Arts 44
ActiveSummary
For Arts 44, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€4.9m) and a net result of -€2.6m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 4695 sector peers (fiscal year 2023). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
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Signals
This company filed its last 5 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €767 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €232,837 | €232,837 | €399,930 | €595,982 | €611,871 | ▲ 2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €16,614 | €29,726 | €29,726 | = |
| Other operating charges640/8 | - | - | €333,718 | €342,865 | €438,972 | ▲ 28.0% |
| Gross operating margin9900 | €1.1m | €953,994 | -€89,060 | -€505,492 | €1.0m | ▲ 307% |
| Operating profit (loss)9901 | €489,571 | €391,776 | -€839,323 | -€1.5m | -€35,854 | ▲ 97.6% |
| Financial income75/76B | - | - | €158 | €209,928 | €132,251 | ▼ 37.0% |
| Recurring financial income75 | €3 | €284 | €158 | €209,928 | €132,251 | ▼ 37.0% |
| Non-recurring financial income76B | - | - | €158 | - | - | - |
| Financial charges65/66B | - | - | €793,506 | €1.3m | €2.7m | ▲ 101% |
| Recurring financial charges65 | €839,103 | €782,234 | €793,506 | €1.3m | €2.7m | ▲ 101% |
| Profit (loss) for the period before taxes9903 | -€349,529 | -€390,174 | -€1.6m | -€2.6m | -€2.6m | ▲ 1.1% |
| Income taxes67/77 | - | - | - | - | €758 | - |
| Profit (loss) for the period9904 | -€349,529 | -€390,174 | -€1.6m | -€2.6m | -€2.6m | ▲ 1.1% |
| Profit (loss) for the period to be appropriated9905 | -€349,529 | -€390,174 | -€1.6m | -€2.6m | -€2.6m | ▲ 1.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.5m | €14.8m | €23.4m | €23.2m | €25.8m | ▲ 11.5% |
| Fixed assets21/28 | €11.5m | €12.3m | €20.6m | €21.3m | €20.7m | ▼ 2.9% |
| Tangible fixed assets22/27 | €11.5m | €12.3m | €20.6m | €21.3m | €20.7m | ▼ 2.9% |
| Land and buildings22 | - | - | €20.4m | €21.0m | €20.4m | ▼ 2.6% |
| Furniture and vehicles24 | - | - | €193,318 | €349,346 | €285,644 | ▼ 18.2% |
| Current assets29/58 | €3.0m | €2.5m | €2.8m | €1.8m | €5.1m | ▲ 178% |
| Amounts receivable within one year40/41 | €177,063 | €379,130 | €586,988 | €1.1m | €992,550 | ▼ 13.5% |
| Trade receivables40 | - | - | €203,441 | €224,033 | €247,198 | ▲ 10.3% |
| Other amounts receivable41 | - | - | €383,547 | €922,821 | €745,353 | ▼ 19.2% |
| Cash at bank and in hand54/58 | €2.8m | €2.1m | €2.2m | €662,669 | €4.1m | ▲ 513% |
| Deferred charges and accrued income490/1 | - | - | €22,972 | €35,338 | €71,532 | ▲ 102% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.5m | €14.8m | €23.4m | €23.2m | €25.8m | ▲ 11.5% |
| Equity10/15 | €2.3m | €1.9m | €241,396 | -€2.3m | -€4.9m | ▼ 109% |
| Contributions10/11 | €2.6m | - | €2.6m | €2.6m | €2.6m | = |
| Profit (loss) carried forward14 | -€335,761 | -€725,934 | -€2.4m | -€4.9m | -€7.5m | ▼ 51.7% |
| Amounts payable17/49 | €12.2m | €12.9m | €23.2m | €25.5m | €30.7m | ▲ 20.5% |
| Amounts payable after more than one year17 | €11.7m | €11.7m | €21.5m | €23.8m | €27.7m | ▲ 16.5% |
| Financial debts170/4 | - | - | €21.5m | €23.8m | €27.7m | ▲ 16.5% |
| Amounts payable within one year42/48 | €410,017 | €1.1m | €1.5m | €1.4m | €2.1m | ▲ 47.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €1.0m | - |
| Trade debts44 | €207,926 | €1.0m | €1.4m | €1.0m | €329,666 | ▼ 68.0% |
| Suppliers440/4 | - | - | €1.4m | €1.0m | €329,666 | ▼ 68.0% |
| Advances received on contracts in progress46 | - | - | €94,415 | €398,368 | €600,002 | ▲ 50.6% |
| Taxes, remuneration and social security45 | - | - | €40,317 | €4,193 | €172,506 | ▲ 4,015% |
| Taxes450/3 | - | - | €40,317 | €4,193 | €172,506 | ▲ 4,015% |
| Other amounts payable47/48 | - | - | - | - | €10,964 | - |
| Accrued charges and deferred income492/3 | - | - | €145,009 | €331,972 | €943,837 | ▲ 184% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€349,529 | -€390,174 | -€1.6m | -€2.6m | -€2.6m | ▲ 1.1% |
| + Depreciation and write-downs630 | €232,837 | €232,837 | €399,930 | €595,982 | €611,871 | ▲ 2.7% |
| Operating cash flow (approximation) | -€116,691 | -€157,336 | -€1.2m | -€2.0m | -€1.9m | ▲ 2.2% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€8.7m | -€1.3m | €1,172 | ▲ 100% |
