Financials
Financial year 2025
State of Art Retail Belgium from Antwerpen, company number BE0831990180, closed financial year 2025 with a result of € 80,869 after tax. For that financial year State of Art Retail Belgium recorded a gross margin of € 2.5 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 73,904 to € 80,869. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ 1.1 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 80,869
▲ 9% vs 2024
Profit after tax over the fiscal year.
€ 109,968
▼ 32% 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 € 1.1 million.
People and assets in 2025
38.7
▲ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▲ 7% vs 2024
€ 49,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 702
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.5 million
▲ 109% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 403,993
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,064,714 | € 2,304,705 | € 2,315,808 | € 2,450,715 | ▲ 6% |
| Profit after taxes | € 101,872 | € 29,706 | € 73,904 | € 80,869 | ▲ 9% |
| Equity | € 927,837 | € 957,543 | € 1,031,447 | € 1,112,316 | ▲ 8% |
| Total debts | € 2,336,602 | € 1,609,562 | € 1,202,929 | € 1,976,934 | ▲ 64% |
| Cash | € 526,587 | € 544,408 | € 160,636 | € 109,968 | ▼ 32% |
| Retained profit | € 907,837 | € 937,543 | € 1,011,447 | € 1,092,316 | ▲ 8% |
| Balance sheet total | € 3,264,439 | € 2,567,105 | € 2,234,376 | € 3,089,251 | ▲ 38% |
| Employees (FTE) | 33.8 | 37.9 | 37.1 | 38.7 | ▲ 1.6 |
Key figures of State of Art Retail Belgium, 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 State of Art Retail Belgium?
What happened at State of Art Retail Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 80,869 (▲ 9% vs 2024). Source: NBB ↗
- New establishment in Roeselare. KBO
- New establishment in Kortrijk. KBO
- New establishment in Liège. KBO
- New establishment in Wijnegem. KBO
- New establishment in Knokke-Heist. KBO
- New establishment in Namur. KBO
- New establishment in Brugge. KBO
In short
From € 101,872 profit in 2022 to € 80,869 profit in 2025.
Paid € 90,876 in corporate taxes since 2022.
Best year ever: 2022, with € 101,872 profit.
On average € 63,300 of value added per employee in 2025.
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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 State of Art Retail Belgium are State of Art International BV and State of Art Belgium NV. The shares are held by STATE OF ART BELGIUM NV (100%). It owns 100% of STATE OF ART DEPARTMENT STORE BE itself.
Directors
According to the 2025 annual accounts
Director · represented by Martijn Mateman
Also active at: STATE OF ART BELGIUM, State of Art Department Store
Director · represented by Kristof Baeten
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Napoleonkaai 7 box 0.02
2000 Antwerpen
Turnhoutsebaan 5
2110 Wijnegem
Active since 1 January 2022
Lippenslaan 266
8300 Knokke-Heist
Active since 1 January 2022
Rue de la Croix 33
5000 Namur
Active since 1 January 2022
Zilverpand 3
8000 Brugge
Active since 1 January 2022
Huidevettersstraat 57
2000 Antwerpen
Active since 1 January 2022
IJzerenleen 32-34
2800 Mechelen
Active since 1 January 2022
Quai des Vennes 1
4020 Liège
Active since 1 September 2022
Lange Steenstraat(Kor) 8
8500 Kortrijk
Active since 1 October 2022
Diestsestraat 81
3000 Leuven
Active since 1 January 2022
Gasthuisstraat 17
2300 Turnhout
Active since 1 January 2022
Albert I laan 177 box B
8620 Nieuwpoort
Active since 1 January 2022
Adolf Buylstraat 39
8400 Oostende
Active since 1 January 2022
Demerstraat 24
3500 Hasselt
Active since 1 January 2022
Route d'Arlon 199
6780 Messancy
Active since 1 January 2022
Kapelstraat 100
9100 Sint-Niklaas
Active since 1 January 2022
Kortedagsteeg 25
9000 Gent
Active since 1 January 2022
Ooststraat 40
8800 Roeselare
Active since 1 March 2026
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
SIMPLYTRANSIT, GB
Domain
Domain
stateofart.com
Registered
1997-02-24
Registrar
Key-Systems GmbH
Expires
2027-02-25
Website info
Features
Security
Details
- Company number
- 0831.990.180
- VAT number
- BE 0831.990.180
- Registered office
- Napoleonkaai 7 bus 0.02, 2000 Antwerpen
- Names & denominations
- State of Art Retail Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 2010
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- stateofart.com
- Activities · NACE
Detailhandel in herenbovenkleding
Activiteiten van holdings
Holdings