Musical ARTworkz
ActiveFrom the official registers: KBO 11 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Musical ARTworkz has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€79,366) and a net result of €30,687. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 1,860 sector peers (NACE 59, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
KBO- Status
- Active since 12-02-2015 Normal situation
- Activity
- Sound recording NACE 59201and 1 other
- Establishment unit
- 2.239.780.280 2400 Mol, since 12-02-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 21-09-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €97,800
- ▼ 19.5%
- Turnover
- ≈ €290,000
- estimated
- Profit
- €30,687
- ▼ 49.3%
- Equity
- -€79,366
- ▲ 27.9%
- Total assets
- €130,200
- ▼ 30.4%
Score breakdownraises riskCapped at 59: negative equityNegative equity -€79,366Last filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskSize: total assets €130,200Liquidity: current ratio 0.23, cash €44,150Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 59, micro). It does better than 6% of them on solvency, 28% on liquidity, 82% on profitability and 77% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 16 days after the deadline. In the sector (NACE 59), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00483217.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 11 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 49% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as Musical ARTworkz: sound recording (NACE 59201). They are comparable in size and age: total assets between €103,000 and €165,000, founded between 2010 and 2019.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| Musical ARTworkz Mol | 2015 | €130,200 | -€79,366 | €97,800 | €30,687 | 2025 |
| TenToon Voeren | 2011 | €141,200 | €39,867 | €51,234 | €19,867 | 2025 |
| Look Forward Supply Chain Consultancy Evergem | 2019 | €149,854 | €87,806 | €84,613 | €53,680 | 2025 |
| HUGUES DESCHAUX Watermaal-Bosvoorde | 2010 | €148,961 | €70,639 | €49,783 | €25,355 | 2025 |
| THAT SOUNDS GOOD Incourt | 2018 | €103,424 | €92,172 | €47,164 | €33,494 | 2025 |
| MISTIN MUSIC PRODUCTIONS Pont-à-Celles | 2011 | €164,778 | €115,008 | €39,664 | €10,176 | 2025 |
| JAN LEGOWSKI Genk | 2019 | €138,339 | €6,200 | €59,226 | €40,999 | 2025 |
They were chosen from the 176 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 3,632 companies had the same profile as Musical ARTworkz has now. Two years later, 2.9% had gone bankrupt and 91.9% were still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Musical ARTworkz itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for Musical ARTworkz. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €300 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4,085 | - | €54,249 | €61,331 | €65,164 | €60,357 | €66,379 | ▲ 10.0% |
| Other operating charges640/8 | - | - | - | €449 | €450 | €543 | €544 | €520 | ▼ 4.4% |
| Gross operating margin9900 | -€29,324 | -€51,002 | €261 | -€19,466 | €30,326 | €46,970 | €121,481 | €97,800 | ▼ 19.5% |
| Operating profit (loss)9901 | -€30,244 | -€60,336 | -€5,973 | -€74,164 | -€31,454 | -€18,738 | €60,580 | €30,902 | ▼ 49.0% |
| Financial income75/76B | - | - | - | €861 | €373 | €40 | €762 | €1 | ▼ 99.9% |
| Recurring financial income75 | €3 | €84 | - | €861 | €373 | €40 | €294 | €1 | ▼ 99.7% |
| Non-recurring financial income76B | - | - | - | - | - | - | €468 | - | - |
| Financial charges65/66B | - | - | - | €713 | €1,180 | €752 | €781 | €216 | ▼ 72.4% |
| Recurring financial charges65 | €78 | €214 | €1,256 | €713 | €1,180 | €752 | €781 | €216 | ▼ 72.4% |
| Profit (loss) for the period before taxes9903 | -€29,918 | -€60,466 | -€7,229 | -€74,015 | -€32,262 | -€19,450 | €60,561 | €30,687 | ▼ 49.3% |
| Income taxes67/77 | €132 | €87 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€30,050 | -€60,552 | -€7,229 | -€74,015 | -€32,262 | -€19,450 | €60,561 | €30,687 | ▼ 49.3% |
