ITS ART
ActiveFor ITS ART, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €27k and a net result of €677. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 34% of 794 sector peers (fiscal year 2023). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability42▼-30
Solvency48▼-2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six 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 2023Solvency, return and age of the figures
Solvency
22.8%
Return on assets
0.6%
Age of the figures
33 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Sector 32
lower
← 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 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
31-12-2024 close31-07-2025 deadline18-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
29 d late
2021
198 d late
2020
563 d late
2019
928 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€27k▲ 2.6%
2022 · €26k
2018: €33k
2019: €41k
2020: €32k
2021: €24k
2022: €26k
2018 → 2023
Total assets
€117k▲ 10.2%
2022 · €106k
2018: €71k
2019: €87k
2020: €102k
2021: €99k
2022: €106k
2018 → 2023
Net result
€677▼ 72.5%
2022 · €2k
2018: €2k
2019: €7k
2020: €-8k
2021: €-9k
2022: €2k
2018 → 2023
Working capital
€22k▼ 10.7%
2022 · €25k
2018: €24k
2019: €33k
2020: €28k
2021: €21k
2022: €25k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€41k-€32k▼ 20.5%€24k▼ 26.9%€26k▲ 10.5%€27k▲ 2.6%
Operating result€18k-€6k▼ 67.1%€-9k€3k€2k▼ 26.3%
Net result€7k-€-8k€-9k▼ 4.2%€2k€677▼ 72.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 26% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €117k
Fixed assets
€5k▲ 219%
Current assets
€112k▲ 7.2%
Equity and liabilities €117k
Equity
€27k▲ 2.6%
Debt
€90k▲ 12.6%
The debt ratio rises from 75.5% to 77.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3k▼
2022 · €4k
Cash flow
€2k▼
2022 · €3k
Solvency
22.8%▼
2022 · 24.5%
Current ratio
1.24▼
2022 · 1.31
Quick ratio
1.20▼
2022 · 1.26
Debt / equity
3.38▲
2022 · 3.08
ROE
2.5%▼
2022 · 9.5%
ROA
0.6%▼
2022 · 2.3%
Interest coverage
2.70▼
2022 · 7.34
Debt
€90k▲
2022 · €80k
Debt ≤ 1 year
€90k▲
2022 · €80k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€106k€117k▲
Fixed assets21/28€2k€5k▲
Tangible fixed assets22/27€2k€5k▲
Land and buildings22€869€538▼
Plant, machinery and equipment23€633€3k▲
Furniture and vehicles24-€1k
Current assets29/58€105k€112k▲
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€96k€93k▼
Trade receivables40€94k€93k▼
Other amounts receivable41€1k-
Cash at bank and in hand54/58€5k€15k▲
Equity and liabilities
Total equity and liabilities10/49€106k€117k▲
Equity10/15€26k€27k▲
Contributions10/11€19k€19k=
Reserves13€7k€8k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€6k€6k▲
Amounts payable17/49€80k€90k▲
Amounts payable within one year42/48€80k€90k▲
Trade debts44€4k€14k▲
Suppliers440/4€4k€14k▲
Taxes, remuneration and social security45€38k€18k▼
Taxes450/3€38k€18k▼
Other amounts payable47/48€38k€59k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€963€1k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€5k€6k▲
Operating profit (loss)9901€3k€2k▼
Financial income75/76B€400€0▼
Recurring financial income75€400€0▼
Financial charges65/66B€478€1k▲
Recurring financial charges65€478€1k▲
Profit (loss) for the period before taxes9903€2k€677▼
Profit (loss) for the period9904€2k€677▼
Profit (loss) for the period to be appropriated9905€2k€677▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€677▼
Transfer to equity691/2€2k€677▼
To other reserves6921€2k€677▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 198 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 563 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 928 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
2021
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
2019
31-12
Financial
Highest result since 2018net €7k ▲357%
Operating result €18k, net result €7k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
2015
12-11
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 104 days late
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, Zoutleeuw · 1 establishment unit since 2008
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.
Linterseweg 1083440 ZoutleeuwGround area
1,514 m²
Building footprint
347 m²
Volume, LiDAR
2,413 m³
Parcel 24017E0294/00K000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ITS ART
since 20082.173.106.440
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24017E0294/00K000 | Flanders | 1,514 m² | 1 · 347 m² | 11.7 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.
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Of 248 companies in sector 32200 we hold annual accounts for 47. 36 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-01-2008
Fiscal year end31-12
Activities, NACEBEL
32200Other manufacturing
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
93299Other amusement and recreation activities
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.