art2work
ActiveSummary
art2work has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €449,684 and a net result of €88,542. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 53% of 615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
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Signals
This company filed its last 6 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
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Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,792 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €38,245 | €73,676 | €79,638 | €170,632 | €167,145 | ▼ 2.0% |
| Non-recurring operating income76A | - | - | - | - | €562 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €141,115 | €176,177 | €181,254 | €232,795 | ▲ 28.4% |
| Remuneration, social security and pensions62 | - | €923,338 | €1.0m | €1.1m | €1.2m | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,647 | €46,848 | €45,574 | €44,908 | €42,872 | ▼ 4.5% |
| Other operating charges640/8 | - | €156 | - | €379 | €588 | ▲ 55.1% |
| Gross operating margin9900 | €857,114 | €931,871 | €1.2m | €1.3m | €1.3m | ▲ 4.7% |
| Operating profit (loss)9901 | -€19,490 | -€38,472 | €107,789 | €83,633 | €88,623 | ▲ 6.0% |
| Financial income75/76B | - | €50 | €170 | €219 | €345 | ▲ 57.7% |
| Recurring financial income75 | €124 | €50 | €170 | €219 | €345 | ▲ 57.7% |
| Non-recurring financial income76B | - | €1 | - | - | - | - |
| Financial charges65/66B | - | €322 | €2,116 | €2,532 | €426 | ▼ 83.2% |
| Recurring financial charges65 | €705 | €322 | €2,116 | €2,532 | €426 | ▼ 83.2% |
| Profit (loss) for the period before taxes9903 | -€20,071 | -€38,744 | €105,844 | €81,320 | €88,542 | ▲ 8.9% |
| Profit (loss) for the period9904 | -€20,071 | -€38,744 | €105,844 | €81,320 | €88,542 | ▲ 8.9% |
| Profit (loss) for the period to be appropriated9905 | -€20,071 | -€38,744 | €105,844 | €81,320 | €88,542 | ▲ 8.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €559,326 | €579,662 | €639,810 | €679,053 | €766,675 | ▲ 12.9% |
| Fixed assets21/28 | €183,781 | €202,312 | €156,738 | €111,830 | €68,958 | ▼ 38.3% |
| Tangible fixed assets22/27 | €179,576 | €198,107 | €152,533 | €107,626 | €64,753 | ▼ 39.8% |
| Furniture and vehicles24 | - | €4,737 | €2,035 | - | - | - |
| Other tangible fixed assets26 | - | €193,370 | €150,498 | €107,626 | €64,753 | ▼ 39.8% |
| Financial fixed assets28 | €4,205 | €4,205 | €4,205 | €4,205 | €4,205 | = |
| Current assets29/58 | €375,545 | €377,350 | €483,072 | €567,222 | €697,717 | ▲ 23.0% |
| Amounts receivable within one year40/41 | €270,503 | €96,100 | €440,109 | €426,081 | €388,946 | ▼ 8.7% |
| Trade receivables40 | - | €12,730 | €12,860 | €33,964 | €44,284 | ▲ 30.4% |
| Other amounts receivable41 | - | €83,370 | €427,250 | €392,117 | €344,662 | ▼ 12.1% |
| Cash at bank and in hand54/58 | €104,829 | €278,071 | €42,963 | €141,141 | €304,333 | ▲ 116% |
| Deferred charges and accrued income490/1 | - | €3,179 | - | - | €4,438 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €559,326 | €579,662 | €639,810 | €679,053 | €766,675 | ▲ 12.9% |
| Equity10/15 | €320,991 | €299,579 | €363,556 | €403,009 | €449,684 | ▲ 11.6% |
| Reserves13 | - | €100,000 | €150,000 | €195,000 | €245,000 | ▲ 25.6% |
| Profit (loss) carried forward14 | €50,222 | €11,479 | €67,322 | €103,642 | €142,184 | ▲ 37.2% |
| Investment grants15 | - | €188,100 | €146,234 | €104,367 | €62,500 | ▼ 40.1% |
| Amounts payable17/49 | €238,335 | €280,083 | €276,254 | €276,044 | €316,991 | ▲ 14.8% |
| Amounts payable after more than one year17 | €800 | - | - | - | - | - |
| Amounts payable within one year42/48 | €217,535 | €205,236 | €270,362 | €212,456 | €177,491 | ▼ 16.5% |
| Financial debts43 | - | - | €113,434 | - | - | - |
| Credit institutions430/8 | - | - | €113,434 | - | - | - |
| Trade debts44 | €11,354 | €78,353 | €16,026 | €48,617 | €13,750 | ▼ 71.7% |
| Suppliers440/4 | - | €78,353 | €16,026 | €48,617 | €13,750 | ▼ 71.7% |
| Taxes, remuneration and social security45 | - | €85,890 | €99,909 | €115,465 | €115,347 | ▼ 0.1% |
| Taxes450/3 | - | - | €264 | - | - | - |
| Remuneration and social security454/9 | - | €85,890 | €99,645 | €115,465 | €115,347 | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | €74,847 | €5,892 | €63,587 | €139,500 | ▲ 119% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,071 | -€38,744 | €105,844 | €81,320 | €88,542 | ▲ 8.9% |
| + Depreciation and write-downs630 | €38,647 | €46,848 | €45,574 | €44,908 | €42,872 | ▼ 4.5% |
| Operating cash flow (approximation) | €18,576 | €8,104 | €151,417 | €126,227 | €131,414 | ▲ 4.1% |
| Investment in fixed assets (approximation) | - | -€65,379 | €0 | €0 | €0 | - |
| Change in cash | - | €173,241 | -€235,108 | €98,178 | €163,192 | ▲ 66.2% |
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
06-03
State Gazette act
Resignations: Anne Descheemaeker (director) and Roberta Stebel (verantwoordelijke voor het dagelijks bestuur)Appointment: Willem Vervaeke (director)7 facts ▸
- General meeting, 25-02-2026
- Director resignation, Anne Descheemaeker (director)
- Director appointment, Willem Vervaeke (director (executive))
- Director resignation, Roberta Stebel (verantwoordelijke voor het dagelijks bestuur)
- Board composition, Quentin David (director)
- Board composition, Arabi Aroug (director)
- Board composition, Tijs de Geyndt (director)
24-12
State Gazette act
Resignation: Peter Jolling (director)Appointment: Tijs de Geyndt (director) · Statutes amendment8 facts ▸
- General meeting, 05-11-2025
- Statutes amendment
- Director resignation, Peter Jolling (director)
- Director appointment, Tijs de Geyndt (director)
- Board composition, Anne Descheemaeker (director)
- Board composition, Quentin David (director)
- Board composition, Arabi Aroug (director)
- Board composition, Tijs de Geyndt (director)
03-10
State Gazette act
Resignations: Yamina El Fahsi, Emilie Anseeuw and 3 othersAppointments: Arabi Aroug, Quentin David and Roberta Stebel13 facts ▸
- General meeting, 11-09-2025
- Director resignation, Yamina El Fahsi (director)
- Director resignation, Emilie Anseeuw (director)
- Director resignation, Justin Bindariye (director)
- Director appointment, Arabi Aroug (director)
- Director appointment, Quentin David (director)
- Board composition, Arabi Aroug (director)
- Board composition, Anne Descheemaeker (director)
- Board composition, Quentin David (director)
- Board composition, Peter Joling (director)
- Director resignation, Drifa Mourade (day-to-day manager)
- Director resignation, Bruno Casabona (day-to-day manager)
- +1 further facts in this act
30-01
State Gazette act
Withdrawal: Bert Schreurs (member)Admissions: Roel Forceville, Anne Descheemaeker and 2 others · Resignations: Bert Schreurs, Anissa Benali and Wim Embrechts · Appointments: Anne Descheemaeker, Justin Bindariye and 4 others21 facts ▸
- General meeting, 28-11-2024
- Member resignation, Bert Schreurs
- Member admission, Roel Forceville
- Member admission, Anne Descheemaeker
- Member admission, Justin Bindariye
- Member admission, Peter Joling
- Director resignation, Bert Schreurs (director)
- Director resignation, Anissa Benali (director)
- Director appointment, Anne Descheemaeker (director)
- Director appointment, Justin Bindariye (director)
- Director appointment, Peter Joling (director)
- Board composition, Yamina EI Fahsi (director)
- +9 further facts in this act
30-01
State Gazette act
Withdrawal: Bert Schreurs (member)Admissions: Roel Forceville, Anne Descheemaeker and 2 others · Resignations: Bert Schreurs, Anissa Benali and Wim Embrechts · Appointments: Anne Descheemaeker, Justin Bindariye and 4 others21 facts ▸
- General meeting, 28-11-2024
- Member resignation, Bert Schreurs
