ART COLLECTION
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
303 d late
2022
108 d late
2021
31 d late
2020
11 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 76 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Retail sale of antiques sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€1.7m▲ 0.1%
2023 · €1.7m
Total assets
€4.7m▲ 0.3%
2023 · €4.7m
Net result
€41,403▼ 77.2%
2023 · €181,735
Working capital
€1.4m▼ 13.1%
2023 · €1.6m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€275,776▼ 58.7%€187,930▼ 31.9%€295,119▲ 57.0%€210,965▼ 28.5%€85,024▼ 59.7%
Net result€254,565above the sector's middle half▼ 38.8%€152,221above the sector's middle half▼ 40.2%€274,001above the sector's middle half▲ 80.0%€181,735above the sector's middle half▼ 33.7%€41,403above the sector's middle half▼ 77.2%
Equity€2.3mabove the sector's middle half▲ 12.5%€1.6mabove the sector's middle half▼ 29.5%€1.7mabove the sector's middle half▲ 2.7%€1.7mabove the sector's middle half▲ 2.5%€1.7mabove the sector's middle half▲ 0.1%
Total assets€2.5mabove the sector's middle half▼ 24.4%€2.4mabove the sector's middle half▼ 4.3%€3.9mabove the sector's middle half▲ 64.0%€4.7mabove the sector's middle half▲ 22.3%€4.7mabove the sector's middle half▲ 0.3%
Debt€179,729▼ 85.4%€746,918▲ 316%€2.2m▲ 196%€3.0m▲ 37.0%€3.0m▲ 0.5%
Working capital€2.3mabove the sector's middle half▲ 13.2%€1.5mabove the sector's middle half▼ 32.7%€1.6mabove the sector's middle half▲ 2.9%€1.6mabove the sector's middle half▲ 0.1%€1.4mabove the sector's middle half▼ 13.1%
Solvency92.7%above the sector's middle half▲ 30.4pp68.3%above the sector's middle half▼ 24.4pp42.8%within the sector's middle half▼ 25.5pp35.9%within the sector's middle half▼ 6.9pp35.8%within the sector's middle half▼ 0.1pp
Current ratio13.66above the sector's middle half▲ 11.023.05above the sector's middle half▼ 10.611.71within the sector's middle half▼ 1.341.52within the sector's middle half▼ 0.191.45within the sector's middle half▼ 0.07
Return on assets (ROA)10.3%within the sector's middle half▼ 2.4pp6.5%within the sector's middle half▼ 3.9pp7.1%within the sector's middle half▲ 0.6pp3.8%within the sector's middle half▼ 3.2pp0.9%within the sector's middle half▼ 3.0pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 60% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.7m
Fixed assets
€336,204 ▲ 179%
Current assets
€4.4m ▼ 4.3%
Equity and liabilities €4.7m
Equity
€1.7m ▲ 0.1%
Debt
€3.0m ▲ 0.5%
Debt's share of the balance-sheet total rises from 64.1% to 64.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€163,521▼
2023 · €225,382
Cash flow
€119,900▼
2023 · €196,152
Quick ratio
0.12▼
2023 · 0.20
Debt to equity
1.79▲
2023 · 1.79
ROE
2.4%▼
2023 · 10.7%
Interest coverage
3.75▼
2023 · 11.73
Debt ≤ 1 year
€3.0m▲
2023 · €3.0m
Income taxes
€729▼
2023 · €17,888
Staff costs
€6,810
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €528 | - | - | - |
| Remuneration, social security and pensions62 | - | €11,890 | - | - | €6,810 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,707 | €7,697 | €12,882 | €14,417 | €78,497 | ▲ 444% |
| Other operating charges640/8 | - | €6,615 | €100 | €32,277 | €9,649 | ▼ 70.1% |
| Gross operating margin9900 | €673,000 | €214,133 | €308,101 | €257,659 | €179,980 | ▼ 30.1% |
| Operating profit (loss)9901 | €275,776 | €187,930 | €295,119 | €210,965 | €85,024 | ▼ 59.7% |
| Financial income75/76B | - | €1,653 | €5,463 | €7,880 | €655 | ▼ 91.7% |
| Recurring financial income75 | - | €1,653 | €5,463 | €7,880 | €655 | ▼ 91.7% |
