de ARTS
ActiveThe file of de ARTS contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
For de ARTS, at least two filing cycles of the annual accounts are missing. The computed 12-month bankruptcy probability is 2.7% (moderate). The 2022 annual accounts show negative equity (-€79,854) and a net result of €16,838. Equity is growing by ~4.9% per year across the filed fiscal years.
Overview
What they do
Activity not known1 site
How big
€359,132total assets 2022
- Equity
- -€79,854
- Profit
- €16,838
Turnover not published (abridged schema)
Financially healthy?
- Bankruptcy chance 12 m
- 2.7%
2022 figures too old to score
Who decides
Accounts 792 d overdue0 of 2 deeds read
Signals- Annual accounts: weaker financial profile- No NACE activity registered- Higher-failure-rate region- Two or more financial years not filed+ Long track recordPrior bankruptcyLatest accounts filed on timeShow the evidence
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability61▲+15
Solvency3▲+3
Growth58=
Track record85
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2022Solvency, return and age of the figures
Solvency
-22.2%
Return on assets
4.7%
Age of the figures
45 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 18-07-2023, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
13 d early
2021
13 d early
2020
12 d early
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 20 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2022 · micro…
- Highest result since 2018net €16,838 ▲256%
- Annual accounts filedfiscal year 2021 · micro…
Financials
Fiscal year 2022Total assets €359,132Profit €16,838Solvency -22.2%Liquidity 0.23
Total assets
€359,132▼ 1.1%
2018 - 2022
Net result
€16,838▲ 256%
2018 - 2022
Equity
-€79,854▲ 17.4%
2018 - 2022
Solvency
-22.2%▲ 4.4pp
2018 - 2022
Financials · fiscal year 2022, micro schema
Trend over the years
Trend over the years
In euros
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€2,296--€42,681€17,088€11,885▼ 30.4%€24,795▲ 109%
Net result-€20,159--€57,826▼ 187%€4,865€4,724▼ 2.9%€16,838▲ 256%
Equity-€48,457--€106,282▼ 119%-€101,417▲ 4.6%-€96,693▲ 4.7%-€79,854▲ 17.4%
Total assets€508,331-€372,629▼ 26.7%€398,396▲ 6.9%€363,069▼ 8.9%€359,132▼ 1.1%
Debt€556,787-€478,912▼ 14.0%€499,813▲ 4.4%€459,762▼ 8.0%€438,986▼ 4.5%
Working capital-€140,670--€188,228▼ 33.8%-€203,280▼ 8.0%-€204,442▼ 0.6%-€192,420▲ 5.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 109% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €359,132
Fixed assets
€300,065 ▼ 3.3%
Current assets
€59,066 ▲ 11.8%
Equity and liabilities
Equity-€79,854
Debt€438,986
Equity is negative: debt (€438,986) exceeds the balance-sheet total (€359,132).
Key figures and ratios
Key figures and ratios
EBITDA
€34,980▲
2021 · €22,048
Cash flow
€27,023▲
2021 · €14,887
Solvency
-22.2%▲
2021 · -26.6%
Current ratio
0.23▲
2021 · 0.21
Quick ratio
0.22▲
2021 · 0.19
ROA
4.7%▲
2021 · 1.3%
Interest coverage
4.39▲
2021 · 3.08
Debt ≤ 1 year
€251,486▼
2021 · €257,262
Debt > 1 year
€187,500▼
2021 · €202,500
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,001 | €10,267 | €10,083 | €10,163 | €10,184 | ▲ 0.2% |
| Other operating charges640/8 | - | - | - | €8,450 | €165 | ▼ 98.0% |
| Gross operating margin9900 | €15,461 | -€30,297 | €27,171 | €30,498 | €35,145 | ▲ 15.2% |
| Operating profit (loss)9901 | €2,296 | -€42,681 | €17,088 | €11,885 | €24,795 | ▲ 109% |
| Financial income75/76B | - | - | - | - | €5 | - |
| Recurring financial income75 | €0 | €14 | €19 | - | €5 | - |
| Financial charges65/66B | - | - | - | €7,161 | €7,962 | ▲ 11.2% |
| Recurring financial charges65 | €22,455 | €15,159 | €12,242 | €7,161 | €7,962 | ▲ 11.2% |
| Profit (loss) for the period before taxes9903 | -€20,159 | -€57,826 | €4,865 | €4,724 | €16,838 | ▲ 256% |
| Profit (loss) for the period9904 | -€20,159 | -€57,826 | €4,865 | €4,724 | €16,838 | ▲ 256% |
| Profit (loss) for the period to be appropriated9905 | -€20,159 | -€57,826 | €4,865 | €4,724 | €16,838 | ▲ 256% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €508,331 | €372,629 | €398,396 | €363,069 | €359,132 | ▼ 1.1% |
| Fixed assets21/28 | €339,713 | €329,446 | €319,363 | €310,249 | €300,065 | ▼ 3.3% |
| Tangible fixed assets22/27 | €339,713 | €329,446 | €319,363 | €310,249 | €300,065 | ▼ 3.3% |
