ART - CASTING
ActiveSummary
ART - CASTING has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €32,378. Equity grew by about 12% per year on average since 2019. In 2025 it fell by 3.9%. Its solvency ranks better than 54% of 1,240 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-08-1990 Normal situation
- Activity
- Machining of metals NACE 25530and 1 other
- Joint committees
- 209 White-collar workers in metal manufacturing
- 111 Metal, mechanical and electrical engineering · annual accounts 2025
- Establishment unit
- 2.049.708.186 9700 Oudenaarde, since 03-10-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Gross margin
- €2.3m
- ▼ 15.5%
- Turnover
- ≈ €4.0m
- estimated
- Profit
- €32,378
- ▼ 90.5%
- Equity
- €1.5m
- ▼ 3.9%
- Total assets
- €3.1m
- ▲ 3.3%
- Employees on 31-12-2025
- 37
- ▼ 2.6%
Score breakdownraises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskFounded in 1990Liquidity: current ratio 1.84, cash €416,634Figures for financial year 2025 (filed on 09-07-2026)Show the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 44% of small companies in fabricated metal products (NACE 25)
Financial strength · tick: 2024
Strong
Solvency
75-3
equity 49.7% of total assets
Liquidity
44-13
short-term debt 45.9% · cash 13.4%
Profitability
70-13
return on assets 1.0%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.2%▲ +0.1 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value
08-2025: < 0.1%▼ -0.3 percentage points vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%▲ +0.1 percentage points vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.84 (2.12 in 2024), above the usual 1.5. Short-term debt is 45.9% and cash 13.4% of total assets. However, 50.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, small). It does better than 59% of them on solvency, 48% on liquidity, 46% on profitability and 23% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
20 days early
2023
15 days early
2022
18 days early
2021
18 days early
2020
15 days early
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 34 filings
Turnover
≈ €4.0m
Estimated: probably between €2.7m and €6.6m
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
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€42,802
▼ 90.8%
2025
20192025
Net result
€32,378
▼ 90.5%
2025
middle half of the sector
20192025
Equity
€1.5m
▼ 3.9%
2025
highest quarter of the sector
20192025
Total assets
€3.1m
▲ 3.3%
2025
highest quarter of the sector
20192025
Debt
€1.6m
▲ 11.6%
2025
20192025
Working capital
€1.2m
▼ 10.6%
2025
highest quarter of the sector
20192025
Solvency
49.7%
▼ 3.7pp
2025
middle half of the sector
20192025
Current ratio
1.84
▼ 0.28
2025
middle half of the sector
20192025
Return on assets (ROA)
1.0%
▼ 10.3pp
2025
middle half of the sector
20192025
Staff (FTE)
32.3
▼ 3.9%
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.6m-€0.2m▼ 75.3%€0.2m▲ 41.3%€0.6m▲ 157%€0.4m▼ 27.4%€0.5m▲ 12.3%€0.04m▼ 90.8%
Net result€0.5m-€0.1mwithin the sector's middle half▼ 78.9%€0.1mwithin the sector's middle half▲ 54.6%€0.4mabove the sector's middle half▲ 177%€0.3mabove the sector's middle half▼ 30.0%€0.3mabove the sector's middle half▲ 18.5%€0.03mwithin the sector's middle half▼ 90.5%
Equity€0.8m-€0.8mwithin the sector's middle half▲ 3.0%€0.8mwithin the sector's middle half▼ 0.3%€1.1mwithin the sector's middle half▲ 40.5%€1.3mabove the sector's middle half▲ 13.7%€1.6mabove the sector's middle half▲ 26.8%€1.5mabove the sector's middle half▼ 3.9%
Total assets€2.4m-€1.9mwithin the sector's middle half▼ 19.6%€2.8mabove the sector's middle half▲ 46.4%€3.3mabove the sector's middle half▲ 18.8%€3.5mabove the sector's middle half▲ 4.7%€3.0mabove the sector's middle half▼ 13.0%€3.1mabove the sector's middle half▲ 3.3%
Debt€1.6m-€1.1m▼ 30.6%€2.0m▲ 80.1%€2.2m▲ 10.1%€2.2m▲ 0.2%€1.4m▼ 36.1%€1.6m▲ 11.6%
Working capital€0.4m-€0.7mabove the sector's middle half▲ 64.6%€0.7mwithin the sector's middle half▼ 9.1%€0.9mabove the sector's middle half▲ 38.4%€1.0mabove the sector's middle half▲ 8.8%€1.3mabove the sector's middle half▲ 35.6%€1.2mabove the sector's middle half▼ 10.6%
Solvency32.7%-41.9%within the sector's middle half▲ 9.2pp28.6%within the sector's middle half▼ 13.4pp33.8%within the sector's middle half▲ 5.2pp36.7%within the sector's middle half▲ 2.9pp53.5%within the sector's middle half▲ 16.8pp49.7%within the sector's middle half▼ 3.7pp
Current ratio1.30-1.92within the sector's middle half▲ 0.621.38within the sector's middle half▼ 0.551.48within the sector's middle half▲ 0.101.50within the sector's middle half▲ 0.032.12within the sector's middle half▲ 0.621.84within the sector's middle half▼ 0.28
Return on assets (ROA)19.2%-5.0%within the sector's middle half▼ 14.1pp5.3%within the sector's middle half▲ 0.3pp12.4%within the sector's middle half▲ 7.1pp8.3%within the sector's middle half▼ 4.1pp11.3%within the sector's middle half▲ 3.0pp1.0%within the sector's middle half▼ 10.3pp
Staff (FTE)40.3-37.6above the sector's middle half▼ 6.7%35.8above the sector's middle half▼ 4.8%39.3above the sector's middle half▲ 9.8%38.4above the sector's middle half▼ 2.3%33.6above the sector's middle half▼ 12.5%32.3above the sector's middle half▼ 3.9%
above
within
below
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 91% lower than in 2024 and the lowest since 2019.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
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
Quick ratio
1.54▼
2024 · 1.75
Debt to equity
1.01▲
2024 · 0.87
ROE
2.1%▼
2024 · 21.2%
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.
Staff
| Item | 30-12-2021 | 30-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 41 | 44 | 42 | 38 | 37 |
| full-time | 26 | 30 | 24 | 17 | 16 |
| part-time | 15 | 14 | 18 | 21 | 21 |
| in full-time equivalents | 37.3 | 40.2 | 37 | 33.3 | 31.7 |
| Average over the year, in full-time equivalents | 35.8 | 39.3 | 38.4 | 33.6 | 32.3 |
| On a permanent contract | 41 | 44 | 42 | 38 | 37 |
| Joined | 6 | 7 | 7 | 2 | 0 |
| Left | 2 | 7 | 9 | 6 | 1 |
| Training hours | 64 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 30-12-2021 | 30-12-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €333,837 | €372,255 | €304,876 | €275,293 | €252,436 |
| Pledge on the business | €248,947 | €248,947 | €248,947 | €248,947 | €248,947 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-12-2021 | 30-12-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €107,117 | €227,792 | €136,649 | €102,920 | €128,680 |
| Intangible fixed assets | €10,345 | - | - | - | €31,091 |
| Depreciation and write-downs of the year | €122,990 | €137,105 | €114,893 | €134,440 | €147,785 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €26,090 awarded · €26,090 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €712 | €712 |
| 2024 | 2 | €2,290 | €2,290 |
| 2023 | 2 | €4,842 | €22,842 |
| 2022 | 2 | €18,246 | €246 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4.3m | - | €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 | €0.4m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 9.9% |
| Other operating charges640/8 | €0.02m | - | €0.009m | €0.05m | €0.01m | €0.009m | €0.008m | ▼ 2.7% |
| Non-recurring operating charges66A | €0.02m | - | - | - | - | - | - | - |
| Gross operating margin9900 | €5.4m | €2.3m | €2.5m | €2.9m | €2.9m | €2.7m | €2.3m | ▼ 15.5% |
| Operating profit (loss)9901 | €0.6m | €0.2m | €0.2m | €0.6m | €0.4m | €0.5m | €0.04m | ▼ 90.8% |
| Financial income75/76B | €441 | - | €117 | €93 | €0.02m | €0.03m | €0.01m | ▼ 48.9% |
| Recurring financial income75 | €441 | €84 | €117 | €93 | €0.02m | €0.03m | €0.01m | ▼ 48.9% |
| Financial charges65/66B | €0.02m | - | €0.006m | €0.008m | €0.009m | €0.009m | €0.009m | ▲ 3.7% |
| Recurring financial charges65 | €0.02m | €0.008m | €0.006m | €0.008m | €0.009m | €0.009m | €0.009m | ▲ 3.7% |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.1m | €0.2m | €0.6m | €0.4m | €0.5m | €0.05m | ▼ 90.3% |
| Income taxes67/77 | €0.2m | €0.05m | €0.07m | €0.2m | €0.1m | €0.1m | €0.01m | ▼ 89.9% |
| Profit (loss) for the period9904 | €0.5m | €0.1m | €0.1m | €0.4m | €0.3m | €0.3m | €0.03m | ▼ 90.5% |
| Transfer to tax-exempt reserves689 | €268 | - | - | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €0.1m | €0.1m | €0.4m | €0.3m | €0.3m | €0.03m | ▼ 90.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.4m | €1.9m | €2.8m | €3.3m | €3.5m | €3.0m | €3.1m | ▲ 3.3% |
| Fixed assets21/28 | €0.5m | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 2.5% |
| Intangible fixed assets21 | €0.09m | €0.06m | €0.03m | €0.007m | €0.005m | €0.003m | €0.03m | ▲ 12× |
| Tangible fixed assets22/27 | €0.4m | €0.3m | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 3.4% |
| Plant, machinery and equipment23 | €0.3m | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 20.8% |
| Furniture and vehicles24 | €0.04m | - | €0.09m | €0.09m | €0.1m | €0.1m | €0.2m | ▲ 10.5% |
| Other tangible fixed assets26 | €0.04m | - | €0.05m | €0.07m | €0.06m | €0.04m | €0.07m | ▲ 61.1% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €1.9m | €1.5m | €2.4m | €2.8m | €3.0m | €2.5m | €2.6m | ▲ 3.4% |
| Stocks and contracts in progress3 | €0.3m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 3.5% |
| Stocks30/36 | €0.3m | - | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 3.5% |
| Amounts receivable within one year40/41 | €1.1m | €0.3m | €0.8m | €0.7m | €0.9m | €1.2m | €1.1m | ▼ 5.5% |
| Trade receivables40 | €1.1m | - | €0.8m | €0.7m | €0.9m | €1.2m | €1.0m | ▼ 11.2% |
| Other amounts receivable41 | €0.003m | - | €240 | €71 | €0.08m | €0.04m | €0.1m | ▲ 165% |
| Current investments50/53 | - | - | - | - | €1.1m | €0.3m | €0.6m | ▲ 140% |
| Cash at bank and in hand54/58 | €0.5m | €1.0m | €1.2m | €1.7m | €0.5m | €0.6m | €0.4m | ▼ 32.3% |
| Deferred charges and accrued income490/1 | €0.03m | - | €0.03m | €0.04m | €0.04m | €0.01m | €0.03m | ▲ 133% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.4m | €1.9m | €2.8m | €3.3m | €3.5m | €3.0m | €3.1m | ▲ 3.3% |
| Equity10/15 | €0.8m | €0.8m | €0.8m | €1.1m | €1.3m | €1.6m | €1.5m | ▼ 3.9% |
| Contributions10/11 | €0.03m | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Capital10 | €0.03m | - | - | - | - | - | - | - |
| Issued capital100 | €0.03m | - | - | - | - | - | - | - |
| Reserves13 | €0.3m | €0.4m | €0.5m | €0.6m | €0.8m | €1.0m | €0.9m | ▼ 9.8% |
| Non-distributable reserves130/1 | - | - | €0.003m | €0.003m | - | - | - | - |
| Legal reserve130 | €0.003m | - | - | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0.003m | €0.003m | - | - | - | - |
| Tax-exempt reserves132 | €0.04m | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Distributable reserves133 | €0.2m | - | €0.5m | €0.6m | €0.8m | €0.9m | €0.8m | ▼ 10.2% |
| Profit (loss) carried forward14 | €0.5m | €0.4m | €0.2m | €0.4m | €0.4m | €0.6m | €0.6m | ▲ 5.4% |
| Amounts payable17/49 | €1.6m | €1.1m | €2.0m | €2.2m | €2.2m | €1.4m | €1.6m | ▲ 11.6% |
| Amounts payable after more than one year17 | €0.1m | €0.3m | €0.2m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 29.4% |
