belgianartzone
Activebelgianartzone has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €19k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 10331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▼-37
Solvency41▼-2
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.6 against 1.18 in 2024; short-term debt: 62.7% and cash: 1.4% of total assets), and 83.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
16.1%
Return on assets
10.2%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
3 d early
2023
30 d early
2022
28 d early
2021
47 d late
2020
89 d late
2019
55 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€30k▼ 42.4%
2024 · €52k
2018: €37k
2019: €16k
2020: €-5k
2021: €14k
2022: €43k
2023: €53k
2024: €52k
2018 → 2025
Total assets
€186k▼ 33.9%
2024 · €281k
2018: €296k
2019: €232k
2020: €161k
2021: €161k
2022: €227k
2023: €266k
2024: €281k
2018 → 2025
Net result
€19k
2024 · €-1k
2018: €4k
2019: €-22k
2020: €-21k
2021: €19k
2022: €29k
2023: €3k
2024: €-1k
2018 → 2025
Working capital
€-46k
2024 · €13k
2018: €16k
2019: €30k
2020: €-222
2021: €12k
2022: €38k
2023: €481
2024: €13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€43k▲ 214%€53k▲ 25.6%€52k▼ 2.6%€30k▼ 42.4%
Operating result€51k-€64k▲ 26.6%€44k▼ 31.5%€39k▼ 10.2%€-206k
Net result€19k-€29k▲ 54.4%€3k▼ 88.7%€-1k€19k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €206k after €39k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186k
Fixed assets
€115k▼ 41.7%
Current assets
€71k▼ 15.6%
Equity and liabilities €186k
Equity
€30k▼ 42.4%
Debt
€156k▼ 32.0%
The debt ratio rises from 81.5% to 83.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-154k▼
2024 · €88k
Cash flow
€71k▲
2024 · €47k
Solvency
16.1%▼
2024 · 18.5%
Current ratio
0.60▼
2024 · 1.18
Quick ratio
0.60▼
2024 · 1.18
Debt / equity
5.20▲
2024 · 4.41
ROE
63.0%▲
2024 · -2.6%
ROA
10.2%▲
2024 · -0.5%
Interest coverage
-4.17▼
2024 · 8.75
Debt
€156k▼
2024 · €229k
Debt ≤ 1 year
€117k▲
2024 · €71k
Debt > 1 year
€39k▼
2024 · €159k
Income taxes
€8k▲
2024 · €4k
Staff costs
€85k▼
2024 · €120k
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€281k€186k▼
Fixed assets21/28€198k€115k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€168k€115k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€163k€113k▼
Financial fixed assets28€30k-
Current assets29/58€84k€71k▼
Amounts receivable within one year40/41€33k€64k▲
Trade receivables40€33k€64k▲
Other amounts receivable41€67€153▲
Cash at bank and in hand54/58€41k€3k▼
Deferred charges and accrued income490/1€9k€4k▼
Equity and liabilities
Total equity and liabilities10/49€281k€186k▼
Equity10/15€52k€30k▼
Contributions10/11€20k-
Reserves13€33k€30k▼
Distributable reserves133€33k€30k▼
Profit (loss) carried forward14€-1k€28▲
Amounts payable17/49€229k€156k▼
Amounts payable after more than one year17€159k€39k▼
Financial debts170/4€159k€39k▼
Amounts payable within one year42/48€71k€117k▲
Current portion of amounts payable after more than one year42€17k€18k▲
Financial debts43€6k-
Credit institutions430/8€6k-
Trade debts44€13k€17k▲
Suppliers440/4€13k€17k▲
Taxes, remuneration and social security45€34k€57k▲
Taxes450/3€21k€35k▲
Remuneration and social security454/9€13k€22k▲
Other amounts payable47/48-€25k
Income statement
Code20242025
Remuneration, social security and pensions62€120k€85k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€52k▲
Other operating charges640/8€1k€272k▲
Gross operating margin9900€209k€203k▼
Operating profit (loss)9901€39k€-206k▼
Financial income75/76B-€149
Recurring financial income75-€149
Financial charges65/66B€36k€-233k▼
Recurring financial charges65€10k€37k▲
Non-recurring financial charges66B€26k€-270k▼
Profit (loss) for the period before taxes9903€3k€27k▲
Income taxes67/77€4k€8k▲
Profit (loss) for the period9904€-1k€19k▲
Profit (loss) for the period to be appropriated9905€-1k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€18k▲
Profit (loss) brought forward from the previous period14P€11€-1k▼
Transfer from equity791/2-€21k
Transfer to equity691/2-€18k
To other reserves6921-€18k
Profit to be distributed694/7-€21k
Return on contributions (dividend)694-€21k
The notes to these accounts (15 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €29k ▲54.4%
Operating result €64k, net result €29k, both a record.
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 47 days late
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
31-12
Financial
Weakest financial yearnet €-22k ▼650%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Tielt-Winge · 1 establishment unit since 2011
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.
Gouden Kruispunt 523390 Tielt-WingeGround area
304 m²
Building footprint
201 m²
Parcel 24101D0123/00W002, Flanders. Linked by address, not a title deed.
1 establishment unit
BAZ BVBA
since 20112.201.544.266
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24101D0123/00W002 | Flanders | 304 m² | 1 · 201 m² | - |
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
Mhncura
BE 0778.955.332
Gent · Eq €30k
GENERAL SUPPLY & EQUIPMENT
BE 0877.302.345
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Edia Care
BE 0737.878.307
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JEJO SHOPS
BE 0692.953.152
Ninove · Eq €30k
EGETEX
BE 0474.387.408
Schaarbeek · Eq €29k
Of 4,245 companies in sector 47789 we hold annual accounts for 1,020. 703 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-08-2011
Fiscal year end31-12
Abbreviation NL
baz
Activities, NACEBEL
46499Wholesale of other household goods
47789Other retail sale of new goods
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
46900Non-specialised wholesale trade
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.