ACTIVE

Arts 44

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Financial year 2023 · closed on 31/12/2023
Net result
-2,6 M €
+1.1% YoY
Gross margin
1 M €
+306.7% YoY
Equity
-4,9 M €
-109.1% YoY

What does Arts 44 do?

Arts 44 is a Private limited company incorporated in 2015. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Watermael-Boitsfort.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0634.735.534
Incorporation
30/07/2015
Legal form
Private limited company
Registered office
Boulevard du Souverain 100
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
2 600 000,00 €
Latest accounts
31/12/2023
Activities (NACE)
68201Rental and operating of own or leased real estate· main68201Rental and operating of own or leased real estate
Signals
Good liquidityPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202320222021202020192018201720162015
Income statement
Gross margin1 M €-505,5 k €-89,1 k €954 k €1,1 M €1,3 M €1,1 M €1,1 M €–
EBITDA605,7 k €-848,4 k €-422,8 k €624,6 k €722,4 k €926,2 k €835,9 k €821,5 k €-22,8 k €
Operating result-35,9 k €-1,5 M €-839,3 k €391,8 k €489,6 k €671 k €582,7 k €571,2 k €-99,9 k €
Net result-2,6 M €-2,6 M €-1,6 M €-390,2 k €-349,5 k €130,5 k €75,7 k €65,8 k €-258,2 k €
Balance sheet
Equity-4,9 M €-2,3 M €241,4 k €1,9 M €2,3 M €2,6 M €2,5 M €2,4 M €2,3 M €
Total assets25,8 M €23,2 M €23,4 M €14,8 M €14,5 M €12,2 M €12,9 M €12,8 M €12,5 M €
Cash4,1 M €662,7 k €2,2 M €2,1 M €2,8 M €875,4 k €1,1 M €984,2 k €716,8 k €
Debts29,8 M €25,2 M €23,1 M €12,8 M €12,1 M €9,1 M €9,8 M €9,9 M €9,8 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2023 · 5 active · 25 ended

Active mandates

EMILY HARRIS

Director · since 02 février 2023

Active
JULIAN FELDMAN

Director · since 17 octobre 2018

Active
MICHAEL BELA KOVACS

Director · since 17 octobre 2018

Active
MICHAEL GOLDBERG

Director · since 17 octobre 2018

Active
SIMON HOWARD BALL

Director · since 17 octobre 2018 · until 02 février 2023

Active

Ended mandates

Emily HARRIS

Director · since 02 février 2023 · until 02 février 2029

Ended
Julian Feldman

Manager · since 17 octobre 2018 · until 10 mai 2024

Ended
Julian FELDMAN

Director · since 17 octobre 2018 · until 10 mai 2024

Ended
Michael Bela Kovacs

Manager · since 17 octobre 2018 · until 10 mai 2024

Ended
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Annual accounts

Full financial information

202320222021202020192018
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202301/01/202201/01/202101/01/202001/01/201901/01/2018
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/201931/12/2018
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/09/202415/07/202301/08/202225/06/202109/07/202012/07/2019
General meeting05/09/202428/04/202313/05/202227/04/202128/04/202017/05/2019
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202305/09/202425/09/2024FrenchPDF
Abridged model31/12/202228/04/202315/07/2023FrenchPDF
Abridged model31/12/202113/05/202201/08/2022FrenchPDF
Abridged model31/12/202027/04/202125/06/2021FrenchPDF
Abridged model31/12/201928/04/202009/07/2020FrenchPDF
Abridged model31/12/201817/05/201912/07/2019FrenchPDF
Abridged model31/12/201724/04/201827/04/2018FrenchPDF
Abridged model31/12/201625/04/201720/07/2017FrenchPDF
Full model31/12/201526/04/201612/05/2016FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Governance

Board of directors

Seen on filing of 31/12/2023 · 5 active · 25 ended

Active mandates

EMILY HARRIS

Director · since 02 février 2023

Active
JULIAN FELDMAN

Director · since 17 octobre 2018

Active
MICHAEL BELA KOVACS

Director · since 17 octobre 2018

Active
MICHAEL GOLDBERG

Director · since 17 octobre 2018

Active
SIMON HOWARD BALL

Director · since 17 octobre 2018 · until 02 février 2023

Active

Ended mandates

Emily HARRIS

Director · since 02 février 2023 · until 02 février 2029

Ended
Julian Feldman

Manager · since 17 octobre 2018 · until 10 mai 2024

Ended
Julian FELDMAN

Director · since 17 octobre 2018 · until 10 mai 2024

Ended
Michael Bela Kovacs

Manager · since 17 octobre 2018 · until 10 mai 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/06/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/02/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office01/06/2021
    SIEGE SOCIAL
    PDF
  • Capital / shares09/04/2019
    CAPITAL, ACTIONS
    PDF
  • Mandates06/11/2018
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/07/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/08/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office29/05/2017
    SIEGE SOCIAL
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2023
    Annual accounts 2023-2,6 M €↑
  2. 2022
    Annual accounts 2022-2,6 M €↓
  3. 2021
    Annual accounts 2021-1,6 M €↓
  4. 2020
    Annual accounts 2020-390,2 k €↓
  5. 2019
    Annual accounts 2019-349,5 k €↓
  6. 2018
    Annual accounts 2018130,5 k €↑
  7. 2017
    Annual accounts 201775,7 k €↑
  8. 2016
    Annual accounts 201665,8 k €↑
  9. 2015
    Annual accounts 2015-258,2 k €
  10. 30/07/2015
    IncorporationPrivate limited company