Financials
Financial year 2025
STATE OF ART BELGIUM from Antwerpen, company number BE0466554261, closed financial year 2025 with a result of € 3,436 after tax. For that financial year STATE OF ART BELGIUM recorded a gross margin of € 742,815 and equity of € 559,852. Compared with financial year 2024, the result moved from € 43,960 to € 3,436. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ 559,852
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,436
▼ 92% vs 2024
Profit after tax over the fiscal year.
€ 25,568
▲ 71% 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 € 497,852.
People and assets in 2025
8.2
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 675,125
▲ 10% vs 2024
€ 82,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6,565
▼ 21% 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.
€ 20,506
▼ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,752
▲ 29% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 840,974 | € 748,257 | € 727,340 | € 742,815 | ▲ 2% |
| Profit after taxes | € 25,436 | € 83,785 | € 43,960 | € 3,436 | ▼ 92% |
| Equity | € 428,670 | € 512,455 | € 556,416 | € 559,852 | ▲ 1% |
| Total debts | € 983,755 | € 220,092 | € 238,160 | € 105,624 | ▼ 56% |
| Cash | € 10,397 | € 52,607 | € 14,917 | € 25,568 | ▲ 71% |
| Retained profit | € 366,670 | € 450,455 | € 494,416 | € 497,852 | ▲ 1% |
| Balance sheet total | € 1,412,425 | € 732,548 | € 794,575 | € 665,476 | ▼ 16% |
| Employees (FTE) | 8.1 | 7.6 | 6.8 | 8.2 | ▲ 1.4 |
Key figures of STATE OF ART BELGIUM, 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 STATE OF ART BELGIUM?
What happened at STATE OF ART BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- State of Art International BV stepped down as director. NBB
- Baeten Project Management BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3,436 (▼ 92% vs 2024). Source: NBB ↗
- State of Art International BV became a director. NBB
- Baeten Project Management BV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 25,436 profit in 2022 to € 3,436 profit in 2025.
Paid € 119,476 in corporate taxes since 2022.
Best year ever: 2023, with € 83,785 profit.
On average € 90,600 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by STATE OF ART INTERNATIONAL BV (100%). It owns 100% of STATE OF ART RETAIL BELGIUM itself.
Directors
According to the 2025 annual accounts
Director · represented by Martijn Mateman
Also active at: State of Art Department Store, State of Art Retail Belgium
since 2023 · until 2029
Director · represented by Kristof Baeten
since 2023 · until 2029
Shareholders
STATE OF ART INTERNATIONAL BV
100%
Participations
Establishments
Establishment units
Physical locations of this company
Napoleonkaai 7 box 0.02
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0466.554.261
- VAT number
- BE 0466.554.261
- Registered office
- Napoleonkaai 7 bus 0.02, 2000 Antwerpen
- Names & denominations
- STATE OF ART BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 1999
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in kleding, met uitzondering van werk- en onderkleding
Groothandel in kleding, kledingtoebehoren en bontartikelen
Groothandel in huishoudtextiel en beddengoed
Groothandel in textiel
Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren