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Kunstencentrum VIERNULVIER

Active
Non-profit associationfounded 1982active for 44 yearsSint-Pietersnieuwstraat 23, 9000 Gent, BelgiumKBO/BCE: BE 0423.063.619
Summary

Kunstencentrum VIERNULVIER has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21.5m and a net result of -€31,560. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 87% of 631 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Arts creation and performing arts activities
NACE 90311
Largest employer in East Flanders, Creative and performing arts sector1 site
Size
€11.1moperating revenue 2025
Staff
78.6 FTE
Equity
€21.5m
Deficit
-€31,560
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
10 members
Accounts 64 days early
Why 95lowers riskLegal form: non-profit associationFounded in 1982Equity €21.5m (81.4% of total assets)Sector: Arts creation and performing arts activities (NACE 90)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 63% of its sector peers (NACE 90, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 81.4% of total assets
Liquidity 55-1
short-term debt 13.9% · cash 6.0%
Profitability 79-1
return on assets -0.1%
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% (31 companies, NACE 90, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025highest value 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025highest value 09-2025: < 0.1%● unchanged vs 08-2025highest value 10-2025: < 0.1%● unchanged vs 09-2025highest value 11-2025: < 0.1%● unchanged vs 10-2025highest value 12-2025: < 0.1%● unchanged vs 11-2025highest value 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 05-2026 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 €440,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.35, compared with 7.54 in 2024, above the usual 1.5; short-term debt: 13.9% and cash: 6% of total assets), and 18.6% of the assets are financed with debt and provisions.
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 90, medium-sized): better than 93% on solvency, 50% on liquidity, 83% on profitability and 24% on growth.

The bankruptcy probability was computed on 15-10-2026 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

Five signals.
lowers riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Founded in 1982
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €21.5m (81.4% of total assets)
NBB · annual accounts
lowers risk · Sector: Arts creation and performing arts activities (NACE 90)
KBO
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
64 days early
2024
84 days early
2023
54 days early
2022
123 days early
2021
101 days early
2020
99 days early
2019
93 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 88 days before the deadline; the sector median (NACE 90) for financial year 2024 is 4 days before the deadline, and 38% 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 8 May (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Where today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Reappointments: Baker Tilly Bedrijfsrevisoren BV (statutory…Resignations: Yeliz Akman (director) and…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Caution: From profit to loss in 2025after €313,760 in 2024 -€31,560 View
  • Positive: Largest employer in East Flanders, Creative and performing arts sectorin the Checked rankings No. 1 View
  • Board changedlatest change 29-04-2026 · 10 in office 2 joined · 2 left View
  • Flemish supportawarded from 2022 to 2025 €22.8m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

By topic

Financials

Financial year
2025
Turnover
€4.5m
Loss
-€31,560
Solvency
81.4%
Turnover▼ 10.4%
Net result
20182025
Go to Financials

Board & ownership

Board
10 members
  • Isabelle Van CauwenbergeChair
  • Adelbrecht HaenebalckeDirector
  • Brigitte HerremansDirector
  • Sammy BouzoumitaDirector
  • Simon AllemeerschDirector

and 5 other directors

Go to Board & ownership

Timeline

Events
56
Since
2006
Next accounts
by 31-07-2027
  1. 28-03-2025Amendment of the articles
  2. 07-06-2024Annual accounts filed
  3. 08-05-2024Appointments: Adelbrecht Haenebalcke, Yeliz Akman and 2…
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Arts creation and performing arts activitiesNACE 90311
Founded
26-05-1982
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
30
Purpose
“Een platform te zijn in en voor een rijk netwerk van kunstenaars en organisaties uit tal…” (deed in Dutch)
Go to Articles of association

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