ARTA COMPANY
InactiveARTA COMPANY was declared bankrupt on 04-10-2021 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 03-10-2023, published in the Belgian State Gazette on 10-10-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three 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 · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-10-2021, 90 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
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
90 d late
2019
145 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Turnover
€7.03M▲ 22.2%
2018 · €5.76M
2018: €5.76M
2018 → 2019
EBIT margin
-0.3%▲ 0.5pp
2018 · -0.8%
2018: -0.8%
2018 → 2019
Net result
€-160k▼ 582%
2019 · €-23k
2018: €-49k
2019: €-23k
2018 → 2020
Working capital
€-256k▼ 157%
2019 · €-100k
2018: €-74k
2019: €-100k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€5.76M-€7.03M▲ 22.2%
Equity€-34k-€-57k▼ 69.2%€-217k▼ 279%
Operating result€-46k-€-18k▲ 59.8%€-147k▼ 701%
Net result€-49k-€-23k▲ 52.2%€-160k▼ 582%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €147k in 2020 against €18k in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €369k
Fixed assets
€39k ▼ 39.9%
Current assets
€330k ▼ 3.9%
Key figures and ratios
EBITDA
€-146k▼
2019 · €-9k
Cash flow
€-158k▼
2019 · €-14k
Solvency
-58.8%▼
2019 · -14.0%
Current ratio
0.56▼
2019 · 0.78
Quick ratio
0.47▲
2019 · 0.36
ROA
-43.3%▼
2019 · -5.7%
Debt
€586k▲
2019 · €466k
Debt ≤ 1 year
€586k▲
2019 · €443k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 26 lines
Balance sheet
Code20192020
Assets
Total assets20/58€409k€369k▼
Fixed assets21/28€65k€39k▼
Tangible fixed assets22/27€28k€2k▼
Financial fixed assets28€37k€37k=
Current assets29/58€343k€330k▼
Stocks and contracts in progress3€183k€55k▼
Amounts receivable within one year40/41€153k€275k▲
Current investments50/53€8k-
Equity and liabilities
Total equity and liabilities10/49€409k€369k▼
Equity10/15€-57k€-217k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€-78k€-238k▼
Amounts payable17/49€466k€586k▲
Amounts payable after more than one year17€23k-
Amounts payable within one year42/48€443k€586k▲
Trade debts44€387k€530k▲
Income statement
Code20192020
Turnover70€7.03M-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€1k▼
Gross operating margin9900€142k€-79k▼
Operating profit (loss)9901€-18k€-147k▼
Recurring financial income75€8k€4k▼
Recurring financial charges65€13k€17k▲
Profit (loss) for the period before taxes9903€-23k€-160k▼
Profit (loss) for the period9904€-23k€-160k▼
Profit (loss) for the period to be appropriated9905€-23k€-160k▼
Timeline · acts, filings and financial milestones
2023
10-10
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · ARTA COMPANY SPRL AVENUE DE L’EXPOSITION 230, 1090 JETTE. déclarée le 4 octobre 2021 · event 03-10-2023
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
08-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · ARTA COMPANY SPRL AVENUE DE L’EXPOSITION 230, 1090 JETTE · event 04-10-2021
24-08
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif · event 09-08-2019
2020
31-12
Financial
Weakest financial yearnet €-160k
Net result drops to €-160k, the lowest in the series.
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 145 days late
05-02
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · 20190040 · event 29-01-2020
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 8 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Show earlier events
2014
23-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
09-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 131 days late
2012
22-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 22 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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 | CHRISTOPHE BOURTEMBOURG AVENUE
LOUISE 283/19, 1050 IXELLES- christophe.bourtembourg@everest-
law.eu |
04-10-2021 → 03-10-2023 |