| Profit (loss) for the period to be appropriated9905 | -€30,050 | -€60,552 | -€7,229 | -€74,015 | -€32,262 | -€19,450 | €60,561 | €30,687 | ▼ 49.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €301,133 | €309,765 | €326,453 | €309,949 | €283,418 | €205,619 | €186,998 | €130,200 | ▼ 30.4% |
| Fixed assets21/28 | €266,101 | €268,655 | €263,243 | €262,961 | €207,698 | €171,118 | €126,243 | €81,636 | ▼ 35.3% |
| Tangible fixed assets22/27 | €266,101 | €268,655 | €263,243 | €262,961 | €207,698 | €171,118 | €126,243 | €81,636 | ▼ 35.3% |
| Land and buildings22 | - | - | - | €25,462 | €22,633 | €19,804 | €16,975 | €14,146 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | - | - | €223,268 | €174,008 | €141,470 | €102,711 | €62,123 | ▼ 39.5% |
| Furniture and vehicles24 | - | - | - | €14,231 | €11,057 | €9,843 | €6,557 | €5,368 | ▼ 18.1% |
| Current assets29/58 | €35,032 | €41,110 | €63,210 | €46,988 | €75,720 | €34,501 | €60,755 | €48,564 | ▼ 20.1% |
| Amounts receivable within one year40/41 | €1,343 | - | €694 | €3,742 | €9,297 | €10,725 | €26,018 | €4,359 | ▼ 83.2% |
| Trade receivables40 | - | - | - | €2,707 | €8,701 | €10,036 | €25,113 | €4,359 | ▼ 82.6% |
| Other amounts receivable41 | - | - | - | €1,036 | €597 | €689 | €905 | - | - |
| Cash at bank and in hand54/58 | €32,700 | €41,110 | €62,517 | €43,246 | €66,422 | €23,776 | €34,737 | €44,150 | ▲ 27.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €55 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €301,133 | €309,765 | €326,453 | €309,949 | €283,418 | €205,619 | €186,998 | €130,200 | ▼ 30.4% |
| Equity10/15 | €22,895 | -€37,658 | -€44,887 | -€118,902 | -€151,164 | -€170,614 | -€110,053 | -€79,366 | ▲ 27.9% |
| Contributions10/11 | €200,000 | €200,000 | - | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€177,105 | -€237,658 | -€244,887 | -€318,902 | -€351,164 | -€370,614 | -€310,053 | -€279,366 | ▲ 9.9% |
| Amounts payable17/49 | €278,238 | €347,423 | €371,340 | €428,851 | €434,582 | €376,233 | €297,051 | €209,566 | ▼ 29.5% |
| Amounts payable within one year42/48 | €278,238 | €347,423 | €371,340 | €428,851 | €434,582 | €376,233 | €297,051 | €209,566 | ▼ 29.5% |
| Trade debts44 | €9,551 | €3,475 | €781 | €2,367 | €313 | €423 | €1,466 | €4,692 | ▲ 220% |
| Suppliers440/4 | - | - | - | €2,367 | €313 | €423 | €1,466 | €4,692 | ▲ 220% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €2,301 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €2,301 | - |
| Other amounts payable47/48 | - | - | - | €426,484 | €434,269 | €375,810 | €295,585 | €202,572 | ▼ 31.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,050 | -€60,552 | -€7,229 | -€74,015 | -€32,262 | -€19,450 | €60,561 | €30,687 | ▼ 49.3% |
| + Depreciation and write-downs630 | - | €4,085 | - | €54,249 | €61,331 | €65,164 | €60,357 | €66,379 | ▲ 10.0% |
| Operating cash flow (approximation) | -€30,050 | -€56,467 | -€7,229 | -€19,767 | €29,069 | €45,715 | €120,919 | €97,065 | ▼ 19.7% |
| Investment in fixed assets (approximation) | - | -€6,639 | €5,412 | -€53,967 | -€6,068 | -€28,583 | -€15,483 | -€21,772 | ▼ 40.6% |
| Change in cash | - | €8,410 | €21,407 | -€19,271 | €23,177 | -€42,646 | €10,961 | €9,413 | ▼ 14.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00483217 | NBB |
| 31-12-2024 | micro format | 23-08-2025 | 2025-00395003 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00395593 | |
| 31-12-2022 | micro format | 21-07-2023 | 2023-00258085 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20348415 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58600149 | |
| 31-12-2019 | micro format | 08-07-2020 | 2020-27500342 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-34500265 | |
| 31-12-2017 | micro format | 18-07-2018 | 2018-33900247 | |
| 31-12-2016 | micro format | 19-08-2017 | 2017-46300211 |
Board & ownership
Directors
Other functions 3
Owners and capital
Capital transactions
- 18-09-2023 Converted to unavailable equity
Mandate history
- Board
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| Peeters,ArianeFrans |
|
| Peeters,RobKarelJosephina |
|
| Peeters,Tim |
|
| Ariane Peeters |
|
| Rob Peeters |
|
Network & group
Musical ARTworkz shares no director with another company.
