THE ARTIST
ActiveSummary
THE ARTIST has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.93M and a net result of €1.13M. Equity is growing by ~7.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-12
Solvency95▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity short (current ratio 0.52; short-term debt: 26.2% and cash: 4.6% of total assets), and 30.1% 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+raises risk○neutral
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
69.9%
Return on assets
20.2%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
5 d early
2022
32 d early
2021
18 d early
2020
38 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.13M▼ 79.5%
2024 · €5.53M
2019: €11.52M
2020: €-77k
2021: €-233k
2022: €12.08M
2023: €5.29M
2024: €5.53M
2019 → 2025
Working capital
€-715k
2024 · €756k
2019: €2.33M
2020: €567k
2021: €93k
2022: €752k
2023: €720k
2024: €756k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.47M-€4.05M▲ 16.6%€4.14M▲ 2.2%€4.27M▲ 3.2%€3.93M▼ 8.0%
Operating result€-76k-€-56k▲ 27.1%€-25k▲ 55.8%€-94k▼ 283%€-5k▲ 94.2%
Net result€-233k-€12.08M€5.29M▼ 56.2%€5.53M▲ 4.6%€1.13M▼ 79.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €94k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.62M
Fixed assets
€4.86M ▲ 38.3%
Current assets
€761k ▲ 0.2%
Equity and liabilities €5.62M
Equity
€3.93M ▼ 8.0%
Debt
€1.69M ▲ 39,084%
Debt's share of the balance-sheet total rises from 0.1% to 30.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.52
Debt to equity
0.43▲
2024 · 0.00
ROE
28.8%▼
2024 · 129.5%
ROA
20.2%▼
2024 · 129.4%
Debt ≤ 1 year
€1.48M▲
2024 · €4k
Debt > 1 year
€218k
Income taxes
€-2k▼
2024 · €2k
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 · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.28M€5.62M▲
Fixed assets21/28€3.52M€4.86M▲
Financial fixed assets28€3.52M€4.86M▲
Current assets29/58€760k€761k▲
Amounts receivable within one year40/41€3k€5k▲
Other amounts receivable41€3k€5k▲
Current investments50/53€500k€500k=
Cash at bank and in hand54/58€257k€256k▼
Equity and liabilities
Total equity and liabilities10/49€4.28M€5.62M▲
Equity10/15€4.27M€3.93M▼
Contributions10/11€3.57M€3.57M=
Capital10€3.57M€3.57M=
Issued capital100€3.57M€3.57M=
Reserves13€357k€357k=
Non-distributable reserves130/1€357k€357k=
Legal reserve130€357k€357k=
Profit (loss) carried forward14€343k-
Amounts payable17/49€4k€1.69M▲
Amounts payable after more than one year17-€218k
Financial debts170/4-€218k
Amounts payable within one year42/48€4k€1.48M▲
Trade debts44€4k-
Suppliers440/4€4k-
Other amounts payable47/48-€1.48M
Income statement
Code20242025
Other operating charges640/8€2k€998▼
Gross operating margin9900€-92k€-4k▲
Operating profit (loss)9901€-94k€-5k▲
Financial income75/76B€5.63M€1.15M▼
Recurring financial income75€5.63M€1.15M▼
Financial charges65/66B€898€18k▲
Recurring financial charges65€898€18k▲
Profit (loss) for the period before taxes9903€5.53M€1.13M▼
Income taxes67/77€2k€-2k▼
Profit (loss) for the period9904€5.53M€1.13M▼
Profit (loss) for the period to be appropriated9905€5.53M€1.13M▼
Appropriation of the result
Profit (loss) to be appropriated9906€5.74M€1.48M▼
Profit (loss) brought forward from the previous period14P€212k€343k▲
Profit to be distributed694/7€5.40M€1.48M▼
Return on contributions (dividend)694€5.40M€1.48M▼
The notes to these accounts (4 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
24-09
State Gazette act
Resignation: ZOU2 SRL (director)Permanent representatives: LAMBRIGHS Sophie and LEFEBVRE Pierre-Damien · Appointment: RED CONSULT SRL (director) · Director discharge9 facts ▸
State Gazette act
Resignation: ZOU2 SRL (director)
Permanent representatives: LAMBRIGHS Sophie and LEFEBVRE Pierre-Damien · Appointment: RED CONSULT SRL (director) · Director discharge9 facts ▸
- General meeting, 16-06-2026
- Director resignation, ZOU2 SRL (director)
- Permanent representative, LAMBRIGHS Sophie (permanent representative)
- Director discharge, ZOU2 SRL
- Director appointment, RED CONSULT SRL (director)
- Permanent representative, LEFEBVRE Pierre-Damien (permanent representative)
- Power of attorney, Kathleen Verbiest
- Power of attorney, Berengere Garde
- Power of attorney, Sami Aboulkassimi
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 175.84
Current ratio from 76.17 to 175.84; short-term debt falls from €10k to €4k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €12.08M
Net result €12.08M after 2 loss-making years.
31-12
Financial
Liquidity times 72current ratio 157.14
Current ratio from 2.19 to 157.14; short-term debt falls from €78k to €5k.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-233k
Net result drops to €-233k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 44current ratio 116.33
Current ratio from 2.64 to 116.33; short-term debt falls from €1.42M to €5k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
RED Consult
CurrentDirector · since 24-09-2026 · Private limited company · perm. rep.: LEFEBVRE Pierre-Damien
24-09-2026
RED Consult: Appointed as Director
04-04-2025
ZOU2: Resigned as Director
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2018
Ground area
2,791 m²
Building footprint
1,235 m²
Volume, LiDAR
89,309 m³
Parcel 21822R0227/00V003, Brussels · tallest building 106.8 m, ±30 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 480, 1050 Elsene
since 20182.279.864.937
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0227/00V003 | Brussels | 2,791 m² | 1 · 1,235 m² | 106.8 m · 30 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.
Structure & network
Connections & network
12 connected companiesLinked via shared directors
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Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-07-2018
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.