OPENING OF BANKRUPTCY

KEY MUSIC

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Financial year 2021 · closed on 31/12/2021

Net result

-1,6 M €

-1040.0% YoY

Revenue

16,1 M €

-9.3% YoY

Equity

-135,8 k €

-109.5% YoY

Workforce

48,4 ETP

+28.7% YoY

Company — Opening of bankruptcy.

What does KEY MUSIC do?

KEY MUSIC is a Public limited company incorporated in 1992. Its main activity is: Retail sale of furniture, lighting equipment and other household articles in specialised stores. Its registered office is in Antwerpen. It employs on average 48,4 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0447.439.719

Incorporation

20/05/1992

Legal form

Public limited company

Registered office

Kempischdok-Westkaai 101
2000 Antwerpen · FlandreSee on map

Contributed capital

101 250,00 €

Latest accounts

31/12/2021

Average workforce

48,4 ETP

Activities (NACE)

47594Retail sale of furniture, lighting equipment and other household articles in specialised stores· main 47690Retail sale of cultural and recreation goods in specialised stores 52450Warehousing and support activities for transportation

Joint committees (2)

Contacts

3 public details availableLog in to view

Signals

Healthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	16,1 M €	-9.3%	17,7 M €	+11.2%	15,9 M €	-16.0%	19 M €	-12.0%	21,6 M €	-4.2%	22,5 M €	+3.3%	21,8 M €	+4.4%	20,9 M €	+10.2%	18,9 M €	+3.3%	18,3 M €	+15.7%	15,8 M €	+21.9%	13 M €	+29.6%	10 M €		–		–		–
EBITDA	-944,9 k €	-382%	335,2 k €	+190%	-373,4 k €	-28.9%	-289,8 k €	-411%	93,1 k €	-29.6%	132,2 k €	-59.2%	323,8 k €	+61.9%	200 k €	-40.9%	338,4 k €	-15.5%	400,4 k €	-6.4%	427,9 k €	-3.6%	444 k €	+150%	177,7 k €	+15.5%	153,8 k €	-65.0%	439 k €	-7.6%	475 k €
Operating result	-1,4 M €	-1043%	147,3 k €	+110%	-1,5 M €	-16.5%	-1,3 M €	-1466%	-84,1 k €	+41.1%	-142,8 k €	-192%	-48,9 k €	+69.3%	-159,6 k €	-401%	53,1 k €	-69.8%	175,5 k €	-37.8%	282,2 k €	-15.5%	334,1 k €	+598%	47,9 k €	+39.0%	34,4 k €	-88.8%	307,9 k €	-16.2%	367,4 k €
Net result	-1,6 M €	-1040%	166,7 k €	+112%	-1,4 M €	-19.7%	-1,2 M €	-2482%	50 k €	+290%	12,8 k €	-85.7%	90 k €	+279%	23,8 k €	-85.6%	165,1 k €	-32.5%	244,4 k €	-22.2%	314,3 k €	-16.5%	376,4 k €	+344%	84,7 k €	+90.4%	44,5 k €	-80.0%	222,6 k €	-11.2%	250,6 k €
Balance sheet
Equity	-135,8 k €	-109%	1,4 M €	+13.2%	1,3 M €	-52.6%	2,7 M €	-30.9%	3,9 M €	+1.3%	3,8 M €	+0.3%	3,8 M €	+2.4%	3,7 M €	+0.6%	3,7 M €	+4.7%	3,5 M €	+7.5%	3,3 M €	+10.6%	3 M €	+14.6%	2,6 M €	+40.4%	1,8 M €	+2.5%	1,8 M €	+14.2%	1,6 M €
Total assets	7 M €	+6.4%	6,5 M €	+24.2%	5,3 M €	-20.3%	6,6 M €	-20.2%	8,3 M €	-5.4%	8,7 M €	+10.6%	7,9 M €	+6.2%	7,5 M €	+5.3%	7,1 M €	+0.5%	7 M €	+14.7%	6,1 M €	+17.0%	5,2 M €	+17.5%	4,5 M €	+46.3%	3,1 M €	+3.6%	2,9 M €	+21.8%	2,4 M €
Cash	92,7 k €	-79.4%	449,9 k €	+16.6%	386 k €	+9.2%	353,4 k €	-60.3%	889,4 k €	+11.6%	796,8 k €	+42.3%	559,9 k €	+52.5%	367,1 k €	-34.9%	564,3 k €	-40.5%	947,8 k €	+10.5%	857,4 k €	+24.7%	687,4 k €	+208%	223,2 k €	+63.0%	136,9 k €	+1145%	11 k €	-78.9%	52,1 k €
Debts	7,1 M €	+38.9%	5,1 M €	+27.7%	4 M €	+1.6%	3,9 M €	-10.9%	4,4 M €	-10.5%	4,9 M €	+20.6%	4,1 M €	+9.3%	3,7 M €	+10.4%	3,4 M €	-3.8%	3,5 M €	+23.0%	2,9 M €	+25.3%	2,3 M €	+21.5%	1,9 M €	+55.1%	1,2 M €	+5.3%	1,2 M €	+37.4%	840 k €
Other
Workforce	48,4 ETP	+28.7%	37,6 ETP	+10.9%	33,9 ETP	-18.7%	41,7 ETP	-10.9%	46,8 ETP	+3.8%	45,1 ETP	-5.5%	47,7 ETP	-2.5%	48,9 ETP	-3.7%	50,8 ETP	+5.4%	48,2 ETP	+10.3%	43,7 ETP	+7.9%	40,5 ETP	+22.4%	33,1 ETP	+25.9%	26,3 ETP	+22.9%	21,4 ETP	+8.6%	19,7 ETP

