THEATRE MARNI
ActiveSummary
THEATRE MARNI has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €65k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 233 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+20
Solvency71▲+40
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.42 in 2024; short-term debt: 43.5% and cash: 0.5% of total assets), but 54.3% of the assets are financed with debt.
Credit check for your own amount and term
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
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
45.7%
Return on assets
40.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
84 d early
2023
57 d early
2022
88 d early
2021
94 d early
2020
72 d early
2019
80 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€65k▲ 421%
2024 · €13k
2018: €27k
2019: €16k▼ -42.0% vs 2018
2020: €-5k▼ -130% vs 2019
2021: €8k▲ +266% vs 2020
2022: €11k▲ +42.5% vs 2021
2023: €-30k▼ -369% vs 2022lowest in 8 years
2024: €13k▲ +142% vs 2023
2025: €65k▲ +421% vs 2024highest in 8 years
2018 → 2025
Working capital
€48k▲ 54.0%
2024 · €31k
2018: €-29klowest in 8 years
2019: €-9k▲ +69.6% vs 2018
2020: €30k▲ +449% vs 2019
2021: €36k▲ +18.3% vs 2020
2022: €27k▼ -25.0% vs 2021
2023: €6k▼ -78.9% vs 2022
2024: €31k▲ +446% vs 2023
2025: €48k▲ +54.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€26k▲ 76.8%€-4k€8k€73k▲ 799%
2021: €14k
2022: €26k▲ +76.8% vs 2021
2023: €-4k▼ -117% vs 2022lowest in 5 years
2024: €8k▲ +288% vs 2023
2025: €73k▲ +799% vs 2024highest in 5 years
Operating result€8k-€11k▲ 38.7%€-30k€12k€64k▲ 438%
2021: €8k
2022: €11k▲ +38.7% vs 2021
2023: €-30k▼ -360% vs 2022lowest in 5 years
2024: €12k▲ +140% vs 2023
2025: €64k▲ +438% vs 2024highest in 5 years
Net result€8k-€11k▲ 42.5%€-30k€13k€65k▲ 421%
2021: €8k
2022: €11k▲ +42.5% vs 2021
2023: €-30k▼ -369% vs 2022lowest in 5 years
2024: €13k▲ +142% vs 2023
2025: €65k▲ +421% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 438% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161k
Fixed assets
€43k ▲ 16.2%
Current assets
€118k ▲ 11.6%
Equity and liabilities €161k
Equity
€73k ▲ 799%
Provisions
€0 ▼ 100%
Debt
€87k ▼ 5.2%
Debt's share of the balance-sheet total falls from 64.6% to 54.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77k▲
2024 · €25k
Cash flow
€78k▲
2024 · €26k
Current ratio
1.68▲
2024 · 1.42
Quick ratio
1.57▲
2024 · 1.39
Debt to equity
1.19▼
2024 · 11.26
ROE
88.9%▼
2024 · 153.3%
ROA
40.6%▲
2024 · 8.8%
Interest coverage
122.51▲
2024 · 19.74
Debt ≤ 1 year
€70k▼
2024 · €74k
Income taxes
€666▲
2024 · €364
Staff costs
€482k▲
2024 · €466k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€142k€161k▲
Fixed assets21/28€37k€43k▲
Tangible fixed assets22/27€37k€42k▲
Plant, machinery and equipment23€37k€32k▼
Furniture and vehicles24-€5k
Other tangible fixed assets26-€5k
Financial fixed assets28€305€805▲
Current assets29/58€105k€118k▲
Stocks and contracts in progress3€2k€8k▲
Stocks30/36€2k€8k▲
Amounts receivable within one year40/41€19k€22k▲
Trade receivables40€9k€2k▼
Other amounts receivable41€11k€20k▲
Current investments50/53€79k€83k▲
Cash at bank and in hand54/58€543€747▲
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€142k€161k▲
Equity10/15€8k€73k▲
Reserves13€94€42k▲
Profit (loss) carried forward14€8k€31k▲
Provisions and deferred taxes16€42k-
Provisions for liabilities and charges160/5€42k-
Other liabilities and charges164/5€42k-
Amounts payable17/49€92k€87k▼
Amounts payable within one year42/48€74k€70k▼
Trade debts44€16k€15k▼
Suppliers440/4€16k€15k▼
Taxes, remuneration and social security45€59k€55k▼
Remuneration and social security454/9€59k€55k▼
Accrued charges and deferred income492/3€18k€17k▼
Income statement
Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€466k€482k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€750€1k▲
Gross operating margin9900€495k€521k▲
Operating profit (loss)9901€12k€64k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€1k€629▼
Recurring financial charges65€1k€629▼
Profit (loss) for the period before taxes9903€13k€66k▲
Income taxes67/77€364€666▲
Profit (loss) for the period9904€13k€65k▲
Profit (loss) for the period to be appropriated9905€13k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€73k▲
Profit (loss) brought forward from the previous period14P€-4k€8k▲
To contributions691-€42k
Social balance
Average headcount (FTE)90879.69.0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €7k | €2k | - | - | €5k | - |
| Remuneration, social security and pensions62 | €323k | €351k | €401k | €466k | €482k | ▲ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €11k | €14k | €13k | €13k | ▼ 5.3% |
| Other operating charges640/8 | €4k | €4k | €5k | €3k | €3k | ▼ 14.9% |
| Non-recurring operating charges66A | €473 | €9k | €330 | €750 | €1k | ▲ 98.0% |
| Gross operating margin9900 | €345k | €377k | €390k | €495k | €521k | ▲ 5.2% |
