ARTABEL Engineering
ActiveSummary
ARTABEL Engineering has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of -€288. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 61% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57=
Solvency82▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.43 in 2024; short-term debt: 11.1% and cash: 0.1% of total assets), and 43.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
56.6%
Return on assets
0%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 10 filingsDeviation from the deadline
2025
24 d late
2024
13 d early
2023
28 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.5m=
2024 · €2.5m
Total assets
€4.5m▼ 3.3%
2024 · €4.7m
Net result
-€288
2024 · €34,261
Working capital
-€382,587▼ 6.9%
2024 · -€357,953
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20212022202320242025
Operating result€45,573▼ 26.9%€48,746▲ 7.0%€104,692▲ 115%€109,194▲ 4.3%€48,470▼ 55.6%
Net result-€25,176below the sector's middle half▼ 9.2%-€30,383below the sector's middle half▼ 20.7%€26,362within the sector's middle half€34,261within the sector's middle half▲ 30.0%-€288below the sector's middle half
Equity€2.5mabove the sector's middle half▼ 1.0%€2.5mabove the sector's middle half▼ 1.2%€2.5mabove the sector's middle half▲ 1.1%€2.5mabove the sector's middle half▲ 1.4%€2.5mabove the sector's middle half=
Total assets€5.4mabove the sector's middle half▼ 2.9%€5.3mabove the sector's middle half▼ 1.7%€4.8mabove the sector's middle half▼ 8.8%€4.7mabove the sector's middle half▼ 3.4%€4.5mabove the sector's middle half▼ 3.3%
Debt€2.9m▼ 4.5%€2.8m▼ 2.1%€2.3m▼ 17.6%€2.1m▼ 8.5%€2.0m▼ 7.2%
Working capital-€287,752below the sector's middle half▼ 90.9%-€365,285below the sector's middle half▼ 26.9%-€338,190below the sector's middle half▲ 7.4%-€357,953below the sector's middle half▼ 5.8%-€382,587below the sector's middle half▼ 6.9%
Solvency46.9%within the sector's middle half▲ 0.9pp47.1%within the sector's middle half▲ 0.2pp52.2%within the sector's middle half▲ 5.1pp54.8%within the sector's middle half▲ 2.6pp56.6%within the sector's middle half▲ 1.8pp
Current ratio0.57below the sector's middle half▼ 0.150.58below the sector's middle half▲ 0.010.47below the sector's middle half▼ 0.110.43below the sector's middle half▼ 0.040.23below the sector's middle half▼ 0.20
Return on assets (ROA)-0.5%below the sector's middle half▼ 0.1pp-0.6%below the sector's middle half▼ 0.1pp0.5%within the sector's middle half▲ 1.1pp0.7%within the sector's middle half▲ 0.2pp0.0%below the sector's middle half▼ 0.7pp
Staff (FTE)4.5within the sector's middle half▼ 8.2%4.5within the sector's middle half=4.5within the sector's middle half=4.6within the sector's middle half▲ 2.2%1.6within the sector's middle half▼ 65.2%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.5m
Fixed assets
€4.4m =
Current assets
€117,119 ▼ 56.6%
Equity and liabilities €4.5m
Equity
€2.5m =
Debt
€2.0m ▼ 7.2%
Debt's share of the balance-sheet total falls from 45.2% to 43.4%. Debt is lower.
Key figures and ratios
EBITDA
€211,560▼
2024 · €277,592
Cash flow
€162,802▼
2024 · €202,659
Quick ratio
0.23▼
2024 · 0.43
Debt to equity
0.77▼
2024 · 0.83
ROE
0.0%▼
2024 · 1.3%
Interest coverage
4.54▲
2024 · 4.45
Debt ≤ 1 year
€499,706▼
2024 · €627,616
Debt > 1 year
€1.5m▼
2024 · €1.5m
Income taxes
€2,136▼
2024 · €12,655
Staff costs
€205,034▼
2024 · €516,384
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €424,988 | €456,161 | €509,163 | €516,384 | €205,034 | ▼ 60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €233,882 | €225,965 | €202,904 | €168,398 | €163,090 | ▼ 3.2% |
| Other operating charges640/8 | €11,153 | €10,682 | €11,296 | €11,272 | €11,507 | ▲ 2.1% |
| Gross operating margin9900 | €715,597 | €741,554 | €828,054 | €805,248 | €428,101 | ▼ 46.8% |
| Operating profit (loss)9901 | €45,573 | €48,746 | €104,692 | €109,194 | €48,470 | ▼ 55.6% |
| Financial income75/76B | €0 | €2,065 | €892 | €80 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | €2,065 | €892 | €80 | €0 | ▼ 100.0% |
| Financial charges65/66B | €70,750 | €74,518 | €70,660 | €62,359 | €46,623 | ▼ 25.2% |
| Recurring financial charges65 | €70,750 | €74,518 | €70,660 | €62,359 | €46,623 | ▼ 25.2% |
| Profit (loss) for the period before taxes9903 | -€25,176 | -€23,707 | €34,923 | €46,915 | €1,847 | ▼ 96.1% |
| Income taxes67/77 | - | €6,676 | €8,561 | €12,655 | €2,136 | ▼ 83.1% |
| Profit (loss) for the period9904 | -€25,176 | -€30,383 | €26,362 | €34,261 | -€288 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | -€25,176 | -€30,383 | €26,362 | €34,261 | -€288 | ▼ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.4m | €5.3m | €4.8m | €4.7m | €4.5m | ▼ 3.3% |
| Fixed assets21/28 | €5.0m | €4.8m | €4.5m | €4.4m | €4.4m | = |
| Tangible fixed assets22/27 | €4.3m | €4.1m | €3.8m | €3.7m | €3.7m | = |
| Land and buildings22 | €4.0m | €3.9m | €3.8m | €3.6m | €3.5m | ▼ 3.3% |
| Plant, machinery and equipment23 | €76,057 | €50,654 | €24,662 | €20,384 | €145,299 | ▲ 613% |
| Furniture and vehicles24 | €139,620 | €76,185 | €36,635 | €39,251 | €33,045 | ▼ 15.8% |
| Assets under construction and advance payments27 | €57,840 | €58,020 | - | - | - | - |
| Financial fixed assets28 | €686,225 | €686,225 | €686,225 | €686,225 | €686,225 | = |
| Current assets29/58 | €387,509 | €508,087 | €301,067 | €269,663 | €117,119 | ▼ 56.6% |
| Stocks and contracts in progress3 | €2,376 | €2,376 | €2,376 | €2,376 | €2,376 | = |
| Stocks30/36 | €2,376 | €2,376 | €2,376 | €2,376 | €2,376 | = |
| Amounts receivable within one year40/41 | €370,518 | €486,121 | €243,469 | €233,649 | €92,395 | ▼ 60.5% |
| Trade receivables40 | €331,310 | €446,270 | €233,671 | €192,484 | €25,556 | ▼ 86.7% |
| Other amounts receivable41 | €39,208 | €39,852 | €9,798 | €41,164 | €66,839 | ▲ 62.4% |
| Cash at bank and in hand54/58 | €19 | €7,335 | €40,620 | €10,479 | €3,358 | ▼ 68.0% |
| Deferred charges and accrued income490/1 | €14,596 | €12,254 | €14,601 | €23,160 | €18,989 | ▼ 18.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.4m | €5.3m | €4.8m | €4.7m | €4.5m | ▼ 3.3% |
| Equity10/15 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Amounts payable17/49 | €2.9m | €2.8m | €2.3m | €2.1m | €2.0m | ▼ 7.2% |
| Amounts payable after more than one year17 | €2.2m | €1.9m | €1.7m | €1.5m | €1.5m | ▼ 1.6% |
| Financial debts170/4 | €2.2m | €1.9m | €1.7m | €1.5m | €1.5m | ▼ 1.6% |
| Amounts payable within one year42/48 | €675,261 | €873,372 | €639,257 | €627,616 | €499,706 | ▼ 20.4% |
| Current portion of amounts payable after more than one year42 | €273,468 | €478,174 | €254,428 | €184,661 | €137,515 | ▼ 25.5% |
| Financial debts43 | €395 | - | - | €50,000 | - | - |
| Credit institutions430/8 | €395 | - | - | €50,000 | - | - |
