Equity
Equity fell by 43% in 10 years.
Equity fell by 43% in 10 years.
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
The micro format states no turnover.
Short-term debts rose from €3,614 to €7,316.
Latest accounts filed late: after the legal deadline.
Lower net result than 81% of companies in creative and performing arts. Sector median €6,328 · 2,481 companies.
The dashed line is the sector median: 0.1% across 3,430 companies (NACE 90, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 90, micro). It does better than 88% of them on solvency, 69% on liquidity, 25% on profitability and 26% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,805 companies had the same profile as HOOK has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HOOK itself is lower: 0.2% within 12 months. It rests on far more data about HOOK than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for HOOK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 4.86 (9.21 in 2024), above the usual 1.5. Short-term debt is 13% and cash 26.3% of total assets. 21.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| HOOK Ghent | €56,081 | €1,181 | 78.1% | - |
| CHARLOTTE LEYSEN Schoten | €52,159 | -€23,896 | 89.8% | - |
| LLMUSIC Wichelen | €40,172 | -€29,327 | -60.7% | - |
| Studio Lieven De Boeck Ixelles | €44,585 | -€14,812 | 100.0% | - |
| Tik Tak Claires Ledegem | €43,211 | -€6,741 | 31.0% | - |
| NAGALM Antwerp | €58,159 | €2,176 | 76.6% | - |
| AKAP RENOV La Louvière | €70,430 | €11 | -1.9% | - |
These companies have the same main activity as HOOK: performing arts by independent artists (NACE 90201). They are comparable in size and age: total assets between €40,200 and €70,400, founded between 2010 and 2016.
HOOK files the micro format. That format states no turnover. The gross margin fell from €30,117 in 2013 to €1,181 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €5,700. Estimated: probably between €3,300 and €10,000.
Higher than 77% of 2,485 companies in 2025.
Higher than 79% of 2,348 companies in 2025.
Higher than 15% of 2,393 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
56,081 | 56,231 | 65,778 | 71,335 | 64,510 | 59,326 | 46,602 | 23,626 | 36,934 | 60,443 | 113,029 | 77,282 | 43,304 | |
21/28 |
20,505 | 22,936 | 28,381 | 29,182 | 17,457 | 14,428 | 3,717 | 4,290 | 8,169 | 11,231 | 22,481 | 15,605 | 4,677 | |
22/27 |
20,480 | 22,911 | 28,356 | 29,157 | 17,432 | 14,403 | 3,692 | 4,265 | 8,144 | 11,206 | 22,456 | 15,580 | 4,652 | |
23 |
5,195 | 9,164 | 9,523 | 9,463 | 11,400 | 6,769 | 96 | 400 | 2,622 | 5,710 | 8,783 | 1,955 | 2,471 | |
24 |
12,021 | 10,062 | 14,727 | 19,636 | 5,367 | 6,362 | 1,717 | 1,379 | 2,415 | 1,612 | 8,817 | 13,625 | 2,181 | |
26 |
3,264 | 3,685 | 4,106 | 58 | 665 | 1,272 | 1,879 | 2,486 | 3,108 | 3,884 | 4,856 | - | - | |
28 |
25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | |
29/58 |
35,576 | 33,295 | 37,397 | 42,153 | 47,053 | 44,898 | 42,885 | 19,336 | 28,765 | 49,212 | 90,548 | 61,677 | 38,627 | |
40/41 |
19,585 | 8,774 | 14,757 | 13,237 | 20,351 | 17,512 | 8,021 | 3,773 | 5,831 | 5,331 | 36,601 | 28,879 | 18,389 | |
40 |
19,585 | 8,774 | 14,757 | 8,225 | 20,351 | 6,772 | 8,021 | 3,571 | 2,977 | 4,070 | 31,276 | 28,879 | 16,984 | |
41 |
- | - | - | 5,012 | - | 10,741 | - | 202 | 2,854 | 1,261 | 5,324 | - | 1,406 | |
54/58 |
14,766 | 23,683 | 21,313 | 26,997 | 22,126 | 26,591 | 30,640 | 14,863 | 22,085 | 43,273 | 52,675 | 31,549 | 20,237 | |
490/1 |
1,225 | 838 | 1,327 | 1,918 | 4,576 | 795 | 4,224 | 700 | 849 | 608 | 1,272 | 1,249 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
