ArtGame
Open bankruptcyA bankruptcy procedure is open for ArtGame according to publications in the Belgian State Gazette; curator: LAURIE BAUDINET.
Summary
The 2024 annual accounts show negative equity (-€1,070) and a net result of -€3,620.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 14 August 2025
- Supervising judge
- Alain Piekarek
- Official Gazette
- 26-08-2025 (pdf) ↗search the document for 2025/134716
Curator
- Laurie BaudinetRue Ernest Solvay 208, 4000 Liege 1l.baudinet@bbravocats.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
212224
2021 to 2024 · latest year -€1,070
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
7 d late
2022
702 d late
2021
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 244 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Repair and maintenance of furniture and upholstery sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€71,040▲ 155%
2021 · €27,910
EBIT margin
17.9%▼ 2.6pp
2021 · 20.5%
Net result
-€3,620
2022 · €9,813
Working capital
-€5,876
2022 · €10,953
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202120222024
Turnover€27,910-€71,040▲ 155%
Operating result€5,720-€12,716▲ 122%-€3,560-
Net result€4,566-€9,813▲ 115%-€3,620-
EBIT margin20.5%-17.9%▼ 2.6pp
Equity€7,566-€17,379▲ 130%-€1,070-
Total assets€14,113-€24,586▲ 74.2%€12,194-
Debt€6,547-€7,207▲ 10.1%€13,264-
Working capital€2,915-€10,953▲ 276%-€5,876-
Result per fiscal year
Operating resultNet result
The operating result is -€3,560 in 2024, compared with €12,716 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €12,194
Fixed assets
€4,805 ▼ 25.2%
Current assets
€7,388 ▼ 59.3%
Key figures and ratios
EBITDA
-€1,916▼
2022 · €14,097
Cash flow
-€1,977▼
2022 · €11,194
Solvency
-8.8%▼
2022 · 70.7%
Current ratio
0.56▼
2022 · 2.52
Debt to equity
-12.39▼
2022 · 0.41
ROA
-29.7%▼
2022 · 39.9%
Interest coverage
-31.78▼
2022 · 31.14
Debt ≤ 1 year
€13,264▲
2022 · €7,207
Debt > 1 year
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | €27,910 | €71,040 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €21,678 | €56,486 | €1,982 | - |
| Remuneration, social security and pensions62 | €8 | €232 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €311 | €1,381 | €1,643 | - |
| Other operating charges640/8 | €439 | €949 | €523 | - |
| Gross operating margin9900 | €6,478 | €15,278 | -€1,393 | - |
| Operating profit (loss)9901 | €5,720 | €12,716 | -€3,560 | - |
| Financial income75/76B | €31 | €0 | - | - |
| Recurring financial income75 | €31 | €0 | - | - |
| Financial charges65/66B | €37 | €453 | €60 | - |
| Recurring financial charges65 | €37 | €453 | €60 | - |
| Profit (loss) for the period before taxes9903 | €5,714 | €12,263 | -€3,620 | - |
| Income taxes67/77 | €1,148 | €2,451 | - | - |
| Profit (loss) for the period9904 | €4,566 | €9,813 | -€3,620 | - |
| Profit (loss) for the period to be appropriated9905 | €4,566 | €9,813 | -€3,620 | - |
| Line | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €14,113 | €24,586 | €12,194 | - |
| Fixed assets21/28 | €4,650 | €6,425 | €4,805 | - |
| Tangible fixed assets22/27 | €4,650 | €6,425 | €4,805 | - |
| Plant, machinery and equipment23 | €395 | €2,148 | €3,116 | - |
| Furniture and vehicles24 | €4,256 | €3,415 | €1,505 | - |
| Other tangible fixed assets26 | - | €863 | €185 | - |
| Current assets29/58 | €9,463 | €18,160 | €7,388 | - |
| Amounts receivable within one year40/41 | €6,672 | €15,818 | €7,388 | - |
| Trade receivables40 | €3,824 | €6,026 | - | - |
| Other amounts receivable41 | €2,848 | €9,792 | €7,388 | - |
| Cash at bank and in hand54/58 | €2,191 | €2,331 | - | - |
| Deferred charges and accrued income490/1 | €600 | €11 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €14,113 | €24,586 | €12,194 | - |
| Equity10/15 | €7,566 | €17,379 | -€1,070 | - |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | - |
| Profit (loss) carried forward14 | €4,566 | €14,379 | -€4,070 | - |
| Amounts payable17/49 | €6,547 | €7,207 | €13,264 | - |
| Amounts payable after more than one year17 | - | - | €0 | - |
| Amounts payable within one year42/48 | €6,547 | €7,207 | €13,264 | - |
| Trade debts44 | €5,399 | €3,027 | €12,703 | - |
| Suppliers440/4 | €5,399 | €3,027 | €12,703 | - |
| Taxes, remuneration and social security45 | €1,148 | €4,180 | €561 | - |
| Taxes450/3 | €1,148 | €4,180 | €561 | - |
| Line | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,566 | €9,813 | -€3,620 | - |
| + Depreciation and write-downs630 | €311 | €1,381 | €1,643 | - |
| Operating cash flow (approximation) | €4,877 | €11,194 | -€1,977 | - |
| Investment in fixed assets (approximation) | - | -€3,156 | - | - |
| Change in cash | - | €141 | - | - |
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
2025
26-08
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 14-08-2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 702 days late
2024
31-12
Financial
Weakest financial yearnet -€3,620
Net result drops to -€3,620, the lowest in the series.
2022
31-12
Financial
Highest result since 2021net €9,813 ▲115%
Operating result €12,716, net result €9,813, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Registered office, Herstal · 1 establishment unit since 2021
Ground area
431 m²
Building footprint
323 m²
Volume, LiDAR
1,129 m³
Parcel 62051C0414/00R002, Wallonia · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ArtGame
since 20212.319.209.028
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62051C0414/00R002 | Wallonia | 431 m² | 1 · 323 m² | 6.4 m · 1 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 | LAURIE BAUDINET RUE ERNEST SOLVAY 208,
4000 LIEGE 1 |
14-08-2025 → present |
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Of 696 companies in sector 95240 we hold annual accounts for 95. 75 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
95240Repair and maintenance of furniture and upholstery
31001Manufacture of furniture
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
31009Manufacture of furniture
47789Other retail sale of new goods
74201Photography, excluding press photography
90111Literary creation
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.