Equity
AUDIOFRONT paid out €2,242 in dividends. That is 30% of the 2025 profit.
AUDIOFRONT paid out €2,242 in dividends. That is 30% of the 2025 profit.
Of this, €137,790 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 78.8% higher than in 2024.
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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, micro). It does better than 34% of them on solvency, 51% on liquidity, 52% on profitability and 62% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,542 companies had the same profile as AUDIOFRONT has now. Each dot stands for 7 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AUDIOFRONT itself is lower: 0.1% within 12 months. It rests on far more data about AUDIOFRONT than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,542 companies, not a prediction for AUDIOFRONT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.84 (1.22 in 2024), below 1. Short-term debt is 72.2% and cash 43.9% of total assets. 73.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 10 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| AUDIOFRONT Izegem | €190,972 | €29,176 | 26.3% | - |
| Verphi Productions Hasselt | €166,130 | €33,078 | 36.9% | - |
| GROUP-PDA As | €162,935 | €38,977 | 62.1% | - |
| MDM-concepts Brecht | €133,008 | €23,245 | 2.7% | - |
| MLR Beerse | €174,640 | €25,268 | 3.2% | - |
| PXL Guy Torhout | €123,798 | €31,094 | 14.6% | - |
| BAVARENT Harelbeke | €125,449 | €38,741 | -4.0% | - |
These companies have the same main activity as AUDIOFRONT: specialised image, lighting and sound technical services (NACE 90393). They are comparable in size and age: total assets between €124,000 and €175,000, founded between 2022 and 2025.
AUDIOFRONT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50,144 and a net result of €7,425.
Its solvency ranks better than 33% of 2,486 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €83,000. Estimated: probably between €48,000 and €130,000.
Higher than 33% of 2,486 companies in 2025.
Higher than 23% of 2,349 companies in 2025.
Higher than 46% of 2,394 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
190,972 | 154,464 | |
21/28 |
74,591 | 22,462 | |
22/27 |
74,591 | 22,462 | |
23 |
29,319 | 16,396 | |
24 |
45,272 | 6,065 | |
29/58 |
116,381 | 132,002 | |
3 |
1,419 | - | |
30/36 |
1,419 | - | |
40/41 |
31,100 | 70,252 | |
40 |
30,228 | 70,252 | |
41 |
872 | - | |
54/58 |
83,862 | 61,750 | |
| Balance sheet: equity and liabilities | |||
10/49 |
190,972 | 154,464 | |
10/15 |
50,144 | 44,961 | |
10/11 |
20,000 | 20,000 | |
13 |
24,961 | 24,961 | |
133 |
24,961 | 24,961 | |
14 |
5,183 | - | |
17/49 |
140,828 | 109,503 | |
42/48 |
137,790 | 108,131 | |
44 |
35,001 | 2,016 | |
440/4 |
35,001 | 2,016 | |
45 |
15,594 | 24,123 | |
450/3 |
14,394 | 24,123 | |
454/9 |
1,200 | - | |
47/48 |
87,195 | 81,993 | |
492/3 |
3,038 | 1,372 | |
| Income statement | |||
76A |
407 | - | |
9900 |
29,176 | 64,477 | |
630 |
15,888 | 4,244 | |
640/8 |
465 | 329 | |
66A |
100 | 19,534 | |
9901 |
12,723 | 40,370 | |
75/76B |
0 | 890 | |
75 |
0 | 890 | |
65/66B |
3,254 | 6,327 | |
65 |
3,254 | 6,327 | |
9903 |
9,469 | 34,933 | |
67/77 |
2,044 | 9,972 | |
9904 |
7,425 | 24,961 | |
9905 |
7,425 | 24,961 | |
| Appropriation of the result | |||
9906 |
7,425 | 24,961 | |
691/2 |
- | 24,961 | |
6921 |
- | 24,961 | |
694/7 |
2,242 | - | |
694 |
2,242 | - | |
| Document | |||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 28,610 | 44,614 | ||
| 23,313 | 29,205 | ||
| 73,300 | 93,234 | ||
| 22,113 | - | ||
| -21,409 | 23,871 | ||
| 26.3% | 29.1% | ||
| 0.84 | 1.22 | ||
| 0.83 | 1.22 | ||
| 2.81 | 2.44 | ||
| 14.8% | 55.5% | ||
| 3.9% | 16.2% | ||
| 8.79 | 7.05 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €73,300 | €93,234 |
| €15,888 | €4,244 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 68% lower than in 2024.
Debt's share of the balance-sheet total rises from 70.9% to 73.7%. Equity and debt are higher.
AUDIOFRONT has no parent and no holdings in its annual accounts. BEKAERT Pieter Willy Frans is the only director. AUDIOFRONT shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
AUDIOFRONT was incorporated on 11 January 2024 as a private limited company by one natural person, with a starting capital of €20,000.12 Since 2024, BEKAERT Pieter Willy Frans has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Stuivenbergstraat 4 registered office 8870 Izegem | 11-01-2024 | 2.354.569.981 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36494D0166/00A002 | 262 m² | 1 · 120 m² | 11.1 m · 2 |
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