ACTIVE

State of Art Retail Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result80,9 k €+9,4 %over 1 year
Gross margin2,5 M €+5,8 %over 1 year
Equity1,1 M €+7,8 %over 1 year
Workforce38,7 ETP+4,3 %over 1 year

Identity

Source · BCE/KBO

State of Art Retail Belgium is a Private limited company incorporated in 2010. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Antwerpen. It employs on average 38,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0831.990.180
Incorporation
17/12/2010
Legal form
Private limited company
Registered office
Napoleonkaai 7 box 0.02
2000 Antwerpen · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Average workforce
38,7 ETP
Joint committees (1)
  • 201
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 15 filings

Trend over 15 financial years

20252024202320222021
Income statement
Gross margin2,5 M €2,3 M €2,3 M €2,1 M €771,5 k €
EBITDA517,7 k €518,3 k €508 k €571,1 k €642 k €
Operating result129,6 k €116,8 k €70,6 k €182,9 k €273,7 k €
Net result80,9 k €73,9 k €29,7 k €101,9 k €214,9 k €
Balance sheet
Equity1,1 M €1 M €957,5 k €927,8 k €272,7 k €
Total assets3,1 M €2,2 M €2,6 M €3,3 M €2,1 M €
Cash110 k €160,6 k €544,4 k €526,6 k €132,6 k €
Debts1,9 M €1,2 M €1,6 M €2,3 M €1,8 M €
Other
Workforce38,7 ETP37,1 ETP37,9 ETP33,8 ETP2,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 18 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 BELGIUM

Director · since 30 mai 2020 · 0466.554.261

Represented by Kristof Baeten

Ended
STATE OF ART BELGIUM

Director · since 30 mai 2020 · 0466.554.261

Represented by Kristof Baeten

Ended
State of Art International BV

Director · since 30 mai 2020

Represented by Martijn Mateman

Ended
STATE OF ART BELGIUM

Director · since 28 octobre 2018 · until 30 mai 2020 · 0466.554.261

Represented by Johannes Kuijf

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 BELGIUM● Active
0466.554.261
State of Art Department Store● Active
0643.965.974

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 date02/06/202602/06/202520/06/202422/06/202328/06/202214/06/2021
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, 15 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/05/202602/06/2026DutchPDF
Abridged model31/12/202430/05/202502/06/2025DutchPDF
Abridged model31/12/202330/05/202420/06/2024DutchPDF
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

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 18 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 BELGIUM

Director · since 30 mai 2020 · 0466.554.261

Represented by Kristof Baeten

Ended
STATE OF ART BELGIUM

Director · since 30 mai 2020 · 0466.554.261

Represented by Kristof Baeten

Ended
State of Art International BV

Director · since 30 mai 2020

Represented by Martijn Mateman

Ended
STATE OF ART BELGIUM

Director · since 28 octobre 2018 · until 30 mai 2020 · 0466.554.261

Represented by Johannes Kuijf

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other23/09/2026
    —
    PDF
  • Mandates06/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring03/03/2022
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring29/11/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Restructuring18/11/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring18/11/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring18/11/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring18/11/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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 202580,9 k €↑
  2. 2024
    Annual accounts 202473,9 k €↑
  3. 2023
    Annual accounts 202329,7 k €↓
  4. 2022
    Annual accounts 2022101,9 k €↓
  5. 2021
    Annual accounts 2021214,9 k €↑
  6. 2020
    Annual accounts 202053,7 k €↑
  7. 2019
    Annual accounts 20194,3 k €↑
  8. 2018
    Annual accounts 2018-127,9 k €↓
  9. 2017
    Annual accounts 2017120,1 k €↑
  10. 2016
    Annual accounts 20165,2 k €↓
  11. 2015
    Annual accounts 201513,2 k €↑
  12. 2014
    Annual accounts 2014-8 k €↓
  13. 2013
    Annual accounts 2013-7,6 k €↓
  14. 2012
    Annual accounts 2012-5,7 k €↑
  15. 2011
    Annual accounts 2011-9,5 k €
  16. 17/12/2010
    IncorporationPrivate limited company