Negen
ActiveSummary
Negen has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,908 and a net result of -€4,574. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 2026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-16
Solvency63▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.22 in 2024; short-term debt: 40.8% and cash: 43.6% of total assets), and 61.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 2025Solvency, return and age of the figures
Solvency
38.2%
Return on assets
-4.7%
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 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
1 d late
2023
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% 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. Usually files around 31 August (3 of the last 3 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€36,908▼ 11.0%
2024 · €41,482
Total assets
€96,742▼ 14.1%
2024 · €112,653
Net result
-€4,574
2024 · €9,441
Working capital
€11,513▲ 27.8%
2024 · €9,011
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€44,125-€15,436▼ 65.0%-€1,852
Net result€31,041above the sector's middle half-€9,441within the sector's middle half▼ 69.6%-€4,574below the sector's middle half
Equity€32,041within the sector's middle half-€41,482within the sector's middle half▲ 29.5%€36,908within the sector's middle half▼ 11.0%
Total assets€56,477within the sector's middle half-€112,653within the sector's middle half▲ 99.5%€96,742within the sector's middle half▼ 14.1%
Debt€24,436-€71,171▲ 191%€59,834▼ 15.9%
Working capital€2,238within the sector's middle half-€9,011within the sector's middle half▲ 303%€11,513within the sector's middle half▲ 27.8%
Solvency56.7%within the sector's middle half-36.8%within the sector's middle half▼ 19.9pp38.2%within the sector's middle half▲ 1.3pp
Current ratio1.09within the sector's middle half-1.22within the sector's middle half▲ 0.121.29within the sector's middle half▲ 0.08
Return on assets (ROA)55.0%above the sector's middle half-8.4%within the sector's middle half▼ 46.6pp-4.7%below the sector's middle half▼ 13.1pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,852 after €15,436 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96,742
Fixed assets
€45,806 ▼ 26.0%
Current assets
€50,936 ▲ 0.4%
Equity and liabilities €96,742
Equity
€36,908 ▼ 11.0%
Debt
€59,834 ▼ 15.9%
Debt's share of the balance-sheet total falls from 63.2% to 61.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13,580▼
2024 · €30,177
Cash flow
€10,858▼
2024 · €24,183
Debt to equity
1.62▼
2024 · 1.72
ROE
-12.4%▼
2024 · 22.8%
Interest coverage
9.07▼
2024 · 18.46
Debt ≤ 1 year
€39,423▼
2024 · €41,743
Debt > 1 year
€20,246▼
2024 · €29,428
Income taxes
€507▼
2024 · €4,361
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,148 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
5.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 2,148 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €4 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,949 | €14,741 | €15,432 | ▲ 4.7% |
| Other operating charges640/8 | €1,071 | €2,307 | €2,134 | ▼ 7.5% |
| Non-recurring operating charges66A | - | €722 | - | - |
| Gross operating margin9900 | €53,145 | €33,207 | €15,714 | ▼ 52.7% |
| Operating profit (loss)9901 | €44,125 | €15,436 | -€1,852 | ▼ 112% |
| Financial income75/76B | - | €0 | - | - |
| Recurring financial income75 | - | €0 | - | - |
| Financial charges65/66B | €233 | €1,634 | €2,215 | ▲ 35.5% |
| Recurring financial charges65 | €233 | €1,634 | €1,497 | ▼ 8.4% |
| Non-recurring financial charges66B | - | - | €719 | - |
| Profit (loss) for the period before taxes9903 | €43,892 | €13,802 | -€4,067 | ▼ 129% |
| Income taxes67/77 | €12,852 | €4,361 | €507 | ▼ 88.4% |
| Profit (loss) for the period9904 | €31,041 | €9,441 | -€4,574 | ▼ 148% |
| Profit (loss) for the period to be appropriated9905 | €31,041 | €9,441 | -€4,574 | ▼ 148% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €56,477 | €112,653 | €96,742 | ▼ 14.1% |
| Fixed assets21/28 | €29,802 | €61,899 | €45,806 | ▼ 26.0% |
| Intangible fixed assets21 | €899 | €699 | €499 | ▼ 28.5% |
| Tangible fixed assets22/27 | €28,903 | €61,200 | €45,307 | ▼ 26.0% |
| Plant, machinery and equipment23 | €12,298 | €8,917 | €5,833 | ▼ 34.6% |
| Furniture and vehicles24 | €16,606 | €52,284 | €39,473 | ▼ 24.5% |
| Current assets29/58 | €26,675 | €50,754 | €50,936 | ▲ 0.4% |
| Amounts receivable within one year40/41 | €11,081 | €4,417 | €8,034 | ▲ 81.9% |
| Trade receivables40 | €10,900 | €4,417 | €8,034 | ▲ 81.9% |
| Other amounts receivable41 | €181 | - | - | - |
| Cash at bank and in hand54/58 | €15,258 | €46,337 | €42,194 | ▼ 8.9% |
| Deferred charges and accrued income490/1 | €336 | - | €708 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €56,477 | €112,653 | €96,742 | ▼ 14.1% |
| Equity10/15 | €32,041 | €41,482 | €36,908 | ▼ 11.0% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €31,041 | €40,482 | €40,482 | = |
| Distributable reserves133 | €31,041 | €40,482 | €40,482 | = |
| Profit (loss) carried forward14 | - | - | -€4,574 | - |
| Amounts payable17/49 | €24,436 | €71,171 | €59,834 | ▼ 15.9% |
| Amounts payable after more than one year17 | - | €29,428 | €20,246 | ▼ 31.2% |
| Financial debts170/4 | - | €29,428 | €20,246 | ▼ 31.2% |
| Amounts payable within one year42/48 | €24,436 | €41,743 | €39,423 | ▼ 5.6% |
| Current portion of amounts payable after more than one year42 | - | €8,851 | €9,182 | ▲ 3.7% |
| Trade debts44 | €2,857 | €7,563 | €3,059 | ▼ 59.6% |
| Suppliers440/4 | €2,857 | €7,563 | €3,059 | ▼ 59.6% |
| Taxes, remuneration and social security45 | €15,260 | €22,459 | €11,371 | ▼ 49.4% |
| Taxes450/3 | €15,260 | €22,459 | €11,371 | ▼ 49.4% |
| Other amounts payable47/48 | €6,319 | €2,870 | €15,812 | ▲ 451% |
| Accrued charges and deferred income492/3 | - | - | €165 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,041 | €9,441 | -€4,574 | ▼ 148% |
| + Depreciation and write-downs630 | €7,949 | €14,741 | €15,432 | ▲ 4.7% |
| Operating cash flow (approximation) | €38,990 | €24,183 | €10,858 | ▼ 55.1% |
| Investment in fixed assets (approximation) | - | -€46,838 | €661 | ▲ 101% |
| Change in cash | - | €31,079 | -€4,142 | ▼ 113% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€4,574
Net result drops to -€4,574, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 2023
Ground area
1,234 m²
Building footprint
175 m²
Volume, LiDAR
725 m³
Parcel 34016C0325/02B003, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Negen
since 20232.339.981.181
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0325/02B003 | Flanders | 1,234 m² | 1 · 175 m² | 5.4 m · 1 fl. |
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.
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Triple M
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Of 3,395 companies in sector 90393 we hold annual accounts for 942. 719 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
43320Joinery installation
43990Other specialised construction activities
59120Post-production of films, video and television programmes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0795918454
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.