NDC Art
ActiveSummary
NDC Art has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €215k and a net result of €27k. Equity is growing by ~37.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-15
Solvency79▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.13 against 1.95 in 2023; short-term debt: 45.3% and cash: 82.7% of total assets), and 45.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
5 d early
2022
on the day
2021
18 d early
2020
4 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€215k▲ 14.5%
2023 · €187k
2018: €22klowest in 7 years
2019: €22k▲ +0.9% vs 2018
2020: €52k▲ +130% vs 2019
2021: €101k▲ +95.4% vs 2020
2022: €135k▲ +33.6% vs 2021
2023: €187k▲ +39.1% vs 2022
2024: €215k▲ +14.5% vs 2023highest in 7 years
2018 → 2024
Total assets
€396k▲ 6.8%
2023 · €371k
2018: €85klowest in 7 years
2019: €155k▲ +81.7% vs 2018
2020: €217k▲ +40.3% vs 2019
2021: €300k▲ +38.4% vs 2020
2022: €323k▲ +7.4% vs 2021
2023: €371k▲ +15.0% vs 2022
2024: €396k▲ +6.8% vs 2023highest in 7 years
2018 → 2024
Net result
€27k▼ 59.7%
2023 · €68k
2018: €2k
2019: €200▼ -86.9% vs 2018lowest in 7 years
2020: €29k▲ +14476% vs 2019
2021: €69k▲ +137% vs 2020highest in 7 years
2022: €54k▼ -22.1% vs 2021
2023: €68k▲ +25.5% vs 2022
2024: €27k▼ -59.7% vs 2023
2018 → 2024
Working capital
€203k▲ 16.8%
2023 · €173k
2018: €29
2019: €-24k▼ -81514% vs 2018lowest in 7 years
2020: €6k▲ +124% vs 2019
2021: €46k▲ +710% vs 2020
2022: €50k▲ +9.1% vs 2021
2023: €173k▲ +247% vs 2022
2024: €203k▲ +16.8% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€52k-€101k▲ 95.4%€135k▲ 33.6%€187k▲ 39.1%€215k▲ 14.5%
2020: €52klowest in 5 years
2021: €101k▲ +95.4% vs 2020
2022: €135k▲ +33.6% vs 2021
2023: €187k▲ +39.1% vs 2022
2024: €215k▲ +14.5% vs 2023highest in 5 years
Operating result€44k-€92k▲ 111%€68k▼ 26.3%€91k▲ 33.8%€36k▼ 60.0%
2020: €44k
2021: €92k▲ +111% vs 2020highest in 5 years
2022: €68k▼ -26.3% vs 2021
2023: €91k▲ +33.8% vs 2022
2024: €36k▼ -60.0% vs 2023lowest in 5 years
Net result€29k-€69k▲ 137%€54k▼ 22.1%€68k▲ 25.5%€27k▼ 59.7%
2020: €29k
2021: €69k▲ +137% vs 2020highest in 5 years
2022: €54k▼ -22.1% vs 2021
2023: €68k▲ +25.5% vs 2022
2024: €27k▼ -59.7% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 60% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €396k
Fixed assets
€14k ▼ 11.9%
Current assets
€382k ▲ 7.6%
Equity and liabilities €396k
Equity
€215k ▲ 14.5%
Debt
€182k ▼ 1.2%
Debt's share of the balance-sheet total falls from 49.5% to 45.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▼
2023 · €93k
Cash flow
€29k▼
2023 · €70k
Current ratio
2.13▲
2023 · 1.95
Quick ratio
1.96▲
2023 · 1.79
Debt to equity
0.85▼
2023 · 0.98
ROE
12.7%▼
2023 · 36.1%
ROA
6.9%▼
2023 · 18.2%
Interest coverage
347.04▲
2023 · 91.34
Debt ≤ 1 year
€180k▼
2023 · €182k
Income taxes
€13k▼
2023 · €25k
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 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€371k€396k▲
Fixed assets21/28€16k€14k▼
Tangible fixed assets22/27€16k€14k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€16k€14k▼
Financial fixed assets28€0-
Current assets29/58€355k€382k▲
Stocks and contracts in progress3€31k€31k=
Stocks30/36€31k€31k=
Amounts receivable within one year40/41€22k€23k▲
Other amounts receivable41€22k€23k▲
Cash at bank and in hand54/58€302k€328k▲
Deferred charges and accrued income490/1-€236
Equity and liabilities
Total equity and liabilities10/49€371k€396k▲
Equity10/15€187k€215k▲
Contributions10/11€19k€19k=
Reserves13€167k€194k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€165k€192k▲
Profit (loss) carried forward14€2k€2k=
Amounts payable17/49€184k€182k▼
Amounts payable within one year42/48€182k€180k▼
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Other amounts payable47/48€171k€174k▲
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20232024
Non-recurring operating income76A€1k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€563€577▲
Gross operating margin9900€93k€39k▼
Operating profit (loss)9901€91k€36k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€1k€110▼
Recurring financial charges65€1k€110▼
Profit (loss) for the period before taxes9903€92k€40k▼
Income taxes67/77€25k€13k▼
Profit (loss) for the period9904€68k€27k▼
Profit (loss) for the period to be appropriated9905€68k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€70k€29k▼
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer to equity691/2€53k€27k▼
To other reserves6921€53k€27k▼
Profit to be distributed694/7€15k€0▼
Directors or managers695€15k€0▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2k | €2k | €2k | = |
