Financials
- Fiscal year
- 2020
- Total assets
- €199,972
- Loss
- -€45,767
- Solvency
- 5.6%
ART WORKER
ActiveSummary
The computed 12-month bankruptcy probability of ART WORKER is ≥ 25% (high). The latest annual accounts of ART WORKER were filed more than 90 days after the deadline. The 2020 annual accounts show equity of €11,161 and a net result of -€45,767. Equity is shrinking by ~55.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2021. The company has been active since 2013 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Overview
Activity
Activity not known1 site
Size
€199,972total assets 2020
- Staff
- 2 FTE
- Equity
- €11,161
- Loss
- -€45,767
Turnover not published (abridged schema)
Financial health
- Bankruptcy chance 12 m
- ≥ 25%
2020 figures too old to score
Structure
Accounts 1525 d overdue0 of 3 deeds read
Signals- Figures for FY 2020 (filed 06-01-2022)- No main activity registered- Ex-officio strike-off in the KBO- 3 financial years not filed after the legal deadline; latest accounts 151 days late; 3 of the last 3 late- Filed more than 90 days late- Administrative warnings in the KBO publicationsNo filing for yearsShow the evidence
Checked score
No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Bankruptcy probability: High
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2020 · tick = 2019
Weak
Solvency
31-16
equity 5.6% of total assets
Liquidity
13-10
short-term debt 73.9% · cash 2.2%
Profitability
0-21
return on assets -22.9%
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 3 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 21.5%
12-2024: 21.5%● 0.0% vs 11-2024
01-2025: 21.5%● 0.0% vs 12-2024
02-2025: 21.5%● 0.0% vs 01-2025
03-2025: 21.4%▼ -0.5% vs 02-2025
04-2025: 21.2%▼ -0.9% vs 03-2025
05-2025: 21.2%● 0.0% vs 04-2025
06-2025: 21.0%▼ -0.7% vs 05-2025
07-2025: 20.2%▼ -3.9% vs 06-2025lowest value
08-2025: 20.2%● 0.0% vs 07-2025lowest value
09-2025: 20.2%● 0.0% vs 08-2025lowest value
10-2025: ≥ 25%▲ +60.5% vs 09-2025highest value
11-2025: ≥ 25%● 0.0% vs 10-2025highest value
12-2025: ≥ 25%● 0.0% vs 11-2025highest value
01-2026: ≥ 25%● 0.0% vs 12-2025highest value
02-2026: ≥ 25%● 0.0% vs 01-2026highest value
03-2026: ≥ 25%● 0.0% vs 02-2026highest value
04-2026: ≥ 25%▼ -0.6% vs 03-2026
05-2026: ≥ 25%● 0.0% vs 04-2026
06-2026: ≥ 25%● 0.0% vs 05-2026
07-2026: ≥ 25%▼ -2.9% vs 06-2026
08-2026: ≥ 25%● 0.0% vs 07-2026
09-2026: ≥ 25%● 0.0% vs 08-2026
10-2026: ≥ 25%● 0.0% vs 09-2026
- Figures for FY 2020 (filed 06-01-2022) raises the probability
- No main activity registered raises the probability
- Ex-officio strike-off in the KBO raises the probability
- 3 financial years not filed after the legal deadline; latest accounts 151 days late; 3 of the last 3 late raises the probability
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Signals
Seven 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 · 7 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline03-10-2026 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 29-12-2021, 151 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
151 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 121 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
- Late accounts filingKBO administration
- Annual accounts filedfiscal year 2020 · micro…
- Weakest financial yearnet -€45,767
Key points
By topic
Timeline
- Events
- 9
- Since
- 2015
- 08-09-2025Late accounts filing
- 29-12-2021Annual accounts filed
- 31-12-2020Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Founded
- 09-10-2013
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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