Age42 yrs
Real estate2 parcels · 1,786 m²
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for Music Electronics according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-370k) and a net result of €-51k.
Based on the State Gazette, CBE and 5 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events06-03-2026
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Trust signals
2 signalsKBO register: special legal situation
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-51k-125.7%
Working capital€-373k-15.3%
Directors1
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 30-08-2023 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -173.9% | 25.1% | |
| Net result | €-51k | €4k | |
| Equity | €-370k | €21k | |
| Gross operating margin | €-33k | €18k | |
| Total assets | €213k | €106k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P5
Stable position over 2020-2022
· n=912-2364
P6
Stable position over 2020-2022
· n=909-2365
P5
Stable position over 2020-2022
· n=915-2371
P5
Stable position over 2020-2022
· n=907-2357
Describes the position versus peers, not a forecast.
€-49k
-135.5%
far below sector median
€-51k
-125.7%
far below sector median
€-50k
-129.1%
far below sector median
€213k
-15.4%
-92% vs sector
€-370k
-15.8%
far below sector median
€-373k
-15.3%
far below sector median
1
-
-90% vs sector
€0
-
-100% vs sector
€295
+101.5%
-99% vs sector
€583k
+2.1%
-45% vs sector
€583k
+2.1%
-45% vs sector
0.36
-17.0%
-75% vs sector
0.09
-30.3%
-93% vs sector
-173.9%
-36.9%
far below sector median
-1.58
+11.9%
far below sector median
13.7%
+94.9%
-6% vs sector
-23.8%
-166.8%
far below sector median
-57.70
-184.8%
far below sector median
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Revenue | - |
| EBITDA | €-49k |
| Net profit | €-51k |
| Cash flow | €-50k |
| Staff costs | - |
| Income taxes | €295 |
| Dividends | - |
| Total assets | €213k |
| Equity | €-370k |
| Debt | €583k |
| of which ≤ 1y | €583k |
| of which > 1y | - |
| Working capital | €-373k |
| Employees (FTE) | - |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 0.36 |
| Quick ratio | 0.09 |
| Working capital ratio | -175.4% |
| Solvency | -173.9% |
| Debt / equity | -1.58 |
| Long-term debt ratio | - |
| Interest coverage | -57.70 |
| Gross margin | - |
| Net margin | - |
| ROA | -23.8% |
| ROE | 13.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €213k |
| Fixed assets | 21/28 | €3k |
| Tangible fixed assets | 22/27 | €3k |
| Current assets | 29/58 | €210k |
| Stocks & contracts in progress | 3 | €160k |
| Amounts receivable within one year | 40/41 | €21k |
| Cash & bank | 54/58 | €26k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €213k |
| Equity | 10/15 | €-370k |
| Contributions / capital | 10/11 | €50k |
| Reserves | 13 | €5k |
| Accumulated profits (losses) | 14 | €-425k |
| Amounts payable | 17/49 | €583k |
| Amounts payable within one year | 42/48 | €583k |
| Trade debts payable within one year | 44 | €51k |
| Income statement | ||
| Gross operating margin | 9900 | €-33k |
| Operating result | 9901 | €-50k |
| Financial income | 75 | €94 |
| Financial charges | 65 | €842 |
| Result before taxes | 9903 | €-50k |
| Income taxes | 67/77 | €295 |
| Net result for the period | 9904 | €-51k |
| Result to be appropriated | 9905 | €-51k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2022 · computed0
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
No directors on record
No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | BJÖRN GOESSENS CENTRUMLAAN 175, 9400 NINOVE- |
02-03-2026 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Groothandel in andere consumentenartikelen, neg(46499) |
| Legal form | Private limited company(610) |
| Incorporation | 26-09-1983 |
| Status | Active |
| Postal code | 9160 |
| First BS signal | 06-03-2026 |
| Latest BS signal | 06-03-2026 |
Structure & network
Company structure: linked entities
1 linked entityMandates
↔
1
of these mandate-holders are active on other cases, click any red card to open that KBO.
Locations & real estate
Establishment units
1 locationMUSIC ELECTRONICS
since 19832.023.057.338
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1,786 m²
Buildings2
Building footprint707 m²
Volume (LiDAR)4,080 m³
Tallest building11.3 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B0355/02C002 | Flanders | 1,500 m² | 1 · 422 m² | 9.0 m · 2 fl. |
| 46384E1761/00L000 | Flanders | 285 m² | 1 · 285 m² | 11.3 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette06-03-2026
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette · acts
No structured acts for this company yet
That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.
Analysis
Snowflake analysis
financial profile on 5 axes32
/ 100
Fragile profile, watch health in particular.
Health
0
Profitability
68
Solvency
33
Growth
58
Stability
0
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Credit advice
verdict per customer and amountSimilar
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Same sector, nearest firstCompany registry
Company registry (CBE)
Crossroads BankActivities
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Primary activity highlighted.
Names & trade names
| Legal nameNL | Music Electronics |
Registered office
Klokkengieterijstraat 21
9160 Lokeren, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.