| Other operating charges640/8 | - | €513 | €517 | €563 | €577 | ▲ 2.5% |
| Gross operating margin9900 | €44k | €93k | €70k | €93k | €39k | ▼ 58.4% |
| Operating profit (loss)9901 | €44k | €92k | €68k | €91k | €36k | ▼ 60.0% |
| Financial income75/76B | - | €430 | €310 | €2k | €4k | ▲ 55.2% |
| Recurring financial income75 | €0 | €430 | €310 | €2k | €4k | ▲ 55.2% |
| Financial charges65/66B | - | €170 | €99 | €1k | €110 | ▼ 89.1% |
| Recurring financial charges65 | €437 | €170 | €99 | €1k | €110 | ▼ 89.1% |
| Profit (loss) for the period before taxes9903 | €43k | €93k | €68k | €92k | €40k | ▼ 56.6% |
| Income taxes67/77 | €14k | €23k | €14k | €25k | €13k | ▼ 47.9% |
| Profit (loss) for the period9904 | €29k | €69k | €54k | €68k | €27k | ▼ 59.7% |
| Profit (loss) for the period to be appropriated9905 | €29k | €69k | €54k | €68k | €27k | ▼ 59.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €217k | €300k | €323k | €371k | €396k | ▲ 6.8% |
| Fixed assets21/28 | €46k | €55k | €85k | €16k | €14k | ▼ 11.9% |
| Tangible fixed assets22/27 | - | - | €29k | €16k | €14k | ▼ 11.9% |
| Plant, machinery and equipment23 | - | - | €12k | €0 | - | - |
| Furniture and vehicles24 | - | - | €18k | €16k | €14k | ▼ 11.9% |
| Financial fixed assets28 | €46k | €55k | €55k | €0 | - | - |
| Current assets29/58 | €171k | €245k | €238k | €355k | €382k | ▲ 7.6% |
| Stocks and contracts in progress3 | €30k | €34k | €30k | €31k | €31k | = |
| Stocks30/36 | - | €34k | €30k | €31k | €31k | = |
| Amounts receivable within one year40/41 | €0 | €85k | €12k | €22k | €23k | ▲ 5.7% |
| Trade receivables40 | - | €40k | €0 | - | - | - |
| Other amounts receivable41 | - | €45k | €12k | €22k | €23k | ▲ 5.7% |
| Cash at bank and in hand54/58 | €141k | €126k | €196k | €302k | €328k | ▲ 8.4% |
| Deferred charges and accrued income490/1 | - | €219 | €0 | - | €236 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €217k | €300k | €323k | €371k | €396k | ▲ 6.8% |
| Equity10/15 | €52k | €101k | €135k | €187k | €215k | ▲ 14.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €31k | €80k | €114k | €167k | €194k | ▲ 16.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €79k | €113k | €165k | €192k | ▲ 16.5% |
| Profit (loss) carried forward14 | €2k | €2k | €2k | €2k | €2k | = |
| Amounts payable17/49 | €165k | €200k | €188k | €184k | €182k | ▼ 1.2% |
| Amounts payable within one year42/48 | €165k | €199k | €188k | €182k | €180k | ▼ 1.2% |
| Trade debts44 | €2k | €4k | €1k | €7k | €4k | ▼ 42.1% |
| Suppliers440/4 | - | €4k | €1k | €7k | €4k | ▼ 42.1% |
| Taxes, remuneration and social security45 | - | €33k | €12k | €4k | €2k | ▼ 50.0% |
| Taxes450/3 | - | €28k | €12k | €4k | €2k | ▼ 50.0% |
| Remuneration and social security454/9 | - | €5k | €0 | - | - | - |
| Other amounts payable47/48 | - | €162k | €174k | €171k | €174k | ▲ 1.5% |
| Accrued charges and deferred income492/3 | - | €348 | €11 | €2k | €2k | ▼ 0.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €69k | €54k | €68k | €27k | ▼ 59.7% |
| + Depreciation and write-downs630 | - | - | €2k | €2k | €2k | = |
| Operating cash flow (approximation) | €29k | €69k | €56k | €70k | €29k | ▼ 58.1% |
| Investment in fixed assets (approximation) | - | €-9k | €-31k | €67k | €0 | ▼ 100% |
| Change in cash | - | €-15k | €70k | €106k | €26k | ▼ 76.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €215k ▲14.5%
7 profitable years in a row build equity to €215k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €187k ▲39.1%
6 profitable years in a row build equity to €187k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €69k ▲137%
Operating result €92k, net result €69k, both a record.
31-12
Financial
Equity above €100kEq €101k ▲95.4%
4 profitable years in a row build equity to €101k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €200 ▼86.9%
Net result drops to €200, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Knokke-Heist · 1 establishment unit since 2017
Ground area
5,556 m²
Building footprint
453 m²
Volume, LiDAR
3,957 m³
Parcel 31332F0624/00A000, Flanders · tallest building 15.4 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
NDC Art
since 20172.265.941.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0624/00A000 | Flanders | 5,556 m² | 1 · 453 m² | 15.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 1,288 companies in sector 47690 we hold annual accounts for 425. 303 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded07-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
47791Retail sale of antiques
79110Travel agency activities
85520Cultural education
Scores and ratios are computed by Checked and are not a credit decision.