ACTIVE

STATE OF ART BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result3,4 k €-92,2 %over 1 year
Gross margin742,8 k €+2,1 %over 1 year
Equity559,9 k €+0,6 %over 1 year
Workforce8,2 ETP+20,6 %over 1 year

Identity

Source · BCE/KBO

STATE OF ART BELGIUM is a Public limited company incorporated in 1999. Its registered office is in Antwerpen. It employs on average 8,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0466.554.261
Incorporation
15/07/1999
Legal form
Public limited company
Registered office
Napoleonkaai 7 box 0.02
2000 Antwerpen · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
8,2 ETP
Joint committees (2)
  • 109
  • 215
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin742,8 k €727,3 k €748,3 k €841 k €735,5 k €
EBITDA65,6 k €103,6 k €171,6 k €201,1 k €286,4 k €
Operating result32,6 k €76,8 k €127,1 k €53,1 k €128,2 k €
Net result3,4 k €44 k €83,8 k €25,4 k €83 k €
Balance sheet
Equity559,9 k €556,4 k €512,5 k €428,7 k €403,2 k €
Total assets665,5 k €794,6 k €732,5 k €1,4 M €2,2 M €
Cash25,6 k €14,9 k €52,6 k €10,4 k €312,2 k €
Debts98,4 k €187,5 k €214 k €944,2 k €1,8 M €
Other
Workforce8,2 ETP6,8 ETP7,6 ETP8,1 ETP6,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 20 ended

Active mandates

BAETEN Project Management

Director · since 22 décembre 2023 · until 22 décembre 2029 · 0732.583.887

Represented by Kristo Baeten

Active
State of Art International BV

Director · since 22 décembre 2023 · until 22 décembre 2029

Represented by Martijn Mateman

Active

Ended mandates

BAETEN Project Management

Director · since 30 mai 2020 · until 30 mai 2026 · 0732.583.887

Represented by Kristof Baeten

Ended
BAETEN Project Management

Director · since 30 mai 2020 · until 30 mai 2026 · 0732.583.887

Represented by KRISTOF BAETEN

Ended
State of Art International BV

Director · since 30 mai 2020 · until 30 mai 2026

Represented by MARTIJN MATEMAN

Ended
STATE OF ART INTERNATIONAL BV

Director · since 30 mai 2020 · until 30 mai 2026

Represented by MARTIJN MATEMAN

Ended

Other companies at this address

Napoleonkaai 7 2000 Antwerpen
CompanyCBE no.
A&O LOGISTICS & CLEANING● Bankrupt
0755.533.493
DR. DEWACHTER P. MBV● Active
0686.756.535
State of Art Department Store● Active
0643.965.974
State of Art Retail Belgium● Active
0831.990.180

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/06/202602/06/202521/06/202422/06/202328/06/202214/06/2021
General meeting30/05/202630/05/202530/05/202430/05/202330/05/202231/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/05/202602/06/2026DutchPDF
Abridged model31/12/202430/05/202502/06/2025DutchPDF
Abridged model31/12/202330/05/202421/06/2024DutchPDF
Abridged model31/12/202230/05/202322/06/2023DutchPDF
Abridged model31/12/202130/05/202228/06/2022DutchPDF
Abridged model31/12/202031/05/202114/06/2021DutchPDF
Abridged model31/12/201930/05/202002/07/2020DutchPDF
Abridged model31/12/201831/05/201907/06/2019DutchPDF
Abridged model31/12/201730/05/201821/06/2018DutchPDF
Full model31/12/201630/05/201715/06/2017DutchPDF
Full model31/12/201530/05/201614/06/2016DutchPDF
Full model31/12/201430/05/201530/06/2015DutchPDF
Full model31/12/201330/05/201413/06/2014DutchPDF
Full model31/12/201230/05/201310/06/2013DutchPDF
Full model31/12/201130/05/201231/05/2012DutchPDF
Full model31/12/201030/05/201109/06/2011DutchPDF
Full model31/12/200931/05/201011/06/2010DutchPDF
Full model31/12/200830/05/200926/08/2009DutchPDF
Full model31/12/200730/05/200822/08/2008DutchPDF
Full model31/12/200630/05/200730/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 20 ended

Active mandates

BAETEN Project Management

Director · since 22 décembre 2023 · until 22 décembre 2029 · 0732.583.887

Represented by Kristo Baeten

Active
State of Art International BV

Director · since 22 décembre 2023 · until 22 décembre 2029

Represented by Martijn Mateman

Active

Ended mandates

BAETEN Project Management

Director · since 30 mai 2020 · until 30 mai 2026 · 0732.583.887

Represented by Kristof Baeten

Ended
BAETEN Project Management

Director · since 30 mai 2020 · until 30 mai 2026 · 0732.583.887

Represented by KRISTOF BAETEN

Ended
State of Art International BV

Director · since 30 mai 2020 · until 30 mai 2026

Represented by MARTIJN MATEMAN

Ended
STATE OF ART INTERNATIONAL BV

Director · since 30 mai 2020 · until 30 mai 2026

Represented by MARTIJN MATEMAN

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other23/09/2026
    —
    PDF
  • Mandates28/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/06/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/11/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office02/02/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates28/11/2017
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20253,4 k €↓
  2. 2024
    Annual accounts 202444 k €↓
  3. 2023
    Annual accounts 202383,8 k €↑
  4. 2022
    Annual accounts 202225,4 k €↓
  5. 2021
    Annual accounts 202183 k €↑
  6. 2020
    Annual accounts 202036,2 k €↑
  7. 2019
    Annual accounts 2019-111 k €↓
  8. 2018
    Annual accounts 2018-23,3 k €↓
  9. 2017
    Annual accounts 2017-3,7 k €↓
  10. 2016
    Annual accounts 201622,1 k €↓
  11. 2015
    Annual accounts 201561,2 k €↓
  12. 2014
    Annual accounts 2014213,2 k €↑
  13. 2013
    Annual accounts 2013211,6 k €↑
  14. 2012
    Annual accounts 2012179,3 k €↓
  15. 2011
    Annual accounts 2011187,6 k €↑
  16. 2010
    Annual accounts 2010154,5 k €↓
  17. 2009
    Annual accounts 2009199,6 k €↑
  18. 2008
    Annual accounts 2008193,2 k €↑
  19. 2007
    Annual accounts 2007160,6 k €↓
  20. 2006
    Annual accounts 2006162,3 k €
  21. 15/07/1999
    IncorporationPublic limited company