- Member admission, Roel Forceville
- Member admission, Anne Descheemaeker
- Member admission, Justin Bindariye
- Member admission, Peter Joling
- Director resignation, Bert Schreurs (director)
- Director resignation, Anissa Benali (director)
- Director appointment, Anne Descheemaeker (director)
- Director appointment, Justin Bindariye (director)
- Director appointment, Peter Joling (director)
- Board composition, Yamina El Fahsi (director)
- +9 further facts in this act
15-07
State Gazette act
Withdrawals: Drifa Mourade (member) and Wim Embrechts (member)Resignations: Drifa Mourade (director) and Wim Embrechts (director) · Appointments: Drifa Mourade (director) and Bruno Casabona (adjunct directeur) · Statutes amendment14 facts ▸
- General meeting, 26-06-2024
- Statutes amendment
- Member resignation, Drifa Mourade
- Member resignation, Wim Embrechts
- Director resignation, Drifa Mourade
- Board composition, Yamina El Fahsi (director)
- Board composition, Bert Sohreurs (director)
- Board composition, Emilie Anseeuw (director)
- Board composition, Anissa Benali (director)
- Director appointment, Drifa Mourade (director (executive))
- Director appointment, Bruno Casabona (adjunct directeur)
- Director appointment, Drifa Mourade (dagelijks beheer)
- +2 further facts in this act
22-11
State Gazette act
Withdrawal: Yassine Assal (member)Resignation: Yassine Assal (director) · Admissions: Joris Vandersteene (member) and Drifa Mourade (member) · Appointments: Joris Vandersteene (director) and Drifa Mourade (director)16 facts ▸
- General meeting, 11-10-2022
- Member resignation, Yassine Assal
- Director resignation, Yassine Assal (director)
- Member admission, Joris Vandersteene
- Member admission, Drifa Mourade
- Director appointment, Joris Vandersteene (director)
- Director appointment, Drifa Mourade (director)
- Director reappointment, Marjan Justaert (director)
- Director reappointment, Claire Liebmann (director)
- Director reappointment, Arabi Aroug (director)
- Director resignation, Yassine Assal (chair)
- Board composition, Marjan Justaert (director)
- +4 further facts in this act
Show earlier events
29-07
State Gazette act
Resignations: Aurore Di Giusto, Kristien De Coster and 3 othersReappointments: Isabelle Allinckx, Yassine Assal and 2 others · Appointments: Claire Liebmann, Arabi Aroug and 2 others · Statutes amendment22 facts ▸
- General meeting, 11-06-2019
- Statutes amendment
- Board meeting, 12-09-2018
- Director resignation, Aurore Di Giusto (dagelijks beheer)
- General meeting, 25-03-2019
- Director resignation, Kristien De Coster (member and director)
- Director resignation, Pierre Pirard (member and director)
- General meeting, 11-06-2019
- Director reappointment, Isabelle Allinckx (director)
- Director reappointment, Yassine Assal (director)
- Director reappointment, Myriam Gérard (director)
- Director resignation, Isabelle Allinckx (member and director)
- +10 further facts in this act
11-07
State Gazette act
Resignation: Mohamed Ouachen (lid en beheerder)2 facts ▸
- General meeting, 07-05-2018
- Director resignation, Mohamed Ouachen (lid en beheerder)
13-05
State Gazette act
Appointments: Pierre Pirard, Marjan Justaert and Aurore Di GiustoReappointment: Wim Embrechts (day-to-day manager) · Purpose change6 facts ▸
- General meeting, 29-03-2016
- Purpose change, De vereniging heeft als doel het ontwikkelen en beheren van innovatieve en creatieve projecten die moeten bijdragen tot de emancipatie van Brusselse stadsbewone…
- Director appointment, Pierre Pirard (director)
- Director appointment, Marjan Justaert (director)
- Director appointment, Aurore Di Giusto (day-to-day manager)
- Director reappointment, Wim Embrechts (day-to-day manager)
27-04
State Gazette act
Appointments: Assal Yassine (director) and Ouachen Mohamed (director)Reappointments: Allinckx Isabelle, De Coster Kristien and Gérard Myriam6 facts ▸
