Skip to content

WH ARTS 20

Active
Public limited companyfounded 2006active for 20 yearsKunstlaan 20, 1000 Brussel, Belgium39 active companies are registered at this addressKBO/BCE: BE 0882.868.957
Summary

WH ARTS 20 has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.0m and a net result of -€305,750. Equity is shrinking by about 9.2% per year across the filed financial years. Its solvency ranks better than 31% of 5,776 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisFollow ReportCompare
WH ARTS 20ActiveChecked score 80/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110Real estate agency activities NACE 68310
1 site
Size
≈ €2.5mturnover 2025, estimated
Staff
2 FTE
Equity
€5.0m
Loss
-€305,750
Turnover estimated from the gross marginNet result +63%: other schema
Financial health
80 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
Finma SARL
Board
6 members
Auditor: EY Réviseurs d'Entreprises SRL2025 accounts 2 days early8 of 33 deeds summarised
Why 80raises riskLiquidity: current ratio 0.06, cash €655,7521 of the last 3 lateEquity €5.0m (18.0% of total assets)lowers riskSize: 2 FTE, total assets €27.6mShow the evidence

Checked score

Score 2025
80 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 30% of its sector peers (NACE 68, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 43-1
equity 18.0% of total assets
Liquidity 28+1
short-term debt 49.4% · cash 2.4%
Profitability 34+10
return on assets -1.1%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,631 companies, NACE 68, micro)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024lowest value 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▲ +0.2 percentage points vs 07-2025 09-2025: 1.0%▲ +0.2 percentage points vs 08-2025highest value 10-2025: 0.6%▼ -0.4 percentage points vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.7%▲ +0.1 percentage points vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.5%▼ -0.2 percentage points vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €390,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.06, compared with 0.03 in 2024, below 1; short-term debt: 49.4% and cash: 2.4% of total assets), and 82% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 38% on solvency, 22% on liquidity, 29% on profitability and 33% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.06, cash €655,752
NBB · annual accounts
lowers risk · Size: 2 FTE, total assets €27.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
raises risk · Equity €5.0m (18.0% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€305,750
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 days early
2024
35 days late
2023
7 days early
2022
91 days late
2021
19 days early
2020
17 days early
2019
4 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 12 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Resignation: Jef (Jozef) Lembrechts (director)Reappointments: Eddy Vandezande (director) and…

Key points

  • Risk: 8 loss-making years in a rowloss financial year 2025 -€305,750 View
  • Caution: Among the weakest 10% on net resultsector median €20,594 · 5,783 companies -€305,750 View
  • Positive: Result rose in 2025different schema filed ▲ 63.3% View
  • Controlled by Finma SARLknown shareholders 100% parent View

By topic

Financials

Financial year
2025
Total assets
€27.6m
Loss
-€305,750
Solvency
18.0%
Turnover▼ 40.4%
Net result
20182020
Go to Financials

Board & ownership

Board
6 members
Parent
Finma SARL
Known shareholders
100%
Auditor
EY Réviseurs d'Entreprises SRL
  • Benoit MarcinDirector
  • Françoise BelfroidDirector
  • Eddy VandezandeDirector
  • Thomas ScorierDirector
  • Karl NeyrinckDirector

and 1 other director

Go to Board & ownership

Timeline

Events
25
Since
2008
Next accounts
by 31-07-2027
  1. 24-07-2024Annual accounts filed
  2. 03-04-2024Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
  3. 23-02-2024Amendment of the articles
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
14-07-2006
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
16
Who signs
Two directors jointly
Annual meeting
Last Wednesday of June at 11:00
Purpose
“Het oprichten en doen oprichten, het aankopen en verkopen, het huren en verhuren, het in…” (deed in Dutch)
Go to Articles of association

Key facts about WH ARTS 20

What is the company number of WH ARTS 20?
0882.868.957. In Belgium the VAT number is the company number with BE in front: BE 0882.868.957.
Where is WH ARTS 20 based?
The registered office is at Kunstlaan 20, 1000 Brussel.Company details
What does WH ARTS 20 do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of WH ARTS 20?
Public limited company (NV).
When was WH ARTS 20 founded?
On 14-07-2006.
Is WH ARTS 20 still active?
Yes, WH ARTS 20 is an active enterprise in the KBO register.
How many employees does WH ARTS 20 have?
On average 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of WH ARTS 20?
€361,989 in financial year 2020, according to the filed annual accounts.
Is WH ARTS 20 profitable?
In financial year 2025, WH ARTS 20 made a loss of €305,750.
Where can I find the annual accounts of WH ARTS 20?
WH ARTS 20 filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of WH ARTS 20 due?
By 31-07-2027, for financial year 2026.Timeline

Companies related to WH ARTS 20

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure