Equity
€18,714 ▼ 61.2%
ART'S tudio paid out €62,204 in dividends. That is 191% of the 2025 profit.
ART'S tudio
Lifetime
2 annual accounts with figures on one time axisGross marginpeak €44,140 (2024)
€43,100▼ 2.4%
Resultpeak €32,625 (2025)
€32,625▲ 7.1%
Equitypeak €48,293 (2024)
€18,714▼ 61.2%
Debts
€94,944▲ 158%
Board1 name since 2024
1 directorVAN CAUWENBERGE Françoise Micheline Paule
Documentsfilings and deeds
17-08-202617 days late
2025abbreviated format
Dividend €62,204Equity from €48,293 to €18,714Debts from €36,861 to €94,944Cash from €14,943 to €40,069
Key points
from the 2025 annual accountsDebts
€94,944 84% of the balance sheet
Suppliers 12%Taxes and wages 23%Other 66%
Position in the sector
€18,714
Less equity than 84% of companies in architecture and engineering. Sector median €194,907 · 2,565 companies.
2025 accounts filed 17 days after the deadline
Checked score
92
Excellent
Financially stronger than 36% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%highest value
01-2025: 0.3%● unchanged vs 12-2024highest value
02-2025: 0.3%● unchanged vs 01-2025highest value
03-2025: 0.3%● unchanged vs 02-2025highest value
04-2025: 0.3%● unchanged vs 03-2025highest value
05-2025: 0.3%● unchanged vs 04-2025highest value
06-2025: 0.3%● unchanged vs 05-2025highest value
07-2025: 0.3%● unchanged vs 06-2025highest value
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Equity €18,714 (16.5% of total assets)
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Liquidity: current ratio 1.03, cash €40,069
Size: total assets €113,658
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 20% of them on solvency, 28% on liquidity, 88% on profitability and 9% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,818 companies had the same profile as ART'S tudio has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ART'S tudio itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for ART'S tudio. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.03 (1.87 in 2024), below the usual 1.5. Short-term debt is 83.5% and cash 35.3% of total assets. 83.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2563 sector peers (2025).
NBB · sector comparisonPosition among 2563 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
17 days late
2024
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 1 day after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VAN CAUWENBERGE Françoise Micheline Paule 85 sharesdeed of 28-02-2024
- DE WINTER Philippe Gaston Jean Marie 5 sharesdeed of 28-02-2024
- JAHIER Vaïna Solange Paule 5 sharesdeed of 28-02-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0865347094
Amendment of the articles · Legal-form change · Resignations & appointments
Change of role: VAN CAUWENBERGE Françoise Micheline Paule, from manager to director · VAN CAUWENBERGE Françoise Micheline Paule holds 85 shares · DE WINTER Philippe Gaston Jean Marie holds 5 shares · General meeting of 26-12-2023 · Gazette deed
First establishment
Rue Fosty 28, Genappe
Incorporation
published on 28-05-2004 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| ART'S tudio Waterloo | €113,658 | €43,100 | 16.5% | - |
| S.C.O.T. Sint-Niklaas | €117,301 | €36,639 | 81.8% | - |
| Bureau d'Architecture Olivier LEGROS Stoumont | €102,447 | €44,982 | 79.1% | - |
| Archi-V Mol | €115,441 | €48,849 | 72.4% | - |
| HAENEN MARC ARCHITECTENVENNOOTSCHAP Maasmechelen | €103,303 | €50,584 | 88.7% | - |
| ARCHITECTENBUREAU LUC VAN HOOREWEDER ARCHITECTUUR, EXPERTISES & VEILIGHEIDSCOORDINATIE Lendelede | €97,214 | €40,767 | 88.9% | - |
| Architectenbureau Wim Van Hove Vilvoorde | €100,528 | €39,006 | 64.2% | - |
These companies have the same main activity as ART'S tudio: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €97,200 and €117,000, founded between 2002 and 2006.
Official details
Source: KBO- Status
- Active since 17-05-2004Normal situation
- Activity
- Activities of building architectsNACE 71111
- Establishment unit
- 2.139.118.6301470 Genappe, since 01-08-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 14-02-2026
Annual accounts 2025
- Turnover
- ≈ €130,000estimated
- Total assets
- €113,658▲ 33.5%
- Filing
- Filed on 17-08-2026
Insights on ART'S tudio
ART'S tudio has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,714 and a net result of €32,625.
Its solvency ranks better than 21% of 2,563 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ART'S tudio
- What is the company number of ART'S tudio?
- The company number of ART'S tudio is 0865.347.094. The VAT number is the same number with BE in front: BE 0865.347.094.
- Where is ART'S tudio based?
- The registered office is at Rue de l'Infante 222, 1410 Waterloo.Company details
- What does ART'S tudio do?
- According to the KBO register, the main activity is activities of building architects (NACE 71111).
- What is the legal form of ART'S tudio?
- ART'S tudio is a private limited company (BV).
- When was ART'S tudio founded?
- ART'S tudio was founded on 17-05-2004.
- Is ART'S tudio still active?
- Yes, ART'S tudio is an active enterprise in the KBO register.
- What is the turnover of ART'S tudio?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €43,100 and 66 comparable companies (NACE 711). It probably lies between €91,000 and €190,000.Financials
- Is ART'S tudio profitable?
- In financial year 2025, ART'S tudio made a profit of €32,625.
- Where can I find the annual accounts of ART'S tudio?
- ART'S tudio filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ART'S tudio due?
- ART'S tudio must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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