Art4Elements
ActiveSummary
Art4Elements has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€18,413) and a net result of -€40,108. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 502 sector peers (NACE 31, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-01-2014 Normal situation
- Activity
- Manufacture of furniture NACE 31001and 2 others
- Establishment unit
- 2.226.604.316 2400 Mol, since 24-01-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 10-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
Annual accounts 2025
- Gross margin
- -€36,624
- ▼ 0.9%
- Loss
- €40,108
- ▼ 4.4%
- Equity
- -€18,413
- Total assets
- €12,050
- ▼ 68.8%
- Negative equity on 31-12-2025
Turnover not published (micro format)
Score breakdownraises riskCapped at 59: negative equityLoss of €40,108, the second in a row (financial year 2025)Negative equity -€18,413Sector: Manufacture of furniture (NACE 31)lowers riskSize: total assets €12,050Show the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 7% of micro companies in furniture (NACE 31)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
0-81
equity -152.8% of total assets
Liquidity
15-64
short-term debt 252.8% · cash 11.7%
Profitability
0=
return on assets -332.8%
Bankruptcy probability within 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.5%▼ -0.1 percentage points vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025lowest value
08-2025: 0.8%▲ +0.3 percentage points vs 07-2025
09-2025: 0.7%▼ -0.1 percentage points vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.6%▼ -0.1 percentage points vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.5%▼ -0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 1.1%● unchanged vs 08-2026highest value
10-2026: 1.1%● unchanged vs 09-2026highest value
11-2026: 1.1%● unchanged vs 10-2026highest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.19 (1.76 in 2024), below 1. Short-term debt is 252.8% and cash 11.7% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 31, micro). It does better than 6% of them on solvency, 12% on liquidity, 7% on profitability and 3% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€18,413
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
on the day
2023
26 days early
2022
53 days late
2021
143 days late
2020
250 days late
2019
81 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 71 days after the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 53 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 11 filings
Equity
-€18,413
2024 · €21,695
Total assets
€12,050▼ 68.8%
2024 · €38,621
Net result
-€40,108▲ 4.4%
2024 · -€41,945
Working capital
-€24,731
2024 · €12,897
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€39,770
=
2025
20182025
Net result
-€40,108
▲ 4.4%
2025
lowest quarter of the sector
20182025
Equity
-€18,413
2025
lowest quarter of the sector
20182025
Total assets
€12,050
▼ 68.8%
2025
lowest quarter of the sector
20182025
Debt
€30,463
▲ 80.0%
2025
20182025
Working capital
-€24,731
2025
lowest quarter of the sector
20182025
Solvency
-152.8%
▼ 209.0pp
2025
lowest quarter of the sector
20182025
Current ratio
0.19
▼ 1.57
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-332.8%
▼ 224.2pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€19,588-€70,965-€16,522-€50,389▼ 205%€76,110€26,040▼ 65.8%-€39,757-€39,770=
Net result-€18,107-€52,677-€17,364below the sector's middle half-€53,772below the sector's middle half▼ 210%€68,346above the sector's middle half€19,223within the sector's middle half▼ 71.9%-€41,945below the sector's middle half-€40,108below the sector's middle half▲ 4.4%
Equity-€5,471-€47,206€29,843within the sector's middle half▼ 36.8%-€23,929below the sector's middle half€44,417within the sector's middle half€63,640within the sector's middle half▲ 43.3%€21,695within the sector's middle half▼ 65.9%-€18,413below the sector's middle half
Total assets€38,630-€122,307▲ 217%€85,480within the sector's middle half▼ 30.1%€106,754within the sector's middle half▲ 24.9%€95,367within the sector's middle half▼ 10.7%€130,067within the sector's middle half▲ 36.4%€38,621below the sector's middle half▼ 70.3%€12,050below the sector's middle half▼ 68.8%
Debt€44,100-€75,100▲ 70.3%€55,637▼ 25.9%€130,683▲ 135%€50,950▼ 61.0%€66,427▲ 30.4%€16,926▼ 74.5%€30,463▲ 80.0%
Working capital-€6,499-€45,742€25,576within the sector's middle half▼ 44.1%€81,633above the sector's middle half▲ 219%€41,358within the sector's middle half▼ 49.3%€52,116within the sector's middle half▲ 26.0%€12,897within the sector's middle half▼ 75.3%-€24,731below the sector's middle half
Solvency-14.2%-38.6%▲ 52.8pp34.9%within the sector's middle half▼ 3.7pp-22.4%below the sector's middle half▼ 57.3pp46.6%within the sector's middle half▲ 69.0pp48.9%within the sector's middle half▲ 2.4pp56.2%within the sector's middle half▲ 7.2pp-152.8%below the sector's middle half▼ 209.0pp
Current ratio0.85-1.61▲ 0.761.46within the sector's middle half▼ 0.154.88above the sector's middle half▲ 3.421.81within the sector's middle half▼ 3.071.78within the sector's middle half▼ 0.031.76within the sector's middle half▼ 0.020.19below the sector's middle half▼ 1.57
Return on assets (ROA)-46.9%-43.1%▲ 89.9pp-20.3%below the sector's middle half▼ 63.4pp-50.4%below the sector's middle half▼ 30.1pp71.7%above the sector's middle half▲ 122.0pp14.8%above the sector's middle half▼ 56.9pp-108.6%below the sector's middle half▼ 123.4pp-332.8%below the sector's middle half▼ 224.2pp
above
within
below
The sector band is the middle half of the companies in Manufacture of furniture (NACE 31). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €39,770, larger than the loss of €39,757 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,050
Fixed assets
€6,318 ▼ 28.2%
Current assets
€5,732 ▼ 80.8%
Equity and liabilities
Equity-€18,413
Debt€30,463
Equity is negative. Debt (€30,463) exceeds the balance-sheet total (€12,050).
