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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
CHAPELLE MUSICALE from Waterloo, company number BE0427107331, closed financial year 2025 with a result of € -704,352 after tax. For that financial year CHAPELLE MUSICALE recorded a gross margin of € 44,665 and equity of € 10.5 million. Compared with financial year 2024, the result moved from € -681,156 to € -704,352. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 26, 2026.
€ 10.5 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -704,352
▼ 3 % more loss than in 2024
Profit after tax over the fiscal year.
€ 55,260
▲ € 42,049 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8.9 million.
People and assets in 2025
5.6
▲ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 293,046
▲ 120% vs 2024
€ 52,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 244,346
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 400,000
Loans from banks and other lenders, long and short.
€ 148,765
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,943
▲ 189% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 127,253 | € 180,443 | € 56,728 | € 44,665 | ▼ 21% |
| Profit after taxes | € -914,845 | € -445,694 | € -681,156 | € -704,352 | ▼ € 23,196 |
| Equity | € 7,177,375 | € 11,219,988 | € 11,227,138 | € 10,511,092 | ▼ 6% |
| Total debts | € 5,534,735 | € 1,331,425 | € 1,016,619 | € 1,073,652 | ▲ 6% |
| Cash | € 52,775 | € 27,191 | € 13,211 | € 55,260 | ▲ € 42,049 |
| Land & buildings | € 10,093,399 | € 9,617,608 | € 9,073,872 | € 8,633,840 | ▼ 5% |
| Retained profit | € -7,050,233 | € -7,495,927 | € -8,177,084 | € -8,881,436 | ▼ € 704,352 |
| Bank debt | € 3,000,000 | € 950,000 | € 400,000 | € 400,000 | |
| Balance sheet total | € 12,712,110 | € 12,551,413 | € 12,243,757 | € 11,584,744 | ▼ 5% |
| Employees (FTE) | 2.4 | 3 | 3 | 5.6 | ▲ 2.6 |
Key figures of CHAPELLE MUSICALE, 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 CHAPELLE MUSICALE?
What happened at CHAPELLE MUSICALE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tanguy Stuckens stepped down as director. NBB
- Vanessa Lippens stepped down as director. NBB
- Sylvia Goldschmidt stepped down as director. NBB
- Johan Beerlandt stepped down as director. NBB
- Michel Delbaere stepped down as director. NBB
- Jeannine Windey stepped down as director. NBB
- Pierre Boucher stepped down as director. NBB
- Marie Kluyskens stepped down as director. NBB
In short
From € 914,845 loss in 2022 to € 704,352 loss in 2025.
On average € 8,000 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Pierre Boucher
Director
Also active at: MARCAN, LES ECHOS DE LA GHETE, PROMOTION DE LA PRESSE ET DES IDEES LIBERALES, Fondation Folon, DIGINNOV, LOTH-INFO
since 2012 · until 2027
since 2024 · until 2030
Sylvia Goldschmidt
Director
since 2015 · until 2028
since 2023 · until 2027
Paul Dujardin
Director
since 2009 · until 2027
Bernard Boon-Falleur
Director
since 2009 · until 2027
Johan Beerlandt
Director
since 2022 · until 2028
Yvan de Launoit
Director
Also active at: Koninklijke Golf Club van België, SOS VILLAGES D'ENFANTS BELGIQUE - SOS KINDERDORPEN BELGIE, Association Jules Bordet, LES EGLANTIERS, Chapelle Musicale Reine Elisabeth - Muziekkapel Koningin Elisabeth, FONDS BAILLET LATOUR
since 2014 · until 2027
Michel Delbaere
Director
since 2022 · until 2028
FABRICE DU CHASTEL DE LA HOWARDERIE
Director
since 2017 · until 2027
Géry Daeninck
Director
since 2019 · until 2027
since 2019 · until 2028
Vanessa Lippens
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Chaussée de Tervuren 445
1410 Waterloo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
O2SWITCH, FR
DNS
AWS Route 53
Domain
Domain
musicchapel.org
Registered
2013-08-02
Registrar
Combell NV
Expires
2026-08-02
Website info
Features
Security
Details
- Company number
- 0427.107.331
- VAT number
- BE 0427.107.331
- Registered office
- Chaussée de Tervuren 445, 1410 Waterloo
- Names & denominations
- CHAPELLE MUSICALE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 March 1985
- Peppol
- Active · Active since 3 Oct 2025
- Contact
- musicchapel.org
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Beoefening van uitvoerende kunsten door zelfstandig werkende artiesten