Equity
-€192,334
Debts exceed assets in financial year 2025.
Clown-Music
Lifetime
20 annual accounts with figures on one time axis, 47 filings since 1977Gross marginpeak €30,080 (2021)
€16,287▲ €113,377
Resultlowest -€143,493 (2024)
€16,147▲ €159,639
Equitypeak €21,590 (2007)
-€192,334▲ €16,147
Debts
€248,366▼ 18.0%
Board3 names since 2021
2 directorsBeheersmaatschappij Johnny Hoes BV and 1 other
Documentsfilings and deeds
22-06-202639 days before the deadline
2025financial year
Gross margin from -€97,090 to €16,287Back to profit: €16,147Debts from €302,960 to €248,366Cash from €8,536 to €49,278
Key points
from the 2025 annual accountsResult
€16,147 €16,147
Back in profit in 2025, after a loss of €143,493 in 2024.
Debts
€248,366 443% of the balance sheet
Filings
47 annual accounts since 1977
Seven of the last ten came late. The 2019 accounts came latest: 70 days after the end of the period.
Board
2 left
Directors left. Latest change 17-06-2026 · 1 in office.
Position in the sector
-343.3%
Lower solvency than 95% of companies in creative and performing arts. Sector median 46.9% · 297 companies.
Checked score
55
Fair
Financially stronger than 48% of micro companies in creative and performing arts (NACE 90)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,429 companies (NACE 90, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.5 percentage points vs 06-2025highest value
08-2025: 0.8%● unchanged vs 07-2025highest value
09-2025: 0.8%● unchanged vs 08-2025highest value
10-2025: 0.8%● unchanged vs 09-2025highest value
11-2025: 0.8%● unchanged vs 10-2025highest value
12-2025: 0.8%● unchanged vs 11-2025highest value
01-2026: 0.8%● unchanged vs 12-2025highest value
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.7%▼ -0.1 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.1%▼ -0.6 percentage points vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€192,334
lowers risk
Size: total assets €56,033
Sector: Arts creation and performing arts activities (NACE 90)
Liquidity: current ratio 0.23, cash €49,278
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 6% of them on solvency, 36% on liquidity, 91% on profitability and 58% on growth.
The bankruptcy probability was computed on 05-11-2026 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).
Comparable companies, two years later
In July 2024, 3,794 companies had the same profile as Clown-Music has now. Each dot stands for 10 companies, two years later.
91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Clown-Music itself is lower: 0.1% within 12 months. It rests on far more data about Clown-Music than the profile alone.
Test of the method
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 3,794 companies, not a prediction for Clown-Music. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.23 (0.31 in 2024), below 1. Short-term debt is 443.3% and cash 87.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 297 sector peers (2025).
NBB · sector comparisonPosition among 297 sector peers
Solvency
better than 5%
← weakest
strongest →
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
49 days early
2023
42 days late
2022
63 days late
2021
30 days late
2020
31 days late
2019
70 days late
← 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 21 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.
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 30 August (4 of the last 5 accounts filed within 69 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
1 director appointed, 1 resignation
Resignation: Beheersmaatschappij Johnny Hoes B.V. (managing director) · Permanent representatives: Johnny Hoes and Hein van der Ree · Appointment: PMF 2 Holding B.V. · General meeting of 12-08-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0414046973
2 directors appointed, 2 resignations
Resignations: BEHEERSMAATSCHAPPIJ JOHNNY HOES B.V. (sole director) and HOES Johnny Jack Coen Armand (director) · Appointments: BEHEERSMAATSCHAPPIJ JOHNNY HOES B.V. (sole director) and HOES Johnny Jack Coen Armand (director) · Permanent representative: HOES Johnny Jack Coen Armand · General meeting of 22-12-2023 · Gazette deed
Reappointment: Hoes Johnny (managing director)
Permanent representative: Hoes Johnny · General meeting of 17-11-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Clown-Music Maaseik | €56,033 | €16,287 | -343.3% | - |
| SAM Hannut | €55,978 | €26,169 | 72.0% | - |
| ALGEMENE ONDERNEMINGEN HOME SERVICE Westerlo | €57,298 | €23,645 | 60.3% | - |
| S.L.T. Seraing | €58,485 | €13,416 | 43.6% | - |
| DECIBEL Waterloo | €85,817 | €11,466 | 36.7% | - |
| LE SOLEIL LEVAIN Nivelles | €52,916 | €34,201 | 21.4% | - |
| SEVENTY SEVEN PRODUCTIONS Brussels | €46,527 | €23,526 | -27.5% | - |
These companies have the same main activity as Clown-Music: specialised image, lighting and sound technical services (NACE 90393). They are comparable in size and age: total assets between €46,500 and €85,800, founded between 1986 and 1995.
Official details
Source: KBO- Status
- Active since 18-03-1974Normal situation
- Activity
- Specialised image, lighting and sound technical servicesNACE 90393
- Establishment unit
- 2.039.407.3803680 Maaseik, since 01-04-1975
- Financial year end
- 31 December
- Peppol
- Reachable since 23-04-2026
Annual accounts 2025
- Turnover
- ≈ €93,000estimated
- Total assets
- €56,033▼ 40.7%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on Clown-Music
Solvency fell in 2025 from -220.7% to -343.3%.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Clown-Music
- What is the company number of Clown-Music?
- The company number of Clown-Music is 0414.046.973. The VAT number is the same number with BE in front: BE 0414.046.973.
- Where is Clown-Music based?
- The registered office is at Weertersteenweg 188, 3680 Maaseik.Company details
- What does Clown-Music do?
- According to the KBO register, the main activity is specialised image, lighting and sound technical services (NACE 90393).
- What is the legal form of Clown-Music?
- Clown-Music is a public limited company (NV).
- When was Clown-Music founded?
- Clown-Music was founded on 18-03-1974.
- Is Clown-Music still active?
- Yes, Clown-Music is an active enterprise in the KBO register.
- What is the turnover of Clown-Music?
- The turnover in financial year 2025 is ≈ €93,000. This figure is estimated from the gross margin of €16,287 and 50 comparable companies (NACE 903). It probably lies between €47,000 and €200,000. It is a rough estimate.Financials
- Is Clown-Music profitable?
- In financial year 2025, Clown-Music made a profit of €16,147.
- Where can I find the annual accounts of Clown-Music?
- Clown-Music filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Clown-Music due?
- Clown-Music must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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