Debts
Of this, €129,959 falls due within a year.
Of this, €129,959 falls due within a year.
Nine of the last ten came late. The 2018 accounts came latest: 122 days after the end of the period.
Lower net result than 91% of companies in creative and performing arts. Sector median €6,309 · 2,484 companies.
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.
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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). It does better than 18% of them on solvency, 36% on liquidity, 7% on profitability and 7% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 642 companies had the same profile as ODACITY has now. Each dot stands for 2 companies, two years later.
Another 1.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ODACITY itself: 1.1% within 12 months.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 642 companies, not a prediction for ODACITY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.04 (1.25 in 2024), below the usual 1.5. Short-term debt is 96.6% and cash 92.5% of total assets. 97.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 50 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ODACITY Ixelles | €134,548 | -€18,232 | 2.8% | - |
| Events & Food Evere | €130,794 | -€20,272 | 2.2% | 2.3 |
| HET LEFHUIS Mechelen | €105,801 | -€21,303 | 47.9% | - |
| STUDIO T'NK Stekene | €186,683 | -€11,670 | 96.6% | - |
| BRUNSK Berlare | €81,857 | €1,276 | 75.8% | - |
| Cedric.Art Deerlijk | €135,296 | -€17,295 | -37.1% | - |
| CINDEPENDENT Putte | €96,763 | -€447 | 94.0% | - |
These companies have the same main activity as ODACITY: visual arts creation (NACE 90120). They are comparable in size and age: total assets between €81,900 and €187,000, founded between 2008 and 2015.
ODACITY files the micro format. That format states no turnover. The gross margin rose from -€38,524 in 2013 to -€18,232 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 18% of 2,488 companies in 2025.
Higher than 29% of 2,351 companies in 2025.
Higher than 14% of 2,396 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
134,548 | 164,310 | 185,253 | 206,989 | 191,807 | 204,369 | 187,875 | 342,849 | 108,038 | 45,228 | 17,737 | 6,210 | 6,645 | |
21/28 |
- | 0 | 164,022 | 182,459 | 165,845 | 176,505 | 551 | 1,101 | 3,667 | 7,334 | 150 | 300 | 2,099 | |
22/27 |
- | 0 | 164,022 | 182,459 | 165,845 | 176,505 | 551 | 1,101 | 3,667 | 7,334 | 150 | 300 | 2,099 | |
22 |
- | 0 | 144,525 | 155,185 | 165,845 | 176,505 | - | - | - | - | - | - | - | |
24 |
- | 0 | 19,497 | 27,274 | - | - | 551 | 1,101 | 3,667 | 7,334 | 150 | 300 | 2,099 | |
29/58 |
134,548 | 164,310 | 21,231 | 24,530 | 25,962 | 27,864 | 187,324 | 341,748 | 104,371 | 37,894 | 17,587 | 5,910 | 4,546 | |
40/41 |
10,120 | 8,249 | 13,518 | 9,116 | 5,046 | 16,678 | 14,547 | 66,424 | 6,068 | 28,181 | 6,616 | 24 | 2,895 | |
40 |
- | 0 | 3,701 | 1,176 | 1,436 | 11,245 | 12,541 | 66,424 | 3,584 | 24,601 | 6,095 | 24 | - | |
41 |
10,120 | 8,249 | 9,817 | 7,940 | 3,610 | 5,433 | 2,006 | - | 2,484 | 3,580 | 521 | - | 2,895 | |
50/53 |
0 | 156,061 | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
124,428 | - | 7,713 | 15,414 | 20,916 | 11,186 | 172,777 | 275,324 | 98,303 | 9,713 | 10,971 | 5,886 | 1,651 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
134,548 | 164,310 | 185,253 | 206,989 | 191,807 | 204,369 | 187,875 | 342,849 | 108,038 | 45,228 | 17,737 | 6,210 | 6,645 | |
