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Complete company report
Generated 30-08-2026
Active BE 0458.540.774Non-profit associationOpen bankruptcy

JAZZ EN MUZIEK

Sint-Jacobsnieuwstraat 50 ·9000 Gent, Belgium· 30 yrs active
Sector: Detailhandel in dranken, algemeen assortiment (47252)
Conclusion Checked

A bankruptcy procedure is open for JAZZ EN MUZIEK according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-1.66M) and a net result of €-1.31M.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-1.66M
Net result €-1.31M
Staff (FTE) 6.8
Active 30 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability100Solvency66Growth32Stability0
40 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 66
Growth 32
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2020 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 27-04-2022 with the NBB · fiscal year 2021 · verkort
€-1.50M€-1.00M€-500k€0Operating result 2018: €-308k€-308kNet result 2018: €-509k€-509kOperating result 2019: €-22k€-22kNet result 2019: €-1.19M€-1.19MOperating result 2020: €-58k€-58kNet result 2020: €-1.31M€-1.31M201820192020
Operating resultNet result
EBITDA
€-40k
- 18-20
Net profit
€-1.31M
-10.5% 18-20
Cash flow
€-1.29M
-11.6% 18-20
Total assets
€1.23M
+53.1% 18-20
Equity
€-1.66M
-8.1% 18-20
Working capital
€587k
- 18-20
Employees (FTE)
7
-15.0% 18-20
Income taxes
€407
- 18-20
Show 9 other metrics
Debt
€2.89M
+23.5% 18-20
Debt ≤ 1y
€607k
-56.4% 18-20
Debt > 1y
€1.15M
+21.0% 18-20
Current ratio
1.97
+284.0% 18-20
Quick ratio
1.97
+284.0% 18-20
Solvency
-135.3%
+29.4% 18-20
Debt / equity
-0.69
-11.9% 18-20
ROE
78.8%
+2.2% 18-20
ROA
-106.7%
+27.8% 18-20
Figures by fiscal year
Fiscal year2020
Depositverkort
Revenue-
EBITDA€-40k
Net profit€-1.31M
Cash flow€-1.29M
Staff costs-
Income taxes€407
Dividends-
Total assets€1.23M
Equity€-1.66M
Debt€2.89M
of which ≤ 1y€607k
of which > 1y€1.15M
Working capital€587k
Employees (FTE)6.8
Ratios (computed)
2020
Current ratio1.97
Quick ratio1.97
Working capital ratio47.7%
Solvency-135.3%
Debt / equity-0.69
Long-term debt ratio-0.69
Interest coverage-
Gross margin-
Net margin-
ROA-106.7%
ROE78.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€1.23M
Fixed assets 21/28€35k
Intangible fixed assets 21€11k
Tangible fixed assets 22/27€17k
Financial fixed assets 28€7k
Current assets 29/58€1.19M
Amounts receivable within one year 40/41€517k
Cash & bank 54/58€162k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.23M
Equity 10/15€-1.66M
Accumulated profits (losses) 14€-1.31M
Amounts payable 17/49€2.89M
Amounts payable after one year 17€1.15M
Amounts payable within one year 42/48€607k
Trade debts payable within one year 44€335k
Income statement
Gross operating margin 9900€443k
Operating result 9901€-58k
Financial income 75€19
Financial charges 65€66k
Result before taxes 9903€-124k
Income taxes 67/77€407
Net result for the period 9904€-124k
Result to be appropriated 9905€-124k
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 6 directors
Directors derived from a single State Gazette act, under verification
All 4 current directors first appear in the same act (22043982). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Diederik Vernimmen
    Director
    State Gazette act 22043982 (05-04-2022)
    Current
    10-03-2022 → present
  • Joris Raport
    Director
    State Gazette act 22043982 (05-04-2022)
    Current
    10-03-2022 → present
  • Pol Walraet
    Director
    State Gazette act 22043982 (05-04-2022)
    Current
    10-03-2022 → present
  • Tessa Kerre
    Director
    State Gazette act 22043982 (05-04-2022)
    Current
    10-03-2022 → present
Former directors (2)
  • Lucien De Busscher
    Director
    State Gazette act 22090324 (27-07-2022)
    Former
    - → 16-05-2022
  • Bertrand Flamang
    Director
    State Gazette act 22043982 (05-04-2022)
    Former
    - → 10-03-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator MATTHIAS GESQUIERE
MAALTEMEERS 84, 9051 1 GENT (SINT-DENIJS-WESTREM)
 29-11-2022 → present Belgian State Gazette
Legal Structure
NACE primary Detailhandel in dranken, algemeen assortiment(47252)
Legal form Non-profit association(017)
Incorporation22-08-1996
StatusActive
Postal code9000
First insolvency signal 06-12-2022
Latest insolvency signal 06-12-2022
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44802B1303/00L000
ProtectedMonumentHerenhuis Hotel SnoeckSource ↗
 Flanders 552 m² 1 · 344 m² -
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022
06-12-2022
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · JAZZ EN MUZIEK VZW SINT- JACOBSNIEUWSTRAAT 50, 9000 GENT · event 29-11-2022
27-07-2022
State Gazette act Director changes
27-04-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
05-04-2022
State Gazette act Director changes
2021
28-04-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
28-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
12-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
19-10-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
31-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
29-11-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
23-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2014
22-05-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
2013
14-06-2013
NBB filing Annual accounts filed
fiscal year 2012 · verkort
Lifecycle & Insolvency Signals1 events
06-12-2022
Bankruptcy Opening
Date: 29-11-2022 · Ondernemingsrechtbank Gent, afdeling Gent · JAZZ EN MUZIEK VZW SINT- JACOBSNIEUWSTRAAT 50, 9000 GENT · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-12-06 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 12 acts read

