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 3 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STATE OF ART from Ronse, company number BE0741524814, closed financial year 2025 with a result of € -11,970 after tax. For that financial year STATE OF ART recorded a gross margin of € 15,452 and equity of € -11,810. Compared with financial year 2024, the result moved from € 4,390 to € -11,970. 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 July 6, 2026.
€ -11,810
▼ € 11,970 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,970
▼ still € 4,390 profit in 2024
Profit after tax over the fiscal year.
€ 4
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -14,810.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 20,942
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 34,466
▲ € 30,568 vs 2024
€ 6,954 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 15,744
▼ 75% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,695
▲ 242% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 31,083 | € 49,446 | € 10,392 | € 15,452 | ▲ 49% |
| Profit after taxes | € -51,871 | € 46,670 | € 4,390 | € -11,970 | ▼ € 16,360 |
| Equity | € -50,900 | € -4,231 | € 159 | € -11,810 | ▼ € 11,970 |
| Total debts | € 109,616 | € 54,820 | € 82,227 | € 220,270 | ▲ 168% |
| Cash | € 1,365 | € 0 | - | € 4 | |
| Retained profit | € -53,900 | € -7,231 | € -2,841 | € -14,810 | ▼ € 11,970 |
| Bank debt | € 0 | € 1,040 | € 3,897 | € 34,466 | ▲ € 30,568 |
| Balance sheet total | € 58,716 | € 50,590 | € 82,386 | € 208,459 | ▲ 153% |
Key figures of STATE OF ART, 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 STATE OF ART?
What happened at STATE OF ART in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,970 (▼ € 16,360 vs 2024). Source: NBB ↗
- New establishment in Ronse. KBO
- Jorre Verhellen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 51,872 loss in 2022 to € 11,970 loss in 2025.
Paid € 2,003 in corporate taxes since 2022.
Best year ever: 2023, with € 46,670 profit.
Management
Behind STATE OF ART is Jorre Verhellen. It owns 100% of Group Verhellen itself.
Directors
According to the 2025 annual accounts
since 2020
Establishments
Establishment units
Physical locations of this company
Nieuwe Pontstraat 27
9600 Ronse
Nieuwe Pontstraat 27 box 0
9600 Ronse
Active since 14 January 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0741.524.814
- VAT number
- BE 0741.524.814
- Registered office
- Nieuwe Pontstraat 27, 9600 Ronse
- Names & denominations
- STATE OF ART
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 January 2020
- Peppol
- Active · Active since 31 Oct 2023
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