LOD
ActiveSummary
LOD has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €576,062 and a net result of €109,118. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability86▲+77
Solvency98▲+14
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 3.78 against 2.41 in 2023; short-term debt: 25.4% and cash: 51.8% of total assets), and 27.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.6%
Return on assets
13.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
6 d late
2023
55 d early
2022
39 d late
2021
39 d early
2020
3 d early
2019
65 d early
2018
104 d early
← 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 32 days before the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€109,118
2023 · -€64,587
Working capital
€559,343▲ 25.0%
2023 · €447,301
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result€158,906▲ 81.4%-€10,081€7,454-€26,105€164,206-
Net result€135,709▲ 324%-€22,839-€11,920▲ 47.8%-€64,587▼ 442%€109,118-
Equity€568,605▲ 31.3%€545,766▼ 4.0%€533,845▼ 2.2%€469,258▼ 12.1%€576,062-
Total assets€938,600▲ 18.9%€1.2m▲ 31.1%€909,419▼ 26.1%€798,667▼ 12.2%€793,587-
Debt€369,995▲ 3.8%€684,305▲ 84.9%€375,574▼ 45.1%€329,409▼ 12.3%€217,525-
Working capital€610,168▲ 69.9%€834,619▲ 36.8%€593,560▼ 28.9%€447,301▼ 24.6%€559,343-
Staff (FTE)16▼ 3.6%19.5▲ 21.9%19.3▼ 1.0%21.2▲ 9.8%11.1-
Result per fiscal year
Operating resultNet result
The operating result is €164,206 in 2025, compared with -€26,105 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €793,587
Fixed assets
€32,896 ▼ 3.2%
Current assets
€760,691 ▼ 0.5%
Equity and liabilities €793,587
Equity
€576,062 ▲ 22.8%
Debt
€217,525 ▼ 34.0%
Debt's share of the balance-sheet total falls from 41.2% to 27.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€178,776▲
2023 · -€4,371
Cash flow
€123,688▲
2023 · -€42,853
Current ratio
3.78▲
2023 · 2.41
Debt to equity
0.38▼
2023 · 0.70
ROE
18.9%▲
2023 · -13.8%
ROA
13.7%▲
2023 · -8.1%
Interest coverage
20.95▲
2023 · -0.11
Debt ≤ 1 year
€201,348▼
2023 · €317,379
Income taxes
€46,827
Staff costs
€904,992▼
2023 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12,291 | €618 | €110 | €67,858 | - |
| Remuneration, social security and pensions62 | - | €1.1m | €1.3m | €1.3m | €904,992 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,266 | €28,956 | €23,686 | €21,734 | €14,571 | - |
| Other operating charges640/8 | - | €1,398 | €2,136 | €2,119 | €9,126 | - |
| Non-recurring operating charges66A | - | €55 | €4,019 | €350 | €600 | - |
| Gross operating margin9900 | €1.2m | €1.1m | €1.4m | €1.3m | €1.1m | - |
| Operating profit (loss)9901 | €158,906 | -€10,081 | €7,454 | -€26,105 | €164,206 | - |
| Financial income75/76B | - | €77 | €0 | €110 | €274 | - |
| Recurring financial income75 | €0 | €77 | €0 | €110 | €274 | - |
| Financial charges65/66B | - | €12,835 | €18,710 | €38,593 | €8,535 | - |
| Recurring financial charges65 | €9,190 | €12,835 | €18,710 | €38,593 | €8,535 | - |
| Profit (loss) for the period before taxes9903 | €149,717 | -€22,839 | -€11,256 | -€64,587 | €155,944 | - |
| Income taxes67/77 | €14,008 | - | €664 | - | €46,827 | - |
| Profit (loss) for the period9904 | €135,709 | -€22,839 | -€11,920 | -€64,587 | €109,118 | - |
| Profit (loss) for the period to be appropriated9905 | €135,709 | -€22,839 | -€11,920 | -€64,587 | €109,118 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €938,600 | €1.2m | €909,419 | €798,667 | €793,587 | - |
| Fixed assets21/28 | €54,857 | €39,864 | €38,695 | €33,987 | €32,896 | - |
| Tangible fixed assets22/27 | €54,857 | €39,864 | €38,695 | €33,987 | €32,896 | - |
| Land and buildings22 | - | - | - | - | €16,427 | - |
| Plant, machinery and equipment23 | - | €16,936 | €19,665 | €18,856 | €9,136 | - |
| Furniture and vehicles24 | - | €22,928 | €19,029 | €15,131 | €7,333 | - |
| Current assets29/58 | €883,743 | €1.2m | €870,724 | €764,680 | €760,691 | - |
