ACTIVE

art2work

Financial year 2024 · closed on 31/12/2024
Net result
88,5 k €
+8.9% YoY
Revenue
167,1 k €
-2.0% YoY
Equity
449,7 k €
+11.6% YoY
Workforce
20,0 ETP
-3.8% YoY

What does art2work do?

art2work is a Non-profit organization incorporated in 2007. Its main activity is: Libraries, archives, museums and other cultural activities. Its registered office is in Molenbeek-Saint-Jean. It employs on average 20,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0890.801.577
Incorporation
10/07/2007
Legal form
Non-profit organization
Registered office
Quai du Hainaut 41
1080 Molenbeek-Saint-Jean · BruxellesSee on map
Latest accounts
31/12/2024
Average workforce
20,0 ETP
Joint committees (1)
  • 32903
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2024202320222021202020192018201720162015
Income statement
Revenue167,1 k €170,6 k €79,6 k €73,7 k €38,2 k €113,7 k €126 k €96,7 k €68,9 k €78,1 k €
EBITDA131,5 k €128,5 k €153,4 k €8,4 k €16,5 k €45,9 k €63,1 k €55,3 k €36,5 k €17,3 k €
Operating result88,6 k €83,6 k €107,8 k €-38,5 k €-19,5 k €4,9 k €20,5 k €14,6 k €-4,9 k €2,6 k €
Net result88,5 k €81,3 k €105,8 k €-38,7 k €-20,1 k €4 k €18,5 k €75,6 k €-10,5 k €3 k €
Balance sheet
Equity449,7 k €403 k €363,6 k €299,6 k €321 k €377 k €412,3 k €433,2 k €397,5 k €178,1 k €
Total assets766,7 k €679,1 k €639,8 k €579,7 k €559,3 k €667,9 k €745,9 k €851 k €939,3 k €646,3 k €
Cash304,3 k €141,1 k €43 k €278,1 k €104,8 k €245,9 k €279 k €133 k €40,3 k €254,9 k €
Debts177,5 k €212,5 k €270,4 k €205,2 k €218,3 k €251,7 k €304,7 k €403,8 k €456,9 k €333,2 k €
Other
Workforce20,0 ETP20,8 ETP20,0 ETP20,6 ETP16,9 ETP15,5 ETP14,8 ETP17,1 ETP17,5 ETP14,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 11 active · 40 ended

Active mandates

Anne Descheemaeker

Director · since 28 novembre 2024 · until 28 novembre 2027

Active
Justin Bindariye

Director · since 28 novembre 2024 · until 28 novembre 2027

Active
Peter Joling

Director · since 28 novembre 2024 · until 28 novembre 2027

Active
Bruno Casabona

Délégué à la gestion journalière · since 01 septembre 2024

Active
Drifa Mourade

Délégué à la gestion journalière · since 01 septembre 2024

Active
Anissa Benali

Director · since 07 novembre 2023 · until 28 novembre 2024

Active
Bert Scheurs

Director · since 07 novembre 2023 · until 28 novembre 2024

Active
Drifa Mourade-

Director · since 07 novembre 2023 · until 26 juin 2024

Active
Emilie Anseeuw

Director · since 07 novembre 2023 · until 07 novembre 2026

Active
Yamina El Fahsi

Director · since 07 novembre 2023 · until 07 novembre 2026

Active
Wim Embrechts

Délégué à la gestion journalière · since 12 mars 2012 · until 31 août 2024

Active

Ended mandates

Anissa Benali

Director · since 07 novembre 2023 · until 07 novembre 2026

Ended
Bert Scheurs

Director · since 07 novembre 2023 · until 07 novembre 2026

Ended
Drifa Mourade_

Director · since 07 novembre 2023 · until 26 juin 2024

Ended
Arabi Aroug

Director · since 11 octobre 2022 · until 07 novembre 2023

Ended
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/08/202520/09/202404/07/202321/09/202225/08/202126/08/2020
General meeting24/04/202530/03/202425/04/202331/03/202201/03/202131/03/2020
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202424/04/202507/08/2025FrenchPDF
Abridged model31/12/202330/03/202420/09/2024FrenchPDF
Abridged model31/12/202225/04/202304/07/2023FrenchPDF
Abridged model31/12/202131/03/202221/09/2022FrenchPDF
Abridged model31/12/202001/03/202125/08/2021FrenchPDF
Abridged model31/12/201931/03/202026/08/2020FrenchPDF
Abridged model31/12/201825/03/201910/07/2019FrenchPDF
Abridged model31/12/201727/03/201803/05/2018FrenchPDF
Abridged model31/12/201614/03/201712/04/2017FrenchPDF
Abridged model31/12/201529/03/201607/04/2016FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 11 active · 40 ended

Active mandates

Anne Descheemaeker

Director · since 28 novembre 2024 · until 28 novembre 2027

Active
Justin Bindariye

Director · since 28 novembre 2024 · until 28 novembre 2027

Active
Peter Joling

Director · since 28 novembre 2024 · until 28 novembre 2027

Active
Bruno Casabona

Délégué à la gestion journalière · since 01 septembre 2024

Active
Drifa Mourade

Délégué à la gestion journalière · since 01 septembre 2024

Active
Anissa Benali

Director · since 07 novembre 2023 · until 28 novembre 2024

Active
Bert Scheurs

Director · since 07 novembre 2023 · until 28 novembre 2024

Active
Drifa Mourade-

Director · since 07 novembre 2023 · until 26 juin 2024

Active
Emilie Anseeuw

Director · since 07 novembre 2023 · until 07 novembre 2026

Active
Yamina El Fahsi

Director · since 07 novembre 2023 · until 07 novembre 2026

Active
Wim Embrechts

Délégué à la gestion journalière · since 12 mars 2012 · until 31 août 2024

Active

Ended mandates

Anissa Benali

Director · since 07 novembre 2023 · until 07 novembre 2026

Ended
Bert Scheurs

Director · since 07 novembre 2023 · until 07 novembre 2026

Ended
Drifa Mourade_

Director · since 07 novembre 2023 · until 26 juin 2024

Ended
Arabi Aroug

Director · since 11 octobre 2022 · until 07 novembre 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/03/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/12/2025
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates24/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/01/2025
    DEMISSIONS, NOMINATIONS
    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. 2024
    Annual accounts 202488,5 k €
  2. 2023
    Annual accounts 202381,3 k €
  3. 2022
    Annual accounts 2022105,8 k €
  4. 2021
    Annual accounts 2021-38,7 k €
  5. 2020
    Annual accounts 2020-20,1 k €
  6. 2019
    Annual accounts 20194 k €
  7. 2018
    Annual accounts 201818,5 k €
  8. 2017
    Annual accounts 201775,6 k €
  9. 2016
    Annual accounts 2016-10,5 k €
  10. 2015
    Annual accounts 20153 k €
  11. 10/07/2007
    IncorporationNon-profit organization