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 2 of the last 3 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Life-Art from Geel, company number BE0820008997, closed financial year 2023 with a result of € -24,987 after tax. For that financial year Life-Art recorded a gross margin of € -16,931 and equity of € -16,144. Compared with financial year 2022, the result moved from € 22,875 to € -24,987. 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, 2024.
€ -16,144
▼ € 24,987 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,987
▼ still € 22,875 profit in 2022
Profit after tax over the fiscal year.
€ 385
▼ 98% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -34,744.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,393
▼ 44% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 1,305
▼ 22% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 2,700
▲ 5% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 572 | € 28,658 | € -16,931 | ▼ € 45,590 |
| Profit after taxes | € -5,325 | € 22,875 | € -24,987 | ▼ € 47,862 |
| Equity | € -14,032 | € 8,843 | € -16,144 | ▼ € 24,987 |
| Total debts | € 40,702 | € 47,950 | € 29,785 | ▼ 38% |
| Cash | € 2,730 | € 21,294 | € 385 | ▼ 98% |
| Retained profit | € -32,632 | € -9,757 | € -34,744 | ▼ € 24,987 |
| Bank debt | € 2,723 | € 557 | € 0 | ▼ 100% |
| Balance sheet total | € 26,670 | € 56,794 | € 13,642 | ▼ 76% |
Key figures of Life-Art, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Life-Art?
What happened at Life-Art in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Life-Art is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 24,987 (▼ € 47,862 vs 2022). filed late Source: NBB ↗
- New establishment in Geel. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,325 loss in 2021 to € 24,987 loss in 2023.
Best year ever: 2022, with € 22,875 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
Directors
According to the 2023 annual accounts
Frank Verheyen
Director
Establishments
Establishment units
Physical locations of this company
Rozendaal 45 box 1
2440 Geel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0820.008.997
- VAT number
- BE 0820.008.997
- Registered office
- Rozendaal 45 bus 1, 2440 Geel
- Names & denominations
- Life-Art
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 22 October 2009
- Peppol
- Active · Active since 29 Jan 2026
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