Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 2.7 to 2.1.
Financials
Financial year 2025
ARETZ from Antwerpen, company number BE0467975807, closed financial year 2025 with a result of € 228 after tax. For that financial year ARETZ recorded a gross margin of € 183,893 and equity of € 579,126. Compared with financial year 2024, the result moved from € 39,783 to € 228. The company is profitable. 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 March 26, 2026.
€ 579,126
▼ 40% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 228
▼ 99% vs 2024
Profit after tax over the fiscal year.
€ 372,820
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 391,186 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
2.1
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 95,792
€ 45,600 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.
€ 1,805
▼ 55% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 134,016
▼ 20% vs 2024
€ 28,077 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 51,802
▼ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 35,759
▲ 89% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 290,292 | € 208,541 | € 207,434 | € 183,893 | ▼ 11% |
| Profit after taxes | € 78,971 | € 33,439 | € 39,783 | € 228 | ▼ 99% |
| Equity | € 896,861 | € 930,300 | € 970,083 | € 579,126 | ▼ 40% |
| Total debts | € 436,961 | € 406,395 | € 360,551 | € 663,713 | ▲ 84% |
| Cash | € 337,334 | € 380,221 | € 396,792 | € 372,820 | ▼ 6% |
| Land & buildings | € 248,373 | € 221,246 | € 192,009 | € 163,602 | ▼ 15% |
| Retained profit | € 846,861 | € 880,300 | € 920,083 | € 529,126 | ▼ 42% |
| Dividend | € 105,000 | € 0 | € 0 | € 391,186 | |
| Bank debt | € 227,480 | € 199,403 | € 166,699 | € 134,016 | ▼ 20% |
| Balance sheet total | € 1,364,943 | € 1,367,817 | € 1,361,756 | € 1,273,960 | ▼ 6% |
| Employees (FTE) | 2.8 | 2.7 | 2.5 | 2.1 | ▼ 0.4 |
Key figures of ARETZ, 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 ARETZ?
What happened at ARETZ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 228 (▼ 99% vs 2024). Source: NBB ↗
- New establishment in Antwerpen. KBO
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 78,971 profit in 2022 to € 228 profit in 2025.
Paid € 82,281 in corporate taxes since 2022.
Best year ever: 2022, with € 78,971 profit.
On average € 87,600 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
Directors
According to the 2025 annual accounts
Roger Szmulewicz
Director
Establishments
Establishment units
Physical locations of this company
Zirkstraat 20
2000 Antwerpen
Hofstraat 2
2000 Antwerpen
Active since 1 June 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
gallery51.com
Registered
2000-07-28
Registrar
Hosting Concepts B.V. d/b/a Registrar.eu
Expires
2026-07-28
Website info
Features
Security
Details
- Company number
- 0467.975.807
- VAT number
- BE 0467.975.807
- Registered office
- Zirkstraat 20, 2000 Antwerpen
- Names & denominations
- ARETZ · FIFTY-ONE - Fine Art Photography
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 December 1999
- Peppol
- Active · Active since 29 Jan 2026
- Contact
- gallery51.com [email protected]
- Activities · NACE
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