Financials
Financial year 2025
State of Art Department Store from Antwerpen, company number BE0643965974, closed financial year 2025 with a result of € 4,651 after tax. For that financial year State of Art Department Store recorded a gross margin of € 325,104 and equity of € 47,941. Compared with financial year 2024, the result moved from € 8,478 to € 4,651. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ 47,941
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,651
▼ 45% vs 2024
Profit after tax over the fiscal year.
€ 139,595
▲ € 129,595 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 € 27,941.
People and assets in 2025
7.5
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 320,061
▲ 13% vs 2024
€ 42,700 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 228,126
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 115,780
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 210,594 | € 256,280 | € 291,412 | € 325,104 | ▲ 12% |
| Profit after taxes | € -225 | € 4,127 | € 8,478 | € 4,651 | ▼ 45% |
| Equity | € 30,684 | € 34,812 | € 43,290 | € 47,941 | ▲ 11% |
| Total debts | € 416,240 | € 308,733 | € 364,070 | € 350,464 | ▼ 4% |
| Cash | € 31,798 | € 19,153 | € 10,000 | € 139,595 | ▲ € 129,595 |
| Retained profit | € 10,684 | € 14,812 | € 23,290 | € 27,941 | ▲ 20% |
| Balance sheet total | € 446,925 | € 343,545 | € 407,360 | € 398,405 | ▼ 2% |
| Employees (FTE) | 5.6 | 6.5 | 6.7 | 7.5 | ▲ 0.8 |
Key figures of State of Art Department Store, 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 Department Store?
What happened at State of Art Department Store in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,651 (▼ 45% vs 2024). Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 225 loss in 2022 to € 4,651 profit in 2025.
Paid € 3,962 in corporate taxes since 2022.
Best year ever: 2024, with € 8,478 profit.
On average € 43,300 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
Behind State of Art Department Store are State of Art International BV and State of Art Retail Belgium BV. The shares are held by STATE OF ART RETAIL BELGIUM BV (100%).
Directors
According to the 2025 annual accounts
Director · represented by Martijn Mateman
Also active at: STATE OF ART BELGIUM, State of Art Retail Belgium
State of Art Retail Belgium BV
Director · represented by Kristof Baeten
Shareholders
Participations
No participations in other companies reported.
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
- 0643.965.974
- VAT number
- BE 0643.965.974
- Registered office
- Napoleonkaai 7 bus 0.02, 2000 Antwerpen
- Names & denominations
- State of Art Department Store
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 2015
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Groothandel in kleding, met uitzondering van werk- en onderkleding
Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren