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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
ART from Brugge, company number BE0440809966, closed financial year 2025 with a result of € -2,202 after tax. For that financial year ART recorded a gross margin of € -3,593 and equity of € 2.5 million. Compared with financial year 2024, the result moved from € -798 to € -2,202. 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 May 28, 2026.
€ 2.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,202
▼ 176 % more loss than in 2024
Profit after tax over the fiscal year.
€ 64,765
▲ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -83,990.
Debts at end 2025
€ 432,359
Loans from banks and other lenders, long and short.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,150 | € -6,035 | € 1,345 | € -3,593 | ▼ € 4,938 |
| Profit after taxes | € -3,005 | € -9,349 | € -798 | € -2,202 | ▼ € 1,404 |
| Equity | € 2,531,240 | € 2,521,892 | € 2,521,094 | € 2,518,892 | |
| Total debts | € 509,345 | € 476,476 | € 488,154 | € 502,364 | ▲ 3% |
| Cash | € 39,934 | € 14,627 | € 50,923 | € 64,765 | ▲ 27% |
| Retained profit | € -71,642 | € -80,990 | € -81,788 | € -83,990 | ▼ € 2,202 |
| Bank debt | € 487,359 | € 432,359 | € 432,359 | € 432,359 | |
| Balance sheet total | € 3,040,585 | € 2,998,368 | € 3,009,247 | € 3,021,256 |
Key figures of 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 ART?
What happened at ART in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Daisy Cordier stepped down as director. NBB
- Carmen Cordier stepped down as director. NBB
- Paul Cordier stepped down as director. NBB
- Paula Vancoppenolle stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2,202. Source: NBB ↗
- Daisy Cordier became a director. NBB
- Carmen Cordier became a director. NBB
- Paula Vancoppenolle became a director. NBB
In short
From € 3,005 loss in 2022 to € 2,202 loss in 2025.
Management
The stake of COVA-INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARTThe shares are held by COVA-INVEST (100%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
since 2025 · until 2031
since 2025 · until 2028
Paul Cordier
Director
Also active at: COVA-INVEST, DE DEN, DIMA IMMO, CoGiVa Groep, CoGiVa, PureC, CoYoTTo
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Langerei 4-5-6
8000 Brugge
Langerei 4 5 box 6
8000 Brugge
Active since 9 November 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.809.966
- VAT number
- BE 0440.809.966
- Registered office
- Langerei 4-5-6, 8000 Brugge
- Names & denominations
- ART
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 1990
- Peppol
- Not registered