ART FACADE
InactiveART FACADE was declared bankrupt on 31-12-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 31-03-2026, published in the Belgian State Gazette on 09-04-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 22-12-2021, 144 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
144 d late
2019
509 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€25k▲ 21.4%
2019 · €20k
2018: €16k
2019: €20k
2018 → 2020
Total assets
€108k▲ 185%
2019 · €38k
2018: €23k
2019: €38k
2018 → 2020
Net result
€4k▼ 2.9%
2019 · €5k
2018: €10k
2019: €5k
2018 → 2020
Working capital
€25k▲ 21.4%
2019 · €20k
2018: €16k
2019: €20k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€16k-€20k▲ 28.3%€25k▲ 21.4%
Operating result€10k-€6k▼ 42.2%€6k=
Net result€10k-€5k▼ 53.8%€4k▼ 2.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 0% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €108k
Equity
€25k▲ 21.4%
Debt
€83k▲ 378%
The debt ratio rises from 46.0% to 77.0%. Equity and debt are higher.
Key figures and ratios
Solvency
23.0%▼
2019 · 54.0%
Current ratio
1.30▼
2019 · 2.17
Quick ratio
1.30▼
2019 · 2.17
ROE
17.6%▼
2019 · 22.0%
ROA
4.1%▼
2019 · 11.9%
Debt
€83k▲
2019 · €17k
Debt ≤ 1 year
€83k▲
2019 · €17k
Income taxes
€1k▼
2019 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€38k€108k▲
Current assets29/58€38k€108k▲
Amounts receivable within one year40/41€26k€76k▲
Cash at bank and in hand54/58€10k€30k▲
Equity and liabilities
Total equity and liabilities10/49€38k€108k▲
Equity10/15€20k€25k▲
Contributions10/11€6k€6k=
Reserves13€770€1k▲
Profit (loss) carried forward14€14k€18k▲
Amounts payable17/49€17k€83k▲
Amounts payable within one year42/48€17k€83k▲
Trade debts44€5k€63k▲
Income statement
Code20192020
Gross operating margin9900€6k€6k▲
Operating profit (loss)9901€6k€6k=
Recurring financial income75€24-
Recurring financial charges65€33€174▲
Profit (loss) for the period before taxes9903€6k€5k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€5k€4k▼
Profit (loss) for the period to be appropriated9905€5k€4k▼
Timeline · acts, filings and financial milestones
2026
09-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · ART FACADE BV LT. GRAFFPLEIN 15, 1780 WEMMEL · event 31-03-2026
2025
07-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ART FACADE BV LT. GRAF- FPLEIN 15, 1780 WEMMEL · event 31-12-2024
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 144 days late
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 509 days late
22-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 875 days late
2020
31-12
Financial
Weakest financial yearnet €4k ▼2.9%
Net result drops to €4k, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 | Gerry VERSCHUREN BLEEKSTRAAT 11/003,
2800 MECHELEN |
31-12-2024 → present |