| Land and buildings22 | - | - | - | €309,388 | €299,414 | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | - | €861 | €651 | ▼ 24.4% |
| Current assets29/58 | €168,618 | €43,183 | €79,033 | €52,820 | €59,066 | ▲ 11.8% |
| Stocks and contracts in progress3 | €50,000 | €10,000 | €12,686 | €3,985 | €3,528 | ▼ 11.5% |
| Stocks30/36 | - | - | - | €3,985 | €3,528 | ▼ 11.5% |
| Amounts receivable within one year40/41 | €88,949 | €33,183 | €52,638 | €48,468 | €55,536 | ▲ 14.6% |
| Trade receivables40 | - | - | - | €48,124 | €55,536 | ▲ 15.4% |
| Other amounts receivable41 | - | - | - | €344 | - | - |
| Cash at bank and in hand54/58 | €29,252 | - | €13,709 | €1 | €2 | ▲ 265% |
| Deferred charges and accrued income490/1 | - | - | - | €366 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €508,331 | €372,629 | €398,396 | €363,069 | €359,132 | ▼ 1.1% |
| Equity10/15 | -€48,457 | -€106,282 | -€101,417 | -€96,693 | -€79,854 | ▲ 17.4% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€68,917 | -€126,742 | -€121,877 | -€117,153 | -€100,314 | ▲ 14.4% |
| Amounts payable17/49 | €556,787 | €478,912 | €499,813 | €459,762 | €438,986 | ▼ 4.5% |
| Amounts payable after more than one year17 | €247,500 | €247,500 | €217,500 | €202,500 | €187,500 | ▼ 7.4% |
| Financial debts170/4 | - | - | - | €202,500 | €187,500 | ▼ 7.4% |
| Amounts payable within one year42/48 | €309,287 | €231,412 | €282,313 | €257,262 | €251,486 | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €25,740 | €25,740 | = |
| Trade debts44 | €161,400 | €81,886 | €63,937 | €61,327 | €60,735 | ▼ 1.0% |
| Suppliers440/4 | - | - | - | €61,327 | €60,735 | ▼ 1.0% |
| Taxes, remuneration and social security45 | - | - | - | €14,553 | €15,099 | ▲ 3.8% |
| Taxes450/3 | - | - | - | €14,553 | €15,099 | ▲ 3.8% |
| Other amounts payable47/48 | - | - | - | €155,643 | €149,913 | ▼ 3.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,159 | -€57,826 | €4,865 | €4,724 | €16,838 | ▲ 256% |
| + Depreciation and write-downs630 | €11,001 | €10,267 | €10,083 | €10,163 | €10,184 | ▲ 0.2% |
| Operating cash flow (approximation) | -€9,158 | -€47,559 | €14,948 | €14,887 | €27,023 | ▲ 81.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,049 | €0 | ▲ 100% |
| Change in cash | - | - | - | -€13,708 | €2 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CLAUDE BECK Rue Du Ry Ternel 14, 1421 Ophain- Bois-Seigneur |
06-08-2019 → 02-03-2020 |
Timeline
15 eventsLatest 18-07-2023
History
Acts, filings and financial milestones
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €16,838 ▲256%
Operating result €24,795, net result €16,838, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4,865
Net result €4,865 after 2 loss-making years.
07-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 495 days late
07-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 860 days late
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
10-03
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise du Brabant wallon · event 02-03-2020
2019
31-12
Financial
Weakest financial yearnet -€57,826
Net result drops to -€57,826, the lowest in the series; recovery starts the following year.
13-08
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 06-08-2019
2016
19-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Show earlier events
2015
13-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 13 days late
2014
30-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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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Company details
Private limited company · founded 29-01-2010Year ends 31-12Peppol not found1 site
Register details
Identification
Legal formPrivate limited company
Founded29-01-2010
Fiscal year end31-12
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.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Braine-l'Alleud · 1 establishment unit since 2010
Ground area
584 m²
Building footprint
111 m²
Volume, LiDAR
427 m³
Parcel 25078A0298/00W005, Wallonia · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue Michel Botte 88, 1421 Braine-l'Alleud
since 2010unit no. 2.185.281.722
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25078A0298/00W005indicative | Wallonia | 584 m² | 1 · 111 m² | 5.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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