Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
-
Two loss years in a row NBB
Negative result in 2021 and 2022.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2022; threshold 65 %.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
Music Electronics from Lokeren, company number BE0423973934, closed financial year 2022 with a result of € -50,611 after tax. For that financial year Music Electronics recorded a gross margin of € -32,516 and equity of € -370,163. Compared with financial year 2021, the result moved from € -22,420 to € -50,611. 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 August 30, 2023.
€ -370,163
▼ € 50,611 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -50,611
▼ 126 % more loss than in 2021
Profit after tax over the fiscal year.
€ 26,156
▼ 8% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -419,741.
People and assets in 2022
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2022
None
No bank loans on the last day of the fiscal year.
€ 51,085
▼ 7% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 3,285
▼ 68% vs 2021
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € -6,175 | € -32,516 | ▼ € 26,341 |
| Profit after taxes | € -22,420 | € -50,611 | ▼ € 28,190 |
| Equity | € -319,552 | € -370,163 | ▼ € 50,611 |
| Total debts | € 571,133 | € 583,024 | ▲ 2% |
| Cash | € 28,440 | € 26,156 | ▼ 8% |
| Retained profit | € -369,131 | € -419,741 | ▼ € 50,611 |
| Balance sheet total | € 251,581 | € 212,861 | ▼ 15% |
Key figures of Music Electronics, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to Music Electronics?
What happened at Music Electronics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Music Electronics is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: loss of € 50,611. filed late Source: NBB ↗
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,420 loss in 2021 to € 50,611 loss in 2022.
Paid € 441 in corporate taxes since 2021.
Management
Behind Music Electronics is Hervé Van De Velde.
Directors
According to the 2022 annual accounts
Hervé Van De Velde
Director
Establishments
Establishment units
Physical locations of this company
Klokkengieterijstraat 21
9160 Lokeren
Sterrestraat 16
9160 Lokeren
Active since 10 October 1983
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0423.973.934
- VAT number
- BE 0423.973.934
- Registered office
- Klokkengieterijstraat 21, 9160 Lokeren
- Names & denominations
- Music Electronics
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 26 September 1983
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
Groothandel in andere consumentenartikelen, neg
Overige groothandel in consumentenartikelen, n.e.g.
Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur
Detailhandel in ICT-apparatuur
Gespecialiseerde detailhandel in kantoormachines en -meubelen, computers en standaardprogrammatuur en telecommunicatieapparatuur
Detailhandel in computers, randapparatuur en software in gespecialiseerde winkels