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 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2023; threshold 65 %.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
PRIMITIVE MUSIC from Fléron, company number BE0685972122, closed financial year 2023 with a result of € -11,846 after tax. For that financial year PRIMITIVE MUSIC recorded a gross margin of € 41,626 and equity of € 7,383. Compared with financial year 2022, the result moved from € -4,845 to € -11,846. The company made a loss. The buffer shrank hard: equity is 62 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 12, 2024.
€ 7,383
▼ 62% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,846
▼ 145 % more loss than in 2022
Profit after tax over the fiscal year.
€ 3,704
▼ 50% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -63,867.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 43,544
▲ 102% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2023
€ 15,841
▼ 27% vs 2022
€ 6,292 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 11,713
▲ 85% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 14,721
▲ 46% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 6,744 | € 26,302 | € 41,626 | ▲ 58% |
| Profit after taxes | € -2,908 | € -4,845 | € -11,846 | ▼ € 7,002 |
| Equity | € 24,074 | € 19,230 | € 7,383 | ▼ 62% |
| Total debts | € 46,076 | € 40,586 | € 46,046 | ▲ 13% |
| Cash | € 15,249 | € 7,402 | € 3,704 | ▼ 50% |
| Retained profit | € -47,176 | € -52,021 | € -63,867 | ▼ € 11,846 |
| Bank debt | € 27,251 | € 21,583 | € 15,841 | ▼ 27% |
| Balance sheet total | € 70,151 | € 59,815 | € 53,430 | ▼ 11% |
Key figures of PRIMITIVE MUSIC, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to PRIMITIVE MUSIC?
What happened at PRIMITIVE MUSIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 11,846. filed late Source: NBB ↗
- New establishment in Fléron. KBO
- ADRIEN GREGOIRE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2,908 loss in 2021 to € 11,846 loss in 2023.
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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 PRIMITIVE MUSIC is ADRIEN GREGOIRE.
Directors
According to the 2023 annual accounts
ADRIEN GREGOIRE
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Rue Churchill 26
4624 Fléron
Rue Sainte-Barbe 8
4624 Fléron
Active since 11 January 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
- 0685.972.122
- VAT number
- BE 0685.972.122
- Registered office
- Rue Churchill 26, 4624 Fléron
- Names & denominations
- PRIMITIVE MUSIC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 2017
- Peppol
- Active · Active since 20 Nov 2025
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