Financials
- Fiscal year
- 2025
- Total assets
- €104,405
- Loss
- -€10,267
- Solvency
- -62.9%
Total assets▲ 50.4%
Net result
20182025
Service Area
ActiveSummary
Service Area has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€65,699) and a net result of -€10,267. Equity is shrinking by ~22% per year across the filed fiscal years. Its solvency ranks better than 9% of 2405 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Activity
Performing arts by independent artists
NACE 90201NACE 90011
1 site
Size
€104,405total assets 2025
- Equity
- -€65,699
- Loss
- -€10,267
Turnover not published (abridged schema)
Structure
Accounts filed 31 d late0 of 6 deeds read
Why 53Capped at 59: negative equity- Loss of €10,267, the second in a row (FY 2025)- Latest accounts 31 days late; 2 of the last 3 late+ Size: total assets €104,405+ Sector Arts creation and performing arts activities (NACE 90)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 14% of its sector peers (NACE 90, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -62.9% of total assets
Liquidity
9-12
short-term debt 109.3% · cash 7.4%
Profitability
6+6
return on assets -9.8%
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.7%
12-2024: 1.7%● 0.0% vs 11-2024
01-2025: 1.7%● 0.0% vs 12-2024
02-2025: 1.7%● 0.0% vs 01-2025
03-2025: 1.7%● 0.0% vs 02-2025
04-2025: 1.7%● 0.0% vs 03-2025
05-2025: 1.5%▼ -8.0% vs 04-2025
06-2025: 1.5%▼ -0.6% vs 05-2025
07-2025: 1.8%▲ +17.5% vs 06-2025
08-2025: 2.2%▲ +24.4% vs 07-2025
09-2025: 2.5%▲ +11.7% vs 08-2025
10-2025: 3.2%▲ +27.1% vs 09-2025
11-2025: 3.3%▲ +4.4% vs 10-2025
12-2025: 3.8%▲ +14.9% vs 11-2025highest value
01-2026: 2.9%▼ -23.8% vs 12-2025
02-2026: 2.9%● 0.0% vs 01-2026
03-2026: 2.4%▼ -17.4% vs 02-2026
04-2026: 2.4%▲ +0.2% vs 03-2026
05-2026: 2.4%● 0.0% vs 04-2026
06-2026: 2.3%▼ -3.9% vs 05-2026
07-2026: 2.3%▲ +1.1% vs 06-2026
08-2026: 2.5%▲ +8.5% vs 07-2026
09-2026: 0.9%▼ -63.0% vs 08-2026
10-2026: 0.9%▼ -1.7% vs 09-2026lowest value
- Size: total assets €104,405 lowers the probability for this profile
- Loss of €10,267, the second in a row (FY 2025) raises the probability
- Sector Arts creation and performing arts activities (NACE 90) lowers the probability
- Latest accounts 31 days late; 2 of the last 3 late raises the probability
No credit on open account
Liquidity short (current ratio 0.79 against 1.03 in 2024; short-term debt: 109.3% and cash: 7.4% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 90, micro). Better than this share of them on solvency 6%, liquidity 7%, profitability 17%, growth against the median 24%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€65,699
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
209 d late
2023
1 d early
2022
69 d early
2021
33 d early
2020
11 d early
2019
on the day
← 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 18 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 (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. Usually files around 31 July (4 of the last 5 filed years within 69 days of that day).
Companies Code · seven monthsPosition in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€16,572
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 25-02-2026Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Performing arts by independent artistsNACE 90201
- Founded
- 05-02-2008
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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