THE BOX
ActiveSummary
THE BOX has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €484,045 and a net result of €4,281. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-1
Solvency78▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 2.03 in 2024; short-term debt: 14.9% and cash: 5.2% of total assets), and 47.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.9%
Return on assets
0.5%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
87 d early
2023
36 d early
2022
53 d early
2021
5 d early
2020
39 d early
2019
54 d late
← 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 22 days before the deadline; the sector median for financial year 2024 is 4 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 26 June (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€484,045▲ 0.9%
2024 · €479,764
Total assets
€915,443▼ 5.0%
2024 · €963,209
Net result
€4,281▼ 39.3%
2024 · €7,052
Working capital
€105,964▼ 14.7%
2024 · €124,229
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
Line20212022202320242025
Operating result€190,293▲ 822%€221,531▲ 16.4%€114,013▼ 48.5%€8,059▼ 92.9%€19,277▲ 139%
Net result€125,719above the sector's middle half▲ 2,507%€146,060above the sector's middle half▲ 16.2%€78,966above the sector's middle half▼ 45.9%€7,052within the sector's middle half▼ 91.1%€4,281within the sector's middle half▼ 39.3%
Equity€247,687above the sector's middle half▲ 59.8%€393,746above the sector's middle half▲ 59.0%€472,712above the sector's middle half▲ 20.1%€479,764above the sector's middle half▲ 1.5%€484,045within the sector's middle half▲ 0.9%
Total assets€1.1mabove the sector's middle half▲ 3.5%€1.1mabove the sector's middle half▼ 6.2%€1.0mabove the sector's middle half▼ 1.6%€963,209above the sector's middle half▼ 7.6%€915,443within the sector's middle half▼ 5.0%
Debt€881,452▼ 5.9%€665,739▼ 24.5%€569,470▼ 14.5%€483,444▼ 15.1%€431,398▼ 10.8%
Working capital-€30,362below the sector's middle half▲ 40.6%€173,470above the sector's middle half€153,294above the sector's middle half▼ 11.6%€124,229above the sector's middle half▼ 19.0%€105,964within the sector's middle half▼ 14.7%
Solvency21.9%within the sector's middle half▲ 7.7pp37.2%within the sector's middle half▲ 15.2pp45.4%within the sector's middle half▲ 8.2pp49.8%within the sector's middle half▲ 4.5pp52.9%within the sector's middle half▲ 3.1pp
Current ratio0.86below the sector's middle half▲ 0.242.23within the sector's middle half▲ 1.372.16within the sector's middle half▼ 0.072.03within the sector's middle half▼ 0.131.77within the sector's middle half▼ 0.25
Return on assets (ROA)11.1%within the sector's middle half▲ 10.7pp13.8%within the sector's middle half▲ 2.7pp7.6%within the sector's middle half▼ 6.2pp0.7%within the sector's middle half▼ 6.8pp0.5%within the sector's middle half▼ 0.3pp
Staff (FTE)10.3below the sector's middle half
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 139% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €915,443
Fixed assets
€672,639 ▼ 6.3%
Current assets
€242,804 ▼ 1.0%
Equity and liabilities €915,443
Equity
€484,045 ▲ 0.9%
Debt
€431,398 ▼ 10.8%
Debt's share of the balance-sheet total falls from 50.2% to 47.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89,280▼
2024 · €93,732
Cash flow
€74,284▼
2024 · €92,726
Debt to equity
0.89▼
2024 · 1.01
ROE
0.9%▼
2024 · 1.5%
Interest coverage
6.51▼
2024 · 13.43
Debt ≤ 1 year
€136,840▲
2024 · €120,938
Debt > 1 year
€294,558▼
2024 · €362,506
Income taxes
€5,072▼
2024 · €6,591
Staff costs
€18,688▲
2024 · €17,565
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €72,851 | - | - | €79 | - |
| Remuneration, social security and pensions62 | €321 | €10,098 | €40,916 | €17,565 | €18,688 | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81,163 | €76,879 | €84,348 | €85,673 | €70,003 | ▼ 18.3% |
| Other operating charges640/8 | €6,728 | €6,604 | €6,955 | €6,292 | €7,208 | ▲ 14.6% |
| Non-recurring operating charges66A | - | - | - | - | €9,210 | - |
| Gross operating margin9900 | €278,505 | €315,113 | €246,232 | €117,588 | €124,386 | ▲ 5.8% |
| Operating profit (loss)9901 | €190,293 | €221,531 | €114,013 | €8,059 | €19,277 | ▲ 139% |
| Financial income75/76B | €172 | €791 | €11,544 | €12,566 | €3,781 | ▼ 69.9% |
| Recurring financial income75 | €172 | €791 | €11,544 | €12,566 | €3,781 | ▼ 69.9% |
| Financial charges65/66B | €9,335 | €10,139 | €12,322 | €6,982 | €13,706 | ▲ 96.3% |
| Recurring financial charges65 | €9,335 | €10,139 | €12,322 | €6,982 | €13,706 | ▲ 96.3% |
| Profit (loss) for the period before taxes9903 | €181,130 | €212,184 | €113,236 | €13,643 | €9,352 | ▼ 31.5% |
| Income taxes67/77 | €55,411 | €66,125 | €34,270 | €6,591 | €5,072 | ▼ 23.0% |
| Profit (loss) for the period9904 | €125,719 | €146,060 | €78,966 | €7,052 | €4,281 | ▼ 39.3% |
| Profit (loss) for the period to be appropriated9905 | €125,719 | €146,060 | €78,966 | €7,052 | €4,281 | ▼ 39.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €963,209 | €915,443 | ▼ 5.0% |
