THE ACTIVATORS
ActiveSummary
THE ACTIVATORS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €81k and a net result of €11k. Equity is growing by ~47.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 2464 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-18
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 5.09 against 6.6 in 2023; short-term debt: 18.5% and cash: 73% of total assets), and 18.5% of the assets are financed with debt.
Credit check for your own amount and term
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-05-2025, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
84 d early
2023
43 d early
2022
35 d early
2021
32 d early
2020
43 d early
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€81k▲ 15.6%
2023 · €70k
2018: €6klowest in 7 years
2019: €14k▲ +123% vs 2018
2020: €11k▼ -22.4% vs 2019
2021: €28k▲ +159% vs 2020
2022: €55k▲ +95.8% vs 2021
2023: €70k▲ +27.4% vs 2022
2024: €81k▲ +15.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€99k▲ 21.8%
2023 · €81k
2018: €8klowest in 7 years
2019: €18k▲ +114% vs 2018
2020: €25k▲ +40.3% vs 2019
2021: €41k▲ +59.5% vs 2020
2022: €76k▲ +86.2% vs 2021
2023: €81k▲ +7.6% vs 2022
2024: €99k▲ +21.8% vs 2023highest in 7 years
2018 → 2024
Net result
€11k▼ 57.2%
2023 · €25k
2018: €-12klowest in 7 years
2019: €8k▲ +163% vs 2018
2020: €-3k▼ -141% vs 2019
2021: €17k▲ +651% vs 2020
2022: €27k▲ +56.0% vs 2021highest in 7 years
2023: €25k▼ -5.2% vs 2022
2024: €11k▼ -57.2% vs 2023
2018 → 2024
Working capital
€75k▲ 16.4%
2023 · €64k
2018: €6k
2019: €13k▲ +111% vs 2018
2020: €5k▼ -61.1% vs 2019lowest in 7 years
2021: €21k▲ +311% vs 2020
2022: €50k▲ +140% vs 2021
2023: €64k▲ +27.9% vs 2022
2024: €75k▲ +16.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11k-€28k▲ 159%€55k▲ 95.8%€70k▲ 27.4%€81k▲ 15.6%
2020: €11klowest in 5 years
2021: €28k▲ +159% vs 2020
2022: €55k▲ +95.8% vs 2021
2023: €70k▲ +27.4% vs 2022
2024: €81k▲ +15.6% vs 2023highest in 5 years
Operating result€-8k-€21k€41k▲ 94.4%€39k▼ 4.1%€18k▼ 54.2%
2020: €-8klowest in 5 years
2021: €21k▲ +363% vs 2020
2022: €41k▲ +94.4% vs 2021highest in 5 years
2023: €39k▼ -4.1% vs 2022
2024: €18k▼ -54.2% vs 2023
Net result€-3k-€17k€27k▲ 56.0%€25k▼ 5.2%€11k▼ 57.2%
2020: €-3klowest in 5 years
2021: €17k▲ +651% vs 2020
2022: €27k▲ +56.0% vs 2021highest in 5 years
2023: €25k▼ -5.2% vs 2022
2024: €11k▼ -57.2% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 54% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €99k
Fixed assets
€6k ▲ 5.9%
Current assets
€93k ▲ 22.9%
Equity and liabilities €99k
Equity
€81k ▲ 15.6%
Debt
€18k ▲ 59.2%
Debt's share of the balance-sheet total rises from 14.2% to 18.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2023 · €40k
Cash flow
€12k▼
2023 · €26k
Current ratio
5.09▼
2023 · 6.60
Debt to equity
0.23▲
2023 · 0.16
ROE
13.5%▼
2023 · 36.4%
ROA
11.0%▼
2023 · 31.2%
Interest coverage
10.63▼
2023 · 30.00
Debt ≤ 1 year
€18k▲
2023 · €12k
Income taxes
€5k▼
2023 · €13k
Staff costs
€0▼
2023 · €160
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 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€81k€99k▲
Fixed assets21/28€5k€6k▲
Tangible fixed assets22/27€5k€6k▲
Plant, machinery and equipment23€5k€6k▲
Furniture and vehicles24€0-
Current assets29/58€76k€93k▲
Amounts receivable within one year40/41€31k€21k▼
Trade receivables40€26k€6k▼
Other amounts receivable41€4k€15k▲
Cash at bank and in hand54/58€45k€72k▲
Deferred charges and accrued income490/1-€51
Equity and liabilities
Total equity and liabilities10/49€81k€99k▲
Equity10/15€70k€81k▲
Contributions10/11€6k€6k=
Reserves13€64k€74k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€64k€74k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€12k€18k▲
Amounts payable within one year42/48€12k€18k▲
Financial debts43-€528
Credit institutions430/8-€528
Trade debts44€7k€11k▲
Suppliers440/4€7k€11k▲
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€529€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€160€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€941€1k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€42k€21k▼
Operating profit (loss)9901€39k€18k▼
Financial income75/76B€43€0▼
Recurring financial income75€43€0▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€38k€16k▼
Income taxes67/77€13k€5k▼
Profit (loss) for the period9904€25k€11k▼
Profit (loss) for the period to be appropriated9905€25k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€11k▼
