Openluchtklassen

Active

Non-profit associationfounded 198244 yrs activeGuimardstraat 1, 1040 Brussel, BelgiumKBO/BCE: BE 0423.555.448

Openluchtklassen has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €803k and a net result of €4k. Equity is shrinking by ~16.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).

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Checked score

Score 2023

76 / 100

Excellent▲ +51 vs 2022

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability9▲+6

Solvency52▲+7

Growth51▲+6

Stability100

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €60k at 30 days only on tighter terms

Liquidity tight (current ratio 1.48 against 1.44 in 2022), and 74.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 94

Relative position

BE, all sectors

reference

Sector 94

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2023

Solvency, return and age of the figures

Solvency

25.8%

Return on assets

0.1%

Age of the figures

37 mo

Latest accounts filed on time

The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 19-01-2026, 71 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

71 d early

2024

138 d early

2023

19 d late

2022

98 d early

2021

101 d early

2020

104 d early

2019

55 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

31-08-2026 close16-09-2026 today31-03-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, abbreviated schema

Turnover

€5.74M▲ 18.4%

2022 · €4.85M

2019: €5.46M 2020: €2.86M 2021: €1.90M 2022: €4.85M

2019 → 2023

EBIT margin

0.2%▲ 1.1pp

2022 · -0.9%

2019: -2.6% 2020: -9.2% 2021: -12.6% 2022: -0.9%

2019 → 2023

Net result

€4k

2022 · €-158k

2021: €-187k 2022: €-158k

2021 → 2023

Working capital

€1.01M▼ 5.4%

2022 · €1.07M

2019: €1.89M 2020: €1.44M 2021: €1.25M 2022: €1.07M

2019 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Turnover€5.46M-€2.86M▼ 47.6%€1.90M▼ 33.7%€4.85M▲ 156%€5.74M▲ 18.4%

Equity€1.63M-€1.15M▼ 29.6%€958k▼ 16.4%€800k▼ 16.5%€803k▲ 0.4%

Operating result€-144k-€-263k▼ 82.8%€-239k▲ 8.9%€-45k▲ 81.4%€10k

Net result€-187k€-158k▲ 15.6%€4k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2023: €10k after a loss of €45k in 2022, the highest year so far.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €3.12M

99.7%

Fixed assets €8k▼ 7.8%

Current assets €3.11M▼ 11.4%

Equity and liabilities €3.12M

25.8%

68.1%

Equity €803k▲ 0.4%

Provisions €193k▼ 31.4%

Debt €2.12M▼ 13.0%

The debt ratio falls from 69.3% to 68.1%: equity grows while debt is paid down.

Key figures and ratios

2023 value · change against 2022

EBITDA

€12k▲

2022 · €-42k

Cash flow

€6k▲

2022 · €-156k

Solvency

25.8%▲

2022 · 22.7%

Current ratio

1.48▲

2022 · 1.44

Quick ratio

1.48▲

2022 · 1.44

Debt / equity

2.64▼

2022 · 3.05

ROE

0.4%▲

2022 · -19.8%

ROA

0.1%▲

2022 · -4.5%

Interest coverage

1.86▲

2022 · -0.31

Debt

€2.12M▼

2022 · €2.44M

Debt ≤ 1 year

€2.10M▼

2022 · €2.44M

Staff costs

€277k▲

2022 · €276k

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€3.52M€3.12M▼

Fixed assets21/28€9k€8k▼

Intangible fixed assets21€8k€7k▼

Tangible fixed assets22/27€528€2k▲

Plant, machinery and equipment23€528-

Furniture and vehicles24-€2k

Current assets29/58€3.51M€3.11M▼

Stocks and contracts in progress3€7k€5k▼

Stocks30/36€7k€5k▼

Amounts receivable within one year40/41€120k€87k▼

Trade receivables40€120k€87k▼

Current investments50/53€2.01M€2.31M▲

Cash at bank and in hand54/58€1.12M€550k▼

Deferred charges and accrued income490/1€253k€159k▼

Equity and liabilities

Total equity and liabilities10/49€3.52M€3.12M▼

Equity10/15€800k€803k▲

Contributions10/11€1.15M€1.15M=

Capital10€1.15M€1.15M=

Profit (loss) carried forward14€-345k€-342k▲

Provisions and deferred taxes16€281k€193k▼

Provisions for liabilities and charges160/5€281k€193k▼

Other liabilities and charges164/5€281k€193k▼

Amounts payable17/49€2.44M€2.12M▼

Amounts payable within one year42/48€2.44M€2.10M▼

Trade debts44€18k€14k▼

Suppliers440/4€18k€14k▼

Advances received on contracts in progress46€2.40M€2.07M▼

Taxes, remuneration and social security45€23k€11k▼

Remuneration and social security454/9€23k€11k▼

Accrued charges and deferred income492/3-€26k

Income statement Code20222023

Turnover70€4.85M€5.74M▲

Goods, raw materials, services and sundry goods60/61€4.63M€5.54M▲

Remuneration, social security and pensions62€276k€277k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲

Other operating charges640/8€4k€4k▼

Gross operating margin9900€223k€206k▼

Operating profit (loss)9901€-45k€10k▲

Financial income75/76B€23k-

Recurring financial income75€23k-

Financial charges65/66B€136k€7k▼

Recurring financial charges65€136k€7k▼

Profit (loss) for the period before taxes9903€-158k€4k▲

Profit (loss) for the period9904€-158k€4k▲

Profit (loss) for the period to be appropriated9905€-158k€4k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-345k€-342k▲

Profit (loss) brought forward from the previous period14P€-187k€-345k▼

Social balance

Average headcount (FTE)90873.12.5▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 1Filings 10

Next filing, fiscal year 2026, expected by 31-03-2027

2026

19-01

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2024

13-11

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

19-04

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 19 days late

2023

31-08

Financial Back to profitnet €4k

Net result €4k after 2 loss-making years.

2022

23-12

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2021

20-12

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2020

17-12

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

05-02

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2018

19-12

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2017

11-12

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2016

19-12

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

22-10-2024 Jan Luyten: Resigned as Director

22-10-2024 PLETINCK Beatrijs: Resigned as Director

30-01-2017 Gys Michael: Resigned as Director

30-01-2017 Richard Timmerman: Resigned as Director

30-01-2017 Van Herbruggen Wilfried: Resigned as Director

03-02-2015 Van Hecke Maria: Resigned as Director

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2006

establishment The establishment unit on the map

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.

Guimardstraat 11040 Brussel