Musical ARTworkz
ActiveMusical ARTworkz has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-79k) and a net result of €31k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 1503 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
8
/ 100
Critical▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency33=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.2 in 2024), 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
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
-61%
Return on assets
23.6%
Age of the figures
8 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1503 sector peers (2025).
NBB · sector comparisonPosition among 1503 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
23 d late
2023
29 d late
2022
10 d early
2021
30 d late
2020
31 d late
2019
23 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-79k▲ 27.9%
2024 · €-110k
2018: €23k
2019: €-38k
2020: €-45k
2021: €-119k
2022: €-151k
2023: €-171k
2024: €-110k
2018 → 2025
Total assets
€130k▼ 30.4%
2024 · €187k
2018: €301k
2019: €310k
2020: €326k
2021: €310k
2022: €283k
2023: €206k
2024: €187k
2018 → 2025
Net result
€31k▼ 49.3%
2024 · €61k
2018: €-30k
2019: €-61k
2020: €-7k
2021: €-74k
2022: €-32k
2023: €-19k
2024: €61k
2018 → 2025
Working capital
€-161k▲ 31.9%
2024 · €-236k
2018: €-243k
2019: €-306k
2020: €-308k
2021: €-382k
2022: €-359k
2023: €-342k
2024: €-236k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-119k-€-151k▼ 27.1%€-171k▼ 12.9%€-110k▲ 35.5%€-79k▲ 27.9%
Operating result€-74k-€-31k▲ 57.6%€-19k▲ 40.4%€61k€31k▼ 49.0%
Net result€-74k-€-32k▲ 56.4%€-19k▲ 39.7%€61k€31k▼ 49.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets
€82k▼ 35.3%
Current assets
€49k▼ 20.1%
Key figures and ratios
EBITDA
€97k▼
2024 · €121k
Cash flow
€97k▼
2024 · €121k
Solvency
-61.0%▼
2024 · -58.9%
Current ratio
0.23▲
2024 · 0.20
Quick ratio
0.23▲
2024 · 0.20
Debt / equity
-2.64▲
2024 · -2.70
ROE
-38.7%▲
2024 · -55.0%
ROA
23.6%▼
2024 · 32.4%
Interest coverage
450.85▲
2024 · 154.84
Debt
€210k▼
2024 · €297k
Debt ≤ 1 year
€210k▼
2024 · €297k
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€187k€130k▼
Fixed assets21/28€126k€82k▼
Tangible fixed assets22/27€126k€82k▼
Land and buildings22€17k€14k▼
Plant, machinery and equipment23€103k€62k▼
Furniture and vehicles24€7k€5k▼
Current assets29/58€61k€49k▼
Amounts receivable within one year40/41€26k€4k▼
Trade receivables40€25k€4k▼
Other amounts receivable41€905-
Cash at bank and in hand54/58€35k€44k▲
Deferred charges and accrued income490/1-€55
Equity and liabilities
Total equity and liabilities10/49€187k€130k▼
Equity10/15€-110k€-79k▲
Contributions10/11€200k€200k=
Profit (loss) carried forward14€-310k€-279k▲
Amounts payable17/49€297k€210k▼
Amounts payable within one year42/48€297k€210k▼
Trade debts44€1k€5k▲
Suppliers440/4€1k€5k▲
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€296k€203k▼
Income statement
Code20242025
Non-recurring operating income76A-€300
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€66k▲
Other operating charges640/8€544€520▼
Gross operating margin9900€121k€98k▼
Operating profit (loss)9901€61k€31k▼
Financial income75/76B€762€1▼
Recurring financial income75€294€1▼
Non-recurring financial income76B€468-
Financial charges65/66B€781€216▼
Recurring financial charges65€781€216▼
Profit (loss) for the period before taxes9903€61k€31k▼
Profit (loss) for the period9904€61k€31k▼
Profit (loss) for the period to be appropriated9905€61k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-310k€-279k▲
Profit (loss) brought forward from the previous period14P€-371k€-310k▲
The notes to these accounts (5 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Back to profitnet €61k
Net result €61k after 6 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-74k
Net result drops to €-74k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Mol · 1 establishment unit since 2015
Ground area
3,751 m²
Building footprint
448 m²
Volume, LiDAR
2,292 m³
Parcel 13434F1543/00M000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Musical ARTworkz
since 20152.239.780.280
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F1543/00M000 | Flanders | 3,751 m² | 1 · 448 m² | 7.8 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.
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Of 796 companies in sector 59201 we hold annual accounts for 162. 134 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-2015
Fiscal year end31-12
Activities, NACEBEL
59201Sound recording
59202Motion picture, video and television programme production, sound recording and music publishing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.