NORMAL SITUATION

State of Art Store BE nine

Company — Normal situation.

Financial year 2021 · Closed on 31/12/2021

Net result26,3 k €+3 017,9 %over 1 year
Gross margin97,6 k €+97,1 %over 1 year
Equity54,7 k €+92,4 %over 1 year
Workforce2,1 ETP+16,7 %over 1 year

Identity

Source · BCE/KBO

State of Art Store BE nine is a company registered in Belgium. It employs on average 2,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0689.796.989
Legal form
Private company with limited liability
Contributed capital
20 000,00 €
Latest accounts
31/12/2021
Average workforce
2,1 ETP
Joint committees (1)
  • 201
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 4 filings

Trend over 4 financial years

2021202020192018
Income statement
Gross margin97,6 k €49,5 k €83,7 k €15,3 k €
EBITDA31,6 k €2,8 k €11,7 k €4,8 k €
Operating result31,6 k €2,8 k €11,7 k €4,8 k €
Net result26,3 k €843,1 €5,2 k €2,5 k €
Balance sheet
Equity54,7 k €28,5 k €27,6 k €22,5 k €
Total assets130,2 k €181,6 k €140,3 k €148,5 k €
Cash125,5 k €55,3 k €58,6 k €84,8 k €
Debts70,4 k €148,4 k €108,2 k €120,3 k €
Other
Workforce2,1 ETP1,8 ETP2,1 ETP1,2 ETP

Board of directors

Source · NBB, accounts to 31/12/2021

2 active · 12 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
2021202020192018
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202101/01/202001/01/201905/02/2018
Closing of the financial year31/12/202131/12/202031/12/201931/12/2018
Length of the financial year12 months12 months12 months11 months
Filing date28/06/202214/06/202102/07/202007/06/2019
General meeting30/05/202231/05/202130/05/202031/05/2019
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 4 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

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 · 12 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
  • Mandates05/11/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other07/02/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

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Timeline

  1. 2021
    Annual accounts 202126,3 k €↑
  2. 2020
    Annual accounts 2020843,1 €↓
  3. 2019
    Annual accounts 20195,2 k €↑
  4. 2018
    Annual accounts 20182,5 k €