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ARTCLIMA

Active
Private limited company (pre-2019)founded 201412 yrs activeOsseghemstraat 211, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0550.372.852
Summary

The computed 12-month bankruptcy probability of ARTCLIMA is 2.1% (moderate). The 2024 annual accounts show equity of €27,112 and a net result of €838. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 25% of 36381 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2021
Profitability58▲+44
Solvency49▼-4
Growth54▼-14
Track record100
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.39 in 2021; short-term debt: 76.2% and cash: 11.8% of total assets), and 76.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
23.8%
Return on assets
0.7%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 5 filings
Deviation from the deadline
2025
not confirmed
2024
70 d late
2021
113 d late
2019
143 d late
2017
209 d late
2016
71 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 121 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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

ARTCLIMA was incorporated on 4 April 2014.1 Revenue grew from EUR 42,440 in 2019 to EUR 60,232 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€60,232▼ 2.9%
2021 · €62,057
EBIT margin
2.6%▲ 16.8pp
2021 · -14.1%
Net result
€838
2021 · -€9,036
Working capital
€25,366▼ 5.3%
2021 · €26,793
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Available amounts per fiscal year
Line201920212024
Turnover€42,440-€62,057-€60,232-
Operating result-€18,280--€8,767-€1,584-
Net result€1,135--€9,036below the sector's middle half-€838within the sector's middle half-
EBIT margin-43.1%--14.1%-2.6%-
Equity€25,019-€26,793within the sector's middle half-€27,112within the sector's middle half-
Total assets€73,330-€95,073within the sector's middle half-€114,088within the sector's middle half-
Debt€48,311-€68,280-€86,976-
Working capital€25,019-€26,793within the sector's middle half-€25,366within the sector's middle half-
Solvency34.1%-28.2%within the sector's middle half-23.8%within the sector's middle half-
Current ratio1.52-1.39within the sector's middle half-1.29within the sector's middle half-
Return on assets (ROA)1.5%--9.5%below the sector's middle half-0.7%within the sector's middle half-
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
-€20,000-€15,000-€10,000-€5,000€0Operating result 2019: -€18,280-€18,280Net result 2019: €1,135€1,135Operating result 2021: -€8,767-€8,767Net result 2021: -€9,036-€9,036Operating result 2024: €1,584€1,584Net result 2024: €838€838201920212024-€20,000-€15,000-€10,000-€5,000€0Operating result 2019: -€18,280-€18,300Net result 2019: €1,135€1,140Operating result 2021: -€8,767-€8,770Net result 2021: -€9,036-€9,040Operating result 2024: €1,584€1,580Net result 2024: €838€838201920212024
The operating result is €1,584 in 2024, compared with -€8,767 in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2021 as the grey bar beneath
Assets €114,088
Fixed assets €1,745
Current assets €112,343
Equity and liabilities €114,088
Equity €27,112 ▲ 1.2%
Debt €86,976 ▲ 27.4%
Debt's share of the balance-sheet total rises from 71.8% to 76.2%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2021
EBITDA
€2,180
Cash flow
€1,435
Debt to equity
3.21▲
2021 · 2.55
ROE
3.1%▲
2021 · -33.7%
Interest coverage
14.15
Debt ≤ 1 year
€86,976▲
2021 · €68,280
Income taxes
€592
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.4% went bankrupt
1.6% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,508 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
Filed annual accounts As filed with the NBB · 2024 against 2021 · 40 lines
Balance sheet Code20212024
Assets
Total assets20/58€95,073€114,088▲
Fixed assets21/28-€1,745
Tangible fixed assets22/27-€1,745
Furniture and vehicles24-€680
Other tangible fixed assets26-€1,065
Current assets29/58€95,073€112,343▲
Amounts receivable within one year40/41€88,876€98,924▲
Trade receivables40€88,876€95,721▲
Other amounts receivable41-€3,203
Cash at bank and in hand54/58€6,197€13,418▲
Equity and liabilities
Total equity and liabilities10/49€95,073€114,088▲
Equity10/15€26,793€27,112▲
Contributions10/11€6,000€6,000=
Capital10€6,000€6,000=
Issued capital100€6,000€6,000=
Reserves13€5,190€5,190=
Non-distributable reserves130/1€5,190€5,190=
Legal reserve130€5,190€5,190=
Profit (loss) carried forward14€15,603€15,922▲
Amounts payable17/49€68,280€86,976▲
