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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
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 remains stable across the filed financial years (±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).

Risk analysisFollow ReportCompare
CHAPELLE MUSICALEActiveChecked score 88/100
Risk analysis ReportCompare

Overview

Activity
Performing arts by independent artists
NACE 90201Renting and operating of own or leased residential real estate, excluding social housing NACE 68201
Largest company by total assets in Waterloo, Arts, sports and recreation sector1 site
Size
≈ €130,000turnover 2025, estimated
Staff
5.6 FTE
Equity
€10.5m
Loss
-€704,352
Turnover estimated from the gross margin
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Board
10 members
Auditor: RSM INTERAUDIT2025 accounts 66 days early8 of 15 deeds summarised
Why 88raises 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 better than 45% of its sector peers (NACE 90, micro)
Every signal that counts is listed under Signals.
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, 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 ample (current ratio 4.09, compared with 4.9 in 2024, above the usual 1.5; short-term debt: 5.7% and cash: 0.5% of total assets), and 9.3% of the assets are financed with debt and provisions.
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 90, micro): better than 88% 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. 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
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 its 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

This company filed its last 7 accounts on average 28 days before the deadline; the sector median (NACE 90) for financial year 2024 is 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
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Philippe de BUCK van OVERSTRAETEN…Reappointments: Yvan de LAUNOIT, Fabrice…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Risk: 8 loss-making years in a rowloss financial year 2025 -€704,352 View
  • Caution: Among the weakest 5% on net resultsector median €19,823 · 298 companies -€704,352 View
  • A director leftlatest change 26-05-2026 · 10 in office 1 left View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

By topic

Financials

Financial year
2025
Total assets
€11.6m
Loss
-€704,352
Solvency
90.7%
Total assets▼ 5.4%
Net result
20182025
Go to Financials

Board & ownership

Board
10 members
Auditor
RSM INTERAUDIT
  • Yvan de LAUNOITChair
  • Michei DelbaereDirector
  • Vanessa LippensDirector
  • Frédéric de MARCHANT et d'ANSEMBOURGDirector
  • Jeanine WINDEYDirector

and 5 other directors

Go to Board & ownership

Timeline

Events
53
Since
1986
Next accounts
by 31-07-2027
  1. 17-06-2025Reappointment: Jeanine WINDEY (director)
  2. 31-12-2024Liquidity more than doubled
  3. 27-09-2024Capital & shares
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Performing arts by independent artistsNACE 90201
Founded
08-03-1985
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
22
Who signs
Two directors jointly
Annual meeting
Second Tuesday of May at 10:00
Purpose
“Les activités immobilières qui lui permettent d'augmenter son patrimoine immobilier; Des…” (deed in French)
Go to Articles of association

Key facts about CHAPELLE MUSICALE

What is the company number of CHAPELLE MUSICALE?
0427.107.331. In Belgium the VAT number is the company 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?
Public limited company (NV).
When was CHAPELLE MUSICALE 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?
On average 5.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CHAPELLE MUSICALE?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
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.
When are the next annual accounts of CHAPELLE MUSICALE due?
By 31-07-2027, for financial year 2026.Timeline

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