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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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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 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ALPHA ART EUROPE from Thuin, company number BE0442083141, closed financial year 2025 with a result of € -107,416 after tax. For that financial year ALPHA ART EUROPE recorded a gross margin of € -99,297 and equity of € -90,267. Compared with financial year 2024, the result moved from € -134,793 to € -107,416. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2026.
€ -90,267
▼ € 107,416 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -107,416
▲ 20 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,298
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -772,000.
People and assets in 2025
€ 27
▲ 2% 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.
€ 6,825
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,954
▼ 94% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 280
▼ 93% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -147,885 | € -105,863 | € -126,795 | € -99,297 | ▲ € 27,498 |
| Profit after taxes | € -154,258 | € -113,259 | € -134,793 | € -107,416 | ▲ € 27,377 |
| Equity | € 265,200 | € 151,942 | € 17,149 | € -90,267 | ▼ € 107,416 |
| Total debts | € 93,662 | € 267,270 | € 345,660 | € 440,505 | ▲ 27% |
| Cash | € 15,659 | € 17,080 | € 3,023 | € 3,298 | ▲ 9% |
| Retained profit | € -416,534 | € -529,792 | € -664,585 | € -772,000 | ▼ € 107,416 |
| Balance sheet total | € 358,862 | € 419,212 | € 362,809 | € 350,239 | ▼ 3% |
Key figures of ALPHA ART EUROPE, 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 ALPHA ART EUROPE?
What happened at ALPHA ART EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BORD DE SAMBRE stepped down as director. NBB
- Pascal RETELET stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 107,416. Source: NBB ↗
- BORD DE SAMBRE became a director. NBB
- Pascal RETELET became a director. NBB
- New establishment in Thuin. KBO
- Start of the company according to the CBE. KBO
In short
From € 154,258 loss in 2022 to € 107,416 loss in 2025.
Paid € 561 in corporate taxes since 2022.
Management
The stake of BORD DE SAMBRE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ALPHA ART EUROPEThe shares are held by BORD DE SAMBRE (24.8%).
Directors
According to the 2025 annual accounts
Managing director · represented by Antoine Gimlewicz
since 2021 · until 2027
Pascal RETELET
Director
since 2021 · until 2027
Shareholders
24.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chemin du Halage(THN) 88
6530 Thuin
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0442.083.141
- VAT number
- BE 0442.083.141
- Registered office
- Chemin du Halage(THN) 88, 6530 Thuin
- Names & denominations
- ALPHA ART EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 November 1990
- Peppol
- Active · Active since 23 Jan 2026
- Activities · NACE
Organisatie van congressen en beurzen
Organisatie van salons, tentoonstellingen en beurzen