owl
ActiveSummary
owl has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,502 and a net result of €8,589. Equity is shrinking by ~22.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 95% of 2021 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
cash: 18.8% of total assets, and 0% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← 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
100%
Return on assets
44%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €19,502
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 02-07-2026, 29 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
29 d early
2024
16 d early
2023
19 d early
2022
19 d early
2021
3 d early
2020
23 d early
2019
32 d 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 20 days before 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,502▲ 78.7%
2024 · €10,913
Total assets
€19,502▲ 55.6%
2024 · €12,536
Net result
€8,589▲ 11.1%
2024 · €7,729
Working capital
€4,897
2023 · -€3,589
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
Line20212022202320242025
Operating result-€4,591▼ 351%-€13,983▼ 205%-€15,052▼ 7.6%€7,875€8,729▲ 10.8%
Net result-€4,716below the sector's middle half▲ 45.0%-€13,805below the sector's middle half▼ 193%-€15,177below the sector's middle half▼ 9.9%€7,729within the sector's middle half€8,589within the sector's middle half▲ 11.1%
Equity€32,167within the sector's middle half▼ 12.8%€18,362within the sector's middle half▼ 42.9%€3,184below the sector's middle half▼ 82.7%€10,913within the sector's middle half▲ 243%€19,502within the sector's middle half▲ 78.7%
Total assets€32,167below the sector's middle half▼ 29.8%€18,900below the sector's middle half▼ 41.2%€10,577below the sector's middle half▼ 44.0%€12,536below the sector's middle half▲ 18.5%€19,502below the sector's middle half▲ 55.6%
Debt€538€7,393▲ 1,274%€1,623▼ 78.0%
Working capital€10,454-€3,589€4,897
Solvency100.0%above the sector's middle half▲ 19.5pp97.2%above the sector's middle half▼ 2.8pp30.1%within the sector's middle half▼ 67.0pp87.1%above the sector's middle half▲ 56.9pp100.0%above the sector's middle half▲ 12.9pp
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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,502
Fixed assets
€5,093 ▼ 15.3%
Current assets
€14,409 ▲ 121%
Key figures and ratios
EBITDA
€9,652▲
2024 · €8,798
Cash flow
€9,512▲
2024 · €8,651
ROE
44.0%▼
2024 · 70.8%
ROA
44.0%▼
2024 · 61.7%
Interest coverage
68.94▲
2024 · 60.10
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 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% | 1.6% |
| 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 74% 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 26,964 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,897 | €7,650 | €1,819 | €923 | €923 | = |
| Gross operating margin9900 | €2,306 | -€6,333 | -€13,233 | €8,798 | €9,652 | ▲ 9.7% |
| Operating profit (loss)9901 | -€4,591 | -€13,983 | -€15,052 | €7,875 | €8,729 | ▲ 10.8% |
| Financial income75/76B | - | €303 | - | - | - | - |
| Recurring financial income75 | - | €303 | - | - | - | - |
| Financial charges65/66B | €126 | €126 | €126 | €146 | €140 | ▼ 4.4% |
| Recurring financial charges65 | €126 | €126 | €126 | €146 | €140 | ▼ 4.4% |
| Profit (loss) for the period before taxes9903 | -€4,716 | -€13,805 | -€15,177 | €7,729 | €8,589 | ▲ 11.1% |
| Profit (loss) for the period9904 | -€4,716 | -€13,805 | -€15,177 | €7,729 | €8,589 | ▲ 11.1% |
| Profit (loss) for the period to be appropriated9905 | -€4,716 | -€13,805 | -€15,177 | €7,729 | €8,589 | ▲ 11.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32,167 | €18,900 | €10,577 | €12,536 | €19,502 | ▲ 55.6% |
| Fixed assets21/28 | €11,793 | €7,907 | €6,939 | €6,016 | €5,093 | ▼ 15.3% |
| Tangible fixed assets22/27 | €11,793 | €7,907 | €6,939 | €6,016 | €5,093 | ▼ 15.3% |
| Furniture and vehicles24 | €11,793 | €7,907 | €6,939 | €6,016 | €5,093 | ▼ 15.3% |
| Current assets29/58 | €20,374 | €10,992 | €3,638 | €6,520 | €14,409 | ▲ 121% |
| Amounts receivable within one year40/41 | €5,193 | €6,668 | €669 | €3,734 | €10,737 | ▲ 188% |
| Trade receivables40 | €1,750 | - | €297 | €3,000 | €3,000 | = |
| Other amounts receivable41 | €3,443 | €6,668 | €373 | €734 | €7,737 | ▲ 954% |
| Cash at bank and in hand54/58 | €15,181 | €4,324 | €1,344 | €2,786 | €3,672 | ▲ 31.8% |
| Deferred charges and accrued income490/1 | - | - | €1,625 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32,167 | €18,900 | €10,577 | €12,536 | €19,502 | ▲ 55.6% |
| Equity10/15 | €32,167 | €18,362 | €3,184 | €10,913 | €19,502 | ▲ 78.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,343 | €1,343 | €1,343 | €1,343 | €1,343 | = |
| Non-distributable reserves130/1 | €1,343 | €1,343 | €1,343 | €1,343 | €1,343 | = |
| Reserves not available under the articles1311 | €1,343 | €1,343 | €1,343 | €1,343 | €1,343 | = |
| Profit (loss) carried forward14 | €12,223 | -€1,581 | -€16,759 | -€9,030 | -€441 | ▲ 95.1% |
| Amounts payable17/49 | - | €538 | €7,393 | €1,623 | - | - |
| Amounts payable within one year42/48 | - | €538 | €7,227 | €1,623 | - | - |
| Trade debts44 | - | - | €1,625 | - | - | - |
| Suppliers440/4 | - | - | €1,625 | - | - | - |
| Taxes, remuneration and social security45 | - | €538 | - | - | - | - |
| Taxes450/3 | - | €538 | - | - | - | - |
| Other amounts payable47/48 | - | - | €5,602 | €1,623 | - | - |
| Accrued charges and deferred income492/3 | - | - | €165 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,716 | -€13,805 | -€15,177 | €7,729 | €8,589 | ▲ 11.1% |
| + Depreciation and write-downs630 | €6,897 | €7,650 | €1,819 | €923 | €923 | = |
| Operating cash flow (approximation) | €2,181 | -€6,155 | -€13,359 | €8,651 | €9,512 | ▲ 9.9% |
| Investment in fixed assets (approximation) | - | -€3,765 | -€850 | €0 | €0 | - |
| Change in cash | - | -€10,857 | -€2,980 | €1,443 | €885 | ▼ 38.6% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7,729
Net result €7,729 after 4 loss-making years.
31-12
Financial
Liquidity times 8current ratio 4.02
Current ratio from 0.50 to 4.02; short-term debt falls from €7,227 to €1,623.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€15,177
Net result drops to -€15,177, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 3.65
Current ratio from 1.64 to 3.65; short-term debt falls from €31,271 to €7,428.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Vorst · 1 establishment unit since 2017
Ground area
565 m²
Building footprint
157 m²
Volume, LiDAR
4,340 m³
Parcel 21383B0031/00Z039, Brussels · tallest building 30.2 m, ±9 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
owl
since 20172.267.854.753
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0031/00Z039 | Brussels | 565 m² | 1 · 157 m² | 30.2 m · 9 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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Of 6,649 companies in sector 90111 we hold annual accounts for 384. 296 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
Founded24-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
90111Literary creation
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
74120Graphic design and visual communication
74140Other specialised design activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0678822727
Also
9925:BE0678822727
Registered
07-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.