Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ART OF BUILDING from Kortrijk, company number BE0680449654, closed financial year 2025 with a result of € 16,309 after tax. For that financial year ART OF BUILDING recorded a gross margin of € -540,950 and equity of € 62,223. Compared with financial year 2024, the result moved from € 14,432 to € 16,309. Profitable, and profit is growing. 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 July 13, 2026.
€ 62,223
▲ 36% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,309
▲ 13% vs 2024
Profit after tax over the fiscal year.
€ 127,431
▲ 229% 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 € 43,623.
Debts at end 2025
€ 2.9 million
▼ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 191,989
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,476
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,490 | € -7,050 | € -549,882 | € -540,950 | ▲ € 8,932 |
| Profit after taxes | € 4,330 | € 4,066 | € 14,432 | € 16,309 | ▲ 13% |
| Equity | € 27,416 | € 31,481 | € 45,913 | € 62,223 | ▲ 36% |
| Total debts | € 4,425,985 | € 4,775,165 | € 6,057,340 | € 5,588,890 | ▼ 8% |
| Cash | € 551,657 | € 73,106 | € 38,753 | € 127,431 | ▲ 229% |
| Retained profit | € 8,816 | € 12,881 | € 27,313 | € 43,623 | ▲ 60% |
| Bank debt | € 1,459,500 | € 1,260,000 | € 3,078,000 | € 2,881,430 | ▼ 6% |
| Balance sheet total | € 4,453,401 | € 4,806,646 | € 6,103,253 | € 5,651,113 | ▼ 7% |
Key figures of ART OF BUILDING, 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 ART OF BUILDING?
What happened at ART OF BUILDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 16,309 (▲ 13% vs 2024). Source: NBB ↗
- Arvi Projects BV became a director. NBB
- Centrimo Construct NV became a director. NBB
- Het Kapittelhof NV became a director. NBB
- B&V Pops BVBA became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,330 profit in 2022 to € 16,309 profit in 2025.
Paid € 14,546 in corporate taxes since 2022.
Best year ever: 2025, with € 16,309 profit.
A new publication or filing at ART OF BUILDING? 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
The stake of FINIMMO, JLD, ARVI PROJECTS, B&V Pops, Centrimo comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ART OF BUILDINGBehind ART OF BUILDING are Het Kapittelhof NV, B&V Pops BVBA, Arvi Projects BV and Centrimo Construct NV. The shares are held by FINIMMO (25%), JLD (25%), ARVI PROJECTS (25%), B&V Pops (25%) and Centrimo (25%).
Directors
According to the 2025 annual accounts
Director · represented by Jean-Luc Desmet
Also active at: Centrimo, DEMSONAR, SIRIUS PROMOTIE, DECOTIM, FALYNN, ALDEA CONSTRUCT, CARE VIE, ALDEA GROUP +1 more
since 2021
since 2021
Director · represented by Filip Mahieu
Also active at: M.B.V.-Ontwikkeling, Gravicon
since 2024
Director · represented by David Vanbiervliet
Also active at: Bovanco, BLUEBELL PROJECTS, VAN2INVEST, A+D Projects
since 2021
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Beneluxpark(Kor) 29 box 21
8500 Kortrijk
Beneluxpark(Kor) 29 box B0021
8500 Kortrijk
Active since 25 August 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →FIVANCO
€ 120,500 revenue · 2025
Centrimo same network
€ 188,427 gross margin · 2025
INAFZO
€ -67,046 gross margin · 2025
CONAFIN
€ 14,235 gross margin · 2025
YOUNG & Partners/NaviTrans International
€ 12.4 million revenue · 2025
+14 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
- 0680.449.654
- VAT number
- BE 0680.449.654
- Registered office
- Beneluxpark(Kor) 29 bus 21, 8500 Kortrijk
- Names & denominations
- ART OF BUILDING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 2017
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Ontwikkeling van niet-residentiële bouwprojecten