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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Art is Life from Gavere, company number BE0685955591, closed financial year 2024 with a result of € -34,781 after tax. For that financial year Art is Life recorded a gross margin of € -17,544 and equity of € -101,307. Compared with financial year 2023, the result moved from € 3,020 to € -34,781. 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 August 26, 2025.
€ -101,307
▼ € 34,781 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,781
▼ still € 3,020 profit in 2023
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -113,707.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 20,472
▲ 5% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 12,883
▲ 165% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1,388
▲ 32% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -7,778 | € -2,043 | € 11,781 | € -17,544 | ▼ € 29,325 |
| Profit after taxes | € -12,273 | € -6,114 | € 3,020 | € -34,781 | ▼ € 37,800 |
| Equity | € -63,432 | € -69,546 | € -66,526 | € -101,307 | ▼ € 34,781 |
| Total debts | € 75,186 | € 80,322 | € 94,592 | € 132,172 | ▲ 40% |
| Cash | € 420 | € 0 | - | - | |
| Retained profit | € -75,832 | € -81,946 | € -78,926 | € -113,707 | ▼ € 34,781 |
| Balance sheet total | € 11,753 | € 10,776 | € 28,066 | € 30,865 | ▲ 10% |
Key figures of Art is Life, 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 is Life?
What happened at Art is Life in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 34,781 (▼ € 37,800 vs 2023). filed late Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,273 loss in 2021 to € 34,781 loss in 2024.
Paid € 126 in corporate taxes since 2021.
Best year ever: 2023, with € 3,020 profit.
Management
Behind Art is Life is Ludo Dobbels.
Directors
According to the 2024 annual accounts
Ludo Dobbels
Director
Establishments
Establishment units
Physical locations of this company
Sint Christianastraat 45
9890 Gavere
Boterhoekstraat 90
9820 Merelbeke-Melle
Active since 15 December 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0685.955.591
- VAT number
- BE 0685.955.591
- Registered office
- Sint Christianastraat 45, 9890 Gavere
- Names & denominations
- Art is Life
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 2017
- Peppol
- Active · Active since 9 Feb 2026
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