Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DNF MUSIC from Merchtem, company number BE0882666940, closed financial year 2025 with a result of € -25,758 after tax. For that financial year DNF MUSIC recorded a gross margin of € 199,540 and equity of € 79,097. Compared with financial year 2024, the result moved from € 113,212 to € -25,758. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 26, 2026.
€ 79,097
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -25,758
▼ still € 113,212 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -44,903.
People and assets in 2025
€ 50,897
▼ 22% 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.
€ 46,016
▲ 171% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 409,712
▲ 92% vs 2024
€ 86,667 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 109,049
▲ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,854
▼ 74% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 270,603 | € 213,562 | € 268,991 | € 199,540 | ▼ 26% |
| Profit after taxes | € 98,610 | € 36,561 | € 113,212 | € -25,758 | ▼ € 138,970 |
| Equity | € -44,918 | € -8,357 | € 104,855 | € 79,097 | ▼ 25% |
| Total debts | € 429,340 | € 294,045 | € 289,180 | € 525,308 | ▲ 82% |
| Retained profit | € -168,918 | € -132,357 | € -19,145 | € -44,903 | ▼ € 25,758 |
| Bank debt | € 350,672 | € 239,623 | € 213,498 | € 409,712 | ▲ 92% |
| Balance sheet total | € 384,422 | € 285,688 | € 394,035 | € 604,405 | ▲ 53% |
Key figures of DNF MUSIC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to DNF MUSIC?
What happened at DNF MUSIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 25,758 (▼ € 138,970 vs 2024). Source: NBB ↗
- New establishment in Merchtem. KBO
- Start of the company according to the CBE. KBO
In short
From € 98,610 profit in 2022 to € 25,758 loss in 2025.
Paid € 4,097 in corporate taxes since 2022.
Best year ever: 2024, with € 113,212 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 DNF MUSIC are Jeroen De Neef and Frans De Neef.
Directors
According to the 2025 annual accounts
Jeroen De Neef
Director
Frans De Neef
Associate
Establishments
Establishment units
Physical locations of this company
Heirbaan 68
1785 Merchtem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0882.666.940
- VAT number
- BE 0882.666.940
- Registered office
- Heirbaan 68, 1785 Merchtem
- Names & denominations
- DNF MUSIC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 July 2006
- Peppol
- Active · Active since 6 Oct 2025
- Contact
- [email protected] 0475604594
- Activities · NACE
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