Skip to content

ART3M

Open bankruptcy
Private limited companyfounded 2015Koning Boudewijnlaan 20A, 3500 Hasselt, BelgiumKBO/BCE: BE 0597.854.550
Summary

A bankruptcy procedure is open for ART3M according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisation notices. The 2024 annual accounts show negative equity (-€89,719) and a net result of -€202,410.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Hasselt division
Declared bankrupt
20 November 2025
Official Gazette
26-11-2025 (pdf) ↗search the document for 2025/148870

Deadlines

Provisional date payments stopped
20 November 2025A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 11 December 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 20 December 2025art. XX.104 and XX.155 CEL
First verification report
passed on 1 January 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
20 November 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curators

  • Gertjan CupersPrins Bisschopssingel 11, 3500 Hasseltg.cupers@exacto-advocaten.be
  • Kristof KrolPrins Bisschopssingel 11, 3500 Hasselt- advocaten.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

Embed in an article

Writing about this bankruptcy? Put the card of ART3M in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.

Preview
The preview appears here.
  • Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
  • Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
  • Where scripts do not run (a newsletter, a feed reader) a plain link remains.

Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€89,719
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
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 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
7 d early
2023
14 d late
2022
96 d early
2021
17 d late
2020
16 d early
2019
21 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 11 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 February 2015, ART3M was incorporated.1 Total assets went from EUR 31,369 in 2018 to EUR 354,053 in 2024 and headcount from 4 full-time equivalents in 2021 to 7.4 in 2024.2 The company was declared bankrupt on 20 November 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2021 and 2024
  3. 3Belgian State Gazette, 26-11-2025

