Bqart
ActiveSummary
The computed 12-month bankruptcy probability of Bqart is 2.1% (moderate). The 2025 annual accounts show negative equity (€-42k) and a net result of €-17k. Its solvency ranks better than 5% of 536 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.61 in 2024; short-term debt: 211.7% and cash: 48.1% of total assets), and equity is negative.
Credit check 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 · 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-114%
Return on assets
-45.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year €-42k
neutral · Filed after the deadline
The financial year that closed on 20-12-2025 was due by 20-07-2026 and was filed on 23-08-2026, 34 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
2025
34 d late
2024
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€-42k▼ 65.8%
2024 · €-25k
2024: €-25k
2025: €-42k▼ -65.8% vs 2024
2024 → 2025
Total assets
€37k▼ 5.6%
2024 · €39k
2024: €39k
2025: €37k▼ -5.6% vs 2024
2024 → 2025
Net result
€-17k▲ 63.2%
2024 · €-45k
2024: €-45k
2025: €-17k▲ +63.2% vs 2024
2024 → 2025
Working capital
€-42k▼ 67.6%
2024 · €-25k
2024: €-25k
2025: €-42k▼ -67.6% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€-25k-€-42k▼ 65.8%
2024: €-25k
2025: €-42k▼ -65.8% vs 2024
Operating result€-45k-€-17k▲ 63.4%
2024: €-45k
2025: €-17k▲ +63.4% vs 2024
Net result€-45k-€-17k▲ 63.2%
2024: €-45k
2025: €-17k▲ +63.2% vs 2024
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 stays negative: a loss of €17k in 2025 against €45k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37k
Fixed assets
€644 ▼ 9.0%
Current assets
€36k ▼ 5.6%
Key figures and ratios
EBITDA
€-16k▲
2024 · €-45k
Cash flow
€-17k▲
2024 · €-45k
Solvency
-114.0%▼
2024 · -64.9%
Current ratio
0.46▼
2024 · 0.61
Quick ratio
0.29▼
2024 · 0.37
Debt to equity
-1.88▲
2024 · -2.54
ROA
-45.2%▲
2024 · -115.9%
Interest coverage
-82.36▲
2024 · -165.83
Debt
€79k▲
2024 · €65k
Debt ≤ 1 year
€78k▲
2024 · €64k
Staff costs
€53k▼
2024 · €70k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€39k€37k▼
Fixed assets21/28€708€644▼
Tangible fixed assets22/27€251€187▼
Plant, machinery and equipment23€251€187▼
Financial fixed assets28€457€457=
Current assets29/58€39k€36k▼
Stocks and contracts in progress3€15k€14k▼
Stocks30/36€15k€14k▼
Amounts receivable within one year40/41€9k€5k▼
Trade receivables40€9k€5k▼
Cash at bank and in hand54/58€14k€18k▲
Deferred charges and accrued income490/1€379-
Equity and liabilities
Total equity and liabilities10/49€39k€37k▼
Equity10/15€-25k€-42k▼
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Other1109/19€20k€20k=
Profit (loss) carried forward14€-45k€-62k▼
Amounts payable17/49€65k€79k▲
Amounts payable within one year42/48€64k€78k▲
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Advances received on contracts in progress46€5k-
Taxes, remuneration and social security45€13k€13k▲
Taxes450/3€233€9▼
Remuneration and social security454/9€13k€13k▲
Other amounts payable47/48€44k€64k▲
Accrued charges and deferred income492/3€1k€828▼
Income statement
Code20242025
Remuneration, social security and pensions62€70k€53k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69€64▼
Gross operating margin9900€24k€37k▲
Operating profit (loss)9901€-45k€-17k▲
Financial charges65/66B€272€200▼
Recurring financial charges65€272€200▼
Profit (loss) for the period before taxes9903€-45k€-17k▲
Profit (loss) for the period9904€-45k€-17k▲
Profit (loss) for the period to be appropriated9905€-45k€-17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-45k€-62k▼
Profit (loss) brought forward from the previous period14P-€-45k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €70k | €53k | ▼ 23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €69 | €64 | ▼ 7.2% |
| Gross operating margin9900 | €24k | €37k | ▲ 50.4% |
| Operating profit (loss)9901 | €-45k | €-17k | ▲ 63.4% |
| Financial charges65/66B | €272 | €200 | ▼ 26.5% |
| Recurring financial charges65 | €272 | €200 | ▼ 26.5% |