| Financial debts170/4 | €0.1m | - | €0.2m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 29.4% |
| Amounts payable within one year42/48 | €1.5m | €0.8m | €1.7m | €1.9m | €2.0m | €1.2m | €1.4m | ▲ 19.2% |
| Current portion of amounts payable after more than one year42 | €0.05m | - | €0.09m | €0.1m | €0.09m | €0.1m | €0.1m | ▲ 30.8% |
| Financial debts43 | €0.04m | - | €0.05m | - | - | - | - | - |
| Credit institutions430/8 | €0.04m | - | €0.05m | - | - | - | - | - |
| Trade debts44 | €0.4m | €0.3m | €0.7m | €0.5m | €0.4m | €0.2m | €0.2m | ▼ 29.1% |
| Suppliers440/4 | €0.4m | - | €0.7m | €0.5m | €0.4m | €0.2m | €0.2m | ▼ 29.1% |
| Advances received on contracts in progress46 | €0.8m | - | €0.5m | €0.9m | €1.0m | €0.6m | €0.8m | ▲ 27.7% |
| Taxes, remuneration and social security45 | €0.2m | - | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 1.1% |
| Taxes450/3 | €0.01m | - | €0.09m | €0.09m | €0.1m | €0.09m | €0.08m | ▼ 7.1% |
| Remuneration and social security454/9 | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.1% |
| Other amounts payable47/48 | €0.07m | - | €0.2m | €0.09m | €0.1m | €0.001m | €0.1m | ▲ 127× |
| Accrued charges and deferred income492/3 | €0.007m | - | €0.005m | €0.005m | €0.01m | €0.02m | €0.009m | ▼ 62.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €0.1m | €0.1m | €0.4m | €0.3m | €0.3m | €0.03m | ▼ 90.5% |
| + Depreciation and write-downs630 | €0.4m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 9.9% |
| Operating cash flow (approximation) | €0.8m | €0.2m | €0.3m | €0.5m | €0.4m | €0.5m | €0.2m | ▼ 62.0% |
| Investment in fixed assets (approximation) | - | -€0.08m | -€0.1m | -€0.2m | -€0.1m | -€0.1m | -€0.2m | ▼ 55.2% |
| Change in cash | - | €0.5m | €0.2m | €0.5m | -€1.3m | €0.2m | -€0.2m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as ART - CASTING has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ART - CASTING itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for ART - CASTING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-07-2026 | 2026-00278918 | |
| 31-12-2024 | abbreviated format | 11-07-2025 | 2025-00272487 | |
| 31-12-2023 | abbreviated format | 16-07-2024 | 2024-00260053 | |
| 30-12-2022 | abbreviated format | 12-07-2023 | 2023-00233984 | |
| 30-12-2021 | abbreviated format | 12-07-2022 | 2022-20182838 | |
| 30-12-2020 | abbreviated format | 15-07-2021 | 2021-36200018 | |
| 30-12-2019 | abbreviated format | 06-07-2020 | 2020-27400290 | |
| 31-12-2017 | abbreviated format | 18-06-2018 | 2018-19600494 | |
| 31-12-2016 | abbreviated format | 29-06-2017 | 2017-24400148 | |
| 31-12-2015 | abbreviated format | 09-06-2016 | 2016-16700087 |
Board & ownership
Directors
Directors
2 directors, last change in 2023
Norga Geert
Current
Statutory director · appointed by deed of 28-12-2023 · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 09-07-2026
Norga Johan
Current
Statutory director · appointed by deed of 28-12-2023 · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 09-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 28-12-2023Owners and capital
Owners
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Norga Geert |
|
| Norga Johan |
|
Network & group
Parent company per the LEI register
Parent company:
none declared
Own declaration in the LEI register: 894500A5ZDD4MDC48H26
Companies at the same address
2 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
PASCO INVEST
Founded in 2018 · total assets €2.4m (2025)
→
Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
09-07
abbreviated format · 22 days before the deadline
2025
31-12
Financial
Weakest financial yearnet €32,378 ▼90.5%
The net result drops to €32,378, the lowest from 2019 to 2025.
