LE FESTIVAL

Active

Public limited companyfounded 198937 yrs activeRue de La-Roche, Rendeux 89, 6987 Rendeux, BelgiumKBO/BCE: BE 0436.629.563

LE FESTIVAL has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €753k and a net result of €-127k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 493 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

27 / 100

Weak▼ -28 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency27▼-73

Growth52=

Stability100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €20k at 30 days only on tighter terms

Liquidity tight (current ratio 1.14 against 2.43 in 2023), and 80.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 2024

Solvency, return and age of the figures

Solvency

19.7%

Return on assets

-3.3%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 55

Relative position

BE, all sectors

reference

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year -€127k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-12-2025, 143 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

143 d late

2023

65 d late

2022

14 d early

2021

1 d late

2020

5 d early

2019

25 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-127k▼ 61.6%

2023 · €-79k

2018: €64k 2019: €46k 2020: €172k 2021: €57k 2022: €131k 2023: €-79k

2018 → 2024

Working capital

€108k▼ 72.5%

2023 · €394k

2018: €45k 2019: €8k 2020: €224k 2021: €312k 2022: €446k 2023: €394k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€771k-€828k▲ 7.4%€959k▲ 15.9%€3.18M▲ 232%€753k▼ 76.3%

Operating result€202k-€170k▼ 16.0%€123k▼ 27.7%€-54k€-119k▼ 122%

Net result€172k-€57k▼ 66.9%€131k▲ 130%€-79k€-127k▼ 61.6%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €119k in 2024 against €54k in 2023; the loss grows and 2024 is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €3.82M

77.5%

22.5%

Fixed assets €2.96M▲ 5.9%

Current assets €859k▲ 28.4%

Equity and liabilities €3.82M

19.7%

80.3%

Equity €753k▼ 76.3%

Debt €3.07M▲ 974%

The debt ratio rises from 8.2% to 80.3%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-61k▼

2023 · €-5k

Cash flow

€-69k▼

2023 · €-30k

Solvency

19.7%▼

2023 · 91.8%

Current ratio

1.14▼

2023 · 2.43

Quick ratio

1.13▼

2023 · 2.40

Debt / equity

4.07▲

2023 · 0.09

ROE

-16.9%▼

2023 · -2.5%

ROA

-3.3%▼

2023 · -2.3%

Interest coverage

-31.96▼

2023 · -3.95

Debt

€3.07M▲

2023 · €286k

Debt ≤ 1 year

€750k▲

2023 · €275k

Debt > 1 year

€2.30M

Staff costs

€320k▲

2023 · €319k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€3.47M€3.82M▲

Fixed assets21/28€2.80M€2.96M▲

Intangible fixed assets21€0€0=

Tangible fixed assets22/27€496k€661k▲

Land and buildings22€455k€467k▲

Plant, machinery and equipment23€41k€193k▲

Financial fixed assets28€2.30M€2.30M=

Current assets29/58€669k€859k▲

Stocks and contracts in progress3€8k€14k▲

Stocks30/36€8k€14k▲

Amounts receivable within one year40/41€603k€840k▲

Trade receivables40€507k€500k▼

Other amounts receivable41€96k€339k▲

Cash at bank and in hand54/58€57k€4k▼

Deferred charges and accrued income490/1€1k€1k▼

Equity and liabilities

Total equity and liabilities10/49€3.47M€3.82M▲

Equity10/15€3.18M€753k▼

Contributions10/11€260k€260k=

Capital10€260k€260k=

Issued capital100€260k€260k=

Reserves13€73k€73k=

Non-distributable reserves130/1€26k€26k=

Reserves not available under the articles1311€26k€26k=

Tax-exempt reserves132€1k€1k=

Distributable reserves133€46k€46k=

Profit (loss) carried forward14€547k€420k▼

Investment grants15€2.30M-

Amounts payable17/49€286k€3.07M▲

Amounts payable after more than one year17-€2.30M

Financial debts170/4-€2.30M

Amounts payable within one year42/48€275k€750k▲

Trade debts44€171k€256k▲

Suppliers440/4€171k€256k▲

Taxes, remuneration and social security45€30k€11k▼

Taxes450/3€13k€2k▼

Remuneration and social security454/9€17k€9k▼

Other amounts payable47/48€74k€484k▲

Accrued charges and deferred income492/3€10k€16k▲

Income statement Code20232024

Remuneration, social security and pensions62€319k€320k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€58k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-14k€-10k▲

Other operating charges640/8€90k€70k▼

Gross operating margin9900€389k€319k▼

Operating profit (loss)9901€-54k€-119k▼

Financial income75/76B€3k€10k▲

Recurring financial income75€3k€2k▼

Non-recurring financial income76B-€8k

Financial charges65/66B€3k€17k▲

Recurring financial charges65€1k€2k▲

Non-recurring financial charges66B€2k€16k▲

Profit (loss) for the period before taxes9903€-54k€-127k▼

Income taxes67/77€25k-

Profit (loss) for the period9904€-79k€-127k▼

Profit (loss) for the period to be appropriated9905€-79k€-127k▼

Appropriation of the result

Profit (loss) to be appropriated9906€547k€420k▼

Profit (loss) brought forward from the previous period14P€625k€547k▼

Social balance

Average headcount (FTE)90875.06.0▲

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

21-12

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 143 days late

2024

31-12

Financial Weakest financial yearnet €-127k

Net result drops to €-127k, the lowest in the series.

04-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 65 days late

2023

31-12

Financial Equity above €2MEq €3.18M ▲232%

Equity rises from €959k to €3.18M.

17-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

01-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 1 day late

2021

26-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Highest result since 2018net €172k ▲277%

Operating result €202k, net result €172k, both a record.

31-12

Financial Liquidity triplescurrent ratio 2.67

Current ratio from 1.01 to 2.67; short-term debt falls from €589k to €134k.

06-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

12-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 12 days late

2018

12-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 43 days late

2017

02-11

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 94 days late

2016

12-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 12 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

11 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, Rendeux · 1 establishment unit since 1989

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue de La-Roche, Rendeux 896987 Rendeux

1 establishment unit

LE FESTIVAL

Rue de La-Roche, Rendeux 89, 6987 RendeuxNACE 52112

since 19892.042.270.959