Aud-Rey Music
The computed 12-month bankruptcy probability of Aud-Rey Music is 1.3% (low). The 2024 annual accounts show negative equity (€-129k) and a net result of €30k. Equity is shrinking by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 7% of 52 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-129k |
| Net result | €30k |
| Better than sector | 7% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -19.6% | 40.5% | |
| Net result | €30k | €9k | |
| Equity | €-129k | €91k | |
| Gross operating margin | €147k | €34k | |
| Total assets | €656k | €302k |
Show 9 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €143k |
| Net profit | €30k |
| Cash flow | €104k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €656k |
| Equity | €-129k |
| Debt | €785k |
| of which ≤ 1y | €259k |
| of which > 1y | €526k |
| Working capital | €-38k |
| Employees (FTE) | 0.0 |
| 2024 | |
|---|---|
| Current ratio | 0.85 |
| Quick ratio | 0.03 |
| Working capital ratio | -5.8% |
| Solvency | -19.6% |
| Debt / equity | -6.09 |
| Long-term debt ratio | -4.08 |
| Interest coverage | 3.69 |
| Gross margin | - |
| Net margin | - |
| ROA | 4.6% |
| ROE | -23.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (24 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €656k |
| Fixed assets | 21/28 | €435k |
| Intangible fixed assets | 21 | €37k |
| Tangible fixed assets | 22/27 | €397k |
| Financial fixed assets | 28 | €150 |
| Current assets | 29/58 | €221k |
| Stocks & contracts in progress | 3 | €213k |
| Amounts receivable within one year | 40/41 | €1k |
| Cash & bank | 54/58 | €6k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €656k |
| Equity | 10/15 | €-129k |
| Contributions / capital | 10/11 | €25k |
| Accumulated profits (losses) | 14 | €-154k |
| Amounts payable | 17/49 | €785k |
| Amounts payable after one year | 17 | €526k |
| Amounts payable within one year | 42/48 | €259k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €147k |
| Operating result | 9901 | €69k |
| Financial income | 75 | €94 |
| Financial charges | 65 | €39k |
| Result before taxes | 9903 | €30k |
| Net result for the period | 9904 | €30k |
| Result to be appropriated | 9905 | €30k |
| NACE primary | Beoefening van uitvoerende kunsten door zelfstandig werkende artiesten(90201) |
| Legal form | Private limited company(610) |
| Incorporation | 07-04-2021 |
| Status | Active |
| Postal code | 1050 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
22-12-2025 Registered office moved from Bruxelles to Ixelles
- avenue Louise 523, 1050 Bruxelles → Rue Joseph Stallaert 5, 1050 Ixelles
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Ixelles",
"region": "Brussels",
"street": "Rue Joseph Stallaert",
"country": "BE",
"postcode": "1050",
"box_number": "4",
"street_number": "5"
},
"old_address": {
"city": "Bruxelles",
"region": "Brussels",
"street": "avenue Louise",
"country": "BE",
"postcode": "1050",
"box_number": null,
"street_number": "523"
},
"effective_date": "2025-12-09",
"evidence_quote": "a d\u00E9cid\u00E9 de transf\u00E9rer le si\u00E8ge social de la soci\u00E9t\u00E9 avenue Louise 523 \u00E0 1050 Bruxelles, et ce, avec effet d\u00E8s le 9 d\u00E9cembre 2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0766.421.447",
"name_full": "AUD-REY MUSIC",
"legal_form": "SRL"
}
}17-04-2024 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"detected_kind": "other",
"effective_date": null,
"mandate_renewal": null,
"subject_company": {
"kbo": "0766.421.447",
"name_full": "AUD-REY MUSIC",
"legal_form": "SRL"
},
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"single_shareholder_declaration": null
}09-04-2021 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "1050 Ixelles, Rue Joseph Stallaert 5 bte 4e",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "TUGENDHAFT Audrey Sharon",
"niss": null,
"address": "1050 Ixelles, Rue Joseph Stallaert 5, 4\u00E8me"
},
"share_class": "nominatives",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 25000,
"holder_person_name": "TUGENDHAFT Audrey Sharon",
"is_subscriber_only": false,
"n_shares_subscribed": 2500,
"amount_subscribed_eur": 25000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 25000,
"subject_company": {
"kbo": "0766.421.447",
"name_full": "Aud-Rey Music",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2021-04-01",
"post_incorporation_mandates": []
}| Legal nameFR | Aud-Rey Music |