11-07
abbreviated format · 20 days before the deadline
2024
16-07
abbreviated format · 15 days before the deadline
2023
28-12
Gazette deed
2 directors appointed, 2 directors reappointedAppointments: Norga Geert (statutory director) and Norga Johan (statutory director) · Reappointments: Norga Geert (statutory director) and Norga Johan (statutory director)7 points ▸
Gazette deed
2 directors appointed, 2 directors reappointed
Appointments: Norga Geert (statutory director) and Norga Johan (statutory director) · Reappointments: Norga Geert (statutory director) and Norga Johan (statutory director)7 points ▸
- Director appointment, Norga Geert (statutory director)
- Director appointment, Norga Johan (statutory director)
- Director reappointment, Norga Geert (statutory director)
- Director reappointment, Norga Johan (statutory director)
- Registered office clause, Meersbloem-Leupegem 13, 9700 Oudenaarde
- Power of attorney, Floris Ghys
- General meeting, 12-12-2023
- The deed holds 7 more points.
12-07
abbreviated format · 18 days before the deadline
2022
30-12
Financial
Equity above €1mequity €1.1m ▲40.5%
With a profit in every financial year since 2019, equity grows to €1.1m.
12-07
abbreviated format · 18 days before the deadline
2021
15-07
abbreviated format · 15 days before the deadline
2020
06-07
abbreviated format · 24 days before the deadline
2018
18-06
abbreviated format · 43 days before the deadline
2017
29-06
abbreviated format · 32 days before the deadline
2016
09-06
abbreviated format · 52 days before the deadline
1990
08-09
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
ART - CASTING in Dutch
Enterprise number
0441.456.205
LEI code
894500A5ZDD4MDC48H26
live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
21-08-1990
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-12-2023 (in Dutch)Registered office and establishments
Registered office
Meersbloem-Leupegem 13, 9700 Oudenaarde, Belgium
Establishment unit
ART-CASTING, Meersbloem-Leupegem 13, 9700 Oudenaarde since 03-10-1990 · unit number 2.049.708.186 25999 Manufacture of fabricated metal products, except machinery and equipment
Website
www.artcasting.be
Activities
NACEBEL 2025VAT activities
25530
Machining of metals main activity
Social security (RSZ) activities
25999
Manufacture of fabricated metal products, except machinery and equipment main activity
Codes under NACEBEL 2008
VAT activities
25620
Manufacture of fabricated metal products, except machinery and equipment main activity
Social security (RSZ) activities
25999
Manufacture of fabricated metal products, except machinery and equipment main activity
Codes under NACEBEL 2003
VAT activities
28520
main activity
Social security (RSZ) activities
28754
main activity
Joint committees
209 White-collar workers in metal manufacturing
111 Metal, mechanical and electrical engineering annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 28-12-2023 (in Dutch)
“Het ontwerpen en vervaardigen van kunstwerken,monumenten,prototypes,maquettes,gietmodellen,meubilair,decoratie-artikelen,signalisatie-artike…”
45 activities
- Het ontwerpen en vervaardigen van kunstwerken,monumenten,prototypes,maquettes,gietmodellen,meubilair,decoratie-artikelen,signalisatie-artikelen,belettering,tekstplaten,awards,logo’s,geschenkartikelen,architecturaal hardware en andere.
- Deze kunnen worden ontworpen en vervaardigd in verschillende metalen,kunststoffen of andere materialen en gerealiseerd d.m.v. alle mogelijke productietechnieken zoals boetseren,CAD,scannen,afvormen,gietwerk,freeswerk,constructie,gravures,snij-,las-,plooi-werk,digitale productietechnieken zoals 3d printen,allerhande af- en bewerkingstechnieken en andere.
- De vennootschap kan deze activiteiten evenals alle randactiviteiten die wenselijk of noodzakelijk zijn voor de opdracht uitvoeren in opdracht van derden of voor eigen rekening d.m.v. eigen productie,in maakloonwerk,geheel of gedeeltelijk in onderaanneming of in samenwerkingsverband met derden.
