Equity
ART 'E PLUS has made a profit without a break since 2020.
ART 'E PLUS has made a profit without a break since 2020.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts fell from €35,991 to €15,159.
The last five annual accounts were filed 0 to 1 days before the end of the period.
Higher solvency than 82% of companies in education. Sector median 43.8% · 2,612 companies.
The dashed line is the sector median: 0.1% across 3,825 companies (NACE 85, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, micro). It does better than 88% of them on solvency, 52% on liquidity, 76% on profitability and 78% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 31,368 companies had the same profile as ART 'E PLUS has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ART 'E PLUS itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for ART 'E PLUS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.57 (2.28 in 2024), above the usual 1.5. Short-term debt is 19.9% and cash 15.2% of total assets. 19.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ART 'E PLUS Kortenberg | €76,253 | €23,427 | 80.1% | - |
| ByLyN Diest | €75,572 | €19,172 | 48.7% | - |
| DAO Hasselt | €80,445 | €28,943 | 71.1% | - |
| OVERBOARDER Schoten | €74,754 | €23,602 | 27.3% | - |
| KeyOB Charleroi | €54,583 | €15,146 | 40.6% | - |
| EQUIDO Tervuren | €116,862 | €12,224 | 70.4% | - |
| N.J. Explore Tienen | €131,819 | €36,976 | 78.0% | - |
These companies have the same main activity as ART 'E PLUS: sports and recreation education (NACE 85510). They are comparable in size and age: total assets between €54,600 and €132,000, founded between 2001 and 2007.
ART 'E PLUS files the micro format. That format states no turnover. The gross margin rose from -€113 in 2007 to €23,427 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €86,000. Estimated: probably between €58,000 and €170,000.
Higher than 82% of 2,612 companies in 2025.
Higher than 73% of 2,481 companies in 2025.
Higher than 71% of 2,510 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
76,253 | 81,985 | 40,233 | 43,079 | 46,844 | 45,149 | 46,583 | 42,732 | 46,564 | 61,142 | 78,888 | 78,998 | 95,370 | 93,395 | 110,486 | 119,030 | 123,122 | 103,351 | 89,793 | |
21/28 |
22,061 | - | 11,250 | 17,500 | 15,499 | 8,498 | 18,050 | 7,417 | 27,776 | 38,911 | 51,586 | 65,952 | 74,510 | 79,438 | 83,621 | 97,884 | 87,601 | 65,088 | 63,092 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100 | |
22/27 |
22,061 | - | 11,250 | 17,500 | 15,499 | 8,498 | 18,050 | 7,417 | 27,776 | 38,911 | 51,586 | 65,952 | 74,510 | 79,438 | 83,621 | 97,884 | 87,601 | 65,088 | 62,992 | |
22 |
22,061 | - | - | - | - | - | - | - | 1,446 | 4,069 | 5,419 | 6,768 | 8,118 | 9,468 | 10,817 | 12,167 | 50,549 | 14,866 | 16,216 | |
23 |
- | - | 11,250 | 17,500 | 11,250 | - | 1,054 | 2,107 | 3,161 | - | 380 | 760 | 1,140 | 1,520 | - | - | - | 256 | 512 | |
24 |
- | - | - | - | 4,249 | 8,498 | 16,996 | - | - | 1,743 | 2,759 | 5,467 | 5,676 | 8,874 | 13,227 | 26,140 | 37,052 | 49,965 | 46,263 | |
26 |
- | - | - | - | - | - | - | 5,310 | 23,169 | 33,098 | 43,028 | 52,957 | 59,577 | 59,577 | 59,577 | 59,577 | - | - | - | |
29/58 |
54,192 | 81,985 | 28,983 | 25,579 | 31,345 | 36,651 | 28,533 | 35,315 | 18,788 | 22,231 | 27,302 | 13,046 | 20,860 | 13,956 | 26,865 | 21,146 | 35,521 | 38,263 | 26,701 | |
3 |