We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 4 years ago
2022
27-07-2022 1 director appointed, 1 resigning Director changes
  • Mr. Charles Claeys, Dagelijks bestuur
  • Lucien De Busscher, Bestuurder
Technical details 
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      "kind": "director_out",
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      "reason": "end_of_term",
      "subkind": null,
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      "statutory": null,
      "compensated": null,
      "effective_date": "2022-05-16",
      "evidence_quote": "De leden hebben kennis genomen van het ontslag van de heer Lucien De Busscher met ingang van 16 mei 2022 en verlenen Lucien De Busscher kwijting voor het boekjaar 2021.",
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      "evidence_quote": "De leden hebben kennis genomen van het ontslag van de heer Lucien De Busscher met ingang van 16 mei 2022 en verlenen Lucien De Busscher kwijting voor het boekjaar 2021.",
      "decharge_status": "granted",
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    {
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      },
      "reason": null,
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      "evidence_quote": "De leden beslissen om een bijzondere volmacht toe te kennen aan de hiema volgende personen om ieder afzonderlijk handelend en met de mogelijkheid tot indeplaatssteliing, al het nodige te doen om de besluiten van de leden vermeld in hoger beschreven paragrafen van deze schriftelijke notulen openbaar ",
      "decharge_status": null,
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      "rep_rotation_new_rep": null,
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  ],
  "notary": {
    "name": null,
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    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2022-07-27",
    "filing_date": "2022-07-15",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2022-06-06",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0458.540.774",
    "name_full": "JAZZ EN MUZIEK",
    "legal_form": "VZW"
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  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
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  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
05-04-2022 6 directors appointed, 1 resigning Director changes
  • Diederik Vernimmen, Bestuurder
  • Tessa Kerre, Bestuurder
  • Pol Walraet, Bestuurder
  • Joris Raport, Bestuurder
  • Charles Claeys, Gedelegeerd bestuurder
  • Charles Claeys, Gedelegeerd bestuurder
  • Bertrand Flamang, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Bertrand Flamang",
        "address": null,
        "birth_date": null,
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        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-03-10",
      "evidence_quote": "De aandeelhouders nemen kennis van het ontslag van bestuurder Bertrand Flamang met ingang van 10 maart 2022.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
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    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Diederik Vernimmen",
        "address": "Rozier 18",
        "birth_date": null,
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        "birth_place": "2000 Antwerpen"
      },
      "reason": null,
      "subkind": null,
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      "compensated": null,
      "effective_date": "2022-03-10",
      "evidence_quote": "De aandeelhouders beslissen om de hierna vernelde personen te benoemen als bestuurders van de Vereniging met ingang van 10 maart 2022 voor een periode van drie jaar:",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "3"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
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    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Tessa Kerre",
        "address": "Albertlaan 145",
        "birth_date": null,
        "profession": null,
        "birth_place": "9000 Gent"
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-03-10",
      "evidence_quote": "De aandeelhouders beslissen om de hierna vernelde personen te benoemen als bestuurders van de Vereniging met ingang van 10 maart 2022 voor een periode van drie jaar:",
      "decharge_status": null,
      "mandate_duration": {
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      "rep_rotation_new_rep": null,
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    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Pol Walraet",
        "address": "Koning Soldaatlaan 14",
        "birth_date": null,
        "profession": null,
        "birth_place": "1070 Anderlecht"
      },
      "reason": null,
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      "compensated": null,
      "effective_date": "2022-03-10",
      "evidence_quote": "De aandeelhouders beslissen om de hierna vernelde personen te benoemen als bestuurders van de Vereniging met ingang van 10 maart 2022 voor een periode van drie jaar:",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "3"
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      "rep_rotation_new_rep": null,
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    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Joris Raport",
        "address": "Fosselstraat 64",
        "birth_date": null,
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        "birth_place": "1790 Affligem"
      },
      "reason": null,
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      "evidence_quote": "De aandeelhouders beslissen om de hierna vernelde personen te benoemen als bestuurders van de Vereniging met ingang van 10 maart 2022 voor een periode van drie jaar:",
      "decharge_status": null,
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    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
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        "name": "Charles Claeys",
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  "notary": {
    "name": null,
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    "office_city": "Luik",
    "is_associated": false
  },
  "act_meta": {
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  },
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}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Detailhandel in dranken, algemeen assortiment47252Detailhandel in alcoholische en andere dranken52250Overige detailhandel in nieuwe artikelen neg47789Overige gespecialiseerde detailhandel in artikelen, andere dan voedingsmiddelen, n.e.g.52498
Primary activity highlighted.
Names & trade names
Legal nameNL JAZZ EN MUZIEK
Registered office
Sint-Jacobsnieuwstraat 50
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative