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 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ART EXPLORER from Keerbergen, company number BE0755349886, closed financial year 2025 with a result of € 14,558 after tax. For that financial year ART EXPLORER recorded a gross margin of € 90,067 and equity of € -695,227. Compared with financial year 2024, the result moved from € -327,415 to € 14,558. Profitable, and profit is growing. 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 23, 2026.
€ -695,227
▲ € 14,558 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,558
▲ still € 327,415 loss in 2024
Profit after tax over the fiscal year.
€ 6,669
▲ 54% 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 € -745,227.
People and assets in 2025
€ 409
▼ 99% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,878
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.9 million
▼ 20% vs 2024
€ 418,130 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 81,411
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 467
▼ 50% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -40,732 | € -242,784 | € -213,634 | € 90,067 | ▲ € 303,701 |
| Profit after taxes | € -42,238 | € -365,194 | € -327,415 | € 14,558 | ▲ € 341,973 |
| Equity | € -17,176 | € -382,370 | € -709,785 | € -695,227 | ▲ € 14,558 |
| Total debts | € 1,882,746 | € 4,057,154 | € 2,958,524 | € 2,641,174 | ▼ 11% |
| Cash | € 14,670 | € 6 | € 4,317 | € 6,669 | ▲ 54% |
| Retained profit | € -67,176 | € -432,370 | € -759,785 | € -745,227 | ▲ € 14,558 |
| Bank debt | € 250,000 | € 2,267,000 | € 2,374,451 | € 1,897,617 | ▼ 20% |
| Balance sheet total | € 1,865,570 | € 3,674,784 | € 2,248,739 | € 1,945,946 | ▼ 13% |
| Employees (FTE) | - | 1.8 | - | - |
Key figures of ART EXPLORER, 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 EXPLORER?
What happened at ART EXPLORER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 14,558. Source: NBB ↗
- Start of the company according to the CBE. KBO
- Karin ABRAHAMS became a director. NBB
- Marc NOËL became a director. NBB
In short
From € 42,238 loss in 2022 to € 14,558 profit in 2025.
Best year ever: 2025, with € 14,558 profit.
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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 EXPLORER are Karin ABRAHAMS and Marc NOËL. The same people are also behind Artem Illuminare. Karin ABRAHAMS is also behind FLEURY REAL ESTATE.
Directors
According to the 2025 annual accounts
since 2020
since 2020
Establishments
Establishment units
Physical locations of this company
Karkietweg 15
3140 Keerbergen
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
- 0755.349.886
- VAT number
- BE 0755.349.886
- Registered office
- Karkietweg 15, 3140 Keerbergen
- Names & denominations
- ART EXPLORER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 2020
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
Hotels en dergelijke accommodatie
Activiteiten van eetgelegenheden met volledige bediening
Organisatie van congressen en beurzen
Eetgelegenheden met volledige bediening