Paleis voor Schone Kunsten
ActiveFor the legal form of Paleis voor Schone Kunsten, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €50.82M and a net result of €422k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 78% of 227 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▼-4
Solvency100=
Growth64▲+1
Stability100
Credit verdict
Credit up to €900k at 30 days acceptable
Liquidity ample (current ratio 2.19 against 2.73 in 2024), and 26.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 05-05-2026, 87 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
87 d early
2024
57 d early
2023
6 d early
2022
55 d early
2021
3 d late
2020
45 d early
2019
45 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€8.95M▲ 9.7%
2024 · €8.16M
2018: €8.27M
2019: €7.75M
2020: €4.31M
2021: €4.73M
2022: €5.90M
2023: €7.30M
2024: €8.16M
2018 → 2025
EBIT margin
-5.9%▼ 2.0pp
2024 · -3.8%
2018: -5.9%
2019: -7.7%
2020: -34.9%
2021: 17.1%
2022: -2.8%
2023: -7.9%
2024: -3.8%
2018 → 2025
Net result
€422k▲ 6.9%
2024 · €395k
2018: €-19k
2019: €-36k
2020: €-979k
2021: €1.27M
2022: €439k
2023: €82k
2024: €395k
2018 → 2025
Working capital
€12.77M▼ 32.0%
2024 · €18.78M
2018: €11.00M
2019: €11.47M
2020: €14.98M
2021: €15.02M
2022: €16.98M
2023: €18.67M
2024: €18.78M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.73M-€5.90M▲ 24.8%€7.30M▲ 23.8%€8.16M▲ 11.7%€8.95M▲ 9.7%
Equity€44.58M-€47.88M▲ 7.4%€47.85M▼ 0.1%€48.00M▲ 0.3%€50.82M▲ 5.9%
Operating result€809k-€-163k€-576k▼ 253%€-314k▲ 45.5%€-524k▼ 66.9%
Net result€1.27M-€439k▼ 65.5%€82k▼ 81.3%€395k▲ 380%€422k▲ 6.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €524k in 2025 against €314k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69.13M
Fixed assets
€45.62M▲ 19.3%
Current assets
€23.51M▼ 20.6%
Equity and liabilities €69.13M
Equity
€50.82M▲ 5.9%
Provisions
€1.53M▼ 35.2%
Debt
€16.79M▼ 3.9%
The debt ratio falls from 25.8% to 24.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.34M▼
2024 · €1.44M
Cash flow
€2.28M▲
2024 · €2.15M
Solvency
73.5%▲
2024 · 70.8%
Current ratio
2.19▼
2024 · 2.73
Quick ratio
2.19▼
2024 · 2.73
Debt / equity
0.33▼
2024 · 0.36
ROE
0.8%▲
2024 · 0.8%
ROA
0.6%▲
2024 · 0.6%
Interest coverage
18.32▼
2024 · 20.20
Debt
€16.79M▼
2024 · €17.48M
Debt ≤ 1 year
€10.74M▼
2024 · €10.83M
Debt > 1 year
€3.20M=
2024 · €3.20M
Income taxes
€139k▲
2024 · €64k
Staff costs
€17.24M▲
2024 · €17.08M
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€67.83M€69.13M▲
Fixed assets21/28€38.22M€45.62M▲
Intangible fixed assets21€967k€1.11M▲
Tangible fixed assets22/27€37.25M€44.51M▲
Land and buildings22€30.00M€30.00M=
Plant, machinery and equipment23€993k€2.00M▲
Furniture and vehicles24€909k€625k▼
Other tangible fixed assets26€2.99M€2.52M▼
Assets under construction and advance payments27€2.36M€9.35M▲
Financial fixed assets28€5k€3k▼
Other financial fixed assets284/8€5k€3k▼
Amounts receivable and cash guarantees285/8€5k€3k▼
Current assets29/58€29.61M€23.51M▼
Amounts receivable within one year40/41€18.41M€16.07M▼
Trade receivables40€1.61M€2.14M▲
Other amounts receivable41€16.79M€13.94M▼
Current investments50/53€7.00M€4.65M▼
Other investments51/53€7.00M€4.65M▼
Cash at bank and in hand54/58€3.58M€2.30M▼
Deferred charges and accrued income490/1€622k€486k▼
Equity and liabilities
Total equity and liabilities10/49€67.83M€69.13M▲
Equity10/15€48.00M€50.82M▲
Contributions10/11€28.30M€28.30M=
Capital10€28.00M€28.00M=
Issued capital100€28.00M€28.00M=
Outside capital11€298k€298k=
Share premium1100/10€298k€298k=
Revaluation surpluses12€385k€385k=
Reserves13€51k€72k▲
Non-distributable reserves130/1€51k€72k▲
Legal reserve130€51k€72k▲
Profit (loss) carried forward14€965k€1.37M▲
Investment grants15€18.30M€20.70M▲
Provisions and deferred taxes16€2.35M€1.53M▼
Provisions for liabilities and charges160/5€2.35M€1.53M▼
Major repairs and maintenance162-€225k
Environmental obligations163€1.14M-
Other liabilities and charges164/5€1.22M€1.30M▲
Amounts payable17/49€17.48M€16.79M▼
Amounts payable after more than one year17€3.20M€3.20M=
Financial debts170/4€3.20M€3.20M=
Other loans174€3.20M€3.20M=
Amounts payable within one year42/48€10.83M€10.74M▼
Trade debts44€3.99M€6.03M▲
Suppliers440/4€3.99M€6.03M▲
Advances received on contracts in progress46€4.59M€2.23M▼
Taxes, remuneration and social security45€2.25M€2.48M▲
Taxes450/3€891k€1.03M▲
Remuneration and social security454/9€1.36M€1.45M▲
Accrued charges and deferred income492/3€3.45M€2.85M▼
Income statement
Code20242025
Operating income70/76A€35.97M€36.78M▲
Turnover70€8.16M€8.95M▲
Other operating income74€25.67M€26.16M▲
Non-recurring operating income76A€2.14M€1.67M▼
Operating charges60/66A€36.29M€37.31M▲
Goods for resale, raw materials and consumables60€14.02M€13.30M▼
Purchases600/8€14.02M€13.30M▼
Services and other goods61€3.54M€4.10M▲
Remuneration, social security and pensions62€17.08M€17.24M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.75M€1.86M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-39k€11k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-965k€386k▲
