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 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2023; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
ART & QUALITY FOOD from Ciney, company number BE0652714978, closed financial year 2023 with a result of € -287,164 after tax. For that financial year ART & QUALITY FOOD recorded revenue of € 2.5 million and equity of € -1.4 million. Compared with financial year 2022, the result moved from € 962,522 to € -287,164. 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 October 30, 2023.
€ -1.4 million
▼ € 288,316 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -287,164
▼ still € 962,522 profit in 2022
Profit after tax over the fiscal year.
€ 34,709
▲ € 27,320 vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2023
14.4
▼ 2.1 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 741,713
▲ 11% vs 2022
€ 51,500 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.
€ 2,404
▲ 109% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 58,000
▼ 73% vs 2022
Loans from banks and other lenders, long and short.
€ 877,059
▲ 48% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 146 days on average.
€ 504,987
▲ 13% vs 2022
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|
| Revenue | € 2,638,188 | € 2,464,103 | ▼ 7% |
| Profit after taxes | € 962,522 | € -287,164 | ▼ € 1.2 million |
| Equity | € -1,088,222 | € -1,376,538 | ▼ € 288,316 |
| Total debts | € 1,447,584 | € 1,705,664 | ▲ 18% |
| Cash | € 7,389 | € 34,709 | ▲ € 27,320 |
| Retained profit | € -1,107,974 | € -1,395,138 | ▼ € 287,164 |
| Bank debt | € 213,020 | € 58,000 | ▼ 73% |
| Balance sheet total | € 698,730 | € 804,404 | ▲ 15% |
| Employees (FTE) | 16.5 | 14.4 | ▼ 2.1 |
Key figures of ART & QUALITY FOOD, fiscal years 2022 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 October 2024.
What happened to ART & QUALITY FOOD?
What happened at ART & QUALITY FOOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
ART & QUALITY FOOD is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 287,164 (▼ € 1.2 million vs 2022). Source: NBB ↗
- New establishment in Namur. KBO
- New establishment in Ciney. KBO
- Start of the company according to the CBE. KBO
In short
From € 962,522 profit in 2022 to € 287,164 loss in 2023.
Paid € 669 in corporate taxes since 2022.
Best year ever: 2022, with € 962,522 profit.
Pays suppliers within 146 days on average.
Establishments
Establishment units
Physical locations of this company
Allée des Artisans 11
5590 Ciney
Pl. des Jardins de Baseilles(EP) 2
5101 Namur
Active since 1 October 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0652.714.978
- VAT number
- BE 0652.714.978
- Registered office
- Allée des Artisans 11, 5590 Ciney
- Names & denominations
- ART & QUALITY FOOD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 21 April 2016
- Peppol
- Not registered
- Activities · NACE
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