Art-ID
ActiveSummary
Art-ID has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.0m and a net result of €966,015. Equity is growing by ~21% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability92▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330,000 at 30 days acceptable
Liquidity ample (current ratio 5.82 against 4.98 in 2023; short-term debt: 10.5% and cash: 18% of total assets), and 22.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2024Solvency, return and age of the figures
Solvency
77.9%
Return on assets
18.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
37 d early
2024
34 d early
2023
37 d early
2022
46 d early
2021
19 d early
2020
37 d early
2019
36 d early
← 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 35 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 25 June (5 of the last 5 filed years within 30 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 2024, abbreviated schema, 2025 accounts filed, figures not processed yet
In the rankings
#9 company by equity in Grobbendonk, Wholesale and retail trade sector#10 company by total assets in Grobbendonk, Wholesale and retail trade sector
Equity
€4.0m▲ 14.7%
2023 · €3.5m
Total assets
€5.2m▲ 11.0%
2023 · €4.7m
Net result
€966,015▲ 15.5%
2023 · €836,727
Working capital
€2.6m▲ 23.5%
2023 · €2.1m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€938,418▲ 14.9%€1.8m▲ 92.3%€1.7m▼ 4.8%€1.1m▼ 34.7%€1.2m▲ 11.0%
Net result€706,414above the sector's middle half▲ 22.9%€1.4mabove the sector's middle half▲ 103%€1.4mabove the sector's middle half▼ 2.4%€836,727above the sector's middle half▼ 40.2%€966,015above the sector's middle half▲ 15.5%
Equity€1.6mabove the sector's middle half▲ 34.1%€2.7mabove the sector's middle half▲ 70.9%€3.1mabove the sector's middle half▲ 13.9%€3.5mabove the sector's middle half▲ 12.9%€4.0mabove the sector's middle half▲ 14.7%
Total assets€2.3mwithin the sector's middle half▲ 39.5%€3.7mabove the sector's middle half▲ 63.2%€5.0mabove the sector's middle half▲ 34.5%€4.7mabove the sector's middle half▼ 7.3%€5.2mabove the sector's middle half▲ 11.0%
Debt€692,774▲ 53.8%€1.0m▲ 45.4%€1.9m▲ 90.6%€1.1m▼ 40.2%€1.1m▼ 0.4%
Working capital€1.6mabove the sector's middle half▲ 29.1%€2.4mabove the sector's middle half▲ 49.9%€1.7mabove the sector's middle half▼ 31.7%€2.1mabove the sector's middle half▲ 27.4%€2.6mabove the sector's middle half▲ 23.5%
Solvency69.8%above the sector's middle half▼ 2.8pp73.1%above the sector's middle half▲ 3.3pp61.8%within the sector's middle half▼ 11.2pp75.4%above the sector's middle half▲ 13.5pp77.9%above the sector's middle half▲ 2.5pp
Current ratio4.97above the sector's middle half▼ 5.066.87above the sector's middle half▲ 1.912.32within the sector's middle half▼ 4.554.98above the sector's middle half▲ 2.655.82above the sector's middle half▲ 0.85
Return on assets (ROA)30.8%above the sector's middle half▼ 4.2pp38.3%above the sector's middle half▲ 7.5pp27.8%above the sector's middle half▼ 10.5pp18.0%above the sector's middle half▼ 9.9pp18.7%above the sector's middle half▲ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 11% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.2m
Fixed assets
€2.0m ▲ 0.3%
Current assets
€3.1m ▲ 19.2%
Equity and liabilities €5.2m
Equity
€4.0m ▲ 14.7%
Debt
€1.1m ▼ 0.4%
Debt's share of the balance-sheet total falls from 24.6% to 22.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.4m▲
2023 · €1.3m
Cash flow
€1.2m▲
2023 · €1.0m
Quick ratio
5.14▲
2023 · 4.98
Debt to equity
0.28▼
2023 · 0.33
ROE
24.0%▲
2023 · 23.8%
Interest coverage
39.11▼
2023 · 96.79
Debt ≤ 1 year
€540,771▲
2023 · €530,898
Debt > 1 year
€569,813▼
2023 · €615,383
Income taxes
€320,873▲
2023 · €286,669
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,781 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,980 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,872 | €40,948 | €115,790 | €176,666 | €193,317 | ▲ 9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €9,800 | -€24,700 | - | - | - |
| Other operating charges640/8 | - | €5,248 | €31,611 | €19,080 | €24,447 | ▲ 28.1% |
| Non-recurring operating charges66A | - | - | €11,200 | - | - | - |
| Gross operating margin9900 | €986,211 | €1.9m | €1.9m | €1.3m | €1.5m | ▲ 11.1% |
| Operating profit (loss)9901 | €938,418 | €1.8m | €1.7m | €1.1m | €1.2m | ▲ 11.0% |
| Financial income75/76B | - | €55,763 | €51,542 | €14,443 | €77,472 | ▲ 436% |
| Recurring financial income75 | €4,135 | €55,763 | €51,542 | €14,443 | €77,472 | ▲ 436% |
| Financial charges65/66B | - | €14,271 | €11,960 | €13,421 | €36,812 | ▲ 174% |
| Recurring financial charges65 | €8,136 | €14,271 | €11,960 | €13,421 | €36,812 | ▲ 174% |
| Profit (loss) for the period before taxes9903 | €934,417 | €1.8m | €1.8m | €1.1m | €1.3m | ▲ 14.6% |
| Income taxes67/77 | €228,003 | €412,661 | €358,441 | €286,669 | €320,873 | ▲ 11.9% |
| Profit (loss) for the period9904 | €706,414 | €1.4m | €1.4m | €836,727 | €966,015 | ▲ 15.5% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €18,750 | - |
| Profit (loss) for the period to be appropriated9905 | €706,414 | €1.4m | €1.4m | €836,727 | €984,765 | ▲ 17.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €3.7m | €5.0m | €4.7m | €5.2m | ▲ 11.0% |
| Fixed assets21/28 | €264,079 | €899,997 | €2.1m | €2.0m | €2.0m | ▲ 0.3% |
| Intangible fixed assets21 | - | €10,983 | €8,491 | €5,998 | €3,506 | ▼ 41.5% |
| Tangible fixed assets22/27 | €260,079 | €885,014 | €2.1m | €2.0m | €2.0m | ▲ 0.4% |
| Land and buildings22 | - | €804,906 | €1.8m | €1.7m | €1.6m | ▼ 5.4% |
| Plant, machinery and equipment23 | - | €40,333 | €42,252 | €54,859 | €63,869 | ▲ 16.4% |
| Furniture and vehicles24 | - | €25,775 | €247,351 | €211,778 | €303,492 | ▲ 43.3% |
| Other tangible fixed assets26 | - | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Financial fixed assets28 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Current assets29/58 | €2.0m | €2.8m | €2.9m | €2.6m | €3.1m | ▲ 19.2% |
| Stocks and contracts in progress3 | - | - | - | - | €369,156 | - |
| Stocks30/36 | - | - | - | - | €369,156 | - |
| Amounts receivable within one year40/41 | €128,462 | €441,108 | €1.3m | €299,293 | €334,894 | ▲ 11.9% |
| Trade receivables40 | - | €187,582 | €139,285 | €106,288 | €77,050 | ▼ 27.5% |
| Other amounts receivable41 | - | €253,526 | €1.1m | €193,005 | €257,845 | ▲ 33.6% |
| Current investments50/53 | €200,000 | €601,145 | €678,690 | €1.3m | €1.5m | ▲ 12.0% |
| Cash at bank and in hand54/58 | €1.7m | €1.8m | €965,321 | €994,400 | €931,749 | ▼ 6.3% |
| Deferred charges and accrued income490/1 | - | €5,065 | €3,304 | €2,118 | €4,439 | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €3.7m | €5.0m | €4.7m | €5.2m | ▲ 11.0% |
| Equity10/15 | €1.6m | €2.7m | €3.1m | €3.5m | €4.0m | ▲ 14.7% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €1.6m | €2.7m | €3.1m | €3.5m | €4.0m | ▲ 14.8% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | - | - |
| Distributable reserves133 | - | €2.7m | €3.1m | €3.5m | €4.0m | ▲ 15.4% |
| Amounts payable17/49 | €692,774 | €1.0m | €1.9m | €1.1m | €1.1m | ▼ 0.4% |
| Amounts payable after more than one year17 | €284,754 | €594,278 | €668,407 | €615,383 | €569,813 | ▼ 7.4% |
| Financial debts170/4 | - | €594,278 | €668,407 | €615,383 | €569,813 | ▼ 7.4% |
| Amounts payable within one year42/48 | €408,020 | €412,891 | €1.3m | €530,898 | €540,771 | ▲ 1.9% |
| Current portion of amounts payable after more than one year42 | - | €49,614 | €91,191 | €80,414 | €76,247 | ▼ 5.2% |
| Trade debts44 | €117,970 | €204,953 | €123,075 | €84,269 | €168,327 | ▲ 99.8% |
| Suppliers440/4 | - | €204,953 | €123,075 | €84,269 | €168,327 | ▲ 99.8% |
| Advances received on contracts in progress46 | - | - | - | - | €114,021 | - |
| Taxes, remuneration and social security45 | - | €18,128 | €16,494 | €122,308 | €104,960 | ▼ 14.2% |
| Taxes450/3 | - | €18,128 | €16,494 | €122,308 | €104,960 | ▼ 14.2% |
| Other amounts payable47/48 | - | €140,195 | €1.0m | €243,908 | €77,216 | ▼ 68.3% |
| Accrued charges and deferred income492/3 | - | - | - | €2,000 | €33,645 | ▲ 1,582% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €706,414 | €1.4m | €1.4m | €836,727 | €966,015 | ▲ 15.5% |
| + Depreciation and write-downs630 | €28,872 | €40,948 | €115,790 | €176,666 | €193,317 | ▲ 9.4% |
| Operating cash flow (approximation) | €735,286 | €1.5m | €1.5m | €1.0m | €1.2m | ▲ 14.4% |
| Investment in fixed assets (approximation) | - | -€676,865 | -€1.3m | -€73,114 | -€198,765 | ▼ 172% |
| Change in cash | - | €96,603 | -€825,465 | €29,079 | -€62,651 | ▼ 315% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 4.98
Current ratio from 2.32 to 4.98; short-term debt falls from €1.3m to €530,898.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €1.4m ▲103%
Operating result €1.8m, net result €1.4m, both a record.
31-12
Financial
Equity above €2mEq €2.7m ▲70.9%
4 profitable years in a row build equity to €2.7m.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1mEq €1.2m ▲93.2%
2 profitable years in a row build equity to €1.2m.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Grobbendonk · 2 establishment units since 2016
Ground area
6,268 m²
Building footprint
2,193 m²
Volume, LiDAR
9,832 m³
2 parcels, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Art-ID
since 20162.260.683.681
Art-ID
since 20212.331.026.893
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11054C0609/00D002 | Flanders | 4,069 m² | 1 · 1,996 m² | 10.2 m · 1 fl. |
| 13010C0068/00C009 | Flanders | 2,199 m² | 1 · 197 m² | 11.8 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.
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Of 61 companies in this sector we hold annual accounts for 40. 15 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded16-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46441Wholesale trade
47690Retail sale of other cultural and recreation goods
90120Visual arts creation
46150Agents in the wholesale of furniture, household goods and hardware
47791Retail sale of antiques
59113Video and film production, excluding cinema and television films
74201Photography, excluding press photography
E-invoicing
Reachable via Peppol
Peppol ID
0208:0667779474
Also
9925:BE0667779474
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.