ART MANAGEMENT SYSTEMS
ActiveART MANAGEMENT SYSTEMS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13k and a net result of €42k. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 2464 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency52▲+52
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 0.62 in 2023; short-term debt: 46.8% and cash: 25.3% of total assets), but 72.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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
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
27.2%
Return on assets
87.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€13k
2023 · €-29k
2022: €15k
2023: €-29k
2022 → 2024
Total assets
€48k▲ 354%
2023 · €11k
2022: €49k
2023: €11k
2022 → 2024
Net result
€42k
2023 · €-44k
2022: €14k
2023: €-44k
2022 → 2024
Working capital
€22k
2023 · €-6k
2022: €13k
2023: €-6k
2022 → 2024
Multi-year overview
Available amounts per fiscal year
Line202220232024Trend
Equity€15k-€-29k€13k
Operating result€18k-€-18k€49k
Net result€14k-€-44k€42k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €49k after a loss of €18k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48k
Fixed assets
€4k▲ 151%
Current assets
€45k▲ 385%
Equity and liabilities €48k
Equity
€13k
Debt
€35k
Debt finances 72.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€50k▲
2023 · €-17k
Cash flow
€43k▲
2023 · €-43k
Solvency
27.2%▲
2023 · -274.5%
Current ratio
1.98▲
2023 · 0.62
Quick ratio
1.98▲
2023 · 0.62
Debt / equity
2.68▲
2023 · -1.36
ROE
322.5%
ROA
87.7%▲
2023 · -412.2%
Interest coverage
111.10▲
2023 · -108.93
Debt
€35k▼
2023 · €40k
Debt ≤ 1 year
€23k▲
2023 · €15k
Debt > 1 year
€13k▼
2023 · €25k
Income taxes
€7k▲
2023 · €855
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€11k€48k▲
Fixed assets21/28€1k€4k▲
Tangible fixed assets22/27€1k€4k▲
Furniture and vehicles24€1k€4k▲
Financial fixed assets28€0-
Current assets29/58€9k€45k▲
Amounts receivable within one year40/41€8k€27k▲
Trade receivables40€3k€22k▲
Other amounts receivable41€5k€5k▲
Cash at bank and in hand54/58€555€12k▲
Deferred charges and accrued income490/1€536€5k▲
Equity and liabilities
Total equity and liabilities10/49€11k€48k▲
Equity10/15€-29k€13k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€-30k€12k▲
Amounts payable17/49€40k€35k▼
Amounts payable after more than one year17€25k€13k▼
Financial debts170/4€25k€13k▼
Amounts payable within one year42/48€15k€23k▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€5k€8k▲
Taxes450/3€5k€8k▲
Other amounts payable47/48€7k€10k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€399€946▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€0▼
Other operating charges640/8€980€1k▲
Gross operating margin9900€-7k€51k▲
Operating profit (loss)9901€-18k€49k▲
Financial income75/76B€0€16▲
Recurring financial income75€0€16▲
Financial charges65/66B€25k€453▼
Recurring financial charges65€159€453▲
Non-recurring financial charges66B€25k€0▼
Profit (loss) for the period before taxes9903€-43k€49k▲
Income taxes67/77€855€7k▲
Profit (loss) for the period9904€-44k€42k▲
Profit (loss) for the period to be appropriated9905€-44k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€12k▲
Profit (loss) brought forward from the previous period14P€14k€-30k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.98
Current ratio from 0.62 to 1.98.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-44k ▼421%
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lokeren · 1 establishment unit since 2021
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.
Vredegerechtstraat 389160 LokerenGround area
126 m²
Building footprint
126 m²
Volume, LiDAR
818 m³
Parcel 46014A0632/00L004, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ART MANAGEMENT SYSTEMS
since 20212.324.945.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0632/00L004 | Flanders | 126 m² | 1 · 126 m² | 10.8 m · 2 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
2025 · 1 entry · 99 EUR awarded · 99 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 99 EUR | 99 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,258 companies in sector 90399 we hold annual accounts for 200. 115 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2021
Fiscal year end31-12
Abbreviation NL
AMS
Activities, NACEBEL
90029Arts creation and performing arts activities
90399Other support activities for arts and performing arts
58110Book publishing
70200Business and other management consultancy
70220Business consulting
73110Advertising agencies
90021Arts creation and performing arts activities
90032Arts creation and performing arts activities
90120Visual arts creation
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:vanermengeminge@gmail.com