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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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ART MASTER from Houthalen-Helchteren, company number BE0447282341, closed financial year 2025 with a result of € 47,497 after tax. For that financial year ART MASTER recorded a gross margin of € 61,876 and equity of € 19,802. Compared with financial year 2024, the result moved from € -4,104 to € 47,497. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 19,802
▲ € 47,497 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 47,497
▲ still € 4,104 loss in 2024
Profit after tax over the fiscal year.
€ 17,601
▲ € 16,869 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1,210.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 12,415
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,955
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 19,201
▲ 169% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,416
▲ 61% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 8,673 | € 8,820 | € -2,227 | € 61,876 | ▲ € 64,103 |
| Profit after taxes | € 5,069 | € 6,610 | € -4,104 | € 47,497 | ▲ € 51,601 |
| Equity | € -42,597 | € -23,592 | € -27,696 | € 19,802 | ▲ € 47,497 |
| Total debts | € 57,745 | € 24,740 | € 40,668 | € 47,846 | ▲ 18% |
| Cash | € 3,323 | - | € 732 | € 17,601 | ▲ € 16,869 |
| Land & buildings | € 1,056 | € 528 | € 0 | - | |
| Retained profit | € -48,794 | € -42,184 | € -46,288 | € 1,210 | ▲ € 47,497 |
| Bank debt | € 2,469 | € 510 | € 0 | € 0 | |
| Balance sheet total | € 15,148 | € 1,148 | € 12,973 | € 67,647 | ▲ € 54,675 |
Key figures of ART MASTER, 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 MASTER?
What happened at ART MASTER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 47,497. Source: NBB ↗
- New establishment in Genk. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,069 profit in 2022 to € 47,497 profit in 2025.
Best year ever: 2025, with € 47,497 profit.
Management
Behind ART MASTER is Nuh BISLIMAJ.
Directors
According to the 2025 annual accounts
Nuh BISLIMAJ
Director
Establishments
Establishment units
Physical locations of this company
Gildenplein 3
3530 Houthalen-Helchteren
Toekomstlaan 34
3600 Genk
Active since 22 May 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.282.341
- VAT number
- BE 0447.282.341
- Registered office
- Gildenplein 3, 3530 Houthalen-Helchteren
- Names & denominations
- ART MASTER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 April 1992
- Peppol
- Active · Active since 6 Nov 2025
- Activities · NACE
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