X10A
ActiveSummary
X10A has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120,955 and a net result of -€7,706. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 2026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-73
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 5.63 against 9.46 in 2024; short-term debt: 12% and cash: 25.1% of total assets), and 26.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
29 d late
2023
19 d early
2022
14 d early
2021
18 d early
2018
26 d late
2017
21 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 8 days after 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 17 July (4 of the last 5 filed years within 43 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, micro schema
Turnover
€86,259
EBIT margin
-17.2%
Net result
-€7,706
2024 · €19,993
Working capital
€90,758▼ 28.4%
2024 · €126,693
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
Turnover
Operating result€24,906-€9,266▼ 62.8%€17,248▲ 86.1%€21,323▲ 23.6%-€6,274
Net result€24,564above the sector's middle half-€8,381within the sector's middle half▼ 65.9%€11,637within the sector's middle half▲ 38.8%€19,993within the sector's middle half▲ 71.8%-€7,706below the sector's middle half
EBIT margin
Equity€88,649within the sector's middle half-€97,030within the sector's middle half▲ 9.5%€108,667within the sector's middle half▲ 12.0%€128,660above the sector's middle half▲ 18.4%€120,955above the sector's middle half▼ 6.0%
Total assets€125,684within the sector's middle half-€119,398within the sector's middle half▼ 5.0%€128,585within the sector's middle half▲ 7.7%€143,636within the sector's middle half▲ 11.7%€163,600within the sector's middle half▲ 13.9%
Debt€37,035-€22,368▼ 39.6%€19,918▼ 11.0%€14,976▼ 24.8%€42,646▲ 185%
Working capital€72,293within the sector's middle half-€80,156above the sector's middle half▲ 10.9%€97,649above the sector's middle half▲ 21.8%€126,693above the sector's middle half▲ 29.7%€90,758above the sector's middle half▼ 28.4%
Solvency70.5%within the sector's middle half-81.3%above the sector's middle half▲ 10.7pp84.5%above the sector's middle half▲ 3.2pp89.6%above the sector's middle half▲ 5.1pp73.9%within the sector's middle half▼ 15.6pp
Current ratio3.61within the sector's middle half-5.42above the sector's middle half▲ 1.825.90above the sector's middle half▲ 0.489.46above the sector's middle half▲ 3.565.63above the sector's middle half▼ 3.83
Return on assets (ROA)19.5%within the sector's middle half-7.0%within the sector's middle half▼ 12.5pp9.1%within the sector's middle half▲ 2.0pp13.9%within the sector's middle half▲ 4.9pp-4.7%below the sector's middle half▼ 18.6pp
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 turns negative in 2025: a loss of €6,274 after €21,323 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €163,600
Fixed assets
€53,226 ▲ 2,606%
Current assets
€110,375 ▼ 22.1%
Equity and liabilities €163,600
Equity
€120,955 ▼ 6.0%
Debt
€42,646 ▲ 185%
Debt's share of the balance-sheet total rises from 10.4% to 26.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,192▼
2024 · €30,374
Cash flow
-€2,623▼
2024 · €29,044
Debt to equity
0.35▲
2024 · 0.12
ROE
-6.4%▼
2024 · 15.5%
Interest coverage
-1.62▼
2024 · 389.41
Debt ≤ 1 year
€19,616▲
2024 · €14,976
Debt > 1 year
€22,780
Income taxes
€935▼
2024 · €1,252
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 6,915 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 | - | €212 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,401 | €9,371 | €10,101 | €9,051 | €5,083 | ▼ 43.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €365 | - | - | - | - | - |
| Other operating charges640/8 | €922 | €7,021 | €1,420 | €1,112 | €549 | ▼ 50.7% |
| Non-recurring operating charges66A | - | - | €747 | - | - | - |
| Gross operating margin9900 | €34,594 | €25,658 | €29,516 | €31,486 | -€643 | ▼ 102% |
| Operating profit (loss)9901 | €24,906 | €9,266 | €17,248 | €21,323 | -€6,274 | ▼ 129% |
| Financial income75/76B | €159 | €320 | - | - | €241 | - |
| Recurring financial income75 | €159 | €320 | - | - | €241 | - |
| Non-recurring financial income76B | €159 | €320 | - | - | - | - |
| Financial charges65/66B | €351 | €205 | €211 | €78 | €737 | ▲ 845% |
| Recurring financial charges65 | €231 | €205 | €211 | €78 | €737 | ▲ 845% |
| Non-recurring financial charges66B | €120 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €24,714 | €9,381 | €17,037 | €21,245 | -€6,771 | ▼ 132% |
| Income taxes67/77 | €150 | €1,000 | €5,400 | €1,252 | €935 | ▼ 25.3% |
| Profit (loss) for the period9904 | €24,564 | €8,381 | €11,637 | €19,993 | -€7,706 | ▼ 139% |
| Profit (loss) for the period to be appropriated9905 | €24,564 | €8,381 | €11,637 | €19,993 | -€7,706 | ▼ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125,684 | €119,398 | €128,585 | €143,636 | €163,600 | ▲ 13.9% |
| Fixed assets21/28 | €25,640 | €21,119 | €11,018 | €1,967 | €53,226 | ▲ 2,606% |
| Tangible fixed assets22/27 | €25,640 | €21,119 | €11,018 | €1,967 | €53,226 | ▲ 2,606% |
| Plant, machinery and equipment23 | - | - | - | - | €2,362 | - |
| Furniture and vehicles24 | €25,640 | €21,119 | €11,018 | €1,967 | €50,864 | ▲ 2,486% |
| Current assets29/58 | €100,044 | €98,279 | €117,567 | €141,669 | €110,375 | ▼ 22.1% |
| Amounts receivable within one year40/41 | €15,105 | €11,771 | €12,243 | €11,069 | €1,508 | ▼ 86.4% |
| Trade receivables40 | €13,900 | €10,301 | €12,025 | €11,069 | €1,508 | ▼ 86.4% |
| Other amounts receivable41 | €1,205 | €1,470 | €218 | - | - | - |
| Current investments50/53 | €13,184 | €19,504 | €25,504 | €61,504 | €67,744 | ▲ 10.1% |
| Cash at bank and in hand54/58 | €70,622 | €65,859 | €78,622 | €67,805 | €41,122 | ▼ 39.4% |
| Deferred charges and accrued income490/1 | €1,133 | €1,145 | €1,198 | €1,291 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125,684 | €119,398 | €128,585 | €143,636 | €163,600 | ▲ 13.9% |
| Equity10/15 | €88,649 | €97,030 | €108,667 | €128,660 | €120,955 | ▼ 6.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €21,360 | €21,360 | = |
| 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 | - | - | - | €19,500 | €19,500 | = |
| Profit (loss) carried forward14 | €68,189 | €76,570 | €88,207 | €88,700 | €80,995 | ▼ 8.7% |
| Amounts payable17/49 | €37,035 | €22,368 | €19,918 | €14,976 | €42,646 | ▲ 185% |
| Amounts payable after more than one year17 | €9,284 | €4,245 | - | - | €22,780 | - |
| Financial debts170/4 | €9,284 | €4,245 | - | - | €22,780 | - |
| Amounts payable within one year42/48 | €27,751 | €18,123 | €19,918 | €14,976 | €19,616 | ▲ 31.0% |
| Current portion of amounts payable after more than one year42 | €4,980 | €5,039 | €4,245 | - | €7,559 | - |
| Trade debts44 | €9,575 | €1,415 | €1,847 | €91 | €1,840 | ▲ 1,922% |
| Suppliers440/4 | €9,575 | €1,415 | €1,847 | €91 | €1,840 | ▲ 1,922% |
| Taxes, remuneration and social security45 | €12,651 | €11,669 | €13,826 | €14,299 | €8,981 | ▼ 37.2% |
| Taxes450/3 | €12,651 | €11,669 | €13,826 | €14,299 | €8,981 | ▼ 37.2% |
| Other amounts payable47/48 | €545 | - | - | €586 | €1,235 | ▲ 111% |
| Accrued charges and deferred income492/3 | - | - | - | - | €250 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,564 | €8,381 | €11,637 | €19,993 | -€7,706 | ▼ 139% |
| + Depreciation and write-downs630 | €8,401 | €9,371 | €10,101 | €9,051 | €5,083 | ▼ 43.8% |
| Operating cash flow (approximation) | €32,965 | €17,752 | €21,738 | €29,044 | -€2,623 | ▼ 109% |
| Investment in fixed assets (approximation) | - | -€4,850 | €0 | €0 | -€56,342 | - |
| Change in cash | - | -€4,763 | €12,763 | -€10,817 | -€26,683 | ▼ 147% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €108,667 ▲12%
3 profitable years in a row build equity to €108,667.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €24,564
Net result €24,564 after one loss-making year.
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
17-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 109 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
16-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Herent · 1 establishment unit since 2010
Ground area
337 m²
Building footprint
87 m²
Volume, LiDAR
559 m³
Parcel 24423G0042/00S000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
X10A
since 20102.190.290.979
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24423G0042/00S000 | Flanders | 337 m² | 1 · 87 m² | 9.1 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
2025 · 1 entry · 419 EUR awarded · 419 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 419 EUR | 419 EUR |
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Of 3,530 companies in sector 90391 we hold annual accounts for 684. 515 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
Founded02-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
70200Business and other management consultancy
82300Organisation of conventions and trade shows
82990Other business support services
90120Visual arts creation
90399Other support activities for arts and performing arts
Contact
E-mail
christina.lemahieu@gmail.comHerent
Phone
0476/47.38.56Herent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0827495122
Also
9925:BE0827495122
Registered
05-12-2025
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.