Active BE 0704.786.657Private limited company (pre-2019)

SHARING ART

Léon Stynenstraat 21 ·2000 Antwerpen, Belgium· 7 yrs active

Sector: Retail sale of other cultural and recreation goods (47690)

Conclusion Checked

The computed 12-month bankruptcy probability of SHARING ART is 1.6% (moderate). The 2025 annual accounts show equity of €144k and a net result of €-21k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 9984 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€144k
Net result	€-21k
Staff (FTE)	7.2
Better than sector	19%

Financial profile 5 of 5 axes measured · computed by Checked

45 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 32

Profitability 0

Solvency 40

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.6% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2018, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

32 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€5k

estimate, not credit advice

Score history

48 2021

7 2022

71 2023

40 2024

32 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.08 (≥ 1.5) +10

Quick ratio Quick ratio 1.34 (≥ 1.0) +5

Leverage Debt/equity 9.66 (> 3.0) -10

Profitability Negatieve ROE -15% -10

Interest coverage Interest coverage 1.4× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 23-03-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~13.6%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	9.4%	37.6%	better than 19% of 9984 sector peers
Net result	€-21k	€30k	better than 13% of 9978 sector peers
Equity	€144k	€260k	better than 36% of 9993 sector peers
Gross operating margin	€635k	€227k	better than 83% of 9958 sector peers
Staff costs	€464k	€158k	higher than 84% of 7572 sector peers

EBITDA

€29k

-15.6% 21-25

Net profit

€-21k

-116.8% 21-25

Cash flow

€12k

-17.2% 21-25

Total assets

€1.54M

-34.4% 21-25

Equity

€144k

-13.0% 21-25

Working capital

€579k

-5.7% 21-25

Employees (FTE)

7

-8.9% 21-25

Staff costs

€464k

-5.8% 21-25

Income taxes

€-864

- 21-25

Debt

€1.39M

-36.0% 21-25

Debt ≤ 1y

€538k

-58.7% 21-25

Debt > 1y

€826k

-3.2% 21-25

Current ratio

2.08

+41.1% 21-25

Quick ratio

1.34

+12.5% 21-25

Solvency

9.4%

+32.6% 21-25

Debt / equity

9.66

-26.5% 21-25

ROE

-14.9%

-149.1% 21-25

ROA

-1.4%

-230.3% 21-25

Interest coverage

1.45

-43.6% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€29k	€34k	€238k	€-47k	€100k
Net profit	€-21k	€-10k	€149k	€-63k	€79k
Cash flow	€12k	€15k	€172k	€-40k	€92k
Staff costs	€464k	€492k	€253k	€167k	€80k
Income taxes	€-864	€13k	€63k	€-52	€2k
Dividends	-	-	-	-	-
Total assets	€1.54M	€2.34M	€1.32M	€966k	€937k
Equity	€144k	€166k	€175k	€27k	€89k
Debt	€1.39M	€2.17M	€1.15M	€940k	€847k
of which ≤ 1y	€538k	€1.30M	€872k	€630k	€557k
of which > 1y	€826k	€853k	€246k	€266k	€290k
Working capital	€579k	€614k	€43k	€-47k	€-24k
Employees (FTE)	7.2	7.9	5.6	3.4	1.8

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	2.08	1.47	1.05	0.93	0.96
Quick ratio	1.34	1.19	0.80	0.71	0.83
Working capital ratio	37.7%	26.2%	3.2%	-4.9%	-2.5%
Solvency	9.4%	7.1%	13.3%	2.7%	9.5%
Debt / equity	9.66	13.14	6.53	35.37	9.48
Long-term debt ratio	5.73	5.16	1.40	10.00	3.25
Interest coverage	1.45	2.57	16.74	-4.70	15.47
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	-1.4%	-0.4%	11.3%	-6.5%	8.4%
ROE	-14.9%	-6.0%	84.9%	-236.3%	88.3%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €419k · 27.3% Current assets €1.12M · 72.7%

