ARTDRAPE
ActiveSummary
ARTDRAPE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €351,914 and a net result of €46,374. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 203 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+7
Solvency88▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.11 against 2.21 in 2024; short-term debt: 15% and cash: 10.9% of total assets), and 36.8% 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 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% 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
63.2%
Return on assets
8.3%
Age of the figures
9 mo
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 31-05-2026, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
61 d early
2024
31 d early
2023
14 d early
2022
11 d early
2021
38 d early
2020
15 d early
2019
14 d early
← 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 26 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 oldest company in Limburg, Textiles sector
Equity
€351,914▲ 6.5%
2024 · €330,540
Total assets
€556,648▲ 1.3%
2024 · €549,275
Net result
€46,374▲ 279%
2024 · €12,223
Working capital
€92,397▲ 8.1%
2024 · €85,494
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
Operating result€64,473▼ 40.2%€42,378▼ 34.3%€13,725▼ 67.6%€23,730▲ 72.9%€70,512▲ 197%
Net result€42,661▼ 46.0%€23,720▼ 44.4%€2,774▼ 88.3%€12,223▲ 341%€46,374▲ 279%
Equity€291,823▲ 17.1%€315,542▲ 8.1%€318,316▲ 0.9%€330,540▲ 3.8%€351,914▲ 6.5%
Total assets€677,338▲ 10.0%€647,002▼ 4.5%€588,818▼ 9.0%€549,275▼ 6.7%€556,648▲ 1.3%
Debt€385,515▲ 5.2%€331,460▼ 14.0%€270,502▼ 18.4%€218,736▼ 19.1%€204,734▼ 6.4%
Working capital€26,444▼ 44.5%€47,196▲ 78.5%€45,731▼ 3.1%€85,494▲ 86.9%€92,397▲ 8.1%
Staff (FTE)1.8▲ 100%1.3▼ 27.8%0.9▼ 30.8%1▲ 11.1%1.3▲ 30.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 197% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €556,648
Fixed assets
€380,697 ▼ 3.2%
Current assets
€175,951 ▲ 12.8%
Equity and liabilities €556,648
Equity
€351,914 ▲ 6.5%
Debt
€204,734 ▼ 6.4%
Debt's share of the balance-sheet total falls from 39.8% to 36.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€128,937▲
2024 · €77,009
Cash flow
€104,799▲
2024 · €65,502
Current ratio
2.11▼
2024 · 2.21
Quick ratio
1.16▼
2024 · 1.23
Debt to equity
0.58▼
2024 · 0.66
ROE
13.2%▲
2024 · 3.7%
ROA
8.3%▲
2024 · 2.2%
Interest coverage
27.87▲
2024 · 13.96
Debt ≤ 1 year
€83,554▲
2024 · €70,547
Debt > 1 year
€115,734▼
2024 · €146,685
Income taxes
€19,703▲
2024 · €7,045
Staff costs
€30,689▲
2024 · €24,527
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €45,991 | €38,405 | €17,722 | €24,527 | €30,689 | ▲ 25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,013 | €60,865 | €64,080 | €53,278 | €58,425 | ▲ 9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3,158 | €6,200 | €2,258 | €1,614 | €1,076 | ▼ 33.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €114 | - | - | - | - |
| Other operating charges640/8 | €3,933 | €3,670 | €3,901 | €7,738 | €4,020 | ▼ 48.1% |
| Non-recurring operating charges66A | €737 | - | - | - | - | - |
| Gross operating margin9900 | €173,305 | €151,632 | €101,686 | €110,889 | €164,722 | ▲ 48.5% |
| Operating profit (loss)9901 | €64,473 | €42,378 | €13,725 | €23,730 | €70,512 | ▲ 197% |
| Financial income75/76B | €3,462 | €1,785 | €88 | €1,056 | €192 | ▼ 81.8% |
| Recurring financial income75 | €3,462 | €1,785 | €88 | €1,056 | €192 | ▼ 81.8% |
| Financial charges65/66B | €9,217 | €7,665 | €6,679 | €5,518 | €4,627 | ▼ 16.1% |
| Recurring financial charges65 | €9,217 | €7,665 | €6,679 | €5,518 | €4,627 | ▼ 16.1% |
| Profit (loss) for the period before taxes9903 | €58,718 | €36,499 | €7,135 | €19,269 | €66,077 | ▲ 243% |
| Income taxes67/77 | €16,057 | €12,779 | €4,361 | €7,045 | €19,703 | ▲ 180% |
| Profit (loss) for the period9904 | €42,661 | €23,720 | €2,774 | €12,223 | €46,374 | ▲ 279% |
| Profit (loss) for the period to be appropriated9905 | €42,661 | €23,720 | €2,774 | €12,223 | €46,374 | ▲ 279% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €677,338 | €647,002 | €588,818 | €549,275 | €556,648 | ▲ 1.3% |
| Fixed assets21/28 | €552,816 | €503,008 | €454,295 | €393,235 | €380,697 | ▼ 3.2% |
| Tangible fixed assets22/27 | €552,816 | €503,008 | €454,295 | €393,235 | €380,697 | ▼ 3.2% |
| Land and buildings22 | €396,499 | €381,168 | €367,336 | €349,120 | €365,276 | ▲ 4.6% |
| Plant, machinery and equipment23 | €31,169 | €27,415 | €21,061 | €15,420 | €8,860 | ▼ 42.5% |
| Furniture and vehicles24 | €125,149 | €94,425 | €65,898 | €28,695 | €6,561 | ▼ 77.1% |
| Current assets29/58 | €124,521 | €143,994 | €134,523 | €156,040 | €175,951 | ▲ 12.8% |
| Stocks and contracts in progress3 | €81,695 | €65,034 | €80,939 | €69,124 | €79,234 | ▲ 14.6% |
| Stocks30/36 | €81,695 | €65,034 | €80,939 | €69,124 | €79,234 | ▲ 14.6% |
| Amounts receivable within one year40/41 | €17,636 | €25,893 | €34,786 | €46,938 | €26,952 | ▼ 42.6% |
| Trade receivables40 | €8,144 | €18,172 | €17,426 | €35,707 | €25,360 | ▼ 29.0% |
| Other amounts receivable41 | €9,492 | €7,721 | €17,360 | €11,232 | €1,592 | ▼ 85.8% |
| Cash at bank and in hand54/58 | €12,097 | €39,764 | €7,451 | €27,134 | €60,541 | ▲ 123% |
| Deferred charges and accrued income490/1 | €13,094 | €13,304 | €11,347 | €12,845 | €9,224 | ▼ 28.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €677,338 | €647,002 | €588,818 | €549,275 | €556,648 | ▲ 1.3% |
| Equity10/15 | €291,823 | €315,542 | €318,316 | €330,540 | €351,914 | ▲ 6.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €268,360 | €292,080 | €294,854 | €307,077 | €328,451 | ▲ 7.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €266,500 | €290,220 | €292,994 | €305,217 | €326,591 | ▲ 7.0% |
| Profit (loss) carried forward14 | €4,863 | €4,863 | €4,863 | €4,863 | €4,863 | = |
| Amounts payable17/49 | €385,515 | €331,460 | €270,502 | €218,736 | €204,734 | ▼ 6.4% |
| Amounts payable after more than one year17 | €286,940 | €233,124 | €180,161 | €146,685 | €115,734 | ▼ 21.1% |
| Financial debts170/4 | €286,940 | €233,124 | €180,161 | €146,685 | €115,734 | ▼ 21.1% |
| Amounts payable within one year42/48 | €98,077 | €96,798 | €88,792 | €70,547 | €83,554 | ▲ 18.4% |
| Current portion of amounts payable after more than one year42 | €59,764 | €58,501 | €57,702 | €33,476 | €33,618 | ▲ 0.4% |
| Trade debts44 | €27,677 | €12,177 | €16,181 | €21,128 | €26,871 | ▲ 27.2% |
| Suppliers440/4 | €27,677 | €12,177 | €16,181 | €21,128 | €26,871 | ▲ 27.2% |
| Taxes, remuneration and social security45 | €9,400 | €24,624 | €13,684 | €14,933 | €22,247 | ▲ 49.0% |
| Taxes450/3 | €530 | €9,372 | €7,676 | €7,723 | €13,732 | ▲ 77.8% |
| Remuneration and social security454/9 | €8,870 | €15,252 | €6,007 | €7,211 | €8,515 | ▲ 18.1% |
| Other amounts payable47/48 | €1,236 | €1,496 | €1,226 | €1,009 | €818 | ▼ 18.9% |
| Accrued charges and deferred income492/3 | €498 | €1,538 | €1,549 | €1,504 | €5,446 | ▲ 262% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,661 | €23,720 | €2,774 | €12,223 | €46,374 | ▲ 279% |
| + Depreciation and write-downs630 | €55,013 | €60,865 | €64,080 | €53,278 | €58,425 | ▲ 9.7% |
| Operating cash flow (approximation) | €97,674 | €84,585 | €66,853 | €65,502 | €104,799 | ▲ 60.0% |
| Investment in fixed assets (approximation) | - | -€11,057 | -€15,366 | €7,782 | -€45,887 | ▼ 690% |
| Change in cash | - | €27,667 | -€32,312 | €19,683 | €33,407 | ▲ 69.7% |
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
31-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €2,774 ▼88.3%
Net result drops to €2,774, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €78,994 ▲283%
Operating result €107,892, net result €78,994, both a record.
31-12
Financial
Equity above €200,000Eq €249,161 ▲46.4%
3 profitable years in a row build equity to €249,161.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150,000Eq €170,168 ▲13.8%
2 profitable years in a row build equity to €170,168.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Herk-de-Stad · 1 establishment unit since 1996
Ground area
5,956 m²
Building footprint
357 m²
Parcel 71003B0070/00Z004, Flanders. Linked by address, not a title deed.
165
companies at this address
See who is registered here
1 establishment unit
ARTDRAPE
since 19962.074.606.997
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71003B0070/00Z004 | Flanders | 5,956 m² | 1 · 357 m² | - |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 3,626 EUR awarded · 3,626 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 3,180 EUR | 3,180 EUR |
| 2024 | 1 | 446 EUR | 446 EUR |
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Of 598 companies in sector 13929 we hold annual accounts for 236. 179 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
Founded22-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
13929Manufacture of textiles
43240Other construction installation
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456787153
Also
9925:BE0456787153
Registered
26-08-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.