NORMAL SITUATION

State of Art Store BE four

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Company — Normal situation.

Financial year 2021 · Closed on 31/12/2021

Net result27,5 k €+2 435,2 %over 1 year
Gross margin119 k €+78,6 %over 1 year
Equity49 k €+127,8 %over 1 year
Workforce2,3 ETP+9,5 %over 1 year

Identity

Source · BCE/KBO

State of Art Store BE four is a company registered in Belgium. It employs on average 2,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0505.846.486
Legal form
Private company with limited liability
Contributed capital
20 000,00 €
Latest accounts
31/12/2021
Average workforce
2,3 ETP
Joint committees (1)
  • 201
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 7 filings

Trend over 7 financial years

20212020201920182017
Income statement
Gross margin119 k €66,7 k €96,6 k €76,6 k €25 k €
EBITDA30 k €3,5 k €4,2 k €18,1 k €853,4 €
Operating result30 k €3,5 k €4,2 k €18,1 k €853,4 €
Net result27,5 k €1,1 k €143,1 €14,4 k €–
Balance sheet
Equity49 k €21,5 k €20,4 k €20,3 k €5,9 k €
Total assets146,8 k €246,1 k €195,3 k €262,3 k €205,8 k €
Cash141,7 k €50,2 k €70,8 k €66,9 k €32,5 k €
Debts92,7 k €219,7 k €170,3 k €236,1 k €194,1 k €
Other
Workforce2,3 ETP2,1 ETP2,1 ETP1,4 ETP1,9 ETP

Board of directors

Source · NBB, accounts to 31/12/2021

2 active · 13 ended

Active mandates

STATE OF ART BELGIUM

Director · 0466.554.261

Represented by Kristof Baeten

Active
State of Art International BV

Director

Represented by Martijn Mateman

Active

Ended mandates

State of Art International BV

Director · since 30 mai 2020

Represented by Martijn Mateman

Ended
State of Art Retail Belgium

Director · since 30 mai 2020 · 0831.990.180

Represented by Kristof Baeten

Ended
State of Art Retail Belgium

Director · since 28 octobre 2018 · until 30 mai 2020 · 0831.990.180

Represented by Johannes Kuijf

Ended
State of Art Retail Belgium

Director · since 28 octobre 2018 · 0831.990.180

Represented by JOHANNES KUIJF

Ended

Full financial information

Source · NBB
202120202019201820172016
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelFull model
Start of the financial year01/01/202101/01/202001/01/201901/01/201801/01/201701/01/2016
Closing of the financial year31/12/202131/12/202031/12/201931/12/201831/12/201731/12/2016
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/06/202214/06/202102/07/202007/06/201921/06/201815/06/2017
General meeting30/05/202231/05/202130/05/202031/05/201930/05/201830/05/2017
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, 7 filings
ModelClosingGeneral meetingFiledLanguageDocument
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

Indicative valuation

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.

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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 31/12/2021

2 active · 13 ended

Active mandates

STATE OF ART BELGIUM

Director · 0466.554.261

Represented by Kristof Baeten

Active
State of Art International BV

Director

Represented by Martijn Mateman

Active

Ended mandates

State of Art International BV

Director · since 30 mai 2020

Represented by Martijn Mateman

Ended
State of Art Retail Belgium

Director · since 30 mai 2020 · 0831.990.180

Represented by Kristof Baeten

Ended
State of Art Retail Belgium

Director · since 28 octobre 2018 · until 30 mai 2020 · 0831.990.180

Represented by Johannes Kuijf

Ended
State of Art Retail Belgium

Director · since 28 octobre 2018 · 0831.990.180

Represented by JOHANNES KUIJF

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Dissolution03/03/2022
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring18/11/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates07/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/06/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/11/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office02/02/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other03/12/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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

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Timeline

  1. 2021
    Annual accounts 202127,5 k €↑
  2. 2020
    Annual accounts 20201,1 k €↑
  3. 2019
    Annual accounts 2019143,1 €↓
  4. 2018
    Annual accounts 201814,4 k €↑
  5. 2017
    Annual accounts 2017
  6. 2016
    Annual accounts 2016-6,1 k €↑
  7. 2015
    Annual accounts 2015-8 k €