KEY MUSIC
A bankruptcy procedure is open for KEY MUSIC according to publications in the Belgian State Gazette. The file additionally contains 2 interim measures and 1 judicial reorganisation. The 2021 annual accounts show negative equity (€-136k) and a net result of €-1.57M.
| Equity | €-136k |
| Net result | €-1.57M |
| Staff (FTE) | 48.4 |
| Better than sector | 18% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
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 | -2.0% | 23.6% | |
| Net result | €-1.57M | €15k | |
| Equity | €-136k | €118k | |
| Staff costs | €1.88M | €150k | |
| Employees (FTE) | 48.4 | 5.6 |
Show 14 other metrics
| Fiscal year | 2021 |
|---|---|
| Deposit | volledig |
| Revenue | €16.09M |
| EBITDA | €-1.20M |
| Net profit | €-1.57M |
| Cash flow | €-1.38M |
| Staff costs | €1.88M |
| Income taxes | €894 |
| Dividends | - |
| Total assets | €6.96M |
| Equity | €-136k |
| Debt | €7.10M |
| of which ≤ 1y | €6.36M |
| of which > 1y | €742k |
| Working capital | €-446k |
| Employees (FTE) | 48.4 |
| 2021 | |
|---|---|
| Current ratio | 0.93 |
| Quick ratio | 0.40 |
| Working capital ratio | -6.4% |
| Solvency | -2.0% |
| Debt / equity | -52.24 |
| Long-term debt ratio | -5.46 |
| Interest coverage | -194.75 |
| Gross margin | 21.5% |
| Net margin | -9.7% |
| ROA | -22.5% |
| ROE | 1153.4% |
| EBITDA margin | -7.5% |
| Days sales outstanding | 12d |
| Days payable outstanding | 77d |
| Inventory turnover | 3.74 |
| Days inventory (DSI) | 98d |
Full annual accounts (26 line items)
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €6.96M |
| Fixed assets | 21/28 | €1.05M |
| Intangible fixed assets | 21 | €365k |
| Tangible fixed assets | 22/27 | €670k |
| Financial fixed assets | 28 | €16k |
| Current assets | 29/58 | €5.91M |
| Stocks & contracts in progress | 3 | €3.38M |
| Amounts receivable within one year | 40/41 | €2.43M |
| Cash & bank | 54/58 | €93k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.96M |
| Equity | 10/15 | €-136k |
| Contributions / capital | 10/11 | €101k |
| Reserves | 13 | €1.33M |
| Accumulated profits (losses) | 14 | €-1.57M |
| Amounts payable | 17/49 | €7.10M |
| Amounts payable after one year | 17 | €742k |
| Amounts payable within one year | 42/48 | €6.36M |
| Trade debts payable within one year | 44 | €2.67M |
| Income statement | ||
| Turnover | 70 | €16.09M |
| Operating result | 9901 | €-1.39M |
| Financial income | 75 | €104k |
| Financial charges | 65 | €130k |
| Result before taxes | 9903 | €-1.57M |
| Income taxes | 67/77 | €894 |
| Net result for the period | 9904 | €-1.57M |
| Result to be appropriated | 9905 | €-1.57M |
-
Hubertus Leonardus Everardus María 't HoenDirectorState Gazette act 22067285 (03-06-2022)Current03-06-2022 → present
-
Frederick GeldhofBijzondere lasthebberState Gazette act 20146842 (09-12-2020)Current09-12-2020 → present
-
Jan van LoonBijzondere lasthebberState Gazette act 20146842 (09-12-2020)Current09-12-2020 → present
-
Steven De SchrijverBijzondere lasthebberState Gazette act 20146842 (09-12-2020)Current09-12-2020 → present
Historic, not recently confirmed (6)
-
Wybrand KortmannDirectorState Gazette act 20032830 (28-02-2020)Not recently confirmedlast confirmed in an act from 2020
-
Inez VermeeschBijzondere lasthebberState Gazette act 19125227 (19-09-2019)Not recently confirmedlast confirmed in an act from 2019
-
Seppe LaenenBijzondere lasthebberState Gazette act 19125227 (19-09-2019)Not recently confirmedlast confirmed in an act from 2019
-
Johannes Gerardus Aloysius Maria 't HoenDirectorState Gazette act 19106175 (05-08-2019)Not recently confirmedlast confirmed in an act from 2019
-
Petrus Henricus Antonius Maria SmitsDirectorState Gazette act 19106175 (05-08-2019)Not recently confirmedlast confirmed in an act from 2019
-
Nicolaas 'Niels' WillemsDirectorState Gazette act 16113865 (11-08-2016)Not recently confirmedlast confirmed in an act from 2016
Permanent representatives (2)
-
Bart RooseVaste vertegenwoordiger commissarisState Gazette act 16001266 (05-01-2016)Permanent representative05-01-2016 → present
-
Guy De VooghtVaste vertegenwoordiger commissarisState Gazette act 16001266 (05-01-2016)Permanent representative- → 05-01-2016
