INDEPENDENCE
ActiveSummary
INDEPENDENCE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-9k) and a net result of €-5k. Equity is shrinking by ~36.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 536 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+9
Solvency0▼-16
Growth39▲+17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.44 against 2.27 in 2024; short-term debt: 6.2% and cash: 9.6% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Five 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 2025Solvency, return and age of the figures
Solvency
-27.7%
Return on assets
-16.4%
Age of the figures
9 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-9k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
11 d late
2023
29 d late
2022
30 d late
2021
27 d late
2020
29 d late
2019
108 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€22k▲ 16.0%
2024 · €19k
2018: €45k
2019: €46k▲ +4.0% vs 2018
2020: €23k▼ -50.9% vs 2019
2021: €9k▼ -60.1% vs 2020lowest in 8 years
2022: €56k▲ +512% vs 2021highest in 8 years
2023: €27k▼ -51.2% vs 2022
2024: €19k▼ -30.3% vs 2023
2025: €22k▲ +16.0% vs 2024
2018 → 2025
EBIT margin
-22.1%▲ 31.8pp
2024 · -53.9%
2018: -13.1%
2019: 1.5%▲ +111% vs 2018
2020: -10.9%▼ -828% vs 2019
2021: -50.8%▼ -367% vs 2020
2022: 7.8%▲ +115% vs 2021highest in 8 years
2023: 4.5%▼ -42.3% vs 2022
2024: -53.9%▼ -1299% vs 2023lowest in 8 years
2025: -22.1%▲ +59.0% vs 2024
2018 → 2025
Net result
€-5k▲ 51.1%
2024 · €-10k
2018: €-6k
2019: €349▲ +106% vs 2018
2020: €-3k▼ -881% vs 2019
2021: €-5k▼ -79.9% vs 2020
2022: €4k▲ +185% vs 2021highest in 8 years
2023: €977▼ -76.5% vs 2022
2024: €-10k▼ -1167% vs 2023lowest in 8 years
2025: €-5k▲ +51.1% vs 2024
2018 → 2025
Working capital
€5k▲ 115%
2024 · €2k
2018: €2k
2019: €8k▲ +273% vs 2018
2020: €11k▲ +37.6% vs 2019highest in 8 years
2021: €1k▼ -90.6% vs 2020lowest in 8 years
2022: €4k▲ +254% vs 2021
2023: €2k▼ -56.4% vs 2022
2024: €2k▲ +35.6% vs 2023
2025: €5k▲ +115% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9k-€56k▲ 512%€27k▼ 51.2%€19k▼ 30.3%€22k▲ 16.0%
2021: €9klowest in 5 years
2022: €56k▲ +512% vs 2021highest in 5 years
2023: €27k▼ -51.2% vs 2022
2024: €19k▼ -30.3% vs 2023
2025: €22k▲ +16.0% vs 2024
Equity€2k-€6k▲ 236%€7k▲ 16.5%€-4k€-9k▼ 145%
2021: €2k
2022: €6k▲ +236% vs 2021
2023: €7k▲ +16.5% vs 2022highest in 5 years
2024: €-4k▼ -151% vs 2023
2025: €-9k▼ -145% vs 2024lowest in 5 years
Operating result€-5k-€4k€1k▼ 71.9%€-10k€-5k▲ 52.4%
2021: €-5k
2022: €4k▲ +194% vs 2021highest in 5 years
2023: €1k▼ -71.9% vs 2022
2024: €-10k▼ -935% vs 2023lowest in 5 years
2025: €-5k▲ +52.4% vs 2024
Net result€-5k-€4k€977▼ 76.5%€-10k€-5k▲ 51.1%
2021: €-5k
2022: €4k▲ +185% vs 2021highest in 5 years
2023: €977▼ -76.5% vs 2022
2024: €-10k▼ -1167% vs 2023lowest in 5 years
2025: €-5k▲ +51.1% vs 2024
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 stays negative: a loss of €5k in 2025 against €10k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31k
Fixed assets
€24k ▼ 29.1%
Current assets
€7k ▲ 69.9%
Key figures and ratios
EBITDA
€7k▲
2024 · €3k
Cash flow
€7k▲
2024 · €2k
Solvency
-27.7%▼
2024 · -9.2%
Current ratio
3.44▲
2024 · 2.27
Debt to equity
-4.61▲
2024 · -11.92
ROA
-16.4%▲
2024 · -27.1%
Interest coverage
82.92▲
2024 · 39.00
Debt
€40k▼
2024 · €42k
Debt ≤ 1 year
€2k▲
2024 · €2k
Debt > 1 year
€38k▼
2024 · €40k
Income taxes
€160▼
2024 · €168
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€38k€31k▼
Fixed assets21/28€34k€24k▼
Tangible fixed assets22/27€34k€24k▼
Plant, machinery and equipment23€579€2k▲
Furniture and vehicles24€34k€23k▼
Current assets29/58€4k€7k▲
Amounts receivable within one year40/41€2k€4k▲
Trade receivables40€1k€4k▲
Other amounts receivable41€504€21▼
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€324-
Equity and liabilities
Total equity and liabilities10/49€38k€31k▼
Equity10/15€-4k€-9k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€15€15=
Legal reserve130€15€15=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-24k€-29k▼
Amounts payable17/49€42k€40k▼
Amounts payable after more than one year17€40k€38k▼
Financial debts170/4€40k€38k▼
Amounts payable within one year42/48€2k€2k▲
Trade debts44€162€198▲
Suppliers440/4€162€198▲
Taxes, remuneration and social security45€168€640▲
Taxes450/3€168€640▲
Other amounts payable47/48€1k€1k▼
Income statement
Code20242025
Turnover70€19k€22k▲
Non-recurring operating income76A-€643
Goods, raw materials, services and sundry goods60/61€23k€17k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€456€679▲
Gross operating margin9900€3k€8k▲
Operating profit (loss)9901€-10k€-5k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€67€86▲
Recurring financial charges65€67€86▲