Governance

Board of directors

Seen on filing of 31/12/2021 · 3 active · 18 ended

Active mandates

Hubertus 't Hoen

Director · since 14 avril 2022 · until 17 juin 2025

Active

Wybrand Kortmann

Director · since 05 février 2020 · until 17 juin 2025

Active

Johannes 't Hoen

Director · since 16 juillet 2019 · until 16 juillet 2025

Active

Ended mandates

Petrus Smits

Director · since 16 juillet 2019 · until 05 février 2020

Ended

Key Music International BV

Director · since 19 mars 2019 · until 28 août 2019

Represented by Francky Dedeyne

Ended

Key Music International BV

Director · since 19 mars 2019 · until 19 mars 2025

Represented by Francky Dedeyne

Ended

Dirk Roggeman

Director · since 07 janvier 2019 · until 27 mars 2019

Ended

At this address

Other companies at this address

Company	CBE no.
Key Music Antwerpen● Bankrupt	0744.618.520

Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/07/2022	08/07/2021	05/08/2020	23/07/2019	25/07/2018	25/07/2017
General meeting	30/06/2022	22/06/2021	20/07/2020	29/06/2019	30/06/2018	30/06/2017
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2021	30/06/2022	05/07/2022	Dutch	PDF
Full model	31/12/2020	22/06/2021	08/07/2021	Dutch	PDF
Full model	31/12/2019	20/07/2020	05/08/2020	Dutch	PDF
Full model	31/12/2018	29/06/2019	23/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	25/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	25/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	12/07/2016	Dutch	PDF
Full model	31/12/2014	16/06/2015	22/07/2015	Dutch	PDF
Full model	31/12/2013	17/06/2014	04/08/2014	Dutch	PDF
Full model	31/12/2012	18/06/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	07/05/2012	20/07/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	25/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2021 · 3 active · 18 ended

Active mandates

Hubertus 't Hoen

Director · since 14 avril 2022 · until 17 juin 2025

Active

Wybrand Kortmann

Director · since 05 février 2020 · until 17 juin 2025

Active

Johannes 't Hoen

Director · since 16 juillet 2019 · until 16 juillet 2025

Active

Ended mandates

Petrus Smits

Director · since 16 juillet 2019 · until 05 février 2020

Ended

Key Music International BV

Director · since 19 mars 2019 · until 28 août 2019

Represented by Francky Dedeyne

Ended

Key Music International BV

Director · since 19 mars 2019 · until 19 mars 2025

Represented by Francky Dedeyne

Ended

Dirk Roggeman

Director · since 07 janvier 2019 · until 27 mars 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/04/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/03/2019
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2021
Annual accounts 2021-1,6 M €↓
2020
Annual accounts 2020166,7 k €↑
2019
Annual accounts 2019-1,4 M €↓
2018
Annual accounts 2018-1,2 M €↓
2017
Annual accounts 201750 k €↑
2016
Annual accounts 201612,8 k €↓
2015
Annual accounts 201590 k €↑
2014
Annual accounts 201423,8 k €↓
2013
Annual accounts 2013165,1 k €↓
2012
Annual accounts 2012244,4 k €↓
2011
Annual accounts 2011314,3 k €↓
2010
Annual accounts 2010376,4 k €↑
2009
Annual accounts 200984,7 k €↑
2008
Annual accounts 200844,5 k €↓
2007
Annual accounts 2007222,6 k €↓
2006
Annual accounts 2006250,6 k €
20/05/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

KEY MUSIC

Overview

What does KEY MUSIC do?

Trend over 16 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline