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 2023 and 2024.
-
Shrinking team NBB
FTE fell two years in a row, from 9.3 to 7.5.
Financials
Financial year 2024
Outhere Music from Brussel, company number BE0462962489, closed financial year 2024 with a result of € -1.6 million after tax. For that financial year Outhere Music recorded a gross margin of € 988,766 and equity of € 10.3 million. Compared with financial year 2023, the result moved from € -701,180 to € -1.6 million. 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 September 30, 2025.
€ 10.3 million
▼ 14% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▼ 135 % more loss than in 2023
Profit after tax over the fiscal year.
€ 525,771
▼ 5% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -10.9 million.
People and assets in 2024
7.5
▼ 1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 739,028
▼ 2% vs 2023
€ 98,500 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.
€ 10,519
▲ 67% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 1.4 million
€ 86,442 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 1.5 million
▲ 21% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 179,060
▲ 5% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 766,761 | € 905,820 | € 727,064 | € 988,766 | ▲ 36% |
| Profit after taxes | € -380,754 | € 239,205 | € -701,180 | € -1,648,474 | ▼ € 947,293 |
| Equity | € -4,806,127 | € -4,566,922 | € 11,976,898 | € 10,328,424 | ▼ 14% |
| Total debts | € 15,066,357 | € 18,188,213 | € 1,650,476 | € 3,279,633 | ▲ 99% |
| Cash | € 439,117 | € 359,000 | € 553,592 | € 525,771 | ▼ 5% |
| Retained profit | € -8,817,977 | € -8,578,772 | € -9,279,952 | € -10,928,426 | ▼ € 1.6 million |
| Bank debt | € 13,837,961 | € 16,987,961 | € 0 | € 1,448,177 | |
| Balance sheet total | € 10,260,230 | € 13,621,291 | € 13,627,374 | € 13,608,057 | |
| Employees (FTE) | 9.5 | 9.3 | 8.5 | 7.5 | ▼ 1 |
Key figures of Outhere Music, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Outhere Music?
What happened at Outhere Music in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Didier MARTIN stepped down as director. NBB
- Raphael LOBET stepped down as director. NBB
- Aidee Tzairi SANTOS GARCIA stepped down as director. NBB
- Charles ADRIAENSSEN stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1.6 million. filed late Source: NBB ↗
- Didier MARTIN became a director. NBB
- Raphael LOBET became a director. NBB
- Aidee Tzairi SANTOS GARCIA became a director. NBB
In short
From € 380,754 loss in 2021 to € 1.6 million loss in 2024.
Paid € 3,173 in corporate taxes since 2021.
Best year ever: 2022, with € 239,205 profit.
On average € 131,800 of value added per employee in 2024.
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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 OAKS ESTATE SA (79.8%). It owns 100% of OUTHERE MUSIC FRANCE SARL itself.
Directors
According to the 2024 annual accounts
Didier MARTIN
Managing director
since 2024 · until 2027
Raphael LOBET
Director
since 2024 · until 2027
Aidee Tzairi SANTOS GARCIA
Director
since 2024 · until 2027
Charles ADRIAENSSEN
Managing director
Also active at: Chapelle Musicale Reine Elisabeth - Muziekkapel Koningin Elisabeth, HEALTH ECONOMICS PRIVAK, TS.DCP Privak, pricaf privée de droit belge, Musica Luminis
since 2020 · until 2026
Shareholders
79.8%
Participations
OUTHERE MUSIC FRANCE SARL
100%
Establishments
Establishment units
Physical locations of this company
Spaarstraat 29
1000 Brussel
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
- 0462.962.489
- VAT number
- BE 0462.962.489
- Registered office
- Spaarstraat 29, 1000 Brussel
- Names & denominations
- Outhere Music
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 March 1998
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Uitgeverijen van muziekopnamen
Uitgeverijen van geluidsopnamen
Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur