Design Art
ActiveThe computed 12-month bankruptcy probability of Design Art is 1.9% (moderate). The 2024 annual accounts show equity of €123k and a net result of €-20k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 36373 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability14▲+7
Solvency54=
Growth35▼-2
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.37 against 1.4 in 2023; short-term debt: 71.5% and cash: 16.3% of total assets), and 71.5% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
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 2024Solvency, return and age of the figures
Solvency
28.5%
Return on assets
-4.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-20k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2026, 393 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
393 d late
2023
560 d late
2022
270 d late
2021
73 d late
2020
207 d late
2019
215 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€775k▼ 33.7%
2023 · €1.17M
2018: €1.78M
2019: €1.66M
2023: €1.17M
2018 → 2024
EBIT margin
-1.1%▲ 2.2pp
2023 · -3.4%
2018: 1.2%
2019: 1.3%
2023: -3.4%
2018 → 2024
Net result
€-20k▲ 54.5%
2023 · €-45k
2018: €2k
2019: €2k
2020: €53k
2021: €25k
2022: €7k
2023: €-45k
2018 → 2024
Working capital
€116k▼ 15.8%
2023 · €137k
2018: €73k
2019: €100k
2020: €148k
2021: €175k
2022: €182k
2023: €137k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.17M€775k▼ 33.7%
Equity€156k-€181k▲ 16.2%€188k▲ 3.9%€144k▼ 23.7%€123k▼ 14.1%
Operating result€68k-€43k▼ 36.5%€17k▼ 60.4%€-40k€-9k▲ 77.6%
Net result€53k-€25k▼ 52.2%€7k▼ 71.7%€-45k€-20k▲ 54.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2024 against €40k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €432k
Fixed assets
€8k▲ 23.2%
Current assets
€424k▼ 11.7%
Equity and liabilities €432k
Equity
€123k▼ 14.1%
Debt
€309k▼ 10.1%
The debt ratio rises from 70.5% to 71.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6k▲
2023 · €-38k
Cash flow
€-18k▲
2023 · €-43k
Solvency
28.5%▼
2023 · 29.5%
Current ratio
1.37▼
2023 · 1.40
Quick ratio
1.37▲
2023 · 1.32
Debt / equity
2.50▲
2023 · 2.39
ROE
-16.4%▲
2023 · -31.0%
ROA
-4.7%▲
2023 · -9.1%
Interest coverage
-0.55▲
2023 · -7.72
Debt
€309k▼
2023 · €343k
Debt ≤ 1 year
€309k▼
2023 · €343k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€487k€432k▼
Fixed assets21/28€6k€8k▲
Tangible fixed assets22/27€4k€5k▲
Plant, machinery and equipment23€4k€5k▲
Furniture and vehicles24€345€717▲
Financial fixed assets28€2k€2k=
Current assets29/58€481k€424k▼
Stocks and contracts in progress3€27k-
Stocks30/36€27k-
Amounts receivable within one year40/41€405k€351k▼
Trade receivables40€227k€187k▼
Other amounts receivable41€178k€164k▼
Cash at bank and in hand54/58€46k€70k▲
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€487k€432k▼
Equity10/15€144k€123k▼
Contributions10/11€26k€26k=
Reserves13€29k€29k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€27k€27k=
Profit (loss) carried forward14€89k€69k▼
Amounts payable17/49€343k€309k▼
Amounts payable within one year42/48€343k€309k▼
Financial debts43€77k€97k▲
Credit institutions430/8€77k€97k▲
Trade debts44€159k€119k▼
Suppliers440/4€159k€119k▼
Taxes, remuneration and social security45€16k€912▼
Taxes450/3€0€912▲
Remuneration and social security454/9€16k-
Other amounts payable47/48€91k€92k▲
Income statement
Code20232024
Turnover70€1.17M€775k▼
Goods, raw materials, services and sundry goods60/61€929k€846k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€282k€-15k▼
Other operating charges640/8€446€446▲
Non-recurring operating charges66A€1k€106▼
Gross operating margin9900€246k€-21k▼
Operating profit (loss)9901€-40k€-9k▲
Financial income75/76B€511€78▼
Recurring financial income75€511€78▼
Financial charges65/66B€5k€11k▲
Recurring financial charges65€5k€11k▲
Profit (loss) for the period before taxes9903€-44k€-20k▲
Income taxes67/77€471-
Profit (loss) for the period9904€-45k€-20k▲
Profit (loss) for the period to be appropriated9905€-45k€-20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€89k€69k▼
Profit (loss) brought forward from the previous period14P€134k€89k▼
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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 393 days late
11-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 560 days late
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 270 days late
2023
31-12
Financial
Weakest financial yearnet €-45k ▼725%
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 207 days late
2021
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 215 days late
2020
31-12
Financial
Highest result since 2018net €53k ▲3265%
Operating result €68k, net result €53k, both a record.
31-12
Financial
Equity above €150kEq €156k ▲62.2%
3 profitable years in a row build equity to €156k.
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 182 days late
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 64 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 46 days late
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Ukkel · 1 establishment unit since 2004
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.
Alsembergsesteenweg 8421180 UkkelGround area
1,616 m²
Building footprint
1,089 m²
Volume, LiDAR
6,528 m³
Parcel 21614E0126/00A002, Brussels · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DESIGN ART
since 20042.138.655.406
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 7,294 companies in sector 43350 we hold annual accounts for 2,361. 1,950 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-06-2004
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.