Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
For Art from Ukkel, company number BE0438482659, closed financial year 2025 with a result of € -36,773 after tax. For that financial year For Art recorded a gross margin of € 31,021 and equity of € 58,892. Compared with financial year 2024, the result moved from € -35,299 to € -36,773. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 58,892
▼ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -36,773
▼ 4 % more loss than in 2024
Profit after tax over the fiscal year.
€ 104
▼ € 25,094 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3,108.
People and assets in 2025
€ 57,974
▼ 23% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,735
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 11,144
▼ 93% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,733
▼ 60% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 80,340 | € 65,460 | € 48,480 | € 31,021 | ▼ 36% |
| Profit after taxes | € -1,481 | € -16,936 | € -35,299 | € -36,773 | ▼ € 1,473 |
| Equity | € 147,900 | € 130,964 | € 95,664 | € 58,892 | ▼ 38% |
| Total debts | € 34,529 | € 39,219 | € 232,431 | € 95,465 | ▼ 59% |
| Cash | € 14,717 | € 10,917 | € 25,199 | € 104 | ▼ € 25,094 |
| Land & buildings | € 113,865 | € 113,562 | € 113,259 | € 112,955 | |
| Retained profit | € 85,900 | € 68,964 | € 33,664 | € -3,108 | ▼ € 36,773 |
| Balance sheet total | € 182,428 | € 170,183 | € 328,096 | € 154,356 | ▼ 53% |
Key figures of For Art, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to For Art?
What happened at For Art in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 36,773. filed late Source: NBB ↗
- RENE KEUTGEN stepped down as director. NBB
- New establishment in Ukkel. KBO
- RENE KEUTGEN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1,481 loss in 2022 to € 36,773 loss in 2025.
Management
Directors
According to the 2025 annual accounts
since 2018 · until 2024
Establishments
Establishment units
Physical locations of this company
Maretaklaan 25
1180 Ukkel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.482.659
- VAT number
- BE 0438.482.659
- Registered office
- Maretaklaan 25, 1180 Ukkel
- Names & denominations
- For Art
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 1989
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
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