ART DE NAMUR
InactiveART DE NAMUR was declared bankrupt on 26-08-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 20-05-2025, published in the Belgian State Gazette on 28-05-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2022 close31-01-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 16-03-2022, 44 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 filed
2024
not filed
2023
not filed
2022
not filed
2021
44 d late
2020
365 d late
2019
208 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€207k▼ 44.0%
2020 · €370k
2019: €533k
2020: €370k
2019 → 2021
EBIT margin
-55.4%▼ 29.7pp
2020 · -25.8%
2019: 5.1%
2020: -25.8%
2019 → 2021
Net result
€-138k▼ 22.5%
2020 · €-113k
2019: €14k
2020: €-113k
2019 → 2021
Working capital
€-196k▼ 209%
2020 · €-63k
2019: €32k
2020: €-63k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Turnover€533k-€370k▼ 30.5%€207k▼ 44.0%
Equity€105k-€-7k€-145k▼ 1,909%
Operating result€27k-€-95k€-115k▼ 20.5%
Net result€14k-€-113k€-138k▼ 22.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €115k in 2021 against €95k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €88k
Fixed assets
€50k ▼ 10.4%
Current assets
€38k ▼ 62.7%
Key figures and ratios
EBITDA
€-109k▼
2020 · €-73k
Cash flow
€-132k▼
2020 · €-91k
Solvency
-164.4%▼
2020 · -4.6%
Current ratio
0.16▼
2020 · 0.62
Quick ratio
0.04▲
2020 · 0.03
ROA
-156.2%▼
2020 · -71.2%
Debt
€234k▲
2020 · €166k
Debt ≤ 1 year
€234k▲
2020 · €166k
Income taxes
€12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 25 lines
Balance sheet
Code20202021
Assets
Total assets20/58€158k€88k▼
Fixed assets21/28€56k€50k▼
Intangible fixed assets21€32k€28k▼
Tangible fixed assets22/27€2k-
Financial fixed assets28€22k€22k▲
Current assets29/58€102k€38k▼
Stocks and contracts in progress3€98k€28k▼
Cash at bank and in hand54/58€5k€10k▲
Equity and liabilities
Total equity and liabilities10/49€158k€88k▼
Equity10/15€-7k€-145k▼
Contributions10/11€62k€62k=
Reserves13€657k€657k=
Profit (loss) carried forward14€-726k€-865k▼
Amounts payable17/49€166k€234k▲
Amounts payable within one year42/48€166k€234k▲
Trade debts44€71k€87k▲
Income statement
Code20202021
Turnover70€370k€207k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€6k▼
Gross operating margin9900€14k€-70k▼
Operating profit (loss)9901€-95k€-115k▼
Recurring financial charges65€17k€11k▼
Profit (loss) for the period before taxes9903€-113k€-126k▼
Income taxes67/77-€12k
Profit (loss) for the period9904€-113k€-138k▼
Profit (loss) for the period to be appropriated9905€-113k€-138k▼
Timeline · acts, filings and financial milestones
2025
28-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · ART DE NAMUR SA RUE BARA 57, 1070 ANDERLECHT. déclarée le 26 août 2022 · event 20-05-2025
2022
02-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · ART DE NAMUR SA RUE BARA 57, 1070 ANDERLECHT · event 26-08-2022
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 365 days late
2021
30-06
Financial
Weakest financial yearnet €-138k
Net result drops to €-138k, the lowest in the series.
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 208 days late
2019
15-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 15 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 358 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 723 days late
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 788 days late
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 611 days late
29-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 972 days late
2015
05-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 824 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MAIA GUTMANN LE PAIGE RUE DE LA LOI 28,
1040 BRUXELLES 4 |
26-08-2022 → 20-05-2025 |