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Arts creation and performing arts activities

Current registrations 5,736division 90: 29,114
Bankruptcies, 5 years, still registered 160.28% of the registrations · Belgium 1.68%

Bankruptcies

Recent bankruptcies

Date Company
05-11-2026 Sancover Music Entertainment
BE 0745.845.272
30-10-2026 JOLIE GARCE RECORDS
BE 0690.887.448
19-10-2026 Vecchiarelli, Riccardo
BE 0684.692.118 · sole trader · Brussels
07-07-2026 The House of Film
BE 1003.660.186
26-06-2026 COUFRA
BE 0466.849.221
05-05-2026 Hermans, Peggy
BE 0731.370.496 · sole trader · Dessel
20-04-2026 ComUnity
BE 0800.101.134
11-02-2026 INTEMPO
BE 0737.845.049

Every bankruptcy in division 90, last 90 days

Spread across the country

by region and province · 887 of 5,736 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 438 · 49.4%
  • Brussels 262 · 29.5%
  • Wallonia 185 · 20.9%
  • Abroad 2 · 0.2%
fewer moremax 262

Division 90: Creative and performing arts

Filed accounts of the division

NACE division 90 · financial year 2025 · 3,763 filed annual accounts
Median solvency
46.5%
Belgium 46.1%
Median net result
€7,933
Belgium €16,520
Median equity
€63,546
Belgium €98,421
Loss-making
34.0%
Belgium 26.7%
Negative equity
14.8%
Belgium 12.4%
Median return on equity
12.6%
Belgium 15.9%
Median liquidity
1.83
Belgium 1.66
Filed late
38.2%
financial year 2024, 3,345 filings · Belgium 38.4%
Missing or 90 days late
6.3%
of 4,142 companies with annual accounts · Belgium 5.4%
Per financial year20182019202020212022202320242025
Median solvency --40.5%44.2%45.4%45.8%47.5%47.5%
Median net result --€2,479€6,991€7,914€7,649€8,233€7,440
Filed late 42.3%48.6%44.5%43.0%41.9%40.7%38.2%-

Hold your customer's or competitor's figures against them in the Sector benchmark

Bankruptcies per year in division 90

Per year201520162017201820192020202120222023202420252026
Bankruptcies404544505960318355566958
Jobs lost7385606368725215273928393

2026 through September. Every bankruptcy, also of companies that have since left the register. Source: Statbel (Directorate-General Statistics), NACE classification of 2008.

Staff cost per FTE in NACE division 90

435 employers
Median
€66,300
Belgium €61,400
Middle half
€54,000 to €77,700
half of the employers lie between
Place among sectors
38 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €63,100 €49,000 to €77,700 258
10 to 49 FTE €67,600 €59,400 to €75,000 149
50 to 249 FTE €77,000 €70,700 to €83,600 26

Running bankruptcies in the sector

NACE division 90
Number
90
Half have run longer than
19 months
Belgium: 20 months
Longer than three years
23%
Belgium: 31%

Measured nationally: Of 108,562 bankruptcies of legal entities across Belgium, 49% were closed within five years for insufficient assets and 28% after liquidation, 3% were withdrawn. After five years, 20% were still open. Half had ended after 26 months (a quarter after 15, three quarters after 51 months).

This counts companies with this main activity in the register on 6 November 2026. The outcome itself is not measured by sector. The activity of a company that leaves the register after its bankruptcy is too often not kept to compare closed cases fairly.

Outcome by court and division

5 of the 11,227 companies in NACE division 90 have a parent company abroad. Main parent countries: France (2), Germany (1) and Denmark (1). Together they employ 139 of the division's 7,589 FTE: 1.8%, against 14% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €664.0m awarded 1,417 recipients · 2022 to 2025 · largest: Professionele kunsten: Werkingssubsidie voor een kunstenorganisatie voor een periode van 5 jaar (Kunstendecreet 2021)
  • Federal transfers 236.9m amount as published 33 recipients · 2023 to 2025 · largest: Toelage aan de Koninklijke Muntschouwburg.
  • Wallonia-Brussels Federation €644.5m paid 1,212 recipients · 2021 to 2025 · largest: Conventions et contrats programmes indexés dans le domaine des arts vivants
  • EU budget €28.4m attributed share 55 recipients · 2021 to 2025 · largest: Creative Europe
  • EU research €6.6m EU contribution 17 recipients · 2008 to 2027 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Arts creation and performing arts activities

Inflow and structure. Brussels holds 29.6% of the seats, against 12.5% in Belgium. This activity holds 19.7% of the registrations of Creative and performing arts.

The comparison with Belgium as a whole and with the other divisions is as of 06-11-2026 05:30.

Method and sources

Every company registered today counts under its main activities in the KBO. Establishment units do not count. Staff counts once, under the employer's first main activity, from its latest accounts and only where it fits the staff costs. The count follows the NACE 2008 classification, the version in which code 90031 exists.

The bankruptcies over five years count only companies still registered today, because the activity of a company that left the register is not kept. So they are fewer than the bankruptcies of those years, and the figure is not a probability for the future. Over twelve months the count is nearly complete, because a bankrupt company stays registered while its bankruptcy runs. A company with more than one main activity counts in each of those sectors.

The comparison with Belgium as a whole and with the other NACE divisions rests on an overview of every division, counted again each night. Each division is counted in the version of the NACE classification in which it exists. A standing such as "more than in 80%" compares with the other divisions that have the figure. A division's bankruptcy probability is the median over its companies with a score. Belgium here counts the 1,276,581 companies with a main activity, because only those belong to a division. The other 698,987 registrations publish no activity.