MICHAËL BORREMANS

Limited partnershipfounded 2004active for 21 yearsWittemolenstraat 111, 9040 Gent, BelgiumKBO/BCE: BE 0869.889.862

Summary

MICHAËL BORREMANS has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2018 annual accounts show equity of €15.0m and a net result of €2.5m. The computed 12-month bankruptcy probability is below 0.1% (very low).

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MICHAËL BORREMANSActive

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Activity

Performing arts by independent artists

NACE 90201Literary creation NACE 90111

1 site

Size

€15.1mtotal assets 2018

Equity: €15.0m
Profit: €2.5m

Turnover not published (abbreviated format)

Financial health

Bankruptcy probabilitywithin 12 months: < 0.1%

2018 figures too old to score

Structure

2019 accounts not filed, 2278 days past the deadline3 deeds in the Belgian Official Gazette

Signalsraises riskFigures for financial year 2018 (filed 27-08-2019)2018 accounts filed 21 days latelowers riskLiquidity: current ratio 98.94, cash €6.4mSector: Arts creation and performing arts activities (NACE 90)Equity €15.0m (99.3% of total assets)neutralNo filing for yearsShow the evidence

Bankruptcy probability

No current score

Figures too old

The available figures for FY 2018 are too old to assess current financial health.

Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.

Financial strength, FY 2018

Strong

Solvency 100

equity 99.3% of total assets

Liquidity 100

short-term debt 0.5% · cash 42.6%

Profitability 79

return on assets 16.6%

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% (31 companies, NACE 90, medium-sized)

Last 24 months 11-2024: < 0.1%highest value 12-2024: < 0.1%● unchanged vs 11-2024highest value 01-2025: < 0.1%● unchanged vs 12-2024highest value 02-2025: < 0.1%● unchanged vs 01-2025highest value 03-2025: < 0.1%● unchanged vs 02-2025highest value 04-2025: < 0.1%● unchanged vs 03-2025highest value 05-2025: < 0.1%● unchanged vs 04-2025highest value 06-2025: < 0.1%● unchanged vs 05-2025highest value 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025highest value 09-2025: < 0.1%● unchanged vs 08-2025highest value 10-2025: < 0.1%● unchanged vs 09-2025highest value 11-2025: < 0.1%● unchanged vs 10-2025highest value 12-2025: < 0.1%● unchanged vs 11-2025highest value 01-2026: < 0.1%● unchanged vs 12-2025highest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value

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Signals

Six signals.

lowers riskraises riskneutral

Figures for financial year 2018 (filed 27-08-2019)

NBB · annual accounts

Liquidity: current ratio 98.94, cash €6.4m

NBB · annual accounts

Sector: Arts creation and performing arts activities (NACE 90)

KBO

Equity €15.0m (99.3% of total assets)

NBB · annual accounts

No filing for years

The last filed financial year closed on 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2019 year end31-07-2020 deadline26-10-2026 today

2018 accounts filed 21 days late

The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 21-08-2019, 21 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 · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

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 (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

21-08-2019 Annual accounts filedfinancial year 2018 · abbreviated…
22-06-2018 Annual accounts filedfinancial year 2017 · abbreviated…
10-08-2017 Annual accounts filedfinancial year 2016 · abbreviated…

Key points

Risk: 2019 accounts not fileddeadline was 31-07-2020 2278 days past the deadline View
Active since 2004founded 28-10-2004 21 years View
Total assets 2018first financial year filed €15.1m View

By topic

Financials

Financial year: 2018
Total assets: €15.1m
Profit: €2.5m
Solvency: 99.3%

Go to Financials

Timeline

Events: 14
Since: 2006

10-02-2017Annual accounts filed
30-09-2016Annual accounts filed
26-08-2015Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Limited partnership
Activity: Performing arts by independent artistsNACE 90201
Founded: 28-10-2004
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about MICHAËL BORREMANS

What is the company number of MICHAËL BORREMANS?: 0869.889.862. In Belgium the VAT number is the company number with BE in front: BE 0869.889.862.
Where is MICHAËL BORREMANS based?: The registered office is at Wittemolenstraat 111, 9040 Gent.Company details
What does MICHAËL BORREMANS do?: According to the KBO register, the main activity is performing arts by independent artists (NACE 90201).
What is the legal form of MICHAËL BORREMANS?: Limited partnership (CommV).
When was MICHAËL BORREMANS founded?: On 28-10-2004.
Is MICHAËL BORREMANS still active?: Yes, MICHAËL BORREMANS is an active enterprise in the KBO register.
What is the turnover of MICHAËL BORREMANS?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is MICHAËL BORREMANS profitable?: In financial year 2018, MICHAËL BORREMANS made a profit of €2.5m.
Where can I find the annual accounts of MICHAËL BORREMANS?: MICHAËL BORREMANS filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2018.