KITCH & ART
Open bankruptcyA bankruptcy procedure is open for KITCH & ART according to publications in the Belgian State Gazette; curator: YANNICK ALSTEENS. The 2024 annual accounts show negative equity (€-13k) and a net result of €6k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18939 sector peers (2024).
NBB · sector comparisonPosition among 18939 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
140 d late
2020
62 d late
2019
119 d late
2018
42 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€18k▼ 40.8%
2019 · €30k
2018: €14k
2019: €30k
2018 → 2020
EBIT margin
-118.7%▼ 101.1pp
2019 · -17.6%
2018: 7.0%
2019: -17.6%
2018 → 2020
Net result
€6k▼ 75.4%
2023 · €25k
2018: €652
2019: €-5k
2020: €-22k
2023: €25k
2018 → 2024
Working capital
€-14k▲ 51.7%
2023 · €-29k
2018: €-168
2019: €-29k
2020: €-42k
2023: €-29k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020232024Trend
Turnover€14k-€30k▲ 122%€18k▼ 40.8%
Equity€7k-€1k▼ 79.8%€-20k€-19k▲ 5.7%€-13k▲ 31.5%
Operating result€953-€-5k€-21k▼ 299%€26k€12k▼ 52.5%
Net result€652-€-5k€-22k▼ 297%€25k€6k▼ 75.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 53% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €105k
Fixed assets
€10k▼ 22.9%
Current assets
€96k▲ 238%
Key figures and ratios
EBITDA
€17k▼
2023 · €31k
Cash flow
€11k▼
2023 · €29k
Solvency
-12.5%▲
2023 · -47.0%
Current ratio
0.87▲
2023 · 0.49
Quick ratio
0.85▲
2023 · 0.49
Debt / equity
-9.02▼
2023 · -3.13
ROA
5.7%▼
2023 · 60.1%
Interest coverage
4.35▼
2023 · 27.49
Debt
€118k▲
2023 · €60k
Debt ≤ 1 year
€110k▲
2023 · €57k
Income taxes
€2k▲
2023 · €171
Staff costs
€9k
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€41k€105k▲
Fixed assets21/28€12k€10k▼
Tangible fixed assets22/27€12k€10k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€12k€8k▼
Current assets29/58€28k€96k▲
Stocks and contracts in progress3-€2k
Stocks30/36-€2k
Amounts receivable within one year40/41€22k€88k▲
Trade receivables40€22k€66k▲
Other amounts receivable41-€21k
Cash at bank and in hand54/58€6k€5k▼
Deferred charges and accrued income490/1€210€107▼
Equity and liabilities
Total equity and liabilities10/49€41k€105k▲
Equity10/15€-19k€-13k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€65€65=
Non-distributable reserves130/1€65€65=
Legal reserve130€65€65=
Profit (loss) carried forward14€-25k€-19k▲
Amounts payable17/49€60k€118k▲
Amounts payable within one year42/48€57k€110k▲
Trade debts44€19k€67k▲
Suppliers440/4€19k€67k▲
Taxes, remuneration and social security45€16k€42k▲
Taxes450/3€16k€41k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48€22k-
Accrued charges and deferred income492/3€3k€9k▲
Income statement
Code20232024
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62-€9k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€745€5k▲
Gross operating margin9900€31k€31k▼
Operating profit (loss)9901€26k€12k▼
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€25k€8k▼
Income taxes67/77€171€2k▲
Profit (loss) for the period9904€25k€6k▼
Profit (loss) for the period to be appropriated9905€25k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€-19k▲
Profit (loss) brought forward from the previous period14P€-50k€-25k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-11
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · KITCH & ART SPRL RUE DU GEANT 2/8, 1400 NIVELLES · event 13-11-2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 140 days late
2023
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
2021
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 62 days late
2020
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 119 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 42 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Nivelles · 1 establishment unit since 2023
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.
Rue du Géant 21400 NivellesGround area
1,704 m²
Building footprint
266 m²
Volume, LiDAR
4,109 m³
Parcel 25782D0593/00W000, Wallonia · tallest building 19.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Le Guerseli
since 20232.345.583.823
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782D0593/00W000 | Wallonia | 1,704 m² | 1 · 266 m² | 19.3 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YANNICK ALSTEENS OFF.PARK GREEN ALLEY,
RUE DU PANIER VERT 70, 1400 NIVELLES- |
13-11-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteNivelles2.345.583.823
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 2,096 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-09-2018
Fiscal year end31-12
Trade name FR
SPRL
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
73120Media representation
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.