199 | 225 | 173 | 210 | 245 | 312 | 366 | 581 | 886 | 776 | 905 | 2,390 | 2,390 | 2,840 | 15,210 | 15,370 | 15,970 | 29,512 | 16,617 | |
30/36 |
199 | 225 | 173 | 210 | 245 | 312 | 366 | 581 | 886 | 776 | 905 | 2,390 | 2,390 | 2,840 | 15,210 | 15,370 | 15,970 | 29,512 | 16,617 | |
40/41 |
28,905 | 41,807 | 17,306 | 7,830 | 7,332 | 6,687 | 6,066 | 5,814 | 8,495 | 5,582 | 19,242 | 4,396 | 5,572 | 5,879 | 10,964 | 5,495 | 4,288 | 7,250 | 6,785 | |
40 |
- | 29,858 | 14,141 | 6,634 | 7,332 | 6,661 | 6,066 | 5,814 | 7,672 | 4,721 | 19,242 | 4,396 | 5,572 | 5,879 | 10,964 | 5,495 | 4,288 | 6,553 | 6,733 | |
41 |
28,905 | 11,949 | 3,164 | 1,196 | - | 25 | - | - | 824 | 860 | - | - | - | - | - | - | - | 696 | 52 | |
50/53 |
13,528 | 35,000 | 6,414 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 4,100 | 4,100 | 4,100 | - | - | 11,000 | - | - | |
54/58 |
11,560 | 4,953 | 5,091 | 11,439 | 17,451 | 23,336 | 14,024 | 21,625 | 3,307 | 7,630 | 682 | 1,787 | 8,424 | 764 | 318 | 282 | 4,264 | 192 | 1,201 | |
490/1 |
- | - | - | - | 217 | 217 | 1,977 | 1,195 | - | 2,144 | 373 | 373 | 373 | 373 | 373 | - | - | 1,310 | 2,097 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
76,253 | 81,985 | 40,233 | 43,079 | 46,844 | 45,149 | 46,583 | 42,732 | 46,564 | 61,142 | 78,888 | 78,998 | 95,370 | 93,395 | 110,486 | 119,030 | 123,122 | 103,351 | 89,793 | |
10/15 |
61,094 | 45,994 | 28,875 | 22,924 | 18,648 | 12,864 | 4,577 | 6,287 | 3,288 | 7,521 | 6,541 | 5,115 | 7,795 | -582 | 2,902 | 1,810 | 8,347 | 1,143 | 3,114 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
40,634 | 25,534 | 8,415 | 2,464 | -1,812 | -7,596 | -14,023 | -12,313 | -15,312 | -11,079 | -12,059 | -13,485 | -10,805 | -19,182 | -15,698 | -16,790 | -10,253 | -17,457 | -15,486 | |
17/49 |
15,159 | 35,991 | 11,359 | 20,155 | 28,197 | 32,285 | 42,006 | 36,445 | 43,275 | 53,621 | 72,347 | 73,883 | 87,575 | 93,976 | 107,584 | 117,220 | 114,775 | 102,208 | 86,679 | |
17 |
- | - | - | - | 4,173 | 8,952 | 16,960 | 24,000 | 39,000 | 39,000 | 39,000 | 39,000 | 39,000 | 39,000 | 39,000 | 39,000 | 42,968 | 47,071 | 43,379 | |
170/4 |
- | - | - | - | 4,173 | 8,952 | 16,960 | 24,000 | 39,000 | 39,000 | 39,000 | 39,000 | 39,000 | 39,000 | 39,000 | 39,000 | 42,968 | 47,071 | 43,379 | |
42/48 |
15,159 | 35,991 | 11,359 | 20,155 | 24,023 | 23,333 | 25,046 | 12,445 | 4,275 | 14,621 | 33,347 | 34,883 | 48,575 | 54,976 | 68,584 | 78,220 | 71,807 | 55,136 | 43,300 | |
42 |
- | - | - | 4,089 | 9,596 | 7,576 | 9,407 | - | - | - | - | - | - | - | - | 3,968 | 4,103 | 8,259 | 4,181 | |
44 |
4,066 | 5,843 | 7,583 | 7,796 | 8,898 | 6,877 | 7,032 | 4,655 | 3,970 | 6,074 | 10,754 | 8,141 | 7,231 | 3,642 | 9,498 | 4,789 | 5,653 | 3,678 | 5,098 | |
440/4 |
4,066 | 5,843 | 7,583 | 7,796 | 8,898 | 6,877 | 7,032 | 4,655 | 3,970 | 6,074 | 10,754 | 8,141 | 7,231 | 3,642 | 9,498 | 4,789 | 5,653 | 3,678 | 5,098 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34,022 | |
45 |
11,093 | 18,149 | 3,776 | 3,271 | 4,600 | 2,390 | - | 3,260 | - | 434 | 6,655 | 2,561 | 1,052 | 3,072 | 2,010 | 7,306 | 4,768 | - | - | |
450/3 |
11,093 | 17,956 | 3,776 | 3,271 | 3,209 | 999 | - | 3,260 | - | 434 | 3,961 | 1,204 | 1,052 | 1,747 | 694 | 4,448 | 1,912 | - | - | |
454/9 |
- | 193 | - | - | 1,391 | 1,391 | - | - | - | - | 2,694 | 1,357 | - | 1,325 | 1,315 | 2,858 | 2,856 | - | - | |
47/48 |
