REST'ART
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 29-12-2025 was due by 29-07-2026 and was filed on 17-08-2026, 19 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
19 d late
2024
18 d late
2023
43 d early
2022
18 d late
2021
19 d late
2020
11 d early
2019
47 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 10 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,613▲ 66.2%
2024 · €1,572
Working capital
-€5,615▲ 22.3%
2023 · -€7,224
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€48,364▲ 241%€65,329▲ 35.1%€8,285▼ 87.3%€2,128▼ 74.3%€2,680▲ 25.9%
Net result€48,330▲ 250%€65,018▲ 34.5%€6,070▼ 90.7%€1,572▼ 74.1%€2,613▲ 66.2%
Equity-€78,442▲ 38.1%-€13,424▲ 82.9%-€7,354▲ 45.2%-€5,781▲ 21.4%€832
Total assets€1,118▼ 98.9%€19,810▲ 1,672%€20,090▲ 1.4%€8,246▼ 59.0%€832▼ 89.9%
Debt€79,560▼ 65.0%€33,234▼ 58.2%€27,443▼ 17.4%€14,028▼ 48.9%
Working capital-€78,312▲ 38.2%-€13,294▲ 83.0%-€7,224▲ 45.7%-€5,615▲ 22.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 26% above 2024.
Key figures and ratios
Income taxes
-€3▼
2024 · €589
Ratios withheld: a balance sheet total of €832 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10,553 | - |
| Other operating charges640/8 | €361 | €348 | €1,024 | €387 | €4,014 | ▲ 936% |
| Gross operating margin9900 | €48,725 | €65,677 | €9,309 | €2,515 | €6,694 | ▲ 166% |
| Operating profit (loss)9901 | €48,364 | €65,329 | €8,285 | €2,128 | €2,680 | ▲ 25.9% |
| Financial income75/76B | - | - | €40 | €84 | - | - |
| Recurring financial income75 | - | - | €40 | €84 | - | - |
| Financial charges65/66B | €34 | €56 | €45 | €51 | €70 | ▲ 37.3% |
| Recurring financial charges65 | €34 | €56 | €45 | €51 | €70 | ▲ 37.3% |
| Profit (loss) for the period before taxes9903 | €48,330 | €65,274 | €8,280 | €2,161 | €2,610 | ▲ 20.8% |
| Income taxes67/77 | - | €256 | €2,210 | €589 | -€3 | ▼ 101% |
| Profit (loss) for the period9904 | €48,330 | €65,018 | €6,070 | €1,572 | €2,613 | ▲ 66.2% |
| Profit (loss) for the period to be appropriated9905 | €48,330 | €65,018 | €6,070 | €1,572 | €2,613 | ▲ 66.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,118 | €19,810 | €20,090 | €8,246 | €832 | ▼ 89.9% |
| Current assets29/58 | €1,118 | €19,810 | €20,090 | €8,246 | €832 | ▼ 89.9% |
| Amounts receivable within one year40/41 | - | €18,000 | €8,658 | €4,901 | €211 | ▼ 95.7% |
| Trade receivables40 | - | €18,000 | €6,000 | - | - | - |
| Other amounts receivable41 | - | - | €2,658 | €4,901 | €211 | ▼ 95.7% |
| Cash at bank and in hand54/58 | €1,118 | €1,810 | €11,392 | €3,222 | €621 | ▼ 80.7% |
| Deferred charges and accrued income490/1 | - | - | €40 | €124 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,118 | €19,810 | €20,090 | €8,246 | €832 | ▼ 89.9% |
| Equity10/15 | -€78,442 | -€13,424 | -€7,354 | -€5,781 | €832 | ▲ 114% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €10,200 | ▲ 64.5% |
| Reserves13 | €70 | €70 | €70 | €70 | €70 | = |
| Non-distributable reserves130/1 | €70 | €70 | €70 | €70 | €70 | = |
| Reserves not available under the articles1311 | €70 | €70 | €70 | €70 | €70 | = |
| Profit (loss) carried forward14 | -€84,712 | -€19,694 | -€13,624 | -€12,052 | -€9,438 | ▲ 21.7% |
| Amounts payable17/49 | €79,560 | €33,234 | €27,443 | €14,028 | - | - |
| Amounts payable within one year42/48 | €79,430 | €33,104 | €27,313 | €13,861 | - | - |
| Trade debts44 | €11,513 | €12,611 | €23,614 | €11,783 | - | - |
| Suppliers440/4 | €11,513 | €12,611 | €23,614 | €11,783 | - | - |
| Taxes, remuneration and social security45 | €2,285 | €2,561 | €2,463 | €843 | - | - |
| Taxes450/3 | €2,285 | €2,561 | €2,463 | €843 | - | - |
| Other amounts payable47/48 | €65,633 | €17,933 | €1,236 | €1,236 | - | - |
| Accrued charges and deferred income492/3 | €130 | €130 | €130 | €167 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,330 | €65,018 | €6,070 | €1,572 | €2,613 | ▲ 66.2% |
| Operating cash flow (approximation) | €48,330 | €65,018 | €6,070 | €1,572 | €2,613 | ▲ 66.2% |
| Change in cash | - | €692 | €9,581 | -€8,170 | -€2,601 | ▲ 68.2% |
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
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €1,572 ▼74.1%
Net result drops to €1,572, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 18 days late
2022
31-12
Financial
Highest result since 2018net €65,018 ▲34.5%
Operating result €65,329, net result €65,018, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- WESTERLAAN
- REST'ART
Highest known parent: WESTERLAAN. The sources do not say who stands above it.
Owners 1
- WESTERLAANparentSourceaccounts WESTERLAAN 202499%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.