Artcheval
ActiveSummary
Artcheval has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-108k) and a net result of €-55k. Equity is shrinking by ~52% per year across the filed fiscal years. Its solvency ranks better than 10% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-54
Solvency5▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.67 against 1.28 in 2024; short-term debt: 13.3% and cash: 3.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-20.3%
Return on assets
-10.4%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-108k
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 10-06-2026, 51 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
51 d early
2024
44 d early
2023
37 d early
2022
31 d late
2021
5 d early
2020
59 d late
2019
101 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€137k
EBIT margin
50.3%
Net result
€-55k▼ 948%
2024 · €-5k
Working capital
€-23k
2024 · €17k
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
Turnover
Operating result€-28k▼ 144%€623€9k▲ 1,395%€4k▼ 57.1%€-46k
Net result€-47k▼ 51.8%€-16k▲ 66.4%€-12k▲ 26.9%€-5k▲ 54.3%€-55k▼ 948%
EBIT margin
Equity€-20k€-36k▼ 77.7%€-48k▼ 31.9%€-53k▼ 11.1%€-108k▼ 104%
Total assets€699k▼ 8.5%€659k▼ 5.7%€633k▼ 3.9%€596k▼ 5.9%€532k▼ 10.6%
Debt€719k▼ 2.5%€695k▼ 3.4%€681k▼ 2.0%€648k▼ 4.7%€641k▼ 1.2%
Working capital€-9k€-20k▼ 135%€-2k▲ 90.9%€17k€-23k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €46k after €4k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €532k
Fixed assets
€485k ▼ 6.5%
Current assets
€48k ▼ 38.3%
Key figures and ratios
EBITDA
€-4k▼
2024 · €47k
Cash flow
€-12k▼
2024 · €37k
Solvency
-20.3%▼
2024 · -8.9%
Current ratio
0.67▼
2024 · 1.28
Quick ratio
0.64▼
2024 · 1.24
Debt to equity
-5.93▲
2024 · -12.26
ROA
-10.4%▼
2024 · -0.9%
Interest coverage
-0.40▼
2024 · 5.03
Debt ≤ 1 year
€71k▲
2024 · €61k
Debt > 1 year
€570k▼
2024 · €588k
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 | - | €100 | €0 | €138 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54k | €45k | €45k | €43k | €43k | ▲ 0.7% |
| Other operating charges640/8 | €4k | €6k | €6k | €7k | €5k | ▼ 22.4% |
| Non-recurring operating charges66A | €24 | €0 | €309 | €104 | €0 | ▼ 100% |
| Gross operating margin9900 | €29k | €52k | €60k | €53k | €2k | ▼ 97.1% |
| Operating profit (loss)9901 | €-28k | €623 | €9k | €4k | €-46k | ▼ 1,262% |
| Financial income75/76B | €0 | €0 | - | - | €9 | - |
| Recurring financial income75 | €0 | €0 | - | - | €9 | - |
| Financial charges65/66B | €19k | €16k | €21k | €9k | €9k | ▼ 5.6% |
| Recurring financial charges65 | €19k | €16k | €21k | €9k | €9k | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | €-47k | €-16k | €-12k | €-5k | €-55k | ▼ 948% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-47k | €-16k | €-12k | €-5k | €-55k | ▼ 948% |
| Profit (loss) for the period to be appropriated9905 | €-47k | €-16k | €-12k | €-5k | €-55k | ▼ 948% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €699k | €659k | €633k | €596k | €532k | ▼ 10.6% |
| Fixed assets21/28 | €638k | €601k | €560k | €518k | €485k | ▼ 6.5% |
| Tangible fixed assets22/27 | €638k | €601k | €560k | €518k | €485k | ▼ 6.5% |
| Land and buildings22 | €632k | €598k | €559k | €518k | €484k | ▼ 6.5% |
| Plant, machinery and equipment23 | €2k | €764 | €1k | €758 | €665 | ▼ 12.3% |
| Furniture and vehicles24 | €5k | €2k | €49 | €0 | - | - |
| Current assets29/58 | €60k | €58k | €73k | €77k | €48k | ▼ 38.3% |
| Stocks and contracts in progress3 | €2k | €2k | €2k | €2k | €2k | = |
| Stocks30/36 | €2k | €2k | €2k | €2k | €2k | = |
| Amounts receivable within one year40/41 | €17k | €23k | €27k | €18k | €29k | ▲ 60.9% |
| Trade receivables40 | €17k | €23k | €27k | €17k | €29k | ▲ 72.9% |
| Other amounts receivable41 | €0 | - | - | €1k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €41k | €33k | €43k | €57k | €17k | ▼ 70.7% |
| Deferred charges and accrued income490/1 | €91 | €94 | €919 | €29 | €30 | ▲ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €699k | €659k | €633k | €596k | €532k | ▼ 10.6% |
| Equity10/15 | €-20k | €-36k | €-48k | €-53k | €-108k | ▼ 104% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €8k | €8k | €8k | €8k | €8k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €6k | €6k | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | €-47k | €-63k | €-74k | €-80k | €-135k | ▼ 69.4% |
| Amounts payable17/49 | €719k | €695k | €681k | €648k | €641k | ▼ 1.2% |
| Amounts payable after more than one year17 | €646k | €616k | €606k | €588k | €570k | ▼ 3.1% |
| Financial debts170/4 | €594k | €564k | €304k | €286k | €268k | ▼ 6.4% |
| Other amounts payable178/9 | €52k | €52k | €302k | €302k | €302k | = |
| Amounts payable within one year42/48 | €69k | €79k | €75k | €61k | €71k | ▲ 17.1% |
| Current portion of amounts payable after more than one year42 | €29k | €29k | €17k | €18k | €18k | ▲ 2.9% |
| Financial debts43 | €0 | €2k | €2k | €2k | €2k | = |
| Other loans439 | €0 | €2k | €2k | €2k | €2k | = |
| Trade debts44 | €4k | €1k | €5k | €2k | €4k | ▲ 80.3% |
| Suppliers440/4 | €4k | €1k | €5k | €2k | €4k | ▲ 80.3% |
| Taxes, remuneration and social security45 | €6k | €5k | €3k | €150 | €2k | ▲ 1,096% |
| Taxes450/3 | €6k | €5k | €3k | €150 | €2k | ▲ 1,096% |
| Other amounts payable47/48 | €30k | €41k | €47k | €38k | €44k | ▲ 16.5% |
| Accrued charges and deferred income492/3 | €4k | €38 | €38 | €25 | €30 | ▲ 19.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-47k | €-16k | €-12k | €-5k | €-55k | ▼ 948% |
| + Depreciation and write-downs630 | €54k | €45k | €45k | €43k | €43k | ▲ 0.7% |
| Operating cash flow (approximation) | €7k | €29k | €33k | €37k | €-12k | ▼ 133% |
| Investment in fixed assets (approximation) | - | €-8k | €-4k | €-986 | €-9k | ▼ 849% |
| Change in cash | - | €-8k | €10k | €14k | €-40k | ▼ 389% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
Financial milestoneNBB 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2018
Ground area
1,378 m²
Building footprint
98 m²
Volume, LiDAR
780 m³
Parcel 25083F0184/00D000, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Petit-Ry 87, 1340 Ottignies-Louvain-la-Neuve
since 20182.276.998.685
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25083F0184/00D000 | Wallonia | 1,378 m² | 1 · 98 m² | 9.5 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,896. 5,065 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
Founded14-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
85592Vocational training
Scores and ratios are computed by Checked and are not a credit decision.