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KUNSTENFESTIVALDESARTS

Active
Non-profit associationfounded 1991active for 34 yearsHandelskaai 18, 1000 Brussel, Belgium11 active companies are registered at this addressKBO/BCE: BE 0446.277.303
Summary

KUNSTENFESTIVALDESARTS has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €354,283 and a net result of €68,615. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 75% of 298 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
KUNSTENFESTIVALDESARTSActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Promotion and organisation of arts and performing arts events
NACE 90391
8th fastest staff growth in the Brussels-Capital Region, Creative and performing arts sector1 site
Size
≈ €2.2mturnover 2025, estimated
Staff
17.2 FTE
Equity
€354,283
Surplus
€68,615
Turnover estimated from the gross margin
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
6 members
2025 accounts filed 28 days late5 of 28 deeds summarised
Why 97lowers riskLegal form: non-profit associationLiquidity: current ratio 3.22, cash €203,977Equity €354,283 (67.9% of total assets)Founded in 1991Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 79% of its sector peers (NACE 90, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 93+16
equity 67.9% of total assets
Liquidity 86+2
short-term debt 31.0% · cash 39.1%
Profitability 85+83
return on assets 13.2%
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% (225 companies, NACE 90, small)
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: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged 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%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged 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 07-2026highest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.22, compared with 2.74 in 2024, above the usual 1.5; short-term debt: 31% and cash: 39.1% of total assets), and 32.1% 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, small): better than 80% on solvency, 77% on liquidity, 84% on profitability and 76% 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

Five signals.
lowers riskraises risk
lowers risk · Legal form: non-profit association
KBO
lowers risk · Liquidity: current ratio 3.22, cash €203,977
NBB · annual accounts
lowers risk · Equity €354,283 (67.9% of total assets)
NBB · annual accounts
lowers risk · Founded in 1991
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
28 days late
2024
27 days late
2023
28 days early
2022
39 days early
2021
66 days late
2020
73 days early
2019
27 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 1 day 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 27 August (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations: Kristiaan Borret, Bart Eeckhout and…Gazette deed
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignations: Kristiaan Borret, Bart Eeckhout and…Gazette deed

Key points

  • Positive: Back in profit in 2025after -€75,859 in 2024 €68,615 View
  • Positive: 8th fastest staff growth in the Brussels-Capital Region, Creative and performing arts…in the Checked rankings No. 8 View
  • Directors leftlatest change 18-09-2026 · 6 in office 3 left View
  • Flemish supportawarded from 2022 to 2025 €4.8m View

By topic

Financials

Financial year
2025
Total assets
€521,713
Profit
€68,615
Solvency
67.9%
Total assets▼ 5.9%
Net result
20182025
Go to Financials

Board & ownership

Board
6 members
  • Anne PètreDirector
  • Liesbeth DriesenDirector
  • Martine EyckermanDirector
  • Nora MahammedDirector
  • Sana OuchtatiDirector

and 1 other director

Go to Board & ownership

Timeline

Events
31
Since
2007
Next accounts
by 31-07-2027
  1. 31-12-2025Back to profit
  2. 27-08-2025Annual accounts filed
  3. 03-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Promotion and organisation of arts and performing arts…NACE 90391
Founded
27-12-1991
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
37
Purpose
“Organisatie van artistieke projecten, uitnodigen van binnen- en buitenlandse artistíeke…” (deed in Dutch)
Go to Articles of association

Key facts about KUNSTENFESTIVALDESARTS

What is the company number of KUNSTENFESTIVALDESARTS?
0446.277.303. In Belgium the VAT number is the company number with BE in front: BE 0446.277.303.
Where is KUNSTENFESTIVALDESARTS based?
The registered office is at Handelskaai 18, 1000 Brussel.Company details
What does KUNSTENFESTIVALDESARTS do?
According to the KBO register, the main activity is promotion and organisation of arts and performing arts events (NACE 90391).
What is the legal form of KUNSTENFESTIVALDESARTS?
Non-profit association (VZW).
When was KUNSTENFESTIVALDESARTS founded?
On 27-12-1991.
Is KUNSTENFESTIVALDESARTS still active?
Yes, KUNSTENFESTIVALDESARTS is an active enterprise in the KBO register.
How many employees does KUNSTENFESTIVALDESARTS have?
On average 17.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of KUNSTENFESTIVALDESARTS?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is KUNSTENFESTIVALDESARTS profitable?
In financial year 2025, KUNSTENFESTIVALDESARTS made a profit of €68,615.
Where can I find the annual accounts of KUNSTENFESTIVALDESARTS?
KUNSTENFESTIVALDESARTS filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of KUNSTENFESTIVALDESARTS due?
By 31-07-2027, for financial year 2026.Timeline

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