10/15 |
3,713 | 26,922 | 5,947 | 19,714 | 11,530 | 14,894 | 39,667 | 38,296 | 13,714 | -21,659 | -48,601 | -62,853 | -36,242 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | - | - | 6,200 | - | - | - | - | - | - | - | - | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
20,722 | 20,722 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
20,722 | 20,722 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-23,210 | 0 | -253 | 13,514 | 5,330 | 8,694 | 33,467 | 32,096 | 7,514 | -27,859 | -54,801 | -69,053 | -42,442 | |
17/49 |
130,835 | 137,388 | 179,306 | 187,275 | 180,277 | 189,475 | 148,208 | 304,553 | 94,324 | 66,887 | 66,338 | 69,063 | 42,887 | |
17 |
0 | 5,126 | 14,391 | 24,307 | - | - | - | - | - | - | - | - | - | |
170/4 |
0 | 5,126 | 14,391 | 24,307 | - | - | - | - | - | - | - | - | - | |
42/48 |
129,959 | 131,386 | 164,915 | 162,968 | 180,277 | 189,475 | 148,208 | 301,409 | 94,324 | 66,887 | 66,338 | 69,063 | 42,887 | |
42 |
5,126 | 9,265 | 9,916 | 5,693 | - | - | - | - | - | - | - | - | - | |
44 |
5,270 | 644 | 16,565 | 4,808 | - | - | 1,894 | 78,367 | 41,215 | 16,830 | 7,409 | 10,206 | 1,030 | |
440/4 |
5,270 | 644 | 16,565 | 4,808 | - | - | 1,894 | 78,367 | 41,215 | 16,830 | 7,409 | 10,206 | 1,030 | |
46 |
- | - | - | 29,000 | 91,500 | 91,500 | 91,500 | 132,504 | - | - | - | - | - | |
45 |
0 | 2,072 | 16,698 | 6,978 | 6,475 | 12,794 | 25,752 | 31,390 | 23,582 | - | - | 413 | - | |
450/3 |
0 | 2,072 | 558 | 558 | 220 | 3,740 | 17,493 | 21,100 | 4,775 | - | - | 413 | - | |
454/9 |
- | 0 | 16,140 | 6,420 | 6,255 | 9,054 | 8,259 | 10,290 | 18,807 | - | - | - | - | |
47/48 |
119,564 | 119,405 | 121,736 | 116,489 | 82,302 | 85,181 | 29,062 | 59,148 | 29,527 | 50,057 | 58,929 | 58,444 | 41,857 | |
492/3 |
876 | 876 | - | - | - | - | - | 3,144 | - | - | - | - | - | |
| Income statement | ||||||||||||||
9900 |
-18,232 | 25,000 | 27,498 | 50,678 | 8,898 | -11,287 | 47,386 | 45,246 | 73,050 | 31,874 | 14,853 | -23,672 | -38,524 | |
62 |
- | 0 | 20,114 | 23,418 | 156 | 7,105 | 34,291 | 5,741 | 27,679 | - | - | - | - | |
630 |
0 | 2,502 | 18,436 | 13,748 | 10,660 | 8,546 | 551 | 4,218 | 3,666 | 3,817 | 150 | 1,799 | 3,297 | |
640/8 |
686 | 1,831 | 1,572 | 4,812 | 1,201 | 787 | 914 | 807 | 769 | 711 | 437 | 784 | 526 | |
9901 |
-18,919 | 20,666 | -12,624 | 8,700 | -3,119 | -27,725 | 11,630 | 34,480 | 40,936 | 27,346 | 14,266 | -26,255 | -42,347 | |
75/76B |
87 | 3,637 | - | - | 10 | 3,591 | 17 | - | 18 | - | - | 45 | - | |
75 |
87 | 3,637 | - | - | - | - | - | - | - | - | - | 45 | - | |
76B |
- | - | - | - | 10 | 3,591 | 17 | - | 18 | - | - | - | - | |
65/66B |
4,246 | 1,107 | 1,143 | 312 | 255 | 476 | 1,511 | 558 | 695 | 404 | 14 | 401 | 95 | |
65 |
4,246 | 1,107 | - | - | - | - | - | - | - | - | 14 | 401 | 95 | |
66B |
- | - | 1,143 | 312 | 255 | 476 | 1,511 | 558 | 695 | 404 | - | - | - | |
9903 |
-23,078 | 23,197 | -13,767 | 8,388 | -3,364 | -24,610 | 10,136 | 33,922 | 40,259 | 26,942 | 14,252 | -26,611 | -42,442 | |
67/77 |
132 | 2,222 | - | 204 | - | 163 | 8,765 | 9,340 | 4,886 | - | - | - | - | |
9904 |
-23,210 | 20,975 | -13,767 | 8,184 | -3,364 | -24,773 | 1,371 | 24,582 | 35,373 | 26,942 | 14,252 | -26,611 | -42,442 | |
9905 |
-23,210 | 20,975 | -13,767 | 8,184 | -3,364 | -24,773 | 1,371 | 24,582 | 35,373 | 26,942 | 14,252 | -26,611 | -42,442 | |
| Appropriation of the result | ||||||||||||||
9906 |