Key figures and ratios
EBITDA
-€37,290▼
2024 · -€37,031
Cash flow
-€37,629▲
2024 · -€39,219
Quick ratio
0.17▼
2024 · 1.73
Interest coverage
-198.52▼
2024 · -16.93
Debt ≤ 1 year
€30,463▲
2024 · €16,926
Income taxes
€150
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €960 | - | €10,041 | - | - |
| Depreciation and write-downs of the year | €1,127 | €1,040 | €1,577 | €2,726 | €2,479 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,693 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,553 | €1,010 | €903 | €1,127 | €1,040 | €1,577 | €2,726 | €2,479 | ▼ 9.0% |
| Other operating charges640/8 | - | - | €1,154 | €449 | €1,010 | €493 | €731 | €667 | ▼ 8.9% |
| Gross operating margin9900 | -€11,287 | €74,231 | -€14,466 | -€48,814 | €78,161 | €28,111 | -€36,300 | -€36,624 | ▼ 0.9% |
| Operating profit (loss)9901 | -€19,588 | €70,965 | -€16,522 | -€50,389 | €76,110 | €26,040 | -€39,757 | -€39,770 | = |
| Financial income75/76B | - | - | €0 | €8 | - | - | €0 | - | - |
| Recurring financial income75 | €1 | €173 | €0 | €8 | - | - | €0 | - | - |
| Financial charges65/66B | - | - | €823 | €2,571 | €561 | €1,213 | €2,188 | €188 | ▼ 91.4% |
| Recurring financial charges65 | €415 | €1,132 | €823 | €2,571 | €561 | €1,213 | €2,188 | €188 | ▼ 91.4% |
| Profit (loss) for the period before taxes9903 | -€20,002 | €70,006 | -€17,344 | -€52,952 | €75,550 | €24,827 | -€41,945 | -€39,958 | ▲ 4.7% |
| Income taxes67/77 | -€1,895 | €17,329 | €19 | €820 | €7,203 | €5,605 | - | €150 | - |
| Profit (loss) for the period9904 | -€18,107 | €52,677 | -€17,364 | -€53,772 | €68,346 | €19,223 | -€41,945 | -€40,108 | ▲ 4.4% |
| Profit (loss) for the period to be appropriated9905 | -€18,107 | €52,677 | -€17,364 | -€53,772 | €68,346 | €19,223 | -€41,945 | -€40,108 | ▲ 4.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €38,630 | €122,307 | €85,480 | €106,754 | €95,367 | €130,067 | €38,621 | €12,050 | ▼ 68.8% |
| Fixed assets21/28 | €2,214 | €1,464 | €4,267 | €4,100 | €3,060 | €11,524 | €8,798 | €6,318 | ▼ 28.2% |
| Tangible fixed assets22/27 | €1,364 | €614 | €3,417 | €3,250 | €2,210 | €10,674 | €7,948 | €5,468 | ▼ 31.2% |
| Plant, machinery and equipment23 | - | - | €3,417 | €3,250 | €2,210 | €10,674 | €7,948 | €5,468 | ▼ 31.2% |
| Financial fixed assets28 | €850 | €850 | €850 | €850 | €850 | €850 | €850 | €850 | = |
| Current assets29/58 | €36,415 | €120,842 | €81,213 | €102,654 | €92,307 | €118,544 | €29,823 | €5,732 | ▼ 80.8% |
| Stocks and contracts in progress3 | €1,140 | €1,140 | €1,140 | €500 | €500 | €500 | €500 | €500 | = |
| Stocks30/36 | - | - | €1,140 | €500 | €500 | €500 | €500 | €500 | = |
| Amounts receivable within one year40/41 | €26,111 | €73,512 | €39,016 | €73,257 | €18,142 | €64,746 | €2,376 | €3,714 | ▲ 56.3% |
| Trade receivables40 | - | - | €5,432 | €49,912 | €11,291 | €36,469 | €1,678 | - | - |
| Other amounts receivable41 | - | - | €33,584 | €23,345 | €6,851 | €28,277 | €698 | €3,714 | ▲ 432% |
| Cash at bank and in hand54/58 | €8,354 | €44,884 | €40,733 | €28,565 | €73,296 | €52,781 | €26,845 | €1,406 | ▼ 94.8% |
| Deferred charges and accrued income490/1 | - | - | €324 | €333 | €369 | €517 | €102 | €111 | ▲ 8.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €38,630 | €122,307 | €85,480 | €106,754 | €95,367 | €130,067 | €38,621 | €12,050 | ▼ 68.8% |
| Equity10/15 | -€5,471 | €47,206 | €29,843 | -€23,929 | €44,417 | €63,640 | €21,695 | -€18,413 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€13,531 | €39,146 | €21,783 | -€31,989 | €36,357 | €55,580 | €13,635 | -€26,473 | - |
| Amounts payable17/49 | €44,100 | €75,100 | €55,637 | €130,683 | €50,950 | €66,427 | €16,926 | €30,463 | ▲ 80.0% |
| Amounts payable after more than one year17 | €1,187 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €42,914 | €75,100 | €55,637 | €21,021 | €50,950 | €66,427 | €16,926 | €30,463 | ▲ 80.0% |
| Trade debts44 | €7,116 | €8,967 | €1,292 | €9,057 | €39,486 | €42,410 | €755 | €30,156 | ▲ 40× |
| Suppliers440/4 | - | - | €1,292 | €9,057 | €39,486 | €42,410 | €755 | €30,156 | ▲ 40× |
| Taxes, remuneration and social security45 | - | - | €52,966 | €4,080 | €11,464 | €24,017 | €5,880 | €307 | ▼ 94.8% |
| Taxes450/3 | - | - | €48,886 | - | €7,384 | €23,053 | €5,880 | €307 | ▼ 94.8% |
| Remuneration and social security454/9 | - | - | €4,080 | €4,080 | €4,080 | €965 | - | - | - |
| Other amounts payable47/48 | - | - | €1,379 | €7,884 | - | - | €10,291 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €109,662 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,107 | €52,677 | -€17,364 | -€53,772 | €68,346 | €19,223 | -€41,945 | -€40,108 | ▲ 4.4% |
| + Depreciation and write-downs630 | €4,553 | €1,010 | €903 | €1,127 | €1,040 | €1,577 | €2,726 | €2,479 | ▼ 9.0% |
| Operating cash flow (approximation) | -€13,554 | €53,687 | -€16,461 | -€52,645 | €69,387 | €20,800 | -€39,219 | -€37,629 | ▲ 4.1% |
| Investment in fixed assets (approximation) | - | -€260 | -€3,706 | -€960 | €0 | -€10,041 | €0 | €0 | - |
| Change in cash | - | €36,530 | -€4,151 | -€12,168 | €44,732 | -€20,515 | -€25,936 | -€25,439 | ▲ 1.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as Art4Elements has now. Two years later, 85.4% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
85.4%
was still going
8.1%
stopped otherwise
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Art4Elements itself is lower: 1.1% within 12 months. It rests on far more data about Art4Elements than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for Art4Elements. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00331597 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00349284 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00232378 | |
| 31-12-2022 | micro format | 22-09-2023 | 2023-00453003 | |
| 31-12-2021 | micro format | 21-12-2022 | 2022-20548288 | |
| 31-12-2020 | micro format | 07-04-2022 | 2022-20001404 | |
| 31-12-2019 | micro format | 20-10-2020 | 2020-62000394 | |
| 31-12-2018 | micro format | 08-10-2019 | 2019-68900283 | |
| 31-12-2017 | micro format | 01-08-2019 | 2019-42500430 | |
| 31-12-2016 | micro format | 27-09-2017 | 2017-62900149 |
Board & ownership
Directors
Directors
1 director
Schuijf Jeroen
Current
Owners and capital
Owners
Network & group
Art4Elements shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of Art4Elements. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
24-07
micro format · 7 days before the deadline
2025
31-07
micro format · on the deadline day
2024
05-07
micro format · 26 days before the deadline
2023
22-09
micro format · 53 days late
2022
2021
31-12
Financial
Weakest financial yearnet -€53,772
The net result drops to -€53,772, the lowest from 2018 to 2025. It recovers the following year.
31-12
Financial
Liquidity more than triplescurrent ratio 4.88
The current ratio rises from 1.46 to 4.88. Short-term debt falls from €55,637 to €21,021.
2020
20-10
micro format · 81 days late
2019
31-12
Financial
Back to profitnet €52,677
The net result is €52,677, after one loss-making year.
08-10
micro format · 69 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Art4Elements in Dutch
Enterprise number
0544.760.017
Legal form
Private limited company (pre-2019)
Status
Active, normale toestand
Founded
24-01-2014
Entity type
Legal entity
Registered office and establishments
Registered office
Colburnlei 114, 2400 Mol, Belgium
Establishment unit
Art4Elements, Colburnlei 114, 2400 Mol since 24-01-2014 · unit number 2.226.604.3163100104 Manufacture of furniture
Activities
NACEBEL 202531001
Manufacture of furniture main activity
47551
Retail sale of household furniture
90120
Visual arts creation
Codes under NACEBEL 2008
31010
Manufacture of furniture main activity
47591
Retail trade
90032
Arts creation and performing arts activities
Invoicing and payment
VAT number
BE 0544.760.017
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
2,776 m²
Building footprint
165 m²
Building volume
1,222 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13025G0680/00C008 | Flanders | 2,776 m² | 1 · 165 m² | 10.3 m · 3 |