CED AUDIO
ActiveSummary
CED AUDIO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38k and a net result of €4k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 39% of 1932 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+26
Solvency60▲+5
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.1 in 2023; short-term debt: 43.1% and cash: 11.7% of total assets), and 65% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35%
Return on assets
3.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
63 d late
2022
57 d late
2021
30 d late
2020
53 d late
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€38k▲ 12.7%
2023 · €34k
Total assets
€108k▼ 2.6%
2023 · €111k
Net result
€4k
2023 · €-10k
Working capital
€6k▲ 86.5%
2023 · €3k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€3k▼ 79.3%€-7k€6k€-6k€14k
Net result€1k▼ 85.7%€-8k€4k€-10k€4k
Equity€47k▲ 2.9%€39k▼ 17.0%€43k▲ 11.3%€34k▼ 22.2%€38k▲ 12.7%
Total assets€62k▼ 23.9%€86k▲ 39.9%€78k▼ 9.5%€111k▲ 42.0%€108k▼ 2.6%
Debt€15k▼ 57.9%€48k▲ 217%€35k▼ 26.4%€77k▲ 121%€70k▼ 9.2%
Working capital€29k▲ 0.9%€14k▼ 52.2%€21k▲ 47.1%€3k▼ 83.3%€6k▲ 86.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €14k after a loss of €6k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €108k
Fixed assets
€55k ▼ 25.7%
Current assets
€53k ▲ 43.9%
Equity and liabilities €108k
Equity
€38k ▲ 12.7%
Debt
€70k ▼ 9.2%
Debt's share of the balance-sheet total falls from 69.8% to 65.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▲
2023 · €16k
Cash flow
€25k▲
2023 · €13k
Current ratio
1.14▲
2023 · 1.10
Debt to equity
1.86▼
2023 · 2.31
ROE
11.2%▲
2023 · -28.6%
ROA
3.9%▲
2023 · -8.6%
Interest coverage
9.49▲
2023 · 4.85
Debt ≤ 1 year
€47k▲
2023 · €33k
Debt > 1 year
€24k▼
2023 · €44k
Income taxes
€6k▲
2023 · €254
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €9k | €14k | €22k | €21k | ▼ 4.9% |
| Other operating charges640/8 | - | €393 | €633 | €545 | €2k | ▲ 232% |
| Non-recurring operating charges66A | - | - | - | - | €14k | - |
| Gross operating margin9900 | €11k | €3k | €20k | €17k | €51k | ▲ 201% |
| Operating profit (loss)9901 | €3k | €-7k | €6k | €-6k | €14k | ▲ 331% |
| Recurring financial income75 | €3 | - | - | - | - | - |
| Financial charges65/66B | - | €1k | €1k | €3k | €4k | ▲ 9.1% |
| Recurring financial charges65 | €1k | €1k | €1k | €3k | €4k | ▲ 9.1% |
| Profit (loss) for the period before taxes9903 | €2k | €-8k | €5k | €-9k | €10k | ▲ 208% |
| Income taxes67/77 | €333 | €213 | €439 | €254 | €6k | ▲ 2,186% |
| Profit (loss) for the period9904 | €1k | €-8k | €4k | €-10k | €4k | ▲ 144% |
| Profit (loss) for the period to be appropriated9905 | €1k | €-8k | €4k | €-10k | €4k | ▲ 144% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62k | €86k | €78k | €111k | €108k | ▼ 2.6% |
| Fixed assets21/28 | €17k | €47k | €39k | €74k | €55k | ▼ 25.7% |
| Tangible fixed assets22/27 | €17k | €47k | €39k | €74k | €55k | ▼ 26.4% |
| Furniture and vehicles24 | - | €27k | €19k | €56k | €39k | ▼ 30.9% |
| Other tangible fixed assets26 | - | €20k | €20k | €18k | €16k | ▼ 12.7% |
| Financial fixed assets28 | €500 | - | - | - | €500 | - |
| Current assets29/58 | €44k | €39k | €39k | €37k | €53k | ▲ 43.9% |
| Amounts receivable within one year40/41 | €43k | €35k | €36k | €37k | €40k | ▲ 8.8% |
| Trade receivables40 | - | €15k | €25k | €27k | €27k | ▲ 0.2% |
| Other amounts receivable41 | - | €20k | €11k | €9k | €12k | ▲ 33.7% |
| Cash at bank and in hand54/58 | €10 | €4k | €3k | - | €13k | - |
| Deferred charges and accrued income490/1 | - | €265 | - | €326 | €694 | ▲ 113% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62k | €86k | €78k | €111k | €108k | ▼ 2.6% |
| Equity10/15 | €47k | €39k | €43k | €34k | €38k | ▲ 12.7% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €17k | €17k | €21k | €21k | €26k | ▲ 19.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | - | €11k | €15k | €15k | €19k | ▲ 28.1% |
| Profit (loss) carried forward14 | €24k | €16k | €16k | €6k | €6k | = |
| Amounts payable17/49 | €15k | €48k | €35k | €77k | €70k | ▼ 9.2% |
| Amounts payable after more than one year17 | - | €22k | €16k | €44k | €24k | ▼ 46.4% |
| Financial debts170/4 | - | €22k | €16k | €44k | €24k | ▼ 46.4% |
| Amounts payable within one year42/48 | €15k | €25k | €19k | €33k | €47k | ▲ 39.5% |
| Current portion of amounts payable after more than one year42 | - | €6k | €6k | €20k | €20k | ▲ 4.5% |
| Financial debts43 | - | €1k | €1k | €4k | - | - |
| Credit institutions430/8 | - | €1k | €1k | €4k | - | - |
| Trade debts44 | €4k | €14k | €3k | €3k | €14k | ▲ 291% |
| Suppliers440/4 | - | €14k | €3k | €3k | €14k | ▲ 291% |
| Taxes, remuneration and social security45 | - | €4k | €9k | €7k | €12k | ▲ 86.2% |
| Taxes450/3 | - | €4k | €9k | €7k | €12k | ▲ 86.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €89 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €-8k | €4k | €-10k | €4k | ▲ 144% |
| + Depreciation and write-downs630 | €7k | €9k | €14k | €22k | €21k | ▼ 4.9% |
| Operating cash flow (approximation) | €9k | €2k | €18k | €13k | €25k | ▲ 100.0% |
| Investment in fixed assets (approximation) | - | €-39k | €-6k | €-58k | €-2k | ▲ 96.3% |
| Change in cash | - | €4k | €-800 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 53 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Braine-le-Château · 1 establishment unit since 2009
Ground area
7,919 m²
Building footprint
207 m²
Volume, LiDAR
1,180 m³
2 parcels, Brussels, Wallonia · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Engelandstraat 437, 1180 Ukkel
since 20092.175.547.771
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25015C0226/00A000 | Wallonia | 7,787 m² | 1 · 155 m² | 10.4 m · 2 fl. |
| 21614F0238/00F004 | Brussels | 132 m² | 1 · 52 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TAKE
BE 0807.085.827
Wichelen · Eq €37,417
CHAMBRE NOIRE
BE 0747.707.177
Mons · Eq €38,249
ACARA STUDIO
BE 1008.040.529
Sint-Gillis (bij-Brussel) · Eq €36,932
JUGAAD
BE 0754.542.412
Schaarbeek · Eq €36,741
Mandarine
BE 0787.345.733
Sint-Pieters-Woluwe · Eq €36,480
Of 1,058 companies in sector 59120 we hold annual accounts for 450. 365 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
59120Post-production of films, video and television programmes
59130Motion picture, video and television programme production, sound recording and music publishing activities
90393Specialised image, lighting and sound technical services
Scores and ratios are computed by Checked and are not a credit decision.