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 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2023; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 2.5 to 0.5.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Artist Production Services from Scherpenheuvel-Zichem, company number BE0826078823, closed financial year 2023 with a result of € -520,916 after tax. For that financial year Artist Production Services recorded a gross margin of € -470,692 and equity of € -447,925. Compared with financial year 2022, the result moved from € 842,202 to € -520,916. 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 February 28, 2024.
€ -447,925
▼ € 520,916 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -520,916
▼ still € 842,202 profit in 2022
Profit after tax over the fiscal year.
€ 126,000
▼ 78% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -510,425.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 11,612
▼ 26% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2023
€ 127,500
▼ 15% vs 2022
€ 30,000 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 90,786
▲ 97% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 1,880
▲ 175% vs 2022
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € -645,373 | € 896,231 | € -470,692 | ▼ € 1.4 million |
| Profit after taxes | € -829,156 | € 842,202 | € -520,916 | ▼ € 1.4 million |
| Equity | € -454,211 | € 72,991 | € -447,925 | ▼ € 520,916 |
| Total debts | € 1,164,870 | € 972,776 | € 681,078 | ▼ 30% |
| Cash | € 441,003 | € 561,128 | € 126,000 | ▼ 78% |
| Retained profit | € -516,711 | € 10,491 | € -510,425 | ▼ € 520,916 |
| Dividend | € 0 | € 315,000 | € 0 | ▼ 100% |
| Bank debt | € 37,137 | € 150,000 | € 127,500 | ▼ 15% |
| Balance sheet total | € 710,659 | € 1,045,767 | € 248,359 | ▼ 76% |
| Employees (FTE) | 2.5 | 2 | 0.5 | ▼ 1.5 |
Key figures of Artist Production Services, 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 30 April 2025.
What happened to Artist Production Services?
What happened at Artist Production Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Artist Production Services is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 520,916 (▼ € 1.4 million vs 2022). Source: NBB ↗
- CHRISTIAN LEMMENS became a director. NBB
- IVES MERGAERTS stepped down as director. NBB
- New establishment in Scherpenheuvel-Zichem. KBO
- Start of the company according to the CBE. KBO
In short
From € 829,156 loss in 2021 to € 520,916 loss in 2023.
Best year ever: 2022, with € 842,202 profit.
On average € 448,100 of value added per employee in 2022.
Paid out € 315,000 in dividends to the owners in total.
Management
The stake of The Production Office comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Artist Production ServicesBehind Artist Production Services is CHRISTIAN LEMMENS. The shares are held by The Production Office (80%).
Directors
According to the 2023 annual accounts
CHRISTIAN LEMMENS
Director
since 2023
IVES MERGAERTS
Director
· until 2022
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Klottebergstraat(Z) 27
3271 Scherpenheuvel-Zichem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0826.078.823
- VAT number
- BE 0826.078.823
- Registered office
- Klottebergstraat(Z) 27, 3271 Scherpenheuvel-Zichem
- Names & denominations
- Artist Production Services · A.P.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 20 May 2010
- Peppol
- Not registered
- Activities · NACE
Groothandel in verlichtingsapparatuur
Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg
Maken van geluidsopnamen
Detailhandel in verlichtingsartikelen
Reparatie en onderhoud van consumentenartikelen, neg
Gespecialiseerde beeld-, verlichtings- en geluidstechnieken
Vermogensbeheer
Detailhandel in verlichtingsartikelen in gespecialiseerde winkels
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