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Arts creation and performing arts activities

Current registrations 2,029division 90: 29,113
Starters, 12 months 44121.7 per 100 · Belgium 8.9
Bankruptcies, 12 months 10.5 per 1,000 registrations · Belgium 6.2
Employment (FTE) 19424 employers · latest accounts
Median age 5.1 yearsBelgium 8.1 years
E-invoicing via Peppol 75.6%1,534 of 2,029 companies in the Peppol Directory · Belgium 85.0%

Activities

NACE 9012 · 1 activity
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Visual arts creation90120 2,029 441 1 194

Filed accounts

NACE 9012 · financial year 2025 · 220 filed annual accounts
Median solvency
50.1%
division 46.5% · Belgium 46.1%
Median net result
€3,420
division €7,933 · Belgium €16,516
Median equity
€48,409
division €63,546 · Belgium €98,395
Loss-making
42.9%
division 34.0% · Belgium 26.7%
Negative equity
19.1%
division 14.8% · Belgium 12.4%
Median return on equity
9.1%
division 12.6% · Belgium 15.9%
Median liquidity
1.81
division 1.83 · Belgium 1.66
Filed late
38.5%
financial year 2024, 221 filings · division 38.2% · Belgium 38.4%
Missing or 90 days late
7.9%
of 242 companies with annual accounts · division 6.3% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 40.0%50.8%48.9%49.9%52.2%50.1%
Median net result €1,780€6,912€3,499€5,753€3,887€3,420

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

Bankruptcies

Bankruptcies, 5 years, still registered
2
0.10% of the registrations · Belgium 1.68%
Running bankruptcies
1
0.5 per 1,000 registrations

Recent bankruptcies

Date Company
19-06-2026 Enigma Releasing
BE 1008.209.783
14-05-2025 Cadmium
BE 0751.513.141

Every bankruptcy in division 90, last 90 days

Spread across the country

by region and province · 745 of 2,029 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 306 · 41.1%
  • Brussels 250 · 33.6%
  • Wallonia 187 · 25.1%
  • Abroad 2 · 0.3%
fewer moremax 250

Largest employers

NACE 9012 as first main activity · staff from the latest accounts
  1. 1 TintinimaginatioBrussels 36.4 FTEfinancial year 2026
  2. 2 FARO.Vlaams steunpunt voor cultureel erfgoedBrussels 21.6 FTEfinancial year 2024
  3. 3 Chapelle Musicale Reine Elisabeth - Muziekkapel Koningin ElisabethBrussels 18.3 FTEfinancial year 2025
  4. 4 Departement ProductionsBrussels 12.1 FTEfinancial year 2025
  5. 5 Conseil de la Musique de la Communauté Française Wallonie-BruxellesBrussels 10.6 FTEfinancial year 2025

Joint committees

from the latest accounts of 34 companies
  • 200 Auxiliary committee for white-collar workers 12
  • 100 Auxiliary committee for blue-collar workers 9
  • 304 Performing arts 6
  • 201 Independent retail 3
  • 227 Audiovisual sector 3
  • 329.01 Socio-cultural sector 3
  • 337 Auxiliary committee for the non-profit sector 2
  • 126 Furnishing and woodworking 1
Show the 5 others
  • 149.01 Electricians: installation and distribution 1
  • 302 Hotels and catering 1
  • 329 Socio-cultural sector 1
  • 329.02 Socio-cultural sector 1
  • 329.03 Socio-cultural sector 1

Source: the annual accounts at the National Bank. One filing can name more than one committee.

Division 90: Creative and performing arts

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 11,234 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

Balance sheet and result. The median net result of €3,420 is below Belgium's €16,516. 42.9% of the annual accounts close with a loss, against 26.7% in Belgium. 19.1% of the annual accounts show negative equity, against 12.4% in Belgium.

Bankruptcies. The median bankruptcy probability of 0.0% is below Belgium's 0.2%.

Inflow and structure. Brussels holds 33.6% of the seats, against 12.5% in Belgium. In 12 months, 21.7 of 100 companies started, against 8.9 in Belgium. That is more than in 98% of the 87 NACE divisions. 63.3% of the companies are sole traders, against 41.6% in Belgium.

Staff and filing. The 5 largest employers hold 99 of the 194 FTE: 51.1%.

Direction. Median solvency rose from 40.0% in financial year 2020 to 50.1% in financial year 2025. The median net result rose from €1,780 in financial year 2020 to €3,420 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 07-11-2026 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 2025 classification, the version in which code 9012 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 1,276,547 companies with a main activity, because only those belong to a division. The other 699,272 registrations publish no activity.

Each median is the value of the middle company, computed over the annual accounts of financial year 2025, and is shown only from 30 accounts. A share (loss-making, negative equity) counts that year's accounts with that trait. Accounts are late when they are filed after the statutory deadline. The direction per financial year follows the companies still registered today. Missing or 90 days late counts the companies with accounts missing today, or whose latest were filed more than 90 days after the deadline. The dossier follows the same rule.