Equity
€815,982 ▲ 8.2%
ES-Art has made a profit in every financial year since 2021.
ES-Art
Lifetime
5 annual accounts with figures on one time axispeak €624,163 (2025)
€624,163▲ 64.2%
peak €328,576 (2022)
€62,185▼ 63.1%
peak €815,982 (2025)
€815,982▲ 8.2%
€6.5m▲ 134%
peak 1 FTE (2022)
0.9 FTEunchanged
Board1 name since 2021
1 directorSIMOENS Edouard
Documentsfilings and deeds
16-06-202645 days before the deadline
2025abbreviated format
Gross margin from €380,137 to €624,163Result from €168,308 to €62,185Debts from €2.8m to €6.5mInvestments €3.3m
Key points
from the 2025 annual accountsResult
€62,185 ▼ 63.1%
The result fell in 2025 from €168,308 to €62,185.
Turnover
≈ €4.2m estimated
The abbreviated format states no turnover.
Debts
€6.5m 89% of the balance sheet
Financial debts 61%Suppliers 13%Taxes and wages 1%Other 25%
Of this, €1.6m falls due within a year.
Investments
€2.6m 113.5 × depreciation
Green is investment, beige is depreciation.
Filings
5 annual accounts 3 late
The 2023 accounts came latest: 43 days after the end of the period.
Checked score
64
Healthy
Financially stronger than 39% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.7%▼ -0.2 percentage points vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 2.0%▲ +0.3 percentage points vs 02-2025
04-2025: 2.1%▲ +0.1 percentage points vs 03-2025
05-2025: 2.0%▼ -0.1 percentage points vs 04-2025
06-2025: 2.4%▲ +0.4 percentage points vs 05-2025
07-2025: 2.4%● unchanged vs 06-2025
08-2025: 3.1%▲ +0.7 percentage points vs 07-2025highest value
09-2025: 2.5%▼ -0.6 percentage points vs 08-2025
10-2025: 2.6%▲ +0.1 percentage points vs 09-2025
11-2025: 2.6%● unchanged vs 10-2025
12-2025: 2.6%● unchanged vs 11-2025
01-2026: 2.6%● unchanged vs 12-2025
02-2026: 2.7%▲ +0.1 percentage points vs 01-2026
03-2026: 3.0%▲ +0.3 percentage points vs 02-2026
04-2026: 3.0%● unchanged vs 03-2026
05-2026: 3.0%● unchanged vs 04-2026
06-2026: 3.1%▲ +0.1 percentage points vs 05-2026
07-2026: 1.4%▼ -1.7 percentage points vs 06-2026
08-2026: 1.3%▼ -0.1 percentage points vs 07-2026
09-2026: 1.3%● unchanged vs 08-2026
10-2026: 1.3%● unchanged vs 09-2026lowest value
11-2026: 1.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
1 of the last 3 accounts late
Founded in 2021
Liquidity: current ratio 2.60, cash €141,888
lowers risk
Size: 0.9 FTE, total assets €7.3m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 28% of them on solvency, 44% on liquidity, 28% on profitability and 58% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,274 companies had the same profile as ES-Art has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ES-Art itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,274 companies, not a prediction for ES-Art. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.6 (4.36 in 2024), above the usual 1.5. Short-term debt is 21.5% and cash 1.9% of total assets. However, 88.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 12853 sector peers (2025).
NBB · sector comparisonPosition among 12853 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
45 days early
2024
5 days late
2023
43 days late
2022
31 days late
2021
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 1 day before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 August (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0767676014
First establishment
Edouard Simoens Gallery, Zeedijk-Het Zoute 811, Knokke-Heist
Incorporation
Founding capital of €5,000, 50 shares · Founder: SIMOENS, Edouard (comparant) · Appointment: SIMOENS, Edouard (director) · published on 03-05-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ES-Art Knokke-Heist | €7.3m | €624,163 | 11.2% | 0.9 |
| Gilimar Antwerp | €3.4m | €122,138 | 33.9% | 1 |
| Pareit.Gallery Knokke-Heist | €11.5m | €926,404 | 4.6% | 1.9 |
| PIERRE MARIE GIRAUD Ixelles | €4.4m | €556,639 | 82.2% | 1.8 |
| ALTRISA Zemst | €5.4m | €842,591 | 91.6% | - |
| Agnews Ixelles | €5.1m | €627,223 | 5.2% | 2.8 |
| MONTAGU ARTS BELGIUM Kapellen | €3.2m | €584,734 | 93.7% | - |
These companies have the same main activity as ES-Art: retail sale of other cultural and recreation goods (NACE 47690). They are comparable in size and age: total assets between €3.2m and €12m, founded between 2017 and 2024.
Official details
Source: KBO- Status
- Active since 29-04-2021Normal situation
- Activity
- Retail sale of other cultural and recreation goodsNACE 47690and 2 others
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.316.604.5778300 Knokke-Heist, since 04-05-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2025
Annual accounts 2025
- €7.3m▲ 107%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on ES-Art
ES-Art files the abbreviated format. That format states no turnover. The gross margin rose from €314,743 in 2021 to €624,163 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ES-Art
- What is the company number of ES-Art?
- The company number of ES-Art is 0767.676.014. The VAT number is the same number with BE in front: BE 0767.676.014.
- Where is ES-Art based?
- The registered office is at Zeedijk-Het Zoute 811, 8300 Knokke-Heist.Company details
- What does ES-Art do?
- According to the KBO register, the main activity is retail sale of other cultural and recreation goods (NACE 47690).
- What is the legal form of ES-Art?
- ES-Art is a private limited company (BV).
- When was ES-Art founded?
- ES-Art was founded on 29-04-2021.
- Is ES-Art still active?
- Yes, ES-Art is an active enterprise in the KBO register.
- How many employees does ES-Art have?
- ES-Art had an average of 0.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ES-Art fall under?
- In its 2025 annual accounts, ES-Art states joint committee 201 (Independent retail).
- What is the turnover of ES-Art?
- The turnover in financial year 2025 is ≈ €4.2m. This figure is estimated from the gross margin of €624,163 and 214 comparable companies (NACE 47). It probably lies between €2.3m and €6.6m.
- Is ES-Art profitable?
- In financial year 2025, ES-Art made a profit of €62,185.
- Where can I find the annual accounts of ES-Art?
- ES-Art filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ES-Art due?
- ES-Art must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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