- Het maken van kisten of andere beschermingsmiddelen;
- Het maken van sokkels of andere tentoonstellings- of installatie-attributen in allerlei materialen;
- Restauratie van alle soorten metalen monumenten,
- Het opmaken van begeleidende dossiers(fotografisch of technische documentatie);
- Algemeen transporten en kunsttransporten in binnen- en buitenland;
- Installaties en alle nodige werken op de installatie-locatie zoals onder andere stabiliteits- en verankeringsstudies,funderingen,kraan- en hijswerken,installatie van technische installaties,afwerkingswerken aan de site en dergelijke;
- Opslag en verhuur van opslagruimte van eigen goederen en goederen van derden;
- Verhuur van werkruimtes voor derden;
- Het verwijderen en vernietigen van goederen van derden in hun opdracht;
- Verhandelen van goederen en kunstobjecten,inclusief het organiseren van(verkoops)tentoonstellingen;
- Algemene constructie van metaalwerken;
- Het aankopen,vervaardigen en verkopen van sierstukken en allerlei voorwerpen in metaal en synthetische grondstoffen,alsook het restaureren van dergelijke voorwerpen;
- De aankoop,de verkoop,de import,de export en de bewerking van alle metalen,in het bijzonder het smelten,de omvorming en het gieten van deze metalen,alsmede de aankoop en verkoop,import en export van zulk gietwerk;
- Graveerwerken;
- Alle mogelijke verrichtingen die rechtstreeks of onrechtstreeks verband houden met het onderhoud,de renovatie,het herstel,de verfraaiing,de vernieuwing en de modernisering van alle soorten kunstwerken,en onroerende goederen en algemeen genomen,alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met openbare en particulieren bouwwerken;
- Het verstrekken van advies en bijstand,zowel technisch als administratief en commercieel,aan alle vennootschappen en ondernemingen voor alle mogelijke aangelegenheden met betrekking tot de sector van de gieterij;
- De aankoop,de verkoop,de huur,de invoer en de uitvoer van alle mogelijke materialen,goederen,toestellen en materieel,noodzakelijk voor de bouw,het onderhoud,het herstel en de vernieuwing van kunstwerken en gebouwen;
- Verhuur en exploitatie van eigen of geleasede niet-residentiële gebouwen zoals bedrijfsgebouwen,kantoorgebouwen,handelspanden,tentoonstellingsruimtes,enz.;Verhuur en exploitatie van eigen of geleased residentieel onroerend goed;verhuur van grond en terreinen.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de renovatie,de verbouwing,de binnenhuisinrichting en decoratie,de huur- en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten.
- Handel in eigen onroerende goederen:handelspanden,industriële gebouwen,magazijnen en loodsen,flatgebouwen en woningen,niet voor bewoning bestemde gebouwen,grond,terreinen,enz.
- Het nemen van participaties in andere vennootschappen,ondernemingen en verenigingen door middel van aankoop van rechten,inbreng of op elke andere wijze.De vennootschap mag belangen nemen,hetzij door deelneming,inbreng of elke andere wijze in alle vennootschappen,ondernemingen,verenigingen of groeperingen,bestaande of op te richten,zowel in België als in het buitenland.
- Het waarnemen van alle mandaten,waaronder bestuurder,zaakvoerder,vereffenaar,in Belgische en/of buitenlandse vennootschappen en verenigingen.
- Juridische en zakelijke dienstverlening met betrekking tot het beleid van ondernemingen,verenigingen en instellingen;het waarnemen van de algemene leiding en beheer van ondernemingen,verenigingen en instellingen en/of van de leiding en beheer van specifieke afdelingen en diensten.
- Het verlenen van adviezen aan bedrijven en verenigingen uit de private en de publieke sector.
- Het uitvoeren van administratief-organisatorische opdrachten,bijstand bij de leiding van vennootschappen,ondernemingen en verenigingen,het verstrekken van advies en verlenen van bijstand aan het beheer op het gebied van onder andere management,administratieve organisatie,het opzetten van interne audit,het verbeteren van bestaande en nieuwe beheerstechnieken en managementsystemen,het verstrekken van informatie,het selecteren,opleiden van personeel.
- Advies en analyse van de financiële behoeften van de onderneming en de begeleiding en onderhandeling met financiële instellingen,toezien op de optimale aanwending van kredieten,budgettering en budgetcontrole.
- Het uitvoeren van alle studies en onderzoek;het verrichten van marktonderzoek;promotie,raadgeving;prospectie;marketing;assistentie op gebied van management,engineering en consulting;technisch,commercieel,administratief,financieel,fiscaal en juridisch beheer en advies.
