SPECTRA Ensemble
ActiveHet SPECTRA Ensemble has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €384k and a net result of €104k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 538 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
99
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability98▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 7.25 against 7.67 in 2023; short-term debt: 13.6% and cash: 83.7% of total assets), and 13.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 90
lower
← 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 2024Solvency, return and age of the figures
Solvency
86.4%
Return on assets
23.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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
not confirmed
2024
54 d late
2023
61 d late
2022
59 d late
2021
113 d late
2020
494 d late
2019
4 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€384k▲ 37.0%
2023 · €281k
2018: €129k
2019: €120k
2020: €181k
2021: €160k
2022: €191k
2023: €281k
2018 → 2024
Total assets
€445k▲ 36.5%
2023 · €326k
2018: €220k
2019: €167k
2020: €218k
2021: €209k
2022: €248k
2023: €326k
2018 → 2024
Net result
€104k▲ 16.4%
2023 · €89k
2018: €55k
2019: €-8k
2020: €61k
2021: €-21k
2022: €31k
2023: €89k
2018 → 2024
Working capital
€377k▲ 34.6%
2023 · €280k
2018: €128k
2019: €125k
2020: €179k
2021: €159k
2022: €193k
2023: €280k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€181k-€160k▼ 11.7%€191k▲ 19.6%€281k▲ 46.6%€384k▲ 37.0%
Operating result€61k-€-21k€31k€89k▲ 184%€103k▲ 14.8%
Net result€61k-€-21k€31k€89k▲ 184%€104k▲ 16.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 15% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €445k
Fixed assets
€7k▲ 105%
Current assets
€437k▲ 35.8%
Equity and liabilities €445k
Equity
€384k▲ 37.0%
Debt
€60k▲ 33.6%
The debt ratio falls from 13.9% to 13.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€106k▲
2023 · €91k
Cash flow
€107k▲
2023 · €91k
Solvency
86.4%▲
2023 · 86.1%
Current ratio
7.25▼
2023 · 7.67
Quick ratio
7.25▼
2023 · 7.67
Debt / equity
0.16▼
2023 · 0.16
ROE
27.0%▼
2023 · 31.8%
ROA
23.3%▼
2023 · 27.4%
Interest coverage
694.56▲
2023 · 369.16
Debt
€60k▲
2023 · €45k
Debt ≤ 1 year
€60k▲
2023 · €42k
Income taxes
€568▲
2023 · €1
Staff costs
€288k▲
2023 · €257k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€326k€445k▲
Fixed assets21/28€4k€7k▲
Tangible fixed assets22/27€2k€6k▲
Plant, machinery and equipment23€2k€6k▲
Furniture and vehicles24€239€159▼
Financial fixed assets28€1k€1k=
Current assets29/58€322k€437k▲
Amounts receivable within one year40/41€83k€54k▼
Trade receivables40€36k€11k▼
Other amounts receivable41€46k€43k▼
Cash at bank and in hand54/58€239k€372k▲
Deferred charges and accrued income490/1€601€11k▲
Equity and liabilities
Total equity and liabilities10/49€326k€445k▲
Equity10/15€281k€384k▲
Reserves13€110k€140k▲
Profit (loss) carried forward14€171k€244k▲
Amounts payable17/49€45k€60k▲
Amounts payable within one year42/48€42k€60k▲
Trade debts44€10k€9k▼
Suppliers440/4€10k€9k▼
Taxes, remuneration and social security45€32k€52k▲
Taxes450/3€5k€8k▲
Remuneration and social security454/9€26k€44k▲
Accrued charges and deferred income492/3€3k-
Income statement
Code20232024
Remuneration, social security and pensions62€257k€288k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€32€126▲
Gross operating margin9900€349k€394k▲
Operating profit (loss)9901€89k€103k▲
Financial income75/76B€3€2k▲
Recurring financial income75€3€2k▲
Financial charges65/66B€247€153▼
Recurring financial charges65€247€153▼
Profit (loss) for the period before taxes9903€89k€104k▲
Income taxes67/77€1€568▲
Profit (loss) for the period9904€89k€104k▲
Profit (loss) for the period to be appropriated9905€89k€104k▲
Appropriation of the result
Profit (loss) to be appropriated9906€201k€274k▲
Profit (loss) brought forward from the previous period14P€111k€171k▲
To contributions691€30k€30k=
Social balance
Average headcount (FTE)90872.83.1▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 54 days late
2024
31-12
Financial
Highest result since 2018net €104k ▲16.4%
Operating result €103k, net result €104k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Equity above €200kEq €281k ▲46.6%
2 profitable years in a row build equity to €281k.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 494 days late
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 113 days late
2021
31-12
Financial
Weakest financial yearnet €-21k ▼135%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
2020
31-12
Financial
Back to profitnet €61k
Net result €61k after one loss-making year.
31-12
Financial
Equity above €150kEq €181k ▲50.4%
Equity rises from €120k to €181k.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
04-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 370 days late
04-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 735 days late
2012
31-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
31-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 366 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-10-2022
Jean-Claude Burgelman: Resigned as Director
08-06-2020
Filip Rathé: Resigned as Director
08-06-2020
Vander Plaetse Karen: Resigned as Director
24-09-2015
Eric Cosaert: Resigned as Director
24-09-2015
Herman Sabbe: Resigned as Director
24-09-2015
Lieven Baert: Resigned as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2007
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.
Bijlokekaai 79000 GentGround area
1.6 ha
Building footprint
4,233 m²
Volume, LiDAR
43,823 m³
Parcel 44806F0637/00S000, Flanders · tallest building 21.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Het SPECTRA Ensemble vzw
since 20072.160.268.192
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44806F0637/00S000 | Flanders | 1.6 ha | 2 · 4,233 m² | 21.9 m · 3 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
2022 to 2025 · 7 entries · 1,548,786 EUR awarded · 1,508,475 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 412,063 EUR | 409,329 EUR |
| 2024 | 1 | 396,454 EUR | 393,818 EUR |
| 2023 | 2 | 388,723 EUR | 387,485 EUR |
| 2022 | 2 | 351,546 EUR | 317,843 EUR |
Schemes
Professionele kunsten: Werkingssubsidie voor een kunstenorganisatie voor een periode van 5 jaar (Kunstendecreet 2021)
Professionele kunsten: Werkingssubsidie voor een professionele kunstenorganisatie (Kunstendecreet 2013)
Professionele kunsten: Tussenkomst in de kosten voor deelname aan een internationaal presentatiemoment (Kunstendecreet 2021)
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Of 2,276 companies in sector 90202 we hold annual accounts for 413. 267 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded12-10-1993
Fiscal year end31-12
Activities, NACEBEL
90202Performing arts by artistic ensembles
92312
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:greet.swinnen@spectraensemble.com