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SONARSTUDIOS

Bankruptcy
Private limited company (pre-2019)founded 2003Chaussée de Lille(TOU) 324, 7500 Tournai, BelgiumKBO/BCE: BE 0860.137.503
Summary

The KBO register currently lists the legal status of SONARSTUDIOS as open bankruptcy, with no start date. The 2021 annual accounts show equity of €17,369 and a net result of €18,092.

SONARSTUDIOSBankruptcy

Are you a creditor?

Open bankruptcy Source: KBO register

The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.

The procedure

The publication of the judgment is not in our data. Court, date and trustee are in RegSol: search by the enterprise number.

What to do now

  1. Stop delivering on credit unless the trustee agrees.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the trustee's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Arts creation and performing arts activities
NACE 90311
1 site
Size
≈ €85,000turnover 2021, estimated
Equity
€17,369
Profit
€18,092
Turnover estimated from the gross margin
Financial health
Bankruptcy: no score
Structure
1 of 3 deeds summarised
Signalsraises riskRegister: open bankruptcyShow the evidence

Signals

1 signal.
raises risk
raises risk · Register: open bankruptcy
The KBO register currently gives the legal situation as open bankruptcy, with no start date.
KBO · legal situation
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move · Director in…
  2. Annual accounts filedfinancial year 2021 · full…
  3. Annual accounts filedfinancial year 2020 · full…

Financials · financial year 2021, full format

2021 annual accounts filed late (295 days) Filed on 22 May 2023, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2023-00090956.

Turnover
≈ €85,000
Estimated: probably between €49,000 and €140,000
EBIT margin
Not included in this filing
Net result
€18,092▲ 54.1%
2020 · €11,740
Working capital
€8,101
2020 · -€9,031
Trend over the years

2018 to 2021, 4 financial years 2018 to 2021, 4 financial years

After the dip in 2019 the operating result has climbed two years in a row; 2021 is 50% above 2020 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€19,106 2021 Net result€18,092 2021

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 90, Arts creation and performing arts activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021
Operating result€10,973--€6,922€12,703€19,106▲ 50.4%
Net result€10,239--€7,272€11,740within the sector's middle half€18,092within the sector's middle half▲ 54.1%
Equity-€5,192--€12,464▼ 140%-€724below the sector's middle half▲ 94.2%€17,369below the sector's middle half
Total assets€18,393-€8,775▼ 52.3%€43,759below the sector's middle half▲ 399%€54,289below the sector's middle half▲ 24.1%
Debt€23,585-€21,239▼ 9.9%€44,483▲ 109%€36,920▼ 17.0%
Working capital-€8,024--€14,620▼ 82.2%-€9,031below the sector's middle half▲ 38.2%€8,101below the sector's middle half
Solvency-28.2%--142.0%▼ 113.8pp-1.7%below the sector's middle half▲ 140.4pp32.0%within the sector's middle half▲ 33.6pp
Current ratio0.66-0.31▼ 0.350.73below the sector's middle half▲ 0.421.30within the sector's middle half▲ 0.57
Return on assets (ROA)55.7%--82.9%▼ 138.5pp26.8%above the sector's middle half▲ 109.7pp33.3%above the sector's middle half▲ 6.5pp
above within below the middle half of NACE 90, Arts creation and performing arts activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €54,289
Fixed assets €19,404 ▲ 2.7%
Current assets €34,885 ▲ 40.3%
Equity and liabilities €54,289
Equity €17,369
Debt €36,920
Debt finances 68.0% of the balance-sheet total.
Key figures and ratios
2021 value · change against 2020
EBITDA
€28,548▲
2020 · €20,247
Cash flow
€27,534▲
2020 · €19,284
Debt to equity
2.13
ROE
104.2%
Interest coverage
28.15▲
2020 · 21.02
Debt ≤ 1 year
€26,784▼
2020 · €33,887
Debt > 1 year
€10,136▼
2020 · €10,596
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 38 lines
Balance sheet Code20202021
Assets
Total assets20/58€43,759€54,289▲
Fixed assets21/28€18,903€19,404▲
Tangible fixed assets22/27€18,903€19,404▲
Furniture and vehicles24€18,903€19,404▲
Current assets29/58€24,856€34,885▲
Amounts receivable within one year40/41€12,928€11,488▼
Trade receivables40€12,928€11,488▼
Cash at bank and in hand54/58€11,928€23,397▲
Equity and liabilities
Total equity and liabilities10/49€43,759€54,289▲
Equity10/15-€724€17,369▲
Contributions10/11€12,400€12,400=
Reserves13-€1,860
Non-distributable reserves130/1-€1,860
Reserves not available under the articles1311-€1,860
Profit (loss) carried forward14-€13,124€3,109▲
Amounts payable17/49€44,483€36,920▼
Amounts payable after more than one year17€10,596€10,136▼
Financial debts170/4€10,596€10,136▼
Amounts payable within one year42/48€33,887€26,784▼
Current portion of amounts payable after more than one year42€3,204€3,275▲
Trade debts44€8,559€2,699▼
Suppliers440/4€8,559€2,699▼
Taxes, remuneration and social security45€8,386€14,532▲
Taxes450/3€8,386€14,532▲
Other amounts payable47/48€13,738€6,278▼
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,544€9,442▲
Other operating charges640/8€187€1,264▲
Gross operating margin9900€20,434€29,812▲
Operating profit (loss)9901€12,703€19,106▲
Financial charges65/66B€963€1,014▲
Recurring financial charges65€963€1,014▲
Profit (loss) for the period before taxes9903€11,740€18,092▲
Profit (loss) for the period9904€11,740€18,092▲
Profit (loss) for the period to be appropriated9905€11,740€18,092▲
Appropriation of the result
Profit (loss) to be appropriated9906-€13,124€4,969▲
Profit (loss) brought forward from the previous period14P-€24,864-€13,123▲
Transfer to equity691/2-€1,860
To the legal reserve6920-€1,860