| Operating profit (loss)9901 | €8k | €11k | €-30k | €12k | €64k | ▲ 438% |
| Financial income75/76B | - | €46 | €1 | €2k | €2k | ▲ 1.9% |
| Recurring financial income75 | - | €46 | €1 | €2k | €2k | ▲ 1.9% |
| Financial charges65/66B | €428 | €348 | €281 | €1k | €629 | ▼ 51.1% |
| Recurring financial charges65 | €428 | €348 | €281 | €1k | €629 | ▼ 51.1% |
| Profit (loss) for the period before taxes9903 | €8k | €11k | €-30k | €13k | €66k | ▲ 412% |
| Income taxes67/77 | - | - | - | €364 | €666 | ▲ 83.1% |
| Profit (loss) for the period9904 | €8k | €11k | €-30k | €13k | €65k | ▲ 421% |
| Profit (loss) for the period to be appropriated9905 | €8k | €11k | €-30k | €13k | €65k | ▲ 421% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127k | €148k | €121k | €142k | €161k | ▲ 12.8% |
| Fixed assets21/28 | €34k | €47k | €43k | €37k | €43k | ▲ 16.2% |
| Tangible fixed assets22/27 | €33k | €47k | €42k | €37k | €42k | ▲ 15.0% |
| Plant, machinery and equipment23 | €28k | €44k | €41k | €37k | €32k | ▼ 13.2% |
| Furniture and vehicles24 | €5k | €3k | €966 | - | €5k | - |
| Other tangible fixed assets26 | - | - | - | - | €5k | - |
| Financial fixed assets28 | €305 | €305 | €305 | €305 | €805 | ▲ 164% |
| Current assets29/58 | €94k | €101k | €78k | €105k | €118k | ▲ 11.6% |
| Stocks and contracts in progress3 | €5k | €6k | €3k | €2k | €8k | ▲ 233% |
| Stocks30/36 | €5k | €6k | €3k | €2k | €8k | ▲ 233% |
| Amounts receivable within one year40/41 | €27k | €31k | €20k | €19k | €22k | ▲ 13.9% |
| Trade receivables40 | €8k | €8k | €6k | €9k | €2k | ▼ 76.0% |
| Other amounts receivable41 | €18k | €23k | €14k | €11k | €20k | ▲ 88.0% |
| Current investments50/53 | €47k | €51k | €47k | €79k | €83k | ▲ 5.1% |
| Cash at bank and in hand54/58 | €9k | €8k | €4k | €543 | €747 | ▲ 37.5% |
| Deferred charges and accrued income490/1 | €6k | €5k | €4k | €4k | €4k | ▼ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127k | €148k | €121k | €142k | €161k | ▲ 12.8% |
| Equity10/15 | €14k | €26k | €-4k | €8k | €73k | ▲ 799% |
| Reserves13 | €6k | €26k | €94 | €94 | €42k | ▲ 45,054% |
| Profit (loss) carried forward14 | €9k | - | €-4k | €8k | €31k | ▲ 285% |
| Provisions and deferred taxes16 | €50k | €42k | €42k | €42k | - | - |
| Provisions for liabilities and charges160/5 | €50k | €42k | €42k | €42k | - | - |
| Other liabilities and charges164/5 | €50k | €42k | €42k | €42k | - | - |
| Amounts payable17/49 | €63k | €80k | €83k | €92k | €87k | ▼ 5.2% |
| Amounts payable within one year42/48 | €58k | €74k | €72k | €74k | €70k | ▼ 6.0% |
| Trade debts44 | €16k | €26k | €17k | €16k | €15k | ▼ 6.2% |
| Suppliers440/4 | €16k | €26k | €17k | €16k | €15k | ▼ 6.2% |
| Taxes, remuneration and social security45 | €42k | €48k | €55k | €59k | €55k | ▼ 6.0% |
| Taxes450/3 | - | €47 | €5k | - | - | - |
| Remuneration and social security454/9 | €42k | €48k | €50k | €59k | €55k | ▼ 6.0% |
| Accrued charges and deferred income492/3 | €5k | €6k | €11k | €18k | €17k | ▼ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €11k | €-30k | €13k | €65k | ▲ 421% |
| + Depreciation and write-downs630 | €8k | €11k | €14k | €13k | €13k | ▼ 5.3% |
| Operating cash flow (approximation) | €16k | €22k | €-16k | €26k | €78k | ▲ 200% |
| Investment in fixed assets (approximation) | - | €-24k | €-9k | €-8k | €-19k | ▼ 144% |
| Change in cash | - | €-633 | €-4k | €-4k | €204 | ▲ 106% |
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
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €65k ▲421%
Operating result €64k, net result €65k, both a record.
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Elsene · 1 establishment unit since 2008
Ground area
1,419 m²
Building footprint
1,073 m²
Volume, LiDAR
18,155 m³
Parcel 21443A0271/00X000, Brussels · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
THEATRE MARNI
since 20082.197.370.001
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443A0271/00X000 | Brussels | 1,418 m² | 1 · 1,073 m² | 20.8 m · 6 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
Wallonia-Brussels Federation
2021 to 2025 · 46 entries · 1,685,628 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 32 | 733,244 EUR |
| 2024 | 6 | 514,510 EUR |
| 2023 | 5 | 364,588 EUR |
| 2021 | 3 | 73,286 EUR |
Budget allocations
Conventions et contrats programmes indexés dans le domaine des arts vivants
Aides ponctuelles dans le domaine transversal
Mise en œuvre du PECA
Pertes de billeterie
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Triple 6
BE 0878.445.163
Balen · Eq €67,989
Of 369 companies in sector 90311 we hold annual accounts for 155. 104 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded04-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
90311Arts creation and performing arts activities
Scores and ratios are computed by Checked and are not a credit decision.