ART-EL
ActiveART-EL has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €311k and a net result of €37k. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-1
Solvency53▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.16 in 2024; short-term debt: 12.1% and cash: 3.5% of total assets), but 72.3% 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.
−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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
27.7%
Return on assets
3.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
70 d early
2023
35 d early
2022
60 d late
2021
5 d early
2020
1 d early
2019
8 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€311k▲ 13.5%
2024 · €274k
2018: €25k
2019: €37k
2020: €108k
2021: €137k
2022: €181k
2023: €234k
2024: €274k
2018 → 2025
Total assets
€1.12M▼ 6.4%
2024 · €1.20M
2018: €141k
2019: €137k
2020: €231k
2021: €246k
2022: €253k
2023: €1.84M
2024: €1.20M
2018 → 2025
Net result
€37k▼ 7.3%
2024 · €40k
2018: €47k
2019: €12k
2020: €71k
2021: €30k
2022: €43k
2023: €54k
2024: €40k
2018 → 2025
Working capital
€75k▲ 135%
2024 · €32k
2018: €2k
2019: €14k
2020: €96k
2021: €128k
2022: €171k
2023: €-17k
2024: €32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€137k-€181k▲ 31.4%€234k▲ 29.6%€274k▲ 17.0%€311k▲ 13.5%
Operating result€48k-€68k▲ 40.5%€81k▲ 18.3%€92k▲ 14.0%€92k▲ 0.6%
Net result€30k-€43k▲ 45.3%€54k▲ 24.1%€40k▼ 25.4%€37k▼ 7.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€911k▼ 6.0%
Current assets
€211k▼ 7.9%
Equity and liabilities €1.12M
Equity
€311k▲ 13.5%
Debt
€811k▼ 12.3%
The debt ratio falls from 77.1% to 72.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€151k▲
2024 · €150k
Cash flow
€95k▼
2024 · €98k
Solvency
27.7%▲
2024 · 22.9%
Current ratio
1.55▲
2024 · 1.16
Quick ratio
1.54▲
2024 · 1.15
Debt / equity
2.61▼
2024 · 3.37
ROE
11.9%▼
2024 · 14.6%
ROA
3.3%▼
2024 · 3.3%
Interest coverage
3.62▼
2024 · 3.75
Debt
€811k▼
2024 · €925k
Debt ≤ 1 year
€136k▼
2024 · €197k
Debt > 1 year
€675k▼
2024 · €727k
Income taxes
€15k▼
2024 · €17k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.20M€1.12M▼
Fixed assets21/28€970k€911k▼
Tangible fixed assets22/27€970k€911k▼
Land and buildings22€970k€911k▼
Plant, machinery and equipment23-€0
Furniture and vehicles24-€0
Current assets29/58€229k€211k▼
Amounts receivable after more than one year29€0-
Trade receivables290€0-
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€162k€167k▲
Trade receivables40€156k€146k▼
Other amounts receivable41€6k€22k▲
Cash at bank and in hand54/58€65k€39k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.12M▼
Equity10/15€274k€311k▲
Contributions10/11€6k€6k=
Reserves13€268k€305k▲
Distributable reserves133€268k€305k▲
Amounts payable17/49€925k€811k▼
Amounts payable after more than one year17€727k€675k▼
Financial debts170/4€727k€675k▼
Amounts payable within one year42/48€197k€136k▼
Current portion of amounts payable after more than one year42€50k€52k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€65k€33k▼
Suppliers440/4€65k€33k▼
Advances received on contracts in progress46€9k€13k▲
Taxes, remuneration and social security45€17k€15k▼
Taxes450/3€12k€8k▼
Remuneration and social security454/9€4k€8k▲
Other amounts payable47/48€57k€22k▼
Accrued charges and deferred income492/3€300-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€58k=
Other operating charges640/8€5k€5k▼
Gross operating margin9900€155k€155k=
Operating profit (loss)9901€92k€92k▲
Financial income75/76B€5k€826▼
Recurring financial income75€5k€826▼
Financial charges65/66B€40k€42k▲
Recurring financial charges65€40k€42k▲
Profit (loss) for the period before taxes9903€57k€52k▼
Income taxes67/77€17k€15k▼
Profit (loss) for the period9904€40k€37k▼
Profit (loss) for the period to be appropriated9905€40k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€37k▼
Transfer to equity691/2€40k€37k▼
To the legal reserve6920€0-
To other reserves6921€40k€37k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €234k ▲29.6%
6 profitable years in a row build equity to €234k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Equity above €150kEq €181k ▲31.4%
5 profitable years in a row build equity to €181k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €71k ▲493%
Operating result €100k, net result €71k, both a record.
31-12
Financial
Equity above €100kEq €108k ▲192%
3 profitable years in a row build equity to €108k.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €12k ▼74.4%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Bonheiden · 1 establishment unit since 2017
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.
Hoogstraat 232820 BonheidenGround area
241 m²
Building footprint
96 m²
Volume, LiDAR
351 m³
Parcel 12031C0502/00A000, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ART-EL
since 20172.265.131.132
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031C0502/00A000 | Flanders | 241 m² | 1 · 96 m² | 7.5 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 417 EUR awarded · 417 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 417 EUR | 417 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,328. 7,514 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-2017
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
41001General construction of residential buildings
41003General construction of other non-residential buildings
42220Construction of utility projects for electricity and telecommunications
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
43999Specialised construction activities
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.