ART - CASTING
ActiveSummary
ART - CASTING has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €32,378. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 54% of 1040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-13
Solvency75▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 1.84 against 2.12 in 2024; short-term debt: 45.9% and cash: 13.4% of total assets), but 50.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
49.7%
Return on assets
1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
20 d early
2023
15 d early
2022
18 d early
2021
18 d early
2020
15 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€1.5m▼ 3.9%
2024 · €1.6m
Total assets
€3.1m▲ 3.3%
2024 · €3.0m
Net result
€32,378▼ 90.5%
2024 · €339,916
Working capital
€1.2m▼ 10.6%
2024 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€222,701▲ 41.3%€571,994▲ 157%€415,519▼ 27.4%€466,605▲ 12.3%€42,802▼ 90.8%
Net result€147,547▲ 54.6%€409,442▲ 177%€286,796▼ 30.0%€339,916▲ 18.5%€32,378▼ 90.5%
Equity€792,643▼ 0.3%€1.1m▲ 40.5%€1.3m▲ 13.7%€1.6m▲ 26.8%€1.5m▼ 3.9%
Total assets€2.8m▲ 46.4%€3.3m▲ 18.8%€3.5m▲ 4.7%€3.0m▼ 13.0%€3.1m▲ 3.3%
Debt€2.0m▲ 80.1%€2.2m▲ 10.1%€2.2m▲ 0.2%€1.4m▼ 36.1%€1.6m▲ 11.6%
Working capital€655,267▼ 9.1%€906,981▲ 38.4%€986,419▲ 8.8%€1.3m▲ 35.6%€1.2m▼ 10.6%
Staff (FTE)35.8▼ 4.8%39.3▲ 9.8%38.4▼ 2.3%33.6▼ 12.5%32.3▼ 3.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Net result -90% on 2024. Cause not known from the registers.
- 2022 Net result +177% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets
€483,644 ▲ 2.5%
Current assets
€2.6m ▲ 3.4%
Equity and liabilities €3.1m
Equity
€1.5m ▼ 3.9%
Debt
€1.6m ▲ 11.6%
Debt's share of the balance-sheet total rises from 46.5% to 50.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€190,587▼
2024 · €601,045
Cash flow
€180,163▼
2024 · €474,355
Current ratio
1.84▼
2024 · 2.12
Quick ratio
1.54▼
2024 · 1.75
Debt to equity
1.01▲
2024 · 0.87
ROE
2.1%▼
2024 · 21.2%
ROA
1.0%▼
2024 · 11.3%
Interest coverage
20.24▼
2024 · 66.19
Debt ≤ 1 year
€1.4m▲
2024 · €1.2m
Debt > 1 year
€126,265▼
2024 · €178,836
Income taxes
€14,553▼
2024 · €144,126
Staff costs
€2.1m▼
2024 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2.1m | €2.2m | €2.4m | €2.1m | €2.1m | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €122,990 | €137,105 | €114,893 | €134,440 | €147,785 | ▲ 9.9% |
| Other operating charges640/8 | €9,018 | €45,160 | €9,955 | €8,516 | €8,283 | ▼ 2.7% |
| Gross operating margin9900 | €2.5m | €2.9m | €2.9m | €2.7m | €2.3m | ▼ 15.5% |
| Operating profit (loss)9901 | €222,701 | €571,994 | €415,519 | €466,605 | €42,802 | ▼ 90.8% |
| Financial income75/76B | €117 | €93 | €21,096 | €26,518 | €13,546 | ▼ 48.9% |
| Recurring financial income75 | €117 | €93 | €21,096 | €26,518 | €13,546 | ▼ 48.9% |
| Financial charges65/66B | €6,001 | €7,796 | €8,588 | €9,081 | €9,417 | ▲ 3.7% |
| Recurring financial charges65 | €6,001 | €7,796 | €8,588 | €9,081 | €9,417 | ▲ 3.7% |
| Profit (loss) for the period before taxes9903 | €216,818 | €564,291 | €428,027 | €484,041 | €46,931 | ▼ 90.3% |
| Income taxes67/77 | €69,271 | €154,849 | €141,231 | €144,126 | €14,553 | ▼ 89.9% |