Connections & network
3 office holdersThe network starts from the directors of Musical ARTworkz. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
30-07
Gazette deed
Resignations: Rob Peeters (director) and Ariane Peeters (director)Director discharge6 points ▸
- General meeting, 10-06-2025
- Director resignation, Rob Peeters (director (not named in the articles))
- Director discharge, Rob Peeters
- Director resignation, Ariane Peeters (director (not named in the articles))
- Director discharge, Ariane Peeters
- Other provision, “Naam en handtekening (dit geldt niet voor akten van het type 'Mededelingen'), Naam en hoedanigheid van de instrumenterende notaris, hetzij van de perso(o)n(en)…” (deed in Dutch)
18-09
Gazette deed
Resignations: Peeters,Tim, Peeters,RobKarelJosephina and Peeters,ArianeFransAppointments: Peeters,Tim, Peeters,RobKarelJosephina and Peeters,ArianeFrans · Director discharge · Registered office clause15 points ▸
- Director resignation, Peeters,Tim (manager)
- Director resignation, Peeters,RobKarelJosephina (manager)
- Director resignation, Peeters,ArianeFrans (manager)
- Director discharge, Peeters,Tim
- Director discharge, Peeters,RobKarelJosephina
- Director discharge, Peeters,ArianeFrans
- Director appointment, Peeters,Tim (niet statutairbestuurder)
- Director appointment, Peeters,RobKarelJosephina (niet statutairbestuurder)
- Director appointment, Peeters,ArianeFrans (niet statutairbestuurder)
- Registered office clause, “VlaamseGewest, 2400Mol,Herdersstraat11” (deed in Dutch)
- General meeting, 12-09-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, aanpassen en behouden” (deed in Dutch)
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202512 activities
- De uitoefening van elke activiteit met betrekking tot de creatie,de uitgave,het beheer,de productie en exploitatie en de distributie van alle mogelijke rechten,hierin begrepen intellectuele en audiovisuele rechten;
- De aanleg van een gegevensbank van literatuur en beeld- en geluidsdragers ter verwezenlijking van hiervoor vermelde voorwerp;
- Het bedenken,uitwerken,inrichten,materialiseren,uitvoeren en produceren van/of op enige andere wijze meewerken aan audiovisuele en culturele producties in binnen- en buitenland en dit alles in de meest ruime zin,niets uitgezonderd noch voorbehouden,zowel voor eigen rekening als voor rekening van derden;
- Het inrichten,begeleiden en adviseren van manifestaties in de ruimste zin van het woord;
- Het produceren en promoveren van muziek in de ruimste zin in binnen- en buitenland,het managen van artiesten,de in- en uit- en de doorvoer,het vervullen van douaneformaliteiten,het kopen en het verkopen van intellectuele rechten over muziek en van klank en beeldopnamen,en alle handelingen die rechtstreeks en onrechtstreeks hiermee te maken hebben,het uitgeven van muziek-,tekst- en theaterstukken;
- Het produceren,realiseren,uitgeven,regisseren en monteren van films en videoproducties van welke aard ook inzonderheid doch niet beperkend speelfilms,korte films,series,documentaires,promotiefilms,publicitaire films,videoclips,teken- en animatiefilms,educatieve opnamen of films met vormingsdoeleinden;
- Het nasynchroniseren,toevoegen van speciale effecten,ontwikkelen,monteren,inkleuren,dubben en andere activiteiten verbonden aan de film- en televisieproductie;
- Het verstrekken van alle advies,het bemiddelen,ontwikkelen,produceren,alsmede het verlenen van alle bijstand bij het arrangeren en spelen van muziek en video,de geluidstechniek,het ontwikkelen,verspreiden en uitvoeren van alle soorten artistieke en muzikale producties,het leveren van artistieke prestatie in de ruimste zin van het woord;
- Het voorbereiden,researchen,ontwikkelen en realiseren van journalistieke producten,het realiseren van artikels,reportages en interviews voor de geschreven pers;het voorbereiden,researchen en ontwikkelen,realiseren en presenteren van radio- en TV programma’s;advies en consultancy m.b.t.al het bovenstaande evenals advies en consultancy m.b.t.nieuwe mediaformats in geschreven en audiovisuele pers,management,redactionele organisatie en personeel;het organiseren van congressen,lezingen en seminaries;het geven van cursussen & opleidingen m.b.t.mediatraining,schrijven,interviewen,redactie organisatie & management;het opstellen van budgetplannen en redactionele organisatieschema’s,de organisatie van evenementen;het schrijven en uitgeven van brochures,cursussen en boeken;
- De aankoop en de verkoop,het huren en verhuren,het onderhoud en de herstelling van allerlei materialen,onderdelen,toebehoren en aanverwante toestellen en apparaten;
- Het verlenen van bedrijfseconomische,strategische en financiële adviezen en ondersteuning in de meest ruime zin.Ontwikkelen van economische netwerken tussen bedrijven en organisaties en hun respectievelijke expansie helpen realiseren.Ontwikkeling en commercialisering van producten en diensten.Organiseren van samenkomsten,-zakelijk,sportief en cultureel,-teneinde dergelijke netwerking mogelijk te maken en te versterken.
- Zowel in België als in het buitenland,voor eigen rekening of voor rekening van derden,of door deelname van deze muziekuitgaven,met andere woorden de verwerving en de exploitatie,zowel in België als in het buitenland,voor eigen rekening of voor rekening van derden,van auteursrechten op muziekwerken,dit laatste in de ruimste zin van het woord,zowel voor commerciële als niet commerciële voorwerpen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13434F1543/00M000 | Flanders | 3,751 m² | 1 · 448 m² | 7.8 m · 2 |