STAND ART
InactiveSTAND ART was declared bankrupt on 27-08-2024 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed by liquidation by judgment of 02-06-2025, published in the Belgian State Gazette on 12-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 19-12-2023, 141 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
141 d late
2021
52 d late
2020
90 d late
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€36k▼ 7.1%
2021 · €38k
2018: €33k
2019: €36k▲ +8.7% vs 2018
2020: €33k▼ -9.5% vs 2019lowest in 5 years
2021: €38k▲ +17.4% vs 2020highest in 5 years
2022: €36k▼ -7.1% vs 2021
2018 → 2022
Total assets
€107k▲ 19.1%
2021 · €90k
2018: €114k
2019: €128k▲ +12.1% vs 2018highest in 5 years
2020: €64k▼ -50.0% vs 2019lowest in 5 years
2021: €90k▲ +40.7% vs 2020
2022: €107k▲ +19.1% vs 2021
2018 → 2022
Net result
€17k▲ 206%
2021 · €6k
2018: €11k
2019: €3k▼ -74.7% vs 2018
2020: €-3k▼ -218% vs 2019lowest in 5 years
2021: €6k▲ +266% vs 2020
2022: €17k▲ +206% vs 2021highest in 5 years
2018 → 2022
Working capital
€36k▼ 30.8%
2021 · €51k
2018: €30klowest in 5 years
2019: €33k▲ +10.3% vs 2018
2020: €30k▼ -9.2% vs 2019
2021: €51k▲ +70.4% vs 2020highest in 5 years
2022: €36k▼ -30.8% vs 2021
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€33k-€36k▲ 8.7%€33k▼ 9.5%€38k▲ 17.4%€36k▼ 7.1%
2018: €33k
2019: €36k▲ +8.7% vs 2018
2020: €33k▼ -9.5% vs 2019lowest in 5 years
2021: €38k▲ +17.4% vs 2020highest in 5 years
2022: €36k▼ -7.1% vs 2021
Operating result€22k-€15k▼ 30.9%€3k▼ 81.3%€8k▲ 167%€23k▲ 199%
2018: €22k
2019: €15k▼ -30.9% vs 2018
2020: €3k▼ -81.3% vs 2019lowest in 5 years
2021: €8k▲ +167% vs 2020
2022: €23k▲ +199% vs 2021highest in 5 years
Net result€11k-€3k▼ 74.7%€-3k€6k€17k▲ 206%
2018: €11k
2019: €3k▼ -74.7% vs 2018
2020: €-3k▼ -218% vs 2019lowest in 5 years
2021: €6k▲ +266% vs 2020
2022: €17k▲ +206% vs 2021highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 199% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €107k
Equity
€36k ▼ 7.1%
Debt
€72k ▲ 38.4%
Debt's share of the balance-sheet total rises from 57.5% to 66.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24k▲
2021 · €9k
Cash flow
€18k▲
2021 · €7k
Current ratio
1.50▼
2021 · 2.36
Debt to equity
2.02▲
2021 · 1.35
ROE
48.7%▲
2021 · 14.8%
ROA
16.2%▲
2021 · 6.3%
Interest coverage
17.70▲
2021 · 4.67
Debt ≤ 1 year
€72k▲
2021 · €38k
Income taxes
€4k
Staff costs
€45k▲
2021 · €22k
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 · 2022 against 2021 · 48 lines
Balance sheet
Code20212022
Assets
Total assets20/58€90k€107k▲
Fixed assets21/28€1k-
Intangible fixed assets21€750-
Tangible fixed assets22/27€296-
Furniture and vehicles24€296-
Current assets29/58€89k€107k▲
Stocks and contracts in progress3€13k-
Stocks30/36€13k-
Amounts receivable within one year40/41€76k€107k▲
Trade receivables40€28k€102k▲
Other amounts receivable41€47k€5k▼
Equity and liabilities
Total equity and liabilities10/49€90k€107k▲
Equity10/15€38k€36k▼
Contributions10/11€6k€6k=
Reserves13€26k€26k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€24k€24k=
Profit (loss) carried forward14€6k€3k▼
Amounts payable17/49€52k€72k▲
Amounts payable within one year42/48€38k€72k▲
Financial debts43€6k€1k▼
Credit institutions430/8-€1k
Other loans439€6k-
Trade debts44€12k€26k▲
Suppliers440/4€12k€26k▲
Taxes, remuneration and social security45€17k€42k▲
Taxes450/3€15k€37k▲
Remuneration and social security454/9€2k€5k▲
Other amounts payable47/48€2k€2k=
Accrued charges and deferred income492/3€14k-
Income statement
Code20212022
Remuneration, social security and pensions62€22k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€37k€75k▲
Operating profit (loss)9901€8k€23k▲
Financial income75/76B€6€241▲
Recurring financial income75€6€241▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€6k€22k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€6k€17k▲
Profit (loss) for the period to be appropriated9905€6k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€23k▲
Profit (loss) brought forward from the previous period14P-€6k
Profit to be distributed694/7-€20k
Directors or managers695-€20k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €22k | €45k | ▲ 107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €1k | €349 | €1k | €1k | ▼ 25.0% |
| Other operating charges640/8 | - | - | - | €6k | €6k | ▲ 1.4% |
| Gross operating margin9900 | €76k | €74k | €51k | €37k | €75k | ▲ 103% |
| Operating profit (loss)9901 | €22k | €15k | €3k | €8k | €23k | ▲ 199% |
| Financial income75/76B | - | - | - | €6 | €241 | ▲ 3,747% |
| Recurring financial income75 | - | €4 | €0 | €6 | €241 | ▲ 3,747% |
| Financial charges65/66B | - | - | - | €2k | €1k | ▼ 30.2% |
| Recurring financial charges65 | €3k | €9k | €3k | €2k | €1k | ▼ 30.2% |
| Profit (loss) for the period before taxes9903 | €19k | €6k | €-415 | €6k | €22k | ▲ 281% |
| Income taxes67/77 | €7k | €3k | €3k | - | €4k | - |
| Profit (loss) for the period9904 | €11k | €3k | €-3k | €6k | €17k | ▲ 206% |
| Profit (loss) for the period to be appropriated9905 | €11k | €3k | €-3k | €6k | €17k | ▲ 206% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114k | €128k | €64k | €90k | €107k | ▲ 19.1% |
| Fixed assets21/28 | €3k | €3k | €2k | €1k | - | - |
| Intangible fixed assets21 | €3k | €2k | €2k | €750 | - | - |
| Tangible fixed assets22/27 | - | €789 | €690 | €296 | - | - |
| Furniture and vehicles24 | - | - | - | €296 | - | - |
| Current assets29/58 | €111k | €125k | €61k | €89k | €107k | ▲ 20.5% |
| Stocks and contracts in progress3 | €15k | €12k | €13k | €13k | - | - |
| Stocks30/36 | - | - | - | €13k | - | - |
| Amounts receivable within one year40/41 | €95k | €102k | €48k | €76k | €107k | ▲ 41.8% |
| Trade receivables40 | - | - | - | €28k | €102k | ▲ 261% |
| Other amounts receivable41 | - | - | - | €47k | €5k | ▼ 88.6% |
| Cash at bank and in hand54/58 | - | €11k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114k | €128k | €64k | €90k | €107k | ▲ 19.1% |
| Equity10/15 | €33k | €36k | €33k | €38k | €36k | ▼ 7.1% |
| Contributions10/11 | €6k | €6k | - | €6k | €6k | = |
| Reserves13 | €27k | €30k | €26k | €26k | €26k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €24k | €24k | = |
| Profit (loss) carried forward14 | - | - | - | €6k | €3k | ▼ 47.8% |
| Amounts payable17/49 | €81k | €92k | €31k | €52k | €72k | ▲ 38.4% |
| Amounts payable within one year42/48 | €81k | €92k | €31k | €38k | €72k | ▲ 90.4% |
| Financial debts43 | - | - | - | €6k | €1k | ▼ 80.8% |
| Credit institutions430/8 | - | - | - | - | €1k | - |
| Other loans439 | - | - | - | €6k | - | - |
| Trade debts44 | €28k | €28k | €14k | €12k | €26k | ▲ 114% |
| Suppliers440/4 | - | - | - | €12k | €26k | ▲ 114% |
| Taxes, remuneration and social security45 | - | - | - | €17k | €42k | ▲ 148% |
| Taxes450/3 | - | - | - | €15k | €37k | ▲ 152% |
| Remuneration and social security454/9 | - | - | - | €2k | €5k | ▲ 123% |
| Other amounts payable47/48 | - | - | - | €2k | €2k | = |
| Accrued charges and deferred income492/3 | - | - | - | €14k | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €3k | €-3k | €6k | €17k | ▲ 206% |
| + Depreciation and write-downs630 | €8k | €1k | €349 | €1k | €1k | ▼ 25.0% |
| Operating cash flow (approximation) | €19k | €4k | €-3k | €7k | €18k | ▲ 160% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €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
2025
12-06
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 02-06-2025
2024
02-09
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 27-08-2024
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 141 days late
2022
31-12
Financial
Highest result since 2018net €17k ▲206%
Operating result €23k, net result €17k, both a record.
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Show earlier events
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 64 days late
2015
13-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BERNARD GROFILS RUE DE ROBIANO 62,
7130 BINCHE- .
Date provisoire de cessation de paiement : 27/08/2024 |
27-08-2024 → 02-06-2025 |