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Kunstencentrum BELGIE

Active
Non-profit associationfounded 1991active for 34 yearsKoningin Astridlaan 79, 3500 Hasselt, BelgiumKBO/BCE: BE 0447.367.859
Summary

Kunstencentrum BELGIE has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,841 and a net result of -€189,891. Equity is shrinking by about 26% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 13% of 298 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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Kunstencentrum BELGIEActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Specialised image, lighting and sound technical services
NACE 90393
5th largest company by total assets in Hasselt, Arts, sports and recreation sector1 site
Size
€222,090turnover 2025
Staff
2 FTE
Equity
€87,841
Deficit
-€189,891
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
2025 accounts 1 day early2 of 9 deeds summarised
Why 90raises riskLiquidity: current ratio 0.93, cash €1,619, halvedEquity €87,841 (3.1% of total assets)lowers riskLegal form: non-profit associationFigures for financial year 2025 (filed 30-07-2026)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 20% of its sector peers (NACE 90, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 28-11
equity 3.1% of total assets
Liquidity 21-3
short-term debt 56.0% · cash 0.1%
Profitability 28=
return on assets -6.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,429 companies, NACE 90, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.2%▲ +0.1 percentage points vs 08-2025highest value 10-2025: 0.1%▼ -0.1 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026lowest value 03-2026: 0.1%▲ +0.1 percentage points vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.93, compared with 0.94 in 2024, below 1; short-term debt: 56% and cash: 0.1% of total assets), and 96.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 19% on solvency, 13% on liquidity, 25% on profitability and 25% on growth.

The bankruptcy probability was computed on 28-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
raises risk · Liquidity: current ratio 0.93, cash €1,619, halved
NBB · annual accounts
raises risk · Equity €87,841 (3.1% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 30-07-2026)
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€189,891
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 298 sector peers (2025).
NBB · sector comparison
Position among 298 sector peers
Solvency
better than 13%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
30 days late
2023
30 days early
2022
on the day
2021
31 days late
2020
30 days late
2019
31 days late
← 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 13 days after the deadline; the sector median (NACE 90) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: THIJS Davy (director)Director discharge
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Risk: 8 loss-making years in a rowloss financial year 2025 -€189,891 View
  • Caution: Equity fell in 2025from €426,475 to €87,841 ▼ 79.4% View
  • Caution: Among the weakest 6% on net resultsector median €19,823 · 298 companies -€189,891 View
  • Flemish supportawarded from 2022 to 2025 €134,025 View

By topic

Financials

Financial year
2025
Turnover
€222,090
Loss
-€189,891
Solvency
3.1%
Turnover▼ 2.8%
Net result
20182025
Go to Financials

Timeline

Events
21
Since
2007
Next accounts
by 31-07-2027
  1. 23-08-2024Resignations: KEULEN Jan, VAN DEN BOGAERT Esther…
  2. 01-07-2024Annual accounts filed
  3. 31-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Specialised image, lighting and sound technical servicesNACE 90393
Founded
06-12-1991
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Key facts about Kunstencentrum BELGIE

What is the company number of Kunstencentrum BELGIE?
0447.367.859. In Belgium the VAT number is the company number with BE in front: BE 0447.367.859.
Where is Kunstencentrum BELGIE based?
The registered office is at Koningin Astridlaan 79, 3500 Hasselt.Company details
What does Kunstencentrum BELGIE do?
According to the KBO register, the main activity is specialised image, lighting and sound technical services (NACE 90393).
What is the legal form of Kunstencentrum BELGIE?
Non-profit association (VZW).
When was Kunstencentrum BELGIE founded?
On 06-12-1991.
Is Kunstencentrum BELGIE still active?
Yes, Kunstencentrum BELGIE is an active enterprise in the KBO register.
How many employees does Kunstencentrum BELGIE have?
On average 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Kunstencentrum BELGIE?
€222,090 in financial year 2025, according to the filed annual accounts.
Is Kunstencentrum BELGIE profitable?
In financial year 2025, Kunstencentrum BELGIE made a loss of €189,891.
Where can I find the annual accounts of Kunstencentrum BELGIE?
Kunstencentrum BELGIE filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Kunstencentrum BELGIE due?
By 31-07-2027, for financial year 2026.Timeline

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