ART-TEC
ActiveSummary
ART-TEC has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78k and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 72% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+73
Solvency92▼-7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 2.54 in 2024; short-term debt: 32.6% and cash: 3.2% of total assets), and 32.6% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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
67.4%
Return on assets
3.2%
Age of the figures
9 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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
1 d early
2022
11 d late
2021
12 d late
2020
1 d early
2019
15 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€78k▲ 4.9%
2024 · €74k
Total assets
€116k▲ 15.9%
2024 · €100k
Net result
€4k
2024 · €-33k
Working capital
€21k▼ 46.9%
2024 · €39k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42k▼ 47.9%€30k▼ 29.2%€-20k€-32k▼ 57.4%€6k
Net result€33k▼ 57.6%€22k▼ 31.7%€-21k€-33k▼ 60.6%€4k
Equity€106k▲ 17.3%€128k▲ 21.0%€108k▼ 16.1%€74k▼ 30.9%€78k▲ 4.9%
Total assets€144k▼ 14.0%€145k▲ 0.7%€128k▼ 11.7%€100k▼ 22.1%€116k▲ 15.9%
Debt€38k▼ 50.6%€17k▼ 55.7%€21k▲ 21.9%€26k▲ 23.7%€38k▲ 47.7%
Working capital€53k▲ 95.3%€75k▲ 41.5%€62k▼ 18.3%€39k▼ 36.1%€21k▼ 46.9%
Staff (FTE)2=1.5▼ 25.0%2▲ 33.3%2=2=
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 2025: €6k after a loss of €32k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116k
Fixed assets
€57k ▲ 63.2%
Current assets
€59k ▼ 9.7%
Equity and liabilities €116k
Equity
€78k ▲ 4.9%
Debt
€38k ▲ 47.7%
Debt's share of the balance-sheet total rises from 25.6% to 32.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▲
2024 · €-25k
Cash flow
€18k▲
2024 · €-26k
Current ratio
1.55▼
2024 · 2.54
Quick ratio
1.16▼
2024 · 1.93
Debt to equity
0.48▲
2024 · 0.34
ROE
4.7%▲
2024 · -44.8%
ROA
3.2%▲
2024 · -33.3%
Interest coverage
7.74▲
2024 · -14.14
Debt ≤ 1 year
€38k▲
2024 · €26k
Income taxes
€140▲
2024 · €139
Staff costs
€50k▲
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16k | - | - | - | - |
| Remuneration, social security and pensions62 | €52k | €27k | €37k | €42k | €50k | ▲ 19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €7k | €8k | €7k | €14k | ▲ 87.7% |
| Other operating charges640/8 | €3k | €7k | €2k | €6k | €4k | ▼ 27.8% |
| Gross operating margin9900 | €107k | €71k | €26k | €23k | €74k | ▲ 220% |
| Operating profit (loss)9901 | €42k | €30k | €-20k | €-32k | €6k | ▲ 119% |
| Financial income75/76B | €1k | €1k | €2k | €650 | €393 | ▼ 39.5% |
| Recurring financial income75 | €1k | €1k | €2k | €650 | €393 | ▼ 39.5% |
| Financial charges65/66B | €2k | €2k | €2k | €2k | €3k | ▲ 47.6% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €3k | ▲ 47.6% |
| Profit (loss) for the period before taxes9903 | €41k | €29k | €-21k | €-33k | €4k | ▲ 112% |
| Income taxes67/77 | €9k | €7k | €132 | €139 | €140 | ▲ 1.4% |
| Profit (loss) for the period9904 | €33k | €22k | €-21k | €-33k | €4k | ▲ 111% |
| Profit (loss) for the period to be appropriated9905 | €33k | €22k | €-21k | €-33k | €4k | ▲ 111% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144k | €145k | €128k | €100k | €116k | ▲ 15.9% |
| Fixed assets21/28 | €53k | €53k | €46k | €35k | €57k | ▲ 63.2% |
| Tangible fixed assets22/27 | €49k | €49k | €42k | €35k | €57k | ▲ 63.4% |
| Land and buildings22 | €2k | €1k | €1k | €1k | €900 | ▼ 14.5% |
| Plant, machinery and equipment23 | €28k | €32k | €27k | €22k | €18k | ▼ 19.3% |
| Furniture and vehicles24 | €19k | €16k | €14k | €12k | €38k | ▲ 228% |