- | 12,000 | - | 5,000 | 930 | 6,491 | 8,607 | 4,531 | 306 | 8,113 | 15,938 | 24,181 | 40,292 | 48,263 | 57,076 | 62,158 | 57,283 | 43,199 | - | |
| Income statement | ||||||||||||||||||||
76A |
2,000 | 5,135 | - | - | - | - | - | - | - | - | 1,437 | - | - | - | - | - | - | - | - | |
9900 |
23,427 | 51,064 | 16,752 | 20,827 | 16,057 | 27,354 | 18,426 | 25,279 | 15,591 | 18,277 | 21,502 | 10,266 | 16,202 | 18,904 | 11,152 | 19,412 | 22,816 | 8,990 | -113 | |
630 |
187 | 11,250 | 6,250 | 7,999 | 7,999 | 9,552 | 14,861 | 20,359 | 15,350 | 12,675 | 15,663 | 11,500 | 6,210 | 6,082 | 9,264 | 22,882 | 14,519 | 9,620 | 2,459 | |
640/8 |
1,296 | 599 | 1,796 | 530 | 565 | 913 | 1,484 | 479 | 1,412 | 2,065 | 1,030 | 1,458 | 1,190 | 1,624 | 188 | 816 | 503 | 815 | 488 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 12,173 | 122 | - | - | - | - | |
9901 |
21,944 | 39,215 | 8,706 | 12,298 | 7,493 | 16,889 | 2,081 | 4,442 | -1,170 | 3,537 | 4,810 | -2,692 | 8,802 | 11,198 | 1,699 | -4,285 | 7,795 | -1,445 | -3,059 | |
75/76B |
153 | 739 | 42 | 50 | 11 | 219 | 35 | 112 | 150 | 172 | 85 | 55 | 157 | 2 | 89 | 358 | 17 | 0 | 90 | |
75 |
153 | 739 | 42 | 50 | 11 | 219 | 35 | 112 | 150 | 172 | 85 | 55 | 157 | 2 | 89 | 358 | 17 | 0 | 90 | |
65/66B |
124 | 115 | 205 | 516 | 299 | 538 | 684 | 385 | 260 | 59 | 264 | 42 | 82 | 91 | 185 | 434 | 609 | 526 | 660 | |
65 |
124 | 115 | 205 | 516 | 299 | 538 | 684 | 385 | 260 | 59 | 264 | 42 | 82 | 91 | 185 | 434 | 609 | 526 | 660 | |
9903 |
21,973 | 39,838 | 8,544 | 11,831 | 7,206 | 16,570 | 1,432 | 4,169 | -1,280 | 3,650 | 6,068 | -2,680 | 8,877 | -1,064 | 1,480 | -4,361 | 7,203 | -1,970 | -3,629 | |
67/77 |
6,873 | 10,719 | 2,594 | 2,555 | 1,422 | 2,284 | 3,142 | 1,171 | 2,953 | 2,670 | 4,642 | - | 501 | 2,419 | 388 | 2,176 | - | - | - | |
9904 |
15,100 | 29,119 | 5,950 | 9,277 | 5,784 | 14,287 | -1,710 | 2,999 | -4,232 | 980 | 1,426 | -2,680 | 8,377 | -3,484 | 1,092 | -6,537 | 7,203 | -1,970 | -3,629 | |
9905 |
15,100 | 29,119 | 5,950 | 9,277 | 5,784 | 14,287 | -1,710 | 2,999 | -4,232 | 980 | 1,426 | -2,680 | 8,377 | -3,484 | 1,092 | -6,537 | 7,203 | -1,970 | -3,629 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
40,634 | 37,534 | 8,415 | 7,464 | -1,812 | 264 | -14,023 | -12,313 | -15,312 | -11,079 | -12,059 | -13,485 | -10,805 | -19,182 | -15,698 | -16,790 | -10,253 | -17,457 | -15,486 | |
14P |
25,534 | 8,415 | 2,464 | -1,812 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | 12,000 | - | 5,000 | - | 6,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | 12,000 | - | 5,000 | - | 6,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 4 older financial years (2003-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 31-01-2026 | 2026-00025484 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00022482 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00018880 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00015001 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03400574 | |
| 30-06-2020 | micro format | 31-01-2021 | 2021-03700373 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03400597 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-04200132 | |
| 30-06-2017 | micro format | 31-01-2018 | 2018-04100038 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03200409 | |
| 30-06-2015 | abbreviated format | 22-01-2016 | 2016-02600047 | |
