ART DAVID
ActiveThe computed 12-month bankruptcy probability of ART DAVID is 2.2% (moderate). The 2024 annual accounts show equity of €161k and a net result of €42k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 36376 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability92▲+19
Solvency100▲+7
Growth63▲+20
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 4.33 against 3.05 in 2023; short-term debt: 20.9% and cash: 60.3% of total assets), and 25.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
50 d early
2022
24 d late
2021
31 d late
2020
31 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€409k▲ 14.3%
2023 · €358k
2019: €399k
2020: €447k
2021: €369k
2022: €363k
2023: €358k
2019 → 2024
EBIT margin
14.6%▲ 9.8pp
2023 · 4.8%
2019: 4.5%
2020: 13.2%
2021: 10.5%
2022: 0.2%
2023: 4.8%
2019 → 2024
Net result
€42k▲ 233%
2023 · €12k
2019: €15k
2020: €45k
2021: €28k
2022: €-702
2023: €12k
2019 → 2024
Working capital
€149k▲ 37.3%
2023 · €109k
2019: €-21k
2020: €42k
2021: €86k
2022: €90k
2023: €109k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€447k-€369k▼ 17.5%€363k▼ 1.5%€358k▼ 1.4%€409k▲ 14.3%
Equity€79k-€107k▲ 35.8%€106k▼ 0.7%€119k▲ 11.7%€161k▲ 35.0%
Operating result€59k-€39k▼ 34.9%€829▼ 97.8%€17k▲ 1,962%€60k▲ 248%
Net result€45k-€28k▼ 37.2%€-702€12k€42k▲ 233%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 248% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €215k
Fixed assets
€21k▲ 50.5%
Current assets
€194k▲ 19.9%
Equity and liabilities €215k
Equity
€161k▲ 35.0%
Debt
€54k▼ 4.1%
The debt ratio falls from 32.3% to 25.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73k▲
2023 · €38k
Cash flow
€55k▲
2023 · €33k
Solvency
74.7%▲
2023 · 67.7%
Current ratio
4.33▲
2023 · 3.05
Quick ratio
4.24▲
2023 · 2.93
Debt / equity
0.34▼
2023 · 0.48
ROE
25.9%▲
2023 · 10.5%
ROA
19.3%▲
2023 · 7.1%
Interest coverage
55.20▲
2023 · 39.63
Debt
€54k▼
2023 · €57k
Debt ≤ 1 year
€45k▼
2023 · €53k
Debt > 1 year
€10k▲
2023 · €4k
Income taxes
€17k▲
2023 · €4k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€176k€215k▲
Fixed assets21/28€14k€21k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€14k€21k▲
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€11k€17k▲
Financial fixed assets28€175€175=
Current assets29/58€162k€194k▲
Stocks and contracts in progress3€6k€4k▼
Stocks30/36€6k€4k▼
Amounts receivable within one year40/41€97k€61k▼
Trade receivables40€97k€61k▼
Cash at bank and in hand54/58€59k€130k▲
Equity and liabilities
Total equity and liabilities10/49€176k€215k▲
Equity10/15€119k€161k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€100k€142k▲
Amounts payable17/49€57k€54k▼
Amounts payable after more than one year17€4k€10k▲
Financial debts170/4€4k€10k▲
Amounts payable within one year42/48€53k€45k▼
Current portion of amounts payable after more than one year42€15k€7k▼
Trade debts44€23k€12k▼
Suppliers440/4€23k€12k▼
Taxes, remuneration and social security45€4k€13k▲
Taxes450/3€4k€13k▲
Other amounts payable47/48€11k€13k▲
Income statement
Code20232024
Turnover70€358k€409k▲
Goods, raw materials, services and sundry goods60/61€320k€336k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€13k▼
Other operating charges640/8€384€387▲
Gross operating margin9900€38k€73k▲
Operating profit (loss)9901€17k€60k▲
Financial income75/76B-€4
Recurring financial income75-€4
Financial charges65/66B€958€1k▲
Recurring financial charges65€958€1k▲
Profit (loss) for the period before taxes9903€16k€58k▲
Income taxes67/77€4k€17k▲
Profit (loss) for the period9904€12k€42k▲
Profit (loss) for the period to be appropriated9905€12k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€100k€142k▲
Profit (loss) brought forward from the previous period14P€88k€100k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Equity above €150kEq €161k ▲35%
2 profitable years in a row build equity to €161k.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet €-702 ▼102%
Net result drops to €-702, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €100kEq €107k ▲35.8%
3 profitable years in a row build equity to €107k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €45k ▲196%
Net result €45k, the highest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Walhain · 1 establishment unit since 2018
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 de Libersart(TSL) 281457 WalhainGround area
764 m²
Building footprint
110 m²
Volume, LiDAR
782 m³
Parcel 25104A0142/00S000, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BATI TOIT
since 20182.281.193.540
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25104A0142/00S000 | Wallonia | 764 m² | 1 · 110 m² | 9.3 m · 3 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.
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Of 4,267 companies in sector 43230 we hold annual accounts for 1,240. 1,015 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-2018
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
43310Plastering work
43320Joinery installation
43350Other building finishing work
43910Bricklaying and masonry work
43990Other specialised construction activities
43994Specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:david.art@live.be
Phone:0477/635941