SoundsLikeMusic
Open bankruptcyA bankruptcy procedure is open for SoundsLikeMusic according to publications in the Belgian State Gazette; curator: WALTER DEWEPPE.
Summary
The 2023 annual accounts show equity of €59k and a net result of €6k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-07-2024, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
2 d early
2022
88 d early
2021
19 d early
2020
92 d early
2019
65 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€59k▲ 11.0%
2022 · €54k
2018: €-2k
2019: €21k
2020: €50k
2021: €54k
2022: €54k
2018 → 2023
Total assets
€103k▲ 9.7%
2022 · €94k
2018: €7k
2019: €33k
2020: €103k
2021: €81k
2022: €94k
2018 → 2023
Net result
€6k▲ 17,230%
2022 · €34
2018: €-419
2019: €23k
2020: €54k
2021: €3k
2022: €34
2018 → 2023
Working capital
€50k▲ 19.9%
2022 · €41k
2018: €-6k
2019: €16k
2020: €31k
2021: €27k
2022: €41k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€21k-€50k▲ 139%€54k▲ 6.2%€54k▲ 0.1%€59k▲ 11.0%
Operating result€24k-€62k▲ 162%€6k▼ 89.8%€4k▼ 42.1%€3k▼ 16.9%
Net result€23k-€54k▲ 137%€3k▼ 94.3%€34▼ 98.9%€6k▲ 17,230%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2023 is 17% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €103k
Fixed assets
€14k ▼ 48.0%
Current assets
€89k ▲ 32.5%
Equity and liabilities €103k
Equity
€59k ▲ 11.0%
Debt
€43k ▲ 7.9%
Debt's share of the balance-sheet total falls from 42.9% to 42.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8k▼
2022 · €10k
Cash flow
€11k▲
2022 · €7k
Current ratio
2.25▼
2022 · 2.59
Debt to equity
0.73▼
2022 · 0.75
ROE
9.9%▲
2022 · 0.1%
ROA
5.8%▲
2022 · 0.0%
Interest coverage
3.07▼
2022 · 7.91
Debt ≤ 1 year
€40k▲
2022 · €26k
Debt > 1 year
€4k▼
2022 · €14k
Income taxes
€4k▲
2022 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 53 lines
Balance sheet
Code20222023
Assets
Total assets20/58€94k€103k▲
Fixed assets21/28€27k€14k▼
Tangible fixed assets22/27€24k€11k▼
Furniture and vehicles24€24k€11k▼
Financial fixed assets28€3k€3k=
Current assets29/58€67k€89k▲
Amounts receivable after more than one year29€23k€17k▼
Other amounts receivable291€23k€17k▼
Amounts receivable within one year40/41€41k€69k▲
Trade receivables40€20k€20k▲
Other amounts receivable41€22k€49k▲
Current investments50/53€24-
Cash at bank and in hand54/58€2k€2k▲
Deferred charges and accrued income490/1€973€614▼
Equity and liabilities
Total equity and liabilities10/49€94k€103k▲
Equity10/15€54k€59k▲
Contributions10/11€12k€12k=
Reserves13€34k€47k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€32k€46k▲
Profit (loss) carried forward14€8k-
Amounts payable17/49€40k€43k▲
Amounts payable after more than one year17€14k€4k▼
Financial debts170/4€14k€4k▼
Amounts payable within one year42/48€26k€40k▲
Current portion of amounts payable after more than one year42€8k€5k▼
Financial debts43-€14k
Credit institutions430/8-€14k
Trade debts44€4k€10k▲
Suppliers440/4€4k€10k▲
Taxes, remuneration and social security45€15k€11k▼
Taxes450/3€13k€11k▼
Remuneration and social security454/9€2k-
Accrued charges and deferred income492/3-€49
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€12k€10k▼
Operating profit (loss)9901€4k€3k▼
Financial income75/76B€207€9k▲
Recurring financial income75€207€751▲
Non-recurring financial income76B-€9k
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Non-recurring financial charges66B€33-
Profit (loss) for the period before taxes9903€2k€10k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€34€6k▲
Profit (loss) for the period to be appropriated9905€34€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€13k▲
Profit (loss) brought forward from the previous period14P€7k€8k▲
Transfer to equity691/2-€13k
To other reserves6921-€13k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · SOUNDSLIKEMUSIC BV AARSELEWEG 12/6, 9800 DEINZE · event 15-09-2026
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €54k ▲137%
Operating result €62k, net result €54k, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 2.33
Current ratio from 0.28 to 2.33.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
11-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 11 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
1 establishment unit since 2011
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.
Ground area
643 m²
Building footprint
275 m²
Volume, LiDAR
2,465 m³
Parcel 44069B0722/00R000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SoundsLikeMusic
since 20112.200.957.219
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44069B0722/00R000 | Flanders | 643 m² | 1 · 275 m² | 11.9 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WALTER DEWEPPE KAREL PICQUéLAAN 115,
9800 DEINZE |
15-09-2026 → present |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 570 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 570 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 38,968 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47791Retail sale of antiques
68110Buying and selling of own real estate
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.