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
-€89,719
2023 · €112,692
Total assets
€354,053▼ 23.3%
2023 · €461,511
Net result
-€202,410
2023 · €33,380
Working capital
-€157,343
2023 · €31,253
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€8,990▼ 473%-€4,662▲ 48.1%€135,953€53,004▼ 61.0%-€179,083
Net result-€10,062below the sector's middle half▼ 194%-€6,734below the sector's middle half▲ 33.1%€84,507above the sector's middle half€33,380within the sector's middle half▼ 60.5%-€202,410below the sector's middle half
Equity€1,538below the sector's middle half▼ 86.7%-€5,195below the sector's middle half€79,312within the sector's middle half€112,692within the sector's middle half▲ 42.1%-€89,719below the sector's middle half
Total assets€4,034below the sector's middle half▼ 77.7%€99,196within the sector's middle half▲ 2,359%€240,980within the sector's middle half▲ 143%€461,511above the sector's middle half▲ 91.5%€354,053within the sector's middle half▼ 23.3%
Debt€2,496▼ 61.5%€104,391▲ 4,083%€161,668▲ 54.9%€348,820▲ 116%€443,771▲ 27.2%
Working capital-€2,044within the sector's middle half-€39,745below the sector's middle half▼ 1,845%€34,512within the sector's middle half€31,253within the sector's middle half▼ 9.4%-€157,343below the sector's middle half
Solvency-5.2%below the sector's middle half32.9%within the sector's middle half▲ 38.1pp24.4%within the sector's middle half▼ 8.5pp-25.3%below the sector's middle half▼ 49.8pp
Current ratio0.62below the sector's middle half1.21within the sector's middle half▲ 0.591.15within the sector's middle half▼ 0.070.48below the sector's middle half▼ 0.67
Return on assets (ROA)-6.8%below the sector's middle half35.1%above the sector's middle half▲ 41.9pp7.2%within the sector's middle half▼ 27.8pp-57.2%below the sector's middle half▼ 64.4pp
Staff (FTE)49.3▲ 133%5.3▼ 43.0%7.4▲ 39.6%
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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
-€300,000-€200,000-€100,000€0€100,000Operating result 2020: -€8,990-€8,990Net result 2020: -€10,062-€10,062Operating result 2021: -€4,662-€4,662Net result 2021: -€6,734-€6,734Operating result 2022: €135,953€135,953Net result 2022: €84,507€84,507Operating result 2023: €53,004€53,004Net result 2023: €33,380€33,380Operating result 2024: -€179,083-€179,083Net result 2024: -€202,410-€202,41020202021202220232024-€300,000-€200,000-€100,000€0€100,000Operating result 2022: €135,953€136,000Net result 2022: €84,507€84,500Operating result 2023: €53,004€53,000Net result 2023: €33,380€33,400Operating result 2024: -€179,083-€179,000Net result 2024: -€202,410-€202,000202220232024
The operating result turns negative in 2024: a loss of €179,083 after €53,004 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €354,053
Fixed assets €211,220 ▼ 1.9%
Current assets €142,832 ▼ 42.0%
Key figures and ratios
2024 value · change against 2023
EBITDA
-€111,568▼
2023 · €103,244
Cash flow
-€134,896▼
2023 · €83,620
Quick ratio
0.39▼
2023 · 1.15
Debt to equity
-4.95▼
2023 · 3.10
Interest coverage
-4.92▼
2023 · 9.34
Debt ≤ 1 year
€300,175▲
2023 · €215,032
Debt > 1 year
€136,762▲
2023 · €130,840
Income taxes
€676▼
2023 · €17,210
Staff costs
€315,968▲
2023 · €257,667
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet Code20232024
Assets
Total assets20/58€461,511€354,053▼
Fixed assets21/28€215,226€211,220▼
Tangible fixed assets22/27€213,401€204,886▼
Plant, machinery and equipment23€26,586€14,231▼
Furniture and vehicles24€186,815€190,655▲
Financial fixed assets28€1,825€6,334▲
Current assets29/58€246,286€142,832▼
Stocks and contracts in progress3-€25,800
Contracts in progress37-€25,800
Amounts receivable within one year40/41€245,309€116,160▼
Trade receivables40€236,208€84,477▼
Other amounts receivable41€9,101€31,684▲
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1€977€872▼
Equity and liabilities
Total equity and liabilities10/49€461,511€354,053▼
Equity10/15€112,692-€89,719▼
Contributions10/11€18,600€18,600=
Reserves13€117,885€117,885=
Distributable reserves133€117,885€117,885=
Profit (loss) carried forward14-€23,793-€226,204▼
Amounts payable17/49€348,820€443,771▲
Amounts payable after more than one year17€130,840€136,762▲
Financial debts170/4€130,840€136,762▲
Amounts payable within one year42/48€215,032€300,175▲
Current portion of amounts payable after more than one year42€33,059€45,975▲
Financial debts43€27,224€19,886▼
Credit institutions430/8€27,224€19,886▼
Trade debts44€36,081€106,134▲
Suppliers440/4€36,081€106,134▲
Taxes, remuneration and social security45€118,668€128,180▲
Taxes450/3€71,982€35,778▼
Remuneration and social security454/9€46,686€92,401▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€2,947€6,834▲
Income statement Code20232024
Non-recurring operating income76A€147€0▼
Remuneration, social security and pensions62€257,667€315,968▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50,240€67,515▲
Other operating charges640/8€1,555€447▼
Non-recurring operating charges66A€2,123€0▼
Gross operating margin9900€364,588€204,847▼
Operating profit (loss)9901€53,004-€179,083▼
Financial income75/76B€8,636€16▼
Recurring financial income75€8,636€16▼
Financial charges65/66B€11,050€22,668▲
Recurring financial charges65€11,050€22,668▲
Profit (loss) for the period before taxes9903€50,590-€201,735▼
Income taxes67/77€17,210€676▼
Profit (loss) for the period9904€33,380-€202,410▼
Profit (loss) for the period to be appropriated9905€33,380-€202,410▼
Appropriation of the result
Profit (loss) to be appropriated9906€9,586-€226,204▼
Profit (loss) brought forward from the previous period14P-€23,794-€23,793=
Transfer to equity691/2€33,379€0▼
To other reserves6921€33,379€0▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A--€1,917€147€0▼ 100%
Remuneration, social security and pensions62-€122,549€431,718€257,667€315,968▲ 22.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€935€5,878€18,402€50,240€67,515▲ 34.4%
Other operating charges640/8-€16,941€4,712€1,555€447▼ 71.2%
Non-recurring operating charges66A--€711€2,123€0▼ 100%
Gross operating margin9900-€7,989€140,705€591,495€364,588€204,847▼ 43.8%
Operating profit (loss)9901-€8,990-€4,662€135,953€53,004-€179,083▼ 438%
Financial income75/76B-€0€0€8,636€16▼ 99.8%
Recurring financial income75€1€0€0€8,636€16▼ 99.8%
Financial charges65/66B-€2,009€15,342€11,050€22,668▲ 105%
Recurring financial charges65€913€2,009€15,342€11,050€22,668▲ 105%
Profit (loss) for the period before taxes9903-€9,903-€6,671€120,611€50,590-€201,735▼ 499%
Income taxes67/77€159€63€36,104€17,210€676▼ 96.1%
Profit (loss) for the period9904-€10,062-€6,734€84,507€33,380-€202,410▼ 706%
Profit (loss) for the period to be appropriated9905-€10,062-€6,734€84,507€33,380-€202,410▼ 706%
Line20202021202220232024Change
Assets
Total assets20/58€4,034€99,196€240,980€461,511€354,053▼ 23.3%
Fixed assets21/28€3,582€34,559€44,986€215,226€211,220▼ 1.9%
Tangible fixed assets22/27€2,982€33,959€44,386€213,401€204,886▼ 4.0%
Plant, machinery and equipment23-€6,903€7,923€26,586€14,231▼ 46.5%
Furniture and vehicles24-€27,057€36,463€186,815€190,655▲ 2.1%
Financial fixed assets28€600€600€600€1,825€6,334▲ 247%
Current assets29/58€452€64,636€195,994€246,286€142,832▼ 42.0%
Stocks and contracts in progress3----€25,800-
Contracts in progress37----€25,800-
Amounts receivable within one year40/41€452€58,756€121,412€245,309€116,160▼ 52.6%
Trade receivables40-€57,519€109,397€236,208€84,477▼ 64.2%
Other amounts receivable41-€1,237€12,015€9,101€31,684▲ 248%
Cash at bank and in hand54/58€0€5,264€1,445€0--
Deferred charges and accrued income490/1-€617€73,138€977€872▼ 10.7%
Equity and liabilities
Total equity and liabilities10/49€4,034€99,196€240,980€461,511€354,053▼ 23.3%
Equity10/15€1,538-€5,195€79,312€112,692-€89,719▼ 180%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13--€84,506€117,885€117,885=
Distributable reserves133--€84,506€117,885€117,885=
Profit (loss) carried forward14-€17,062-€23,795-€23,794-€23,793-€226,204▼ 851%
Amounts payable17/49€2,496€104,391€161,668€348,820€443,771▲ 27.2%
Amounts payable after more than one year17---€130,840€136,762▲ 4.5%
Financial debts170/4---€130,840€136,762▲ 4.5%
Amounts payable within one year42/48€2,496€104,381€161,482€215,032€300,175▲ 39.6%
Current portion of amounts payable after more than one year42-€10,504€2,323€33,059€45,975▲ 39.1%
Financial debts43-€0-€27,224€19,886▼ 27.0%
Credit institutions430/8-€0-€27,224€19,886▼ 27.0%
Trade debts44€2,152€18,744€42,023€36,081€106,134▲ 194%
Suppliers440/4-€18,744€42,023€36,081€106,134▲ 194%
Taxes, remuneration and social security45-€37,123€114,654€118,668€128,180▲ 8.0%
Taxes450/3-€4,054€37,072€71,982€35,778▼ 50.3%
Remuneration and social security454/9-€33,068€77,582€46,686€92,401▲ 97.9%
Other amounts payable47/48-€38,011€2,481€0--
Accrued charges and deferred income492/3-€10€186€2,947€6,834▲ 132%
Line20202021202220232024Change
Profit (loss) for the period9904-€10,062-€6,734€84,507€33,380-€202,410▼ 706%
+ Depreciation and write-downs630€935€5,878€18,402€50,240€67,515▲ 34.4%
Operating cash flow (approximation)-€9,127-€856€102,909€83,620-€134,896▼ 261%
Investment in fixed assets (approximation)--€36,855-€28,829-€220,480-€63,509▲ 71.2%
Change in cash-€5,264-€3,819-€1,445--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
26-11
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 20-11-2025
16-10
Judicial reorganisation Plan approval refused
Ondernemingsrechtbank Antwerpen · event 10-10-2025
24-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
23-06
Judicial reorganisation Opening
Ondernemingsrechtbank Antwerpen · collective agreement · event 13-06-2025
2024
31-12
Financial Weakest financial yearnet -€202,410
Net result drops to -€202,410, the lowest in the series.
14-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial Equity above €100,000Eq €112,692 ▲42.1%
2 profitable years in a row build equity to €112,692.
26-04
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €84,507
Net result €84,507 after 3 loss-making years.
17-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
15-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
21-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
Show earlier events
2019
09-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
08-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts

We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
14 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 2015
seat establishment The establishment unit on the map
Ground area
4.1 ha
Building footprint
2.0 ha
Volume, LiDAR
137,991 m³
2 parcels, Flanders · tallest building 21.6 m, ±2 floors. Linked by address, not a title deed.
110 companies at this address See who is registered here
1 establishment unit
ART3M
Fabriekstraat 34, 3800 Sint-TruidenSpecialised construction activities
since 20152.240.136.707
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71053G0172/00G002 Flanders 3.7 ha 1 · 1.9 ha 9.8 m · 2 fl.
71323C0286/00F002 Flanders 3,766 m² 1 · 984 m² 21.6 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

2 mandates
Role Name Tenure
Curator GERTJAN CUPERS
PRINS BISSCHOPSSINGEL 11, 3500 HASSELT
20-11-2025 → present
Curator KRISTOF KROL
PRINS BISSCHOPSSINGEL 11, 3500 HASSELT- K.Krol@exacto- advocaten.be
20-11-2025 → present

Similar companies · same sector, comparable size

Of 1,725 companies in sector 52210 we hold annual accounts for 774. 571 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
Founded10-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
52210Service activities incidental to land transportation
43212Electrical installation work in industrial facilities
77110Renting and leasing of cars and light motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID 0208:0597854550
Registered 28-07-2024

The company is no longer active; its Peppol card can remain until its access point withdraws it.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.