AORTA+
ActiveAORTA+ has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €39k. Equity is shrinking by ~17.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 18% of 629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+8
Solvency30▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.81 in 2024; short-term debt: 49.9% and cash: 13.7% of total assets), and 95.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.8%
Return on assets
4.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 629 sector peers (2025).
NBB · sector comparisonPosition among 629 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
71 d late
2023
55 d late
2022
71 d late
2021
31 d late
2020
2 d early
2019
7 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€40k▲ 4,399%
2024 · €879
2018: €83k
2019: €51k
2020: €51k
2021: €57k
2022: €48k
2023: €-21k
2024: €879
2018 → 2025
Total assets
€825k▲ 1.4%
2024 · €814k
2018: €388k
2019: €866k
2020: €866k
2021: €868k
2022: €940k
2023: €950k
2024: €814k
2018 → 2025
Net result
€39k▲ 76.2%
2024 · €22k
2018: €40k
2019: €59k
2020: €59k
2021: €6k
2022: €-9k
2023: €-69k
2024: €22k
2018 → 2025
Working capital
€-32k▲ 55.9%
2024 · €-73k
2018: €17k
2019: €-24k
2020: €-24k
2021: €-54k
2022: €-88k
2023: €-90k
2024: €-73k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€57k-€48k▼ 16.3%€-21k€879€40k▲ 4,399%
Operating result€26k-€12k▼ 52.7%€-45k€43k€62k▲ 44.6%
Net result€6k-€-9k€-69k▼ 639%€22k€39k▲ 76.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 45% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €825k
Fixed assets
€446k▼ 10.0%
Current assets
€379k▲ 19.0%
Equity and liabilities €825k
Equity
€40k▲ 4,399%
Debt
€785k▼ 3.4%
The debt ratio falls from 99.9% to 95.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117k▲
2024 · €100k
Cash flow
€93k▲
2024 · €79k
Solvency
4.8%▲
2024 · 0.1%
Current ratio
0.92▲
2024 · 0.81
Quick ratio
0.76▲
2024 · 0.64
Debt / equity
19.86
ROE
97.8%
ROA
4.7%▲
2024 · 2.7%
Interest coverage
4.93▲
2024 · 4.36
Debt
€785k▼
2024 · €813k
Debt ≤ 1 year
€411k▲
2024 · €392k
Debt > 1 year
€371k▼
2024 · €421k
Income taxes
€223▲
2024 · €160
Staff costs
€126k▲
2024 · €75k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€814k€825k▲
Fixed assets21/28€495k€446k▼
Tangible fixed assets22/27€492k€443k▼
Land and buildings22€470k€432k▼
Plant, machinery and equipment23€10k€4k▼
Furniture and vehicles24€12k€7k▼
Financial fixed assets28€3k€3k=
Current assets29/58€319k€379k▲
Stocks and contracts in progress3€68k€67k▼
Stocks30/36€68k€67k▼
Amounts receivable within one year40/41€241k€172k▼
Trade receivables40€225k€163k▼
Other amounts receivable41€16k€9k▼
Current investments50/53€500€500=
Cash at bank and in hand54/58€3k€113k▲
Deferred charges and accrued income490/1€6k€26k▲
Equity and liabilities
Total equity and liabilities10/49€814k€825k▲
Equity10/15€879€40k▲
Contributions10/11€19k€19k=
Reserves13-€21k
Distributable reserves133-€21k
Profit (loss) carried forward14€-18k€0▲
Amounts payable17/49€813k€785k▼
Amounts payable after more than one year17€421k€371k▼
Financial debts170/4€421k€371k▼
Amounts payable within one year42/48€392k€411k▲
Current portion of amounts payable after more than one year42€61k€54k▼
Financial debts43€3k€1k▼
Other loans439€3k€1k▼
Trade debts44€62k€70k▲
Suppliers440/4€62k€70k▲
Taxes, remuneration and social security45€32k€47k▲
Taxes450/3€26k€35k▲
Remuneration and social security454/9€6k€12k▲
Other amounts payable47/48€234k€239k▲
Accrued charges and deferred income492/3€249€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€75k€126k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€55k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€25k€7k▼
Gross operating margin9900€199k€250k▲
Operating profit (loss)9901€43k€62k▲
Financial income75/76B€2k€167▼
Recurring financial income75€2k€167▼
Financial charges65/66B€23k€24k▲
Recurring financial charges65€23k€24k▲
Profit (loss) for the period before taxes9903€22k€39k▲
Income taxes67/77€160€223▲
Profit (loss) for the period9904€22k€39k▲
Profit (loss) for the period to be appropriated9905€22k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€21k▲
Profit (loss) brought forward from the previous period14P€-40k€-18k▲
Transfer from equity791/2€0-
Transfer to equity691/2-€21k
To other reserves6921-€21k
Social balance
Average headcount (FTE)90872.03.0▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 71 days late
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 55 days late
2023
31-12
Financial
Weakest financial yearnet €-69k
Net result drops to €-69k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenwalstraat 239030 GentGround area
1,249 m²
Building footprint
722 m²
Volume, LiDAR
3,853 m³
Parcel 44038A0496/00D002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AORTA+
since 20092.177.178.955
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0496/00D002 | Flanders | 1,249 m² | 1 · 722 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TWIN DESIGN
BE 0426.309.060
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Atelier Création graphique
BE 0422.895.650
Sint-Lambrechts-Woluwe · Eq €41k
Concept Factory
BE 0766.867.251
Herentals · Eq €41k
Yann Dessauvages
BE 0772.335.576
Beersel · Eq €38k
RODIPA
BE 0419.114.828
Tienen · Eq €41k
Of 1,236 companies in sector 74140 we hold annual accounts for 353. 280 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-2009
Fiscal year end31-12
Activities, NACEBEL
74105Other professional, scientific and technical activities
74140Other specialised design activities
82300Organisation of conventions and trade shows
90029Arts creation and performing arts activities
90399Other support activities for arts and performing arts
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.