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 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).

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CHAPELLE MUSICALEActiveChecked score 88/100

Risk analysis Report Compare

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

Company details

Who decides

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

Board & ownership

How it is doing

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 66 days early

Filed on 26-05-2026PDF

Financials

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

Loss of €704,352, the second in a row (financial year 2025)

NBB · annual accounts

Liquidity: current ratio 4.09, cash €55,260

NBB · annual accounts

Founded in 1985

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Equity €10.5m (90.7% of total assets)

NBB · annual accounts

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

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)

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

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

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 · 13 in office 1 left View
Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

Documents

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?: ≈ €130,000 in financial year 2025. Estimated from the gross margin of €44,665: probably between €74,000 and €200,000, based on 35 comparable companies, NACE 90.
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?: By 31-07-2027, for financial year 2026.Timeline

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Overview

Official details

Who decides

How it is doing

Checked score

Signals

Key points

Documents

Annual accounts at the NBB

Acts in the Belgian Official Gazette

Articles and registers

Key facts about CHAPELLE MUSICALE

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