Paradox Art
ActiveParadox Art has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €764k and a net result of €115k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 538 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▼-9
Solvency50▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.53 in 2023; short-term debt: 40% and cash: 1.9% of total assets), and 74.8% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
71 d late
2022
80 d late
2021
55 d late
2020
57 d late
2019
94 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€764k▲ 12.6%
2023 · €679k
2018: €284k
2019: €321k
2020: €523k
2021: €508k
2022: €552k
2023: €679k
2018 → 2024
Total assets
€3.04M▲ 2.7%
2023 · €2.96M
2018: €1.77M
2019: €2.18M
2020: €2.29M
2021: €3.00M
2022: €3.03M
2023: €2.96M
2018 → 2024
Net result
€115k▼ 26.5%
2023 · €157k
2018: €37k
2019: €37k
2020: €203k
2021: €70k
2022: €109k
2023: €157k
2018 → 2024
Working capital
€-341k▲ 46.3%
2023 · €-635k
2018: €-152k
2019: €-142k
2020: €-37k
2021: €-220k
2022: €-435k
2023: €-635k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€523k-€508k▼ 2.9%€552k▲ 8.7%€679k▲ 23.0%€764k▲ 12.6%
Operating result€105k-€207k▲ 97.1%€162k▼ 21.8%€216k▲ 33.3%€234k▲ 8.1%
Net result€203k-€70k▼ 65.6%€109k▲ 56.2%€157k▲ 44.0%€115k▼ 26.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 8% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.04M
Fixed assets
€2.16M▼ 3.5%
Current assets
€873k▲ 22.2%
Equity and liabilities €3.04M
Equity
€764k▲ 12.6%
Debt
€2.27M▼ 0.2%
The debt ratio falls from 77.0% to 74.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€326k▲
2023 · €304k
Cash flow
€207k▼
2023 · €245k
Solvency
25.2%▲
2023 · 23.0%
Current ratio
0.72▲
2023 · 0.53
Quick ratio
0.53▲
2023 · 0.39
Debt / equity
2.97▼
2023 · 3.35
ROE
15.1%▼
2023 · 23.1%
ROA
3.8%▼
2023 · 5.3%
Interest coverage
5.04▼
2023 · 8.44
Debt
€2.27M▼
2023 · €2.28M
Debt ≤ 1 year
€1.21M▼
2023 · €1.35M
Debt > 1 year
€805k▼
2023 · €927k
Income taxes
€56k▼
2023 · €57k
Staff costs
€169k▼
2023 · €222k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.96M€3.04M▲
Fixed assets21/28€2.24M€2.16M▼
Intangible fixed assets21€55k€46k▼
Tangible fixed assets22/27€2.18M€2.10M▼
Land and buildings22€2.03M€1.98M▼
Plant, machinery and equipment23€109k€97k▼
Furniture and vehicles24€30k€21k▼
Other tangible fixed assets26€12k€10k▼
Financial fixed assets28€6k€12k▲
Current assets29/58€715k€873k▲
Stocks and contracts in progress3€185k€230k▲
Stocks30/36€142k€187k▲
Contracts in progress37€43k€43k=
Amounts receivable within one year40/41€490k€565k▲
Trade receivables40€267k€489k▲
Other amounts receivable41€223k€76k▼
Cash at bank and in hand54/58€23k€57k▲
Deferred charges and accrued income490/1€17k€21k▲
Equity and liabilities
Total equity and liabilities10/49€2.96M€3.04M▲
Equity10/15€679k€764k▲
Contributions10/11€19k€19k=
Reserves13€660k€746k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€659k€744k▲
Amounts payable17/49€2.28M€2.27M▼
Amounts payable after more than one year17€927k€805k▼
Financial debts170/4€927k€805k▼
Amounts payable within one year42/48€1.35M€1.21M▼
Current portion of amounts payable after more than one year42€122k€122k=
Financial debts43€352k€350k▼
Credit institutions430/8€2k-
Other loans439€350k€350k=
Trade debts44€669k€558k▼
Suppliers440/4€669k€558k▼
Advances received on contracts in progress46€99k€148k▲
Taxes, remuneration and social security45€81k€36k▼
Taxes450/3€50k€21k▼
Remuneration and social security454/9€31k€15k▼
Other amounts payable47/48€27k-
Accrued charges and deferred income492/3-€252k
Income statement
Code20232024
Remuneration, social security and pensions62€222k€169k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€92k▲
Other operating charges640/8€8k€19k▲
Gross operating margin9900€535k€514k▼
Operating profit (loss)9901€216k€234k▲
Financial income75/76B€44k€2k▼
Recurring financial income75€13k€2k▼
Non-recurring financial income76B€31k-
Financial charges65/66B€47k€65k▲
Recurring financial charges65€36k€65k▲
Non-recurring financial charges66B€11k-
Profit (loss) for the period before taxes9903€214k€171k▼
Income taxes67/77€57k€56k▼
Profit (loss) for the period9904€157k€115k▼
Profit (loss) for the period to be appropriated9905€157k€115k▼
Appropriation of the result
Profit (loss) to be appropriated9906€157k€115k▼
Transfer from equity791/2€30k€30k=
Transfer to equity691/2€157k€115k▼
To other reserves6921€157k€115k▼
Profit to be distributed694/7€30k€30k=
Return on contributions (dividend)694€30k€30k=
Social balance
Average headcount (FTE)90874.33.0▼
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 71 days late
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 80 days late
2022
24-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 55 days late
2021
26-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 57 days late
2020
31-12
Financial
Highest result since 2018net €203k ▲451%
Net result €203k, the highest in the series.
31-12
Financial
Equity above €500kEq €523k ▲63.2%
3 profitable years in a row build equity to €523k.
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 94 days late
2019
31-12
Financial
Weakest financial yearnet €37k ▼1.3%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 50 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 92 days late
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Martens-Latem · 2 establishment units since 2010
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.
Hooglatemweg 18B9830 Sint-Martens-LatemGround area
1,768 m²
Building footprint
473 m²
Volume, LiDAR
2,716 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Paradox Art
since 20102.184.393.775
Klapstraat 4, 9831 Sint-Martens-Latem
since 20242.368.601.230
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0086/00M003 | Flanders | 989 m² | 1 · 323 m² | 8.8 m · 2 fl. |
| 44015B0036/00E000 | Flanders | 779 m² | 1 · 149 m² | 8.8 m · 2 fl. |
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.
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WAKO BASS MUSIC
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DOKUS
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Keerbergen · Eq €687k
Of 8,303 companies in sector 90201 we hold annual accounts for 602. 279 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-2009
Fiscal year end31-12
Abbreviation NL
Paradox
Activities, NACEBEL
90201Performing arts by independent artists
90031Arts creation and performing arts activities
90111Literary creation
90032Arts creation and performing arts activities
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.