- De publiciteit,reclame,marketing en algemene communicatie onder alle vormen en het uitvoeren van alle werken die voor de verwezenlijking van publiciteit,reclame,marketing en algemene communicatie noodzakelijk zijn,zonder enige beperking.
- Het verlenen van administratieve diensten en diensten m.b.t. informatie- en communicatietechnologie.
- Het verstrekken van onderwijs en opleidingen;het organiseren van events,studiedagen,congressen en seminaries.
- Het ontwikkelen,kopen,verkopen,beheer,in waarde stellen,in licentie nemen of geven van brevetten,octrooien,know-how en andere intellectuele eigendomsrechten;het verwerven en te gelde maken van alle fabrieksmerken,octrooien en andere eruit voortvloeiende of aanvullende rechten en deelnemen aan de opbouw,de ontwikkeling en het beheer van alle vennootschappen.
- Het verlenen van advies met betrekking tot het beheer van vennootschappen,ondernemingen en verenigingen;het verlenen van managementbijstand aan en het uitvoeren van managementtaken in vennootschappen en ondernemingen,het exploiteren van alle intellectuele rechten en rechten van industriële of commerciële eigendom.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur- en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;in het algemeen zal de vennootschap alle roerende en financiële verrichtingen mogen stellen,die nodig of nuttig kunnen zijn voor de verwezenlijking van haar voorwerp.
- Het optreden als tussenpersoon inzake handel,in de ruimste zin van het woord,waaronder verstaan makelaarsactiviteiten,commissiehandel en handelsagentuur zowel in binnen- als buitenlandse handel.
- Het optreden en handelen als dienstverlener en/of als tussenpersoon bij alle vormen van adviesverlening,managementdiensten en hulp aan het bedrijfsleven,de non-profit sector en de overheid op het gebied van planning,organisatie,efficiëntie en toezicht,het verschaffen van informatie aan bedrijfsleiding en dit in de meest ruime zin.
- De ontwikkeling,de vervaardiging,de aankoop en verkoop,zowel in groot- als in kleinhandel,trading,de import,de export,de agentuur,de vertegenwoordiging,de commissiehandel,de ruiling en de verhuring,inclusief de diverse vormen van leasing,van allerlei producten,zowel grondstoffen,halffabricaten,commerciële en afgewerkte producten van alle aard en dit in de meest ruime zin,voor zover door de wet toegelaten.
- Het onderzoek,de ontwikkeling,de vervaardiging en/of de commercialisering van nieuwe producten en diensten,nieuwe vormen van technologie en hun toepassingen.
- Het deelnemen,onder gelijk welke vorm,aan de oprichting,uitbreiding,omzetting,fusie,opslorping,het bestuur en de controle van ondernemingen;ze kan verder alle hulp verlenen aan ondernemingen waarin ze belang stelt onder meer onder de vorm van leningen,voorschotten of borgstellingen,alsook bij wijze van bijstand inzake bestuur en/of administratie.De vennootschap mag zich borg stellen of zakelijke zekerheden verlenen mits vergoeding,onder voorbehoud evenwel van de verbodsbepaling opgenomen in artikel 5:152 Wetboek van vennootschappen en verenigingen
- Het toestaan van leningen en kredietopeningen,het als leasinggever verlenen van leasings van roerende en onroerende goederen,aan vennootschappen en particulieren,onder om het even welke vorm voor zover door de wet toegelaten.In dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarbanken,hypotheekmaatschappijen en kapitalisatieondernemingen.
- Daarnaast kan de vennootschap alle noodzakelijke handelingen stellen die de uitvoering van de opdracht op zich mogelijk maakt of een actie vereist tijdens de levensduur van het goed of object.
- Hieronder valt onder meer adviesverlening,verlenen van assistentie,expertises,organisatie-,beheer- en coördinatie-opdrachten evenals restauratie en conservatie en onderhoud van het goed of object.
- De vennootschap kan maakloonwerk uitvoeren waarbij een roerend goed wordt samengesteld of vervaardigd door middel van materialen en voorwerpen die door de opdrachtgever worden verstrekt.
Invoicing and payment
VAT number
BE 0441.456.205
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 15:00
deed of 28-12-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
6,541 m²
Building footprint
1,284 m²
Building volume
10,224 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45507A0005/00M000 | Flanders | 6,541 m² | 1 · 1,283 m² | 10.1 m · 3 |