ARTB
ActiveSummary
ARTB has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.05M and a net result of €392k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 88% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability90▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 11.01 against 4.16 in 2023; short-term debt: 7% and cash: 35.3% of total assets), and 12.1% of the assets are financed with debt.
Credit check for your own amount and term
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 2024Solvency, return and age of the figures
Solvency
87.9%
Return on assets
16.8%
Age of the figures
21 mo
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
63 d late
2022
26 d early
2021
34 d early
2020
23 d early
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€2.05M▲ 23.6%
2023 · €1.66M
Total assets
€2.33M▲ 5.5%
2023 · €2.21M
Net result
€392k▼ 13.8%
2023 · €455k
Working capital
€1.63M▲ 31.9%
2023 · €1.23M
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
Line20202021202220232024
Operating result€343k▼ 22.2%€322k▼ 6.2%€595k▲ 84.8%€664k▲ 11.7%€577k▼ 13.2%
Net result€229k▼ 21.3%€230k▲ 0.3%€405k▲ 76.0%€455k▲ 12.4%€392k▼ 13.8%
Equity€1.14M▲ 19.5%€1.10M▼ 3.9%€1.49M▲ 35.6%€1.66M▲ 11.3%€2.05M▲ 23.6%
Total assets€1.61M▲ 20.7%€1.56M▼ 2.8%€1.80M▲ 15.4%€2.21M▲ 22.5%€2.33M▲ 5.5%
Debt€463k▲ 23.9%€463k▼ 0.1%€314k▼ 32.2%€552k▲ 75.8%€282k▼ 48.9%
Working capital€656k▲ 37.7%€613k▼ 6.5%€1.02M▲ 66.0%€1.23M▲ 21.2%€1.63M▲ 31.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.33M
Fixed assets
€538k ▼ 7.8%
Current assets
€1.79M ▲ 10.3%
Equity and liabilities €2.33M
Equity
€2.05M ▲ 23.6%
Provisions
€0 ▼ 100%
Debt
€282k ▼ 48.9%
Debt's share of the balance-sheet total falls from 25.0% to 12.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€639k▼
2023 · €732k
Cash flow
€454k▼
2023 · €522k
Current ratio
11.01▲
2023 · 4.16
Debt to equity
0.14▼
2023 · 0.33
ROE
19.1%▼
2023 · 27.5%
ROA
16.8%▼
2023 · 20.6%
Interest coverage
89.63▼
2023 · 165.45
Debt ≤ 1 year
€163k▼
2023 · €390k
Debt > 1 year
€119k▼
2023 · €161k
Income taxes
€179k▼
2023 · €208k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82k | €83k | €85k | €68k | €62k | ▼ 7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €6k | €6k | €0 | - | - |
| Other operating charges640/8 | - | €5k | €10k | €11k | €8k | ▼ 31.1% |
| Non-recurring operating charges66A | - | €283 | €353 | €22k | €0 | ▼ 100% |
| Gross operating margin9900 | €437k | €416k | €697k | €765k | €647k | ▼ 15.4% |
| Operating profit (loss)9901 | €343k | €322k | €595k | €664k | €577k | ▼ 13.2% |
| Financial income75/76B | - | €7k | €2k | €3k | €603 | ▼ 77.9% |
| Recurring financial income75 | €8k | €7k | €2k | €3k | €603 | ▼ 77.9% |
| Financial charges65/66B | - | €4k | €3k | €4k | €7k | ▲ 61.3% |
| Recurring financial charges65 | €4k | €4k | €3k | €4k | €7k | ▲ 61.3% |
| Profit (loss) for the period before taxes9903 | €347k | €325k | €594k | €663k | €570k | ▼ 13.9% |
| Transfer from deferred taxes780 | - | €201 | €201 | €201 | €201 | = |
| Income taxes67/77 | €118k | €95k | €189k | €208k | €179k | ▼ 14.1% |
| Profit (loss) for the period9904 | €229k | €230k | €405k | €455k | €392k | ▼ 13.8% |
| Profit (loss) for the period to be appropriated9905 | €267k | €230k | €405k | €455k | €392k | ▼ 13.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.61M | €1.56M | €1.80M | €2.21M | €2.33M | ▲ 5.5% |
| Fixed assets21/28 | €775k | €731k | €674k | €583k | €538k | ▼ 7.8% |
| Tangible fixed assets22/27 | €775k | €731k | €674k | €583k | €538k | ▼ 7.8% |
| Land and buildings22 | - | €557k | €520k | €483k | €457k | ▼ 5.4% |
| Plant, machinery and equipment23 | - | €2k | €1k | €347 | €1k | ▲ 193% |
| Furniture and vehicles24 | - | €34k | €47k | €23k | €18k | ▼ 22.3% |
| Other tangible fixed assets26 | - | €138k | €106k | €77k | €62k | ▼ 19.3% |
| Current assets29/58 | €831k | €830k | €1.13M | €1.62M | €1.79M | ▲ 10.3% |
| Amounts receivable after more than one year29 | - | €88k | €75k | €95k | €0 | ▼ 100% |
| Other amounts receivable291 | - | €88k | €75k | €95k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €386k | €372k | €344k | €839k | €282k | ▼ 66.4% |
| Trade receivables40 | - | €323k | €320k | €818k | €261k | ▼ 68.1% |
| Other amounts receivable41 | - | €49k | €25k | €21k | €21k | ▲ 1.6% |
| Current investments50/53 | - | - | - | - | €636k | - |
| Cash at bank and in hand54/58 | €154k | €352k | €689k | €688k | €823k | ▲ 19.6% |
| Deferred charges and accrued income490/1 | - | €18k | €20k | €2k | €50k | ▲ 1,918% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.61M | €1.56M | €1.80M | €2.21M | €2.33M | ▲ 5.5% |
| Equity10/15 | €1.14M | €1.10M | €1.49M | €1.66M | €2.05M | ▲ 23.6% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €1.13M | €1.09M | €1.48M | €1.65M | €2.04M | ▲ 23.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €1.09M | €1.48M | €1.65M | €2.04M | ▲ 23.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Investment grants15 | - | €2k | €1k | €603 | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €804 | €603 | €402 | €201 | €0 | ▼ 100% |
| Deferred taxes168 | - | €603 | €402 | €201 | €0 | ▼ 100% |
| Amounts payable17/49 | €463k | €463k | €314k | €552k | €282k | ▼ 48.9% |
| Amounts payable after more than one year17 | €288k | €246k | €204k | €161k | €119k | ▼ 26.3% |
| Financial debts170/4 | - | €246k | €204k | €161k | €119k | ▼ 26.3% |
| Amounts payable within one year42/48 | €175k | €216k | €110k | €390k | €163k | ▼ 58.3% |
| Current portion of amounts payable after more than one year42 | - | €42k | €42k | €43k | €42k | ▼ 0.7% |
| Trade debts44 | €13k | €44k | €12k | €3k | €67k | ▲ 2,163% |
| Suppliers440/4 | - | €44k | €12k | €3k | €67k | ▲ 2,163% |
| Taxes, remuneration and social security45 | - | €26k | €55k | €58k | €53k | ▼ 7.8% |
| Taxes450/3 | - | €23k | €55k | €58k | €53k | ▼ 7.8% |
| Remuneration and social security454/9 | - | €3k | - | - | - | - |
| Other amounts payable47/48 | - | €105k | €84 | €287k | €106 | ▼ 100.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €229k | €230k | €405k | €455k | €392k | ▼ 13.8% |
| + Depreciation and write-downs630 | €82k | €83k | €85k | €68k | €62k | ▼ 7.6% |
| Operating cash flow (approximation) | €311k | €313k | €490k | €522k | €454k | ▼ 13.0% |
| Investment in fixed assets (approximation) | - | €-39k | €-28k | €23k | €-17k | ▼ 173% |
| Change in cash | - | €198k | €337k | €-1k | €135k | ▲ 12,520% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 11.01
Current ratio from 4.16 to 11.01; short-term debt falls from €390k to €163k.
31-12
Financial
Equity above €2MEq €2.05M ▲23.6%
7 profitable years in a row build equity to €2.05M.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
31-12
Financial
Highest result since 2018net €455k ▲12.4%
Operating result €664k, net result €455k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 10.29
Current ratio from 3.84 to 10.29; short-term debt falls from €216k to €110k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €229k ▼21.3%
Net result drops to €229k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1MEq €1.14M ▲19.5%
3 profitable years in a row build equity to €1.14M.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
Show earlier events
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Tessenderlo-Ham · 1 establishment unit since 2003
Ground area
255 m²
Building footprint
155 m²
Volume, LiDAR
924 m³
Parcel 71363C1722/00D002, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Architecten Tom Brockmans
since 20032.134.315.249
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71363C1722/00D002 | Flanders | 255 m² | 1 · 155 m² | 6.5 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500KP2TRU1O8RRF51
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Of 18,249 companies in sector 71111 we hold annual accounts for 6,319. 1,685 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
Founded15-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.