Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
69 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
B Fest from Gent, company number BE0455838731, closed financial year 2024 with a result of € -2.4 million after tax. For that financial year B Fest recorded a gross margin of € -177,389 and equity of € -2.3 million. Compared with financial year 2022, the result moved from € 20,679 to € -2.4 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2025.
€ -2.3 million
▼ € 2.4 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.4 million
▼ still € 20,679 profit in 2022
Profit after tax over the fiscal year.
€ 5,673
▼ 84% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3 million.
People and assets in 2024
10.2
▲ 1.7 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 125% vs 2022
€ 104,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 230,585
▲ 42% vs 2022
Of which on lease € 195,393.
Debts at end 2024
€ 1.5 million
▲ 24% vs 2022
€ 382,946 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3 million
▲ 65% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 121,006
▲ 61% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2024 | Change 2022 → 2024 | |
|---|---|---|---|---|
| Gross margin | € 717,702 | € 877,479 | € -177,389 | ▼ € 1.1 million |
| Profit after taxes | € 20,951 | € 20,679 | € -2,353,213 | ▼ € 2.4 million |
| Equity | € 32,736 | € 53,415 | € -2,299,798 | ▼ € 2.4 million |
| Total debts | € 2,717,175 | € 3,566,433 | € 4,836,626 | ▲ 36% |
| Cash | € 59,391 | € 34,799 | € 5,673 | ▼ 84% |
| Retained profit | € -685,014 | € -664,335 | € -3,017,548 | ▼ € 2.4 million |
| Bank debt | € 1,052,156 | € 1,191,995 | € 1,472,957 | ▲ 24% |
| Balance sheet total | € 2,749,911 | € 3,619,848 | € 2,536,828 | ▼ 30% |
| Employees (FTE) | 6.6 | 8.5 | 10.2 | ▲ 1.7 |
Key figures of B Fest, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 April 2026.
What happened to B Fest?
What happened at B Fest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
B Fest is active according to the CBE. Legal situation: Opening faillissement.
- Peter Huyghe stepped down as director. NBB
- Filip Ysenbrandt stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 2.4 million (▼ € 2.4 million vs 2022). filed late Source: NBB ↗
- Peter Huyghe became a director. NBB
- Filip Ysenbrandt became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 20,951 profit in 2021 to € 2.4 million loss in 2024.
Paid € 3,848 in corporate taxes since 2021.
Best year ever: 2021, with € 20,951 profit.
On average € 103,200 of value added per employee in 2022.
Management
The stake of TWICE INDUSTRIES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
B FestThe shares are held by TWICE INDUSTRIES (100%).
Directors
According to the 2024 annual accounts
Peter Huyghe
Managing director
Also active at: Topradio, TWICE INDUSTRIES, TWICE XP, One World Radio, THX 1138, hellohelloradio.com
since 2019 · until 2030
Filip Ysenbrandt
Managing director
Also active at: Topradio, TWICE INDUSTRIES, TWICE XP, One World Radio
since 2019 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gaston Crommenlaan 8
9050 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 69 companies are registered at this address.
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€ 43,088 gross margin · 2025
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€ 92,634 gross margin · 2025
FLUKE BELGIUM
€ 11.4 million revenue · 2025
+64 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0455.838.731
- VAT number
- BE 0455.838.731
- Registered office
- Gaston Crommenlaan 8, 9050 Gent
- Names & denominations
- B Fest
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 1 July 1995
- Peppol
- Active · Active since 13 Nov 2025
- Contact
- twice.be [email protected] 051 24 88 48
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