BizzArt.studio
Bankruptcy closedInactive since 28-05-2026; last annual accounts for fiscal year 2023.
Summary
BizzArt.studio was declared bankrupt on 17-06-2025 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 26-05-2026, published in the Belgian State Gazette on 29-05-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2024
not filed
2023
31 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Business and other management consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€2,322▼ 73.8%
2022 · €8,873
Total assets
€8,543▼ 71.5%
2022 · €29,997
Net result
-€6,551
2022 · €5,873
Working capital
€2,254▼ 73.8%
2022 · €8,616
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
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 70, Activities of head offices; management consultancy 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023
Operating result€7,464--€6,476
Net result€5,873within the sector's middle half--€6,551below the sector's middle half
Equity€8,873below the sector's middle half-€2,322below the sector's middle half▼ 73.8%
Total assets€29,997below the sector's middle half-€8,543below the sector's middle half▼ 71.5%
Debt€21,124-€6,221▼ 70.5%
Working capital€8,616within the sector's middle half-€2,254within the sector's middle half▼ 73.8%
Solvency29.6%within the sector's middle half-27.2%within the sector's middle half▼ 2.4pp
Current ratio1.45within the sector's middle half-1.53within the sector's middle half▲ 0.08
Return on assets (ROA)19.6%within the sector's middle half--76.7%below the sector's middle half▼ 96.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €6,476 after €7,464 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €8,543
Fixed assets
€2,067 ▼ 8.4%
Current assets
€6,476 ▼ 76.7%
Equity and liabilities €8,543
Equity
€2,322 ▼ 73.8%
Debt
€6,221 ▼ 70.5%
Debt's share of the balance-sheet total rises from 70.4% to 72.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,201▼
2022 · €8,566
Cash flow
-€5,275▼
2022 · €6,975
Debt to equity
2.68▲
2022 · 2.38
ROE
-282.1%▼
2022 · 66.2%
Interest coverage
-69.45▼
2022 · 128.33
Debt ≤ 1 year
€4,221▼
2022 · €19,124
Debt > 1 year
€2,000=
2022 · €2,000
Income taxes
€0▼
2022 · €1,525
Staff costs
€0▼
2022 · €141
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €141 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,102 | €1,275 | ▲ 15.7% |
| Other operating charges640/8 | - | €132 | - |
| Gross operating margin9900 | €8,707 | -€5,069 | ▼ 158% |
| Operating profit (loss)9901 | €7,464 | -€6,476 | ▼ 187% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €67 | €75 | ▲ 12.2% |
| Recurring financial charges65 | €67 | €75 | ▲ 12.2% |
| Profit (loss) for the period before taxes9903 | €7,397 | -€6,551 | ▼ 189% |
| Income taxes67/77 | €1,525 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €5,873 | -€6,551 | ▼ 212% |
| Profit (loss) for the period to be appropriated9905 | €5,873 | -€6,551 | ▼ 212% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €29,997 | €8,543 | ▼ 71.5% |
| Fixed assets21/28 | €2,257 | €2,067 | ▼ 8.4% |
| Intangible fixed assets21 | €240 | €180 | ▼ 25.0% |
| Tangible fixed assets22/27 | €2,017 | €1,888 | ▼ 6.4% |
| Plant, machinery and equipment23 | €1,306 | €1,888 | ▲ 44.5% |
| Furniture and vehicles24 | €711 | €0 | ▼ 100% |
| Current assets29/58 | €27,740 | €6,476 | ▼ 76.7% |
| Amounts receivable within one year40/41 | €6,688 | €188 | ▼ 97.2% |
| Trade receivables40 | €6,664 | €0 | ▼ 100% |
| Other amounts receivable41 | €24 | €188 | ▲ 682% |
| Cash at bank and in hand54/58 | €20,940 | €6,288 | ▼ 70.0% |
| Deferred charges and accrued income490/1 | €112 | €0 | ▼ 100% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €29,997 | €8,543 | ▼ 71.5% |
| Equity10/15 | €8,873 | €2,322 | ▼ 73.8% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €5,873 | -€678 | ▼ 112% |
| Amounts payable17/49 | €21,124 | €6,221 | ▼ 70.5% |
| Amounts payable after more than one year17 | €2,000 | €2,000 | = |
| Financial debts170/4 | €2,000 | €2,000 | = |
| Amounts payable within one year42/48 | €19,124 | €4,221 | ▼ 77.9% |
| Trade debts44 | €1,007 | €536 | ▼ 46.8% |
| Suppliers440/4 | €1,007 | €536 | ▼ 46.8% |
| Taxes, remuneration and social security45 | €6,756 | €1,525 | ▼ 77.4% |
| Taxes450/3 | €6,756 | €1,525 | ▼ 77.4% |
| Other amounts payable47/48 | €11,361 | €2,161 | ▼ 81.0% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,873 | -€6,551 | ▼ 212% |
| + Depreciation and write-downs630 | €1,102 | €1,275 | ▲ 15.7% |
| Operating cash flow (approximation) | €6,975 | -€5,275 | ▼ 176% |
| Investment in fixed assets (approximation) | - | -€1,086 | - |
| Change in cash | - | -€14,652 | - |
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
2026
29-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 26-05-2026
2025
01-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 17-06-2025
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
SignalNBB filing
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent
Ground area
57 m²
Building footprint
49 m²
Volume, LiDAR
377 m³
Parcel 44807G0341/00K009, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0341/00K009 | Flanders | 57 m² | 1 · 48 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 | DIRK LEROUX Kortrijksesteenweg 1166, 9051 D Sint-Denijs-Westrem(Gent) |
17-06-2025 → 26-05-2026 |
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Company details
Identification
Legal formPrivate limited company
Founded30-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Website
www.bizzart.studio
E-mail
julie@bizzart.studio
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.