Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
d-Art from Grobbendonk, company number BE0867353709, closed financial year 2025 with a result of € 22,632 after tax. For that financial year d-Art recorded a gross margin of € 449,945 and equity of € 226,166. Compared with financial year 2024, the result moved from € 32,640 to € 22,632. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 12, 2026.
€ 226,166
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,632
▼ 31% vs 2024
Profit after tax over the fiscal year.
€ 59,640
▼ 66% 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 € 213,766.
People and assets in 2025
10.6
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 348,016
▲ 25% vs 2024
€ 32,800 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.
€ 9,479
▼ 62% vs 2024
Of which on lease € 4,318.
Debts at end 2025
€ 739,474
▲ 15% vs 2024
€ 31,607 is repaid this year. At this pace the long-term loan is gone in ≈ 23 years.
€ 121,687
▼ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 59,014
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 438,823 | € 441,585 | € 418,635 | € 449,945 | ▲ 7% |
| Profit after taxes | € 18,304 | € 38,538 | € 32,640 | € 22,632 | ▼ 31% |
| Equity | € 132,356 | € 170,894 | € 203,534 | € 226,166 | ▲ 11% |
| Total debts | € 949,215 | € 849,041 | € 949,318 | € 927,753 | ▼ 2% |
| Cash | € 105,426 | € 86,722 | € 175,382 | € 59,640 | ▼ 66% |
| Retained profit | € 119,956 | € 158,494 | € 191,134 | € 213,766 | ▲ 12% |
| Bank debt | € 720,630 | € 660,115 | € 644,147 | € 739,474 | ▲ 15% |
| Balance sheet total | € 1,081,571 | € 1,019,935 | € 1,152,852 | € 1,153,919 | |
| Employees (FTE) | - | 9.1 | 9.5 | 10.6 | ▲ 1.1 |
Key figures of d-Art, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to d-Art?
What happened at d-Art in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,632 (▼ 31% vs 2024). Source: NBB ↗
- Gwen Carsauw became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Grobbendonk. KBO
In short
From € 18,304 profit in 2022 to € 22,632 profit in 2025.
Paid € 70,092 in corporate taxes since 2022.
Best year ever: 2023, with € 38,538 profit.
On average € 42,400 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 d-Art is Gwen Carsauw. The shares are held by Loki and Gwen Carsauw.
Directors
According to the 2025 annual accounts
since 2021
Shareholders
Gwen Carsauw · director
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bannerlaan 40d
2280 Grobbendonk
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
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0867.353.709
- VAT number
- BE 0867.353.709
- Registered office
- Bannerlaan 40d, 2280 Grobbendonk
- Names & denominations
- d-Art
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 September 2004
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- doenya.be
- Activities · NACE
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