Profit (loss) for the period before taxes9903€-10k€-5k▲
Income taxes67/77€168€160▼
Profit (loss) for the period9904€-10k€-5k▲
Profit (loss) for the period to be appropriated9905€-10k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-29k▼
Profit (loss) brought forward from the previous period14P€-14k€-24k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €9k | €56k | €27k | €19k | €22k | ▲ 16.0% |
| Non-recurring operating income76A | - | - | €10k | - | €643 | - |
| Goods, raw materials, services and sundry goods60/61 | €13k | €52k | €25k | €23k | €17k | ▼ 26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €1k | €13k | €13k | €12k | ▼ 6.5% |
| Other operating charges640/8 | €1k | €1k | €447 | €456 | €679 | ▲ 48.9% |
| Gross operating margin9900 | €2k | €7k | €14k | €3k | €8k | ▲ 154% |
| Operating profit (loss)9901 | €-5k | €4k | €1k | €-10k | €-5k | ▲ 52.4% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | €100 | €62 | €86 | €67 | €86 | ▲ 28.4% |
| Recurring financial charges65 | €100 | €62 | €86 | €67 | €86 | ▲ 28.4% |
| Profit (loss) for the period before taxes9903 | €-5k | €4k | €1k | €-10k | €-5k | ▲ 51.9% |
| Income taxes67/77 | €179 | €109 | €157 | €168 | €160 | ▼ 4.8% |
| Profit (loss) for the period9904 | €-5k | €4k | €977 | €-10k | €-5k | ▲ 51.1% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €4k | €977 | €-10k | €-5k | ▲ 51.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8k | €9k | €52k | €38k | €31k | ▼ 19.0% |
| Fixed assets21/28 | €712 | €2k | €47k | €34k | €24k | ▼ 29.1% |
| Tangible fixed assets22/27 | €712 | €2k | €47k | €34k | €24k | ▼ 29.1% |
| Plant, machinery and equipment23 | €712 | €2k | €2k | €579 | €2k | ▲ 219% |
| Furniture and vehicles24 | - | - | €45k | €34k | €23k | ▼ 33.3% |
| Current assets29/58 | €7k | €7k | €5k | €4k | €7k | ▲ 69.9% |
| Amounts receivable within one year40/41 | €530 | €2k | €750 | €2k | €4k | ▲ 118% |
| Trade receivables40 | €530 | €1k | €530 | €1k | €4k | ▲ 210% |
| Other amounts receivable41 | - | €768 | €220 | €504 | €21 | ▼ 95.8% |
| Cash at bank and in hand54/58 | €6k | €4k | €4k | €2k | €3k | ▲ 56.1% |
| Deferred charges and accrued income490/1 | €533 | €342 | €307 | €324 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8k | €9k | €52k | €38k | €31k | ▼ 19.0% |
| Equity10/15 | €2k | €6k | €7k | €-4k | €-9k | ▼ 145% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €15 | €15 | €15 | €15 | €15 | = |
| Legal reserve130 | €15 | €15 | €15 | €15 | €15 | = |
| Tax-exempt reserves132 | - | €2k | - | - | - | - |
| Distributable reserves133 | €2k | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-19k | €-15k | €-14k | €-24k | €-29k | ▼ 21.1% |
| Amounts payable17/49 | €6k | €3k | €45k | €42k | €40k | ▼ 5.2% |
| Amounts payable after more than one year17 | - | - | €42k | €40k | €38k | ▼ 6.0% |
| Financial debts170/4 | - | - | €42k | €40k | €38k | ▼ 6.0% |
| Amounts payable within one year42/48 | €6k | €3k | €3k | €2k | €2k | ▲ 12.2% |
| Current portion of amounts payable after more than one year42 | €5k | - | - | - | - | - |
| Trade debts44 | €536 | €889 | €602 | €162 | €198 | ▲ 22.2% |
| Suppliers440/4 | €536 | €889 | €602 | €162 | €198 | ▲ 22.2% |
| Taxes, remuneration and social security45 | €367 | €146 | €300 | €168 | €640 | ▲ 281% |
| Taxes450/3 | €367 | €146 | €300 | €168 | €640 | ▲ 281% |
| Other amounts payable47/48 | - | €2k | €2k | €1k | €1k | ▼ 21.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €4k | €977 | €-10k | €-5k | ▲ 51.1% |
| + Depreciation and write-downs630 | €6k | €1k | €13k | €13k | €12k | ▼ 6.5% |
| Operating cash flow (approximation) | €716 | €5k | €14k | €2k | €7k | ▲ 189% |
| Investment in fixed assets (approximation) | - | €-3k | €-58k | €-1 | €-2k | ▼ 194,400% |
| Change in cash | - | €-2k | €-487 | €-2k | €1k | ▲ 165% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
2019
31-12
Financial
Back to profitnet €349
Net result €349 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Dilbeek · 1 establishment unit since 1993
Ground area
3,316 m²
Building footprint
241 m²
Volume, LiDAR
1,772 m³
Parcel 23352F0131/00V000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Broekstraat 33, 1700 Dilbeek
since 19932.062.828.229
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23352F0131/00V000 | Flanders | 3,316 m² | 1 · 241 m² | 10.9 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.
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Of 8,315 companies in sector 90201 we hold annual accounts for 602. 288 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 (pre-2019)
Founded01-07-1993
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
Scores and ratios are computed by Checked and are not a credit decision.