Vereniging voor het Museum van Hedendaagse Kunst te Gent

Active

Non-profit associationfounded 195769 yrs activeJan Hoetplein 1, 9000 Gent, BelgiumKBO/BCE: BE 0408.175.010

Summary

Vereniging voor het Museum van Hedendaagse Kunst te Gent has been active since 1957 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.78M and a net result of €-24k. Its solvency ranks better than 94% of 94 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

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Checked score

Score 2024

72 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability17

Solvency100

Growth-

Track record85

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €120k at 30 days acceptable

Liquidity ample (current ratio 2.15; short-term debt: 3% and cash: 3.9% of total assets), and 3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 91

Relative position

BE, all sectors

reference

Sector 91

lower

← fewer bankruptcies more bankruptcies →

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

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 2024

Solvency, return and age of the figures

Solvency

97%

Return on assets

-1.3%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-09-2025, 34 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

34 d late

2007

58 d early

2006

89 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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 2024, micro schema

Equity

€1.78M

Total assets

€1.84M

Net result

€-24k

Working capital

€64k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €1.84M

93.5%

Fixed assets €1.72M

Current assets €120k

Equity and liabilities €1.84M

97.0%

Equity €1.78M

Debt €56k

Debt finances 3.0% of the balance-sheet total.

Key figures and ratios

2024 value

EBITDA

€-23k

Cash flow

€-23k

Current ratio

2.15

Quick ratio

2.12

Debt / equity

0.03

ROE

-1.3%

ROA

-1.3%

Interest coverage

-116.14

Debt ≤ 1 year

€56k

Staff costs

€119k

Filed annual accounts As filed with the NBB · 2024 · 38 lines

Balance sheet Code2024

Assets

Total assets20/58€1.84M

Fixed assets21/28€1.72M

Tangible fixed assets22/27€1.72M

Other tangible fixed assets26€1.72M

Current assets29/58€120k

Stocks and contracts in progress3€2k

Stocks30/36€2k

Amounts receivable within one year40/41€45k

Trade receivables40€3k

Other amounts receivable41€42k

Cash at bank and in hand54/58€72k

Deferred charges and accrued income490/1€1k

Equity and liabilities

Total equity and liabilities10/49€1.84M

Equity10/15€1.78M

Contributions10/11€1.16M

Capital10€1.16M

Profit (loss) carried forward14€626k

Amounts payable17/49€56k

Amounts payable within one year42/48€56k

Trade debts44€1k

Suppliers440/4€1k

Taxes, remuneration and social security45€15k

Remuneration and social security454/9€15k

Income statement Code2024

Non-recurring operating income76A€558

Remuneration, social security and pensions62€119k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€607

Other operating charges640/8€714

Gross operating margin9900€97k

Operating profit (loss)9901€-24k

Financial income75/76B€258

Recurring financial income75€258

Financial charges65/66B€199

Recurring financial charges65€199

Profit (loss) for the period before taxes9903€-24k

Profit (loss) for the period9904€-24k

Profit (loss) for the period to be appropriated9905€-24k

Appropriation of the result

Profit (loss) to be appropriated9906€626k

Profit (loss) brought forward from the previous period14P€649k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 4Gazette 1Filings 3

2026

05-08

State Gazette act Statutes amendment · Resignations & appointments

General meeting · Statutes amendment · Director appointment24 facts ▸

General meeting, 13/06/2026
Statutes amendment
Director appointment, Lien Lannoo (director)
Director reappointment, Adrien De Vos (director)
Director reappointment, Patricia Duyck (director)
Director reappointment, Didier Eechaudt (director)
Director reappointment, Guy Elewaut (director)
Director reappointment, Dimitri Hemelsoet (director)
Director reappointment, Philippe Kempeneers (director)
Director reappointment, Hans Martens (director)
Director reappointment, Bruno Matthys (director)
Director appointment, Bruno Matthys (chair)
+12 further facts in this act

2025

03-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 34 days late

2008

03-06

NBB filing Annual accounts filed

fiscal year 2007 · abbreviated schema

2007

03-05

NBB filing Annual accounts filed

fiscal year 2006 · abbreviated schema

State Gazette actNBB filing

Directors · office · real estate

Directors

under verification, no change since 2026

This board is reconstructed from a single act (26100493). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Adrien De Vos

Director · since 13-06-2026

Current

Bruno Matthys

Voorzitter van het dagelijks bestuur · since 13-06-2026

Current

Didier Eechaudt

Director · since 13-06-2026

Current

Dimitri Hemelsoet

Director · since 13-06-2026

Current

Guy Elewaut

Director · since 13-06-2026

Current

Hans Martens

Director · since 13-06-2026

Current

6 other directors

Ilse Roosens

Director · since 13-06-2026

Current

Jan Vermassen

Director · since 13-06-2026

Current

Lien Lannoo

Director · since 13-06-2026

Current

Patricia Duyck

Director · since 13-06-2026

Current

Philippe Kempeneers

Director · since 13-06-2026

Current

Philippe Van Cauteren

Director · since 13-06-2026

Current

05-08-2026 Ann Pieters: Resigned as Voorzitter van het dagelijks bestuur

13-06-2026 Adrien De Vos: Mandate renewed as Director

13-06-2026 Bruno Matthys: Appointed as Voorzitter van het dagelijks bestuur

13-06-2026 Bruno Matthys: Mandate renewed as Director

13-06-2026 Bruno Matthys: Mandate renewed as Day-to-day manager

Full history in the Timeline (22 changes) →

Location & real-estate footprint

Registered office, Gent · 1 establishment unit since 2006

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.

Jan Hoetplein 19000 Gent

Ground area

3.2 ha

Building footprint

2.4 ha

Volume, LiDAR

351,237 m³

Parcel 44808H0001/00X037, Flanders · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Vereniging voor het Museum van Hedendaagse Kunst te Gent

Jan Hoetplein 1, 9000 GentNACE 92313

since 20062.156.673.749

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44808H0001/00X037 ProtectedCultural-historical landscapeCitadelparkSource ↗	Flanders	3.2 ha	1 · 2.4 ha	21.1 m · 5 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).

Articles of association

Purpose

Het ondersteunen en het verdedigen van de belangen van het Stedelijk Museum van Actuele Kunst (SMAK) te Gent en het opzetten van initiatieven om de bevolking daarbij te betrekken.…

Full purpose

Het ondersteunen en het verdedigen van de belangen van het Stedelijk Museum van Actuele Kunst (SMAK) te Gent en het opzetten van initiatieven om de bevolking daarbij te betrekken. Activiteiten ter realisatie van een nieuw museumgebouw; Leden- en fondsenwerving; De realisatie en verkoop van kunstedities; Het organiseren van bezoeken aan de ateliers van kunstenaars, tentoonstellingen, galeries, verzamelaars, organisatoren, musea... in binnen-en buitenland; Het aankopen van kunstwerken... Werken aangekocht door de Vereniging met andere dan aan de Vereniging toegewezen overheidsgelden worden onmiddellijk aan het Stedelijk Museum voor Actuele Kunst geschonken. Daarnaast kan de vzw alle activiteiten verrichten die rechtstreeks of onrechtstreeks bijdragen tot de verwezenlijking van haar doel en haar voorwerp, met inbegrip van bijkomstige winstgevende activiteiten...

according to the deed of 05-08-2026