PAFFF MUSIC
ActiveSummary
PAFFF MUSIC has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €18k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 61% of 1518 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+93
Solvency85▲+77
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 5.07 against 4.84 in 2024; short-term debt: 16.1% and cash: 40.2% of total assets), and 39.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.1%
Return on assets
86.5%
Age of the figures
9 mo
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 11-07-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
26 d early
2023
19 d early
2022
23 d early
2021
35 d early
2020
21 d early
2019
27 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€76k▲ 219%
2024 · €24k
2018: €3k
2019: €6k
2020: €2k
2021: €584
2022: €14k
2023: €19k
2024: €24k
2018 → 2025
EBIT margin
32.3%▲ 40.5pp
2024 · -8.2%
2018: -53.1%
2019: 26.5%
2020: 15.3%
2021: -225.3%
2022: 75.5%
2023: -13.2%
2024: -8.2%
2018 → 2025
Net result
€18k
2024 · €-2k
2018: €-2k
2019: €2k
2020: €314
2021: €-1k
2022: €10k
2023: €-3k
2024: €-2k
2018 → 2025
Working capital
€14k▼ 45.3%
2024 · €25k
2018: €-11k
2019: €-9k
2020: €-9k
2021: €-10k
2022: €-16
2023: €-3k
2024: €25k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€584-€14k▲ 2,228%€19k▲ 40.8%€24k▲ 23.6%€76k▲ 219%
Equity€-10k-€-16▲ 99.8%€-3k▼ 20,701%€-6k▼ 69.1%€13k
Operating result€-1k-€10k€-3k€-2k▲ 23.0%€24k
Net result€-1k-€10k€-3k€-2k▲ 30.6%€18k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €24k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21k
Fixed assets
€4k ▲ 692%
Current assets
€17k ▼ 45.9%
Equity and liabilities €21k
Equity
€13k
Debt
€8k
Debt finances 39.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€25k▲
2024 · €-2k
Cash flow
€19k▲
2024 · €-2k
Current ratio
5.07▲
2024 · 4.84
Debt to equity
0.66▲
2024 · -6.81
ROE
143.9%
ROA
86.5%▲
2024 · -7.0%
Debt ≤ 1 year
€3k▼
2024 · €7k
Income taxes
€6k▲
2024 · €280
Staff costs
€5k▲
2024 · €1k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€32k€21k▼
Fixed assets21/28€486€4k▲
Intangible fixed assets21-€1k
Tangible fixed assets22/27€486€2k▲
Plant, machinery and equipment23€486-
Furniture and vehicles24-€2k
Current assets29/58€32k€17k▼
Amounts receivable after more than one year29€2k€6k▲
Trade receivables290€2k€5k▲
Other amounts receivable291€417€502▲
Cash at bank and in hand54/58€17k€8k▼
Deferred charges and accrued income490/1€12k€3k▼
Equity and liabilities
Total equity and liabilities10/49€32k€21k▼
Equity10/15€-6k€13k▲
Contributions10/11€2k€2k=
Capital10€2k-
Issued capital100€2k-
Profit (loss) carried forward14€-8k€11k▲
Amounts payable17/49€38k€8k▼
Amounts payable within one year42/48€7k€3k▼
Trade debts44€1k€411▼
Suppliers440/4€1k€411▼
Taxes, remuneration and social security45€55€3k▲
Taxes450/3€55€646▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€6k-
Accrued charges and deferred income492/3€31k€5k▼
Income statement
Code20242025
Turnover70€24k€76k▲
Goods, raw materials, services and sundry goods60/61€24k€45k▲
Remuneration, social security and pensions62€1k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€270€904▲
Other operating charges640/8€206-
Non-recurring operating charges66A-€83
Gross operating margin9900€-235€30k▲
Operating profit (loss)9901€-2k€24k▲
Financial charges65/66B€45-
Recurring financial charges65€45-
Profit (loss) for the period before taxes9903€-2k€24k▲
Income taxes67/77€280€6k▲
Profit (loss) for the period9904€-2k€18k▲
Profit (loss) for the period to be appropriated9905€-2k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€11k▲
Profit (loss) brought forward from the previous period14P€-5k€-8k▼
The notes to these accounts (9 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
20-07
State Gazette act
Incorporation · Founder
Founding capital · Bank account
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 7current ratio 4.84
Current ratio from 0.67 to 4.84; short-term debt falls from €10k to €7k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-3k ▼132%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
04-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Tubize · 1 establishment unit since 2012
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.
Avenue des Coteaux 141480 TubizeGround area
1,425 m²
Building footprint
538 m²
Parcel 25105B0438/00S003, Wallonia. Linked by address, not a title deed.
1 establishment unit
PAFFF MUSIC
since 20122.209.529.346
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105B0438/00S003 | Wallonia | 1,425 m² | 1 · 538 m² | - |
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
Wallonia-Brussels Federation
2023 · 1 entry · 1,200 EUR in total| Year | Entries | paid |
|---|---|---|
| 2023 | 1 | 1,200 EUR |
Budget allocations
Aides ponctuelles dans le domaine des musiques
Similar companies · same sector, comparable size
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Yello Sound
BE 0899.382.020
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Sawt Entreprises
BE 1001.352.873
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SONIC SHELTER
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BIRDIA
BE 0802.979.559
Merelbeke-Melle · Eq €13,211
Of 797 companies in sector 59201 we hold annual accounts for 162. 117 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
Founded17-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
59201Sound recording
90393Specialised image, lighting and sound technical services
90111Literary creation
90120Visual arts creation
90391Promotion and organisation of arts and performing arts events
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.