THE MUSIC CENTRAL
A bankruptcy procedure is open for THE MUSIC CENTRAL according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €13k and a net result of €-82k.
| Equity | €13k |
| Net result | €-82k |
| Better than sector | 57% |
| Active | 2 yrs |
Fragile profile, watch health in particular.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 20.7% | 14.4% | |
| Net result | €-82k | €0 | |
| Equity | €13k | €109k | |
| Gross operating margin | €-73k | €51k | |
| Total assets | €61k | €1.50M |
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-80k |
| Net profit | €-82k |
| Cash flow | €-81k |
| Staff costs | - |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €61k |
| Equity | €13k |
| Debt | €48k |
| of which ≤ 1y | €48k |
| of which > 1y | - |
| Working capital | €-42k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.14 |
| Quick ratio | 0.14 |
| Working capital ratio | -68.1% |
| Solvency | 20.7% |
| Debt / equity | 3.83 |
| Long-term debt ratio | - |
| Interest coverage | -236.09 |
| Gross margin | - |
| Net margin | - |
| ROA | -134.8% |
| ROE | -651.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (20 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €61k |
| Fixed assets | 21/28 | €54k |
| Tangible fixed assets | 22/27 | €54k |
| Current assets | 29/58 | €7k |
| Amounts receivable within one year | 40/41 | €2k |
| Cash & bank | 54/58 | €942 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €61k |
| Equity | 10/15 | €13k |
| Contributions / capital | 10/11 | €95k |
| Accumulated profits (losses) | 14 | €-82k |
| Amounts payable | 17/49 | €48k |
| Amounts payable within one year | 42/48 | €48k |
| Trade debts payable within one year | 44 | €12k |
| Income statement | ||
| Gross operating margin | 9900 | €-73k |
| Operating result | 9901 | €-82k |
| Financial charges | 65 | €340 |
| Result before taxes | 9903 | €-82k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €-82k |
| Result to be appropriated | 9905 | €-82k |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | MICHAEL WARSON HAVERMARKT 22, 3500 HASSELT- |
22-07-2026 → present | Belgian State Gazette |
| Curator | TOM RENCKENS HAVERMARKT 22,
3500 HASSELT |
22-07-2026 → present | Belgian State Gazette |
| NACE primary | Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen(68203) |
| Legal form | Private limited company(610) |
| Incorporation | 23-02-2024 |
| Status | Active |
| Postal code | 3500 |
| First BS signal | 03-08-2026 |
| Latest BS signal | 03-08-2026 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0280/00P003 | Flanders | 434 m² | 1 · 169 m² | 16.0 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
22-04-2024 Capital increase to €42,500
- Inbreng in geld · Apport en numéraire
Technical details
{
"events": [
{
"kind": "capital_increase",
"after_eur": 42500,
"delta_eur": null,
"before_eur": null,
"contribution_type": "geld"
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "1006.375.790",
"name_full": "THE MUSIC CENTRAL"
}
}27-02-2024 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Valerie MAUSSEN",
"firm_city": null,
"firm_name": null,
"office_city": "Beringen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-02-27",
"filing_date": "2024-02-23",
"act_kind_objet": "OPRICHTING"
},
"decision": {
"body": "algemene_vergadering",
"date": "2024-02-23",
"unanimous": null
},
"agm_change": {
"new_schedule": "eerste vrijdag van de maand juni om achttien uur",
"old_schedule": null,
"effective_from_year": null,
"rule_changes_summary": null
},
"detected_kind": "other_address_change",
"other_address": {
"action": "added",
"purpose": "statutaire_zetel",
"address_new": "3500 Hasselt, Gouverneur Verwilghensingel 10",
"address_old": null,
"effective_date": null,
"effective_date_is_approximate": null
},
"mandate_renewal": {
"period_end": null,
"mandate_kind": "bestuurder",
"period_start": null,
"remuneration_eur": null,
"remuneration_kind": null,
"person_or_entity_kbo": null,
"person_or_entity_name": "VANSCHOOREN Wim Jozef"
},
"subject_company": {
"kbo": "1006.375.790",
"name_full": "THE MUSIC CENTRAL",
"legal_form": "BV"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "ABFK BV",
"person_name": null,
"org_rep_person_name": "THONISSEN Wim"
},
"co_filed_documents": [
"expeditie van de akte",
"volmacht administratie"
],
"fiscal_year_change": {
"new_end_mm_dd": "31",
"old_end_mm_dd": null,
"new_start_mm_dd": "01",
"old_start_mm_dd": null,
"first_full_new_year": 2025,
"transition_period_end": "2024-12-31"
},
"liquidation_closure": null,
"officer_designation": {
"role": "bestuurder",
"organ": "bestuursorgaan",
"person_name": "VANSCHOOREN Wim"
},
"special_procuration": {
"grantee_kbo": null,
"grantee_name": "ABFK BV",
"grantor_name": null,
"scope_summary": "Volmacht om alle noodzakelijke inschrijvingen en/of wijzigingen in de kruispuntbank van ondernemingen en bij alle belastingsadministraties te verrichten.",
"monetary_cap_eur": null,
"scope_categories": [
"tax",
"other"
],
"termination_clause": null,
"substitution_allowed": true
},
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}| Legal nameNL | THE MUSIC CENTRAL |