56,081 | 56,231 | 65,778 | 71,335 | 64,510 | 59,326 | 46,602 | 23,626 | 36,934 | 60,443 | 113,029 | 77,282 | 43,304 | |
10/15 |
43,800 | 52,578 | 53,232 | 60,731 | 58,533 | 55,892 | 41,551 | 22,055 | 31,671 | 57,425 | 76,271 | 47,618 | 29,259 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
60,766 | 60,766 | 60,766 | 62,626 | 62,626 | 70,071 | 70,071 | 70,071 | 70,071 | 70,071 | 70,071 | 41,418 | 23,059 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
132 |
16,457 | 16,457 | 16,457 | 16,457 | 16,457 | 23,902 | 23,902 | 23,902 | 23,902 | 23,902 | 23,902 | 11,529 | 11,529 | |
133 |
44,309 | 44,309 | 44,309 | 44,309 | 44,309 | 44,309 | 44,309 | 44,309 | 44,309 | 44,309 | 44,309 | 28,028 | 9,669 | |
14 |
-23,166 | -14,387 | -13,734 | -8,095 | -10,292 | -20,380 | -34,720 | -54,216 | -44,600 | -18,847 | - | - | - | |
17/49 |
12,281 | 3,653 | 12,546 | 10,604 | 5,977 | 3,434 | 5,051 | 1,570 | 5,263 | 3,019 | 36,757 | 29,664 | 14,045 | |
17 |
- | - | 2,317 | 4,999 | - | - | - | - | - | - | - | - | - | |
170/4 |
- | - | 2,317 | 4,999 | - | - | - | - | - | - | - | - | - | |
42/48 |
7,316 | 3,614 | 10,192 | 5,604 | 5,955 | 3,062 | 5,051 | 1,560 | 4,674 | 2,995 | 36,735 | 26,213 | 14,045 | |
42 |
- | 2,317 | 2,683 | 2,580 | - | - | - | - | - | - | - | - | - | |
44 |
3,082 | 861 | 3,502 | 1,618 | 1,132 | 2,426 | 2,030 | 1,225 | 3,357 | 694 | 14,948 | 8,359 | 3,031 | |
440/4 |
3,082 | 861 | 3,502 | 1,618 | 1,132 | 2,426 | 2,030 | 1,225 | 3,357 | 694 | 14,948 | 8,359 | 3,031 | |
45 |
2,754 | 24 | 2,473 | 234 | 3,489 | 636 | 2,908 | 336 | 1,317 | 1,379 | 12,111 | 13,914 | 10,429 | |
450/3 |
2,754 | 24 | 1,414 | 128 | 3,489 | 636 | 1,794 | 336 | 368 | 271 | 10,193 | 12,086 | 6,287 | |
454/9 |
- | - | 1,059 | 106 | - | - | 1,114 | - | 948 | 1,108 | 1,918 | 1,829 | 4,142 | |
47/48 |
1,481 | 412 | 1,533 | 1,173 | 1,333 | - | 113 | - | - | 921 | 9,676 | 3,939 | 585 | |
492/3 |
4,964 | 39 | 37 | - | 22 | 372 | - | 10 | 589 | 23 | 23 | 3,451 | - | |
| Income statement | ||||||||||||||
76A |
- | - | - | 4,738 | - | - | - | - | - | 999 | - | - | - | |
9900 |
1,181 | 9,829 | 2,504 | 8,974 | 8,921 | 17,502 | 22,325 | -4,418 | -19,447 | -5,169 | 64,352 | 40,674 | 30,117 | |
62 |
- | - | - | 21 | - | - | - | - | - | - | - | - | - | |
630 |
9,135 | 9,535 | 8,630 | 5,975 | 4,417 | 2,382 | 1,795 | 4,145 | 5,360 | 12,750 | 15,339 | 8,608 | 2,776 | |
640/8 |
698 | 677 | 1,059 | 404 | 826 | 821 | 813 | 805 | 715 | 720 | 370 | 610 | 98 | |
66A |
- | - | - | - | - | - | - | - | - | - | 365 | - | - | |
9901 |
-8,652 | -383 | -7,185 | 2,575 | 3,679 | 14,299 | 19,717 | -9,368 | -25,523 | -18,640 | 48,643 | 31,457 | 27,243 | |
75/76B |
11 | 1 | 15 | 8 | 0 | 275 | 7 | 3 | 0 | 0 | 11 | 8 | 5 | |
75 |
11 | 1 | 15 | 8 | 0 | 275 | 7 | 3 | 0 | 0 | 11 | 8 | 5 | |
65/66B |
137 | 271 | 329 | 257 | 86 | 87 | 73 | 93 | 53 | 127 | 102 | 160 | 9 | |
65 |
137 | 271 | 329 | 257 | 86 | 87 | 73 | 93 | 53 | 127 | 102 | 160 | 9 | |
9903 |
-8,778 | -654 | -7,499 | 2,325 | 3,593 | 14,488 | 19,651 | -9,459 | -25,575 | -18,766 | 48,187 | 31,304 | 27,239 | |
67/77 |
- | - | - | 128 | 952 | 147 | 154 | 157 | 179 | 80 | 10,533 | 9,945 | 4,180 | |
9904 |
-8,778 | -654 | -7,499 | 2,197 | 2,642 | 14,340 | 19,496 | -9,616 | -25,754 | -18,847 | 37,654 | 21,359 | 23,059 | |
789 |
- | - | - | - | 7,446 | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | 12,373 | - | 11,529 | |
9905 |
-8,778 | -654 | -7,499 | 2,197 | 10,088 | 14,340 | 19,496 | -9,616 | -25,754 | -18,847 | 25,281 | 21,359 | 11,529 | |
