Artistic-65
Open bankruptcyA bankruptcy procedure is open for Artistic-65 according to publications in the Belgian State Gazette; curator: KATRIEN TEUGHELS.
Summary
The 2019 annual accounts show equity of €15k and a net result of €-2k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2019, micro schema
Equity
€15k▼ 11.7%
2018 · €16k
2018: €16k
2018 → 2019
Total assets
€203k▼ 16.7%
2018 · €244k
2018: €244k
2018 → 2019
Net result
€-2k
2018 · €738
2018: €738
2018 → 2019
Working capital
€-78k▼ 20.8%
2018 · €-65k
2018: €-65k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€16k-€15k▼ 11.7%
Operating result€9k-€4k▼ 59.3%
Net result€738-€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2019; 2019 is 59% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €203k
Fixed assets
€202k ▼ 3.2%
Current assets
€560 ▼ 98.4%
Equity and liabilities €203k
Equity
€15k ▼ 11.7%
Debt
€188k ▼ 17.1%
Debt's share of the balance-sheet total falls from 93.2% to 92.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18k▲
2018 · €12k
Cash flow
€12k▲
2018 · €4k
Current ratio
0.01▼
2018 · 0.35
Debt to equity
7.54▼
2018 · 7.77
ROE
-13.3%▼
2018 · 4.5%
ROA
-1.0%▼
2018 · 0.3%
Debt ≤ 1 year
€79k▼
2018 · €99k
Debt > 1 year
€110k▼
2018 · €128k
Income taxes
€169▼
2018 · €414
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 · 2019 against 2018 · 26 lines
Balance sheet
Code20182019
Assets
Total assets20/58€244k€203k▼
Fixed assets21/28€209k€202k▼
Tangible fixed assets22/27€208k€201k▼
Financial fixed assets28€1k€1k=
Current assets29/58€34k€560▼
Stocks and contracts in progress3€19k-
Amounts receivable within one year40/41€11k€30▼
Cash at bank and in hand54/58€4k€173▼
Equity and liabilities
Total equity and liabilities10/49€244k€203k▼
Equity10/15€16k€15k▼
Contributions10/11€19k€19k=
Reserves13€400€400=
Profit (loss) carried forward14€-3k€-4k▼
Amounts payable17/49€227k€188k▼
Amounts payable after more than one year17€128k€110k▼
Amounts payable within one year42/48€99k€79k▼
Trade debts44€20k€14k▼
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€14k▲
Gross operating margin9900€14k€19k▲
Operating profit (loss)9901€9k€4k▼
Recurring financial income75€36-
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€1k€-2k▼
Income taxes67/77€414€169▼
Profit (loss) for the period9904€738€-2k▼
Profit (loss) for the period to be appropriated9905€738€-2k▼
Timeline · acts, filings and financial milestones
2023
28-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · ARTISTIC-65 BV EDEGEMSE- STRAAT 65, 2640 MORTSEL · event 22-06-2023
2021
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 244 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
SignalNBB filing
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, Mortsel · 1 establishment unit since 2015
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.
Edegemsestraat 652640 MortselGround area
365 m²
Building footprint
163 m²
Volume, LiDAR
1,246 m³
Parcel 11513C0124/00X007, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Artistic-65
since 20152.239.195.708
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0124/00X007 | Flanders | 365 m² | 1 · 163 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 | KATRIEN TEUGHELS COREMANSSTRAAT 14A,
2600 BERCHEM (ANTWERPEN) |
22-06-2023 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-01-2015
Fiscal year end31-12
Trade name NL
Artistic
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:Artistic-65@hotmail.com