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 2 of the last 2 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 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ART-ES from Wavre, company number BE0804237490, closed financial year 2025 with a result of € -20,903 after tax. For that financial year ART-ES recorded a gross margin of € -15,990 and equity of € -37,033. Compared with financial year 2024, the result moved from € -18,130 to € -20,903. 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 September 30, 2026.
€ -37,033
▼ € 20,903 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,903
▼ 15 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,292
▲ € 4,024 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -39,033.
People and assets in 2025
€ 679
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 23,794
▲ 252% vs 2024
Loans from banks and other lenders, long and short.
€ 12,630
▲ € 12,122 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 390
▲ 115% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -9,308 | € -15,990 | ▼ € 6,682 |
| Profit after taxes | € -18,130 | € -20,903 | ▼ € 2,773 |
| Equity | € -16,130 | € -37,033 | ▼ € 20,903 |
| Total debts | € 24,730 | € 58,843 | ▲ 138% |
| Cash | € 267 | € 4,292 | ▲ € 4,024 |
| Retained profit | € -18,130 | € -39,033 | ▼ € 20,903 |
| Bank debt | € 6,762 | € 23,794 | ▲ 252% |
| Balance sheet total | € 8,600 | € 21,809 | ▲ 154% |
Key figures of ART-ES, fiscal years 2024 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-ES?
What happened at ART-ES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 20,903. filed late Source: NBB ↗
- Alfia LOVERDE became a director. NBB
- New establishment in Wavre. KBO
- Ester SPINA became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,130 loss in 2024 to € 20,903 loss in 2025.
Management
Behind ART-ES are Alfia LOVERDE and Ester SPINA. Alfia LOVERDE is also behind ESEAL-MEDICAL.
Directors
According to the 2025 annual accounts
since 2026
Ester SPINA
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Chaussée de Louvain 43 box 1
1300 Wavre
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
- 0804.237.490
- VAT number
- BE 0804.237.490
- Registered office
- Chaussée de Louvain 43 bus 1, 1300 Wavre
- Names & denominations
- ART-ES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 July 2023
- Peppol
- Active · Active since 9 Jan 2026
- Contact
- [email protected] +32471660945
- Activities · NACE
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Schoonheidsverzorging