ART DECO
ActiveSummary
The computed 12-month bankruptcy probability of ART DECO is 1.6% (moderate). The 2025 annual accounts show equity of €54,778 and a net result of €18,458. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 93% of 7625 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+36
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 5.65 against 1.25 in 2024; short-term debt: 11.5% and cash: 20.3% of total assets), and 11.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
88.5%
Return on assets
29.8%
Age of the figures
9 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €54,778
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 · 7 filingsDeviation from the deadline
2025
54 d late
2024
41 d early
2023
104 d late
2022
70 d late
2021
65 d late
2020
86 d late
2019
677 d late
← 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 145 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 4 October (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€54,778▲ 46.7%
2024 · €37,332
Total assets
€61,886▼ 35.1%
2024 · €95,339
Net result
€18,458▼ 46.5%
2024 · €34,505
Working capital
€33,069▲ 126%
2024 · €14,623
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€609-€8,479▼ 1,293%€41,504€18,535▼ 55.3%
Net result-€775below the sector's middle half▼ 241%-€8,671below the sector's middle half▼ 1,019%€34,505above the sector's middle half€18,458within the sector's middle half▼ 46.5%
Equity€11,498below the sector's middle half▼ 6.3%€2,827below the sector's middle half▼ 75.4%€2,827below the sector's middle half=€37,332within the sector's middle half▲ 1,221%€54,778within the sector's middle half▲ 46.7%
Total assets€27,998below the sector's middle half▲ 124%€53,515below the sector's middle half▲ 91.1%€52,015below the sector's middle half▼ 2.8%€95,339within the sector's middle half▲ 83.3%€61,886within the sector's middle half▼ 35.1%
Debt€16,500▲ 7,137%€50,688▲ 207%€49,188▼ 3.0%€58,007▲ 17.9%€7,108▼ 87.7%
Working capital-€4,602below the sector's middle half-€15,673below the sector's middle half▼ 241%-€15,673below the sector's middle half=€14,623within the sector's middle half€33,069within the sector's middle half▲ 126%
Solvency41.1%within the sector's middle half▼ 57.1pp5.3%below the sector's middle half▼ 35.8pp5.4%below the sector's middle half▲ 0.2pp39.2%within the sector's middle half▲ 33.7pp88.5%above the sector's middle half▲ 49.4pp
Current ratio0.72below the sector's middle half▼ 54.110.69below the sector's middle half▼ 0.030.68below the sector's middle half▼ 0.011.25within the sector's middle half▲ 0.575.65above the sector's middle half▲ 4.40
Return on assets (ROA)-2.8%below the sector's middle half▼ 1.0pp-16.2%below the sector's middle half▼ 13.4pp36.2%above the sector's middle half29.8%above the sector's middle half▼ 6.4pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61,886
Fixed assets
€21,709 ▼ 4.4%
Current assets
€40,177 ▼ 44.7%
Equity and liabilities €61,886
Equity
€54,778 ▲ 46.7%
Debt
€7,108 ▼ 87.7%
Debt's share of the balance-sheet total falls from 60.8% to 11.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,535▼
2024 · €42,296
Cash flow
€19,458▼
2024 · €35,297
Debt to equity
0.13▼
2024 · 1.55
ROE
33.7%▼
2024 · 92.4%
Interest coverage
255.36▼
2024 · 553.17
Debt ≤ 1 year
€7,108▼
2024 · €58,007
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 26,975 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 |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €62,491 | €41,364 | ▼ 33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €791 | €1,000 | ▲ 26.4% |
| Other operating charges640/8 | - | - | - | €656 | €812 | ▲ 23.8% |
| Gross operating margin9900 | -€609 | -€8,479 | - | €42,951 | €20,347 | ▼ 52.6% |
| Operating profit (loss)9901 | -€609 | -€8,479 | - | €41,504 | €18,535 | ▼ 55.3% |
| Financial charges65/66B | €167 | €192 | - | €76 | €77 | ▲ 0.1% |
| Recurring financial charges65 | €167 | €192 | - | €76 | €77 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | -€775 | -€8,671 | - | €41,428 | €18,458 | ▼ 55.4% |
| Income taxes67/77 | - | - | - | €6,923 | - | - |
| Profit (loss) for the period9904 | -€775 | -€8,671 | - | €34,505 | €18,458 | ▼ 46.5% |
| Profit (loss) for the period to be appropriated9905 | -€775 | -€8,671 | - | €34,505 | €18,458 | ▼ 46.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,998 | €53,515 | €52,015 | €95,339 | €61,886 | ▼ 35.1% |
| Fixed assets21/28 | €16,100 | €18,500 | €18,500 | €22,709 | €21,709 | ▼ 4.4% |
| Tangible fixed assets22/27 | - | - | - | €4,209 | €3,209 | ▼ 23.8% |
| Furniture and vehicles24 | - | - | - | €4,209 | €3,209 | ▼ 23.8% |
| Financial fixed assets28 | €16,100 | €18,500 | €18,500 | €18,500 | €18,500 | = |
| Current assets29/58 | €11,898 | €35,015 | €33,515 | €72,630 | €40,177 | ▼ 44.7% |
| Amounts receivable within one year40/41 | €11,882 | €35,007 | €33,507 | €59,289 | €27,601 | ▼ 53.4% |
| Trade receivables40 | - | €33,507 | €33,507 | €39,507 | €577 | ▼ 98.5% |
| Other amounts receivable41 | €11,882 | €1,500 | - | €19,782 | €27,024 | ▲ 36.6% |
| Cash at bank and in hand54/58 | €16 | €8 | €8 | €13,341 | €12,576 | ▼ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,998 | €53,515 | €52,015 | €95,339 | €61,886 | ▼ 35.1% |
| Equity10/15 | €11,498 | €2,827 | €2,827 | €37,332 | €54,778 | ▲ 46.7% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Capital10 | €12,500 | €12,500 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €6,100 | €6,100 | - | - | - | - |
| Profit (loss) carried forward14 | -€1,002 | -€9,673 | -€9,673 | €24,832 | €42,278 | ▲ 70.3% |
| Amounts payable17/49 | €16,500 | €50,688 | €49,188 | €58,007 | €7,108 | ▼ 87.7% |
| Amounts payable within one year42/48 | €16,500 | €50,688 | €49,188 | €58,007 | €7,108 | ▼ 87.7% |
| Trade debts44 | - | €14,177 | €14,177 | €14,903 | - | - |
| Suppliers440/4 | - | €14,177 | €14,177 | €14,903 | - | - |
| Advances received on contracts in progress46 | - | €22,691 | €22,691 | €22,691 | €5,138 | ▼ 77.4% |
| Taxes, remuneration and social security45 | - | - | - | €20,413 | €1,970 | ▼ 90.3% |
| Taxes450/3 | - | - | - | €11,723 | €1,970 | ▼ 83.2% |
| Remuneration and social security454/9 | - | - | - | €8,690 | - | - |
| Other amounts payable47/48 | €16,500 | €13,820 | €12,320 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€775 | -€8,671 | - | €34,505 | €18,458 | ▼ 46.5% |
| + Depreciation and write-downs630 | - | - | - | €791 | €1,000 | ▲ 26.4% |
| Operating cash flow (approximation) | -€775 | -€8,671 | - | €35,297 | €19,458 | ▼ 44.9% |
| Investment in fixed assets (approximation) | - | -€2,400 | €0 | -€5,000 | €0 | ▲ 100% |
| Change in cash | - | -€8 | €0 | €13,333 | -€765 | ▼ 106% |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
17-06
State Gazette act
Resignation: El Mossaoui Mohamed (director)Appointment: Ahouch Houria (director) · Share transfer · Director discharge7 facts ▸
State Gazette act
Resignation: El Mossaoui Mohamed (director)
Appointment: Ahouch Houria (director) · Share transfer · Director discharge7 facts ▸
- General meeting, 31-05-2026
- Share transfer, El Mossaoui Mohamed → Ahouch Houria
- Director resignation, El Mossaoui Mohamed (director)
- Director discharge, El Mossaoui Mohamed (director)
- Director appointment, Ahouch Houria (director)
- Shareholding, 0
- Shareholding, 100
2025
31-12
Financial
Liquidity times 5current ratio 5.65
Current ratio from 1.25 to 5.65; short-term debt falls from €58,007 to €7,108.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €34,505
Net result €34,505, the highest in the series.
12-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 104 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Weakest financial yearnet -€8,671
Net result drops to -€8,671, the lowest in the series; recovery starts the following year.
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 677 days late
11-05
Bankruptcy
Judicial dissolution and immediate closure
Tribunal de l’entreprise francophone de Bruxelles · event 05-05-2022
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Ahouch Houria
CurrentDirector · since 01-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Koekelberg · 1 establishment unit since 2021
Ground area
265 m²
Building footprint
183 m²
Volume, LiDAR
2,099 m³
2 parcels, Brussels · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ART DECO TOLLENS
since 20212.328.285.060
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0171/00W003 | Brussels | 142 m² | 1 · 105 m² | 18.1 m · 5 fl. |
| 21342B0176/00A003 | Brussels | 123 m² | 1 · 78 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Ahouch Houria |
|
| El Mossaoui Mohamed |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 17-06-2026 ↗
- El Mossaoui Mohamed
- Ahouch Houria 100 shares
Share transfer
act of 17-06-2026 ↗
- El Mossaoui Mohamed to Ahouch Houria 100 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 13,148 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
Founded11-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699845003
Registered
22-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.