bART
ActiveSummary
bART has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €142k and a net result of €26k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+58
Solvency93▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.1 against 4.87 in 2024; short-term debt: 31.7% and cash: 4.1% of total assets), and 31.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
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
68.3%
Return on assets
12.3%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
29 d late
2023
30 d late
2022
31 d late
2021
26 d late
2020
26 d late
2019
11 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€142k▼ 4.1%
2024 · €149k
2018: €67klowest in 8 years
2019: €84k▲ +25.8% vs 2018
2020: €98k▲ +17.5% vs 2019
2021: €143k▲ +45.7% vs 2020
2022: €179k▲ +25.0% vs 2021highest in 8 years
2023: €146k▼ -18.7% vs 2022
2024: €149k▲ +2.0% vs 2023
2025: €142k▼ -4.1% vs 2024
2018 → 2025
Total assets
€209k▲ 12.1%
2024 · €186k
2018: €93klowest in 8 years
2019: €94k▲ +1.0% vs 2018
2020: €104k▲ +10.3% vs 2019
2021: €183k▲ +76.8% vs 2020
2022: €243k▲ +32.6% vs 2021
2023: €254k▲ +4.6% vs 2022highest in 8 years
2024: €186k▼ -26.7% vs 2023
2025: €209k▲ +12.1% vs 2024
2018 → 2025
Net result
€26k▲ 780%
2024 · €3k
2018: €47lowest in 8 years
2019: €17k▲ +36085% vs 2018
2020: €15k▼ -14.5% vs 2019
2021: €45k▲ +206% vs 2020highest in 8 years
2022: €36k▼ -20.4% vs 2021
2023: €19k▼ -47.4% vs 2022
2024: €3k▼ -84.5% vs 2023
2025: €26k▲ +780% vs 2024
2018 → 2025
Working capital
€139k▼ 4.4%
2024 · €146k
2018: €65klowest in 8 years
2019: €79k▲ +20.7% vs 2018
2020: €92k▲ +17.4% vs 2019
2021: €139k▲ +50.6% vs 2020
2022: €175k▲ +25.9% vs 2021highest in 8 years
2023: €142k▼ -18.7% vs 2022
2024: €146k▲ +2.5% vs 2023
2025: €139k▼ -4.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€143k-€179k▲ 25.0%€146k▼ 18.7%€149k▲ 2.0%€142k▼ 4.1%
2021: €143k
2022: €179k▲ +25.0% vs 2021highest in 5 years
2023: €146k▼ -18.7% vs 2022
2024: €149k▲ +2.0% vs 2023
2025: €142k▼ -4.1% vs 2024lowest in 5 years
Operating result€65k-€56k▼ 14.3%€25k▼ 54.5%€2k▼ 90.7%€34k▲ 1,358%
2021: €65khighest in 5 years
2022: €56k▼ -14.3% vs 2021
2023: €25k▼ -54.5% vs 2022
2024: €2k▼ -90.7% vs 2023lowest in 5 years
2025: €34k▲ +1358% vs 2024
Net result€45k-€36k▼ 20.4%€19k▼ 47.4%€3k▼ 84.5%€26k▲ 780%
2021: €45khighest in 5 years
2022: €36k▼ -20.4% vs 2021
2023: €19k▼ -47.4% vs 2022
2024: €3k▼ -84.5% vs 2023lowest in 5 years
2025: €26k▲ +780% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,358% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €209k
Fixed assets
€3k ▲ 10.7%
Current assets
€205k ▲ 12.1%
Equity and liabilities €209k
Equity
€142k ▼ 4.1%
Debt
€66k ▲ 76.0%
Debt's share of the balance-sheet total rises from 20.2% to 31.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€35k▲
2024 · €3k
Cash flow
€27k▲
2024 · €4k
Current ratio
3.10▼
2024 · 4.87
Debt to equity
0.46▲
2024 · 0.25
ROE
18.1%▲
2024 · 2.0%
ROA
12.3%▲
2024 · 1.6%
Interest coverage
7.04▲
2024 · 0.59
Debt ≤ 1 year
€66k▲
2024 · €38k
Income taxes
€12k▲
2024 · €292
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€186k€209k▲
Fixed assets21/28€3k€3k▲
Tangible fixed assets22/27€3k€3k▲
Furniture and vehicles24€3k€3k▲
Current assets29/58€183k€205k▲
Amounts receivable within one year40/41€169k€197k▲
Trade receivables40€86k€5k▼
Other amounts receivable41€83k€192k▲
Cash at bank and in hand54/58€14k€8k▼
Deferred charges and accrued income490/1€903€264▼
Equity and liabilities
Total equity and liabilities10/49€186k€209k▲
Equity10/15€149k€142k▼
Contributions10/11€12k€12k=
Reserves13€136k€130k▼
Distributable reserves133€136k€130k▼
Profit (loss) carried forward14€0€234▲
Amounts payable17/49€38k€66k▲
Amounts payable within one year42/48€38k€66k▲
Financial debts43€17€0▼
Credit institutions430/8-€0
Other loans439€17-
Trade debts44€12k€10k▼
Suppliers440/4€12k€10k▼
Taxes, remuneration and social security45€25k€25k▲
Taxes450/3€25k€25k▲
Other amounts payable47/48€0€31k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€838€1k▲
Other operating charges640/8€841€3k▲
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€5k€38k▲
Operating profit (loss)9901€2k€34k▲
Financial income75/76B€6k€8k▲
Recurring financial income75€6k€8k▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€3k€37k▲
Income taxes67/77€292€12k▲
Profit (loss) for the period9904€3k€26k▲
Profit (loss) for the period to be appropriated9905€3k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€26k▲
Transfer from equity791/2€0€32k▲
Transfer to equity691/2€3k€26k▲
To other reserves6921€3k€26k▲
Profit to be distributed694/7€0€32k▲
Return on contributions (dividend)694€0€32k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €838 | €1k | ▲ 49.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €8k | €0 | - | - | - | - |
| Other operating charges640/8 | €2k | €2k | €6k | €841 | €3k | ▲ 244% |
| Non-recurring operating charges66A | - | - | - | €1k | €0 | ▼ 100% |
| Gross operating margin9900 | €77k | €60k | €33k | €5k | €38k | ▲ 657% |
| Operating profit (loss)9901 | €65k | €56k | €25k | €2k | €34k | ▲ 1,358% |
| Financial income75/76B | €5k | €6k | €5k | €6k | €8k | ▲ 30.9% |
| Recurring financial income75 | €5k | €6k | €5k | €6k | €8k | ▲ 30.9% |
| Financial charges65/66B | €2k | €2k | €1k | €5k | €5k | ▼ 7.1% |
| Recurring financial charges65 | €2k | €2k | €1k | €5k | €5k | ▼ 7.1% |
| Profit (loss) for the period before taxes9903 | €68k | €60k | €30k | €3k | €37k | ▲ 1,063% |
| Income taxes67/77 | €23k | €24k | €11k | €292 | €12k | ▲ 3,888% |
| Profit (loss) for the period9904 | €45k | €36k | €19k | €3k | €26k | ▲ 780% |
| Profit (loss) for the period to be appropriated9905 | €45k | €36k | €19k | €3k | €26k | ▲ 780% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183k | €243k | €254k | €186k | €209k | ▲ 12.1% |
| Fixed assets21/28 | €4k | €4k | €4k | €3k | €3k | ▲ 10.7% |
| Tangible fixed assets22/27 | €4k | €4k | €4k | €3k | €3k | ▲ 10.7% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €4k | €4k | €4k | €3k | €3k | ▲ 10.7% |
| Current assets29/58 | €179k | €239k | €250k | €183k | €205k | ▲ 12.1% |
| Amounts receivable within one year40/41 | €86k | €110k | €156k | €169k | €197k | ▲ 16.5% |
| Trade receivables40 | €6k | €17k | €46k | €86k | €5k | ▼ 94.2% |
| Other amounts receivable41 | €80k | €93k | €110k | €83k | €192k | ▲ 132% |
| Cash at bank and in hand54/58 | €92k | €128k | €40k | €14k | €8k | ▼ 37.1% |
| Deferred charges and accrued income490/1 | €766 | €716 | €55k | €903 | €264 | ▼ 70.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183k | €243k | €254k | €186k | €209k | ▲ 12.1% |
| Equity10/15 | €143k | €179k | €146k | €149k | €142k | ▼ 4.1% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €131k | €167k | €133k | €136k | €130k | ▼ 4.7% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €129k | €165k | €133k | €136k | €130k | ▼ 4.7% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €234 | - |
| Amounts payable17/49 | €40k | €64k | €108k | €38k | €66k | ▲ 76.0% |
| Amounts payable within one year42/48 | €40k | €64k | €108k | €38k | €66k | ▲ 76.0% |
| Financial debts43 | €732 | €523 | €132 | €17 | €0 | ▼ 100% |
| Credit institutions430/8 | €732 | - | - | - | €0 | - |
| Other loans439 | - | €523 | €132 | €17 | - | - |
| Trade debts44 | €6k | €10k | €13k | €12k | €10k | ▼ 16.6% |
| Suppliers440/4 | €6k | €10k | €13k | €12k | €10k | ▼ 16.6% |
| Taxes, remuneration and social security45 | €33k | €54k | €46k | €25k | €25k | ▲ 0.1% |
| Taxes450/3 | €33k | €54k | €46k | €25k | €25k | ▲ 0.1% |
| Other amounts payable47/48 | - | €0 | €50k | €0 | €31k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €36k | €19k | €3k | €26k | ▲ 780% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €838 | €1k | ▲ 49.8% |
| Operating cash flow (approximation) | €47k | €38k | €20k | €4k | €27k | ▲ 617% |
| Investment in fixed assets (approximation) | - | €-2k | €-968 | €-209 | €-2k | ▼ 651% |
| Change in cash | - | €36k | €-88k | €-26k | €-5k | ▲ 81.0% |
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
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 4.87
Current ratio from 2.31 to 4.87; short-term debt falls from €108k to €38k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150kEq €179k ▲25%
5 profitable years in a row build equity to €179k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €45k ▲206%
Operating result €65k, net result €45k, both a record.
31-12
Financial
Equity above €100kEq €143k ▲45.7%
4 profitable years in a row build equity to €143k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 18.36
Current ratio from 8.64 to 18.36; short-term debt falls from €10k to €5k.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 8.64
Current ratio from 3.46 to 8.64; short-term debt falls from €26k to €10k.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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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, Oostende · 1 establishment unit since 2005
Ground area
245 m²
Building footprint
131 m²
Volume, LiDAR
1,124 m³
Parcel 35385B0047/00V002, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
bArt
since 20052.147.091.634
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35385B0047/00V002 | Flanders | 245 m² | 1 · 131 m² | 12.6 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.
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,323. 5,361 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
Founded19-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
63920Other information service activities
71112Activities of interior architects
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
81100Combined facilities support activities
Contact
E-mail
info@b-art.be
Phone
02/223.30.17
Scores and ratios are computed by Checked and are not a credit decision.