ForestMusic
ActiveForestMusic has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k and a net result of €-1k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 77% of 1970 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency74▼-1
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.91 in 2024), and 21.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
78.3%
Return on assets
-2.7%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
on the day
2023
28 d early
2022
23 d early
2021
3 d early
2020
51 d late
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▼ 3.3%
2024 · €35k
2018: €14k
2019: €14k
2020: €24k
2021: €33k
2022: €31k
2023: €43k
2024: €35k
2018 → 2025
Total assets
€44k▼ 21.4%
2024 · €56k
2018: €24k
2019: €22k
2020: €48k
2021: €39k
2022: €37k
2023: €50k
2024: €56k
2018 → 2025
Net result
€-1k▲ 84.2%
2024 · €-7k
2018: €-1k
2019: €531
2020: €10k
2021: €9k
2022: €-1k
2023: €11k
2024: €-7k
2018 → 2025
Working capital
€-1k▲ 9.5%
2024 · €-1k
2018: €10k
2019: €9k
2020: €33k
2021: €17k
2022: €14k
2023: €16k
2024: €-1k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€31k▼ 4.4%€43k▲ 36.5%€35k▼ 17.2%€34k▼ 3.3%
Operating result€10k-€-1k€16k€-9k€-64▲ 99.3%
Net result€9k-€-1k€11k€-7k€-1k▲ 84.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €64 in 2025 against €9k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44k
Fixed assets
€38k▼ 6.2%
Current assets
€6k▼ 61.1%
Equity and liabilities €44k
Equity
€34k▼ 3.3%
Debt
€9k▼ 53.1%
The debt ratio falls from 36.4% to 21.7%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€12k▲
2024 · €375
Cash flow
€11k▲
2024 · €2k
Solvency
78.3%▲
2024 · 63.6%
Current ratio
0.82▼
2024 · 0.91
Quick ratio
0.82▼
2024 · 0.91
Debt / equity
0.28▼
2024 · 0.57
ROE
-3.4%▲
2024 · -20.8%
ROA
-2.7%▲
2024 · -13.2%
Interest coverage
10.20▲
2024 · 0.30
Debt
€9k▼
2024 · €20k
Debt ≤ 1 year
€7k▼
2024 · €17k
Debt > 1 year
€2k▼
2024 · €3k
Income taxes
€-102▼
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€56k€44k▼
Fixed assets21/28€40k€38k▼
Tangible fixed assets22/27€40k€38k▼
Land and buildings22€26k€23k▼
Plant, machinery and equipment23€11k€11k▲
Furniture and vehicles24€4k€4k▲
Current assets29/58€15k€6k▼
Amounts receivable after more than one year29€9k€0▼
Trade receivables290€9k€0▼
Amounts receivable within one year40/41€3k€795▼
Trade receivables40€3k€795▼
Other amounts receivable41€374€0▼
Cash at bank and in hand54/58€1k€5k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€56k€44k▼
Equity10/15€35k€34k▼
Contributions10/11€20k€20k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k-
Reserves not available under the articles1311€1k-
Distributable reserves133-€1k
Profit (loss) carried forward14€14k€13k▼
Amounts payable17/49€20k€9k▼
Amounts payable after more than one year17€3k€2k▼
Financial debts170/4€3k€2k▼
Amounts payable within one year42/48€17k€7k▼
Current portion of amounts payable after more than one year42€6k€5k▼
Financial debts43-€894
Credit institutions430/8-€894
Trade debts44€7k€86▼
Suppliers440/4€7k€86▼
Taxes, remuneration and social security45€5k-
Taxes450/3€5k-
Other amounts payable47/48-€987
Accrued charges and deferred income492/3€58€348▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€12k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€2k€13k▲
Operating profit (loss)9901€-9k€-64▲
Financial income75/76B€3k€1▼
Recurring financial income75€10€1▼
Non-recurring financial income76B€3k-
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-7k€-1k▲
Income taxes67/77€0€-102▼
Profit (loss) for the period9904€-7k€-1k▲
Profit (loss) for the period to be appropriated9905€-7k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€13k▼
Profit (loss) brought forward from the previous period14P€22k€14k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-7k ▼164%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 51 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 4.98
Current ratio from 2.25 to 4.98.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €531
Net result €531 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Aarschot · 1 establishment unit since 2014
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.
Oudenbos 283202 AarschotGround area
1,066 m²
Building footprint
127 m²
Volume, LiDAR
785 m³
Parcel 24092E0102/00M000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ForestMusic
since 20142.232.096.890
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24092E0102/00M000 | Flanders | 1,066 m² | 1 · 127 m² | 10.4 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 75 EUR awarded · 75 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 75 EUR | 75 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
BITCULTURE
BE 0846.195.633
Hasselt · Eq €34k
CREVETTE RECORDS
BE 0651.918.786
Brussel · Eq €34k
DIEU MEDIA
BE 0792.755.759
Ottignies-Louvain-la-Neuve · Eq €33k
ANGEL'S ART
BE 0881.443.552
Chaudfontaine · Eq €35k
D-SOUND
BE 0770.697.365
Lille · Eq €33k
Of 8,289 companies in sector 90201 we hold annual accounts for 602. 466 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-2014
Fiscal year end31-12
Activities, NACEBEL
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.