| Change in cash | - | -€737,395 | €149,935 | -€1.6m | €3.4m | ▲ 319% |
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
03-06
State Gazette act
Statutes amendment · Legal-form change · Resignations & appointments · MiscellaneousBoard composition · Registered office clause · Power of attorney14 facts ▸
- General meeting, 01-06-2026
- Board composition, HARRIS Emily (director)
- Board composition, FELDMAN Julian (director)
- Board composition, GOLDBERG Michaël (director)
- Board composition, KOVACS Michael (director)
- Registered office clause, Boulevard du Souverain 100, 3. Siège
- Power of attorney
- Power of attorney, Stijn JOYE
- Power of attorney, Stijn JOYE
- Power of attorney
- Legal-form conversion, société à responsabilité limitée
- Capital conversion, compte de capitaux propres statutairement indisponible
- +2 further facts in this act
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0290/00E003 | Brussels | 1.7 ha | 1 · 4,778 m² | 28.2 m · 3 fl. |
| 21805E0337/00H000 | Brussels | 1,055 m² | 1 · 1,057 m² | 31.9 m · 9 fl. |
Linked by address, not proof of ownership
Articles of association
Full text
Chaque administrateur est chargé de la gestion journalière de la société. Il peut la déléguer. ARTICLE SEIZE : REPRESENTATION - ACTES ET ACTIONS JUDICIAIRES La société est représentée dans les actes, y compris ceux où interviennent un fonctionnaire public ou un officier ministériel et en justice par un administrateur A et un administrateur B agissant conjointement. Elle est en outre valablement engagée par des mandataires spéciaux dans les limites de leurs mandats. ARTICLE DIX-SEPT - CONTRÔLE Aussi longtemps que la société répond aux critères énoncés à l'article 1 :24 du Code des sociétés et des Associations, il n'y a pas lieu à nomination d'un commissaire, sauf décision contraire de l'assemblée générale. S’il n’a pas été nommé de commissaire, chaque actionnaire a individuellement les pouvoirs d'investigation et de contrôle du commissaire. Il peut se faire représenter ou assister par un expert-comptable. La rémunération de celui-ci incombe à la société s'il a été désigné avec son accord ou si cette rémunération a été mise à sa charge par décision judiciaire. En ce cas, les observations de l'expert-comptable sont communiquées à la société.
Full purpose (5 activities)
- L'achat, la vente, l'échange, la construction, la transformation, la mise en valeur, l'aménagement, l'exploitation, la location, la sous-location, la gestion, l'entretien, le lotissement, la division horizontale et la mise en copropriété forcée, le leasing, la prospection, la promotion sous toutes ses formes; de tous biens immeubles et droits réels immobiliers.
- Elle peut faire toutes opérations commerciales, industrielles et financières, immobilières et mobilières, se rapportant directement ou indirectement à son objet ou susceptibles de favoriser son développement, à l'exception des opérations sur valeurs mobilières et immobilières réservées par la loi aux banques et aux sociétés de bourse.
- La société pourra exercer tous mandats relatifs à l'administration, à la gestion, à la direction, au contrôle et à la liquidation de toutes sociétés ou entreprises.
- La société peut, par voie d'apport en espèces ou en nature, de fusion, de souscription, de participation, d'intervention financière ou autrement, prendre des participations dans d'autres sociétés ou entreprises existantes ou à créer, que ce soit en Belgique ou à l'étranger, dont l'objet serait semblable ou analogue au sien ou de nature à favoriser son objet.
- Elle peut également consentir tous prêts ou garantir tous prêts consentis par des tiers, étant entendu que la société n'effectuera aucune activité dont l'exercice serait soumis à des dispositions légales ou réglementaires applicables aux établissements de crédits et/ou financiers.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
- 03-06-2026 Converted to unavailable equity · 2,600,000 EUR
Recognitions · licences · registrations
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Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
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