| 30-06-2014 | abbreviated format | 30-01-2015 | 2015-03200282 | |
| 30-06-2013 | abbreviated format | 21-02-2014 | 2014-04600499 | |
| 30-06-2012 | abbreviated format | 13-02-2013 | 2013-03500154 | |
| 30-06-2011 | abbreviated format | 14-02-2012 | 2012-03500398 | |
| 30-06-2010 | abbreviated format | 15-02-2011 | 2011-03900513 | |
| 30-06-2009 | abbreviated format | 12-02-2010 | 2010-04200584 | |
| 30-06-2008 | abbreviated format | 30-01-2009 | 2009-03000054 | |
| 30-06-2007 | abbreviated format | 30-01-2008 | 2008-03200133 | |
| 30-06-2006 | abbreviated format | 31-01-2007 | 2007-03703745 | |
| 30-06-2005 | abbreviated format | 23-01-2006 | 2006-02404402 | |
| 30-06-2004 | abbreviated format | 11-04-2005 | 2005-11304356 | |
| 30-06-2003 | abbreviated format | 16-03-2004 | 2004-07401058 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22,131 | 50,465 | 14,956 | 20,297 | 15,492 | 26,441 | 16,942 | 24,800 | 14,180 | 16,212 | 20,473 | 8,808 | 15,012 | 17,280 | 10,963 | 18,597 | 22,313 | 8,175 | -600 | ||
| 15,287 | 40,369 | 12,200 | 17,275 | 13,783 | 23,838 | 13,152 | 23,357 | 11,117 | 13,655 | 17,089 | 8,821 | 14,587 | 2,598 | 10,356 | 16,345 | 21,722 | 7,650 | -1,170 | ||
| 22,248 | 0 | 0 | 10,000 | 15,000 | 0 | 25,494 | 0 | 4,215 | 0 | 1,297 | 2,942 | 1,282 | 1,899 | -4,998 | 33,165 | 37,032 | 15,639 | - | ||
| 6,607 | -138 | -6,348 | -6,012 | -5,884 | 9,312 | -7,601 | 18,318 | -4,323 | 6,948 | -1,105 | -6,637 | 7,660 | 446 | 36 | -3,981 | 4,072 | -1,010 | - | ||
| 39,033 | 45,994 | 17,625 | 5,424 | 7,322 | 13,318 | 3,488 | 22,870 | 14,513 | 7,610 | -6,045 | -21,837 | -27,715 | -41,020 | -41,719 | -57,074 | -36,286 | -16,873 | -16,599 | ||
| 80.1% | 56.1% | 71.8% | 53.2% | 39.8% | 28.5% | 9.8% | 14.7% | 7.1% | 12.3% | 8.3% | 6.5% | 8.2% | -0.6% | 2.6% | 1.5% | 6.8% | 1.1% | 3.5% | ||
| 3.57 | 2.28 | 2.55 | 1.27 | 1.30 | 1.57 | 1.14 | 2.84 | 4.39 | 1.52 | 0.82 | 0.37 | 0.43 | 0.25 | 0.39 | 0.27 | 0.49 | 0.69 | 0.62 | ||
| 3.56 | 2.27 | 2.54 | 1.26 | 1.29 | 1.56 | 1.12 | 2.79 | 4.19 | 1.47 | 0.79 | 0.31 | 0.38 | 0.20 | 0.17 | 0.07 | 0.27 | 0.16 | 0.23 | ||
| 0.25 | 0.78 | 0.39 | 0.88 | 1.51 | 2.51 | 9.18 | 5.80 | 13.16 | 7.13 | 11.06 | 14.44 | 11.24 | - | 37.07 | 64.77 | 13.75 | 89.40 | 27.84 | ||
| 24.7% | 63.3% | 20.6% | 40.5% | 31.0% | 111.1% | -37.4% | 47.7% | -128.7% | 13.0% | 21.8% | -52.4% | 107.5% | - | 37.6% | -361.2% | 86.3% | -172.3% | -116.6% | ||
| 19.8% | 35.5% | 14.8% | 21.5% | 12.3% | 31.6% | -3.7% | 7.0% | -9.1% | 1.6% | 1.8% | -3.4% | 8.8% | -3.7% | 1.0% | -5.5% | 5.9% | -1.9% | -4.0% | ||
| over 100 | over 100 | 73.10 | 39.30 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €22,248 | - | - | €10,000 |
| €187 | €11,250 | €6,250 | €7,999 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 44% lower than in 2024.
Debt's share of the balance-sheet total falls from 43.9% to 19.9%. Equity is higher and debt is lower.
ART 'E PLUS has no parent and no holdings in its annual accounts. ART 'E PLUS shares no director with another company.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Molenbeekplein 40 registered office 3071 Kortenberg 01430 Raising of horses and other equines | 23-09-2002 | 2.114.423.123 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24025D0044/00H000 | 2,905 m² | 1 · 157 m² | 7.3 m · 2 |
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