MUSIC - ALL
ActiveMUSIC - ALL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €13k and a net result of €-4k. Equity is shrinking by ~11.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability60▼-10
Solvency48▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.9 in 2025; short-term debt: 72.3% and cash: 6.3% of total assets), and 76.9% 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+raises 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
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 2026Solvency, return and age of the figures
Solvency
23.1%
Return on assets
-7.1%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
47 d early
2025
on the day
2024
7 d early
2023
on the day
2022
on the day
2021
3 d early
2020
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€13k▼ 23.6%
2025 · €17k
2019: €29k
2020: €31k
2021: €24k
2022: €21k
2023: €15k
2024: €16k
2025: €17k
2019 → 2026
Total assets
€55k▼ 14.0%
2025 · €64k
2019: €69k
2020: €56k
2021: €42k
2022: €30k
2023: €26k
2024: €64k
2025: €64k
2019 → 2026
Net result
€-4k
2025 · €711
2019: €6k
2020: €2k
2021: €-8k
2022: €-3k
2023: €-6k
2024: €1k
2025: €711
2019 → 2026
Working capital
€-7k▼ 70.8%
2025 · €-4k
2019: €12k
2020: €14k
2021: €10k
2022: €18k
2023: €12k
2024: €-6k
2025: €-4k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€21k-€15k▼ 28.0%€16k▲ 7.7%€17k▲ 4.5%€13k▼ 23.6%
Operating result€-3k-€-5k▼ 100%€3k€2k▼ 19.8%€-2k
Net result€-3k-€-6k▼ 98.2%€1k€711▼ 37.9%€-4k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €2k after €2k in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €55k
Fixed assets
€22k▼ 24.9%
Current assets
€33k▼ 4.8%
Equity and liabilities €55k
Equity
€13k▼ 23.6%
Debt
€42k▼ 10.6%
The debt ratio rises from 74.0% to 76.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9k▼
2025 · €12k
Cash flow
€7k▼
2025 · €11k
Solvency
23.1%▼
2025 · 26.0%
Current ratio
0.83▼
2025 · 0.90
Quick ratio
0.83▼
2025 · 0.90
Debt / equity
3.33▲
2025 · 2.84
ROE
-30.9%▼
2025 · 4.3%
ROA
-7.1%▼
2025 · 1.1%
Interest coverage
9.95▼
2025 · 12.62
Debt
€42k▼
2025 · €47k
Debt ≤ 1 year
€40k▲
2025 · €39k
Debt > 1 year
€1k▼
2025 · €7k
Income taxes
€933▲
2025 · €317
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€64k€55k▼
Fixed assets21/28€29k€22k▼
Tangible fixed assets22/27€29k€22k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€29k€20k▼
Current assets29/58€35k€33k▼
Amounts receivable within one year40/41€31k€29k▼
Trade receivables40€30k€29k▼
Other amounts receivable41€1k€5▼
Cash at bank and in hand54/58€4k€3k▼
Deferred charges and accrued income490/1€112€462▲
Equity and liabilities
Total equity and liabilities10/49€64k€55k▼
Equity10/15€17k€13k▼
Contributions10/11€19k€19k=
Reserves13€8k€2k▼
Tax-exempt reserves132€4k€0▼
Distributable reserves133€4k€2k▼
Profit (loss) carried forward14€-10k€-8k▲
Amounts payable17/49€47k€42k▼
Amounts payable after more than one year17€7k€1k▼
Financial debts170/4€7k€1k▼
Amounts payable within one year42/48€39k€40k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€666€757▲
Suppliers440/4€666€757▲
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€5k€6k▲
Other amounts payable47/48€27k€28k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€14k€10k▼
Operating profit (loss)9901€2k€-2k▼
Financial income75/76B€3€1▼
Recurring financial income75€3€1▼
Financial charges65/66B€988€855▼
Recurring financial charges65€988€855▼
Profit (loss) for the period before taxes9903€1k€-3k▼
Income taxes67/77€317€933▲
Profit (loss) for the period9904€711€-4k▼
Transfer from tax-exempt reserves789-€4k
Profit (loss) for the period to be appropriated9905€711€380▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-10k▲
Profit (loss) brought forward from the previous period14P€-11k€-10k▲
Transfer from equity791/2-€2k
The notes to these accounts (12 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 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Liquidity doublescurrent ratio 3.42
Current ratio from 1.66 to 3.42; short-term debt falls from €15k to €7k.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-8k ▼474%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Geraardsbergen · 1 establishment unit since 1987
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.
Gaverstraat(Ove) 1309500 GeraardsbergenGround area
3,319 m²
Building footprint
233 m²
Volume, LiDAR
1,081 m³
Parcel 41056B0274/00H000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gaverstraat(Ove) 130, 9500 Geraardsbergen
since 19872.029.726.978
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41056B0274/00H000 | Flanders | 3,319 m² | 1 · 233 m² | 7.3 m · 2 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
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There There
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Of 8,303 companies in sector 90201 we hold annual accounts for 601. 377 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-04-1987
Fiscal year end31-03
Activities, NACEBEL
90201Performing arts by independent artists
92311
64200Holdings
64210Activities of holding companies
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82300Organisation of conventions and trade shows
82990Other business support services
90202Performing arts by artistic ensembles
90393Specialised image, lighting and sound technical services
92312
92313
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.