Losses
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
Eight of the last ten came late. The 2017 accounts came latest: 1,156 days after the end of the period.
Lower net result than 90% of companies in computer programming and consultancy. Sector median €28,568 · 21,223 companies.
In July 2024, 4,805 companies had the same profile as Artdev has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for Artdev. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Artdev Tienen | €79,406 | -€5,389 | 71.7% | - |
| SRNG Herent | €78,718 | -€4,955 | 86.9% | - |
| BOUGIE Kortenaken | €81,167 | -€29,176 | 69.8% | - |
| VEREMAN Opwijk | €95,788 | -€2,953 | 3.5% | - |
| CERASUS Boechout | €82,658 | -€34,920 | 10.6% | - |
| Alain Glickman & Partners Edegem | €76,037 | -€26,850 | 85.5% | - |
| NILACANDI Brussels | €82,255 | -€54,055 | 49.9% | - |
These companies have the same main activity as Artdev: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €76,000 and €95,800, founded in 2014.
Artdev files the micro format. That format states no turnover. The gross margin fell from €15,989 in 2015 to -€5,389 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 63% of 21,217 companies in 2025.
Higher than 58% of 20,581 companies in 2025.
Higher than 9% of 20,756 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
79,406 | 83,514 | 92,528 | 105,741 | 107,622 | 123,586 | 104,738 | 115,395 | 98,181 | 61,782 | 45,757 | |
21/28 |
11,667 | 13,605 | 2,951 | 17,562 | 1,186 | 2,057 | 1,498 | 1,498 | 2,887 | 1,329 | 2,248 | |
22/27 |
11,667 | 13,605 | 2,951 | 17,562 | 1,186 | 2,057 | 1,498 | 1,498 | 945 | 1,329 | 2,248 | |
22 |
8,718 | 9,686 | - | - | - | - | - | - | - | - | - | |
23 |
1,949 | 2,172 | - | - | - | - | - | - | - | - | - | |
24 |
1,000 | 1,746 | 2,951 | 17,562 | 1,186 | 2,057 | 1,498 | 1,498 | 945 | 1,329 | 2,248 | |
28 |
- | - | - | - | - | - | - | - | 1,942 | - | - | |
29/58 |
67,739 | 69,910 | 89,578 | 88,179 | 106,436 | 121,529 | 103,240 | 113,897 | 95,294 | 60,453 | 43,509 | |
29 |
45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
291 |
45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
40/41 |
16,721 | 20,472 | 19,398 | 11,795 | 5,140 | 58,911 | 41,917 | 71,607 | 55,977 | 27,937 | 8,154 | |
40 |
14,146 | 14,629 | 13,555 | 10,787 | 1,766 | 32,050 | 37,234 | 44,121 | 50,152 | 24,389 | 8,154 | |
41 |
2,575 | 5,843 | 5,843 | 1,007 | 3,374 | 26,861 | 4,683 | 27,486 | 5,825 | 3,548 | - | |
54/58 |
3,245 | 3,493 | 24,446 | 31,208 | 55,572 | 17,619 | 16,323 | 15,930 | 12,957 | 6,156 | 9,675 | |
490/1 |
2,772 | 945 | 733 | 177 | 724 | - | - | 1,360 | 1,360 | 1,360 | 680 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
79,406 | 83,514 | 92,528 | 105,741 | 107,622 | 123,586 | 104,738 | 115,395 | 98,181 | 61,782 | 45,757 | |
10/15 |
56,924 | 67,811 | 78,976 | 82,047 | 83,574 | 76,652 | 64,517 | 83,520 | 58,754 | 25,988 | 17,686 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | - | - | 6,200 | - | - | - | - | - | - | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | - | 18,600 | 18,600 | |
101 |
- | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | - | 12,400 | 12,400 | |
11 |
- | - | - | - | - | - | - | - | 6,200 | - | - | |
1109/19 |
- | - | - | - | - | - | - | - | 6,200 | - | - | |
13 |
20,917 | 20,917 | 20,917 | 20,917 | 20,917 | 13,994 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | - | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | - | - | - | - | 1,860 | - | - | |
133 |
20,917 | 20,917 | 20,917 | 19,057 | 19,057 | 12,134 | - | - | - | - | - | |
14 |
29,808 | 40,695 | 51,859 | 54,931 | 56,457 | 56,457 | 56,457 | 75,460 | 50,694 | 17,928 | 9,626 | |
17/49 |
22,481 | 15,703 | 13,553 | 23,694 | 24,048 | 46,935 | 40,220 | 31,875 | 39,427 | 35,794 | 28,071 | |
42/48 |
22,481 | 15,703 | 13,553 | 23,694 | 24,048 | 46,935 | 40,220 | 31,875 | 39,427 | 35,794 | 28,071 | |
44 |
5,094 | 1,079 | 2,743 | 2,016 | 3,463 | 29,693 | 27,892 | 12,924 | 7,242 | 12,483 | 4,551 | |
440/4 |
5,094 | 1,079 | 2,743 | 2,016 | 3,463 | 29,693 | 27,892 | 12,924 | 7,242 | 12,483 | 4,551 | |
45 |
14,098 | 12,315 | 9,748 | 21,678 | 20,585 | 17,242 | 12,328 | 11,826 | 24,374 | 13,526 | 15,495 | |
450/3 |
12,398 | 12,315 | 6,248 | 15,606 | 20,585 | 17,242 | 12,328 | 11,826 | 24,374 | 13,526 | 15,495 | |