| Amounts receivable within one year40/41 | €298,958 | €477,821 | €474,165 | €466,077 | €337,406 | - |
| Trade receivables40 | - | €225,043 | €141,559 | €291,717 | €78,106 | - |
| Other amounts receivable41 | - | €252,778 | €332,606 | €174,360 | €259,300 | - |
| Cash at bank and in hand54/58 | €576,687 | €650,447 | €388,412 | €292,366 | €410,967 | - |
| Deferred charges and accrued income490/1 | - | €61,938 | €8,147 | €6,237 | €12,318 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €938,600 | €1.2m | €909,419 | €798,667 | €793,587 | - |
| Equity10/15 | €568,605 | €545,766 | €533,845 | €469,258 | €576,062 | - |
| Reserves13 | - | €300,000 | €300,000 | €300,000 | €300,000 | - |
| Profit (loss) carried forward14 | €268,605 | €245,766 | €233,845 | €169,258 | €276,062 | - |
| Amounts payable17/49 | €369,995 | €684,305 | €375,574 | €329,409 | €217,525 | - |
| Amounts payable within one year42/48 | €273,575 | €355,587 | €277,165 | €317,379 | €201,348 | - |
| Trade debts44 | €139,028 | €227,111 | €117,712 | €165,289 | €72,037 | - |
| Suppliers440/4 | - | €227,111 | €117,712 | €165,289 | €72,037 | - |
| Taxes, remuneration and social security45 | - | €128,476 | €159,453 | €152,070 | €129,311 | - |
| Taxes450/3 | - | €3,041 | €39 | €3,058 | €47,044 | - |
| Remuneration and social security454/9 | - | €125,435 | €159,414 | €149,012 | €82,266 | - |
| Accrued charges and deferred income492/3 | - | €328,717 | €98,409 | €12,030 | €16,177 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €135,709 | -€22,839 | -€11,920 | -€64,587 | €109,118 | - |
| + Depreciation and write-downs630 | €43,266 | €28,956 | €23,686 | €21,734 | €14,571 | - |
| Operating cash flow (approximation) | €178,975 | €6,116 | €11,765 | -€42,853 | €123,688 | - |
| Investment in fixed assets (approximation) | - | -€13,963 | -€22,516 | -€17,026 | - | - |
| Change in cash | - | €73,760 | -€262,035 | -€96,046 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 6 days late
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
31-12
Financial
Back to profitnet €109,118
Net result €109,118 after 3 loss-making years.
31-12
Financial
Equity above €500,000Eq €576,062 ▲22.8%
Equity rises from €469,258 to €576,062.
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€64,587
Net result drops to -€64,587, the lowest in the series; recovery starts the following year.
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 39 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €135,709 ▲324%
Net result €135,709, the highest in the series.
31-12
Financial
Equity above €500,000Eq €568,605 ▲31.3%
3 profitable years in a row build equity to €568,605.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
18-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 118 days late
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts
We know of 21 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
21 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, Gent · 1 establishment unit since 2006
Ground area
700 m²
Parcel 44806F0651/00V000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
LOD vzw
since 20062.156.375.029
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44806F0651/00V000 | Flanders | 700 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 4,994,293 EUR awarded · 4,869,300 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,258,743 EUR | 1,250,265 EUR |
| 2024 | 1 | 1,229,260 EUR | 1,221,086 EUR |
| 2023 | 2 | 1,205,288 EUR | 1,223,258 EUR |
| 2022 | 1 | 1,301,002 EUR | 1,174,691 EUR |
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Of 8,313 companies in sector 90201 we hold annual accounts for 601. 321 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded10-01-1989
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
90202Performing arts by artistic ensembles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436199397
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.