| Appropriation of the result | ||||||||||||||
9906 |
-23,166 | -14,387 | -15,594 | -8,095 | -10,292 | -20,380 | -34,720 | -54,216 | -44,600 | -18,847 | 25,281 | 21,359 | 11,529 | |
14P |
-14,387 | -13,734 | -8,095 | -10,292 | -20,380 | - | - | - | - | - | - | - | - | |
791/2 |
- | - | 1,860 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 16,281 | 18,359 | 11,529 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | - | - | - | - | - | - | 16,281 | 18,359 | 9,669 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | 9,000 | 3,000 | - | |
695 |
- | - | - | - | - | - | - | - | - | - | 9,000 | 3,000 | - | |
| Document | ||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00547201.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00547201 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00359720 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00451769 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00305414 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20417258 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-44300244 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37700090 | |
| 31-12-2018 | micro format | 16-07-2019 | 2019-34100174 | |
| 31-12-2017 | micro format | 28-07-2018 | 2018-40800131 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-39300040 | |
| 31-12-2015 | abbreviated format | 22-07-2016 | 2016-34700063 | |
| 31-12-2014 | abbreviated format | 31-07-2015 | 2015-39400354 | |
| 31-12-2013 | abbreviated format | 11-07-2014 | 2014-30600061 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 483 | 9,152 | 1,445 | 8,549 | 8,096 | 16,681 | 21,512 | -5,223 | -20,162 | -5,890 | 63,982 | 40,064 | 30,019 | ||
| 357 | 8,881 | 1,131 | 8,172 | 7,059 | 16,722 | 21,291 | -5,470 | -20,393 | -6,097 | 52,993 | 29,967 | 25,835 | ||
| 6,704 | 4,090 | 7,829 | 17,700 | 7,446 | 13,093 | 1,222 | 266 | 2,298 | 1,500 | 22,681 | 19,535 | 7,453 | ||
| -8,917 | 2,370 | -5,684 | 4,872 | -4,465 | -4,050 | 15,778 | -7,222 | -21,188 | -9,402 | 21,126 | 11,312 | - | ||
| 28,260 | 29,681 | 27,205 | 36,548 | 41,099 | 41,836 | 37,834 | 17,775 | 24,091 | 46,217 | 53,813 | 35,464 | 24,582 | ||
| 78.1% | 93.5% | 80.9% | 85.1% | 90.7% | 94.2% | 89.2% | 93.4% | 85.8% | 95.0% | 67.5% | 61.6% | 67.6% | ||
| 4.86 | 9.21 | 3.67 | 7.52 | 7.90 | 14.66 | 8.49 | 12.39 | 6.15 | 16.43 | 2.46 | 2.35 | 2.75 | ||
| 0.28 | 0.07 | 0.24 | 0.17 | 0.10 | 0.06 | 0.12 | 0.07 | 0.17 | 0.05 | 0.48 | 0.62 | 0.48 | ||
| -20.0% | -1.2% | -14.1% | 3.6% | 4.5% | 25.7% | 46.9% | -43.6% | -81.3% | -32.8% | 49.4% | 44.9% | 78.8% | ||
| -15.7% | -1.2% | -11.4% | 3.1% | 4.1% | 24.2% | 41.8% | -40.7% | -69.7% | -31.2% | 33.3% | 27.6% | 53.2% | ||
| 3.54 | 33.71 | 4.39 | 33.22 | 94.17 | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,704 | €4,090 | €7,829 | €17,700 | €7,446 |
| €9,135 | €9,535 | €8,630 | €5,975 | €4,417 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €8,652, larger than the loss of €383 in 2024. It is the lowest result since 2018.
Debt's share of the balance-sheet total rises from 6.5% to 21.9%. Equity is lower and debt is higher.
HOOK has no parent and no holdings in its annual accounts. Vanhaecke,Arne is the only director. HOOK shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Sisalstraat 10 registered office 9000 Ghent | 27-03-2013 | 2.217.577.475 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44816K0449/00X000 | 262 m² | 1 · 93 m² | 9.0 m · 2 |
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