454/9 |
1,700 | - | 3,500 | 6,072 | - | - | - | - | - | - | - | |
47/48 |
3,290 | 2,309 | 1,061 | - | - | - | - | 7,125 | 7,811 | 9,786 | 8,026 | |
| Income statement | ||||||||||||
9900 |
-5,389 | -6,058 | 30,949 | 22,042 | 29,185 | 40,708 | -875 | 33,552 | 52,039 | 24,190 | 15,989 | |
62 |
- | - | 13,213 | 10,891 | - | - | - | 6,696 | 18,203 | 4,221 | 15 | |
630 |
1,937 | 1,643 | 1,715 | 6,371 | 871 | 1,311 | - | 816 | 385 | 3,819 | 1,148 | |
640/8 |
1,087 | 840 | 15,730 | 1,267 | 698 | 15,151 | 5,607 | 1,154 | 393 | 161 | 113 | |
9901 |
-8,414 | -8,542 | 291 | 3,514 | 27,616 | 24,246 | -6,482 | 24,886 | 33,058 | 15,990 | 14,712 | |
75/76B |
10 | 3 | 35 | 22 | 5 | 1 | 39 | 0 | - | 680 | 681 | |
75 |
10 | 3 | 35 | 22 | 5 | 1 | 39 | 0 | - | 680 | 681 | |
65/66B |
2,217 | 2,626 | 2,741 | 886 | 1,902 | 4,513 | 4,990 | 121 | 292 | 5,314 | 42 | |
65 |
2,217 | 2,626 | 1,938 | 886 | 1,902 | 4,513 | 4,990 | 121 | 292 | 5,314 | 42 | |
66B |
- | - | 803 | - | - | - | - | - | - | - | - | |
9903 |
-10,620 | -11,164 | -2,415 | 2,650 | 25,719 | 19,734 | -11,433 | 24,765 | 32,767 | 11,355 | 15,352 | |
67/77 |
267 | - | 657 | 4,176 | 18,796 | 7,599 | 7,569 | - | - | 3,053 | 3,866 | |
9904 |
-10,887 | -11,164 | -3,072 | -1,527 | 6,922 | 12,134 | -19,002 | 24,765 | 32,767 | 8,302 | 11,486 | |
9905 |
-10,887 | -11,164 | -3,072 | -1,527 | 6,922 | 12,134 | -19,002 | 24,765 | 32,767 | 8,302 | 11,486 | |
| Appropriation of the result | ||||||||||||
9906 |
29,808 | 40,695 | 51,859 | 54,931 | 63,380 | 68,592 | 56,457 | 75,460 | 50,694 | 17,928 | 11,486 | |
14P |
40,695 | 51,859 | 54,931 | 56,457 | 56,457 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | 6,922 | 12,134 | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | 6,922 | 12,134 | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00370835 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00359012 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00439917 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00437367 | |
| 31-12-2021 | micro format | 05-10-2022 | 2022-20451534 | |
| 31-12-2020 | micro format | 08-03-2022 | 2022-07500273 | |
| 31-12-2019 | micro format | 29-09-2021 | 2021-70500028 | |
| 31-12-2018 | micro format | 29-09-2021 | 2021-70400433 | |
| 31-12-2017 | micro format | 29-09-2021 | 2021-70400423 | |
| 31-12-2016 | micro format | 04-12-2017 | 2017-70900037 | |
| 31-12-2015 | abbreviated format | 02-12-2016 | 2016-69000284 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -6,476 | -6,898 | 2,006 | 9,885 | 28,487 | 25,558 | - | 25,702 | 33,443 | 19,808 | 15,861 | ||
| -8,949 | -9,521 | -1,357 | 4,844 | 7,794 | 13,446 | - | 25,581 | 33,151 | 12,121 | 12,634 | ||
| 0 | 12,297 | 1,719 | 22,747 | 0 | 1,870 | - | 1,369 | 1,942 | 2,900 | 3,396 | ||
| -248 | -20,954 | -6,761 | -24,365 | 37,954 | 1,296 | 393 | 2,972 | 6,801 | -3,519 | - | ||
| 45,257 | 54,207 | 76,025 | 64,485 | 82,388 | 74,595 | 63,019 | 82,022 | 55,868 | 24,658 | 15,438 | ||
| 71.7% | 81.2% | 85.4% | 77.6% | 77.7% | 62.0% | 61.6% | 72.4% | 59.8% | 42.1% | 38.7% | ||
| 3.01 | 4.45 | 6.61 | 3.72 | 4.43 | 2.59 | 2.57 | 3.57 | 2.42 | 1.69 | 1.55 | ||
| 0.39 | 0.23 | 0.17 | 0.29 | 0.29 | 0.61 | 0.62 | 0.38 | 0.67 | 1.38 | 1.59 | ||
| -19.1% | -16.5% | -3.9% | -1.9% | 8.3% | 15.8% | -29.5% | 29.7% | 55.8% | 31.9% | 64.9% | ||
| -13.7% | -13.4% | -3.3% | -1.4% | 6.4% | 9.8% | -18.1% | 21.5% | 33.4% | 13.4% | 25.1% | ||
| -2.92 | -2.63 | 1.03 | 11.15 | 14.98 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €12,297 | €1,719 | €22,747 | - |
| €1,937 | €1,643 | €1,715 | €6,371 | €871 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €8,414, smaller than the loss of €8,542 in 2024.
Debt's share of the balance-sheet total rises from 18.8% to 28.3%. Equity is lower and debt is higher.
Artdev has no parent and no holdings in its annual accounts. is the only director. Artdev shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Houtemstraat 695 registered office 3300 Tienen | ||
| Papenkelderstraat 9 3300 Tienen | 15-09-2014 | 2.248.642.419 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24102A0063/00Y000 | 659 m² | 1 · 118 m² | 9.2 m · 2 |
| 24592F0184/00X000 | 454 m² | 1 · 107 m² | 10.6 m · 1 |
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