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Toestand

Active
Non-profit associationfounded 201214 yrs activeOlivetenhof 2-4, 1000 Brussel, BelgiumKBO/BCE: BE 0846.221.169

Toestand has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €217k and a net result of €20k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 61% of 227 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2025
85 / 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+54
Solvency79▼-11
Growth52▲+16
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 2.71 against 2.86 in 2024; short-term debt: 35.4% and cash: 30.2% of total assets), and 45.6% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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
Sector 90
lower
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
54.4%
Return on assets
5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 14 years 0 20 y
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 14-07-2026, 17 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
17 d early
2024
15 d early
2023
99 d early
2022
105 d early
2021
83 d early
2020
95 d early
2017
54 d early
← before the deadline after the deadline →
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 months
Position in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€347k▲ 14.3%
2024 · €303k
2020: €270k 2021: €229k 2022: €374k 2023: €383k 2024: €303k
2020 → 2025
EBIT margin
6.3%▲ 9.9pp
2024 · -3.6%
2020: 16.9% 2021: 8.6% 2022: 21.3% 2023: -23.4% 2024: -3.6%
2020 → 2025
Net result
€20k
2024 · €-11k
2020: €45k 2021: €19k 2022: €79k 2023: €-90k 2024: €-11k
2020 → 2025
Working capital
€241k▲ 26.2%
2024 · €191k
2020: €275k 2021: €351k 2022: €451k 2023: €344k 2024: €191k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€229k-€374k▲ 63.5%€383k▲ 2.3%€303k▼ 20.7%€347k▲ 14.3%
Equity€219k-€298k▲ 36.3%€208k▼ 30.0%€197k▼ 5.5%€217k▲ 10.1%
Operating result€20k-€80k▲ 305%€-90k€-11k▲ 87.7%€22k
Net result€19k-€79k▲ 317%€-90k€-11k▲ 87.4%€20k
Result per fiscal year
Operating resultNet result
€-100k€-50k€0€50k€100kOperating result 2021: €20k€20kNet result 2021: €19k€19kOperating result 2022: €80k€80kNet result 2022: €79k€79kOperating result 2023: €-90k€-90kNet result 2023: €-90k€-90kOperating result 2024: €-11k€-11kNet result 2024: €-11k€-11kOperating result 2025: €22k€22kNet result 2025: €20k€20k20212022202320242025
The operating result returns to profit in 2025: €22k after a loss of €11k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €399k
Fixed assets €16k▲ 64.4%
Current assets €383k▲ 30.2%
Equity and liabilities €399k
Equity €217k▲ 10.1%
Debt €182k▲ 70.4%
The debt ratio rises from 35.1% to 45.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€28k
2024 · €-7k
Cash flow
€26k
2024 · €-7k
Solvency
54.4%
2024 · 64.9%
Current ratio
2.71
2024 · 2.86
Quick ratio
2.68
2024 · 2.82
Debt / equity
0.84
2024 · 0.54
ROE
9.1%
2024 · -5.8%
ROA
5.0%
2024 · -3.7%
Interest coverage
14.67
2024 · -18.17
Debt
€182k
2024 · €107k
Debt ≤ 1 year
€141k
2024 · €103k
Staff costs
€941k
2024 · €883k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€304k€399k
Fixed assets21/28€10k€16k
Tangible fixed assets22/27€10k€16k
Plant, machinery and equipment23€2k€1k
Furniture and vehicles24€8k€15k
Financial fixed assets28-€500
Current assets29/58€294k€383k
Stocks and contracts in progress3€4k€4k
Stocks30/36€4k€4k
Amounts receivable within one year40/41€146k€250k
Trade receivables40€35k€99k
Other amounts receivable41€111k€151k
Cash at bank and in hand54/58€143k€120k
Deferred charges and accrued income490/1€601€8k
Equity and liabilities
Total equity and liabilities10/49€304k€399k
Equity10/15€197k€217k
Contributions10/11€8k€8k=
Capital10€8k€8k=
Reserves13€112k€117k
Profit (loss) carried forward14€78k€93k
Amounts payable17/49€107k€182k
Amounts payable within one year42/48€103k€141k
Trade debts44€4k€17k
Suppliers440/4€4k€17k
Taxes, remuneration and social security45€98k€123k
Taxes450/3€5k€5k
Remuneration and social security454/9€93k€118k
Accrued charges and deferred income492/3€4k€41k
Income statement Code20242025
Turnover70€303k€347k
Goods, raw materials, services and sundry goods60/61€219k€287k
Remuneration, social security and pensions62€883k€941k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k
Other operating charges640/8€6k€15k
Gross operating margin9900€882k€983k
Operating profit (loss)9901€-11k€22k
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€379€2k
Recurring financial charges65€379€2k
Profit (loss) for the period before taxes9903€-11k€20k
Profit (loss) for the period9904€-11k€20k
Profit (loss) for the period to be appropriated9905€-11k€20k
Appropriation of the result
Profit (loss) to be appropriated9906€51k€98k
Profit (loss) brought forward from the previous period14P€62k€78k
From contributions791€27k€1k
To contributions691-€6k
Social balance
Average headcount (FTE)908714.215.1

