BELGIAN ART ONLY
ActiveThe computed 12-month bankruptcy probability of BELGIAN ART ONLY is 1.6% (moderate). The 2025 annual accounts show equity of €31k and a net result of €2k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 95% of 18173 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-5
Solvency100=
Growth58=
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 47.17 against 14.06 in 2024; short-term debt: 2% and cash: 93.8% of total assets), and 2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98%
Return on assets
6.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €31k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-04-2026, 120 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
120 d early
2024
23 d early
2023
20 d late
2022
30 d late
2021
19 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▲ 7.1%
2024 · €29k
2021: €35k
2022: €28k
2023: €26k
2024: €29k
2021 → 2025
Total assets
€32k▲ 2.0%
2024 · €31k
2021: €38k
2022: €34k
2023: €31k
2024: €31k
2021 → 2025
Net result
€2k▼ 37.3%
2024 · €3k
2021: €-5k
2022: €-7k
2023: €-2k
2024: €3k
2021 → 2025
Working capital
€30k▲ 9.6%
2024 · €27k
2021: €23k
2022: €22k
2023: €25k
2024: €27k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€35k-€28k▼ 19.9%€26k▼ 7.6%€29k▲ 12.7%€31k▲ 7.1%
Operating result€-7k-€-7k▲ 1.5%€-2k▲ 74.1%€3k€2k▼ 52.7%
Net result€-5k-€-7k▼ 45.1%€-2k▲ 69.3%€3k€2k▼ 37.3%
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 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32k
Fixed assets
€1k▼ 29.8%
Current assets
€31k▲ 4.0%
Equity and liabilities €32k
Equity
€31k▲ 7.1%
Debt
€651▼ 69.0%
The debt ratio falls from 6.7% to 2.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €5k
Cash flow
€3k▼
2024 · €4k
Solvency
98.0%▲
2024 · 93.3%
Current ratio
47.17▲
2024 · 14.06
Quick ratio
47.17▲
2024 · 14.06
Debt / equity
0.02▼
2024 · 0.07
ROE
6.6%▼
2024 · 11.3%
ROA
6.5%▼
2024 · 10.5%
Interest coverage
13.06▼
2024 · 28.44
Debt
€651▼
2024 · €2k
Debt ≤ 1 year
€651▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€31k€32k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€30k€31k▲
Amounts receivable within one year40/41€1k€633▼
Trade receivables40€1k€453▼
Other amounts receivable41-€180
Current investments50/53€20k-
Cash at bank and in hand54/58€8k€30k▲
Equity and liabilities
Total equity and liabilities10/49€31k€32k▲
Equity10/15€29k€31k▲
Contributions10/11€40k€40k=
Profit (loss) carried forward14€-11k€-9k▲
Amounts payable17/49€2k€651▼
Amounts payable within one year42/48€2k€651▼
Trade debts44€749€374▼
Suppliers440/4€749€374▼
Taxes, remuneration and social security45€360€128▼
Taxes450/3€360€128▼
Other amounts payable47/48€992€150▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€571▼
Other operating charges640/8€566€400▼
Gross operating margin9900€5k€3k▼
Operating profit (loss)9901€3k€2k▼
Financial income75/76B-€600
Recurring financial income75-€600
Financial charges65/66B€160€169▲
Recurring financial charges65€160€169▲
Profit (loss) for the period before taxes9903€3k€2k▼
Profit (loss) for the period9904€3k€2k▼
Profit (loss) for the period to be appropriated9905€3k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-9k▲
Profit (loss) brought forward from the previous period14P€-14k€-11k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
27-03
State Gazette act
Registered office · Resignations & appointmentsGeneral meeting · Director resignation · Director appointment10 facts ▸
State Gazette act
Registered office · Resignations & appointments
General meeting · Director resignation · Director appointment10 facts ▸
- General meeting, 04/02/2026
- Director resignation, Geert De Prins (niet-statutaire bestuurder)
- Director appointment, Raoul Locht (niet-statutaire bestuurder)
- Mandate compensation, Raoul Locht
- Registered-office move, Luxemburgstraat 20, 9140 Temse
- Board meeting, 03/02/2026
- Director resignation, Geert De Prins (gedelegeerd bestuurder)
- Director appointment, Raoul Locht (gedelegeerd bestuurder)
- Mandate compensation, Raoul Locht
- Power of attorney, Geert De Prins
2025
31-12
Financial
Liquidity triplescurrent ratio 47.17
Current ratio from 14.06 to 47.17; short-term debt falls from €2k to €651.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 14.06
Current ratio from 6.26 to 14.06; short-term debt falls from €5k to €2k.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Raoul Locht
CurrentNon-statutory director · since 04-02-2026
04-02-2026
Raoul Locht: Appointed as Non-statutory director
04-02-2026
Raoul Locht: Appointed as Managing director
04-02-2026
Geert DE PRINS: Resigned as Non-statutory director
04-02-2026
Geert DE PRINS: Resigned as Managing director
Location & real-estate footprint
Registered office, Temse · 1 establishment unit since 2020
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.
Luxemburgstraat 209140 TemseGround area
7,219 m²
Building footprint
1,412 m²
Volume, LiDAR
16,298 m³
Parcel 46025B0179/09E000, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Luxemburgstraat 20, 9140 Temse
since 20202.309.947.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0179/09E000 | Flanders | 7,219 m² | 1 · 1,412 m² | 16.4 m · 4 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.
Similar companies · same sector, comparable size
CIPANGO MEDIA
BE 0478.692.228
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DADAO
BE 0847.622.325
Antwerpen · Eq €31k
Pony en Pony
BE 0765.624.958
Kortrijk · Eq €31k
GEUKENS & DE VIL
BE 0476.783.803
Knokke-Heist · Eq €33k
TRENDOLOGY
BE 0538.927.842
Sint-Lambrechts-Woluwe · Eq €33k
Of 1,288 companies in sector 47690 we hold annual accounts for 424. 298 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-2020
Fiscal year end31-12
Abbreviation NL
BAO
Activities, NACEBEL
47690Retail sale of other cultural and recreation goods
47787Retail trade
47791Retail sale of antiques
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.