Checked.be
Active
BE 0872.583.096Private limited company (pre-2019)
KULT
Quinten Metsysdreef 8 ·3920 Lommel, Belgium· 21 yrs active
Sector: Motion picture, video and television programme production, sound recording and music publishing activities
(59203)
Conclusion
KULT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-7k) and a net result of €-45k. Equity is shrinking by ~71.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 1936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €-7k |
| Net result | €-45k |
| Better than sector | 18% |
| Active | 21 yrs |
Financial profile
54
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
7
Profitability
100
Solvency
33
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2005, 21 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
7
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
43
2021
2
2022
10
2023
7
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.00 (< 1.0)
-10
Quick ratio
Quick ratio 0.00 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 661% (≥ 10%)
+10
Interest coverage
Interest coverage 0.1× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-04-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~71.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -0.6% | 49.0% | |
| Net result | €-45k | €5k | |
| Equity | €-7k | €41k | |
| Gross operating margin | €2k | €23k | |
| Total assets | €1.13M | €100k |
€626
-93.7%
21-24
€-45k
-35.5%
21-24
€-12k
-
21-24
€1.13M
-3.0%
21-24
€-7k
-
21-24
€-836k
-4.4%
21-24
€652
-
21-24
€1.14M
+0.9%
21-24
€839k
+4.2%
21-24
€298k
-7.4%
21-24
0.00
-41.6%
21-24
0.00
-41.6%
21-24
-0.6%
-
21-24
-168.89
-
21-24
661.3%
-
21-24
-3.9%
-39.6%
21-24
0.05
-94.3%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €626 | €10k | €4k | €65k |
| Net profit | €-45k | €-33k | €-40k | €16k |
| Cash flow | €-12k | €1k | €-7k | €51k |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | €652 |
| Dividends | - | - | - | - |
| Total assets | €1.13M | €1.16M | €1.20M | €1.26M |
| Equity | €-7k | €38k | €71k | €111k |
| Debt | €1.14M | €1.13M | €1.13M | €1.15M |
| of which ≤ 1y | €839k | €805k | €774k | €772k |
| of which > 1y | €298k | €322k | €353k | €379k |
| Working capital | €-836k | €-801k | €-771k | €-734k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.00 | 0.01 | 0.00 | 0.05 |
| Quick ratio | 0.00 | 0.01 | 0.00 | 0.05 |
| Working capital ratio | -74.0% | -68.7% | -64.4% | -58.2% |
| Solvency | -0.6% | 3.2% | 5.9% | 8.8% |
| Debt / equity | -168.89 | 29.83 | 15.95 | 10.37 |
| Long-term debt ratio | -44.24 | 8.51 | 4.99 | 3.42 |
| Interest coverage | 0.05 | 0.89 | 0.38 | 4.67 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -3.9% | -2.8% | -3.4% | 1.3% |
| ROE | 661.3% | -87.0% | -57.2% | 14.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.13M | €1.16M | €1.20M | €1.26M |
| Fixed assets | 21/28 | €1.13M | €1.16M | €1.19M | €1.22M |
| Intangible fixed assets | 21 | €0 | €0 | - | - |
| Tangible fixed assets | 22/27 | €1.13M | €1.16M | €1.19M | €1.22M |
| Current assets | 29/58 | €3k | €5k | €3k | €37k |
| Amounts receivable within one year | 40/41 | €3k | €5k | €3k | €18k |
| Cash & bank | 54/58 | - | - | €499 | €19k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.13M | €1.16M | €1.20M | €1.26M |
| Equity | 10/15 | €-7k | €38k | €71k | €111k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €109k | €109k | €109k | €109k |
| Accumulated profits (losses) | 14 | €-122k | €-78k | €-45k | €-5k |
| Amounts payable | 17/49 | €1.14M | €1.13M | €1.13M | €1.15M |
| Amounts payable after one year | 17 | €298k | €322k | €353k | €379k |
| Amounts payable within one year | 42/48 | €839k | €805k | €774k | €772k |
| Trade debts payable within one year | 44 | €4k | €858 | €1k | €4k |
| Income statement | |||||
| Gross operating margin | 9900 | €2k | €11k | €4k | €65k |
| Operating result | 9901 | €-32k | €-24k | €-29k | €31k |
| Financial income | 75 | - | €2k | €5 | €178 |
| Financial charges | 65 | €12k | €11k | €11k | €14k |
| Result before taxes | 9903 | €-45k | €-33k | €-40k | €17k |
| Income taxes | 67/77 | - | - | - | €652 |
| Net result for the period | 9904 | €-45k | €-33k | €-40k | €16k |
| Result to be appropriated | 9905 | €-45k | €-33k | €-40k | €16k |
Legal Structure
| NACE primary | Motion picture, video and television programme production, sound recording and music publishing activities(59203) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 17-03-2005 |
| Status | Active |
| Postal code | 3920 |
Establishment units
Kult
since 20052.146.501.617
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72342A0223/00L002 | Flanders | 2,331 m² | 1 · 191 m² | 9.0 m · 2 fl. |
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.
Updates
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
22140Motion picture, video and television programme production, sound recording and music publishing activities59203Computer programming, consultancy and related activities62010IT consultancy62020Computer programming62100Computer consultancy and computer facilities management62200
Names & trade names
| Legal nameNL | KULT |
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