Equity & liabilities

Equity €144k · 9.4% Debt €1.39M · 90.6%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.54M	€2.34M	€1.32M	€966k	€937k
Fixed assets	21/28	€419k	€425k	€407k	€383k	€403k
Tangible fixed assets	22/27	€393k	€365k	€345k	€359k	€382k
Financial fixed assets	28	€26k	€59k	€62k	€24k	€22k
Current assets	29/58	€1.12M	€1.91M	€914k	€583k	€533k
Stocks & contracts in progress	3	€394k	€360k	€214k	€137k	€71k
Amounts receivable within one year	40/41	€424k	€828k	€294k	€226k	€241k
Cash & bank	54/58	€241k	€663k	€387k	€192k	€216k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.54M	€2.34M	€1.32M	€966k	€937k
Equity	10/15	€144k	€166k	€175k	€27k	€89k
Contributions / capital	10/11	€6k	€6k	€6k	€6k	€6k
Reserves	13	€169k	€169k	€169k	€51k	€83k
Accumulated profits (losses)	14	€-31k	€-10k	€0	€-30k	-
Amounts payable	17/49	€1.39M	€2.17M	€1.15M	€940k	€847k
Amounts payable after one year	17	€826k	€853k	€246k	€266k	€290k
Amounts payable within one year	42/48	€538k	€1.30M	€872k	€630k	€557k
Trade debts payable within one year	44	€418k	€1.10M	€719k	€543k	€447k
Income statement
Gross operating margin	9900	€635k	€516k	€513k	€123k	€183k
Operating result	9901	€-5k	€10k	€215k	€-70k	€87k
Financial income	75	€2k	€7k	€12k	€17k	€216
Financial charges	65	€20k	€13k	€14k	€10k	€6k
Result before taxes	9903	€-22k	€3k	€212k	€-63k	€81k
Income taxes	67/77	€-864	€13k	€63k	€-52	€2k
Net result for the period	9904	€-21k	€-10k	€149k	€-63k	€79k
Result to be appropriated	9905	€-21k	€-10k	€149k	€-63k	€79k

Legal Structure

NACE primary	Retail sale of other cultural and recreation goods(47690)
Legal form	Private limited company (pre-2019)(015)
Incorporation	19-09-2018
Status	Active
Postal code	2000

Establishment units 1 location

SHARING ART

Léon Stynenstraat 21, 2000 AntwerpenRetail trade

since 20182.279.903.044

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11811L3925/00K003	Flanders	2,229 m²	1 · 501 m²	2.2 m

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.

Updates 8 events

All 11Financial 3Gazette 1Filings 7

Next filing, fiscal year 2026, expected by 30-04-2027

2026

23-03

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

24-02

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

02-12

State Gazette act Capital & shares

Leon Stynen

12-04

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

30-09

Financial Back to profitnet €149k

Net result €149k after one loss-making year.

30-09

Financial Equity above €150kEq €175k ▲560%

Equity rises from €27k to €175k.

30-04

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

30-09

Financial Weakest financial yearnet €-63k ▼180%

Net result drops to €-63k, the lowest in the series; recovery starts the following year.

27-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-04

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

08-05

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 8 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

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.

Belgisch Staatsblad, acts 1 acts

Capital history · 1

02-12-2024

Capital change

All acts · 1 updated 1 year ago

2024

02-12-2024 All shares are now held by a single shareholder Capital & shares·Leon Stynen

Notary: Leon Stynen · Antwerpen

Original publication ↗

Technical details

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    },
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      "kind": "share_transfer",
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  ],
  "notary": {
    "name": "Leon Stynen",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-12-02",
    "filing_date": "2024-11-20",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "act_date": "2024-11-20",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-11-06"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0704.786.657",
    "name_full": "SHARING ART Recnisi BESLOTEN VENNOOTSCHAP",
    "legal_form": "BV",
    "is_foreign_registered": false,
    "_kbo_extracted_mismatch": "0478.119.334"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": "0451.657.041",
    "org_name": "Moore Finance \u0026 Tax BV",
    "person_name": "Dominique Jaminet",
    "org_rep_person_name": "Dominique Jaminet",
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": "0451.657.041",
      "pct": null,
      "kind": "org",
      "name": "ARTFLOW IDEAS BV",
      "role": "aandeelhouder",
      "n_shares": null,
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Retail sale of other cultural and recreation goods47690Retail trade47787

Names & trade names

Legal nameNL

SHARING ART

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