WALTZING MATHILDE
ActiveSummary
WALTZING MATHILDE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €-17k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency65▼-30
Growth61▼-17
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 2.24 in 2024; short-term debt: 59.5% and cash: 14.5% of total assets), and 59.5% 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+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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.5%
Return on assets
-16.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
43 d early
2023
56 d early
2022
53 d early
2021
76 d early
2020
40 d early
2019
44 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€167k▲ 163%
2023 · €63k
EBIT margin
21.1%▲ 20.7pp
2023 · 0.4%
Net result
€-17k
2024 · €28k
Working capital
€17k▼ 42.7%
2024 · €30k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€16k▼ 64.5%€59k▲ 271%€63k▲ 8.2%€167k▲ 163%
Operating result€-12k€10k€235▼ 97.6%€35k▲ 14,880%€-10k
Net result€-12k€10k€-195€28k€-17k
EBIT margin-75.7%▼ 120.9pp16.6%▲ 92.3pp0.4%▼ 16.3pp21.1%▲ 20.7pp
Equity€21k▼ 36.6%€31k▲ 46.2%€30k▼ 0.6%€58k▲ 92.5%€41k▼ 29.5%
Total assets€37k▼ 19.9%€45k▲ 21.9%€68k▲ 51.6%€83k▲ 21.9%€102k▲ 22.7%
Debt€16k▲ 22.1%€14k▼ 9.9%€38k▲ 163%€24k▼ 35.0%€61k▲ 147%
Working capital€-13k▼ 2,968%€-7k▲ 47.8%€-2k▲ 66.1%€30k€17k▼ 42.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €35k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102k
Fixed assets
€24k ▼ 15.2%
Current assets
€78k ▲ 42.1%
Equity and liabilities €102k
Equity
€41k ▼ 29.5%
Debt
€61k ▲ 147%
Debt's share of the balance-sheet total rises from 29.5% to 59.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▼
2024 · €40k
Cash flow
€-12k▼
2024 · €33k
Current ratio
1.29▼
2024 · 2.24
Debt to equity
1.47▲
2024 · 0.42
ROE
-41.9%▼
2024 · 48.1%
ROA
-16.9%▼
2024 · 33.9%
Interest coverage
-2.99▼
2024 · 9.56
Debt ≤ 1 year
€61k▲
2024 · €24k
Income taxes
€6k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €16k | €59k | €63k | €167k | - | - |
| Non-recurring operating income76A | €5k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €33k | €48k | €63k | €130k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €5k | €5k | €5k | ▲ 3.4% |
| Other operating charges640/8 | €459 | €460 | €499 | €628 | €4k | ▲ 467% |
| Non-recurring operating charges66A | - | - | - | - | €1k | - |
| Gross operating margin9900 | €-8k | €15k | €5k | €40k | €-159 | ▼ 100% |
| Operating profit (loss)9901 | €-12k | €10k | €235 | €35k | €-10k | ▼ 127% |
| Financial income75/76B | - | €1 | - | - | €195 | - |
| Recurring financial income75 | - | €1 | - | - | €195 | - |
| Financial charges65/66B | €99 | €105 | €53 | €4k | €2k | ▼ 60.8% |
| Recurring financial charges65 | €99 | €105 | €53 | €4k | €2k | ▼ 60.8% |
| Profit (loss) for the period before taxes9903 | €-12k | €10k | €182 | €31k | €-11k | ▼ 136% |
| Income taxes67/77 | - | - | €377 | €3k | €6k | ▲ 109% |
| Profit (loss) for the period9904 | €-12k | €10k | €-195 | €28k | €-17k | ▼ 161% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €19k | - |
| Transfer to tax-exempt reserves689 | €5k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-17k | €10k | €-195 | €28k | €2k | ▼ 94.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37k | €45k | €68k | €83k | €102k | ▲ 22.7% |
| Fixed assets21/28 | €34k | €37k | €33k | €28k | €24k | ▼ 15.2% |
| Tangible fixed assets22/27 | €31k | €35k | €30k | €25k | €21k | ▼ 16.7% |
| Land and buildings22 | €26k | €28k | €25k | €22k | €19k | ▼ 13.6% |
| Plant, machinery and equipment23 | €2k | €2k | €1k | €1k | €2k | ▲ 17.9% |
| Furniture and vehicles24 | €3k | €5k | €4k | €2k | €730 | ▼ 67.4% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €3k | €8k | €35k | €55k | €78k | ▲ 42.1% |
| Amounts receivable within one year40/41 | €605 | €995 | €6k | €2k | €63k | ▲ 2,665% |
| Trade receivables40 | - | €371 | €4k | €1k | €46k | ▲ 3,229% |
| Other amounts receivable41 | €605 | €624 | €2k | €906 | €17k | ▲ 1,812% |
| Cash at bank and in hand54/58 | €3k | €7k | €29k | €53k | €15k | ▼ 71.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €195 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37k | €45k | €68k | €83k | €102k | ▲ 22.7% |
| Equity10/15 | €21k | €31k | €30k | €58k | €41k | ▼ 29.5% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Capital10 | €20k | €20k | €20k | €20k | - | - |
| Issued capital100 | €20k | €20k | €20k | €20k | - | - |
| Reserves13 | €36k | €36k | €36k | €38k | €21k | ▼ 44.9% |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | - | - |
| Distributable reserves133 | €17k | €17k | €17k | €20k | €21k | ▲ 8.0% |
| Profit (loss) carried forward14 | €-35k | €-26k | €-26k | - | - | - |
| Amounts payable17/49 | €16k | €14k | €38k | €24k | €61k | ▲ 147% |
| Amounts payable within one year42/48 | €16k | €14k | €38k | €24k | €61k | ▲ 147% |
| Trade debts44 | €4k | €112 | €1k | €12k | €50k | ▲ 304% |
| Suppliers440/4 | €4k | €112 | €1k | €12k | €50k | ▲ 304% |
| Taxes, remuneration and social security45 | - | - | - | €2k | €10k | ▲ 505% |
| Taxes450/3 | - | - | - | €2k | €10k | ▲ 505% |
| Other amounts payable47/48 | €12k | €14k | €37k | €10k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €10k | €-195 | €28k | €-17k | ▼ 161% |
| + Depreciation and write-downs630 | €4k | €5k | €5k | €5k | €5k | ▲ 3.4% |
| Operating cash flow (approximation) | €-8k | €14k | €4k | €33k | €-12k | ▼ 138% |
| Investment in fixed assets (approximation) | - | €-8k | €0 | €0 | €-484 | - |
| Change in cash | - | €4k | €23k | €23k | €-38k | ▼ 262% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.24
Current ratio from 0.94 to 2.24; short-term debt falls from €38k to €24k.
05-06
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
Back to profitnet €10k
Net result €10k after one loss-making year.
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oostende · 1 establishment unit since 1999
Ground area
213 m²
Building footprint
199 m²
Volume, LiDAR
3,189 m³
Parcel 35386D0163/00K000, Flanders · tallest building 19.6 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Warschaustraat 12, 8400 Oostende
since 19992.092.307.420
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35386D0163/00K000 | Flanders | 213 m² | 1 · 199 m² | 19.6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 368 companies in sector 90311 we hold annual accounts for 155. 96 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
Founded07-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
90311Arts creation and performing arts activities
90120Visual arts creation
90391Promotion and organisation of arts and performing arts events
90399Other support activities for arts and performing arts
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.