Active BE 0789.771.327Public limited company

BEL ARTS FUND

Louizalaan 367 ·1050 Brussel, Belgium· 4 yrs active

Sector: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies (70200)

Conclusion Checked

The computed 12-month bankruptcy probability of BEL ARTS FUND is 0.7% (low). The 2024 annual accounts show equity of €119k and a net result of €18k. Its solvency ranks better than 11% of 12488 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€119k
Net result	€18k
Staff (FTE)	1
Better than sector	11%

Financial profile 5 of 5 axes measured · computed by Checked

61 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 68

Profitability 78

Solvency 15

Growth 52

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

0.7% Low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

68 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 30-08-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	5.7%	60.5%	better than 11% of 12488 sector peers
Net result	€18k	€31k	better than 38% of 12490 sector peers
Equity	€119k	€63k	better than 71% of 12496 sector peers
Gross operating margin	€118k	€52k	better than 82% of 12475 sector peers
Staff costs	€63k	€6k	higher than 83% of 1209 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€53k

-6.6% 23-24

Net profit

€18k

-47.4% 23-24

Cash flow

€37k

-9.9% 23-24

Total assets

€2.07M

+162.5% 23-24

Equity

€119k

+18.5% 23-24

Working capital

€47k

-14.1% 23-24

Employees (FTE)

1

0.0% 23-24

Staff costs

€63k

-31.9% 23-24

Show 11 other metrics

Income taxes

€15k

+1.4% 23-24

Debt

€1.95M

+183.5% 23-24

Debt ≤ 1y

€1.90M

+176.5% 23-24

Debt > 1y

€48k

- 23-24

Current ratio

1.02

-5.1% 23-24

Quick ratio

1.02

-5.1% 23-24

Solvency

5.7%

-54.9% 23-24

Debt / equity

16.43

+139.3% 23-24

ROE

15.6%

-55.6% 23-24

ROA

0.9%

-79.9% 23-24

Interest coverage

90.55

-44.7% 23-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€53k
Net profit	€18k
Cash flow	€37k
Staff costs	€63k
Income taxes	€15k
Dividends	-
Total assets	€2.07M
Equity	€119k
Debt	€1.95M
of which ≤ 1y	€1.90M
of which > 1y	€48k
Working capital	€47k
Employees (FTE)	1.0

Ratios (computed)

	2024
Current ratio	1.02
Quick ratio	1.02
Working capital ratio	2.3%
Solvency	5.7%
Debt / equity	16.43
Long-term debt ratio	0.41
Interest coverage	90.55
Gross margin	-
Net margin	-
ROA	0.9%
ROE	15.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €120k · 5.8% Current assets €1.95M · 94.2%

Equity & liabilities

Equity €119k · 5.7% Debt €1.95M · 94.3%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.07M
Fixed assets	21/28	€120k
Intangible fixed assets	21	€78k
Tangible fixed assets	22/27	€37k
Financial fixed assets	28	€5k
Current assets	29/58	€1.95M
Amounts receivable within one year	40/41	€153k
Cash & bank	54/58	€1.79M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.07M
Equity	10/15	€119k
Contributions / capital	10/11	€65k
Accumulated profits (losses)	14	€54k
Amounts payable	17/49	€1.95M
Amounts payable after one year	17	€48k
Amounts payable within one year	42/48	€1.90M
Trade debts payable within one year	44	€157k
Income statement
Gross operating margin	9900	€118k
Operating result	9901	€34k
Financial income	75	€125
Financial charges	65	€581
Result before taxes	9903	€33k
Income taxes	67/77	€15k
Net result for the period	9904	€18k
Result to be appropriated	9905	€18k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200)
Legal form	Public limited company(014)
Incorporation	18-08-2022
Status	Active
Postal code	1050

Establishment units 1 location

BEL ARTS FUND

Louizalaan 367, 1050 ElseneOverige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

since 20222.334.824.741

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21807G0211/00W012	Brussels	266 m²	1 · 265 m²	34.0 m · 5 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

30-08-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

29-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2022

30-11-2022

State Gazette act Capital & shares

Pierre LEBON

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

Capital history · 1

30-11-2022

Capital change

All acts · 1 updated 3 years ago

2022

30-11-2022 Capital increase Capital & shares·Pierre LEBON

2 kapitaalbewegingen in deze akte

Notary: Pierre LEBON · Bruxelles

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Ondersteunende activiteiten voor scheppende kunsten90032Creatie van beeldende kunsten90120

Primary activity highlighted.

Names & trade names

Legal nameFR

BEL ARTS FUND

Registered office

Louizalaan 367

1050 Brussel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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