Skip to content

8AUDIO

Active
Private limited companyfounded 2024active for 2 yearsRoterijstraat(Kor) 58, 8500 Kortrijk, BelgiumKBO/BCE: BE 1010.064.265
Summary

The computed 12-month bankruptcy probability of 8AUDIO is 4.5% (elevated). The 2024 annual accounts show equity of €45,330 and a net result of €39,330. Its solvency ranks better than 44% of 1,905 sector peers (NACE 59, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2024 annual accounts filed late (266 days) Filed on 23 April 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00085785.

Turnover
≈ €170,000
Estimated: probably between €110,000 and €290,000
Total assets
€107,877
Net result
€39,330
Working capital
€25,400

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €107,877
Fixed assets €60,596
Current assets €47,280
Equity and liabilities €107,877
Equity €45,330
Debt €62,546
Debt finances 58.0% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€54,424
Cash flow
€42,916
Current ratio
2.16
Debt to equity
1.38
ROE
86.8%
ROA
36.5%
Interest coverage
75.30
Debt ≤ 1 year
€21,880
Debt > 1 year
€40,666
Income taxes
€10,803

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% still going

For this company itself Checked computes a higher bankruptcy probability: 4.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 40 lines
Balance sheet Code2024
Assets
Total assets20/58€107,877
Fixed assets21/28€60,596
Tangible fixed assets22/27€60,596
Plant, machinery and equipment23€13,186
Furniture and vehicles24€47,410
Current assets29/58€47,280
Amounts receivable within one year40/41€15,481
Trade receivables40€7,735
Other amounts receivable41€7,746
Cash at bank and in hand54/58€31,799
Equity and liabilities
Total equity and liabilities10/49€107,877
Equity10/15€45,330
Contributions10/11€6,000
Reserves13€39,330
Distributable reserves133€39,330
Amounts payable17/49€62,546
Amounts payable after more than one year17€40,666
Financial debts170/4€40,666
Amounts payable within one year42/48€21,880
Current portion of amounts payable after more than one year42€7,055
Trade debts44€5,173
Suppliers440/4€5,173
Taxes, remuneration and social security45€9,652
Taxes450/3€8,152
Remuneration and social security454/9€1,500
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,585
Other operating charges640/8€717
Gross operating margin9900€55,141
Operating profit (loss)9901€50,839
Financial income75/76B€17
Recurring financial income75€17
Financial charges65/66B€723
Recurring financial charges65€723
Profit (loss) for the period before taxes9903€50,133
Income taxes67/77€10,803
Profit (loss) for the period9904€39,330
Profit (loss) for the period to be appropriated9905€39,330
Appropriation of the result
Profit (loss) to be appropriated9906€39,330
Transfer to equity691/2€39,330
To other reserves6921€39,330

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,585
Other operating charges640/8€717
Gross operating margin9900€55,141
Operating profit (loss)9901€50,839
Financial income75/76B€17
Recurring financial income75€17
Financial charges65/66B€723
Recurring financial charges65€723
Profit (loss) for the period before taxes9903€50,133
Income taxes67/77€10,803
Profit (loss) for the period9904€39,330
Profit (loss) for the period to be appropriated9905€39,330
Line2024
Assets
Total assets20/58€107,877
Fixed assets21/28€60,596
Tangible fixed assets22/27€60,596
Plant, machinery and equipment23€13,186
Furniture and vehicles24€47,410
Current assets29/58€47,280
Amounts receivable within one year40/41€15,481
Trade receivables40€7,735
Other amounts receivable41€7,746
Cash at bank and in hand54/58€31,799
Equity and liabilities
Total equity and liabilities10/49€107,877
Equity10/15€45,330
Contributions10/11€6,000
Reserves13€39,330
Distributable reserves133€39,330
Amounts payable17/49€62,546
Amounts payable after more than one year17€40,666
Financial debts170/4€40,666
Amounts payable within one year42/48€21,880
Current portion of amounts payable after more than one year42€7,055
Trade debts44€5,173
Suppliers440/4€5,173
Taxes, remuneration and social security45€9,652
Taxes450/3€8,152
Remuneration and social security454/9€1,500
Line2024
Profit (loss) for the period9904€39,330
+ Depreciation and write-downs630€3,585
Operating cash flow (approximation)€42,916

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 23-04-2026 2026-00085785

Similar companies · same sector, comparable size

Of the 800 active companies whose main activity is sound recording (NACE 59201), figures are known for 171. 145 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.