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 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THE ARTIST from Elsene, company number BE0700349007, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year THE ARTIST recorded a gross margin of € -4,458 and equity of € 3.9 million. Compared with financial year 2024, the result moved from € 5.5 million to € 1.1 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 3.9 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▼ 80% vs 2024
Profit after tax over the fiscal year.
€ 256,074
Cash and bank balances on the last day of the fiscal year.
€ 1.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 217,625
Loans from banks and other lenders, long and short.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | - | € -24,592 | € -92,209 | € -4,458 | ▲ € 87,751 |
| Profit after taxes | € 12,077,334 | € 5,288,497 | € 5,530,713 | € 1,133,292 | ▼ 80% |
| Equity | € 4,052,215 | € 4,140,712 | € 4,271,425 | € 3,928,880 | ▼ 8% |
| Total debts | € 4,817 | € 9,576 | € 4,322 | € 1,693,462 | ▲ € 1.7 million |
| Cash | € 536,222 | € 29,349 | € 256,643 | € 256,074 | |
| Retained profit | € 480,506 | € 569,003 | € 699,716 | € 357,171 | ▼ 49% |
| Dividend | € 11,500,000 | € 5,200,000 | € 5,400,000 | € 1,475,837 | ▼ 73% |
| Bank debt | € 0 | € 0 | € 0 | € 217,625 | |
| Balance sheet total | € 4,057,032 | € 4,150,287 | € 4,275,747 | € 5,622,342 | ▲ 31% |
Key figures of THE ARTIST, 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 THE ARTIST?
What happened at THE ARTIST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- E-STATE SRL stepped down as director. NBB
- NICOLAS ORTS SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.1 million (▼ 80% vs 2024). Source: NBB ↗
- ZOU2 SRL stepped down as director. NBB
- E-STATE SRL became a director. NBB
- ZOU2 SRL became a director. NBB
- NICOLAS ORTS SRL became a director. NBB
- New establishment in Elsene. KBO
In short
From € 12.1 million profit in 2022 to € 1.1 million profit in 2025.
Paid € 5,112 in corporate taxes since 2022.
Best year ever: 2022, with € 12.1 million profit.
Paid out € 23.6 million 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
The shares are held by EAGLESTONE INVEST SA (85%) and FEDERALE REAL ESTATE SA (15%). It owns 100% of The Black Door itself.
Directors
According to the 2025 annual accounts
Director · represented by GAETAN CLERMONT
Also active at: La Tourmaline, ELYX, Eaglestone Services, FONCIERE DU SOUVERAIN, VIC-WIN, HAMOIR 14, BEMAP IMMO, D-IMMO +32 more
since 2022 · until 2028
Director · represented by Sophie LAMBRIGHS
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, La Tourmaline, ELYX, Eaglestone Services, FONCIERE DU SOUVERAIN, VIC-WIN, HAMOIR 14, BEMAP IMMO +34 more
since 2022 · until 2025
Director · represented by Nicolas ORTS
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, La Tourmaline, ELYX, Eaglestone Services, FONCIERE DU SOUVERAIN, VIC-WIN, HAMOIR 14, BEMAP IMMO +30 more
since 2022 · until 2028
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Louizalaan 480
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0700.349.007
- VAT number
- BE 0700.349.007
- Registered office
- Louizalaan 480, 1050 Elsene
- Names & denominations
- THE ARTIST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 July 2018
- Peppol
- Active · Active since 12 Dec 2025