ART PAINTING
InactiveART PAINTING was declared bankrupt on 06-06-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 19-12-2024, published in the Belgian State Gazette on 24-12-2024.
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 31-12-2022, 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
31-12-2022 close31-07-2023 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 21-03-2024, 599 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
599 d late
2020
33 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-5k▲ 71.8%
2020 · €-17k
2018: €2k
2019: €-17k
2020: €-17k
2018 → 2021
Total assets
€28k▲ 46.5%
2020 · €19k
2018: €27k
2019: €17k
2020: €19k
2018 → 2021
Net result
€12k▲ 14,722%
2020 · €80
2018: €606
2019: €-19k
2020: €80
2018 → 2021
Working capital
€-7k▲ 65.5%
2020 · €-20k
2018: €1k
2019: €-21k
2020: €-20k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€2k-€-17k€-17k▲ 0.5%€-5k▲ 71.8%
Operating result€3k-€-17k€1k€17k▲ 1,162%
Net result€606-€-19k€80€12k▲ 14,722%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 1,162% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €28k
Fixed assets
€2k ▼ 50.7%
Current assets
€25k ▲ 76.8%
Key figures and ratios
EBITDA
€20k▲
2020 · €6k
Cash flow
€14k▲
2020 · €5k
Solvency
-17.0%▲
2020 · -88.1%
Current ratio
0.79▲
2020 · 0.42
Quick ratio
0.77▲
2020 · 0.40
Debt / equity
-6.88▼
2020 · -0.07
ROA
43.2%▲
2020 · 0.4%
Interest coverage
10.30
Debt
€32k▼
2020 · €35k
Debt ≤ 1 year
€32k▼
2020 · €34k
Income taxes
€3k
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 · 2021 against 2020 · 44 lines
Balance sheet
Code20202021
Assets
Total assets20/58€19k€28k▲
Fixed assets21/28€4k€2k▼
Intangible fixed assets21€1€1=
Tangible fixed assets22/27€4k€2k▼
Plant, machinery and equipment23-€2k
Financial fixed assets28€90€340▲
Current assets29/58€14k€25k▲
Stocks and contracts in progress3€627€627=
Stocks30/36-€627
Amounts receivable within one year40/41€14k€25k▲
Trade receivables40-€25k
Other amounts receivable41-€165
Equity and liabilities
Total equity and liabilities10/49€19k€28k▲
Equity10/15€-17k€-5k▲
Contributions10/11€6k€6k=
Reserves13€4k€4k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€2k
Profit (loss) carried forward14€-27k€-15k▲
Amounts payable17/49€35k€32k▼
Amounts payable after more than one year17€1k-
Amounts payable within one year42/48€34k€32k▼
Financial debts43-€20k
Credit institutions430/8-€20k
Trade debts44€4k€5k▲
Suppliers440/4-€5k
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48-€4k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8-€502
Gross operating margin9900€6k€20k▲
Operating profit (loss)9901€1k€17k▲
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B-€2k
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€80€15k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€80€12k▲
Profit (loss) for the period to be appropriated9905€80€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-15k
Profit (loss) brought forward from the previous period14P-€-27k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
24-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · ART PAINTING BV NEERLINTERSESTEENWEG(OPL) 10/4, 3300 TIENEN · event 19-12-2024
12-06
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · ART PAINTING BV NEERLIN- TERSESTEENWEG(OPL) 10/4, 3300 TIENEN · event 06-06-2024
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 599 days late
2021
31-12
Financial
Highest result since 2018net €12k ▲14722%
Operating result €17k, net result €12k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €80
Net result €80 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-19k ▼3244%
Net result drops to €-19k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
19-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 19 days late
2013
25-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
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 | ILSE VAN DE MIEROP WOLSTRAAT 70, 1000 BRUSSEL 1- |
06-06-2024 → present |