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 1 of the last 1 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2021; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2021
KEY MUSIC from Antwerpen, company number BE0447439719, closed financial year 2021 with a result of € -1.6 million after tax. For that financial year KEY MUSIC recorded revenue of € 16.1 million and equity of € -135,845. 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 July 5, 2022.
€ -135,845
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
Profit after tax over the fiscal year.
€ 92,659
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -237,095.
People and assets in 2021
48.4
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
€ 38,900 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.
€ 0
Book value of vehicles, furniture and equipment.
Debts at end 2021
€ 3 million
€ 201,983 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2.7 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 62 days on average.
€ 665,434
Taxes, VAT and social contributions still to pay.
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What happened to KEY MUSIC?
What happened at KEY MUSIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
KEY MUSIC is active according to the CBE. Legal situation: Opening faillissement.
- Johannes 't Hoen stepped down as director. NBB
- Wybrand Kortmann stepped down as director. NBB
- Hubertus 't Hoen stepped down as director. NBB
- New annual accounts for financial year 2021: loss of € 1.6 million. Source: NBB ↗
- Hubertus 't Hoen became a director. NBB
- New establishment in Temse. KBO
- Wybrand Kortmann became a director. NBB
- Johannes 't Hoen became a director. NBB
In short
Paid € 894 in corporate taxes since 2021.
Pays suppliers within 62 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of Rudy's Music Shop itself.
Directors
According to the 2021 annual accounts
Johannes 't Hoen
Director
since 2019 · until 2025
Wybrand Kortmann
Director
since 2020 · until 2025
Hubertus 't Hoen
Director
since 2022 · until 2025
Establishments
Establishment units
Physical locations of this company
Kempischdok-Westkaai 101
2000 Antwerpen
Kasteellaan 1
9000 Gent
Active since 23 October 1997
Philippe de Champagnestraat 28
1000 Brussel
Active since 1 October 2015
Zuidstraat 143
1000 Brussel
Active since 1 October 2009
Jan de Malschelaan 13
9140 Temse
Active since 1 September 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0447.439.719
- VAT number
- BE 0447.439.719
- Registered office
- Kempischdok-Westkaai 101, 2000 Antwerpen
- Names & denominations
- KEY MUSIC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 20 May 1992
- Peppol
- Not registered
- Contact
- [email protected] 03/766 63 93
- Activities · NACE
Detailhandel in cultuur- en recreatieartikelen, neg
Detailhandel in elektrische huishoudapparaten en in audio- en videoapparatuur
Detailhandel in muziekinstrumenten in gespecialiseerde winkels