Former directors (8)
-
Petrus SmitsDirectorState Gazette act 20032830 (28-02-2020)Former- → 28-02-2020
-
Zingerszangers International B.V.DirectorState Gazette act 19125227 (19-09-2019)Former- → 19-09-2019
-
Frank DedeyneDirectorState Gazette act 19106175 (05-08-2019)Former- → 05-08-2019
2 events
- 05-08-2019 Resigned· Director
- 05-08-2019 Resigned· Managing director
-
Dirk ROGGEMANDirectorState Gazette act 19031302 (04-03-2019)Former04-03-2019 → 17-04-2019
2 events
- 17-04-2019 Resigned· Director
- 04-03-2019 Appointed· Director
-
Alain BiebuyckDirectorState Gazette act 18152641 (17-10-2018)Former17-10-2018 → 04-03-2019
2 events
- 04-03-2019 Resigned· Director
- 17-10-2018 Appointed· Director
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Bart Roose Statutory auditor |
- | 28-02-2020 → 28-02-2020 |
Show 1 earlier auditors
| Roose Bart Statutory auditor succeeded by Bart Roose in 2020 |
- | 27-07-2017 → 28-02-2020 |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | PETER VERCRAEYE BRITSELEI 76, 2000 ANTWERPEN 1- |
28-09-2022 → present | Belgian State Gazette |
| NACE primary | Detailhandel in cultuur- en recreatieartikelen, neg(47690) |
| Legal form | Public limited company(014) |
| Incorporation | 20-05-1992 |
| Status | Active |
| Postal code | 2000 |
| First BS signal | 05-07-2019 |
| Latest BS signal | 05-10-2022 |
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. |
|---|---|---|---|---|
| 46025B0408/00C000 | Flanders | 8,020 m² | 1 · 5,099 m² | 10.8 m · 3 fl. |
| 11807G0157/14_000 | Flanders | 592 m² | 1 · 592 m² | 23.5 m · 3 fl. |
| 21809K0064/00K004 | Brussels | 477 m² | 1 · 176 m² | 20.6 m · 7 fl. |
| 44804D3670/00B003 | Flanders | 415 m² | 1 · 351 m² | 26.0 m · 8 fl. |
| 21809K0066/00Y000 | Brussels | 239 m² | - | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 3 further earlier events in this file, covering 05-07-2019 to 28-09-2022.
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
03-06-2022 Hubertus Leonardus Everardus María 't Hoen appointed as director
- Hubertus Leonardus Everardus María 't Hoen, Bestuurder
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}07-04-2021 Registered office moved within Antwerpen
- Zand 6-0 te 2000 Antwerpen → Kempischdok-Westkaai 101 te 2000 Antwerpen
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}09-12-2020 3 directors appointed
- Steven De Schrijver, Bijzondere lasthebber
- Frederick Geldhof, Bijzondere lasthebber
- Jan van Loon, Bijzondere lasthebber
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}28-02-2020 2 directors appointed, 1 resigning
- Wybrand Kortmann, Bestuurder
- Bart Roose, Commissaris
- Petrus Smits, Bestuurder
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}19-09-2019 2 directors appointed, 1 resigning
- Seppe Laenen, Bijzondere lasthebber
- Inez Vermeesch, Bijzondere lasthebber
- Zingerszangers International B.V., Bestuurder
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}05-08-2019 2 directors appointed, 2 resigning
- Petrus Henricus Antonius Maria Smits, Bestuurder
- Johannes Gerardus Aloysius Maria 't Hoen, Bestuurder
- Frank Dedeyne, Bestuurder
- Frank Dedeyne, Gedelegeerd bestuurder
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}17-04-2019 Dirk Roggeman resigns as director
- Dirk Roggeman, Bestuurder
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}04-03-2019 1 director appointed, 1 resigning
- Dirk ROGGEMAN, Bestuurder
- Alain BIEBUYCK, Bestuurder
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}17-10-2018 1 director appointed, 1 resigning
- Alain Biebuyck, Bestuurder
- Nicolaas Wilems, Bestuurder
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}27-07-2017 Roose Bart appointed as statutory auditor
- Roose Bart, Commissaris
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}11-08-2016 1 director appointed, 2 resigning
- Nicolaas 'Niels' Willems, Bestuurder
- Karel A. Landman, Bestuurder
- Yannic Van Cauwenberghe, Bestuurder
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}05-01-2016 1 director appointed, 1 resigning
- Bart Roose, Vaste vertegenwoordiger commissaris
- Guy De Vooght, Vaste vertegenwoordiger commissaris
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}| Legal nameNL | KEY MUSIC |