ART-H.
ActiveSummary
ART-H. has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €784k and a net result of €212k. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-2
Solvency82▲+18
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.58 in 2024; short-term debt: 43.4% and cash: 15.1% of total assets), and 43.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
56.6%
Return on assets
15.3%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 €784k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-12-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
57 d early
2023
63 d early
2022
50 d early
2021
63 d early
2020
60 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€212k▼ 14.2%
2024 · €247k
2019: €105k
2020: €101k
2021: €25k
2022: €166k
2023: €298k
2024: €247k
2019 → 2025
Working capital
€549k▲ 7.0%
2024 · €513k
2019: €671k
2020: €728k
2021: €714k
2022: €635k
2023: €481k
2024: €513k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€759k-€676k▼ 10.9%€525k▼ 22.4%€572k▲ 9.0%€784k▲ 37.0%
Operating result€45k-€239k▲ 433%€407k▲ 70.5%€340k▼ 16.6%€260k▼ 23.6%
Net result€25k-€166k▲ 561%€298k▲ 80.0%€247k▼ 17.2%€212k▼ 14.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.38M
Fixed assets
€235k ▲ 241%
Current assets
€1.15M ▼ 18.0%
Equity and liabilities €1.38M
Equity
€784k ▲ 37.0%
Debt
€600k ▼ 33.1%
Debt's share of the balance-sheet total falls from 61.1% to 43.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€290k▼
2024 · €356k
Cash flow
€242k▼
2024 · €263k
Current ratio
1.91▲
2024 · 1.58
Quick ratio
0.90▲
2024 · 0.73
Debt to equity
0.77▼
2024 · 1.57
ROE
27.0%▼
2024 · 43.2%
ROA
15.3%▼
2024 · 16.8%
Interest coverage
191.21▲
2024 · 118.82
Debt ≤ 1 year
€600k▼
2024 · €888k
Income taxes
€103k▲
2024 · €93k
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 · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.47M€1.38M▼
Fixed assets21/28€69k€235k▲
Tangible fixed assets22/27€52k€218k▲
Plant, machinery and equipment23€992€5k▲
Furniture and vehicles24€23k€63k▲
Other tangible fixed assets26€28k€150k▲
Financial fixed assets28€17k€17k=
Current assets29/58€1.40M€1.15M▼
Stocks and contracts in progress3€748k€608k▼
Stocks30/36€748k€608k▼
Amounts receivable within one year40/41€335k€327k▼
Trade receivables40€299k€305k▲
Other amounts receivable41€36k€22k▼
Current investments50/53€200k-
Cash at bank and in hand54/58€117k€209k▲
Deferred charges and accrued income490/1€967€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.47M€1.38M▼
Equity10/15€572k€784k▲
Contributions10/11€19k€19k=
Reserves13€702k€702k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€700k€700k=
Profit (loss) carried forward14€-149k€63k▲
Amounts payable17/49€898k€600k▼
Amounts payable after more than one year17€10k-
Financial debts170/4€10k-
Amounts payable within one year42/48€888k€600k▼
Current portion of amounts payable after more than one year42€13k€10k▼
Trade debts44€599k€358k▼
Suppliers440/4€599k€358k▼
Taxes, remuneration and social security45€68k€86k▲
Taxes450/3€68k€86k▲
Other amounts payable47/48€208k€146k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€31k▲
Other operating charges640/8€2k€9k▲
Gross operating margin9900€359k€300k▼
Operating profit (loss)9901€340k€260k▼
Financial income75/76B€3k€57k▲
Recurring financial income75€3k€57k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€340k€315k▼
Income taxes67/77€93k€103k▲
Profit (loss) for the period9904€247k€212k▼
Profit (loss) for the period to be appropriated9905€247k€212k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€63k▲
Profit (loss) brought forward from the previous period14P€-196k€-149k▲
Profit to be distributed694/7€200k-
Directors or managers695€200k-
The notes to these accounts (8 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
2025
13-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Highest result since 2019net €298k ▲80%
Operating result €407k, net result €298k, both a record.
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Weakest financial yearnet €25k ▼75.2%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
08-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
31-05
State Gazette act
Resignation: Jean-Marc Piron (manager)Appointment: SPRL Ocelot Limited (manager) · Permanent representative: Jean-Marc Piron · Director discharge6 facts ▸
State Gazette act
Resignation: Jean-Marc Piron (manager)
Appointment: SPRL Ocelot Limited (manager) · Permanent representative: Jean-Marc Piron · Director discharge6 facts ▸
- General meeting, 10/05/2016
- Director resignation, Jean-Marc Piron (manager)
- Director discharge, Jean-Marc Piron
- Director appointment, SPRL Ocelot Limited (manager)
- Permanent representative, Jean-Marc Piron
- Mandate compensation, SPRL Ocelot Limited
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2016
SPRL Ocelot Limited
Not recently confirmedManager · since 31-05-2016 · Legal entity
31-05-2016
SPRL Ocelot Limited: Appointed as Manager
31-05-2016
Jean-Marc Piron: Resigned as Manager
Location & real-estate footprint
Registered office, Oudergem · 1 establishment unit since 2001
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.
Waverse steenweg 14871160 OudergemGround area
207 m²
Building footprint
211 m²
Volume, LiDAR
1,461 m³
Parcel 21002A0092/00Z000, Brussels · tallest building 14.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Waverse steenweg 1487, 1160 Oudergem
since 20012.098.530.365
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21002A0092/00Z000 | Brussels | 207 m² | 1 · 211 m² | 14.4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudergem2.098.530.365
Similar companies · same sector, comparable size
WIJNHANDEL ANNICAERT
BE 0825.080.020
Brugge · Eq €782k
BEERNAERT IMPORT
BE 0888.763.191
Roeselare · Eq €819k
OCELOT LIMITED
BE 0653.850.868
Oudergem · Eq €822k
LE GRAND COMPTOIR DU VIN
BE 0436.736.461
Chapelle-lez-Herlaimont · Eq €742k
142
BE 0888.610.763
Mechelen · Eq €735k
Of 1,050 companies in sector 46341 we hold annual accounts for 534. 294 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
Founded26-06-2001
Fiscal year end30-06
Activities, NACEBEL 2025
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.