| Profit (loss) for the period9904 | €147,547 | €409,442 | €286,796 | €339,916 | €32,378 | ▼ 90.5% |
| Profit (loss) for the period to be appropriated9905 | €147,547 | €409,442 | €286,796 | €339,916 | €32,378 | ▼ 90.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €3.3m | €3.5m | €3.0m | €3.1m | ▲ 3.3% |
| Fixed assets21/28 | €390,737 | €481,424 | €503,178 | €471,659 | €483,644 | ▲ 2.5% |
| Intangible fixed assets21 | €33,451 | €6,797 | €4,660 | €2,591 | €30,434 | ▲ 1,074% |
| Tangible fixed assets22/27 | €357,086 | €474,428 | €498,318 | €468,867 | €453,010 | ▼ 3.4% |
| Plant, machinery and equipment23 | €219,700 | €323,012 | €335,902 | €280,574 | €222,230 | ▼ 20.8% |
| Furniture and vehicles24 | €90,885 | €85,526 | €104,413 | €143,344 | €158,365 | ▲ 10.5% |
| Other tangible fixed assets26 | €46,501 | €65,889 | €58,003 | €44,949 | €72,415 | ▲ 61.1% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €2.4m | €2.8m | €3.0m | €2.5m | €2.6m | ▲ 3.4% |
| Stocks and contracts in progress3 | €338,405 | €388,003 | €408,946 | €446,229 | €430,804 | ▼ 3.5% |
| Stocks30/36 | €338,405 | €388,003 | €408,946 | €446,229 | €430,804 | ▼ 3.5% |
| Amounts receivable within one year40/41 | €803,207 | €659,090 | €945,180 | €1.2m | €1.1m | ▼ 5.5% |
| Trade receivables40 | €802,967 | €659,019 | €869,636 | €1.2m | €1.0m | ▼ 11.2% |
| Other amounts receivable41 | €240 | €71 | €75,545 | €39,016 | €103,564 | ▲ 165% |
| Current investments50/53 | - | - | €1.1m | €250,000 | €600,000 | ▲ 140% |
| Cash at bank and in hand54/58 | €1.2m | €1.7m | €456,257 | €615,208 | €416,634 | ▼ 32.3% |
| Deferred charges and accrued income490/1 | €25,645 | €43,594 | €40,382 | €12,907 | €30,022 | ▲ 133% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €3.3m | €3.5m | €3.0m | €3.1m | ▲ 3.3% |
| Equity10/15 | €792,643 | €1.1m | €1.3m | €1.6m | €1.5m | ▼ 3.9% |
| Contributions10/11 | €26,162 | €26,162 | €26,162 | €26,162 | €26,162 | = |
| Reserves13 | €536,828 | €643,532 | €796,557 | €976,557 | €881,160 | ▼ 9.8% |
| Non-distributable reserves130/1 | €2,616 | €2,616 | - | - | - | - |
| Reserves not available under the articles1311 | €2,616 | €2,616 | - | - | - | - |
| Tax-exempt reserves132 | €41,493 | €41,493 | €41,493 | €41,493 | €41,493 | = |
| Distributable reserves133 | €492,719 | €599,423 | €755,065 | €935,065 | €839,668 | ▼ 10.2% |
| Profit (loss) carried forward14 | €229,653 | €444,123 | €444,123 | €604,038 | €636,416 | ▲ 5.4% |
| Amounts payable17/49 | €2.0m | €2.2m | €2.2m | €1.4m | €1.6m | ▲ 11.6% |
| Amounts payable after more than one year17 | €248,273 | €269,388 | €213,004 | €178,836 | €126,265 | ▼ 29.4% |
| Financial debts170/4 | €248,273 | €269,388 | €213,004 | €178,836 | €126,265 | ▼ 29.4% |
| Amounts payable within one year42/48 | €1.7m | €1.9m | €2.0m | €1.2m | €1.4m | ▲ 19.2% |
| Current portion of amounts payable after more than one year42 | €85,564 | €102,868 | €91,872 | €96,457 | €126,171 | ▲ 30.8% |
| Financial debts43 | €47,742 | - | - | - | - | - |
| Credit institutions430/8 | €47,742 | - | - | - | - | - |
