KEY MUSIC
A bankruptcy procedure is open for KEY MUSIC according to publications in the Belgian State Gazette. The file additionally contains 2 interim measures and 1 judicial reorganisation. The 2021 annual accounts show negative equity (€-136k) and a net result of €-1.57M.
| Equity | €-136k |
| Net result | €-1.57M |
| Staff (FTE) | 48.4 |
| Better than sector | 17% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
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.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -2.0% | 25.2% | |
| Net result | €-1.57M | €17k | |
| Equity | €-136k | €133k | |
| Staff costs | €1.88M | €151k | |
| Employees (FTE) | 48.4 | 5.5 |
| Fiscal year | 2021 |
|---|---|
| Deposit | volledig |
| Revenue | €16.09M |
| EBITDA | €-1.20M |
| Net profit | €-1.57M |
| Cash flow | €-1.38M |
| Staff costs | €1.88M |
| Income taxes | €894 |
| Dividends | - |
| Total assets | €6.96M |
| Equity | €-136k |
| Debt | €7.10M |
| of which ≤ 1y | €6.36M |
| of which > 1y | €742k |
| Working capital | €-446k |
| Employees (FTE) | 48.4 |
| 2021 | |
|---|---|
| Current ratio | 0.93 |
| Quick ratio | 0.40 |
| Working capital ratio | -6.4% |
| Solvency | -2.0% |
| Debt / equity | -52.24 |
| Long-term debt ratio | -5.46 |
| Interest coverage | -194.75 |
| Gross margin | 21.5% |
| Net margin | -9.7% |
| ROA | -22.5% |
| ROE | 1153.4% |
| EBITDA margin | -7.5% |
| Days sales outstanding | 12d |
| Days payable outstanding | 77d |
| Inventory turnover | 3.74 |
| Days inventory (DSI) | 98d |
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €6.96M |
| Fixed assets | 21/28 | €1.05M |
| Intangible fixed assets | 21 | €365k |
| Tangible fixed assets | 22/27 | €670k |
| Financial fixed assets | 28 | €16k |
| Current assets | 29/58 | €5.91M |
| Stocks & contracts in progress | 3 | €3.38M |
| Amounts receivable within one year | 40/41 | €2.43M |
| Cash & bank | 54/58 | €93k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.96M |
| Equity | 10/15 | €-136k |
| Contributions / capital | 10/11 | €101k |
| Reserves | 13 | €1.33M |
| Accumulated profits (losses) | 14 | €-1.57M |
| Amounts payable | 17/49 | €7.10M |
| Amounts payable after one year | 17 | €742k |
| Amounts payable within one year | 42/48 | €6.36M |
| Trade debts payable within one year | 44 | €2.67M |
| Income statement | ||
| Turnover | 70 | €16.09M |
| Operating result | 9901 | €-1.39M |
| Financial income | 75 | €104k |
| Financial charges | 65 | €130k |
| Result before taxes | 9903 | €-1.57M |
| Income taxes | 67/77 | €894 |
| Net result for the period | 9904 | €-1.57M |
| Result to be appropriated | 9905 | €-1.57M |
-
Hubertus Leonardus Everardus María 't HoenDirectorState Gazette act 22067285 (03-06-2022)Current03-06-2022 → present
-
Frederick GeldhofBijzondere lasthebberState Gazette act 20146842 (09-12-2020)Current09-12-2020 → present
-
Jan van LoonBijzondere lasthebberState Gazette act 20146842 (09-12-2020)Current09-12-2020 → present
-
Steven De SchrijverBijzondere lasthebberState Gazette act 20146842 (09-12-2020)Current09-12-2020 → present
Historic, not recently confirmed (6)
-
Wybrand KortmannDirectorState Gazette act 20032830 (28-02-2020)Not recently confirmedlast confirmed in an act from 2020
-
Inez VermeeschBijzondere lasthebberState Gazette act 19125227 (19-09-2019)Not recently confirmedlast confirmed in an act from 2019
-
Seppe LaenenBijzondere lasthebberState Gazette act 19125227 (19-09-2019)Not recently confirmedlast confirmed in an act from 2019
-
Johannes Gerardus Aloysius Maria 't HoenDirectorState Gazette act 19106175 (05-08-2019)Not recently confirmedlast confirmed in an act from 2019
-
Petrus Henricus Antonius Maria SmitsDirectorState Gazette act 19106175 (05-08-2019)Not recently confirmedlast confirmed in an act from 2019
-
Nicolaas 'Niels' WillemsDirectorState Gazette act 16113865 (11-08-2016)Not recently confirmedlast confirmed in an act from 2016
Permanent representatives (2)
-
Bart RooseVaste vertegenwoordiger commissarisState Gazette act 16001266 (05-01-2016)Permanent representative05-01-2016 → present
-
Guy De VooghtVaste vertegenwoordiger commissarisState Gazette act 16001266 (05-01-2016)Permanent representative- → 05-01-2016
Former directors (8)
-
Petrus SmitsDirectorState Gazette act 20032830 (28-02-2020)Former- → 28-02-2020
-
Zingerszangers International B.V.DirectorState Gazette act 19125227 (19-09-2019)Former- → 19-09-2019
-
Frank DedeyneDirectorState Gazette act 19106175 (05-08-2019)Former- → 05-08-2019
2 events
- 05-08-2019 Resigned· Director
- 05-08-2019 Resigned· Managing director
-
Dirk ROGGEMANDirectorState Gazette act 19031302 (04-03-2019)Former04-03-2019 → 17-04-2019
2 events
- 17-04-2019 Resigned· Director
- 04-03-2019 Appointed· Director
-
Alain BiebuyckDirectorState Gazette act 18152641 (17-10-2018)Former17-10-2018 → 04-03-2019
2 events
- 04-03-2019 Resigned· Director
- 17-10-2018 Appointed· Director
-
Nicolaas WilemsDirectorState Gazette act 18152641 (17-10-2018)Former- → 17-10-2018
-
Karel A. LandmanDirectorState Gazette act 16113865 (11-08-2016)Former- → 11-08-2016
-
Yannic Van CauwenbergheDirectorState Gazette act 16113865 (11-08-2016)Former- → 11-08-2016
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Bart Roose Statutory auditor |
- | 28-02-2020 → 28-02-2020 |
| Roose Bart Statutory auditor succeeded by Bart Roose in 2020 |
- | 27-07-2017 → 28-02-2020 |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | PETER VERCRAEYE BRITSELEI 76, 2000 ANTWERPEN 1- |
28-09-2022 → present | Belgian State Gazette |
| NACE primary | Detailhandel in cultuur- en recreatieartikelen, neg(47690) |
| Legal form | Public limited company(014) |
| Incorporation | 20-05-1992 |
| Status | Active |
| Postal code | 2000 |
| First BS signal | 05-07-2019 |
| Latest BS signal | 05-10-2022 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0408/00C000 | Flanders | 8,020 m² | 1 · 5,099 m² | 10.8 m · 3 fl. |
| 11807G0157/14_000 | Flanders | 592 m² | 1 · 592 m² | 23.5 m · 3 fl. |
| 21809K0064/00K004 | Brussels | 477 m² | 1 · 176 m² | 20.6 m · 7 fl. |
| 44804D3670/00B003 | Flanders | 415 m² | 1 · 351 m² | 26.0 m · 8 fl. |
| 21809K0066/00Y000 | Brussels | 239 m² | - | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
03-06-2022 Hubertus Leonardus Everardus María 't Hoen appointed as director
- Hubertus Leonardus Everardus María 't Hoen, Bestuurder
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}07-04-2021 Registered office moved within Antwerpen
- Zand 6-0 te 2000 Antwerpen → Kempischdok-Westkaai 101 te 2000 Antwerpen
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}09-12-2020 3 directors appointed
- Steven De Schrijver, Bijzondere lasthebber
- Frederick Geldhof, Bijzondere lasthebber
- Jan van Loon, Bijzondere lasthebber
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}28-02-2020 2 directors appointed, 1 resigning
- Wybrand Kortmann, Bestuurder
- Bart Roose, Commissaris
- Petrus Smits, Bestuurder
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}19-09-2019 2 directors appointed, 1 resigning
- Seppe Laenen, Bijzondere lasthebber
- Inez Vermeesch, Bijzondere lasthebber
- Zingerszangers International B.V., Bestuurder
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}05-08-2019 2 directors appointed, 2 resigning
- Petrus Henricus Antonius Maria Smits, Bestuurder
- Johannes Gerardus Aloysius Maria 't Hoen, Bestuurder
- Frank Dedeyne, Bestuurder
- Frank Dedeyne, Gedelegeerd bestuurder
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}17-04-2019 Dirk Roggeman resigns as director
- Dirk Roggeman, Bestuurder
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}04-03-2019 1 director appointed, 1 resigning
- Dirk ROGGEMAN, Bestuurder
- Alain BIEBUYCK, Bestuurder
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}17-10-2018 1 director appointed, 1 resigning
- Alain Biebuyck, Bestuurder
- Nicolaas Wilems, Bestuurder
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}27-07-2017 Roose Bart appointed as statutory auditor
- Roose Bart, Commissaris
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}11-08-2016 1 director appointed, 2 resigning
- Nicolaas 'Niels' Willems, Bestuurder
- Karel A. Landman, Bestuurder
- Yannic Van Cauwenberghe, Bestuurder
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}05-01-2016 1 director appointed, 1 resigning
- Bart Roose, Vaste vertegenwoordiger commissaris
- Guy De Vooght, Vaste vertegenwoordiger commissaris
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | KEY MUSIC |