ES-Art
ActiveSummary
The computed 12-month bankruptcy probability of ES-Art is 1.8% (moderate). The 2024 annual accounts show equity of €754k and a net result of €168k. Equity is growing by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 9623 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability59▲+26
Solvency46▲+4
Growth52=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 4.36 against 4.72 in 2023; short-term debt: 22.9% and cash: 0% of total assets), but 78.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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
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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
5 d late
2023
43 d late
2022
31 d late
2021
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€754k▲ 28.7%
2023 · €585k
2021: €234k
2022: €562k
2023: €585k
2021 → 2024
Total assets
€3.53M▲ 2.2%
2023 · €3.45M
2021: €1.62M
2022: €3.55M
2023: €3.45M
2021 → 2024
Net result
€168k▲ 626%
2023 · €23k
2021: €239k
2022: €329k
2023: €23k
2021 → 2024
Working capital
€2.71M▼ 0.2%
2023 · €2.72M
2021: €1.52M
2022: €2.27M
2023: €2.72M
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€234k-€562k▲ 141%€585k▲ 4.1%€754k▲ 28.7%
Operating result€313k-€536k▲ 71.0%€103k▼ 80.9%€302k▲ 194%
Net result€239k-€329k▲ 37.6%€23k▼ 92.9%€168k▲ 626%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 194% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.53M
Fixed assets
€8k ▲ 156%
Current assets
€3.52M ▲ 2.0%
Equity and liabilities €3.53M
Equity
€754k ▲ 28.7%
Debt
€2.78M ▼ 3.3%
Debt's share of the balance-sheet total falls from 83.0% to 78.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€305k▲
2023 · €104k
Cash flow
€172k▲
2023 · €25k
Current ratio
4.36▼
2023 · 4.72
Quick ratio
0.81▲
2023 · 0.73
Debt to equity
3.68▼
2023 · 4.90
ROE
22.3%▲
2023 · 4.0%
ROA
4.8%▲
2023 · 0.7%
Interest coverage
4.06▲
2023 · 1.59
Debt ≤ 1 year
€808k▲
2023 · €732k
Debt > 1 year
€1.88M▼
2023 · €2.10M
Income taxes
€58k▲
2023 · €14k
Staff costs
€45k▲
2023 · €33k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.45M€3.53M▲
Formation expenses20-€0
Fixed assets21/28€3k€8k▲
Tangible fixed assets22/27€3k€8k▲
Plant, machinery and equipment23€3k€5k▲
Furniture and vehicles24-€3k
Current assets29/58€3.45M€3.52M▲
Stocks and contracts in progress3€2.91M€2.87M▼
Stocks30/36€2.91M€2.87M▼
Amounts receivable within one year40/41€479k€581k▲
Trade receivables40€423k€577k▲
Other amounts receivable41€55k€4k▼
Cash at bank and in hand54/58€25k€0▼
Deferred charges and accrued income490/1€32k€73k▲
Equity and liabilities
Total equity and liabilities10/49€3.45M€3.53M▲
Equity10/15€585k€754k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€580k€749k▲
Amounts payable17/49€2.87M€2.78M▼
Amounts payable after more than one year17€2.10M€1.88M▼
Financial debts170/4€292k-
Other amounts payable178/9€1.81M€1.88M▲
Amounts payable within one year42/48€732k€808k▲
Financial debts43€211k-
Credit institutions430/8€211k-
Trade debts44€375k€508k▲
Suppliers440/4€375k€508k▲
Advances received on contracts in progress46-€175k
Taxes, remuneration and social security45€79k€61k▼
Taxes450/3€75k€54k▼
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48€67k€63k▼
Accrued charges and deferred income492/3€38k€86k▲
Income statement
Code20232024
Remuneration, social security and pensions62€33k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€1k€15k▲
Non-recurring operating charges66A-€15k
Gross operating margin9900€138k€380k▲
Operating profit (loss)9901€103k€302k▲
Financial income75/76B€4-
Recurring financial income75€4-
Financial charges65/66B€65k€75k▲
Recurring financial charges65€65k€75k▲
Profit (loss) for the period before taxes9903€37k€227k▲
Income taxes67/77€14k€58k▲
Profit (loss) for the period9904€23k€168k▲
Profit (loss) for the period to be appropriated9905€23k€168k▲
Appropriation of the result
Profit (loss) to be appropriated9906€580k€749k▲
Profit (loss) brought forward from the previous period14P€557k€580k▲
Social balance
Average headcount (FTE)90870.90.9=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 43 days late
2023
31-12
Financial
Weakest financial yearnet €23k ▼92.9%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €329k ▲37.6%
Operating result €536k, net result €329k, both a record.
31-12
Financial
Equity above €500kEq €562k ▲141%
2 profitable years in a row build equity to €562k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Knokke-Heist · 1 establishment unit since 2021
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.
Zeedijk-Het Zoute 8118300 Knokke-HeistGround area
179 m²
Building footprint
153 m²
Volume, LiDAR
3,264 m³
Parcel 31332E0948/00_000, Flanders · tallest building 30.2 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Edouard Simoens Gallery
since 20212.316.604.577
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0948/00_000 | Flanders | 179 m² | 1 · 153 m² | 30.1 m · 9 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.
Similar companies · same sector, comparable size
Van Impe
BE 0400.323.255
Sint-Lievens-Houtem · Eq €751k
ALIGATOR
BE 0894.505.294
Elsene · Eq €746k
TWIG
BE 0464.722.644
Elsene · Eq €765k
J A T Café
BE 0508.468.159
Brussel · Eq €741k
Mamut
BE 0872.720.777
Koksijde · Eq €729k
Of 1,289 companies in sector 47690 we hold annual accounts for 425. 221 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
47120Other non-specialised retail sale
47791Retail sale of antiques
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.