Active BE 0820.008.997Private limited company (pre-2019)Open bankruptcy

Life-Art

Rozendaal 45 ·2440 Geel, Belgium· 16 yrs active

Sector: Retail trade (47210)

Conclusion Checked

A bankruptcy procedure is open for Life-Art according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-16k) and a net result of €-25k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-16k
Net result	€-25k
Better than sector	5%
Active	16 yrs

Snowflake analysis 5 axes · computed by Checked

38 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 100

Solvency 33

Growth 58

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2023 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-09-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 47 — Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-118.3%	17.0%	better than 5% of 1189 sector peers
Net result	€-25k	€2k	better than 10% of 1187 sector peers
Equity	€-16k	€11k	better than 13% of 1191 sector peers
Gross operating margin	€-17k	€17k	better than 7% of 1177 sector peers
Total assets	€14k	€71k	better than 13% of 1189 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-21k

— 19–23

Net profit

€-25k

— 19–23

Cash flow

€-22k

— 19–23

Total assets

€14k

-76.0% 19–23

Equity

€-16k

— 19–23

Working capital

€-19k

-148.3% 19–23

Debt

€30k

-37.9% 19–23

Debt ≤ 1y

€30k

-37.9% 19–23

Debt > 1y

€557

-79.6% 19–23

Current ratio

0.35

-57.9% 19–23

Quick ratio

0.35

-57.9% 19–23

Solvency

-118.3%

— 19–23

Debt / equity

-1.85

— 19–23

ROE

154.8%

-40.2% 19–23

ROA

-183.2%

— 19–23

Interest coverage

-17.70

— 19–23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Revenue	—
EBITDA	€-21k
Net profit	€-25k
Cash flow	€-22k
Staff costs	—
Income taxes	—
Dividends	—
Total assets	€14k
Equity	€-16k
Debt	€30k
of which ≤ 1y	€30k
of which > 1y	—
Working capital	€-19k
Employees (FTE)	—

Ratios (computed)

	2023
Current ratio	0.35
Quick ratio	0.35
Working capital ratio	-141.3%
Solvency	-118.3%
Debt / equity	-1.85
Long-term debt ratio	—
Interest coverage	-17.70
Gross margin	—
Net margin	—
ROA	-183.2%
ROE	154.8%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2023

Assets

Fixed assets €3k · 23.0% Current assets €11k · 77.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet — Assets
TOTAL ASSETS	20/58	€14k
Fixed assets	21/28	€3k
Tangible fixed assets	22/27	€3k
Current assets	29/58	€11k
Amounts receivable within one year	40/41	€10k
Cash & bank	54/58	€385
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€14k
Equity	10/15	€-16k
Contributions / capital	10/11	€19k
Accumulated profits (losses)	14	€-35k
Amounts payable	17/49	€30k
Amounts payable within one year	42/48	€30k
Trade debts payable within one year	44	€1k
Income statement
Gross operating margin	9900	€-17k
Operating result	9901	€-24k
Financial income	75	€119
Financial charges	65	€1k
Result before taxes	9903	€-25k
Net result for the period	9904	€-25k
Result to be appropriated	9905	€-25k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	EEF STESSENS COLBURNLEI 22, 2400 MOL- eefje@vast- advocaten.be ↔ Also on 70 other cases	04-11-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	Retail trade(47210)
Legal form	Private limited company (pre-2019)(015)
Incorporation	22-10-2009
Status	Active
Postal code	2440
First BS signal	10-11-2025
Latest BS signal	10-11-2025

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

Life-Art

Rozendaal 45, 2440 GeelOndersteunende diensten ivm de sportbeoefening

since 20092.182.563.544

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13008H0209/00T000	Flanders	260 m²	1 · 111 m²	10.4 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

10-11-2025

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · LIFE-ART BV ROZEN- DAAL 45/1, 2440 GEEL · event 04-11-2025

2024

30-09-2024