Financials
- Fiscal year
- 2021
- Turnover
- €16.1m
- Loss
- -€1.6m
- Solvency
- -2.0%
Turnover▼ 9.3%
Net result
20182021
KEY MUSIC
Open bankruptcyA bankruptcy procedure is open for KEY MUSIC according to publications in the Belgian State Gazette; curator: PETER VERCRAEYE.
Summary
The file additionally contains 2 interim measures and 1 judicial reorganisation. The 2021 annual accounts show negative equity (-€135,845) and a net result of -€1.6m.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 28 September 2022
- Supervising judge
- Leen Vandecruys
- Official Gazette
- 05-10-2022 (pdf) ↗search the document for 2022/135144
Deadlines
- Provisional date payments stopped
- 28 September 2022A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 20 October 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 28 October 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 25 November 2022Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 28 September 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Peter VercraeyeBritselei 76, 2000 Antwerpen 1peter.vercraeye@advoteam.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
Embed in an article
Writing about this bankruptcy? Put the card of KEY MUSIC in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Overview
What they do
Retail sale of other cultural and recreation goods
NACE 47690NACE 47594NACE 52450
5 sites
How big
€16.1mturnover 2021
- Staff
- 48.4 FTE
- Equity
- -€135,845
- Loss
- -€1.6m
Financially healthy?
Open bankruptcy: no score
Who decides
- Holdings
- 1
Accounts 1158 d overdue0 of 16 deeds read
Signals- Open bankruptcyLatest accounts filed on timeShow the evidence
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 05-07-2022, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2021
26 d early
2020
23 d early
2019
5 d late
2018
8 d early
2017
6 d early
2016
6 d early
2015
19 d 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 12 days before the deadline; the sector median for financial year 2021 is 2 days after the deadline, and 51% of the sector filed late.
Checked, nothing found (1)
- OpeningOndernemingsrechtbank Antwerpen, afdeling Antwerpen ·…
- OpeningOndernemingsrechtbank Antwerpen · collective agreement…
- Provisional administratorOndernemingsrechtbank Gent · interim administrator…
Key points
By topic
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 16
- Since
- 2013
- 05-10-2022Opening
- 09-08-2022Opening
- 29-07-2022Provisional administrator
Company details
- Sites
- 5
- Legal form
- Public limited company
- Activity
- Retail sale of other cultural and recreation goodsNACE 47690
- Founded
- 20-05-1992
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Retail sale of other cultural and recreation goods sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.