Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 243 days after the legal deadline.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Art Salvage Belgium from Malle, company number BE0685533246, closed financial year 2024 with a result of € -24,005 after tax. For that financial year Art Salvage Belgium recorded a gross margin of € 128,590 and equity of € -43,066. Compared with financial year 2023, the result moved from € -39,118 to € -24,005. 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 March 31, 2026.
€ -43,066
▼ € 24,005 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,005
▲ 39 % less loss than in 2023
Profit after tax over the fiscal year.
€ 3,408
▼ 82% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -49,266.
People and assets in 2024
€ 126,815
▼ 32% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 7,153
▼ 35% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 46,872
▼ 32% vs 2023
€ 10,017 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 26,480
▼ 50% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 179,715 | € 194,519 | € 178,448 | € 128,590 | ▼ 28% |
| Profit after taxes | € 24,765 | € 13,857 | € -39,118 | € -24,005 | ▲ € 15,113 |
| Equity | € 6,200 | € 20,057 | € -19,061 | € -43,066 | ▼ € 24,005 |
| Total debts | € 179,325 | € 175,370 | € 150,243 | € 116,463 | ▼ 22% |
| Cash | € 73,748 | € 57,646 | € 18,533 | € 3,408 | ▼ 82% |
| Land & buildings | € 687 | € 50,131 | € 43,438 | € 36,317 | ▼ 16% |
| Retained profit | € 0 | € 13,857 | € -25,261 | € -49,266 | ▼ € 24,005 |
| Dividend | € 14,266 | € 0 | € 0 | € 0 | |
| Bank debt | € 28,316 | € 49,511 | € 68,963 | € 46,872 | ▼ 32% |
| Balance sheet total | € 185,525 | € 195,427 | € 131,182 | € 73,397 | ▼ 44% |
Key figures of Art Salvage Belgium, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Art Salvage Belgium?
What happened at Art Salvage Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 24,005. filed late Source: NBB ↗
- New establishment in Malle. KBO
- Start of the company according to the CBE. KBO
In short
From € 24,765 profit in 2021 to € 24,005 loss in 2024.
Paid € 10,327 in corporate taxes since 2021.
Best year ever: 2021, with € 24,765 profit.
Paid out € 14,266 in dividends to the owners in total.
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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 Art Salvage Belgium are Fidelio Management Comm.V and Holding LVT BV. The same people are also behind INFRALIER. Fidelio Management Comm.V is also behind KONINKLIJKE LIERSE SPORTKRING. Holding LVT BV is also behind ALGEMENE AANNEMING ANTWERPEN THERMAC, REBUS, ROBOTLAND, Jabbedabbedoe and Boost-it-up.
Directors
According to the 2024 annual accounts
Director · represented by Yorik Torreele
Also active at: INFRALIER, KONINKLIJKE LIERSE SPORTKRING
Director · represented by Luc Van Thillo
Also active at: ALGEMENE AANNEMING ANTWERPEN THERMAC, REBUS, INFRALIER, ROBOTLAND, Jabbedabbedoe, Boost-it-up, CX Essen, Comedy Communication Media.be +1 more
Establishments
Establishment units
Physical locations of this company
Steenovenstraat 2 box UNIT N8
2390 Malle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Glaswerken De Smet Erwin
€ 594,497 gross margin · 2025
HET ANKER RENTING
€ 89,791 gross margin · 2025
MERTENS VLOERWERKEN
€ 324,857 gross margin · 2024
ICARE4-FOOD
€ 1.4 million gross margin · 2025
ARVUM
€ -832 gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0685.533.246
- VAT number
- BE 0685.533.246
- Registered office
- Steenovenstraat 2 bus UNIT N8, 2390 Malle
- Names & denominations
- Art Salvage Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2017
- Peppol
- Active · Active since 29 Nov 2024
- Contact
- weconserve.be
- Activities · NACE
Literaire creatie
Scheppende kunsten, m.u.v. ondersteunende diensten