| Profit (loss) for the period before taxes9903 | €-45k | €-17k | ▲ 63.2% |
| Profit (loss) for the period9904 | €-45k | €-17k | ▲ 63.2% |
| Profit (loss) for the period to be appropriated9905 | €-45k | €-17k | ▲ 63.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €39k | €37k | ▼ 5.6% |
| Fixed assets21/28 | €708 | €644 | ▼ 9.0% |
| Tangible fixed assets22/27 | €251 | €187 | ▼ 25.5% |
| Plant, machinery and equipment23 | €251 | €187 | ▼ 25.5% |
| Financial fixed assets28 | €457 | €457 | = |
| Current assets29/58 | €39k | €36k | ▼ 5.6% |
| Stocks and contracts in progress3 | €15k | €14k | ▼ 7.7% |
| Stocks30/36 | €15k | €14k | ▼ 7.7% |
| Amounts receivable within one year40/41 | €9k | €5k | ▼ 49.0% |
| Trade receivables40 | €9k | €5k | ▼ 49.0% |
| Cash at bank and in hand54/58 | €14k | €18k | ▲ 27.2% |
| Deferred charges and accrued income490/1 | €379 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €39k | €37k | ▼ 5.6% |
| Equity10/15 | €-25k | €-42k | ▼ 65.8% |
| Contributions10/11 | €20k | €20k | = |
| Outside capital11 | €20k | €20k | = |
| Other1109/19 | €20k | €20k | = |
| Profit (loss) carried forward14 | €-45k | €-62k | ▼ 36.8% |
| Amounts payable17/49 | €65k | €79k | ▲ 22.5% |
| Amounts payable within one year42/48 | €64k | €78k | ▲ 23.3% |
| Trade debts44 | €1k | €1k | ▼ 17.8% |
| Suppliers440/4 | €1k | €1k | ▼ 17.8% |
| Advances received on contracts in progress46 | €5k | - | - |
| Taxes, remuneration and social security45 | €13k | €13k | ▲ 1.7% |
| Taxes450/3 | €233 | €9 | ▼ 96.1% |
| Remuneration and social security454/9 | €13k | €13k | ▲ 3.5% |
| Other amounts payable47/48 | €44k | €64k | ▲ 45.4% |
| Accrued charges and deferred income492/3 | €1k | €828 | ▼ 24.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-45k | €-17k | ▲ 63.2% |
| + Depreciation and write-downs630 | €69 | €64 | ▼ 7.2% |
| Operating cash flow (approximation) | €-45k | €-17k | ▲ 63.3% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €4k | - |
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
24-09
State Gazette act
Resignations: LI Dongyan (director) and REN Zhaoqi (director)Appointment: LIANG Binbin (sole director) · Shareholding · Declaration7 facts ▸
State Gazette act
Resignations: LI Dongyan (director) and REN Zhaoqi (director)
Appointment: LIANG Binbin (sole director) · Shareholding · Declaration7 facts ▸
- General meeting, 12-09-2026
- Director resignation, LI Dongyan (director)
- Director resignation, REN Zhaoqi (director)
- Director appointment, LIANG Binbin (sole director)
- Shareholding, 01-10-2026, 100
- Declaration, absence de transfert d'actions
- Power of attorney, REN Zhaoqi
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 34 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
State Gazette actNBB filing
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
LIANG Binbin
CurrentSole director · since 01-10-2026
01-10-2026
LIANG Binbin: Appointed as Sole director
01-10-2026
LI Dongyan: Resigned as Director
01-10-2026
REN Zhaoqi: Resigned as Director
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2023
Ground area
5,672 m²
Building footprint
3,878 m²
Volume, LiDAR
86,391 m³
Parcel 21807G0131/00T000, Brussels · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
562
companies at this address
See who is registered here
1 establishment unit
Bqart
since 20232.348.478.678
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 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.
Structure & network
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 24-09-2026 ↗
- REN Zhaoqi all shares · 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,653 companies in sector 90111 we hold annual accounts for 385. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-06-2023
Fiscal year end20-12
Activities, NACEBEL 2025
90111Literary creation
47690Retail sale of other cultural and recreation goods
47791Retail sale of antiques
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.