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 2 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
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Busy address KBO
40 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2023
Arts 44 from Watermaal-Bosvoorde, company number BE0634735534, closed financial year 2023 with a result of € -2.6 million after tax. For that financial year Arts 44 recorded a gross margin of € 1 million and equity of € -4.9 million. Compared with financial year 2022, the result moved from € -2.6 million to € -2.6 million. 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 September 25, 2024.
€ -4.9 million
▼ € 2.6 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.6 million
▲ 1 % less loss than in 2022
Profit after tax over the fiscal year.
€ 4.1 million
▲ € 3.4 million vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7.5 million.
People and assets in 2023
€ 285,644
▼ 18% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 28.7 million
▲ 21% vs 2022
€ 1 million is repaid this year. At this pace the long-term loan is gone in ≈ 29 years.
€ 329,666
▼ 68% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 172,506
▲ € 168,313 vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € -89,060 | € -505,492 | € 1,044,715 | ▲ € 1.6 million |
| Profit after taxes | € -1,632,670 | € -2,584,739 | € -2,556,553 | ▲ € 28,186 |
| Equity | € 241,396 | € -2,343,344 | € -4,899,897 | ▼ € 2.6 million |
| Total debts | € 23,204,272 | € 25,522,355 | € 30,745,160 | ▲ 20% |
| Cash | € 2,213,183 | € 662,669 | € 4,060,071 | ▲ € 3.4 million |
| Land & buildings | € 20,429,207 | € 20,984,805 | € 20,435,465 | ▼ 3% |
| Retained profit | € -2,358,604 | € -4,943,344 | € -7,499,897 | ▼ € 2.6 million |
| Bank debt | € 21,519,930 | € 23,757,300 | € 28,688,185 | ▲ 21% |
| Balance sheet total | € 23,445,668 | € 23,179,012 | € 25,845,263 | ▲ 12% |
Key figures of Arts 44, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Arts 44?
What happened at Arts 44 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 2.6 million. filed late Source: NBB ↗
- EMILY HARRIS became a director. NBB
- SIMON HOWARD BALL stepped down as director. NBB
- JULIAN FELDMAN became a director. NBB
- MICHAEL GOLDBERG became a director. NBB
- MICHAEL BELA KOVACS became a director. NBB
- SIMON HOWARD BALL became a director. NBB
- New establishment in Brussel. KBO
In short
From € 1.6 million loss in 2021 to € 2.6 million loss in 2023.
Paid € 758 in corporate taxes since 2021.
A new publication or filing at Arts 44? We notify you, reason included.
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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
Behind Arts 44 are JULIAN FELDMAN, EMILY HARRIS, MICHAEL GOLDBERG and MICHAEL BELA KOVACS. JULIAN FELDMAN is also behind Maritiem Huis. EMILY HARRIS is also behind Maritiem Huis. MICHAEL GOLDBERG is also behind PHICAP PROPERTY MANAGEMENT, Smovin, Maritiem Huis and PHICAP PROJECT MANAGEMENT.
Directors
According to the 2023 annual accounts
since 2018
since 2023
MICHAEL GOLDBERG
Director
Also active at: PHICAP PROPERTY MANAGEMENT, Smovin, Maritiem Huis, PHICAP PROJECT MANAGEMENT
since 2018
MICHAEL BELA KOVACS
Director
since 2018
SIMON HOWARD BALL
Director
since 2018 · until 2023
Establishments
Establishment units
Physical locations of this company
Vorstlaan 100
1170 Watermaal-Bosvoorde
Kunstlaan 44
1000 Brussel
Active since 30 July 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 40 companies are registered at this address.
All companies at this address →Alcotra Holding
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ALCODIS
€ 905.3 million revenue · 2025
MOREAU ET ASSOCIES
€ 27,360 gross margin · 2025
COFACE BELGIUM SERVICES
€ 5 million revenue · 2025
+35 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0634.735.534
- VAT number
- BE 0634.735.534
- Registered office
- Vorstlaan 100, 1170 Watermaal-Bosvoorde
- Names & denominations
- Arts 44
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 July 2015
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen