KLAVIERMEESTER ORCHESTRA
ActiveKLAVIERMEESTER ORCHESTRA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-36k) and a net result of €60k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+21
Solvency22▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9 against 0.89 in 2024; short-term debt: 58.6% and cash: 1.5% of total assets), and equity is negative.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-2.7%
Return on assets
4.6%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 18120 sector peers (2025).
NBB · sector comparisonPosition among 18120 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
50 d early
2023
51 d early
2022
11 d early
2021
48 d early
2020
10 d early
2019
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-36k▲ 62.6%
2024 · €-96k
2019: €69k
2020: €31k
2021: €48k
2022: €34k
2023: €-125k
2024: €-96k
2019 → 2025
Total assets
€1.31M▼ 5.0%
2024 · €1.38M
2019: €980k
2020: €893k
2021: €886k
2022: €1.12M
2023: €1.34M
2024: €1.38M
2019 → 2025
Net result
€60k▲ 111%
2024 · €29k
2019: €10k
2020: €-38k
2021: €17k
2022: €-14k
2023: €-158k
2024: €29k
2019 → 2025
Working capital
€-77k▲ 15.0%
2024 · €-90k
2019: €-64k
2020: €-79k
2021: €-61k
2022: €158k
2023: €106k
2024: €-90k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€34k▼ 29.4%€-125k€-96k▲ 22.9%€-36k▲ 62.6%
Operating result€31k-€-1k€-139k▼ 10,413%€77k€88k▲ 14.4%
Net result€17k-€-14k€-158k▼ 1,035%€29k€60k▲ 111%
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 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.31M
Fixed assets
€618k▼ 5.7%
Current assets
€690k▼ 4.4%
Key figures and ratios
EBITDA
€130k▲
2024 · €121k
Cash flow
€102k▲
2024 · €73k
Solvency
-2.7%▲
2024 · -7.0%
Current ratio
0.90▲
2024 · 0.89
Quick ratio
0.06▼
2024 · 0.09
Debt / equity
-37.40▼
2024 · -15.31
ROA
4.6%▲
2024 · 2.1%
Interest coverage
4.59▲
2024 · 2.50
Debt
€1.34M▼
2024 · €1.47M
Debt ≤ 1 year
€767k▼
2024 · €812k
Debt > 1 year
€577k▼
2024 · €660k
Income taxes
€138▲
2024 · €133
Staff costs
€54k▲
2024 · €51k
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€1.38M€1.31M▼
Fixed assets21/28€656k€618k▼
Tangible fixed assets22/27€656k€618k▼
Land and buildings22€446k€425k▼
Plant, machinery and equipment23€3k€101▼
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€204k€191k▼
Financial fixed assets28€0-
Current assets29/58€722k€690k▼
Stocks and contracts in progress3€646k€642k▼
Stocks30/36€646k€642k▼
Amounts receivable within one year40/41€55k€3k▼
Trade receivables40€55k€3k▼
Current investments50/53€10k€20k▲
Cash at bank and in hand54/58€7k€20k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.38M€1.31M▼
Equity10/15€-96k€-36k▲
Contributions10/11€19k€19k=
Reserves13€29k€29k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€29k€29k=
Profit (loss) carried forward14€-144k€-84k▲
Amounts payable17/49€1.47M€1.34M▼
Amounts payable after more than one year17€660k€577k▼
Financial debts170/4€660k€577k▼
Amounts payable within one year42/48€812k€767k▼
Current portion of amounts payable after more than one year42€330k€323k▼
Trade debts44€365k€327k▼
Suppliers440/4€365k€327k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€33k€22k▼
Taxes450/3€28k€16k▼
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€84k€95k▲
Accrued charges and deferred income492/3€2k€750▼
Income statement
Code20242025
Remuneration, social security and pensions62€51k€54k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€42k▼
Other operating charges640/8€11k€11k▲
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€186k€195k▲
Operating profit (loss)9901€77k€88k▲
Financial income75/76B€482€866▲
Recurring financial income75€482€866▲
Financial charges65/66B€49k€28k▼
Recurring financial charges65€49k€28k▼
Profit (loss) for the period before taxes9903€29k€60k▲
Income taxes67/77€133€138▲
Profit (loss) for the period9904€29k€60k▲
Profit (loss) for the period to be appropriated9905€29k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-144k€-84k▲
Profit (loss) brought forward from the previous period14P€-172k€-144k▲
The notes to these accounts (7 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
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €60k ▲111%
Operating result €88k, net result €60k, both a record.
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €29k
Net result €29k after 2 loss-making years.
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €-158k
Net result drops to €-158k, the lowest in the series; recovery starts the following year.
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity triplescurrent ratio 1.72
Current ratio from 0.61 to 1.72.
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
07-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2008
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.
Thonissenlaan 343500 HasseltGround area
144 m²
Building footprint
144 m²
Volume, LiDAR
1,608 m³
Parcel 71327G0473/00B002, Flanders · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KLAVIERMEESTER ORCHESTRA
since 20082.171.914.132
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0473/00B002 | Flanders | 144 m² | 1 · 144 m² | 15.1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 309 EUR awarded · 309 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 309 EUR | 309 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,288 companies in sector 47690 we hold annual accounts for 424. 302 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2008
Fiscal year end30-06
Activities, NACEBEL
47594Retail trade
47690Retail sale of other cultural and recreation goods
82990Other business support services
85599Other education
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 17 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.