ART - ISTICA
ActiveSummary
ART - ISTICA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€7,108) and a net result of -€460. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▲+21
Solvency18▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.8 in 2023; short-term debt: 66.6% and cash: 16.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-7%
Return on assets
-0.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€7,108
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
36 d early
2022
38 d early
2021
41 d early
2020
31 d early
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€7,108▼ 6.9%
2023 · -€6,648
Total assets
€100,928▲ 94.3%
2023 · €51,935
Net result
-€460
2023 · €1,047
Working capital
-€35,290▼ 195%
2023 · -€11,944
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 47, Retail 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€9,398-€8,680▲ 7.6%€15,319€4,987▼ 67.4%€3,731▼ 25.2%
Net result-€13,093below the sector's middle half-€9,486below the sector's middle half▲ 27.6%€13,018within the sector's middle half€1,047within the sector's middle half▼ 92.0%-€460within the sector's middle half
Equity-€11,227below the sector's middle half-€20,713below the sector's middle half▼ 84.5%-€7,695below the sector's middle half▲ 62.9%-€6,648below the sector's middle half▲ 13.6%-€7,108below the sector's middle half▼ 6.9%
Total assets€37,552below the sector's middle half▲ 50.9%€36,974below the sector's middle half▼ 1.5%€51,636below the sector's middle half▲ 39.7%€51,935below the sector's middle half▲ 0.6%€100,928within the sector's middle half▲ 94.3%
Debt€48,779▲ 112%€57,687▲ 18.3%€59,331▲ 2.8%€58,583▼ 1.3%€108,036▲ 84.4%
Working capital-€13,801below the sector's middle half▼ 1,044%-€26,059below the sector's middle half▼ 88.8%-€14,599below the sector's middle half▲ 44.0%-€11,944below the sector's middle half▲ 18.2%-€35,290below the sector's middle half▼ 195%
Solvency-29.9%below the sector's middle half▼ 37.4pp-56.0%below the sector's middle half▼ 26.1pp-14.9%below the sector's middle half▲ 41.1pp-12.8%below the sector's middle half▲ 2.1pp-7.0%below the sector's middle half▲ 5.8pp
Current ratio0.68below the sector's middle half▼ 0.250.52below the sector's middle half▼ 0.160.75below the sector's middle half▲ 0.230.80below the sector's middle half▲ 0.040.48below the sector's middle half▼ 0.32
Return on assets (ROA)-34.9%below the sector's middle half▼ 99.1pp-25.7%below the sector's middle half▲ 9.2pp25.2%above the sector's middle half▲ 50.9pp2.0%within the sector's middle half▼ 23.2pp-0.5%within the sector's middle half▼ 2.5pp
Staff (FTE)0.4below the sector's middle half▲ 300%1▲ 150%1=0.6▼ 40.0%0.8▲ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 has fallen two years in a row; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €100,928
Fixed assets
€68,986 ▲ 1,202%
Current assets
€31,942 ▼ 31.5%
Key figures and ratios
EBITDA
€19,137▲
2023 · €6,594
Cash flow
€14,946▲
2023 · €2,654
Quick ratio
0.25▼
2023 · 0.59
Debt to equity
-15.20▼
2023 · -8.81
Interest coverage
4.57▲
2023 · 1.63
Debt ≤ 1 year
€67,232▲
2023 · €58,583
Debt > 1 year
€38,845
Income taxes
€240▲
2023 · €187
Staff costs
€16,809▲
2023 · €10,671
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 2,795 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €9,108 | €16,278 | €10,671 | €16,809 | ▲ 57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,961 | €3,447 | €1,648 | €1,607 | €15,407 | ▲ 858% |
| Other operating charges640/8 | - | €2,728 | €1,670 | €1,559 | €1,296 | ▼ 16.9% |
| Gross operating margin9900 | €5,223 | €6,603 | €34,915 | €18,823 | €37,242 | ▲ 97.8% |
| Operating profit (loss)9901 | -€9,398 | -€8,680 | €15,319 | €4,987 | €3,731 | ▼ 25.2% |
| Financial income75/76B | - | €1,552 | €343 | €293 | €236 | ▼ 19.6% |
| Recurring financial income75 | €32 | €1,552 | €343 | €293 | €236 | ▼ 19.6% |
| Financial charges65/66B | - | €1,955 | €2,342 | €4,046 | €4,187 | ▲ 3.5% |
| Recurring financial charges65 | €3,727 | €1,955 | €2,342 | €4,046 | €4,187 | ▲ 3.5% |
| Profit (loss) for the period before taxes9903 | -€13,093 | -€9,082 | €13,319 | €1,233 | -€220 | ▼ 118% |
| Income taxes67/77 | - | €403 | €301 | €187 | €240 | ▲ 28.5% |
| Profit (loss) for the period9904 | -€13,093 | -€9,486 | €13,018 | €1,047 | -€460 | ▼ 144% |
| Profit (loss) for the period to be appropriated9905 | -€13,093 | -€9,486 | €13,018 | €1,047 | -€460 | ▼ 144% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,552 | €36,974 | €51,636 | €51,935 | €100,928 | ▲ 94.3% |
| Fixed assets21/28 | €8,813 | €8,692 | €6,904 | €5,296 | €68,986 | ▲ 1,202% |
| Intangible fixed assets21 | - | €2,448 | €2,199 | €1,949 | €3,129 | ▲ 60.6% |
| Tangible fixed assets22/27 | €5,908 | €3,339 | €1,941 | €583 | €63,092 | ▲ 10,721% |
| Plant, machinery and equipment23 | - | €2,139 | €1,141 | €183 | €1,876 | ▲ 924% |
| Furniture and vehicles24 | - | - | - | - | €61,217 | - |
| Other tangible fixed assets26 | - | €1,200 | €800 | €400 | €0 | ▼ 100% |
| Financial fixed assets28 | €2,905 | €2,905 | €2,765 | €2,765 | €2,765 | = |
| Current assets29/58 | €28,738 | €28,282 | €44,732 | €46,638 | €31,942 | ▼ 31.5% |
| Stocks and contracts in progress3 | €9,644 | €15,508 | €17,122 | €12,014 | €14,911 | ▲ 24.1% |
| Stocks30/36 | - | €15,508 | €17,122 | €12,014 | €14,911 | ▲ 24.1% |
| Amounts receivable within one year40/41 | €14,208 | €3,032 | €0 | €17,500 | €0 | ▼ 100% |
| Trade receivables40 | - | €3,032 | €0 | €17,500 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €4,346 | €9,027 | €26,165 | €16,718 | €16,847 | ▲ 0.8% |
| Deferred charges and accrued income490/1 | - | €716 | €1,446 | €407 | €184 | ▼ 54.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,552 | €36,974 | €51,636 | €51,935 | €100,928 | ▲ 94.3% |
| Equity10/15 | -€11,227 | -€20,713 | -€7,695 | -€6,648 | -€7,108 | ▼ 6.9% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,240 | €1,240 | €1,240 | €0 | - | - |
| Non-distributable reserves130/1 | - | €1,240 | €1,240 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,240 | €1,240 | €0 | - | - |
| Profit (loss) carried forward14 | -€24,867 | -€34,353 | -€21,335 | -€19,048 | -€19,508 | ▼ 2.4% |
| Amounts payable17/49 | €48,779 | €57,687 | €59,331 | €58,583 | €108,036 | ▲ 84.4% |
| Amounts payable after more than one year17 | €2,830 | €0 | - | - | €38,845 | - |
| Financial debts170/4 | - | €0 | - | - | €38,845 | - |
| Amounts payable within one year42/48 | €42,539 | €54,342 | €59,331 | €58,583 | €67,232 | ▲ 14.8% |
| Current portion of amounts payable after more than one year42 | - | €2,830 | €0 | - | €11,305 | - |
| Financial debts43 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Other loans439 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Trade debts44 | €18,546 | €3,858 | €5,822 | €2,979 | €451 | ▼ 84.9% |
| Suppliers440/4 | - | €3,858 | €5,822 | €2,979 | €451 | ▼ 84.9% |
| Taxes, remuneration and social security45 | - | €11,557 | €10,610 | €8,613 | €8,758 | ▲ 1.7% |
| Taxes450/3 | - | €5,248 | €7,073 | €6,503 | €5,302 | ▼ 18.5% |
| Remuneration and social security454/9 | - | €6,310 | €3,537 | €2,110 | €3,456 | ▲ 63.8% |
| Other amounts payable47/48 | - | €33,096 | €39,899 | €43,990 | €43,719 | ▼ 0.6% |
| Accrued charges and deferred income492/3 | - | €3,345 | €0 | - | €1,959 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,093 | -€9,486 | €13,018 | €1,047 | -€460 | ▼ 144% |
| + Depreciation and write-downs630 | €2,961 | €3,447 | €1,648 | €1,607 | €15,407 | ▲ 858% |
| Operating cash flow (approximation) | -€10,132 | -€6,039 | €14,666 | €2,654 | €14,946 | ▲ 463% |
| Investment in fixed assets (approximation) | - | -€3,326 | €140 | €0 | -€79,096 | - |
| Change in cash | - | €4,681 | €17,138 | -€9,446 | €129 | ▲ 101% |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €13,018
Net result €13,018 after 2 loss-making years.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€13,093
Net result drops to -€13,093, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Back to profitnet €15,969
Net result €15,969 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · 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
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, Sint-Niklaas · 1 establishment unit since 2003
Ground area
521 m²
Building footprint
200 m²
Volume, LiDAR
3,370 m³
Parcel 46443E0219/00T004, Flanders · tallest building 21.7 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ARTISTICA
since 20032.131.600.833
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46443E0219/00T004 | Flanders | 521 m² | 1 · 200 m² | 21.7 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 2,073 companies in sector 47750 we hold annual accounts for 517. 168 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
Founded31-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47750Retail sale of cosmetics and toilet articles
96210Hairdressing and barber services
47559Retail sale of other household articles
47784Retail sale of souvenirs and religious articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479892850
Also
9925:BE0479892850
Registered
26-08-2025
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.