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NIXAS

Active
Private limited companyfounded 2001active for 25 yearsSt.-Gerebernusstraat 34B, 2440 Geel, BelgiumKBO/BCE: BE 0474.842.813
Summary

The annual accounts of NIXAS for financial year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €98,544 and a net result of -€138,211. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 25% of 2,474 sector peers (NACE 90, financial year 2025). The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
NIXASActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Performing arts by artistic ensembles
NACE 90202
10th oldest company in Geel, Arts, sports and recreation sector1 site
Size
€684,912total assets 2025
Equity
€98,544
Loss
-€138,211
Turnover not published (micro format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
2025 accounts 57 days early1 of 2 deeds summarised
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €138,211, the second in a row (financial year 2025)Liquidity: current ratio 0.04, cash €13,337lowers riskSize: total assets €684,912Sector: Arts creation and performing arts activities (NACE 90)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 12% of its sector peers (NACE 90, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 39-21
equity 14.4% of total assets
Liquidity 5-13
short-term debt 85.6% · cash 1.9%
Profitability 0=
return on assets -20.2%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,429 companies, NACE 90, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025lowest value 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026highest value 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €5,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.04, compared with 0.06 in 2024, below 1; short-term debt: 85.6% and cash: 1.9% of total assets), and 85.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 90, micro): better than 26% on solvency, 5% on liquidity, 7% on profitability and 11% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €684,912
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €138,211, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Sector: Arts creation and performing arts activities (NACE 90)
KBO
raises risk · Liquidity: current ratio 0.04, cash €13,337
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€138,211
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 2474 sector peers (2025).
NBB · sector comparison
Position among 2474 sector peers
Solvency
better than 25%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
57 days early
2024
9 days early
2023
21 days early
2022
42 days early
2021
16 days early
2020
34 days late
2019
4 days 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 16 days before the deadline; 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 (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet -€138,211
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€138,211 View
  • Caution: Among the weakest 5% on net resultsector median €6,331 · 2,470 companies -€138,211 View
  • Caution: Equity fell in 2025from €236,755 to €98,544 ▼ 58.4% View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

By topic

Financials

Financial year
2025
Total assets
€684,912
Loss
-€138,211
Solvency
14.4%
Total assets▲ 0.6%
Net result
20182025
Go to Financials

Timeline

Events
30
Since
2002
Next accounts
by 31-07-2027
  1. 10-07-2024Annual accounts filed
  2. 31-12-2023Equity above €200,000
  3. 06-07-2023Resignations: PAUWELS Gitte (manager) and SAS Dominic…
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Performing arts by artistic ensemblesNACE 90202
Founded
18-05-2001
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
17
Who signs
Each director alone
Annual meeting
Third Monday of May at 14:00
Purpose
“Compositie,productie van muziek; Optredens; Uitgeverij van muziek; Alle aanverwante…” (deed in Dutch)
Go to Articles of association

Key facts about NIXAS

What is the company number of NIXAS?
0474.842.813. In Belgium the VAT number is the company number with BE in front: BE 0474.842.813.
Where is NIXAS based?
The registered office is at St.-Gerebernusstraat 34B, 2440 Geel.Company details
What does NIXAS do?
According to the KBO register, the main activity is performing arts by artistic ensembles (NACE 90202).
What is the legal form of NIXAS?
Private limited company (BV).
When was NIXAS founded?
On 18-05-2001.
Is NIXAS still active?
Yes, NIXAS is an active enterprise in the KBO register.
What is the turnover of NIXAS?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is NIXAS profitable?
In financial year 2025, NIXAS made a loss of €138,211.
Where can I find the annual accounts of NIXAS?
NIXAS filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NIXAS due?
By 31-07-2027, for financial year 2026.Timeline

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