Skip to content

WAALSE KROOK

Active
Cooperative companyfounded 2009active for 17 yearsMiriam Makebaplein 1, 9000 Gent, BelgiumKBO/BCE: BE 0819.226.861
Summary

WAALSE KROOK has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39.3m and a net result of €131,441. Equity is shrinking by about 4.1% per year across the filed financial years. Its solvency ranks better than 76% of 640 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
WAALSE KROOKActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Arts creation and performing arts activities
NACE 90312Libraries, archives, museums and other cultural activities NACE 91110
Largest company by equity in East Flanders, Arts, sports and recreation sector1 site
Size
€56.8mtotal assets 2025
Staff
3.9 FTE
Equity
€39.3m
Profit
€131,441
Turnover not published (abbreviated format)
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Largest shareholder
Stad Gent · 35.39%
Board
11 members
Auditor: Forvis Mazars Bedrijfsrevisoren BV2025 accounts 39 days early19 of 20 deeds summarised
Why 94lowers riskSize: 3.9 FTE, total assets €56.8mFigures for financial year 2025 (filed 22-06-2026)Founded in 2009Equity €39.3m (69.2% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 51% of its sector peers (NACE 90, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 94+2
equity 69.2% of total assets
Liquidity 61+2
short-term debt 3.5% · cash 8.8%
Profitability 69-1
return on assets 0.2%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,419 companies, NACE 90, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025highest value 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €3,650,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.58, compared with 3.81 in 2024, above the usual 1.5; short-term debt: 3.5% and cash: 8.8% of total assets), and 30.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 70% on solvency, 51% on liquidity, 44% on profitability and 41% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskneutral
lowers risk · Size: 3.9 FTE, total assets €56.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 22-06-2026)
NBB · annual accounts
lowers risk · Founded in 2009
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €39.3m (69.2% of total assets)
NBB · annual accounts
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 days early
2024
48 days early
2023
57 days early
2022
59 days late
2021
16 days early
2020
43 days early
2019
3 days early
← 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 21 days before the deadline; the sector median (NACE 90) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Reappointment: Forvis Mazars Bedrijfsrevisoren BV (statutory…Gazette deed
  3. Resignations: Sami Souguir, Xanthippe Van De…Appointments: Astrid De Bruycker, Adrien…

Key points

  • Positive: Largest company by equity in East Flanders, Arts, sports and recreation sectorin the Checked rankings No. 1 View
  • Caution: Result fell in 2025from €380,189 to €131,441 ▼ 65.4% View
  • Board changedlatest change 15-12-2025 · 11 in office 8 joined · 7 left View
  • Positive: 6 profitable years in a rowprofit 2025: €131,441 6 years View
  • Known shareholderslargest: Stad Gent 35.39% 99.98% View

By topic

Financials

Financial year
2025
Total assets
€56.8m
Profit
€131,441
Solvency
69.2%
Turnover▼ 10.9%
Net result
20182021
Go to Financials

Board & ownership

Board
11 members
Largest shareholder
Stad Gent · 35.39%
Known shareholders
99.98%
Auditor
Forvis Mazars Bedrijfsrevisoren BV
  • Bart Van BaelDirector
  • MORTIER Freddy André AdolfDirector
  • Xantippe Van De GenachteDirector
  • Jeroen BourgonjonDirector
  • Steven Van AsscheDirector

and 6 other directors

Go to Board & ownership

Timeline

Events
37
Since
2011
Next accounts
by 31-07-2027
  1. 13-06-2025Annual accounts filed
  2. 05-06-2024Resignations: Roger Lemmens, Els Van Damme and…
  3. 04-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Cooperative company
Activity
Arts creation and performing arts activitiesNACE 90312
Founded
02-10-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about WAALSE KROOK

What is the company number of WAALSE KROOK?
0819.226.861. In Belgium the VAT number is the company number with BE in front: BE 0819.226.861.
Where is WAALSE KROOK based?
The registered office is at Miriam Makebaplein 1, 9000 Gent.Company details
What does WAALSE KROOK do?
According to the KBO register, the main activity is arts creation and performing arts activities (NACE 90312).
What is the legal form of WAALSE KROOK?
Cooperative company (CV).
When was WAALSE KROOK founded?
On 02-10-2009.
Is WAALSE KROOK still active?
Yes, WAALSE KROOK is an active enterprise in the KBO register.
How many employees does WAALSE KROOK have?
On average 3.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of WAALSE KROOK?
€3.4m in financial year 2021, according to the filed annual accounts.
Is WAALSE KROOK profitable?
In financial year 2025, WAALSE KROOK made a profit of €131,441.
Where can I find the annual accounts of WAALSE KROOK?
WAALSE KROOK filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of WAALSE KROOK due?
By 31-07-2027, for financial year 2026.Timeline

Companies related to WAALSE KROOK

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure