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CHAPELLE MUSICALE

Active
Public limited companyfounded 1985active for 41 yearsChaussée de Tervuren 445, 1410 Waterloo, BelgiumKBO/BCE: BE 0427.107.331

From the official registers: KBO 41 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

CHAPELLE MUSICALE has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.5m and a net result of -€704,352. Equity has been stable since 2018 (±1% per year). Its solvency ranks better than 93% of 298 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

KBO
Status
Active since 08-03-1985 Normal situation
Legal form
Public limited company
Registered office
Chaussée de Tervuren 445, 1410 Waterloo
Activity
Performing arts by independent artists NACE 90201and 1 other
Establishment unit
2.027.090.261 1410 Waterloo, since 08-03-1985
Financial year end
31 December
Peppol
Reachable since 03-10-2025

Board and ownership

Board
  • Yvan de LAUNOITChair
  • Boon-Falleur BernardDirector · since 19-01-2009
  • Dujardin PaulDirector · since 19-01-2009
  • Boucher PierreDirector · since 18-06-2012
and 9 other directors
Auditor
RSM INTERAUDIT

Financial position

88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€44,665
▼ 21.3%
Turnover
≈ €130,000
estimated
Loss
€704,352
▲ 3.4%
Equity
€10.5m
▼ 6.4%
Total assets
€11.6m
▼ 5.4%
Staff
5.6 FTE
▲ 86.7%
2025 accounts filed 66 days before the deadline
Filed on 26-05-2026PDF
Score breakdownraises riskLoss of €704,352, the second in a row (financial year 2025)Liquidity: current ratio 4.09, cash €55,260lowers riskFounded in 1985Equity €10.5m (90.7% of total assets)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 45% of micro companies in creative and performing arts (NACE 90)
Financial strength · tick: 2024
Average
Solvency 100=
equity 90.7% of total assets
Liquidity 51+1
short-term debt 5.7% · cash 0.5%
Profitability 11-1
return on assets -6.1%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,430 companies, NACE 90, micro)
Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.2%● unchanged vs 11-2024lowest value 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026highest value 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €900,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.09 (4.9 in 2024), above the usual 1.5. Short-term debt is 5.7% and cash 0.5% of total assets. 9.3% of the assets are financed with debt and provisions.
Calculation

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 88% of them on solvency, 39% on liquidity, 19% on profitability and 35% on growth.

The bankruptcy probability was computed on 31-10-2026 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. 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).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €704,352, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 4.09, cash €55,260
NBB · annual accounts
lowers risk · Founded in 1985
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €10.5m (90.7% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€704,352
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
66 days early
2024
16 days early
2023
33 days early
2022
19 days early
2021
38 days early
2020
9 days late
2019
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 4 days before the deadline, and 38% 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 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 8 loss-making years in a rowloss in financial year 2025 -€704,352 View
  • Caution: Lower net result than 95% of companies in creative and performing artssector median €19,823 · 298 companies -€704,352 View
  • A director leftlatest change 26-05-2026 · 13 in office 1 left View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

Documents

Annual accounts at the NBB

All 41 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about CHAPELLE MUSICALE

What is the company number of CHAPELLE MUSICALE?
The company number of CHAPELLE MUSICALE is 0427.107.331. The VAT number is the same number with BE in front: BE 0427.107.331.
Where is CHAPELLE MUSICALE based?
The registered office is at Chaussée de Tervuren 445, 1410 Waterloo.Company details
What does CHAPELLE MUSICALE do?
According to the KBO register, the main activity is performing arts by independent artists (NACE 90201).
What is the legal form of CHAPELLE MUSICALE?
The legal form of CHAPELLE MUSICALE is Public limited company (NV).
When was CHAPELLE MUSICALE founded?
CHAPELLE MUSICALE was founded on 08-03-1985.
Is CHAPELLE MUSICALE still active?
Yes, CHAPELLE MUSICALE is an active enterprise in the KBO register.
How many employees does CHAPELLE MUSICALE have?
CHAPELLE MUSICALE had an average of 5.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CHAPELLE MUSICALE?
The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €44,665 and 35 comparable companies (NACE 90). It probably lies between €74,000 and €200,000.
Is CHAPELLE MUSICALE profitable?
In financial year 2025, CHAPELLE MUSICALE made a loss of €704,352.
Where can I find the annual accounts of CHAPELLE MUSICALE?
CHAPELLE MUSICALE filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of CHAPELLE MUSICALE due?
CHAPELLE MUSICALE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as CHAPELLE MUSICALE: performing arts by independent artists (NACE 90201). They are comparable in size and age: total assets between €3.6m and €12m, founded between 1988 and 2009.

CompanyTotal assetsGross margin
CHAPELLE MUSICALE Waterloo€11.6m€0.04m
PUT THE BLAME ON ME Boechout€5.2m€0.02m
AMÉLIE Antwerpen€8.2m€0.4m
EVEN MORE La Hulpe€3.6m€0.2m
BUGGENHOUT - DE BRUYCKERE Gent€4.5m€0.3m
G.H.I. Antwerpen€12.2m€0.6m
QUIET PLEASE Oud-Heverlee€3.9m€0.3m
Full comparison

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