-23,210 | 20,722 | -253 | 13,514 | 5,330 | 8,694 | 33,467 | 32,096 | 7,514 | -27,859 | -54,801 | -69,053 | -42,442 | |
14P |
0 | -253 | 13,514 | 5,330 | 8,694 | - | - | - | - | - | - | - | - | |
691/2 |
0 | 20,722 | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
0 | 20,722 | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
- | - | 0.5 | 1 | 1 | 1 | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | 988 | 1,268 | 0 | 38 | - | - | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00230832 | |
| 31-12-2024 | micro format | 22-10-2025 | 2025-00550041 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00439857 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00365185 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20335618 | |
| 31-12-2020 | micro format | 12-11-2021 | 2021-77100420 | |
| 31-12-2019 | micro format | 16-11-2020 | 2020-70800228 | |
| 31-12-2018 | micro format | 30-11-2019 | 2019-75100448 | |
| 31-12-2017 | micro format | 30-09-2018 | 2018-67400057 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59400594 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-57300202 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-57600401 | |
| 31-12-2013 | full format | 13-01-2015 | 2015-01400576 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -18,919 | 23,168 | 5,812 | 22,448 | 7,541 | -19,179 | 12,181 | 38,698 | 44,602 | 31,163 | 14,416 | -24,456 | -39,050 | ||
| -23,210 | 23,477 | 4,669 | 21,932 | 7,296 | -16,227 | 1,922 | 28,800 | 39,039 | 30,759 | 14,402 | -24,812 | -39,145 | ||
| 0 | -161,520 | -1 | 30,362 | 0 | 184,500 | 1 | 1,652 | -1 | 11,000 | 0 | 0 | 5,396 | ||
| - | - | -7,701 | -5,502 | 9,730 | -161,591 | -102,547 | 177,021 | 88,590 | -1,258 | 5,085 | 4,235 | - | ||
| 4,588 | 32,924 | -143,684 | -138,438 | -154,315 | -161,611 | 39,116 | 40,339 | 10,047 | -28,993 | -48,751 | -63,153 | -38,341 | ||
| 2.8% | 16.4% | 3.2% | 9.5% | 6.0% | 7.3% | 21.1% | 11.2% | 12.7% | -47.9% | -274.0% | - | -545.4% | ||
| 1.04 | 1.25 | 0.13 | 0.15 | 0.14 | 0.15 | 1.26 | 1.13 | 1.11 | 0.57 | 0.27 | 0.09 | 0.11 | ||
| 35.24 | 5.10 | 30.15 | 9.50 | 15.64 | 12.72 | 3.74 | 7.95 | 6.88 | - | - | - | - | ||
| -625.2% | 77.9% | -231.5% | 41.5% | -29.2% | -166.3% | 3.5% | 64.2% | 257.9% | - | - | - | - | ||
| -17.3% | 12.8% | -7.4% | 4.0% | -1.8% | -12.1% | 0.7% | 7.2% | 32.7% | 59.6% | 80.4% | -428.5% | -638.7% | ||
| -4.46 | 20.93 | 5.08 | 71.95 | 29.57 | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 |
| full-time | - | 1 | 1 |
| in full-time equivalents | - | 1 | 1 |
| 0.5 | 1 | 1 | |
| On a permanent contract | - | 1 | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €30,362 | - |
| €0 | €2,502 | €18,436 | €13,748 | €10,660 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €18,919, after a profit of €20,666 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total rises from 83.6% to 97.2%. Equity and debt are lower.
ODACITY has no parent and no holdings in its annual accounts. Jean-François VENEZIANO is the only director. ODACITY shares no director with another company.
| EURO-MEDITERRANEAN NETWORKS
registered office since 13-09-1995 · founded in 1995 |
total assets €17,933 (2026) 0456.013.529 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Emile de Becolaan 40 registered office 1050 Ixelles | 20-02-2012 | 2.207.279.342 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21443C0219/00Y024 | 264 m² | 1 · 112 m² | 16.5 m · 5 |
If something looks wrong or is missing, please tell us.