KCM StageMusic
ActiveKCM StageMusic has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €445k and a net result of €12k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 93% of 1987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+3
Solvency100=
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 34.54 against 7.47 in 2024; short-term debt: 0.8% and cash: 24.5% of total assets), and 6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94%
Return on assets
2.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
8 d late
2023
26 d late
2022
28 d late
2021
25 d late
2020
16 d late
2019
17 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€445k▲ 2.9%
2024 · €433k
2018: €439k
2019: €421k
2020: €406k
2021: €387k
2022: €434k
2023: €432k
2024: €433k
2018 → 2025
Total assets
€474k▼ 0.3%
2024 · €475k
2018: €644k
2019: €569k
2020: €536k
2021: €508k
2022: €563k
2023: €497k
2024: €475k
2018 → 2025
Net result
€12k▲ 784%
2024 · €1k
2018: €15k
2019: €-18k
2020: €-15k
2021: €-19k
2022: €47k
2023: €-2k
2024: €1k
2018 → 2025
Working capital
€128k▲ 47.6%
2024 · €87k
2018: €29k
2019: €25k
2020: €40k
2021: €34k
2022: €50k
2023: €67k
2024: €87k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€387k-€434k▲ 12.1%€432k▼ 0.5%€433k▲ 0.3%€445k▲ 2.9%
Operating result€-23k-€67k€4k▼ 93.5%€7k▲ 66.9%€21k▲ 196%
Net result€-19k-€47k€-2k€1k€12k▲ 784%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 196% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474k
Fixed assets
€342k▼ 8.9%
Current assets
€132k▲ 31.7%
Equity and liabilities €474k
Equity
€445k▲ 2.9%
Provisions
€25k▼ 13.1%
Debt
€4k▼ 73.1%
The debt ratio falls from 3.0% to 0.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▲
2024 · €35k
Cash flow
€32k▲
2024 · €29k
Solvency
94.0%▲
2024 · 91.1%
Current ratio
34.54▲
2024 · 7.47
Quick ratio
34.54▲
2024 · 7.47
Debt / equity
0.01▼
2024 · 0.03
ROE
2.8%▲
2024 · 0.3%
ROA
2.6%▲
2024 · 0.3%
Interest coverage
277.44▲
2024 · 26.15
Debt
€4k▼
2024 · €14k
Debt ≤ 1 year
€4k▼
2024 · €13k
Income taxes
€13k▲
2024 · €8k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€475k€474k▼
Fixed assets21/28€375k€342k▼
Tangible fixed assets22/27€375k€342k▼
Land and buildings22€114k€107k▼
Plant, machinery and equipment23€57k€54k▼
Furniture and vehicles24€24k€7k▼
Other tangible fixed assets26€181k€175k▼
Current assets29/58€100k€132k▲
Amounts receivable within one year40/41€2k€16k▲
Trade receivables40-€8k
Other amounts receivable41€2k€8k▲
Cash at bank and in hand54/58€98k€116k▲
Equity and liabilities
Total equity and liabilities10/49€475k€474k▼
Equity10/15€433k€445k▲
Contributions10/11€19k€19k=
Reserves13€414k€426k▲
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€9k=
Tax-exempt reserves132€67k€58k▼
Distributable reserves133€337k€358k▲
Profit (loss) carried forward14€640€647▲
Provisions and deferred taxes16€28k€25k▼
Deferred taxes168€28k€25k▼
Amounts payable17/49€14k€4k▼
Amounts payable within one year42/48€13k€4k▼
Trade debts44€196€518▲
Suppliers440/4€196€518▲
Taxes, remuneration and social security45€847€327▼
Taxes450/3€847€327▼
Other amounts payable47/48€12k€3k▼
Accrued charges and deferred income492/3€790-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€20k▼
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€896
Gross operating margin9900€37k€45k▲
Operating profit (loss)9901€7k€21k▲
Financial income75/76B€89€515▲
Recurring financial income75€89€515▲
Financial charges65/66B€2k€149▼
Recurring financial charges65€1k€149▼
Non-recurring financial charges66B€337-
Profit (loss) for the period before taxes9903€6k€22k▲
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€8k€13k▲
Profit (loss) for the period9904€1k€12k▲
Transfer from tax-exempt reserves789€9k€9k=
Profit (loss) for the period to be appropriated9905€10k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€22k▲
Profit (loss) brought forward from the previous period14P€462€640▲
Transfer to equity691/2€10k€21k▲
To other reserves6921€10k€21k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Liquidity times 5current ratio 34.54
Current ratio from 7.47 to 34.54; short-term debt falls from €13k to €4k.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 7.47
Current ratio from 3.12 to 7.47; short-term debt falls from €32k to €13k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 3.12
Current ratio from 1.53 to 3.12; short-term debt falls from €94k to €32k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €47k
Net result €47k after 3 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, De Haan · 1 establishment unit since 1991
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.
Nieuwstraat 38420 De HaanGround area
254 m²
Building footprint
240 m²
Volume, LiDAR
2,701 m³
Parcel 35007A0020/00K002, Flanders · tallest building 12.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KCM STAGEMUSIC BVBA
since 19912.051.035.504
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007A0020/00K002 | Flanders | 253 m² | 1 · 239 m² | 12.2 m · 4 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
DE SPEELMAN
BE 0899.353.811
Antwerpen · Eq €448k
DE COCK MONSIEUR
BE 0860.206.094
Dilbeek · Eq €440k
SILENRO
BE 0458.334.797
Lochristi · Eq €452k
Bruce Control
BE 0864.934.350
Geel · Eq €439k
HEIN DE WAELE
BE 0835.116.946
Meise · Eq €452k
Of 8,303 companies in sector 90201 we hold annual accounts for 602. 350 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-1990
Fiscal year end31-12
Activities, NACEBEL
90201Performing arts by independent artists
92311
47610Retail trade
55301
56101Full-service restaurants
56111Full-service restaurants
60100Programming, broadcasting, news agency and other content distribution activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.