Financials
- Fiscal year
- 2025
- Total assets
- €406,523
- Loss
- -€12,311
- Solvency
- 7.8%
Turnover▲ 6.4%
Net result
20192023
KASCEN
ActiveSummary
KASCEN has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,877 and a net result of -€12,311. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 2315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Other support activities for arts and performing arts
NACE 90399NACE 90023NACE 90029
1 site
Size
€406,523total assets 2025
- Staff
- 2.2 FTE
- Equity
- €31,877
- Loss
- -€12,311
Structure
Accounts 54 d early0 of 9 deeds read
Why 87- Equity €31,877 (7.8% of total assets)+ Size: total assets €406,523+ Sector Arts creation and performing arts activities (NACE 90)+ Figures for FY 2025 (filed 11-12-2025)Show the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Better than 18% of its sector peers (NACE 90, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
33-2
equity 7.8% of total assets
Liquidity
16-17
short-term debt 88.1% · cash 12.1%
Profitability
18-9
return on assets -3.0%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%highest value
12-2024: 0.4%▼ -6.4% vs 11-2024
01-2025: 0.1%▼ -73.1% vs 12-2024
02-2025: 0.1%● 0.0% vs 01-2025
03-2025: 0.1%▼ -1.1% vs 02-2025lowest value
04-2025: 0.1%● 0.0% vs 03-2025lowest value
05-2025: 0.1%● 0.0% vs 04-2025lowest value
06-2025: 0.1%● 0.0% vs 05-2025lowest value
07-2025: 0.1%● 0.0% vs 06-2025lowest value
08-2025: 0.1%▲ +4.3% vs 07-2025
09-2025: 0.1%● 0.0% vs 08-2025
10-2025: 0.1%▼ -1.0% vs 09-2025
11-2025: 0.1%▲ +8.2% vs 10-2025
12-2025: 0.1%▼ -1.9% vs 11-2025
01-2026: 0.1%▲ +30.1% vs 12-2025
02-2026: 0.1%● 0.0% vs 01-2026
03-2026: 0.1%● 0.0% vs 02-2026
04-2026: 0.1%● 0.0% vs 03-2026
05-2026: 0.1%● 0.0% vs 04-2026
06-2026: 0.1%● 0.0% vs 05-2026
07-2026: 0.1%● 0.0% vs 06-2026
08-2026: 0.1%▲ +3.7% vs 07-2026
09-2026: 0.1%● 0.0% vs 08-2026
10-2026: 0.1%▼ -2.2% vs 09-2026
- Size: total assets €406,523 lowers the probability for this profile
- Equity €31,877 (7.8% of total assets) raises the probability
- Sector Arts creation and performing arts activities (NACE 90) lowers the probability
- Figures for FY 2025 (filed 11-12-2025) lowers the probability
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.25 in 2024; short-term debt: 88.1% and cash: 12.1% of total assets), and 92.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 90, micro). Better than this share of them on solvency 21%, liquidity 10%, profitability 22%, growth against the median 20%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€12,311
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2315 sector peers (2025).
NBB · sector comparisonPosition among 2315 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-12-2025, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
54 d early
2024
36 d early
2023
on the day
2022
3 d early
2021
55 d early
2020
2 d early
2019
20 d early
← 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 24 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 26 December (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close03-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · full…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-01-2027
- 08-12-2025Annual accounts filed
- 26-12-2024Annual accounts filed
- 31-01-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other support activities for arts and performing artsNACE 90399
- Founded
- 13-07-2009
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
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