| Fixed assets21/28 | €949,973 | €744,813 | €756,901 | €718,041 | €672,639 | ▼ 6.3% |
| Tangible fixed assets22/27 | €949,973 | €744,813 | €756,901 | €718,041 | €672,639 | ▼ 6.3% |
| Land and buildings22 | €880,515 | €700,079 | €724,067 | €704,213 | €651,099 | ▼ 7.5% |
| Plant, machinery and equipment23 | - | - | - | - | €9,065 | - |
| Furniture and vehicles24 | €64,070 | €40,557 | €31,128 | €9,480 | €6,386 | ▼ 32.6% |
| Other tangible fixed assets26 | €5,388 | €4,177 | €1,706 | €4,347 | €6,090 | ▲ 40.1% |
| Current assets29/58 | €179,166 | €314,672 | €285,281 | €245,168 | €242,804 | ▼ 1.0% |
| Amounts receivable after more than one year29 | €45,000 | - | - | - | - | - |
| Other amounts receivable291 | €45,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €31,668 | €162,199 | €162,815 | €195,199 | €189,625 | ▼ 2.9% |
| Trade receivables40 | €18,150 | €7,563 | €4,840 | €11,771 | €3,737 | ▼ 68.3% |
| Other amounts receivable41 | €13,518 | €154,636 | €157,975 | €183,428 | €185,888 | ▲ 1.3% |
| Current investments50/53 | €81,094 | €127,094 | €100,570 | €15,089 | - | - |
| Cash at bank and in hand54/58 | €20,623 | €18,513 | €9,822 | €22,814 | €47,603 | ▲ 109% |
| Deferred charges and accrued income490/1 | €781 | €6,867 | €12,074 | €12,065 | €5,576 | ▼ 53.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €963,209 | €915,443 | ▼ 5.0% |
| Equity10/15 | €247,687 | €393,746 | €472,712 | €479,764 | €484,045 | ▲ 0.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €241,487 | €387,546 | €466,512 | €473,564 | €477,845 | ▲ 0.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €239,627 | €385,686 | €464,652 | €471,704 | €475,985 | ▲ 0.9% |
| Amounts payable17/49 | €881,452 | €665,739 | €569,470 | €483,444 | €431,398 | ▼ 10.8% |
| Amounts payable after more than one year17 | €671,925 | €524,537 | €437,483 | €362,506 | €294,558 | ▼ 18.7% |
| Financial debts170/4 | €671,925 | €524,537 | €437,483 | €362,506 | €294,558 | ▼ 18.7% |
| Amounts payable within one year42/48 | €209,527 | €141,203 | €131,987 | €120,938 | €136,840 | ▲ 13.1% |
| Current portion of amounts payable after more than one year42 | €137,953 | €85,542 | €84,818 | €79,115 | €67,926 | ▼ 14.1% |
| Financial debts43 | €70 | - | €18 | - | €1,743 | - |
| Credit institutions430/8 | €70 | - | €18 | - | €1,743 | - |
| Trade debts44 | €4,213 | €11,157 | €14,940 | €13,687 | €43,917 | ▲ 221% |
| Suppliers440/4 | €4,213 | €11,157 | €14,940 | €13,687 | €43,917 | ▲ 221% |
| Taxes, remuneration and social security45 | €30,242 | €33,130 | €17,406 | €20,112 | €16,244 | ▼ 19.2% |
| Taxes450/3 | €30,242 | €32,124 | €12,759 | €17,993 | €14,050 | ▼ 21.9% |
| Remuneration and social security454/9 | - | €1,005 | €4,647 | €2,119 | €2,194 | ▲ 3.5% |
| Other amounts payable47/48 | €37,050 | €11,374 | €14,804 | €8,024 | €7,010 | ▼ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €125,719 | €146,060 | €78,966 | €7,052 | €4,281 | ▼ 39.3% |
| + Depreciation and write-downs630 | €81,163 | €76,879 | €84,348 | €85,673 | €70,003 | ▼ 18.3% |
| Operating cash flow (approximation) | €206,882 | €222,939 | €163,314 | €92,726 | €74,284 | ▼ 19.9% |
| Investment in fixed assets (approximation) | - | €128,281 | -€96,436 | -€46,813 | -€24,601 | ▲ 47.4% |
| Change in cash | - | -€2,111 | -€8,691 | €12,993 | €24,788 | ▲ 90.8% |
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
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €146,060 ▲16.2%
Operating result €221,531, net result €146,060, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.23
Current ratio from 0.86 to 2.23; short-term debt falls from €209,527 to €141,203.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €247,687 ▲59.8%
4 profitable years in a row build equity to €247,687.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Weakest financial yearnet €2,295 ▼92.2%
Net result drops to €2,295, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €150,157 ▲1.6%
2 profitable years in a row build equity to €150,157.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 1999
Ground area
228 m²
Building footprint
126 m²
Volume, LiDAR
1,108 m³
Parcel 11303B0363/00T000, Flanders · tallest building 16.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Theophiel Roucourtstraat 30, 2600 Antwerpen
since 19992.092.888.133
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0363/00T000 | Flanders | 228 m² | 1 · 126 m² | 16.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 3,000 EUR | 3,000 EUR |
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Of 368 companies in sector 90311 we hold annual accounts for 156. 102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
68321Property management for co-owned buildings (syndics)
90311Arts creation and performing arts activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466933254
Also
9925:BE0466933254
Registered
11-04-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.