| Trade debts44 | €232,240 | €132,642 | €89,889 | €249,489 | €44,281 | ▼ 82.3% |
| Suppliers440/4 | €232,240 | €132,642 | €89,889 | €249,489 | €44,281 | ▼ 82.3% |
| Taxes, remuneration and social security45 | €89,763 | €133,483 | €155,791 | €142,981 | €62,347 | ▼ 56.4% |
| Taxes450/3 | €10,818 | €59,277 | €69,098 | €57,312 | €38,189 | ▼ 33.4% |
| Remuneration and social security454/9 | €78,944 | €74,206 | €86,693 | €85,669 | €24,158 | ▼ 71.8% |
| Other amounts payable47/48 | €79,396 | €129,072 | €139,148 | €485 | €255,563 | ▲ 52,593% |
| Accrued charges and deferred income492/3 | €793 | €1,496 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,176 | -€30,383 | €26,362 | €34,261 | -€288 | ▼ 101% |
| + Depreciation and write-downs630 | €233,882 | €225,965 | €202,904 | €168,398 | €163,090 | ▼ 3.2% |
| Operating cash flow (approximation) | €208,706 | €195,582 | €229,266 | €202,659 | €162,802 | ▼ 19.7% |
| Investment in fixed assets (approximation) | - | -€15,463 | €53,753 | -€37,761 | -€163,347 | ▼ 333% |
| Change in cash | - | €7,316 | €33,285 | -€30,141 | -€7,120 | ▲ 76.4% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Back to profitnet €26,362
Net result €26,362 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€30,383
Net result drops to -€30,383, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
31-12
Financial
Highest result since 2018net €253,609 ▲89.6%
Operating result €326,506, net result €253,609, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.15
Current ratio from 0.49 to 1.15; short-term debt falls from €1.7m to €781,552.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
17-08
State Gazette act
General meeting · Director reappointment
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 17 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-08
State Gazette act
General meeting · Director reappointment
Auditor reappointment
14-07
State Gazette act
General meeting · Director reappointment
2014
21-08
State Gazette act
General meeting · Permanent representative
Director resignation · Director appointment
01-08
State Gazette act
General meeting · Permanent representative
Registered-office move · Director resignation
2013
10-01
State Gazette act
General meeting · Director reappointment
2010
09-03
State Gazette act
Incorporation · Founding capital
Corporate purpose · Bank account
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Leuven · 1 establishment unit since 1999
Ground area
301 m²
Building footprint
212 m²
Volume, LiDAR
2,011 m³
Parcel 24126C0025/00F000, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
ARTABEL Engineering
since 19992.091.114.023
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126C0025/00F000 | Flanders | 300 m² | 1 · 212 m² | 14.3 m · 3 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
34.96%
-
0.01%
According to the 2025 annual accounts of ARTABEL Engineering and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
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Shareholding
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Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
Public money · subsidies and aid
Flemish government
2023 to 2025 · 5 entries · 5,049 EUR awarded · 5,049 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 4,038 EUR | 4,038 EUR |
| 2024 | 1 | 329 EUR | 329 EUR |
| 2023 | 1 | 682 EUR | 682 EUR |
Schemes
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 2,036 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
Founded08-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
33150Repair, maintenance and installation of machinery and equipment
93199Other sports activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465597525
Also
9925:BE0465597525
Registered
15-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.