ART’COUV

Active

Private limited companyfounded 20214 yrs activeRue Tewée 5, 4400 Flémalle, BelgiumKBO/BCE: BE 0775.475.606

Summary

The computed 12-month bankruptcy probability of ART’COUV is 3.3% (moderate). The 2024 annual accounts show equity of €114k and a net result of €-544. Equity is growing by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability46▼-34

Solvency40=

Growth52▼-26

Track record94

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days only on tighter terms

Liquidity tight (current ratio 1.23 against 1.11 in 2023; short-term debt: 15.8% and cash: 0% of total assets), and 85.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

14.7%

Return on assets

-0.1%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 36375 sector peers (2024).

NBB · sector comparison

Position among 36375 sector peers

Solvency

better than 17%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

41 d early

2023

2 d early

2022

on the day

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€114k▼ 0.5%

2023 · €115k

2022: €44k 2023: €115k

2022 → 2024

Total assets

€779k▲ 2.9%

2023 · €757k

2022: €589k 2023: €757k

2022 → 2024

Net result

€-544

2023 · €71k

2022: €41k 2023: €71k

2022 → 2024

Working capital

€29k▲ 58.5%

2023 · €18k

2022: €919 2023: €18k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€44k-€115k▲ 163%€114k▼ 0.5%

Operating result€46k-€95k▲ 107%€22k▼ 77.0%

Net result€41k-€71k▲ 74.6%€-544

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 77% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €779k

80.5%

19.5%

Fixed assets €627k ▲ 9.7%

Current assets €152k ▼ 18.1%

Equity and liabilities €779k

14.7%

85.3%

Equity €114k ▼ 0.5%

Debt €665k ▲ 3.5%

Debt's share of the balance-sheet total rises from 84.8% to 85.3%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€74k▼

2023 · €135k

Cash flow

€52k▼

2023 · €111k

Current ratio

1.23▲

2023 · 1.11

Quick ratio

0.97▼

2023 · 1.11

Debt to equity

5.82▲

2023 · 5.59

ROE

-0.5%▼

2023 · 61.9%

ROA

-0.1%▼

2023 · 9.4%

Interest coverage

3.34▼

2023 · 11.17

Debt ≤ 1 year

€123k▼

2023 · €168k

Debt > 1 year

€537k▲

2023 · €471k

Income taxes

€140▼

2023 · €12k

Staff costs

€105k▲

2023 · €77k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines

Balance sheet Code20232024

Assets

Total assets20/58€757k€779k▲

Fixed assets21/28€571k€627k▲

Tangible fixed assets22/27€571k€627k▲

Land and buildings22€489k€543k▲

Plant, machinery and equipment23€19k€12k▼

Furniture and vehicles24€63k€57k▼

Leasing and similar rights25€0-

Other tangible fixed assets26-€15k

Current assets29/58€186k€152k▼

Stocks and contracts in progress3€0€32k▲

Stocks30/36€0€32k▲

Amounts receivable within one year40/41€174k€115k▼

Trade receivables40€93k€40k▼

Other amounts receivable41€81k€75k▼

Cash at bank and in hand54/58€0€0=

Deferred charges and accrued income490/1€12k€5k▼

Equity and liabilities

Total equity and liabilities10/49€757k€779k▲

Equity10/15€115k€114k▼

Contributions10/11€3k€3k=

Profit (loss) carried forward14€112k€111k▼

Amounts payable17/49€642k€665k▲

Amounts payable after more than one year17€471k€537k▲

Financial debts170/4€471k€537k▲

Amounts payable within one year42/48€168k€123k▼

Current portion of amounts payable after more than one year42€31k€31k▲

Financial debts43€5k€10k▲

Credit institutions430/8€5k€10k▲

Trade debts44€115k€43k▼

Suppliers440/4€115k€43k▼

Taxes, remuneration and social security45€16k€17k▲

Taxes450/3€12k€13k▲

Remuneration and social security454/9€5k€4k▼

Other amounts payable47/48€0€23k▲

Accrued charges and deferred income492/3€4k€4k▲

Income statement Code20232024

Remuneration, social security and pensions62€77k€105k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€52k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€5k

Other operating charges640/8€962€247▼

Gross operating margin9900€213k€184k▼

Operating profit (loss)9901€95k€22k▼

Financial income75/76B€80€2▼

Recurring financial income75€80€2▼

Financial charges65/66B€12k€22k▲

Recurring financial charges65€12k€22k▲

Profit (loss) for the period before taxes9903€83k€-404▼

Income taxes67/77€12k€140▼

Profit (loss) for the period9904€71k€-544▼

Profit (loss) for the period to be appropriated9905€71k€-544▼

Appropriation of the result

Profit (loss) to be appropriated9906€112k€111k▼

Profit (loss) brought forward from the previous period14P€41k€112k▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 3Filings 3

2025

20-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-544 ▼101%

Net result drops to €-544, the lowest in the series.

29-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2022net €71k ▲74.6%

Operating result €95k, net result €71k, both a record.

31-12

Financial Equity above €100kEq €115k ▲163%

2 profitable years in a row build equity to €115k.

31-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Flémalle · 1 establishment unit since 2021

establishment approximate The establishment unit on the map

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.

Rue Tewée 54400 Flémalle

Ground area

84 m²

Building footprint

44 m²

Parcel 62007A0516/00K002, Wallonia. Linked by address, not a title deed.

1 establishment unit

ART’COUV

Rue Tewée 5, 4400 FlémalleSite preparation

since 20212.324.114.159

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62007A0516/00K002	Wallonia	84 m²	1 · 44 m²	-

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.

Recognitions · licences · registrations

Recognised contractor

8 categories

ART’COUV SRL46318

category D12, class 1 · category D21, class 1 · category D22, class 1 · category D23, class 1 · category D24, class 1 · category D4, class 1 · category D8, class 1 · category T2, class 1

decision 01-06-2026

Similar companies · same sector, comparable size

TOITURES BROHEE

BE 0549.905.074

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DAKWERKEN FRANSSEN DAVID BV

BE 0740.590.743

Tongeren-Borgloon · Eq €114,121

TOITURES NAPOLITANO

BE 0542.486.257

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Dakwerken Kristof Beyens

BE 0628.476.361

Heist-op-den-Berg · Eq €114,706

MINE Fabrice

BE 0898.849.807

Anhée · Eq €113,683

Of 8,561 companies in sector 43410 we hold annual accounts for 4,357. 3,802 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded07-10-2021

Fiscal year end31-12

Activities, NACEBEL 2025

43410Roofing work

43120Site preparation

43230Insulation installation

43421Specialised construction activities

81220Other building cleaning and industrial cleaning

91300Libraries, archives, museums and other cultural activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.