Turnover
The micro format states no turnover.
The micro format states no turnover.
Higher net result than 84% of companies in creative and performing arts. Sector median €6,328 · 2,481 companies.
The dashed line is the sector median: 0.1% across 3,429 companies (NACE 90, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 45% of them on solvency, 14% on liquidity, 77% on profitability and 90% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
In July 2024, 39,278 companies had the same profile as Tabelu has now. Each dot stands for 99 companies, two years later.
That fits the bankruptcy probability of Tabelu itself: 1.4% within 12 months.
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 39,278 companies, not a prediction for Tabelu. 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.
Liquidity is insufficient, with a current ratio of 0.64 (0.28 in 2024), below 1. Short-term debt is 59.5% and cash 4.3% of total assets. 59.5% of the assets are financed with debt and provisions.
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.
The company filed its last 2 accounts on average 60 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.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Tabelu Bruges | €209,330 | €94,878 | 40.5% | - |
| Ruben De Gheselle Ghent | €133,418 | €92,177 | 25.7% | - |
| JVSIONS Braine-l'Alleud | €289,974 | €95,416 | 46.9% | - |
| Easy Rider Kortrijk | €106,966 | €78,179 | 35.5% | - |
| Aftertones Antwerp | €172,270 | €159,097 | 66.0% | - |
| COMME CHEZ NOUS PRODUCTIONS Verviers | €254,854 | €41,287 | 12.1% | - |
| BOOKED AGENCY Aartselaar | €135,417 | €225,059 | 17.5% | - |
These companies have the same main activity as Tabelu: performing arts by artistic ensembles (NACE 90202). They are comparable in size and age: total assets between €107,000 and €290,000, founded between 2022 and 2024.
Tabelu has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,844 and a net result of €40,464.
Its solvency ranks better than 44% of 2,485 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €290,000. Estimated: probably between €190,000 and €490,000.
Higher than 44% of 2,485 companies in 2025.
Higher than 17% of 2,348 companies in 2025.
Higher than 75% of 2,393 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
Total assets20/58 |
209,330 | 201,992 | |
Fixed assets21/28 |
129,314 | 157,311 | |
Intangible fixed assets21 |
109,041 | 149,041 | |
Tangible fixed assets22/27 |
20,273 | 8,270 | |
Plant, machinery and equipment23 |
20,273 | 8,270 | |
Current assets29/58 |
80,015 | 44,680 | |
Amounts receivable within one year40/41 |
70,587 | 33,622 | |
Trade receivables40 |
70,405 | 28,755 | |
Other amounts receivable41 |
182 | 4,867 | |
Cash at bank and in hand54/58 |
8,972 | 8,174 | |
Deferred charges and accrued income490/1 |
457 | 2,884 | |
| Balance sheet: equity and liabilities | |||
Total equity and liabilities10/49 |
209,330 | 201,992 | |
Equity10/15 |
84,844 | 44,381 | |
Contributions10/11 |
30,000 | 30,000 | |
Reserves13 |
54,844 | 14,381 | |
Distributable reserves133 |
54,844 | 14,381 | |
Amounts payable17/49 |
124,485 | 157,611 | |
Amounts payable within one year42/48 |
124,485 | 157,611 | |
Trade debts44 |
4,545 | 4,091 | |
Suppliers440/4 |
4,545 | 4,091 | |
Taxes, remuneration and social security45 |
14,940 | 3,520 | |
Taxes450/3 |
14,940 | 3,520 | |
Other amounts payable47/48 |
105,000 | 150,000 | |
| Income statement | |||
Gross operating margin9900 |
94,878 | 70,493 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
42,517 | 51,622 | |
Other operating charges640/8 |
400 | 788 | |
Operating profit (loss)9901 |
51,961 | 18,083 | |
Financial income75/76B |
0 | 1 | |
Recurring financial income75 |
0 | 1 | |
Financial charges65/66B |
1,545 | 184 | |
Recurring financial charges65 |
1,545 | 184 | |
Profit (loss) for the period before taxes9903 |
50,416 | 17,901 | |
Income taxes67/77 |
9,953 | 3,520 | |
Profit (loss) for the period9904 |
40,464 | 14,381 | |
Profit (loss) for the period to be appropriated9905 |
40,464 | 14,381 | |
| Appropriation of the result | |||
Profit (loss) to be appropriated9906 |
40,464 | 14,381 | |
Transfer to equity691/2 |
40,464 | 14,381 | |
To other reserves6921 |
40,464 | 14,381 | |
| Document | |||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-09-2026.
2025 annual accounts filed 59 days after the deadline. Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00527219.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| EBITDA | 94,478 | 69,705 | |
| Cash flow | 82,981 | 66,003 | |
| Investment in fixed assets | 14,520 | 208,933 | |
| Change in cash | 798 | - | |
| Working capital | -44,470 | -112,931 | |
| Solvency | 40.5% | 22.0% | |
| Current ratio | 0.64 | 0.28 | |
| Debt to equity | 1.47 | 3.55 | |
| ROE | 47.7% | 32.4% | |
| ROA | 19.3% | 7.1% | |
| Interest coverage | 61.16 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €14,520 | €8,933 |
| Intangible fixed assets | - | €200,000 |
| Depreciation and write-downs of the year | €42,517 | €51,622 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 187% higher than in 2024.
Debt's share of the balance-sheet total falls from 78.0% to 59.5%. Equity is higher and debt is lower.
Tabelu has no parent and no holdings in its annual accounts.
| Giuntura
establishment since 12-03-2012 · founded in 2012 |
total assets €494,996 (2025) 0843.000.571 |
| TOL PRODUCTIONS
registered office since 08-11-2023 |
founded in 2023 1002.076.712 |
| De Decker, Talitha (sole trader)
establishment since 01-10-2015 |
founded in 2015 0835.970.843 |
| Lycke, Benjamien (sole trader)
establishment since 12-05-2014 |
founded in 2014 0552.583.660 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Oude Gentweg 129 registered office 8000 Bruges | 27-07-2023 | 2.347.818.088 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31803C0449/00E000 | 188 m² | 1 · 117 m² | 10.7 m · 2 |
If something looks wrong or is missing, please tell us.