EUROART
Bankruptcy closedSummary
EUROART was declared bankrupt on 08-07-2025 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 02-12-2025, published in the Belgian State Gazette on 09-12-2025. The 2022 annual accounts show equity of €832 and a net result of €-13k.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 11-07-2023, 20 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
20 d early
2021
271 d late
2020
214 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€832▼ 94.2%
2021 · €14k
2020: €6k
2021: €14k
2020 → 2022
Total assets
€8k▼ 75.2%
2021 · €34k
2020: €9k
2021: €34k
2020 → 2022
Net result
€-13k
2021 · €9k
2020: €6k
2021: €9k
2020 → 2022
Working capital
€832▼ 94.2%
2021 · €14k
2020: €5k
2021: €14k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€6k-€14k▲ 156%€832▼ 94.2%
Operating result€7k-€11k▲ 56.9%€-14k
Net result€6k-€9k▲ 56.2%€-13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €14k after €11k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €8k
Equity
€832 ▼ 94.2%
Debt
€8k ▼ 61.3%
Debt's share of the balance-sheet total rises from 57.7% to 90.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.11▼
2021 · 1.73
ROA
-160.3%▼
2021 · 25.8%
Debt ≤ 1 year
€8k▼
2021 · €19k
Equity ratios withheld: equity of €832 is too small for a meaningful ratio.
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 · 2022 against 2021 · 31 lines
Balance sheet
Code20212022
Assets
Total assets20/58€34k€8k▼
Current assets29/58€34k€8k▼
Amounts receivable within one year40/41€23k€8k▼
Trade receivables40€15k€3k▼
Other amounts receivable41€8k€6k▼
Cash at bank and in hand54/58€10k-
Equity and liabilities
Total equity and liabilities10/49€34k€8k▼
Equity10/15€14k€832▼
Profit (loss) carried forward14€14k€832▼
Amounts payable17/49€19k€8k▼
Amounts payable within one year42/48€19k€8k▼
Financial debts43-€26
Credit institutions430/8-€26
Trade debts44€16k€5k▼
Suppliers440/4€16k€5k▼
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110-
Other operating charges640/8€400€967▲
Gross operating margin9900€11k€-13k▼
Operating profit (loss)9901€11k€-14k▼
Financial income75/76B€216€329▲
Recurring financial income75€216€329▲
Financial charges65/66B€106€168▲
Recurring financial charges65€106€168▲
Profit (loss) for the period before taxes9903€11k€-13k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€9k€-13k▼
Profit (loss) for the period to be appropriated9905€9k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€832▼
Profit (loss) brought forward from the previous period14P€6k€14k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · EUROART BV STALINGRADLAAN 52, 1000 BRUSSEL · event 02-12-2025
15-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · EUROART BV STALINGRAD- LAAN 52, 1000 BRUSSEL · event 08-07-2025
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 271 days late
2022
31-12
Financial
Weakest financial yearnet €-13k ▼254%
Net result drops to €-13k, the lowest in the series.
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 214 days late
2021
31-12
Financial
Highest result since 2020net €9k ▲56.2%
Operating result €11k, net result €9k, both a record.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
1 establishment unit since 2019
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.
Ground area
387 m²
Building footprint
391 m²
Volume, LiDAR
4,933 m³
2 parcels, Brussels · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
EUROART
since 20192.290.415.369
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0170/02B005 | Brussels | 336 m² | 1 · 340 m² | 21.1 m · 5 fl. |
| 21013B0332/00H002 | Brussels | 52 m² | 1 · 51 m² | 17.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WINNY TIRMARCHE A. DE COCKPLEIN 9,
1831 DIEGEM |
08-07-2025 → 02-12-2025 |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-06-2019
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.