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,416€1,786€7,544€9,442▲ 25.2%
Other operating charges640/8--€187€1,264▲ 576%
Gross operating margin9900€12,682-€4,250€20,434€29,812▲ 45.9%
Operating profit (loss)9901€10,973-€6,922€12,703€19,106▲ 50.4%
Financial charges65/66B--€963€1,014▲ 5.3%
Recurring financial charges65€735€350€963€1,014▲ 5.3%
Profit (loss) for the period before taxes9903€10,239-€7,272€11,740€18,092▲ 54.1%
Profit (loss) for the period9904€10,239-€7,272€11,740€18,092▲ 54.1%
Profit (loss) for the period to be appropriated9905€10,239-€7,272€11,740€18,092▲ 54.1%
Line2018201920202021Change
Assets
Total assets20/58€18,393€8,775€43,759€54,289▲ 24.1%
Fixed assets21/28€2,832€2,156€18,903€19,404▲ 2.7%
Tangible fixed assets22/27€2,832€2,156€18,903€19,404▲ 2.7%
Furniture and vehicles24--€18,903€19,404▲ 2.7%
Current assets29/58€15,561€6,619€24,856€34,885▲ 40.3%
Amounts receivable within one year40/41€2,054€3,554€12,928€11,488▼ 11.1%
Trade receivables40--€12,928€11,488▼ 11.1%
Cash at bank and in hand54/58€13,507€3,065€11,928€23,397▲ 96.2%
Equity and liabilities
Total equity and liabilities10/49€18,393€8,775€43,759€54,289▲ 24.1%
Equity10/15-€5,192-€12,464-€724€17,369-
Contributions10/11€12,400€12,400€12,400€12,400=
Reserves13---€1,860-
Non-distributable reserves130/1---€1,860-
Reserves not available under the articles1311---€1,860-
Profit (loss) carried forward14-€17,592-€24,864-€13,124€3,109-
Amounts payable17/49€23,585€21,239€44,483€36,920▼ 17.0%
Amounts payable after more than one year17--€10,596€10,136▼ 4.3%
Financial debts170/4--€10,596€10,136▼ 4.3%
Amounts payable within one year42/48€23,585€21,239€33,887€26,784▼ 21.0%
Current portion of amounts payable after more than one year42--€3,204€3,275▲ 2.2%
Trade debts44€12,054€6,518€8,559€2,699▼ 68.5%
Suppliers440/4--€8,559€2,699▼ 68.5%
Taxes, remuneration and social security45--€8,386€14,532▲ 73.3%
Taxes450/3--€8,386€14,532▲ 73.3%
Other amounts payable47/48--€13,738€6,278▼ 54.3%
Line2018201920202021Change
Profit (loss) for the period9904€10,239-€7,272€11,740€18,092▲ 54.1%
+ Depreciation and write-downs630€1,416€1,786€7,544€9,442▲ 25.2%
Operating cash flow (approximation)€11,655-€5,486€19,284€27,534▲ 42.8%
Investment in fixed assets (approximation)--€1,110-€24,291-€9,943▲ 59.1%
Change in cash--€10,442€8,863€11,469▲ 29.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference
31-12-2021 full format 22-05-2023 2023-00090956
31-12-2020 full format 22-05-2023 2023-00090864
31-12-2019 micro format 12-11-2020 2020-69900543
31-12-2018 micro format 11-09-2019 2019-64600293
31-12-2017 micro format 28-08-2019 2019-58600028
31-12-2016 micro format 05-07-2017 2017-27800315
31-12-2015 full format 30-06-2016 2016-27200397
31-12-2013 full format 03-03-2015 2015-05500391
31-12-2009 full format 27-08-2010 2010-51300575
31-12-2008 full format 05-05-2010 2010-11100587

Show all 12 filings

Similar companies · same sector, comparable size

Of the 362 active companies whose main activity is arts creation and performing arts activities (NACE 90311), figures are known for 155. 74 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 1 of 3 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

1 owner

Owners 1

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

No directors read yet: 1 of 3 Gazette acts processed.

History

SONARSTUDIOS was incorporated on 19 August 2003.1 The registered office was moved to Tournai in 2023.2 Total assets rose from €18,393 in 2018 to €54,289 in 2021.3 The KBO register records an open bankruptcy for the company, without a start date.1

  1. 1KBO register
  2. 2Belgian Official Gazette, 26-10-2023
  3. 3National Bank, annual accounts 2018 and 2021

Acts, filings and financial milestones

2023
26-10
Gazette deed Registered office
Registered-office move · Director in office3 facts ▸
  • General meeting, 17-07-2023
  • Registered-office move, Chaussée de Lille 324/0.4 7500 Tournai
  • Director in office, De Bast Vincent (administrateur gérant)
22-05
NBB filing Annual accounts filed
financial year 2021 · full format · 295 days late
22-05
NBB filing Annual accounts filed
financial year 2020 · full format · 660 days late
2021
31-12
Financial Highest result from 2018 to 2021net €18,092 ▲54.1%
Operating result €19,106, net result €18,092, both a record.
2020
31-12
Financial Back to profitnet €11,740
Net result €11,740 after one loss-making year.
12-11
NBB filing Annual accounts filed
financial year 2019 · micro format · 104 days late
2019
31-12
Financial Weakest financial yearnet -€7,272
Net result drops to -€7,272, the lowest in the series.
11-09
NBB filing Annual accounts filed
financial year 2018 · micro format · 42 days late
28-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 393 days late
2017
05-07
NBB filing Annual accounts filed
financial year 2016 · micro format
2016
30-06
NBB filing Annual accounts filed
financial year 2015 · full format
2015
03-03
NBB filing Annual accounts filed
financial year 2013 · full format · 215 days late
2010
27-08
NBB filing Annual accounts filed
financial year 2009 · full format · 27 days late
05-05
NBB filing Annual accounts filed
financial year 2008 · full format · 278 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 12 annual accounts filed, the latest 10 are here; all 12 are under Financials.
1 of 3 deeds read
About the unread acts

Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Opening faillissement

SONARSTUDIOS is in the KBO register with the legal situation: opening faillissement.

Legal situation
Opening faillissement
Last annual accounts
financial year to 31 December 2021
Legal form
Private limited company (pre-2019)
Active since
19 August 2003
Official KBO record

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded19-08-2003
Financial year end31-12
Activities, NACEBEL 2025
90311Arts creation and performing arts activities
59202Motion picture, video and television programme production, sound recording and music publishing activities
90201Performing arts by independent artists
90393Specialised image, lighting and sound technical services
93299Other amusement and recreation activities
Contact
E-mail debastvincent@gmail.comBrussel
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 31 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2003
registered office establishment The establishment unit on the map
Ground area
781 m²
Building footprint
713 m²
Building volume
17,513 m³
2 parcels, Brussels, Wallonia · tallest building 34.5 m. Linked by address, not a title deed.
1 establishment unit
SonarStudios sprlu
Robert Schumanplein 2-4, 1040 BrusselPrinting and reproduction of recorded media
since 2003unit no. 2.302.131.088
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Cadastral parcel Region Area Buildings Height / floors
21806F0477/00N017 Brussels 685 m² 1 · 663 m² 34.5 m · 9
57463L0410/00C000 Wallonia 97 m² 1 · 50 m² 10.6 m · 3
How the parcels are linked
Good to know
Both parcels match the address exactly.