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Back to profitnet €20k
Net result €20k after 2 loss-making years.
31-12
Financial Equity above €200kEq €217k ▲10.1%
Equity rises from €197k to €217k.
16-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-04
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Weakest financial yearnet €-90k ▼214%
Net result drops to €-90k, the lowest in the series; recovery starts the following year.
17-04
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Highest result since 2020net €79k ▲317%
Operating result €80k, net result €79k, both a record.
09-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Equity above €200kEq €219k ▲9.5%
2 profitable years in a row build equity to €219k.
27-04
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2018
07-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
8 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, Brussel · 1 establishment unit since 2014
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Olivetenhof 2-41000 Brussel
Ground area
94 m²
Building footprint
94 m²
Volume, LiDAR
1,798 m³
Parcel 21004A0075/00Z000, Brussels · tallest building 21.5 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Toestand
Olivetenhof 2, 1000 BrusselArts creation and performing arts activities
since 20142.224.414.589
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21004A0075/00Z000
ProtectedMonumentOnze-Lieve-Vrouw van Goede Bijstandkerk
Brussels 94 m² 1 · 94 m² 21.5 m · 7 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Public money · subsidies and aid

Flemish government

2022 to 2025 · 14 entries · 1,486,671 EUR awarded · 1,447,999 EUR paid
Year Entries awardedpaid
2025 4 382,215 EUR386,482 EUR
2024 3 373,371 EUR384,123 EUR
2023 3 321,585 EUR364,665 EUR
2022 4 409,500 EUR312,729 EUR
Schemes
Sociaal-cultureel volwassenenwerk: Werkingssubsidie voor een sociaal-culturele volwassenenorganisatie met een werking in Vlaanderen en Brussel (Decreet Sociaal-cultureel Volwassenenwerk 2017)
4 entries · 778,448 EUR · 758,426 EUR paid · Departement Cultuur, Jeugd en Media
Jeugdwerk: Werkingssubsidie voor een bovenlokaal geprofessionaliseerd jeugdhuis (Decreet Bovenlokaal Jeugdbeleid 2017)
4 entries · 296,389 EUR · 277,739 EUR paid · Departement Cultuur, Jeugd en Media
Cultuur: Tewerkstellingssubsidie voor een organisatie in het culturele veld volgens de Vlaamse Intersectorale Akkoorden (VIA) (Decreet Vlaamse Intersectorale Akkoorden 2004)
4 entries · 295,213 EUR · 295,213 EUR paid · Departement Cultuur, Jeugd en Media
Sociaal-cultureel volwassenenwerk: Projectsubsidie voor een sociaal-cultureel initiatief (Decreet Sociaal-cultureel Volwassenenwerk 2017)
2 entries · 116,621 EUR · 116,621 EUR paid · Departement Cultuur, Jeugd en Media

Recognitions · licences · registrations

Dual-learning approval

3 ended

Similar companies · same sector, comparable size

Of 3,522 companies in sector 90391 we hold annual accounts for 680. 476 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formNon-profit association
Founded30-05-2012
Fiscal year end31-12
Activities, NACEBEL
90021Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.