- General meeting, A.V. 1710340
- Director appointment, Assal Yassine (director)
- Director appointment, Ouachen Mohamed (director)
- Director reappointment, Allinckx Isabelle (bestuurder, voorzitter)
- Director reappointment, De Coster Kristien (director)
- Director reappointment, Gérard Myriam (director)
23-04
State Gazette act
Resignation: Smeets Tom (director)Appointments: Allinckx Isabelle (chair) and Embrechts Wim (day-to-day manager)7 facts ▸
- General meeting, 12-03-2012
- Director resignation, Smeets Tom (director)
- Board composition, Allinckx Isabelle (chair)
- Board composition, De Coster Kristien (director)
- Board composition, Gérard Myriam (director)
- Director appointment, Allinckx Isabelle (chair)
- Director appointment, Embrechts Wim (day-to-day manager)
22-06
State Gazette act
Resignation: Mastari Saïd (director)Appointment: Gérard Myriam (director)7 facts ▸
- General meeting, 16-03-2010
- Director resignation, Mastari Saïd (director)
- Director appointment, Gérard Myriam (director)
- Board composition, Allinckx Isabelle (chair)
- Board composition, De Coster Kristien (director)
- Board composition, Smeets Tom (director)
- Board composition, Gérard Myriam (director)
29-07
State Gazette act
Resignation: Michel Bindi (director)Appointments: Isabelle Allinckx (director) and Tom Smeets (director)8 facts ▸
- General meeting, 01-04-2009
- Director resignation, Michel Bindi (director)
- Director appointment, Isabelle Allinckx (director)
- Director appointment, Tom Smeets (director)
- Board composition, Saïd Mastari (chair)
- Board composition, Kristien De Coster (director)
- Board composition, Isabelle Allinckx (director)
- Board composition, Tom Smeets (director)
Directors · office · real estate
Board 7
3 not recently confirmed
Day-to-day management 2
Other functions 2
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0464/00D004 | Brussels | 495 m² | 1 · 507 m² | 21.4 m · 4 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Permanent representative
- Other function
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Marjan Justaert |
|
| Arabi Aroug |
|
| Claire Liebmann |
|
| Joris Vandersteene |
|
| Peter Joling |
|
| Quentin David |
|
| Tijs de Geyndt |
|
| Drifa Morade |
|
| Willem Vervaeke |
|
| Allinckx Isabelle |
|
| Gérard Myriam |
|
| GERARD Myriam |
|
| Anne Descheemaeker |
|
| Roberta Stebel |
|
| Peter Jolling |
|
| Bruno Casabona |
|
| Drifa Mourade |
|
| Emilie Anseeuw |
|
| Justin Bindariye |
|
| Yamina El Fahsi |
|
| Anne Descheemaeker |
|
| Emilie Anseeuw |
|
| Anissa Benali |
|
| Bert Schreurs |
|
| Wim Embrechts |
|
| Assal Yassine |
|
| Kristien De Coster |
|
| Aurore Di Giusto |
|
| Pierre Pirard |
|
| Ouachen Mohamed |
|
| Smeets Tom |
|
| Mastari Saïd |
|
| Bindi Michel |
|
Articles of association
Full purpose
L'association a pour but le développement durable et la gestion de projets créatifs et innovants qui doivent contribuer à l'émancipation des jeunes bruxellois en recherche d'insertion sociale et professionnelle, en synergie avec des acteurs des domaines psycho-socio-educatif, artistiques et économiques.
Structure & network
Connections & network
7 connected companiesShow 3 more companies with a shared director
Public money · subsidies and aid
Flemish government
2023 to 2025 · 9 entries · 695,844 EUR awarded · 438,530 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 208,348 EUR | 214,162 EUR |
| 2024 | 3 | 287,970 EUR | 162,768 EUR |
| 2023 | 2 | 199,526 EUR | 61,600 EUR |
Wallonia-Brussels Federation
2024 to 2025 · 3 entries · 56,544 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 2 | 31,044 EUR |
| 2024 | 1 | 25,500 EUR |
Recognitions · licences · registrations
Quality registration as a provider
1 live approvalSimilar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.