Equity
€52,985 from €134,015 in 2015
Equity fell by 60% in 10 years.
PLAY FIRST!
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2002peak €105,184 (2011)
-€1,020▲ €2,108
lowest -€44,481 (2009)
-€3,833▲ €2,452
peak €134,015 (2015)
€52,985▼ 6.7%
€488▲ 98×
peak 1 FTE (2009)
-not published
Board3 names since 2019
1 directorLINDER Théo Louis Robert
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from -€3,128 to -€1,020Loss of €3,833Debts from €5 to €488
Key points
from the 2025 annual accountsLosses
-€30,029 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Filings
24 annual accounts since 2002
Eight of the last ten came late. The 2020 accounts came latest: 152 days after the end of the period.
At the same address
5 companies
Subsidiaries
-€20,893
Subsidiary with negative equity. TME 2 · loss of €1,350 in 2025.
Position in the sector
99.1%
Higher solvency than 95% of companies in creative and performing arts. Sector median 49.2% · 2,486 companies.
Turnover not published (micro format)
Checked score
94
Excellent
Financially stronger than 50% of micro companies in creative and performing arts (NACE 90)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.2%▲ +0.1 percentage points vs 01-2025highest value
03-2025: 0.1%▼ -0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Loss of €3,833, the second in a row (financial year 2025)
lowers risk
Sector: Arts creation and performing arts activities (NACE 90)
Equity €52,985 (99.1% of total assets)
Liquidity: current ratio 60.65, cash €7,702
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 90, micro). It does better than 88% of them on solvency, 58% on liquidity, 19% on profitability and 34% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as PLAY FIRST! has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PLAY FIRST! itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for PLAY FIRST!. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 60.65, above the usual 1.5. Short-term debt is 0.9% and cash 14.4% of total assets. 0.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€3,833
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
24 days late
2023
19 days late
2022
56 days late
2021
28 days late
2020
152 days late
2019
18 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 42 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 24 February (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Board and ownership
LT
LINDER Théo Louis Robert
Director, since 16-12-2019
- LINDER Théodore Louis Robert all the sharesdeed of 27-06-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0474514201
Change of role: LINDER Théodore Louis Robert, from manager to director
“activités d'hébergement touristique et d'édition musicale,ainsi que conseil comptable et fiscal” (deed in French) · LINDER Théodore Louis Robert holds all the shares · General meeting of 22-06-2023 · Gazette deed
Registered office moved within Brussels
New registered office: rue Léon Lepage 3, 1000 Bruxelles · Previous registered office: Rue du Marché au Charbon 116, 1000 Bruxelles · Gazette deed
New manager
LINDER Théodore appointed, MONTERO David resigned · General meeting of 03-02-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PLAY FIRST! Brussels | €53,473 | -€1,020 | 99.1% | - |
| WILLITS Bruges | €35,457 | -€352 | 100.0% | - |
| ARCANGE Villers-la-Ville | €37,951 | €1,684 | -27.6% | - |
| BATTLESTAR Lier | €54,898 | -€2,166 | -78.8% | - |
| Sing Sing Sing Schoten | €38,335 | €1,636 | 61.0% | - |
| Ab Ottignies-Louvain-la-Neuve | €116,645 | -€457 | 34.5% | - |
| TOMDOB Rixensart | €45,115 | -€195 | 95.4% | - |
These companies have the same main activity as PLAY FIRST!: promotion and organisation of arts and performing arts events (NACE 90391). They are comparable in size and age: total assets between €35,500 and €117,000, founded between 1993 and 2009.
Official details
Source: KBO- Status
- Active since 04-04-2001Normal situation
- Activity
- Promotion and organisation of arts and performing arts eventsNACE 90391and 2 others
- Establishment unit
- 2.098.069.7151000 Brussels, since 14-05-2001
- Financial year end
- 30 June
- Peppol
- Reachable since 21-07-2026
Annual accounts to 30-06-2025
- €53,473▼ 5.9%
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on PLAY FIRST!
PLAY FIRST! files the micro format. That format states no turnover. The gross margin fell from €13,055 in 2007 to -€1,020 in 2025.
The balance sheet grew most in 2008 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PLAY FIRST!
- What is the company number of PLAY FIRST!?
- The company number of PLAY FIRST! is 0474.514.201. The VAT number is the same number with BE in front: BE 0474.514.201.
- Where is PLAY FIRST! based?
- The registered office is at Léon Lepagestraat 3, 1000 Brussels.Company details
- What does PLAY FIRST! do?
- According to the KBO register, the main activity is promotion and organisation of arts and performing arts events (NACE 90391).
- What is the legal form of PLAY FIRST!?
- PLAY FIRST! is a private limited company (BV).
- When was PLAY FIRST! founded?
- PLAY FIRST! was founded on 04-04-2001.
- Is PLAY FIRST! still active?
- Yes, PLAY FIRST! is an active enterprise in the KBO register.
- What is the turnover of PLAY FIRST!?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is PLAY FIRST! profitable?
- In financial year 2025, PLAY FIRST! made a loss of €3,833.
- Where can I find the annual accounts of PLAY FIRST!?
- PLAY FIRST! filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PLAY FIRST! due?
- PLAY FIRST! must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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