Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Music Hall Group from Gent, company number BE0448293616, closed financial year 2025 with a result of € -199,245 after tax. For that financial year Music Hall Group recorded revenue of € 180,000 and equity of € 4.3 million. Compared with financial year 2024, the result moved from € -765,017 to € -199,245. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 22, 2026.
€ 4.3 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -199,245
▲ 74 % less loss than in 2024
Profit after tax over the fiscal year.
€ 6,165
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9.7 million.
Debts at end 2025
€ 11.6 million
▲ 4% vs 2024
€ 573 is repaid this year. At this pace the long-term loan is gone in ≈ 20237 years.
€ 1.6 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,394
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,189,348 | € 270,535 | € 173,240 | € 180,000 | ▲ 4% |
| Gross margin | € 302,950 | € -367,041 | € -240,057 | € 325,029 | ▲ € 565,086 |
| Profit after taxes | € -2,443,797 | € -826,286 | € -765,017 | € -199,245 | ▲ € 565,772 |
| Equity | € 6,054,618 | € 5,228,332 | € 4,463,315 | € 4,264,070 | ▼ 4% |
| Total debts | € 13,690,390 | € 19,796,733 | € 20,190,734 | € 20,700,126 | ▲ 3% |
| Cash | € 29,530 | € 23,549 | € 6,730 | € 6,165 | ▼ 8% |
| Retained profit | € -7,876,112 | € -8,702,398 | € -9,467,415 | € -9,666,661 | ▼ € 199,245 |
| Bank debt | € 4,678,073 | € 10,823,599 | € 11,202,579 | € 11,595,543 | ▲ 4% |
| Balance sheet total | € 19,745,009 | € 25,025,065 | € 24,654,049 | € 24,964,196 | ▲ 1% |
Key figures of Music Hall Group, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 3 March 2027.
What happened to Music Hall Group?
What happened at Music Hall Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 199,245. Source: NBB ↗
- ALPA NV stepped down as director. NBB
- Amélie Allaert stepped down as director. NBB
- ALPA NV became a director. NBB
- Amélie Allaert became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.4 million loss in 2022 to € 199,245 loss in 2025.
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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
The shares are held by Alpa NV (80.3%) and Geert Allaert (19.7%). It owns 100% of VORST NATIONAAL, 100% of MUSIC HALL PRODUCTIONS, 99.8% of CONNECT and 97% of MUSIC HALL TS itself.
Directors
According to the 2025 annual accounts
Managing director
Also active at: MUSIC HALL PRODUCTIONS, VORST NATIONAAL - FOREST NATIONAL, STADSSCHOUWBURG ANTWERPEN NV, CONNECT, CAPITOLE, Musical Rainbows, Music Hall Classics
since 2020 · until 2025
Amélie Allaert
Director
Also active at: MUSIC HALL PRODUCTIONS, CONNECT, Musical Rainbows, PRIMA DONNA EVENTS
since 2020 · until 2025
Shareholders
80.3%
Geert Allaert
19.7%
Participations
Establishments
Establishment units
Physical locations of this company
Graaf van Vlaanderenplein 7
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →ALPA same network
€ 101,857 gross margin · 2025
MUSIC HALL PRODUCTIONS same network
€ 93 gross margin · 2025
VORST NATIONAAL - FOREST NATIONAL same network
€ 1.6 million revenue · 2025
STADSSCHOUWBURG ANTWERPEN NV same network
€ 782,780 revenue · 2025
CONNECT same network
€ -9,805 gross margin · 2025
+3 more
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
WIX_COM, IL
Website info
Features
Security
Network
Details
- Company number
- 0448.293.616
- VAT number
- BE 0448.293.616
- Registered office
- Graaf van Vlaanderenplein 7, 9000 Gent
- Names & denominations
- Music Hall Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 September 1992
- Peppol
- Active · Active since 27 Nov 2025
- Contact
- musichall.be
- Activities · NACE
Activiteiten van holdings
Holdings