B Fest
Open bankruptcyA bankruptcy procedure is open for B Fest according to publications in the Belgian State Gazette; curator: PIETER HUYGHE.
Summary
The 2024 annual accounts show negative equity (€-2.30M) and a net result of €-2.35M.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
181920212224
2018 to 2024 · latest year €-2.30M
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 02-06-2025, 33 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
2024
33 d late
2022
25 d early
2021
108 d early
2020
136 d early
2019
98 d early
2018
44 d early
2017
49 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-2.30M
2022 · €53k
2018: €252k
2019: €320k
2020: €12k
2021: €33k
2022: €53k
2018 → 2024
Total assets
€2.54M▼ 29.9%
2022 · €3.62M
2018: €2.39M
2019: €2.81M
2020: €2.15M
2021: €2.75M
2022: €3.62M
2018 → 2024
Net result
€-2.35M
2022 · €21k
2018: €13k
2019: €68k
2020: €-908k
2021: €21k
2022: €21k
2018 → 2024
Working capital
€-2.04M▼ 373%
2022 · €-431k
2018: €275k
2019: €39k
2020: €-51k
2021: €-285k
2022: €-431k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Equity€320k-€12k▼ 96.3%€33k▲ 178%€53k▲ 63.2%€-2.30M
Operating result€21k-€-880k€51k€32k▼ 36.9%€-2.31M
Net result€68k-€-908k€21k€21k▼ 1.3%€-2.35M
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-2.31M in 2024, compared with €32k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €2.54M
Fixed assets
€525k ▼ 47.0%
Current assets
€2.01M ▼ 23.5%
Key figures and ratios
EBITDA
€-1.66M▼
2022 · €377k
Cash flow
€-1.70M▼
2022 · €365k
Solvency
-90.7%▼
2022 · 1.5%
Current ratio
0.50▼
2022 · 0.86
Debt to equity
-2.10▼
2022 · 66.77
ROA
-92.8%▼
2022 · 0.6%
Interest coverage
-16.16▼
2022 · 13.76
Debt
€4.84M▲
2022 · €3.57M
Debt ≤ 1 year
€4.05M▲
2022 · €3.06M
Debt > 1 year
€591k▲
2022 · €413k
Income taxes
€2k▲
2022 · €1k
Staff costs
€1.07M▲
2022 · €475k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2022 · 58 lines
Balance sheet
Code20222024
Assets
Total assets20/58€3.62M€2.54M▼
Fixed assets21/28€990k€525k▼
Intangible fixed assets21€155k€42k▼
Tangible fixed assets22/27€829k€482k▼
Plant, machinery and equipment23€609k€216k▼
Furniture and vehicles24€65k€35k▼
Leasing and similar rights25€98k€195k▲
Other tangible fixed assets26€58k€36k▼
Financial fixed assets28€5k€335▼
Current assets29/58€2.63M€2.01M▼
Amounts receivable within one year40/41€2.44M€1.88M▼
Trade receivables40€1.47M€1.26M▼
Other amounts receivable41€970k€618k▼
Cash at bank and in hand54/58€35k€6k▼
Deferred charges and accrued income490/1€154k€127k▼
Equity and liabilities
Total equity and liabilities10/49€3.62M€2.54M▼
Equity10/15€53k€-2.30M▼
Contributions10/11€718k€718k=
Capital10€718k€718k=
Issued capital100€718k€718k=
Reserves13€202k€202k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Distributable reserves133€190k€190k=
Profit (loss) carried forward14€-866k€-3.22M▼
Amounts payable17/49€3.57M€4.84M▲
Amounts payable after more than one year17€413k€591k▲
Financial debts170/4€413k€591k▲
Amounts payable within one year42/48€3.06M€4.05M▲
Current portion of amounts payable after more than one year42€192k€383k▲
Financial debts43€587k€499k▼
Credit institutions430/8€587k€499k▼
Trade debts44€1.85M€3.05M▲
Suppliers440/4€1.85M€3.05M▲
Taxes, remuneration and social security45€75k€121k▲
Taxes450/3€21k€9k▼
Remuneration and social security454/9€54k€112k▲
Other amounts payable47/48€359k€0▼
Accrued charges and deferred income492/3€93k€195k▲
Income statement
Code20222024
Non-recurring operating income76A€40k€42k▲
Remuneration, social security and pensions62€475k€1.07M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€345k€653k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-5k
Other operating charges640/8€9k€33k▲
Non-recurring operating charges66A€16k€388k▲
Gross operating margin9900€877k€-177k▼
Operating profit (loss)9901€32k€-2.31M▼
Financial income75/76B€17k€66k▲
Recurring financial income75€17k€66k▲
Financial charges65/66B€27k€103k▲
Recurring financial charges65€27k€103k▲
Profit (loss) for the period before taxes9903€22k€-2.35M▼
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€21k€-2.35M▼
Profit (loss) for the period to be appropriated9905€21k€-2.35M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-866k€-3.22M▼
Profit (loss) brought forward from the previous period14P€-887k€-866k▲
Social balance
Average headcount (FTE)90878.510.2▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
11-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · B FEST NV GASTON CROM- MENLAAN 8, 9050 GENTBRUGGE · event 05-08-2026
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 33 days late
2024
30-09
Financial
Weakest financial yearnet €-2.35M ▼11480%
Net result drops to €-2.35M, the lowest in the series.
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €68k ▲437%
Net result €68k, the highest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Show earlier events
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
29-04
State Gazette act
General meeting · Legal-form conversion
Net-asset statement · Director resignation
2015
26-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Gent · 1 establishment unit since 1995
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.
Gaston Crommenlaan 89050 GentGround area
1.9 ha
Building footprint
1,241 m²
Volume, LiDAR
19,773 m³
Parcel 44032A0472/00R003, Flanders · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
B FEST
since 19952.073.031.837
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0472/00R003 | Flanders | 1.9 ha | 1 · 1,241 m² | 18.8 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIETER HUYGHE SAVAANSTRAAT 72, 9000 GENT- |
05-08-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 54,850 EUR awarded · 54,850 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 353 EUR | 353 EUR |
| 2024 | 1 | 7,227 EUR | 7,311 EUR |
| 2023 | 1 | 84 EUR | 0 EUR |
| 2022 | 2 | 47,186 EUR | 47,186 EUR |
Schemes
Globalisatiemechanisme (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,728 companies in sector 93299 we hold annual accounts for 1,168. 912 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-07-1995
Fiscal year end30-09
Activities, NACEBEL 2025
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.twice.be
E-mail:info@twice.be