Other operating charges640/8€4k€60k▲
Non-recurring operating charges66A€896k€346k▼
Operating profit (loss)9901€-314k€-524k▼
Financial income75/76B€944k€1.29M▲
Recurring financial income75€944k€1.29M▲
Income from current assets751€95k€251k▲
Other financial income752/9€850k€1.04M▲
Financial charges65/66B€171k€207k▲
Recurring financial charges65€171k€207k▲
Debt charges650€71k€73k▲
Other financial charges652/9€100k€134k▲
Profit (loss) for the period before taxes9903€459k€561k▲
Income taxes67/77€64k€139k▲
Taxes670/3€70k€139k▲
Tax adjustments and reversals of tax provisions77€6k-
Profit (loss) for the period9904€395k€422k▲
Profit (loss) for the period to be appropriated9905€395k€422k▲
Appropriation of the result
Profit (loss) to be appropriated9906€985k€1.39M▲
Profit (loss) brought forward from the previous period14P€590k€965k▲
Transfer to equity691/2€20k€21k▲
To the legal reserve6920€20k€21k▲
Social balance
Average headcount (FTE)9087248.6227.4▼
The notes to these accounts (66 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
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €50MEq €50.82M ▲5.9%
5 profitable years in a row build equity to €50.82M.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
2021
31-12
Financial
Back to profitnet €1.27M
Net result €1.27M after 3 loss-making years.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-979k
Net result drops to €-979k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
04-05
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
2014
09-04
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2006
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.
Ravensteinstraat 231000 BrusselGround area
8,275 m²
Building footprint
8,490 m²
Volume, LiDAR
91,674 m³
2 parcels, Brussels · tallest building 23.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Palais des Beaux-Arts (français)
since 20062.168.677.104
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0755/00G000 | Brussels | 7,615 m² | 1 · 8,490 m² | 23.4 m · 4 fl. |
| 21804D0753/00K000 | Brussels | 661 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Statutory auditor
3 auditors| Dujardin Paul Statutory auditor | - → 31-12-2019 |
Show 2 earlier auditors
| Ignace De Breuck Statutory auditor | - → 09-02-2026 |
| KPMG Statutory auditor · represented by Olivier Declercq | - → 02-07-2024 |
Structure & network
Ownership & control
1 partyPaleis voor Schone KunstenBE 0895.408.978
controls
Where this company holds controlthis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,308,000 EUR awarded · 3,138,600 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 847,000 EUR | 837,000 EUR |
| 2024 | 1 | 797,000 EUR | 804,000 EUR |
| 2023 | 1 | 832,000 EUR | 832,000 EUR |
| 2022 | 1 | 832,000 EUR | 665,600 EUR |
Schemes
Professionele kunsten: Projectsubsidie voor Bozar - Paleis voor Schone Kunsten (Uitgavendecreet)
Wallonia-Brussels Federation
2022 to 2025 · 12 entries · 437,763 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 2 | 15,901 EUR |
| 2024 | 2 | 115,000 EUR |
| 2023 | 7 | 301,862 EUR |
| 2022 | 1 | 5,000 EUR |
Budget allocations
Aides pluriannuelles dans le domaine transversal
Fonds budgétaire destiné à la répartition du bénéfice annuel de la Loterie nationale entre les attributaires (C)
Aides à la création et aux projets
Financement d’urgence visant à soutenir les secteurs dépendant de la Fédération Wallonie-Bruxelles suite à la crise du coût de l'énergie
Dotation à WBI dans le cadre de la promotion internationale de_x000D_
Bruxelles
Show 1 more
Subventions aux associations de promotion de l'audiovisuel et divers - hors COA
European Union, budget
2023 to 2024 · 4 entries · 674,216 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 3 | 413,178 EUR |
| 2023 | 1 | 261,038 EUR |
Projects
101130939 - STUDIOTOPIA 2 - STUDIOTOPIA: ENTER THE SYMBIOCENE WITH ARTS AND SCIENCE
101174442 - PIT - PERFORM INFORM TRANSFORM - PARTICIPATORY PERFORMANCE IN ART MUSEUMS
101174064 - CARE - CARE - CULTURE FOR MENTAL HEALTH
101147832 - BEAUTIFOOD - BUILDING TOGETHER A SUSTAINABLE FUTURE IMPROVING FOOD SYSTEMS THROUGH OPEN DEMOCRACY
European research
2 projects · 494,250 EUR EU contributionProgrammes
h2020
Projects
STARTS Prize 2021-2023
STARTS Prize - Grand prize of the European Commission honoring innovation in technology, industry and society stimulated by the arts
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Of 369 companies in sector 90311 we hold annual accounts for 155. 11 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNaamloze vennootschap van publiek recht
Founded01-01-2002
Fiscal year end31-12
Legal name FR
Palais des Beaux-Arts
Activities, NACEBEL
90311Arts creation and performing arts activities
90202Performing arts by artistic ensembles
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@bozar.be
Phone:025078430
Fax:025078515