VISUAL ART FAIR USE
ActiveThe annual accounts of VISUAL ART FAIR USE for fiscal year 2025 show a net loss of 89% of total assets and of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €12k and a net result of €-13k. Equity is shrinking by ~21.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 90% of 173 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-44
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 7.27 against 4.97 in 2024; short-term debt: 13% and cash: 25.3% of total assets), and 13% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87%
Return on assets
-89.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
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 31-08-2026, 31 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
31 d late
2024
9 d early
2023
16 d late
2022
1 d early
2021
6 d early
2020
30 d late
2019
124 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-13k
2024 · €22
2018: €14k
2019: €1k
2020: €-18k
2021: €-15k
2022: €9k
2023: €-9k
2024: €22
2018 → 2025
Working capital
€11k▼ 51.8%
2024 · €24k
2018: €47k
2019: €53k
2020: €39k
2021: €24k
2022: €32k
2023: €23k
2024: €24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€34k▲ 36.2%€25k▼ 27.8%€25k▲ 0.1%€12k▼ 50.7%
Operating result€-15k-€9k€-9k€120€-13k
Net result€-15k-€9k€-9k€22€-13k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €120 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14k
Fixed assets
€800▼ 26.4%
Current assets
€13k▼ 55.3%
Equity and liabilities €14k
Equity
€12k▼ 50.7%
Debt
€2k▼ 69.4%
The debt ratio falls from 19.4% to 13.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-12k▼
2024 · €408
Cash flow
€-12k▼
2024 · €310
Solvency
87.0%▲
2024 · 80.6%
Current ratio
7.27▲
2024 · 4.97
Quick ratio
7.27▲
2024 · 4.97
Debt / equity
0.15▼
2024 · 0.24
ROE
-102.6%▼
2024 · 0.1%
ROA
-89.3%▼
2024 · 0.1%
Interest coverage
-89.83▼
2024 · 3.07
Debt
€2k▼
2024 · €6k
Debt ≤ 1 year
€2k▼
2024 · €6k
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€31k€14k▼
Fixed assets21/28€1k€800▼
Tangible fixed assets22/27€288-
Furniture and vehicles24€288-
Financial fixed assets28€800€800=
Current assets29/58€30k€13k▼
Amounts receivable within one year40/41€22k€10k▼
Trade receivables40€20k€4k▼
Other amounts receivable41€2k€6k▲
Cash at bank and in hand54/58€8k€4k▼
Equity and liabilities
Total equity and liabilities10/49€31k€14k▼
Equity10/15€25k€12k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€6k€-6k▼
Amounts payable17/49€6k€2k▼
Amounts payable within one year42/48€6k€2k▼
Trade debts44€2k€330▼
Suppliers440/4€2k€330▼
Taxes, remuneration and social security45€4k€1k▼
Taxes450/3€4k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€288€288=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€536€598▲
Gross operating margin9900€3k€-12k▼
Operating profit (loss)9901€120€-13k▼
Financial income75/76B€35€183▲
Recurring financial income75€35€183▲
Financial charges65/66B€133€137▲
Recurring financial charges65€133€137▲
Profit (loss) for the period before taxes9903€22€-13k▼
Profit (loss) for the period9904€22€-13k▼
Profit (loss) for the period to be appropriated9905€22€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-6k▼
Profit (loss) brought forward from the previous period14P€6k€6k▲
The notes to these accounts (5 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €22
Net result €22 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-18k ▼1505%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 124 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Nivelles · 1 establishment unit since 2014
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.
Avenue Albert-et-Elisabeth 321400 NivellesGround area
210 m²
Building footprint
24 m²
Volume, LiDAR
233 m³
Parcel 25072B0228/00F003, Wallonia · tallest building 12.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Albert-et-Elisabeth 32, 1400 Nivelles
since 20142.237.924.414
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25072B0228/00F003 | Wallonia | 210 m² | 1 · 23 m² | 12.1 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 393 companies in sector 38110 we hold annual accounts for 202. 53 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2014
Fiscal year end31-12
Activities, NACEBEL
38110Waste collection, recovery and disposal activities
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.