ACTIVE

ITS ART

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Financial year 2023 · closed on 31/12/2023

Net result

677,5 €

-72.5% YoY

Gross margin

5,8 k €

+17.0% YoY

Equity

26,7 k €

+2.6% YoY

What does ITS ART do?

ITS ART is a Private company with limited liability incorporated in 2008. Its main activity is: Manufacture of musical instruments. Its registered office is in Zoutleeuw.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.630.109

Incorporation

04/01/2008

Legal form

Private company with limited liability

Registered office

Linterseweg 108
3440 Zoutleeuw · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2023

Activities (NACE)

32200Manufacture of musical instruments· main 32200Manufacture of musical instruments 77229Rental of video tapes and disks 77299Rental and leasing of other personal and household goods 93299Other amusement and recreation activities 93299Other amusement and recreation activities+2

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008
Income statement
Gross margin	5,8 k €	+17.0%	5 k €	+778%	-732,4 €	-106%	12,5 k €	-48.7%	24,3 k €	+68.8%	14,4 k €	+8.4%	13,3 k €	+11.0%	12 k €	-14.4%	14 k €	-37.1%	22,2 k €	-24.4%	29,3 k €	-23.7%	38,5 k €	+79.1%	21,5 k €	+51.9%	14,1 k €	-12.3%	16,1 k €
EBITDA	3,2 k €	-8.0%	3,5 k €	+147%	-7,4 k €	-177%	9,6 k €	-58.0%	22,8 k €	+144%	9,3 k €	-12.7%	10,7 k €	+7.4%	10 k €	-21.8%	12,7 k €	-35.1%	19,6 k €	-30.4%	28,2 k €	-24.6%	37,4 k €	+95.2%	19,2 k €	+44.5%	13,3 k €	-16.2%	15,8 k €
Operating result	1,9 k €	-26.3%	2,5 k €	+127%	-9,4 k €	-255%	6 k €	-67.1%	18,3 k €	+274%	4,9 k €	-29.0%	6,9 k €	+129%	3 k €	-19.9%	3,8 k €	+15.9%	3,2 k €	-57.2%	7,6 k €	-23.2%	9,9 k €	+360%	-3,8 k €	+45.2%	-6,9 k €	-169%	10 k €
Net result	677,5 €	-72.5%	2,5 k €	+128%	-8,7 k €	-4.2%	-8,3 k €	-213%	7,4 k €	+357%	1,6 k €	-61.6%	4,2 k €	+344%	947,9 €	-64.8%	2,7 k €	+1567%	161,6 €	-96.3%	4,4 k €	-40.7%	7,5 k €	+336%	-3,2 k €	+63.7%	-8,7 k €	-242%	6,1 k €
Balance sheet
Equity	26,7 k €	+2.6%	26 k €	+10.5%	23,5 k €	-26.9%	32,2 k €	-20.5%	40,6 k €	+22.3%	33,2 k €	+5.1%	31,5 k €	+15.4%	27,3 k €	+3.6%	26,4 k €	+11.4%	23,7 k €	+0.7%	23,5 k €	+23.2%	19,1 k €	+64.3%	11,6 k €	-21.4%	14,8 k €	+20.0%	12,3 k €
Total assets	116,9 k €	+10.2%	106,1 k €	+6.9%	99,3 k €	-3.0%	102,4 k €	+18.1%	86,7 k €	+21.7%	71,2 k €	-22.7%	92,1 k €	+11.3%	82,8 k €	+12.1%	73,9 k €	-5.1%	77,8 k €	-1.6%	79,1 k €	+23.9%	63,9 k €	-24.8%	85 k €	-0.9%	85,8 k €	+5.5%	81,4 k €
Cash	14,7 k €	+208%	4,8 k €	-25.8%	6,5 k €	-46.1%	12 k €	+54.9%	7,7 k €	+40.9%	5,5 k €	-75.9%	22,8 k €	+672%	2,9 k €	-53.7%	6,4 k €	-70.5%	21,6 k €	+142%	8,9 k €	+44.2%	6,2 k €	+759%	721 €	-86.2%	5,2 k €	-19.2%	6,5 k €
Debts	90,2 k €	+12.6%	80,1 k €	+5.8%	75,7 k €	+8.0%	70,1 k €	+52.0%	46,1 k €	+21.3%	38 k €	-37.2%	60,6 k €	+9.2%	55,5 k €	+16.8%	47,5 k €	-12.2%	54,1 k €	-2.6%	55,6 k €	+24.0%	44,8 k €	-39.0%	73,4 k €	+3.3%	71 k €	+2.9%	69 k €

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 · 1 active · 3 ended

Active mandates

Bart Gits

Director

Active

Ended mandates

Bart Gits

Manager · since 15 février 2008

Ended

Bart Gits

Administrator - manager

Ended

Bart GITS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Belgische Taiko Federatie● Active	0808.251.015
Japans Cultureel Centrum● Active	0834.380.340

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2024	29/08/2023	14/02/2023	14/02/2023	14/02/2023	28/08/2019
General meeting	11/06/2024	13/06/2023	10/02/2023	10/02/2023	10/02/2023	11/06/2019
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2023	11/06/2024	30/09/2024	Dutch	PDF
Micro model	31/12/2022	13/06/2023	29/08/2023	Dutch	PDF
Micro model	31/12/2021	10/02/2023	14/02/2023	Dutch	PDF
Micro model	31/12/2020	10/02/2023	14/02/2023	Dutch	PDF
Micro model	31/12/2019	10/02/2023	14/02/2023	Dutch	PDF
Micro model	31/12/2018	11/06/2019	28/08/2019	Dutch	PDF
Micro model	31/12/2017	12/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	13/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	29/09/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	12/11/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	26/10/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	22/10/2010	Dutch	PDF
Abridged model	31/12/2008	09/06/2009	30/09/2009	Dutch	PDF

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 · 1 active · 3 ended

Active mandates

Bart Gits

Director

Active

Ended mandates

Bart Gits

Manager · since 15 février 2008

Ended

Bart Gits

Administrator - manager

Ended

Bart GITS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2008
ONTSLAGEN - BENOEMINGEN
PDF
Other24/01/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2023
Annual accounts 2023677,5 €↓
2022
Annual accounts 20222,5 k €↑
2021
Annual accounts 2021-8,7 k €↓
2020
Annual accounts 2020-8,3 k €↓
2019
Annual accounts 20197,4 k €↑
2018
Annual accounts 20181,6 k €↓
2017
Annual accounts 20174,2 k €↑
2016
Annual accounts 2016947,9 €↓
2015
Annual accounts 20152,7 k €↑
2014
Annual accounts 2014161,6 €↓
2013
Annual accounts 20134,4 k €↓
2012
Annual accounts 20127,5 k €↑
2011
Annual accounts 2011-3,2 k €↑
2010
Annual accounts 2010-8,7 k €↓
2008
Annual accounts 20086,1 k €
04/01/2008
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ITS ART

Overview

What does ITS ART do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline