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Promotion et Culture

Active
Non-profit associationfounded 1980active for 46 yearsPlace Saint-Paul 9-11, 4000 Liège, BelgiumKBO/BCE: BE 0420.789.859
Summary

Promotion et Culture has been active since 1980 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,000 and a net result of €0. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 15% of 733 sector peers (NACE 94, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Other membership organisations
NACE 94999
2 sites
Size
€160,828total assets 2025
Staff
9.8 FTE
Equity
€25,000
Surplus
€0
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
5 members
Accounts 32 days early2 of 11 deeds read
Why 91raises riskEquity €25,000 (15.5% of total assets)lowers riskLegal form: non-profit associationSector: Activities of membership organisations (NACE 94)Liquidity: current ratio 0.96, cash €30,823Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 28% of its sector peers (NACE 94, micro)
Financial strength · tick = 2024
Average
Solvency 41+7
equity 15.5% of total assets
Liquidity 27+20
short-term debt 84.5% · cash 19.2%
Profitability 69=
return on assets 0.0%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (1,217 companies, NACE 94, micro)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026highest value 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.96, compared with 0.97 in 2024; short-term debt: 84.5% and cash: 19.2% of total assets), and 84.5% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 94, micro): better than 15% on solvency, 4% on liquidity, 55% on profitability and 39% on growth.

The bankruptcy probability was computed on 10-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Sector: Activities of membership organisations (NACE 94)
KBO
raises risk · Equity €25,000 (15.5% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.96, cash €30,823
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 733 sector peers (2025).
NBB · sector comparison
Position among 733 sector peers
Solvency
better than 15%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
32 days early
2024
38 days early
2023
33 days early
2022
46 days early
2021
48 days early
2020
37 days early
2019
43 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 40 days before the deadline; the sector median (NACE 94) for financial year 2024 is 29 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointment: Battista SCHIFANO (administrateur président)Reappointments: Battista SCHIFANO, Minervina BAYON…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignations: Marc VREULS (administrateur et membre…Appointments: Jean SCHIFANO (administrateur et…

Key points

  • Caution: Among the weakest 7% on equitysector median €618,254 · 733 companies €25,000 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Wallonia-Brussels supportpaid 2023 - 2025 €646,492 View
  • New directorlatest change 26-06-2026 · 5 in office 1 joined View
  • Active since 1980founded 18-06-1980 46 years View

By topic

Financials

Financial year
2025
Total assets
€160,828
Profit
€0
Solvency
15.5%
Turnover▼ 89.3%
Net result
20182022
Go to Financials

Board & ownership

Board
5 members
  • Battista SCHIFANODirector
  • Françoise BernardDirector
  • Joël ThoneDirector
  • Stéphane BrédaDirector
  • Éric DuchesneDirector
Go to Board & ownership

Timeline

Events
22
Since
2007
Next accounts
by 31-07-2027
  1. 23-06-2025Annual accounts filed
  2. 28-06-2024Annual accounts filed
  3. 15-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Non-profit association
Activity
Other membership organisationsNACE 94999
Founded
18-06-1980
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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