Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
A E P MUSIC from Elsene, company number BE0411101539, closed financial year 2025 with a result of € -1,110 after tax. For that financial year A E P MUSIC recorded a gross margin of € -1,030 and equity of € -1,466. Compared with financial year 2024, the result moved from € -1,272 to € -1,110. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ -1,466
▼ € 1,110 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,110
▲ 13 % less loss than in 2024
Profit after tax over the fiscal year.
€ 419
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -85,750.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,568
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,724 | € -1,684 | € -1,118 | € -1,030 | ▲ € 88 |
| Profit after taxes | € 1,145 | € -2,667 | € -1,272 | € -1,110 | ▲ € 162 |
| Equity | € 3,583 | € 916 | € -356 | € -1,466 | ▼ € 1,110 |
| Total debts | € 63,056 | € 61,816 | € 63,184 | € 63,561 | ▲ 1% |
| Cash | € 3,011 | - | - | € 419 | |
| Retained profit | € -80,701 | € -83,368 | € -84,640 | € -85,750 | ▼ € 1,110 |
| Balance sheet total | € 66,639 | € 62,732 | € 62,828 | € 62,095 | ▼ 1% |
Key figures of A E P MUSIC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to A E P MUSIC?
What happened at A E P MUSIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,110. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Elsene. KBO
In short
From € 1,145 profit in 2022 to € 1,110 loss in 2025.
Best year ever: 2022, with € 1,145 profit.
Management
Behind A E P MUSIC are ETIENNE KAIVEZ and ALAIN WILPUTTE.
Directors
According to the 2025 annual accounts
ETIENNE KAIVEZ
Director
ALAIN WILPUTTE
Managing director
Establishments
Establishment units
Physical locations of this company
Waaglaan 18 box 1
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0411.101.539
- VAT number
- BE 0411.101.539
- Registered office
- Waaglaan 18 bus 1, 1050 Elsene
- Names & denominations
- A E P MUSIC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 September 1971
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Uitzenden van radioprogramma’s en distributie van audio
Productie en uitzending van radioprogramma's
Productie van televisieprogramma's