KWIEZIEN - ART
ActiveSummary
KWIEZIEN - ART has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-49k) and a net result of €-7k. Equity is shrinking by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 6% of 541 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
23
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.45 against 0.39 in 2023; short-term debt: 220% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five 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 2024Solvency, return and age of the figures
Solvency
-125%
Return on assets
-18.9%
Age of the figures
21 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-49k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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
57 d late
2023
41 d early
2022
24 d late
2021
11 d early
2020
51 d late
2019
52 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-49k▼ 17.9%
2023 · €-41k
2018: €18k
2019: €-24k
2020: €-24k
2021: €-23k
2022: €-22k
2023: €-41k
2018 → 2024
Total assets
€39k▼ 42.4%
2023 · €67k
2018: €134k
2019: €47k
2020: €53k
2021: €74k
2022: €109k
2023: €67k
2018 → 2024
Net result
€-7k▲ 60.9%
2023 · €-19k
2018: €-3k
2019: €-41k
2020: €335
2021: €278
2022: €946
2023: €-19k
2018 → 2024
Working capital
€-47k▲ 22.8%
2023 · €-60k
2018: €14k
2019: €-24k
2020: €-25k
2021: €-24k
2022: €-31k
2023: €-60k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-24k-€-23k▲ 1.2%€-22k▲ 4.1%€-41k▼ 84.1%€-49k▼ 17.9%
Operating result€2k-€1k▼ 53.1%€3k▲ 174%€-16k€-19k▼ 18.2%
Net result€335-€278▼ 17.1%€946▲ 240%€-19k€-7k▲ 60.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2024 against €16k in 2023; the loss grows and 2024 has the lowest result in the available series.
Key figures and ratios
EBITDA
€-19k▼
2023 · €-12k
Cash flow
€-7k▲
2023 · €-15k
Solvency
-125.0%▼
2023 · -61.1%
Current ratio
0.45▲
2023 · 0.39
Quick ratio
0.28▲
2023 · 0.22
Debt to equity
-1.80▲
2023 · -2.64
ROA
-18.9%▲
2023 · -27.9%
Interest coverage
-5.98▼
2023 · -4.29
Debt
€87k▼
2023 · €109k
Debt ≤ 1 year
€85k▼
2023 · €100k
Debt > 1 year
€1k▼
2023 · €9k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€67k€39k▼
Fixed assets21/28€28k€0▼
Tangible fixed assets22/27€28k€0▼
Furniture and vehicles24€28k€0▼
Current assets29/58€39k€39k▼
Stocks and contracts in progress3€17k€15k▼
Stocks30/36€17k€15k▼
Contracts in progress37€0-
Amounts receivable within one year40/41€18k€24k▲
Trade receivables40€15k€24k▲
Other amounts receivable41€3k€0▼
Deferred charges and accrued income490/1€5k€0▼
Equity and liabilities
Total equity and liabilities10/49€67k€39k▼
Equity10/15€-41k€-49k▼
Contributions10/11€19k€19k=
Reserves13€46k€46k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€6k€6k=
Distributable reserves133€38k€38k=
Profit (loss) carried forward14€-106k€-113k▼
Amounts payable17/49€109k€87k▼
Amounts payable after more than one year17€9k€1k▼
Financial debts170/4€9k€1k▼
Amounts payable within one year42/48€100k€85k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Financial debts43€24k€25k▲
Credit institutions430/8€24k€25k▲
Trade debts44€31k€3k▼
Suppliers440/4€31k€3k▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€37k€47k▲
Accrued charges and deferred income492/3-€650
Income statement
Code20232024
Non-recurring operating income76A€939€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€0▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€0▼
Other operating charges640/8€1k€767▼
Gross operating margin9900€-1k€-18k▼
Operating profit (loss)9901€-16k€-19k▼
Financial income75/76B€4€15k▲
Recurring financial income75€4€0▼
Non-recurring financial income76B-€15k
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-19k€-7k▲
Profit (loss) for the period9904€-19k€-7k▲
Profit (loss) for the period to be appropriated9905€-19k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-106k€-113k▼
Profit (loss) brought forward from the previous period14P€-87k€-106k▼
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
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Highest result since 2018net €946 ▲240%
Operating result €3k, net result €946, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
31-12
Financial
Back to profitnet €335
Net result €335 after 2 loss-making years.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Destelbergen · 1 establishment unit since 1997
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.
Dendermondesteenweg 1789070 DestelbergenGround area
183 m²
Building footprint
166 m²
Volume, LiDAR
978 m³
2 parcels, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KWIEZIEN-ART
since 19972.083.298.989
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0011/00F013 | Flanders | 92 m² | 1 · 85 m² | 9.5 m · 2 fl. |
| 44013A0090/00K005 | Flanders | 90 m² | 1 · 82 m² | 9.9 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 180 EUR awarded · 180 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 180 EUR |
| 2023 | 1 | 180 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
TAGOLI
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LUXZ
BE 0797.295.161
Waasmunster · Eq €18,649
SCHRIJNWERKERIJ PETER DRUYTS
BE 0861.830.251
Ravels · Eq €16,289
Aluna Technics
BE 0465.749.755
Herentals · Eq €16,233
GEEROLF-DESIGN
BE 0898.055.494
Wingene · Eq €15,999
Of 619 companies in sector 31002 we hold annual accounts for 349. 167 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-05-1997
Fiscal year end31-12
Activities, NACEBEL 2025
31002Manufacture of furniture
43350Other building finishing work
47552Retail sale of lighting equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.