OPEN DOEK
ActiveOPEN DOEK has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €807k and a net result of €189k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 53% of 534 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83=
Solvency72▼-26
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 3.09 in 2024; short-term debt: 52.8% and cash: 14.4% of total assets), but 52.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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
47.1%
Return on assets
11%
Age of the figures
9 mo
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
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
30 d early
2023
37 d early
2022
14 d early
2021
23 d early
2020
39 d early
2019
14 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€807k▼ 44.9%
2024 · €1.46M
2018: €509k
2019: €926k
2020: €1.02M
2021: €1.18M
2022: €1.49M
2023: €1.65M
2024: €1.46M
2018 → 2025
Total assets
€1.71M▼ 14.7%
2024 · €2.01M
2018: €794k
2019: €1.14M
2020: €1.13M
2021: €1.52M
2022: €1.79M
2023: €2.01M
2024: €2.01M
2018 → 2025
Net result
€189k▼ 18.1%
2024 · €230k
2018: €213k
2019: €416k
2020: €89k
2021: €358k
2022: €400k
2023: €377k
2024: €230k
2018 → 2025
Working capital
€780k▼ 31.5%
2024 · €1.14M
2018: €268k
2019: €589k
2020: €689k
2021: €866k
2022: €1.18M
2023: €1.31M
2024: €1.14M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.18M-€1.49M▲ 25.8%€1.65M▲ 11.1%€1.46M▼ 11.2%€807k▼ 44.9%
Operating result€513k-€578k▲ 12.8%€533k▼ 7.9%€320k▼ 40.0%€243k▼ 24.0%
Net result€358k-€400k▲ 11.9%€377k▼ 5.9%€230k▼ 38.8%€189k▼ 18.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 24% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.71M
Fixed assets
€29k▼ 91.2%
Current assets
€1.69M=
Equity and liabilities €1.71M
Equity
€807k▼ 44.9%
Debt
€907k▲ 66.2%
The debt ratio rises from 27.1% to 52.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€255k▼
2024 · €342k
Cash flow
€201k▼
2024 · €252k
Solvency
47.1%▼
2024 · 72.9%
Current ratio
1.86▼
2024 · 3.09
Quick ratio
1.86▼
2024 · 3.09
Debt / equity
1.12▲
2024 · 0.37
ROE
23.4%▲
2024 · 15.7%
ROA
11.0%▼
2024 · 11.5%
Interest coverage
153.68▼
2024 · 185.01
Debt
€907k▲
2024 · €546k
Debt ≤ 1 year
€906k▲
2024 · €546k
Income taxes
€86k▼
2024 · €104k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.01M€1.71M▼
Fixed assets21/28€326k€29k▼
Tangible fixed assets22/27€326k€29k▼
Land and buildings22€286k€0▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€38k€27k▼
Financial fixed assets28€25€25=
Current assets29/58€1.69M€1.69M=
Amounts receivable after more than one year29€405k€396k▼
Other amounts receivable291€405k€396k▼
Amounts receivable within one year40/41€223k€96k▼
Trade receivables40€221k€75k▼
Other amounts receivable41€2k€21k▲
Current investments50/53€872k€938k▲
Cash at bank and in hand54/58€183k€247k▲
Deferred charges and accrued income490/1€2k€10k▲
Equity and liabilities
Total equity and liabilities10/49€2.01M€1.71M▼
Equity10/15€1.46M€807k▼
Contributions10/11€6k€6k=
Reserves13€1.46M€800k▼
Distributable reserves133€1.46M€800k▼
Profit (loss) carried forward14€864€925▲
Amounts payable17/49€546k€907k▲
Amounts payable within one year42/48€546k€906k▲
Financial debts43€28€60▲
Credit institutions430/8€28€60▲
Trade debts44€81k€40k▼
Suppliers440/4€81k€40k▼
Taxes, remuneration and social security45€26k€9k▼
Taxes450/3€22k€9k▼
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€439k€857k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€12k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€345k€259k▼
Operating profit (loss)9901€320k€243k▼
Financial income75/76B€17k€33k▲
Recurring financial income75€17k€33k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€335k€274k▼
Income taxes67/77€104k€86k▼
Profit (loss) for the period9904€230k€189k▼
Profit (loss) for the period to be appropriated9905€230k€189k▼
Appropriation of the result
Profit (loss) to be appropriated9906€231k€190k▼
Profit (loss) brought forward from the previous period14P€792€864▲
Transfer from equity791/2€416k€847k▲
Transfer to equity691/2€230k€189k▼
To other reserves6921€230k€189k▼
Profit to be distributed694/7€416k€847k▲
Return on contributions (dividend)694€416k€847k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
20-03
State Gazette act
Registered officeBoard meeting · Registered-office move · Power of attorney4 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move · Power of attorney4 facts ▸
- Board meeting, 05/02/2026
- Registered-office move, Stormestraat 107A, 8790 Waregem
- Power of attorney, BV ANN LIEVYNS ACCOUNTANCY
- Permanent representative, Ann Lievyns
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €89k ▼78.6%
Net result drops to €89k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1MEq €1.02M ▲9.6%
3 profitable years in a row build equity to €1.02M.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €416k ▲95.6%
Operating result €647k, net result €416k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stormestraat 107A8790 WaregemGround area
1,516 m²
Building footprint
571 m²
Volume, LiDAR
157 m³
Parcel 34040C1457/00A000, Flanders · tallest building 5.5 m. Linked by address, not a title deed.
1 establishment unit
Stormestraat 107 A, 8790 Waregem
since 20072.167.797.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1457/00A000 | Flanders | 1,516 m² | 2 · 571 m² | 5.5 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BARBA ROSSA
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KAJEN
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Paradox Art
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KAL-EL
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CHINBLU
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Of 8,303 companies in sector 90201 we hold annual accounts for 602. 273 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2007
Fiscal year end31-12
Activities, NACEBEL
90201Performing arts by independent artists
46190Agents in non-specialised wholesale trade
59202Motion picture, video and television programme production, sound recording and music publishing activities
59203Motion picture, video and television programme production, sound recording and music publishing activities
59209Motion picture, video and television programme production, sound recording and music publishing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.