Transfer from equity791/2€10k€0▼
Transfer to equity691/2€25k€11k▼
To other reserves6921€25k€11k▼
Profit to be distributed694/7€10k€0▼
Return on contributions (dividend)694€10k€0▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €246 | €160 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €3k | €941 | €1k | ▲ 40.2% |
| Other operating charges640/8 | - | €1k | €1k | €1k | €1k | ▲ 9.1% |
| Gross operating margin9900 | €-4k | €25k | €45k | €42k | €21k | ▼ 50.2% |
| Operating profit (loss)9901 | €-8k | €21k | €41k | €39k | €18k | ▼ 54.2% |
| Financial income75/76B | - | €67 | €55 | €43 | €0 | ▼ 100% |
| Recurring financial income75 | €5k | €67 | €55 | €43 | €0 | ▼ 100% |
| Financial charges65/66B | - | €76 | €79 | €1k | €2k | ▲ 35.4% |
| Recurring financial charges65 | €118 | €76 | €79 | €1k | €2k | ▲ 35.4% |
| Profit (loss) for the period before taxes9903 | €-3k | €21k | €41k | €38k | €16k | ▼ 57.5% |
| Income taxes67/77 | €63 | €4k | €14k | €13k | €5k | ▼ 57.9% |
| Profit (loss) for the period9904 | €-3k | €17k | €27k | €25k | €11k | ▼ 57.2% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €17k | €27k | €25k | €11k | ▼ 57.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25k | €41k | €76k | €81k | €99k | ▲ 21.8% |
| Fixed assets21/28 | €6k | €7k | €4k | €5k | €6k | ▲ 5.9% |
| Tangible fixed assets22/27 | €6k | €7k | €4k | €5k | €6k | ▲ 5.9% |
| Plant, machinery and equipment23 | - | €5k | €4k | €5k | €6k | ▲ 5.9% |
| Furniture and vehicles24 | - | €2k | €190 | €0 | - | - |
| Current assets29/58 | €20k | €34k | €71k | €76k | €93k | ▲ 22.9% |
| Amounts receivable within one year40/41 | €12k | €11k | €10k | €31k | €21k | ▼ 31.6% |
| Trade receivables40 | - | €11k | €10k | €26k | €6k | ▼ 77.7% |
| Other amounts receivable41 | - | €95 | €656 | €4k | €15k | ▲ 243% |
| Cash at bank and in hand54/58 | €8k | €23k | €61k | €45k | €72k | ▲ 59.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €51 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25k | €41k | €76k | €81k | €99k | ▲ 21.8% |
| Equity10/15 | €11k | €28k | €55k | €70k | €81k | ▲ 15.6% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €12k | €22k | €49k | €64k | €74k | ▲ 17.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €20k | €47k | €64k | €74k | ▲ 17.1% |
| Profit (loss) carried forward14 | €-8k | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €15k | €13k | €21k | €12k | €18k | ▲ 59.2% |
| Amounts payable within one year42/48 | €15k | €13k | €21k | €12k | €18k | ▲ 59.2% |
| Financial debts43 | - | - | - | - | €528 | - |
| Credit institutions430/8 | - | - | - | - | €528 | - |
| Trade debts44 | €899 | €2k | €12k | €7k | €11k | ▲ 62.2% |
| Suppliers440/4 | - | €2k | €12k | €7k | €11k | ▲ 62.2% |
| Taxes, remuneration and social security45 | - | €2k | €7k | €4k | €7k | ▲ 62.0% |
| Taxes450/3 | - | €2k | €7k | €4k | €7k | ▲ 62.0% |
| Remuneration and social security454/9 | - | - | €188 | €0 | - | - |
| Other amounts payable47/48 | - | €9k | €1k | €529 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €17k | €27k | €25k | €11k | ▼ 57.2% |
| + Depreciation and write-downs630 | €2k | €2k | €3k | €941 | €1k | ▲ 40.2% |
| Operating cash flow (approximation) | €-794 | €20k | €29k | €26k | €12k | ▼ 53.7% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-2k | €-2k | ▲ 14.9% |
| Change in cash | - | €15k | €38k | €-16k | €27k | ▲ 272% |
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
2025
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €27k ▲56%
Operating result €41k, net result €27k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Niel · 1 establishment unit since 2008
Ground area
154 m²
Building footprint
84 m²
Volume, LiDAR
468 m³
Parcel 11030A0282/00M003, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THE ACTIVATORS
since 20082.174.599.646
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11030A0282/00M003 | Flanders | 154 m² | 1 · 84 m² | 9.8 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.
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Of 3,523 companies in sector 90391 we hold annual accounts for 681. 525 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
Founded03-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
90120Visual arts creation
90399Other support activities for arts and performing arts
Scores and ratios are computed by Checked and are not a credit decision.