Art2Sell
Bankruptcy closedInactive since 05-06-2026; last annual accounts for fiscal year 2021.
Summary
Art2Sell was declared bankrupt on 18-12-2024 (Ondernemingsrechtbank Gent, afdeling Veurne); the bankruptcy was closed for insufficient assets by judgment of 03-06-2026, published in the Belgian State Gazette on 08-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 10-05-2022, 10 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
2023
not filed
2022
not filed
2021
10 d late
2020
1 d early
2019
on the day
2018
13 d early
2017
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days before the deadline; the sector median for financial year 2023 is 12 days before the deadline, and 29% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the Activities of holding companies sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
€60,580▲ 72.9%
2020 · €35,044
Net result
€25,536▲ 408%
2020 · €5,025
Total assets
€105,144▲ 27.0%
2020 · €82,817
Solvency
57.6%▲ 15.3pp
2020 · 42.3%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€45,518-€27,877▼ 38.8%€8,644▼ 69.0%€36,276▲ 320%
Net result€34,353-€17,153▼ 50.1%€5,025within the sector's middle half▼ 70.7%€25,536within the sector's middle half▲ 408%
Equity€12,867-€30,020▲ 133%€35,044below the sector's middle half▲ 16.7%€60,580within the sector's middle half▲ 72.9%
Total assets€50,278-€78,854▲ 56.8%€82,817below the sector's middle half▲ 5.0%€105,144below the sector's middle half▲ 27.0%
Debt€37,411-€48,834▲ 30.5%€47,773▼ 2.2%€44,564▼ 6.7%
Working capital€7,503-€13,272▲ 76.9%€18,467within the sector's middle half▲ 39.1%€48,094within the sector's middle half▲ 160%
Solvency25.6%-38.1%▲ 12.5pp42.3%within the sector's middle half▲ 4.2pp57.6%within the sector's middle half▲ 15.3pp
Current ratio1.21-1.28▲ 0.071.40within the sector's middle half▲ 0.112.08within the sector's middle half▲ 0.68
Return on assets (ROA)68.3%-21.8%▼ 46.6pp6.1%within the sector's middle half▼ 15.7pp24.3%above the sector's middle half▲ 18.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 2021; 2021 is 320% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €105,144
Fixed assets
€12,486 ▼ 29.2%
Current assets
€92,658 ▲ 42.1%
Equity and liabilities €105,144
Equity
€60,580 ▲ 72.9%
Debt
€44,564 ▼ 6.7%
Debt's share of the balance-sheet total falls from 57.7% to 42.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
42.2%▲
2020 · 14.3%
Debt ≤ 1 year
€44,564▼
2020 · €46,723
Income taxes
€13,208▲
2020 · €3,443
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,736 | €4,822 | €3,551 | €4,421 | ▲ 24.5% |
| Other operating charges640/8 | - | - | - | €2,805 | - |
| Gross operating margin9900 | €53,506 | €37,635 | €17,549 | €43,502 | ▲ 148% |
| Operating profit (loss)9901 | €45,518 | €27,877 | €8,644 | €36,276 | ▲ 320% |
| Financial income75/76B | - | - | - | €4,620 | - |
| Recurring financial income75 | €41 | €0 | €3,309 | €4,620 | ▲ 39.6% |
| Financial charges65/66B | - | - | - | €2,151 | - |
| Recurring financial charges65 | €1,740 | €1,617 | €3,485 | €2,151 | ▼ 38.3% |
| Profit (loss) for the period before taxes9903 | €43,819 | €26,261 | €8,467 | €38,744 | ▲ 358% |
| Income taxes67/77 | €9,466 | €9,108 | €3,443 | €13,208 | ▲ 284% |
| Profit (loss) for the period9904 | €34,353 | €17,153 | €5,025 | €25,536 | ▲ 408% |
| Profit (loss) for the period to be appropriated9905 | €34,353 | €17,153 | €5,025 | €25,536 | ▲ 408% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €50,278 | €78,854 | €82,817 | €105,144 | ▲ 27.0% |
| Fixed assets21/28 | €7,507 | €18,253 | €17,627 | €12,486 | ▼ 29.2% |
| Intangible fixed assets21 | €435 | €1,378 | €1,016 | €653 | ▼ 35.7% |
| Tangible fixed assets22/27 | €6,672 | €15,755 | €15,491 | €11,433 | ▼ 26.2% |
| Plant, machinery and equipment23 | - | - | - | €1,626 | - |
| Furniture and vehicles24 | - | - | - | €9,807 | - |
| Financial fixed assets28 | €400 | €1,120 | €1,120 | €400 | ▼ 64.3% |
| Current assets29/58 | €42,771 | €60,601 | €65,190 | €92,658 | ▲ 42.1% |
| Amounts receivable within one year40/41 | €29,789 | €49,303 | €61,702 | €86,647 | ▲ 40.4% |
| Trade receivables40 | - | - | - | €21,570 | - |
| Other amounts receivable41 | - | - | - | €65,077 | - |
| Cash at bank and in hand54/58 | €12,982 | €10,022 | €2,575 | €5,886 | ▲ 129% |
| Deferred charges and accrued income490/1 | - | - | - | €124 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €50,278 | €78,854 | €82,817 | €105,144 | ▲ 27.0% |
| Equity10/15 | €12,867 | €30,020 | €35,044 | €60,580 | ▲ 72.9% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | - |
| Reserves13 | €467 | €17,620 | €22,644 | €48,180 | ▲ 113% |
| Non-distributable reserves130/1 | - | - | - | €467 | - |
| Reserves not available under the articles1311 | - | - | - | €467 | - |
| Distributable reserves133 | - | - | - | €47,713 | - |
| Profit (loss) carried forward14 | -€13,904 | -€33,886 | - | - | - |
| Amounts payable17/49 | €37,411 | €48,834 | €47,773 | €44,564 | ▼ 6.7% |
| Amounts payable within one year42/48 | €35,268 | €47,329 | €46,723 | €44,564 | ▼ 4.6% |
| Trade debts44 | €8,335 | €4,521 | €14,988 | €10,650 | ▼ 28.9% |
| Suppliers440/4 | - | - | - | €10,650 | - |
| Taxes, remuneration and social security45 | - | - | - | €33,913 | - |
| Taxes450/3 | - | - | - | €33,913 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,353 | €17,153 | €5,025 | €25,536 | ▲ 408% |
| + Depreciation and write-downs630 | €3,736 | €4,822 | €3,551 | €4,421 | ▲ 24.5% |
| Operating cash flow (approximation) | €38,089 | €21,974 | €8,575 | €29,957 | ▲ 249% |
| Investment in fixed assets (approximation) | - | -€15,568 | -€2,925 | €720 | ▲ 125% |
| Change in cash | - | -€2,960 | -€7,448 | €3,311 | ▲ 144% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
08-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Veurne · event 03-06-2026
2024
24-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Veurne · event 18-12-2024
2022
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €5,025 ▼70.7%
Net result drops to €5,025, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
22-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-04
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.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Koksijde
Ground area
1,098 m²
Building footprint
196 m²
Volume, LiDAR
1,913 m³
Parcel 38342G0621/00A000, Flanders · tallest building 12.4 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38342G0621/00A000 | Flanders | 1,098 m² | 1 · 196 m² | 12.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LUTGART GODDERIS Albert I Laan 8, 8630 Veurne |
18-12-2024 → 03-06-2026 |
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Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded13-10-2010
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830225770
Registered
28-08-2023
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.