REDRUMUSIC
ActiveSummary
The annual accounts of REDRUMUSIC for fiscal year 2024 show a net loss of 50% of total assets and of 93% of the equity at the start of that year. The 2024 annual accounts show equity of €869 and a net result of -€10,777. Equity is shrinking by ~33% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 19% of 1930 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency29▼-66
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.49 against 2.23 in 2023; short-term debt: 81.4% and cash: 21.8% of total assets), and 95.9% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
4.1%
Return on assets
-50.5%
Age of the figures
21 mo
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
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€10,777
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1930 sector peers (2024).
NBB · sector comparisonPosition among 1930 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
26 d late
2022
29 d late
2021
192 d late
2020
10 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 52 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€10,777▼ 134%
2023 · -€4,605
Working capital
-€8,836
2023 · €6,116
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€27,720€24,770-€6,688-€4,175▲ 37.6%-€10,131▼ 143%
Net result-€25,394€24,538-€6,851-€4,605▲ 32.8%-€10,777▼ 134%
Equity-€1,436€23,102€16,251▼ 29.7%€11,646▼ 28.3%€869▼ 92.5%
Total assets€46,723▼ 3.9%€23,402▼ 49.9%€21,439▼ 8.4%€16,613▼ 22.5%€21,349▲ 28.5%
Debt€48,159▲ 95.2%€300▼ 99.4%€5,188▲ 1,629%€4,967▼ 4.3%€20,480▲ 312%
Working capital-€8,419€17,466€9,919▼ 43.2%€6,116▼ 38.3%-€8,836
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,131 in 2024 against €4,175 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21,349
Fixed assets
€12,807 ▲ 132%
Current assets
€8,542 ▼ 22.9%
Equity and liabilities €21,349
Equity
€869 ▼ 92.5%
Debt
€20,480 ▲ 312%
Debt's share of the balance-sheet total rises from 29.9% to 95.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,732▼
2023 · -€1,970
Cash flow
-€6,378▼
2023 · -€2,400
Current ratio
0.49▼
2023 · 2.23
ROA
-50.5%▼
2023 · -27.7%
Interest coverage
-7.58▼
2023 · -3.39
Debt ≤ 1 year
€17,378▲
2023 · €4,967
Debt > 1 year
€3,102
Equity ratios withheld: equity of €869 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 646 companies that looked in July 2024 the way this one looks now, 6.7% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
6.7%
went bankrupt
5.6%
stopped otherwise
86%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 646 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,303 | €2,871 | €2,976 | €2,205 | €4,399 | ▲ 99.5% |
| Other operating charges640/8 | - | €421 | €1,108 | €1,024 | €771 | ▼ 24.7% |
| Gross operating margin9900 | -€24,633 | €28,061 | -€2,604 | -€946 | -€4,961 | ▼ 424% |
| Operating profit (loss)9901 | -€27,720 | €24,770 | -€6,688 | -€4,175 | -€10,131 | ▼ 143% |
| Financial income75/76B | - | - | €18 | €152 | €110 | ▼ 27.5% |
| Recurring financial income75 | - | - | €18 | €152 | €110 | ▼ 27.5% |
| Financial charges65/66B | - | €180 | €180 | €582 | €756 | ▲ 30.0% |
| Recurring financial charges65 | €174 | €180 | €180 | €582 | €756 | ▲ 30.0% |
| Profit (loss) for the period before taxes9903 | -€27,894 | €24,590 | -€6,851 | -€4,605 | -€10,777 | ▼ 134% |
| Income taxes67/77 | -€2,500 | €52 | - | - | - | - |
| Profit (loss) for the period9904 | -€25,394 | €24,538 | -€6,851 | -€4,605 | -€10,777 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | -€25,394 | €24,538 | -€6,851 | -€4,605 | -€10,777 | ▼ 134% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,723 | €23,402 | €21,439 | €16,613 | €21,349 | ▲ 28.5% |
| Fixed assets21/28 | €6,982 | €5,636 | €6,332 | €5,530 | €12,807 | ▲ 132% |
| Tangible fixed assets22/27 | €6,982 | €5,636 | €6,332 | €5,530 | €12,807 | ▲ 132% |
| Plant, machinery and equipment23 | - | €829 | €501 | €1,964 | €6,174 | ▲ 214% |
| Furniture and vehicles24 | - | €4,807 | €3,418 | €1,659 | €5,233 | ▲ 215% |
| Leasing and similar rights25 | - | - | €2,413 | €1,907 | €1,401 | ▼ 26.5% |
| Current assets29/58 | €39,740 | €17,766 | €15,108 | €11,084 | €8,542 | ▼ 22.9% |
| Amounts receivable within one year40/41 | €3,834 | €1,040 | €4,967 | €1,758 | €128 | ▼ 92.7% |
| Trade receivables40 | - | €900 | €900 | - | - | - |
| Other amounts receivable41 | - | €140 | €4,067 | €1,758 | €128 | ▼ 92.7% |
| Cash at bank and in hand54/58 | €33,407 | €16,726 | €10,140 | €8,904 | €4,656 | ▼ 47.7% |
| Deferred charges and accrued income490/1 | - | - | - | €422 | €3,758 | ▲ 790% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,723 | €23,402 | €21,439 | €16,613 | €21,349 | ▲ 28.5% |
| Equity10/15 | -€1,436 | €23,102 | €16,251 | €11,646 | €869 | ▼ 92.5% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | - | €12,400 | - | - | - | - |
| Other1109/19 | - | €12,400 | - | - | - | - |
| Profit (loss) carried forward14 | -€13,836 | €10,702 | €3,851 | -€754 | -€11,531 | ▼ 1,429% |
| Amounts payable17/49 | €48,159 | €300 | €5,188 | €4,967 | €20,480 | ▲ 312% |
| Amounts payable after more than one year17 | - | - | - | - | €3,102 | - |
| Financial debts170/4 | - | - | - | - | €3,102 | - |
| Amounts payable within one year42/48 | €48,159 | €300 | €5,188 | €4,967 | €17,378 | ▲ 250% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €2,468 | - |
| Trade debts44 | €2,055 | - | €3,122 | €3,332 | €4,048 | ▲ 21.5% |
| Suppliers440/4 | - | - | €3,122 | €3,332 | €4,048 | ▲ 21.5% |
| Taxes, remuneration and social security45 | - | €300 | €2,066 | €1,635 | €2,047 | ▲ 25.2% |
| Taxes450/3 | - | €300 | €1,166 | €1,635 | €1,081 | ▼ 33.9% |
| Remuneration and social security454/9 | - | - | €900 | - | €966 | - |
| Other amounts payable47/48 | - | - | - | - | €8,815 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,394 | €24,538 | -€6,851 | -€4,605 | -€10,777 | ▼ 134% |
| + Depreciation and write-downs630 | €2,303 | €2,871 | €2,976 | €2,205 | €4,399 | ▲ 99.5% |
| Operating cash flow (approximation) | -€23,091 | €27,409 | -€3,875 | -€2,400 | -€6,378 | ▼ 166% |
| Investment in fixed assets (approximation) | - | -€1,525 | -€3,672 | -€1,403 | -€11,676 | ▼ 732% |
| Change in cash | - | -€16,680 | -€6,586 | -€1,237 | -€4,248 | ▼ 244% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 192 days late
2021
31-12
Financial
Back to profitnet €24,538
Net result €24,538 after one loss-making year.
31-12
Financial
Liquidity times 72current ratio 59.22
Current ratio from 0.83 to 59.22; short-term debt falls from €48,159 to €300.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
31-12
Financial
Weakest financial yearnet -€25,394
Net result drops to -€25,394, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Le Roeulx · 1 establishment unit since 2018
Ground area
333 m²
Parcel 55035D0661/00X003, Wallonia. Linked by address, not a title deed.
1 establishment unit
redrumusic
since 20182.276.399.661
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55035D0661/00X003 | Wallonia | 333 m² | - | - |
Linked by address, not proof of ownership
Good to know
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. 18 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
59201Sound recording
59203Motion picture, video and television programme production, sound recording and music publishing activities
59209Motion picture, video and television programme production, sound recording and music publishing activities
Contact
E-mail
redrumusic@lenymagoufakis.comLe Roeulx
Phone
0494459502Le Roeulx
E-invoicing
Reachable via Peppol
Peppol ID
0208:0696794154
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.