Amounts payable within one year42/48€68,280€86,976▲
Trade debts44€26,110€86,385▲
Suppliers440/4€26,110€86,385▲
Taxes, remuneration and social security45€4,423€592▼
Taxes450/3€4,423€592▼
Other amounts payable47/48€37,747-
Income statement Code20212024
Turnover70€62,057€60,232▼
Goods, raw materials, services and sundry goods60/61€67,907€58,011▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€596
Other operating charges640/8€2,917€40▼
Gross operating margin9900-€5,849€2,220▲
Operating profit (loss)9901-€8,767€1,584▲
Financial charges65/66B€269€154▼
Recurring financial charges65€269€154▼
Profit (loss) for the period before taxes9903-€9,036€1,430▲
Income taxes67/77-€592
Profit (loss) for the period9904-€9,036€838▲
Profit (loss) for the period to be appropriated9905-€9,036€838▲
Appropriation of the result
Profit (loss) to be appropriated9906€15,603€15,922▲
Profit (loss) brought forward from the previous period14P€24,639€15,083▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201920212024Change
Turnover70€42,440€62,057€60,232-
Goods, raw materials, services and sundry goods60/61-€67,907€58,011-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€410-€596-
Other operating charges640/8-€2,917€40-
Gross operating margin9900-€17,103-€5,849€2,220-
Operating profit (loss)9901-€18,280-€8,767€1,584-
Recurring financial income75€79---
Financial charges65/66B-€269€154-
Recurring financial charges65€136€269€154-
Profit (loss) for the period before taxes9903€1,519-€9,036€1,430-
Income taxes67/77€384-€592-
Profit (loss) for the period9904€1,135-€9,036€838-
Profit (loss) for the period to be appropriated9905€1,135-€9,036€838-
Line201920212024Change
Assets
Total assets20/58€73,330€95,073€114,088-
Fixed assets21/28--€1,745-
Tangible fixed assets22/27--€1,745-
Furniture and vehicles24--€680-
Other tangible fixed assets26--€1,065-
Current assets29/58€73,330€95,073€112,343-
Amounts receivable within one year40/41€73,090€88,876€98,924-
Trade receivables40-€88,876€95,721-
Other amounts receivable41--€3,203-
Cash at bank and in hand54/58€223€6,197€13,418-
Equity and liabilities
Total equity and liabilities10/49€73,330€95,073€114,088-
Equity10/15€25,019€26,793€27,112-
Contributions10/11€6,000€6,000€6,000-
Capital10-€6,000€6,000-
Issued capital100-€6,000€6,000-
Reserves13€5,190€5,190€5,190-
Non-distributable reserves130/1-€5,190€5,190-
Legal reserve130-€5,190€5,190-
Profit (loss) carried forward14€13,829€15,603€15,922-
Amounts payable17/49€48,311€68,280€86,976-
Amounts payable within one year42/48€48,311€68,280€86,976-
Trade debts44€26,447€26,110€86,385-
Suppliers440/4-€26,110€86,385-
Taxes, remuneration and social security45-€4,423€592-
Taxes450/3-€4,423€592-
Other amounts payable47/48-€37,747--
Line201920212024Change
Profit (loss) for the period9904€1,135-€9,036€838-
+ Depreciation and write-downs630€410-€596-
Operating cash flow (approximation)€1,545-€9,036€1,435-

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

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Timeline · acts, filings and financial milestones

2025
09-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial Back to profitnet €838
Net result €838 after one loss-making year.
2022
21-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 113 days late
2021
31-12
Financial Weakest financial yearnet -€9,036
Net result drops to -€9,036, the lowest in the series; recovery starts the following year.
2020
21-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 143 days late
2019
25-02
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 209 days late
2017
10-10
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 71 days late
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, Sint-Jans-Molenbeek
exact location from the address register On OpenStreetMap
Ground area
169 m²
Building footprint
80 m²
Volume, LiDAR
599 m³
Parcel 21524C0252/00C009, Brussels · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21524C0252/00C009 Brussels 169 m² 1 · 80 m² 10.7 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.

Similar companies · same sector, comparable size

Of 4,269 companies in sector 43230 we hold annual accounts for 1,241. 935 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 (pre-2019)
Founded04-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0550372852
Also 9925:BE0550372852
Registered 30-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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