| Leasing and similar rights25 | €0 | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €4k | €4k | €4k | €125 | €125 | = |
| Current assets29/58 | €91k | €92k | €82k | €65k | €59k | ▼ 9.7% |
| Stocks and contracts in progress3 | €11k | €17k | €14k | €16k | €15k | ▼ 5.1% |
| Stocks30/36 | €11k | €17k | €14k | €16k | €15k | ▼ 5.1% |
| Amounts receivable within one year40/41 | €74k | €62k | €66k | €45k | €40k | ▼ 11.3% |
| Trade receivables40 | €40k | €28k | €32k | €22k | €16k | ▼ 28.8% |
| Other amounts receivable41 | €34k | €34k | €34k | €23k | €24k | ▲ 5.4% |
| Cash at bank and in hand54/58 | €5k | €9k | €69 | €4k | €4k | ▲ 0.4% |
| Deferred charges and accrued income490/1 | €2k | €4k | €2k | €371 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144k | €145k | €128k | €100k | €116k | ▲ 15.9% |
| Equity10/15 | €106k | €128k | €108k | €74k | €78k | ▲ 4.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €69k | €69k | €69k | €69k | €69k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €67k | €67k | €67k | €67k | €67k | = |
| Profit (loss) carried forward14 | €31k | €53k | €33k | €-648 | €3k | ▲ 568% |
| Amounts payable17/49 | €38k | €17k | €21k | €26k | €38k | ▲ 47.7% |
| Amounts payable within one year42/48 | €38k | €17k | €21k | €26k | €38k | ▲ 47.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €13k | - |
| Financial debts43 | - | - | €4k | €3k | €16k | ▲ 505% |
| Credit institutions430/8 | - | - | €4k | €3k | €16k | ▲ 505% |
| Trade debts44 | €12k | €4k | €5k | €17k | €5k | ▼ 73.5% |
| Suppliers440/4 | €12k | €4k | €5k | €17k | €5k | ▼ 73.5% |
| Taxes, remuneration and social security45 | €9k | €13k | €12k | €6k | €4k | ▼ 34.4% |
| Taxes450/3 | €7k | €12k | €8k | €2k | €134 | ▼ 91.6% |
| Remuneration and social security454/9 | €2k | €1k | €4k | €4k | €4k | ▼ 12.2% |
| Other amounts payable47/48 | €17k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €22k | €-21k | €-33k | €4k | ▲ 111% |
| + Depreciation and write-downs630 | €10k | €7k | €8k | €7k | €14k | ▲ 87.7% |
| Operating cash flow (approximation) | €43k | €29k | €-13k | €-26k | €18k | ▲ 168% |
| Investment in fixed assets (approximation) | - | €-7k | €-967 | €4k | €-36k | ▼ 1,101% |
| Change in cash | - | €5k | €-9k | €4k | €15 | ▼ 99.6% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 5.46
Current ratio from 2.40 to 5.46; short-term debt falls from €38k to €17k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Equity above €100kEq €106k ▲17.3%
3 profitable years in a row build equity to €106k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €77k ▲241%
Operating result €81k, net result €77k, both a record.
15-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 15 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Hasselt · 1 establishment unit since 2000
Ground area
7,771 m²
Building footprint
1,398 m²
Volume, LiDAR
2,311 m³
Parcel 71032B0680/00B000, Flanders · tallest building 18.7 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Simpernelstraat 15B, 3511 Hasselt
since 20002.099.344.274
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71032B0680/00B000 | Flanders | 7,771 m² | 1 · 1,398 m² | 18.7 m |
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.
Recognitions · licences · registrations
Recognised contractor
4 categoriesART-TEC BV21856
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 2,310 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 (pre-2019)
Founded27-01-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43332Laying of wooden floor and wall coverings
Scores and ratios are computed by Checked and are not a credit decision.