KUNST-PLUS
ActiveFinancials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.
Annual accounts 2023 filed on 11-09-2025 PDF all 27 filings
Equity
-€63,475▼ 908%
2021 · -€6,300
Total assets
€82,676▼ 16.2%
2021 · €98,606
Net result
-€17,259▲ 34.4%
2021 · -€26,327
Working capital
-€126,850▼ 35.9%
2021 · -€93,342
Multi-year overview
2018 to 2023, 5 financial yearsOperating result
-€18,131
2023
20182023
Net result
-€17,259
2023
20182023
Equity
-€63,475
2023
20182023
Total assets
€82,676
2023
20182023
Debt
€146,151
2023
20182023
Working capital
-€126,850
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212023
Operating result-€34,994--€21,230▲ 39.3%-€17,136▲ 19.3%-€25,526▼ 49.0%-€18,131-
Net result-€34,668--€20,304▲ 41.4%-€16,812▲ 17.2%-€26,327▼ 56.6%-€17,259-
Equity€57,145-€36,840▼ 35.5%€20,028▼ 45.6%-€6,300-€63,475-
Total assets€140,341-€136,314▼ 2.9%€114,980▼ 15.7%€98,606▼ 14.2%€82,676-
Debt€83,197-€99,474▲ 19.6%€94,952▼ 4.5%€104,905▲ 10.5%€146,151-
Working capital-€65,222--€73,752▼ 13.1%-€78,790▼ 6.8%-€93,342▼ 18.5%-€126,850-
The operating result for 2023 is a loss of €18,131, against a loss of €25,526 in 2021. Comparable figures for the intervening years are unavailable.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €82,676
Fixed assets
€63,375 ▼ 27.2%
Current assets
€19,301 ▲ 66.9%
Equity and liabilities
Equity-€63,475
Debt€146,151
Equity is negative. Debt (€146,151) exceeds the balance-sheet total (€82,676).
Key figures and ratios
EBITDA
-€6,297▲
2021 · -€13,751
Cash flow
-€5,425▲
2021 · -€14,553
Solvency
-76.8%▼
2021 · -6.4%
Current ratio
0.13▲
2021 · 0.11
ROA
-20.9%▲
2021 · -26.7%
Interest coverage
-61.48▲
2021 · -177.87
Debt ≤ 1 year
€146,151▲
2021 · €104,905
Income taxes
€0▼
2021 · €1,286
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,775 | €11,775 | €11,775 | €11,775 | €11,834 | - |
| Other operating charges640/8 | - | - | €4,750 | €10,663 | €384 | - |
| Gross operating margin9900 | -€20,954 | -€8,983 | -€611 | -€3,088 | -€5,913 | - |
| Operating profit (loss)9901 | -€34,994 | -€21,230 | -€17,136 | -€25,526 | -€18,131 | - |
| Financial income75/76B | - | - | €1,073 | €561 | €974 | - |
| Recurring financial income75 | €434 | €1,025 | €1,073 | €561 | €974 | - |
| Financial charges65/66B | - | - | €155 | €77 | €102 | - |
| Recurring financial charges65 | €109 | €100 | €155 | €77 | €102 | - |
| Profit (loss) for the period before taxes9903 | -€34,668 | -€20,304 | -€16,218 | -€25,041 | -€17,259 | - |
| Income taxes67/77 | - | - | €594 | €1,286 | €0 | - |
| Profit (loss) for the period9904 | -€34,668 | -€20,304 | -€16,812 | -€26,327 | -€17,259 | - |
| Profit (loss) for the period to be appropriated9905 | -€34,668 | -€20,304 | -€16,812 | -€26,327 | -€17,259 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140,341 | €136,314 | €114,980 | €98,606 | €82,676 | - |
| Fixed assets21/28 | €122,367 | €110,592 | €98,817 | €87,043 | €63,375 | - |
| Tangible fixed assets22/27 | €122,367 | €110,592 | €98,817 | €87,043 | €63,375 | - |
| Land and buildings22 | - | - | €68,546 | €61,817 | €48,239 | - |
| Plant, machinery and equipment23 | - | - | €30,271 | €25,226 | €15,136 | - |
| Current assets29/58 | €17,975 | €25,722 | €16,163 | €11,563 | €19,301 | - |
| Amounts receivable within one year40/41 | €17,219 | €25,629 | €15,923 | €11,551 | €18,314 | - |
| Other amounts receivable41 | - | - | €15,923 | €11,551 | €18,314 | - |
| Cash at bank and in hand54/58 | €755 | €93 | €240 | €12 | €13 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €974 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140,341 | €136,314 | €114,980 | €98,606 | €82,676 | - |
| Equity10/15 | €57,145 | €36,840 | €20,028 | -€6,300 | -€63,475 | - |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | - |
| Capital10 | - | - | €61,973 | €61,973 | €61,973 | - |
| Issued capital100 | - | - | €61,973 | €61,973 | €61,973 | - |
| Reserves13 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | - |
| Non-distributable reserves130/1 | - | - | €6,197 | €6,197 | €6,197 | - |
| Legal reserve130 | - | - | €6,197 | €6,197 | €6,197 | - |
| Profit (loss) carried forward14 | -€11,026 | -€31,331 | -€48,143 | -€74,470 | -€131,645 | - |
| Amounts payable17/49 | €83,197 | €99,474 | €94,952 | €104,905 | €146,151 | - |
| Amounts payable within one year42/48 | €83,197 | €99,474 | €94,952 | €104,905 | €146,151 | - |
| Trade debts44 | - | €303 | - | - | €8,137 | - |
| Suppliers440/4 | - | - | - | - | €8,137 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €10,104 | - |
| Taxes450/3 | - | - | - | - | €10,104 | - |
| Other amounts payable47/48 | - | - | €94,952 | €104,905 | €127,910 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,668 | -€20,304 | -€16,812 | -€26,327 | -€17,259 | - |
| + Depreciation and write-downs630 | €11,775 | €11,775 | €11,775 | €11,775 | €11,834 | - |
| Operating cash flow (approximation) | -€22,893 | -€8,530 | -€5,038 | -€14,553 | -€5,425 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€662 | €147 | -€228 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 11-09-2025 | 2025-00489177 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20444139 | |
| 31-12-2020 | micro format | 11-04-2022 | 2022-20002306 | |
| 31-12-2019 | micro format | 11-03-2022 | 2022-07600592 | |
| 31-12-2018 | micro format | 11-03-2022 | 2022-07600395 | |
| 31-12-2017 | abbreviated format | 07-05-2019 | 2019-12500362 | |
| 31-12-2016 | abbreviated format | 29-08-2018 | 2018-53700425 | |
| 31-12-2015 | abbreviated format | 24-10-2016 | 2016-66100363 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-50200400 | |
| 31-12-2013 | full format | 15-09-2014 | 2014-58400258 |