LE THEATRE
ActiveLE THEATRE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-50k) and a net result of €-279k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 12% of 691 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-77
Solvency14▼-54
Growth37▼-31
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 1.75 in 2023; short-term debt: 53.3% and cash: 13.2% of total assets), and equity is negative.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Sector 87
lower
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
-11.1%
Return on assets
-61.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-50k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
15 d early
2022
13 d early
2021
13 d early
2020
11 d early
2019
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€1.15M▲ 1.8%
2023 · €1.13M
2018: €897k
2019: €915k
2020: €946k
2021: €954k
2022: €1.07M
2023: €1.13M
2018 → 2024
EBIT margin
-21.1%▼ 28.7pp
2023 · 7.6%
2018: 3.5%
2019: 2.8%
2020: 3.8%
2021: -1.4%
2022: 3.9%
2023: 7.6%
2018 → 2024
Net result
€-279k
2023 · €56k
2018: €14k
2019: €11k
2020: €20k
2021: €-19k
2022: €35k
2023: €56k
2018 → 2024
Working capital
€-4k
2023 · €143k
2018: €21k
2019: €110k
2020: €96k
2021: €43k
2022: €109k
2023: €143k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€946k-€954k▲ 0.8%€1.07M▲ 12.4%€1.13M▲ 5.2%€1.15M▲ 1.8%
Equity€182k-€163k▼ 10.4%€199k▲ 21.4%€240k▲ 20.9%€-50k
Operating result€36k-€-13k€42k€85k▲ 103%€-242k
Net result€20k-€-19k€35k€56k▲ 58.5%€-279k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €242k after €85k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €454k
Fixed assets
€216k▼ 3.7%
Current assets
€238k▼ 29.1%
Key figures and ratios
EBITDA
€-194k▼
2023 · €136k
Cash flow
€-231k▼
2023 · €106k
Solvency
-11.1%▼
2023 · 42.9%
Current ratio
0.98▼
2023 · 1.75
Quick ratio
0.98▼
2023 · 1.75
Debt / equity
-10.03▼
2023 · 1.33
ROA
-61.5%▼
2023 · 9.9%
Interest coverage
-4.97▼
2023 · 28.36
Debt
€504k▲
2023 · €320k
Debt ≤ 1 year
€242k▲
2023 · €192k
Debt > 1 year
€261k▲
2023 · €87k
Income taxes
€839▼
2023 · €25k
Staff costs
€714k▲
2023 · €567k
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€560k€454k▼
Fixed assets21/28€224k€216k▼
Tangible fixed assets22/27€224k€216k▼
Land and buildings22€130k€126k▼
Furniture and vehicles24€95k€90k▼
Current assets29/58€336k€238k▼
Amounts receivable within one year40/41€180k€176k▼
Trade receivables40€137k€136k▼
Other amounts receivable41€43k€41k▼
Cash at bank and in hand54/58€155k€60k▼
Deferred charges and accrued income490/1€104€2k▲
Equity and liabilities
Total equity and liabilities10/49€560k€454k▼
Equity10/15€240k€-50k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€89k€77k▼
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€86k€75k▼
Profit (loss) carried forward14€51k€-228k▼
Amounts payable17/49€320k€504k▲
Amounts payable after more than one year17€87k€261k▲
Financial debts170/4€59k€233k▲
Other amounts payable178/9€28k€28k=
Amounts payable within one year42/48€192k€242k▲
Current portion of amounts payable after more than one year42€22k€72k▲
Trade debts44€69k€85k▲
Suppliers440/4€69k€85k▲
Taxes, remuneration and social security45€84k€70k▼
Taxes450/3€53k€35k▼
Remuneration and social security454/9€31k€35k▲
Other amounts payable47/48€17k€15k▼
Accrued charges and deferred income492/3€41k€1k▼
Income statement
Code20232024
Turnover70€1.13M€1.15M▲
Goods, raw materials, services and sundry goods60/61€425k€398k▼
Remuneration, social security and pensions62€567k€714k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€49k▼
Other operating charges640/8€702€231k▲
Gross operating margin9900€703k€751k▲
Operating profit (loss)9901€85k€-242k▼
Financial income75/76B€121€3k▲
Recurring financial income75€121€3k▲
Financial charges65/66B€5k€39k▲
Recurring financial charges65€5k€39k▲
Profit (loss) for the period before taxes9903€81k€-278k▼
Income taxes67/77€25k€839▼
Profit (loss) for the period9904€56k€-279k▼
Profit (loss) for the period to be appropriated9905€56k€-279k▼
Appropriation of the result
Profit (loss) to be appropriated9906€107k€-228k▼
Profit (loss) brought forward from the previous period14P€51k€51k=
Transfer to equity691/2€56k-
To other reserves6921€56k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-279k ▼603%
Net result drops to €-279k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €56k ▲58.5%
Operating result €85k, net result €56k, both a record.
31-12
Financial
Equity above €200kEq €240k ▲20.9%
2 profitable years in a row build equity to €240k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
2016
02-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tournai · 1 establishment unit since 2006
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 Perdue(TOU) 187500 TournaiGround area
1,489 m²
Building footprint
813 m²
Volume, LiDAR
13,813 m³
Parcel 57081F0710/00B000, Wallonia · tallest building 21.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
LE THEATRE
since 20062.156.138.071
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57081F0710/00B000 | Wallonia | 1,489 m² | 1 · 813 m² | 21.8 m · 6 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.156.138.071
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Of 150 companies in sector 87302 we hold annual accounts for 85. 63 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-08-2006
Fiscal year end31-12
Activities, NACEBEL
55101Hotels
85315
87301Residential care activities
87302Residential care activities
55100Hotels and similar accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.