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 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GTS Music & Education from Oostende, company number BE0748529402, closed financial year 2025 with a result of € 54,151 after tax. For that financial year GTS Music & Education recorded a gross margin of € 263,670 and equity of € -16,568. Compared with financial year 2024, the result moved from € 5,180 to € 54,151. Profitable, and profit is growing. 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 August 27, 2026.
€ -16,568
▲ € 54,151 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 54,151
▲ € 48,971 vs 2024
Profit after tax over the fiscal year.
€ 22,440
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -26,568.
People and assets in 2025
€ 156,356
▼ 24% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 39,400
▲ € 33,983 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 149,081
▼ 17% vs 2024
€ 30,582 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 16,325
▲ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 42,321
▼ 10% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 131,705 | € 207,556 | € 256,236 | € 263,670 | ▲ 3% |
| Profit after taxes | € -47,423 | € -24,902 | € 5,180 | € 54,151 | ▲ € 48,971 |
| Equity | € -50,998 | € -75,900 | € -70,719 | € -16,568 | ▲ € 54,151 |
| Total debts | € 362,579 | € 326,005 | € 288,043 | € 232,605 | ▼ 19% |
| Cash | € 46,230 | € 26,631 | € 28,653 | € 22,440 | ▼ 22% |
| Retained profit | € -60,998 | € -85,900 | € -80,719 | € -26,568 | ▲ € 54,151 |
| Bank debt | € 239,531 | € 209,561 | € 179,643 | € 149,081 | ▼ 17% |
| Balance sheet total | € 311,581 | € 250,105 | € 217,324 | € 216,036 | ▼ 1% |
Key figures of GTS Music & Education, 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 July 2027.
What happened to GTS Music & Education?
What happened at GTS Music & Education in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 54,151 (▲ € 48,971 vs 2024). filed late Source: NBB ↗
- Antony Reynaert became a director. NBB
- Liesbeth Dhondt became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Antwerpen. KBO
- New establishment in Kortrijk. KBO
- New establishment in Gent. KBO
- New establishment in Oostende. KBO
In short
From € 47,423 loss in 2022 to € 54,151 profit in 2025.
Paid € 4,846 in corporate taxes since 2022.
Best year ever: 2025, with € 54,151 profit.
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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 GTS Music & Education are Antony Reynaert and Liesbeth Dhondt.
Directors
According to the 2025 annual accounts
Antony Reynaert
Director
since 2020
Liesbeth Dhondt
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Groentemarkt 17a
8400 Oostende
Vaartdijk-Noord 41 box A
8432 Middelkerke
Active since 11 April 2008
Groentemarkt 17 A
8400 Oostende
Active since 1 April 2011
Dok-Noord 3C
9000 Gent
Active since 1 February 2013
Meensesteenweg(Bis) 385-389
8501 Kortrijk
Active since 1 February 2015
Keizerstraat 2
2000 Antwerpen
Active since 1 October 2016
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
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0748.529.402
- VAT number
- BE 0748.529.402
- Registered office
- Groentemarkt 17a, 8400 Oostende
- Names & denominations
- GTS Music & Education
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 June 2020
- Peppol
- Active · Active since 14 Mar 2025
- Contact
- gitaartraining.be
- Activities · NACE
Cultureel onderwijs
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Overige zakelijke dienstverlening, neg
Promotie en organisatie van scheppende en uitvoerende kunstevenementen
Promotie en organisatie van uitvoerende kunstevenementen