ACTIVE

MUS'ARTE

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Financial year 2025 · Closed on 31/12/2025

Net result28,4 k €+389,6 %over 1 year
Gross margin31,1 k €+443,0 %over 1 year
Equity50,6 k €+128,4 %over 1 year

Identity

Source · BCE/KBO

MUS'ARTE is a Private company with limited liability incorporated in 1998. Its main activity is: Manufacture of musical instruments. Its registered office is in Enghien.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0464.793.019
Incorporation
23/12/1998
Legal form
Private company with limited liability
Registered office
Rue Pennebecq(E) 37
7850 Enghien · WallonieSee on map
Contributed capital
61 973,38 €
Latest accounts
31/12/2025
Joint committees (2)
  • 126
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin31,1 k €5,7 k €-13,2 k €1,5 k €-2,7 k €
EBITDA30,2 k €5,7 k €-13,2 k €1,4 k €-2,7 k €
Operating result30,2 k €5,7 k €-13,2 k €1,4 k €-2,7 k €
Net result28,4 k €5,8 k €-13,3 k €1,3 k €-77 €
Balance sheet
Equity50,6 k €22,2 k €16,3 k €29,6 k €28,3 k €
Total assets86,5 k €55,8 k €65,7 k €68,1 k €68,2 k €
Cash16,1 k €134,9 €41,3 €314 €1,4 k €
Debts35,9 k €33,6 k €49,3 k €38,4 k €39,8 k €
Other
Workforce–––––

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 7 ended

Active mandates

Fabien GRAM

Mandate

Active

Ended mandates

FABIEN GRAM

Managing director · since 01 octobre 2005

Ended
FABIEN GRAM

Manager · since 01 octobre 2005

Ended
JEAN-PIERRE DELOMBAERDE

Managing director · since 18 février 1999

Ended
JEAN-PIERRE DELOMBAERDE

Manager · since 18 février 1999 · until 30 juin 2011

Ended

Other companies at this address

Rue Pennebecq(E) 37 7850 Enghien
CompanyCBE no.
Fréquence musicale● Active
0456.789.232

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/07/202622/08/202512/12/202407/10/202331/08/202230/09/2021
General meeting30/06/202630/06/202531/08/202407/10/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202628/07/2026FrenchPDF
Micro model31/12/202430/06/202522/08/2025FrenchPDF
Micro model31/12/202331/08/202412/12/2024FrenchPDF
Micro model31/12/202207/10/202307/10/2023FrenchPDF
Micro model31/12/202124/06/202231/08/2022FrenchPDF
Micro model31/12/202025/06/202130/09/2021FrenchPDF
Micro model31/12/201904/09/202027/11/2020FrenchPDF
Micro model31/12/201828/06/201908/10/2019FrenchPDF
Micro model31/12/201703/12/201803/12/2018FrenchPDF
Micro model31/12/201630/06/201724/07/2017FrenchPDF
Abridged model31/12/201529/08/201631/08/2016FrenchPDF
Abridged model31/12/201428/08/201531/08/2015FrenchPDF
Abridged model31/12/201302/10/201403/10/2014FrenchPDF
Abridged model31/12/201211/10/201322/10/2013FrenchPDF
Abridged model31/12/201128/12/201216/01/2013FrenchPDF
Abridged model31/12/201001/08/201129/08/2011FrenchPDF
Abridged model31/12/200908/10/201030/11/2010FrenchPDF
Abridged model31/12/200804/09/200926/09/2009FrenchPDF
Abridged model31/12/200718/09/200829/09/2008FrenchPDF
Abridged model31/12/200603/08/200730/08/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 7 ended

Active mandates

Fabien GRAM

Mandate

Active

Ended mandates

FABIEN GRAM

Managing director · since 01 octobre 2005

Ended
FABIEN GRAM

Manager · since 01 octobre 2005

Ended
JEAN-PIERRE DELOMBAERDE

Managing director · since 18 février 1999

Ended
JEAN-PIERRE DELOMBAERDE

Manager · since 18 février 1999 · until 30 juin 2011

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office17/04/2026
    SIEGE SOCIAL
    PDF
  • Registered office31/07/2012
    SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
    PDF
  • Mandates17/01/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/02/2006
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - OBJET - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates05/12/2005
    DEMISSIONS, NOMINATIONS - CAPITAL, ACTIONS - DIVERS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202528,4 k €↑
  2. 2024
    Annual accounts 20245,8 k €↑
  3. 2023
    Annual accounts 2023-13,3 k €↓
  4. 2022
    Annual accounts 20221,3 k €↑
  5. 2021
    Annual accounts 2021-77 €↓
  6. 2020
    Annual accounts 20208,9 k €↑
  7. 2019
    Annual accounts 2019-26 k €↓
  8. 2018
    Annual accounts 20189,9 k €↑
  9. 2017
    Annual accounts 20177,9 k €↑
  10. 2016
    Annual accounts 2016-8,7 k €↓
  11. 2015
    Annual accounts 201511,9 k €↓
  12. 2014
    Annual accounts 201463,5 k €↑
  13. 2013
    Annual accounts 201313,2 k €↑
  14. 2012
    Annual accounts 20123,5 k €↑
  15. 2011
    Annual accounts 2011-26,8 k €↓
  16. 2010
    Annual accounts 2010-9,8 k €↑
  17. 2009
    Annual accounts 2009-10 k €↓
  18. 2008
    Annual accounts 20081,4 k €↑
  19. 2007
    Annual accounts 2007-4,4 k €↓
  20. 2006
    Annual accounts 2006674 €
  21. 23/12/1998
    IncorporationPrivate company with limited liability