| Trade debts44 | €650,316 | €529,282 | €412,553 | €225,920 | €160,206 | ▼ 29.1% |
| Suppliers440/4 | €650,316 | €529,282 | €412,553 | €225,920 | €160,206 | ▼ 29.1% |
| Advances received on contracts in progress46 | €525,004 | €908,740 | €995,687 | €623,176 | €796,019 | ▲ 27.7% |
| Taxes, remuneration and social security45 | €270,942 | €279,618 | €329,435 | €248,886 | €246,142 | ▼ 1.1% |
| Taxes450/3 | €93,953 | €87,777 | €120,589 | €87,656 | €81,451 | ▼ 7.1% |
| Remuneration and social security454/9 | €176,988 | €191,841 | €208,847 | €161,230 | €164,690 | ▲ 2.1% |
| Other amounts payable47/48 | €150,384 | €88,517 | €134,798 | €756 | €95,685 | ▲ 12,554% |
| Accrued charges and deferred income492/3 | €5,087 | €5,200 | €9,751 | €23,272 | €8,828 | ▼ 62.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €147,547 | €409,442 | €286,796 | €339,916 | €32,378 | ▼ 90.5% |
| + Depreciation and write-downs630 | €122,990 | €137,105 | €114,893 | €134,440 | €147,785 | ▲ 9.9% |
| Operating cash flow (approximation) | €270,537 | €546,547 | €401,689 | €474,355 | €180,163 | ▼ 62.0% |
| Investment in fixed assets (approximation) | - | -€227,792 | -€136,647 | -€102,920 | -€159,770 | ▼ 55.2% |
| Change in cash | - | €507,358 | -€1.3m | €158,952 | -€198,574 | ▼ 225% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €32,378 ▼90.5%
Net result drops to €32,378, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-12
Financial
Highest result since 2020net €409,442 ▲177%
Operating result €571,994, net result €409,442, both a record.
30-12
Financial
Equity above €1mEq €1.1m ▲40.5%
3 profitable years in a row build equity to €1.1m.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Oudenaarde · 1 establishment unit since 1990
Ground area
6,541 m²
Building footprint
1,284 m²
Volume, LiDAR
10,224 m³
Parcel 45507A0005/00M000, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ART-CASTING
since 19902.049.708.186
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45507A0005/00M000 | Flanders | 6,541 m² | 1 · 1,283 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 26,090 EUR awarded · 26,090 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 712 EUR | 712 EUR |
| 2024 | 2 | 2,290 EUR | 2,290 EUR |
| 2023 | 2 | 4,842 EUR | 22,842 EUR |
| 2022 | 2 | 18,246 EUR | 246 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
894500A5ZDD4MDC48H26
Similar companies · same sector, comparable size
POMPES NEPTUNE
BE 0413.808.433
Tournai · Eq €1,547,229
VADALUB
BE 0476.811.022
Zele · Eq €1,555,978
Outillage de Précision Ateliers Fernand Vanwers
BE 0412.586.926
Liège · Eq €1,524,401
KONSTRUKTIE GALLOO
BE 0419.046.235
Menen · Eq €1,517,799
VERMEERSCH LASERPRODUCTS
BE 0473.756.611
Torhout · Eq €1,512,799
Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 993 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-08-1990
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
25999Manufacture of fabricated metal products, except machinery and equipment
Contact
Website
www.artcasting.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441456205
Registered
10-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.