PERFORMING ARTS SERVICES
ActiveSummary
PERFORMING ARTS SERVICES has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €63,783 and a net result of -€20,483. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 61% of 2467 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-79
Solvency86▼-14
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.81 against 2.57 in 2023; short-term debt: 38.8% and cash: 25.9% of total assets), and 38.9% of the assets are financed with debt.
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Signals
Six 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 · 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
raises risk · 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 2024Solvency, return and age of the figures
Solvency
61.1%
Return on assets
-19.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
22 d late
2022
12 d early
2021
29 d late
2020
11 d late
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€63,783▼ 24.3%
2023 · €84,266
Total assets
€104,425▼ 6.6%
2023 · €111,779
Net result
-€20,483
2023 · €8,797
Working capital
€32,670▼ 24.3%
2023 · €43,173
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
Line20202021202220232024
Operating result€3,010€29,426▲ 878%€1,008▼ 96.6%€8,937▲ 787%-€20,332
Net result€3,706within the sector's middle half€30,041above the sector's middle half▲ 711%€1,731within the sector's middle half▼ 94.2%€8,797within the sector's middle half▲ 408%-€20,483below the sector's middle half
Equity€43,697within the sector's middle half▲ 9.3%€73,738within the sector's middle half▲ 68.7%€75,469within the sector's middle half▲ 2.3%€84,266within the sector's middle half▲ 11.7%€63,783within the sector's middle half▼ 24.3%
Total assets€60,353within the sector's middle half▲ 15.5%€91,897within the sector's middle half▲ 52.3%€96,520within the sector's middle half▲ 5.0%€111,779within the sector's middle half▲ 15.8%€104,425within the sector's middle half▼ 6.6%
Debt€16,656▲ 35.7%€18,160▲ 9.0%€21,052▲ 15.9%€27,514▲ 30.7%€40,642▲ 47.7%
Working capital€42,956within the sector's middle half▲ 94.2%€72,808within the sector's middle half▲ 69.5%€36,280within the sector's middle half▼ 50.2%€43,173within the sector's middle half▲ 19.0%€32,670within the sector's middle half▼ 24.3%
Solvency72.4%within the sector's middle half▼ 4.1pp80.2%above the sector's middle half▲ 7.8pp78.2%above the sector's middle half▼ 2.0pp75.4%above the sector's middle half▼ 2.8pp61.1%within the sector's middle half▼ 14.3pp
Current ratio5.98above the sector's middle half▲ 3.188.19above the sector's middle half▲ 2.212.72within the sector's middle half▼ 5.472.57within the sector's middle half▼ 0.151.81within the sector's middle half▼ 0.76
Return on assets (ROA)6.1%within the sector's middle half▲ 26.2pp32.7%above the sector's middle half▲ 26.5pp1.8%within the sector's middle half▼ 30.9pp7.9%within the sector's middle half▲ 6.1pp-19.6%below the sector's middle half▼ 27.5pp
Staff (FTE)0.30.8▲ 167%0.9▲ 12.5%1▲ 11.1%
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
The operating result turns negative in 2024: a loss of €20,332 after €8,937 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €104,425
Fixed assets
€31,227 ▼ 24.0%
Current assets
€73,198 ▲ 3.6%
Equity and liabilities €104,425
Equity
€63,783 ▼ 24.3%
Debt
€40,642 ▲ 47.7%
Debt's share of the balance-sheet total rises from 24.6% to 38.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€10,466▼
2023 · €18,332
Cash flow
-€10,617▼
2023 · €18,193
Debt to equity
0.64▲
2023 · 0.33
ROE
-32.1%▼
2023 · 10.4%
Interest coverage
-68.16▼
2023 · 130.02
Debt ≤ 1 year
€40,528▲
2023 · €27,514
Income taxes
€1▲
2023 · €0
Staff costs
€20,714▲
2023 · €14,170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,834 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €16,116 | - |
| Remuneration, social security and pensions62 | - | €3,716 | €11,155 | €14,170 | €20,714 | ▲ 46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,091 | €2,380 | €5,568 | €9,395 | €9,866 | ▲ 5.0% |
| Other operating charges640/8 | - | €2,281 | €2,330 | €2,715 | €3,475 | ▲ 28.0% |
| Gross operating margin9900 | €15,471 | €37,802 | €20,061 | €35,218 | €13,723 | ▼ 61.0% |
| Operating profit (loss)9901 | €3,010 | €29,426 | €1,008 | €8,937 | -€20,332 | ▼ 328% |
| Financial income75/76B | - | €723 | €859 | €2 | €3 | ▲ 103% |
| Recurring financial income75 | €1,035 | €723 | €859 | €2 | €3 | ▲ 103% |
| Financial charges65/66B | - | €108 | €136 | €141 | €154 | ▲ 8.9% |
| Recurring financial charges65 | €339 | €108 | €136 | €141 | €154 | ▲ 8.9% |
| Profit (loss) for the period before taxes9903 | €3,706 | €30,041 | €1,731 | €8,797 | -€20,482 | ▼ 333% |
| Income taxes67/77 | - | - | - | €0 | €1 | ▲ 638% |
| Profit (loss) for the period9904 | €3,706 | €30,041 | €1,731 | €8,797 | -€20,483 | ▼ 333% |
| Profit (loss) for the period to be appropriated9905 | €3,706 | €30,041 | €1,731 | €8,797 | -€20,483 | ▼ 333% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,353 | €91,897 | €96,520 | €111,779 | €104,425 | ▼ 6.6% |
| Fixed assets21/28 | €8,779 | €8,967 | €39,189 | €41,093 | €31,227 | ▼ 24.0% |
| Tangible fixed assets22/27 | €8,779 | €8,847 | €39,189 | €41,093 | €31,227 | ▼ 24.0% |
| Land and buildings22 | - | €4,888 | €26,294 | €26,847 | €23,268 | ▼ 13.3% |
| Plant, machinery and equipment23 | - | €3,959 | €2,541 | €4,281 | €2,498 | ▼ 41.7% |
| Furniture and vehicles24 | - | - | €10,354 | €9,965 | €5,461 | ▼ 45.2% |
| Financial fixed assets28 | - | €120 | - | - | - | - |
| Current assets29/58 | €51,574 | €82,930 | €57,331 | €70,686 | €73,198 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €32,049 | €33,065 | €39,386 | €41,283 | €44,428 | ▲ 7.6% |
| Trade receivables40 | - | €20,301 | €24,899 | €27,714 | €30,678 | ▲ 10.7% |
| Other amounts receivable41 | - | €12,764 | €14,487 | €13,570 | €13,750 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €17,992 | €48,622 | €16,285 | €28,020 | €27,003 | ▼ 3.6% |
| Deferred charges and accrued income490/1 | - | €1,244 | €1,660 | €1,383 | €1,767 | ▲ 27.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,353 | €91,897 | €96,520 | €111,779 | €104,425 | ▼ 6.6% |
| Equity10/15 | €43,697 | €73,738 | €75,469 | €84,266 | €63,783 | ▼ 24.3% |
| Contributions10/11 | €99,161 | €99,161 | €99,161 | €99,161 | €99,161 | = |
| Capital10 | - | €99,161 | €99,161 | €99,161 | €99,161 | = |
| Issued capital100 | - | €99,161 | €99,161 | €99,161 | €99,161 | = |
| Reserves13 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Non-distributable reserves130/1 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | -€61,661 | -€31,621 | -€29,890 | -€21,093 | -€41,575 | ▼ 97.1% |
| Amounts payable17/49 | €16,656 | €18,160 | €21,052 | €27,514 | €40,642 | ▲ 47.7% |
| Amounts payable within one year42/48 | €8,618 | €10,122 | €21,052 | €27,514 | €40,528 | ▲ 47.3% |
| Trade debts44 | €2,621 | €1,835 | €1,435 | €2,977 | €6,675 | ▲ 124% |
| Suppliers440/4 | - | €1,835 | €1,435 | €2,977 | €6,675 | ▲ 124% |
| Taxes, remuneration and social security45 | - | €1,573 | €1,219 | €2,231 | €7,596 | ▲ 240% |
| Taxes450/3 | - | €1,316 | €325 | €269 | €3,774 | ▲ 1,302% |
| Remuneration and social security454/9 | - | €257 | €894 | €1,962 | €3,822 | ▲ 94.8% |
| Other amounts payable47/48 | - | €6,714 | €18,398 | €22,306 | €26,257 | ▲ 17.7% |
| Accrued charges and deferred income492/3 | - | €8,038 | - | - | €114 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,706 | €30,041 | €1,731 | €8,797 | -€20,483 | ▼ 333% |
| + Depreciation and write-downs630 | €9,091 | €2,380 | €5,568 | €9,395 | €9,866 | ▲ 5.0% |
| Operating cash flow (approximation) | €12,797 | €32,421 | €7,299 | €18,193 | -€10,617 | ▼ 158% |
| Investment in fixed assets (approximation) | - | -€2,568 | -€35,790 | -€11,299 | €0 | ▲ 100% |
| Change in cash | - | €30,630 | -€32,337 | €11,735 | -€1,017 | ▼ 109% |
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
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€20,483
Net result drops to -€20,483, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €30,041 ▲711%
Operating result €29,426, net result €30,041, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Back to profitnet €3,706
Net result €3,706 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 5.98
Current ratio from 2.80 to 5.98; short-term debt falls from €12,278 to €8,618.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Waterloo · 1 establishment unit since 1994
Ground area
395 m²
Building footprint
421 m²
Volume, LiDAR
2,371 m³
2 parcels, Wallonia · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PERFORMING ARTS SERVICES
since 19942.041.422.111
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763K0357/00_000 | Wallonia | 221 m² | 1 · 231 m² | 10.6 m · 2 fl. |
| 25763K0355/00A000 | Wallonia | 175 m² | 1 · 190 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 · 1 entry · 7,500 EUR in total| Year | Entries | paid |
|---|---|---|
| 2021 | 1 | 7,500 EUR |
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Of 2,276 companies in sector 90202 we hold annual accounts for 415. 320 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-11-1988
Fiscal year end31-12
Activities, NACEBEL 2025
85520Cultural education
90202Performing arts by artistic ensembles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435823770
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.