DEGREES MUSIC

Active

Private limited companyfounded 20205 yrs activeAlexandre Markelbachstraat 15, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0759.427.846

The computed 12-month bankruptcy probability of DEGREES MUSIC is 3.2% (moderate). The 2024 annual accounts show negative equity (€-2k) and a net result of €-637. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2464 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

37 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability45▲+45

Solvency0=

Growth22=

Track record94

Bankruptcy probability, 12 months

3.2% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

balance sheet total too small for a liquidity verdict, and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 2024

Age of the figures

21 mo

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 90

Relative position

BE, all sectors

reference

Sector 90

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

21222324

2021 to 2024 · latest year €-2k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-12-2025, 136 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

136 d late

2023

246 d late

2022

123 d late

2021

147 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€1k▲ 59.5%

2023 · €758

2022: €31k 2023: €758

2022 → 2024

EBIT margin

-40.8%▲ 221.8pp

2023 · -262.5%

2022: -30.2% 2023: -262.5%

2022 → 2024

Net result

€-637▲ 76.8%

2023 · €-3k

2021: €22k 2022: €-10k 2023: €-3k

2021 → 2024

Working capital

€-2k▲ 7.0%

2023 · €-2k

2021: €12k 2022: €-211 2023: €-2k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Turnover€31k€758▼ 97.6%€1k▲ 59.5%

Equity€12k-€1k▼ 88.5%€-1k€-2k▼ 46.1%

Operating result€27k-€-9k€-2k▲ 79.0%€-493▲ 75.2%

Net result€22k-€-10k€-3k▲ 72.5%€-637▲ 76.8%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €493 in 2024 against €2k in 2023; the loss shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€297▲

2023 · €-1k

Cash flow

€152▲

2023 · €-2k

Interest coverage

2.05▲

2023 · -5.49

Debt

€2k▼

2023 · €2k

Debt ≤ 1 year

€2k▼

2023 · €2k

Ratios withheld: a balance sheet total of €54 is too small for a meaningful ratio.

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€801€54▼

Fixed assets21/28€790€0▼

Tangible fixed assets22/27€790€0▼

Plant, machinery and equipment23-€0

Furniture and vehicles24€790€0▼

Current assets29/58€11€54▲

Amounts receivable within one year40/41€0-

Trade receivables40€0-

Cash at bank and in hand54/58€11€54▲

Equity and liabilities

Total equity and liabilities10/49€801€54▼

Equity10/15€-1k€-2k▼

Contributions10/11€10k€10k=

Capital10€10k€10k=

Issued capital100€10k€10k=

Profit (loss) carried forward14€-11k€-12k▼

Amounts payable17/49€2k€2k▼

Amounts payable within one year42/48€2k€2k▼

Taxes, remuneration and social security45€0€584▲

Taxes450/3€0€584▲

Other amounts payable47/48€2k€1k▼

Income statement Code20232024

Turnover70€758€1k▲

Goods, raw materials, services and sundry goods60/61€2k€128▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€790€790=

Other operating charges640/8-€785

Gross operating margin9900€-1k€1k▲

Operating profit (loss)9901€-2k€-493▲

Financial charges65/66B€759€144▼

Recurring financial charges65€219€144▼

Non-recurring financial charges66B€540€0▼

Profit (loss) for the period before taxes9903€-3k€-637▲

Profit (loss) for the period9904€-3k€-637▲

Profit (loss) for the period to be appropriated9905€-3k€-637▲

Appropriation of the result

Profit (loss) to be appropriated9906€-11k€-12k▼

Profit (loss) brought forward from the previous period14P€-9k€-11k▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 1Filings 5

2025

14-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 136 days late

03-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 246 days late

2024

01-12

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 123 days late

2023

01-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 123 days late

2022

31-12

Financial Weakest financial yearnet €-10k ▼146%

Net result drops to €-10k, the lowest in the series; recovery starts the following year.

25-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 147 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Schaarbeek · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Alexandre Markelbachstraat 151030 Schaarbeek

Ground area

194 m²

Building footprint

103 m²

Volume, LiDAR

976 m³

Parcel 21906D0045/00F003, Brussels · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

DEGREES MUSIC

Alexandre Markelbachstraat 15, 1030 SchaarbeekArts creation and performing arts activities

since 20202.311.182.277

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21906D0045/00F003	Brussels	194 m²	1 · 103 m²	13.9 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel 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

Nazareth-De Pinte · Eq €2k

Of 6,657 companies in sector 90111 we hold annual accounts for 383. 98 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-12-2020

Fiscal year end31-12

Activities, NACEBEL

90031Arts creation and performing arts activities

90111Literary creation

59201Sound recording

59202Motion picture, video and television programme production, sound recording and music publishing activities

59203Motion picture, video and television programme production, sound recording and music publishing activities

59209Motion picture, video and television programme production, sound recording and music publishing activities

60100Programming, broadcasting, news agency and other content distribution activities

60200Programming, broadcasting, news agency and other content distribution activities

82990Other business support services

90201Performing arts by independent artists

90393Specialised image, lighting and sound technical services

90032Arts creation and performing arts activities

90120Visual arts creation

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.