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 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARTS 21 from Ukkel, company number BE0788455491, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year ARTS 21 recorded a gross margin of € -95,040 and equity of € -559,766. Compared with financial year 2024, the result moved from € -34,458 to € -1.5 million. 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 June 18, 2026.
€ -559,766
▼ € 1.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ 4374 % more loss than in 2024
Profit after tax over the fiscal year.
€ 785,524
▲ 120% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.4 million.
Debts at end 2025
€ 16 million
▲ 28% vs 2024
Loans from banks and other lenders, long and short.
€ 720,296
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 42,307
▲ 5% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 1,860,168 | € 1,818,357 | € -95,040 | ▼ € 1.9 million |
| Profit after taxes | € -783,734 | € -34,458 | € -1,541,574 | ▼ € 1.5 million |
| Equity | € 1,016,266 | € 981,808 | € -559,766 | ▼ € 1.5 million |
| Total debts | € 14,284,432 | € 13,954,541 | € 16,756,060 | ▲ 20% |
| Cash | € 148,722 | € 357,247 | € 785,524 | ▲ 120% |
| Land & buildings | € 15,004,862 | € 14,529,909 | € 15,326,499 | ▲ 5% |
| Retained profit | € -783,734 | € -818,192 | € -2,359,766 | ▼ € 1.5 million |
| Bank debt | € 13,172,043 | € 12,455,157 | € 15,973,689 | ▲ 28% |
| Balance sheet total | € 15,300,698 | € 14,936,349 | € 16,196,294 | ▲ 8% |
Key figures of ARTS 21, fiscal years 2023 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 ARTS 21?
What happened at ARTS 21 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.5 million. Source: NBB ↗
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
- Maurice de Montjoye became a director. NBB
- Anne-Catherine Galetic became a director. NBB
In short
From € 783,734 loss in 2023 to € 1.5 million loss in 2025.
Management
Behind ARTS 21 are Maurice de Montjoye and Anne-Catherine Galetic. Anne-Catherine Galetic is also behind IMMO HANKAR, J.P.M. EUROPE, GALIKA DEVELOPMENT, IMMOBILIERE DMG and GALIKA-LANDELL.
Directors
According to the 2025 annual accounts
Maurice de Montjoye
Administrator-manager
since 2022
Anne-Catherine Galetic
Administrator-manager
Also active at: IMMO HANKAR, J.P.M. EUROPE, GALIKA DEVELOPMENT, IMMOBILIERE DMG, GALIKA-LANDELL, EMAMA, Science 41
since 2022
Establishments
Establishment units
Physical locations of this company
Joseph Bensstraat 76
1180 Ukkel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →IMMO HANKAR same network
€ 137,561 gross margin · 2025
J.P.M. EUROPE same network
€ 180,366 gross margin · 2025
GALIKA DEVELOPMENT same network
€ 62,106 gross margin · 2024
IMMOBILIERE DMG same network
€ -3,046 gross margin · 2025
GALIKA-LANDELL same network
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0788.455.491
- VAT number
- BE 0788.455.491
- Registered office
- Joseph Bensstraat 76, 1180 Ukkel
- Names & denominations
- ARTS 21
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 July 2022
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
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