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.
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| 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.
A new publication or filing at ART & QUALITY FOOD? 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
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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