L.E. ART
ActiveL.E. ART has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €41k. Equity is shrinking by ~31.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 1978 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+66
Solvency48▲+9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 4.21 against 1.37 in 2024; short-term debt: 6.8% and cash: 3.1% of total assets), but 77.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.8%
Return on assets
8.6%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
31 d late
2023
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€108k▲ 60.2%
2024 · €67k
2023: €175k
2024: €67k
2023 → 2025
Total assets
€473k▲ 0.9%
2024 · €469k
2023: €228k
2024: €469k
2023 → 2025
Net result
€41k
2024 · €-108k
2023: €45k
2024: €-108k
2023 → 2025
Working capital
€103k▲ 402%
2024 · €20k
2023: €95k
2024: €20k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€175k-€67k▼ 61.6%€108k▲ 60.2%
Operating result€69k-€-97k€52k
Net result€45k-€-108k€41k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €52k after a loss of €97k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €473k
Fixed assets
€338k▼ 14.0%
Current assets
€135k▲ 78.0%
Equity and liabilities €473k
Equity
€108k▲ 60.2%
Debt
€365k▼ 9.0%
The debt ratio falls from 85.6% to 77.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63k▲
2024 · €-83k
Cash flow
€52k▲
2024 · €-94k
Solvency
22.8%▲
2024 · 14.4%
Current ratio
4.21▲
2024 · 1.37
Quick ratio
4.21▲
2024 · 1.37
Debt / equity
3.39▼
2024 · 5.96
ROE
37.6%▲
2024 · -160.4%
ROA
8.6%▲
2024 · -23.0%
Interest coverage
4.36▲
2024 · -6.89
Debt
€365k▼
2024 · €402k
Debt ≤ 1 year
€32k▼
2024 · €55k
Debt > 1 year
€333k▼
2024 · €346k
Income taxes
€390▲
2024 · €-326
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€469k€473k▲
Fixed assets21/28€393k€338k▼
Tangible fixed assets22/27€349k€338k▼
Land and buildings22€333k€325k▼
Furniture and vehicles24€5k€2k▼
Other tangible fixed assets26€11k€11k▼
Financial fixed assets28€44k€790▼
Current assets29/58€76k€135k▲
Amounts receivable within one year40/41€59k€115k▲
Trade receivables40-€78k
Other amounts receivable41€59k€36k▼
Current investments50/53€13k€4k▼
Cash at bank and in hand54/58€1k€15k▲
Deferred charges and accrued income490/1€2k€988▼
Equity and liabilities
Total equity and liabilities10/49€469k€473k▲
Equity10/15€67k€108k▲
Contributions10/11€100€100=
Reserves13€173k€173k=
Non-distributable reserves130/1€10€10=
Reserves not available under the articles1311€10€10=
Distributable reserves133€173k€173k=
Profit (loss) carried forward14€-106k€-65k▲
Amounts payable17/49€402k€365k▼
Amounts payable after more than one year17€346k€333k▼
Financial debts170/4€346k€333k▼
Amounts payable within one year42/48€55k€32k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Financial debts43€45€51▲
Credit institutions430/8€45€51▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€5k€15k▲
Taxes450/3€5k€15k▲
Other amounts payable47/48€35k€2k▼
Accrued charges and deferred income492/3-€7
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€11k▼
Other operating charges640/8€70k€3k▼
Gross operating margin9900€-13k€66k▲
Operating profit (loss)9901€-97k€52k▲
Financial income75/76B€419€3k▲
Recurring financial income75€419€3k▲
Financial charges65/66B€12k€14k▲
Recurring financial charges65€12k€14k▲
Profit (loss) for the period before taxes9903€-108k€41k▲
Income taxes67/77€-326€390▲
Profit (loss) for the period9904€-108k€41k▲
Profit (loss) for the period to be appropriated9905€-108k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-106k€-65k▲
Profit (loss) brought forward from the previous period14P€2k€-106k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 4.21
Current ratio from 1.37 to 4.21; short-term debt falls from €55k to €32k.
31-12
Financial
Equity above €100kEq €108k ▲60.2%
Equity rises from €67k to €108k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-108k ▼340%
Net result drops to €-108k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial 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, Antwerpen · 1 establishment unit since 2012
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.
Boekenberglei 1902100 AntwerpenGround area
161 m²
Building footprint
104 m²
Volume, LiDAR
875 m³
Parcel 11346B0965/00L000, Flanders · tallest building 11.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Boekenberglei 190, 2100 Antwerpen
since 20122.211.372.346
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0965/00L000 | Flanders | 161 m² | 1 · 104 m² | 11.4 m · 4 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 6,655 companies in sector 90111 we hold annual accounts for 383. 288 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-2012
Fiscal year end31-12
Activities, NACEBEL
90031Arts creation and performing arts activities
90111Literary creation
90032Arts creation and performing arts activities
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.