Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 2.8 to 2.
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Busy address KBO
39 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
WH ARTS 20 from Brussel, company number BE0882868957, closed financial year 2025 with a result of € -305,750 after tax. For that financial year WH ARTS 20 recorded a gross margin of € 2 million and equity of € 5 million. Compared with financial year 2024, the result moved from € -832,195 to € -305,750. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 5 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -305,750
▲ 63 % less loss than in 2024
Profit after tax over the fiscal year.
€ 655,752
▲ 146% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -15.9 million.
People and assets in 2025
2
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 158,922
▼ 31% vs 2024
€ 79,500 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.
€ 715,866
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8.6 million
Loans from banks and other lenders, long and short.
€ 42,635
▼ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,106
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,254,463 | € 1,765,258 | € 1,777,911 | € 1,961,639 | ▲ 10% |
| Profit after taxes | € -493,706 | € -400,905 | € -832,195 | € -305,750 | ▲ € 526,445 |
| Equity | € 6,511,138 | € 6,110,233 | € 5,278,038 | € 4,972,289 | ▼ 6% |
| Total debts | € 22,664,957 | € 22,860,562 | € 22,577,066 | € 22,612,925 | |
| Cash | € 454,237 | € 533,226 | € 266,411 | € 655,752 | ▲ 146% |
| Land & buildings | € 27,474,529 | € 27,108,244 | € 26,542,456 | € 26,030,527 | ▼ 2% |
| Retained profit | € -14,358,862 | € -14,759,767 | € -15,591,962 | € -15,897,711 | ▼ € 305,750 |
| Bank debt | € 5,647,060 | € 13,894,120 | € 8,600,000 | € 8,600,000 | |
| Balance sheet total | € 29,455,200 | € 28,970,795 | € 27,855,105 | € 27,585,213 | ▼ 1% |
| Employees (FTE) | 2.9 | 2.8 | 2.7 | 2 | ▼ 0.7 |
Key figures of WH ARTS 20, 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 WH ARTS 20?
What happened at WH ARTS 20 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marc Jonckheere stepped down as director. NBB
- Niko DEMEESTER stepped down as director. NBB
- Karl Neyrinck stepped down as director. NBB
- Eddy VANDEZANDE stepped down as director. NBB
- Thomas SCORIER stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 305,750. Source: NBB ↗
- Colette Golinvaux stepped down as director. NBB
- Françoise BELFROID stepped down as director. NBB
In short
From € 493,706 loss in 2022 to € 305,750 loss in 2025.
Paid € 17 in corporate taxes since 2022.
On average € 980,800 of value added per employee in 2025.
A new publication or filing at WH ARTS 20? We notify you, reason included.
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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
The shares are held by Patronale Dienst Voor Organisatie En Kontrole Van De Bestaanzekerheidsstelsels VZW - PDOK (46.5%), Nationale Patroonskas Voor Het Betaald Verlof In De Bouwbedr VZW (46.5%), EMBUILD VZW (4%) and Federatie van Algemene Bouwaannemers (3%).
Directors
According to the 2025 annual accounts
since 2024 · until 2027
Eddy VANDEZANDE
Director
Also active at: GROUP S - SECRETARIAT SOCIAL, SECRETARIAT SOCIAL AGREE D'EMPLOYEURS, GROUP S - OFFICE PATRONAL DE COMPENSATION - GROUP S - PATRONALE KOMPENSATIEDIENST, Group S-Caisse d'assurances sociales pour indépendants a.s.b.l, CAISSE NATIONALE PATRONALE POUR LES CONGES PAYES DANS L'INDUSTRIE DU BATIMENT ET DES TRAVAUX PUBLICS NATIONALE PATROONSKAS VOOR HET BETAALD VERLOF IN DE BOUWBE, GROUP S, GROUP S - GUICHET D'ENTREPRISE, NOBISplus, Halulen
since 2024 · until 2027
since 2024 · until 2027
Thomas SCORIER
Director
since 2024 · until 2027
Colette Golinvaux
Director
Also active at: GROUP S - SECRETARIAT SOCIAL, SECRETARIAT SOCIAL AGREE D'EMPLOYEURS, Group S-Caisse d'assurances sociales pour indépendants a.s.b.l, CAISSE NATIONALE PATRONALE POUR LES CONGES PAYES DANS L'INDUSTRIE DU BATIMENT ET DES TRAVAUX PUBLICS NATIONALE PATROONSKAS VOOR HET BETAALD VERLOF IN DE BOUWBE, AKT - CCI Luxembourg Belge, GOLINVAUX, GROUP S, IMMO CORETTES, IMMAGEST
since 2020 · until 2026
Françoise BELFROID
Director
since 2023 · until 2026
since 2024 · until 2027
Thierry MERCHIERS
Director
since 2022 · until 2026
since 2020 · until 2026
Philippe GILLION
Director
Also active at: PARMENTIER DEVELOPMENT, MACAN.GROUP, EUROPEAN AIRCRAFT PRIVATE CLUB, Pilatus Three, PHG ASSET MANAGEMENT
since 2022 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kunstlaan 20
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 39 companies are registered at this address.
All companies at this address →EMBUILD same network
€ 8 million revenue · 2025
Fond du bien-être indigène
EMBUILD PEINTRES BELGES
EMBUILD PLUS
FEDERATION DE L'INDUSTRIE CIMENTIERE BELGE - FEDERATIE VAN DE B BELGISCHE CEMENTNIJVERHEID
€ 795,771 gross margin · 2025
+34 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0882.868.957
- VAT number
- BE 0882.868.957
- Registered office
- Kunstlaan 20, 1000 Brussel
- Names & denominations
- WH ARTS 20
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 2006
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Handel in eigen onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis