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A E P MUSIC

Active
Public limited companyfounded 1971active for 55 yearsWaaglaan 18, 1050 Elsene, BelgiumKBO/BCE: BE 0411.101.539
Summary

A E P MUSIC has been active since 1971 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,466) and a net result of -€1,110. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 38 sector peers (NACE 60, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Programming, broadcasting, news agency and other content distribution activities
NACE 60100
4th oldest company in the Brussels-Capital Region, Programming and broadcasting sector1 site
Size
€62,095total assets 2025
Equity
-€1,466
Loss
-€1,110
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Accounts filed 61 days late0 of 1 deed read
Why 53raises riskCapped at 59: negative equityLiquidity: current ratio 0.01, cash €419Latest accounts 61 days late; 1 of the last 3 latelowers riskSize: total assets €62,095Founded in 1971Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 14% of its sector peers (NACE 60, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 23-1
equity -2.4% of total assets
Liquidity 1+1
short-term debt 102.4% · cash 0.7%
Profitability 33+1
return on assets -1.8%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (257 companies, NACE 60, micro)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.9%▲ +0.1 percentage points vs 06-2025 08-2025: 1.2%▲ +0.3 percentage points vs 07-2025highest value 09-2025: 0.5%▼ -0.7 percentage points vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.4 percentage points vs 07-2026 09-2026: 1.0%▲ +0.1 percentage points vs 08-2026 10-2026: 0.4%▼ -0.6 percentage points vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.01, compared with 0.02 in 2024, below 1; short-term debt: 102.4% and cash: 0.7% of total assets), and equity is negative.
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 60, micro): better than 20% on solvency, 2% on liquidity, 31% on profitability and 3% on growth.

The bankruptcy probability was computed on 13-10-2026 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 · Size: total assets €62,095
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.01, cash €419
NBB · annual accounts
raises risk · Latest accounts 61 days late; 1 of the last 3 late
NBB · filings
lowers risk · Founded in 1971
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1,466
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
2024
27 days late
2023
23 days late
2022
106 days late
2021
147 days late
2020
141 days late
2019
70 days late
← 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 82 days after the deadline; the sector median (NACE 60) for financial year 2024 is 1 day before the deadline, and 44% 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 30 September (4 of the last 5 filed years within 45 days of that day).
Companies Code · seven months
Where today falls in the filing period
14-10-2026 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. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€1,466 View
  • Risk: 3 loss-making years in a rowloss financial year 2025 -€1,110 View
  • Caution: Among the weakest 17% on equitysector median €105,119 · 38 companies -€1,466 View
  • Caution: Latest accounts filed lateafter the legal deadline 61 days View
  • Active since 1971founded 24-09-1971 55 years View

By topic

Financials

Financial year
2025
Total assets
€62,095
Loss
-€1,110
Solvency
-2.4%
Total assets▼ 1.2%
Net result
20182025
Go to Financials

Timeline

Events
46
Since
1978
Next accounts
by 31-07-2027
  1. 31-12-2023Weakest financial year
  2. 14-11-2023Annual accounts filed
  3. 31-12-2022Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Programming, broadcasting, news agency and other content distribution…NACE 60100
Founded
24-09-1971
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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