| Financial charges65/66B | - | -€774 | €10,810 | €19,221 | €43,548 | ▲ 127% |
| Recurring financial charges65 | €5,264 | -€774 | €10,810 | €19,221 | €43,548 | ▲ 127% |
| Profit (loss) for the period before taxes9903 | €281,973 | €190,357 | €289,773 | €199,624 | €42,132 | ▼ 78.9% |
| Income taxes67/77 | €27,408 | €38,137 | €15,772 | €17,888 | €729 | ▼ 95.9% |
| Profit (loss) for the period9904 | €254,565 | €152,221 | €274,001 | €181,735 | €41,403 | ▼ 77.2% |
| Profit (loss) for the period to be appropriated9905 | €254,565 | €152,221 | €274,001 | €181,735 | €41,403 | ▼ 77.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.4m | €3.9m | €4.7m | €4.7m | ▲ 0.3% |
| Fixed assets21/28 | €9,594 | €80,606 | €80,026 | €120,295 | €336,204 | ▲ 179% |
| Intangible fixed assets21 | - | - | - | €13,145 | €241,548 | ▲ 1,738% |
| Tangible fixed assets22/27 | €9,594 | €67,692 | €67,112 | €88,986 | €76,222 | ▼ 14.3% |
| Furniture and vehicles24 | - | €5,813 | €6,139 | €6,389 | €3,829 | ▼ 40.1% |
| Other tangible fixed assets26 | - | €61,879 | €60,973 | €82,597 | €72,393 | ▼ 12.4% |
| Financial fixed assets28 | - | €12,914 | €12,914 | €18,164 | €18,434 | ▲ 1.5% |
| Current assets29/58 | €2.5m | €2.3m | €3.8m | €4.6m | €4.4m | ▼ 4.3% |
| Stocks and contracts in progress3 | €1.5m | €1.7m | €3.5m | €4.0m | €4.0m | ▲ 0.8% |
| Stocks30/36 | - | €1.7m | €3.5m | €4.0m | €4.0m | ▲ 0.8% |
| Amounts receivable within one year40/41 | €344,250 | €584,620 | €265,488 | €565,498 | €345,624 | ▼ 38.9% |
| Trade receivables40 | - | €317,398 | €10,041 | €451,498 | €193,277 | ▼ 57.2% |
| Other amounts receivable41 | - | €267,223 | €255,448 | €114,000 | €152,347 | ▲ 33.6% |
| Cash at bank and in hand54/58 | €599,345 | €12,674 | €40,003 | €14,882 | €15,462 | ▲ 3.9% |
| Deferred charges and accrued income490/1 | - | €4,995 | - | €28,469 | €15,595 | ▼ 45.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.4m | €3.9m | €4.7m | €4.7m | ▲ 0.3% |
| Equity10/15 | €2.3m | €1.6m | €1.7m | €1.7m | €1.7m | ▲ 0.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €2.3m | €1.6m | €1.6m | €1.7m | €1.7m | ▲ 0.1% |
| Amounts payable17/49 | €179,729 | €746,918 | €2.2m | €3.0m | €3.0m | ▲ 0.5% |
| Amounts payable within one year42/48 | €179,729 | €746,918 | €2.2m | €3.0m | €3.0m | ▲ 0.2% |
| Financial debts43 | - | - | - | - | €419,519 | - |
| Credit institutions430/8 | - | - | - | - | €419,519 | - |
| Trade debts44 | €4,827 | €269,603 | €222,407 | €870,537 | €848,517 | ▼ 2.5% |
| Suppliers440/4 | - | €269,603 | €222,407 | €870,537 | €848,517 | ▼ 2.5% |
| Advances received on contracts in progress46 | - | - | €15,000 | €40,750 | €40,750 | = |
| Taxes, remuneration and social security45 | - | €12,055 | €19,871 | €5,912 | €2,788 | ▼ 52.9% |
| Taxes450/3 | - | €9,059 | €19,871 | €5,912 | - | - |
| Remuneration and social security454/9 | - | €2,996 | - | - | €2,788 | - |
| Other amounts payable47/48 | - | €465,260 | €2.0m | €2.1m | €1.7m | ▼ 18.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €7,133 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €254,565 | €152,221 | €274,001 | €181,735 | €41,403 | ▼ 77.2% |
| + Depreciation and write-downs630 | €14,707 | €7,697 | €12,882 | €14,417 | €78,497 | ▲ 444% |
| Operating cash flow (approximation) | €269,271 | €159,918 | €286,883 | €196,152 | €119,900 | ▼ 38.9% |
| Investment in fixed assets (approximation) | - | -€78,710 | -€12,302 | -€54,685 | -€294,406 | ▼ 438% |
| Change in cash | - | -€586,671 | €27,329 | -€25,121 | €581 | ▲ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
