Equity
€42,125 from €151,997 in 2016
Equity fell by 72% in 9 years.
ART - TOIT
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998Gross marginpeak €403,676 (2008)
€176,472▼ 10.9%
Resultlowest -€61,353 (2017)
€7,369▼ 85.1%
Equitypeak €151,997 (2016)
€42,125▲ 21.2%
Debts
€151,727▲ 23.0%
Staffpeak 8.6 FTE (2008)
-not published
Board1 name since 2004
1 directorVANDERLINCK Jonathan
Documentsfilings and deeds
02-06-202659 days before the deadline
2025micro format
Result from €49,459 to €7,369Equity from €34,755 to €42,125Debts from €123,360 to €151,727Investments €4,351
Key points
from the 2025 annual accountsTurnover
≈ €580,000 estimated
The micro format states no turnover.
Debts
€151,727 78% of the balance sheet
Financial debts 7%Suppliers 30%Taxes and wages 40%Other 23%
Investments
€4,351 2.7 × depreciation
Green is investment, beige is depreciation.
Staff
3 FTE from 8.6 in 2008
Between 2008 and 2025, 65% of the full-time equivalents disappeared.
Filings
28 annual accounts since 1998
Seven of the last ten came late. The 2017 accounts came latest: 45 days after the end of the period.
Checked score
85
Excellent
Financially stronger than 34% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,685 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025highest value
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 0.2%▼ -1.4 percentage points vs 06-2025lowest value
08-2025: 0.2%● unchanged vs 07-2025lowest value
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Equity €42,125 (21.7% of total assets)
lowers risk
Founded in 1997
Size: total assets €193,851
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 43, micro). It does better than 23% of them on solvency, 16% on liquidity, 30% on profitability and 68% on growth.
The bankruptcy probability was computed on 04-11-2026 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, 3,984 companies had the same profile as ART - TOIT has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of ART - TOIT itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,984 companies, not a prediction for ART - TOIT. 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 €3,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.25 (1.27 in 2024), below the usual 1.5. Short-term debt is 78.3% and cash 15.5% of total assets. 78.3% 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 riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 35008 sector peers (2025).
NBB · sector comparisonPosition among 35008 sector peers
Solvency
better than 23%
← weakest
strongest →
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 days early
2024
38 days early
2023
51 days early
2022
23 days late
2021
19 days late
2020
16 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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. The company usually files around 23 June (4 of the last 5 accounts filed within 57 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0460852839
Deed on the articles
Gazette deed
First establishment
ART-TOIT, Rue Félicien Tubiermont 8, Genappe
Incorporation
published on 24-06-1997 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| ART - TOIT Villers-la-Ville | €193,851 | €176,472 | 21.7% | - |
| Crijns Zonhoven | €210,962 | €193,332 | 56.2% | - |
| DAKWERKEN GUY SMET Hamme (Vl.) | €177,916 | €157,358 | 53.9% | - |
| HERTOGEN et Fils Bassenge | €216,133 | €165,048 | 65.0% | - |
| ENTREPRISE LIEVENS Sint-Pieters-Leeuw | €168,122 | €190,691 | 22.0% | - |
| RENOV'HABITAT TADDEI ORLANDO Ecaussinnes | €168,374 | €166,864 | 34.8% | - |
| IMPERTOIT Saint-Georges-sur-Meuse | €168,861 | €188,712 | 72.3% | - |
These companies have the same main activity as ART - TOIT: roofing work (NACE 43410). They are comparable in size and age: total assets between €168,000 and €216,000, founded between 1995 and 2000.
Official details
Source: KBO- Status
- Active since 12-06-1997Normal situation
- Activity
- Roofing workNACE 43410
- Establishment unit
- 2.082.508.4401472 Genappe, since 03-07-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 16-01-2026
Annual accounts 2025
- Total assets
- €193,851▲ 22.6%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 02-06-2026, 59 days before the end of the filing period
Insights on ART - TOIT
ART - TOIT files the micro format. That format states no turnover. The gross margin fell from €339,486 in 2006 to €176,472 in 2025.
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 - TOIT
- What is the company number of ART - TOIT?
- The company number of ART - TOIT is 0460.852.839. The VAT number is the same number with BE in front: BE 0460.852.839.
- Where is ART - TOIT based?
- The registered office is at Rue Grosse Boule 60, 1495 Villers-la-Ville.Company details
- What does ART - TOIT do?
- According to the KBO register, the main activity is roofing work (NACE 43410).
- What is the legal form of ART - TOIT?
- ART - TOIT is a public limited company (NV).
- When was ART - TOIT founded?
- ART - TOIT was founded on 12-06-1997.
- Is ART - TOIT still active?
- Yes, ART - TOIT is an active enterprise in the KBO register.
- How many employees does ART - TOIT have?
- ART - TOIT had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ART - TOIT?
- The turnover in financial year 2025 is ≈ €580,000. This figure is estimated from the gross margin of €176,472 and 235 comparable companies (NACE 43). It probably lies between €440,000 and €810,000. In financial year 2022 turnover was €415,960.
- Is ART - TOIT profitable?
- In financial year 2025, ART - TOIT made a profit of €7,369.
- Where can I find the annual accounts of ART - TOIT?
- ART - TOIT filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ART - TOIT due?
- ART - TOIT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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