Financials
Financial year 2025
MUSICA MUNDI SCHOOL from Waterloo, company number BE0675345177, closed financial year 2025 with a result of € 269,863 after tax. For that financial year MUSICA MUNDI SCHOOL recorded a gross margin of € 1.3 million and equity of € 139,827. Compared with financial year 2024, the result moved from € -258,342 to € 269,863. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 139,827
▲ € 269,863 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 269,863
▲ still € 258,342 loss in 2024
Profit after tax over the fiscal year.
€ 146,854
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
11.1
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 855,770
▲ 25% vs 2024
€ 77,100 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.
€ 332,258
▲ € 286,272 vs 2024
Of which on lease € 305,532.
Debts at end 2025
€ 929,589
▲ 67% vs 2024
€ 106,993 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 524,673
▲ 225% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 431,148
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 402,837 | € 557,061 | € 668,438 | € 1,325,308 | ▲ 98% |
| Profit after taxes | € -399,527 | € -333,951 | € -258,342 | € 269,863 | ▲ € 528,205 |
| Equity | € 462,257 | € 128,306 | € -130,036 | € 139,827 | ▲ € 269,863 |
| Total debts | € 709,127 | € 1,057,297 | € 1,414,104 | € 2,245,784 | ▲ 59% |
| Cash | € 87,908 | € 118,729 | € 251,132 | € 146,854 | ▼ 42% |
| Retained profit | € 462,257 | € 128,306 | € -130,036 | € 139,827 | ▲ € 269,863 |
| Bank debt | € 192,419 | € 354,058 | € 556,744 | € 929,589 | ▲ 67% |
| Balance sheet total | € 1,171,383 | € 1,185,603 | € 1,284,068 | € 2,385,612 | ▲ 86% |
| Employees (FTE) | 9.6 | 10.3 | 10.4 | 11.1 | ▲ 0.7 |
Key figures of MUSICA MUNDI SCHOOL, 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 March 2027.
What happened to MUSICA MUNDI SCHOOL?
What happened at MUSICA MUNDI SCHOOL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 269,863. filed late Source: NBB ↗
- Christine Swenden became a director. NBB
- Everard van der Straten Ponthoz became a director. NBB
- Chantal Servais stepped down as director. NBB
- Jean Claude Thiry stepped down as director. NBB
- Dan Arnet stepped down as director. NBB
- Fabienne Ackermans became a director. NBB
- Dan Arnet became a director. NBB
In short
From € 399,527 loss in 2022 to € 269,863 profit in 2025.
Paid € 1,189 in corporate taxes since 2022.
Best year ever: 2025, with € 269,863 profit.
On average € 119,400 of value added per employee 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
Behind MUSICA MUNDI SCHOOL are Erol Kandiyoti, Paul De Winter, Christine Swenden, Henri Fischgrund, Everard van der Straten Ponthoz and Fabienne Ackermans. Erol Kandiyoti is also behind L'Union Immobilière, Chemitex, Admiro, K FINANCE COORDINATION & SERVICES and TEX DEVELOPMENT.
Directors
According to the 2025 annual accounts
Erol Kandiyoti
Director
Also active at: L'Union Immobilière, Chemitex, Admiro, K FINANCE COORDINATION & SERVICES, TEX DEVELOPMENT, KREST REAL ESTATE INVESTMENTS, KREST 3, KREST 2 +3 more
since 2017
Paul De Winter
Director
since 2017
Christine Swenden
Director
since 2025
Henri Fischgrund
Director
since 2017
Everard van der Straten Ponthoz
Director
since 2025
Fabienne Ackermans
Director
since 2019
Hagit Hassid-Kerbel
Chairman of the board
since 2017
Jan Vanderwegen
Director
since 2017
John Martin
Director
since 2017
Léonid Kerbel
Director
since 2017
Chantal Servais
Director
since 2017 · until 2025
Jean Claude Thiry
Director
since 2017 · until 2025
Dan Arnet
Director
since 2019 · until 2025
Establishments
Establishment units
Physical locations of this company
Avenue des Marnières 21
1410 Waterloo
Rue de la Croix 21
1410 Waterloo
Active since 1 September 2018
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
- 0675.345.177
- VAT number
- BE 0675.345.177
- Registered office
- Avenue des Marnières 21, 1410 Waterloo
- Names & denominations
- MUSICA MUNDI SCHOOL
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 2 May 2017
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Cultureel onderwijs
Overige recreatie- en ontspanningsactiviteiten, neg
Overige vormen van onderwijs