07-09
State Gazette act
Restructuring · End & cessationShareholding · Merger · Declaration7 facts ▸
State Gazette act
Restructuring · End & cessation
Shareholding · Merger · Declaration7 facts ▸
- Shareholding, 06-08-2026
- General meeting, 06-08-2026
- Merger, simplified absorption, comptes annuels de la société absorbée au 30 juin 2026
- Declaration, absence d'attribution d'actions, aucune action de la société absorbante ne peut être attribuée à la société absorbante elle-même, ni au paiement d'aucune soulte…
- Power of attorney, VAILLANT Alicia
- Other statement, formalités préalables, deposit of documents
- Other statement, constatations de l'actionnaire unique
24-06
State Gazette act
RestructuringMerger · Incorporation · Name change17 facts ▸
State Gazette act
Restructuring
Merger · Incorporation · Name change17 facts ▸
- Merger, opération assimilée à une fusion par absorption, regroupement activités similaires
- Incorporation, 07-07-2017
- Name change, GVA Advisory
- Capital, euros 18.600
- Shareholding, 186, Pleine-propriété
- Board composition, GROSJEAN Quentin (director)
- Incorporation, 07-03-1995
- Statutes amendment
- Other statement, BE0454.596.438, identifiants
- Capital, euros 18.600
- Shareholding, 750
- Board composition, GROSJEAN Quentin (director)
- +5 further facts in this act
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 303 days late
2024
31-12
Financial
Weakest financial yearnet €41,403 ▼77.2%
Net result drops to €41,403, the lowest in the series.
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 108 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 5current ratio 13.66
Current ratio from 2.63 to 13.66; short-term debt falls from €1.2m to €179,729.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €2mEq €2.0m ▲25.8%
2 profitable years in a row build equity to €2.0m.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
02-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 2 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waterloo
Ground area
776 m²
Building footprint
101 m²
Volume, LiDAR
948 m³
Parcel 25762H0351/00B000, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
72
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762H0351/00B000 | Wallonia | 776 m² | 1 · 101 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Accounting effect
01-07-2026
Other statement
Décharge des administrateurs, entre la date de clôture du dernier exercice approuvé et la date du transfert
Prise d'effet, décisions concordantes prises au sein des deux sociétés concernées par la fusion
Structure & network
Owners and holdings
1 ownerChain of control
- GVA Advisory
- ART COLLECTION
Highest known parent: GVA Advisory. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:GVA Advisory
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 07-09-2026 ↗
- GVA ADVISORY all shares
Stated in the act
act of 24-06-2026 ↗
- GVA Advisory (BE 0678.449.276) all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 24-06-2026 Capital stated in the act · 18,600 EUR · 750 shares
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Of 1,435 companies in this sector we hold annual accounts for 457. 190 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded07-03-1995
Fiscal year end31-12
Activities, NACEBEL 2025
47791Retail sale of antiques
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454596438
Also
9925:BE0454596438
Registered
15-07-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.