ARTE
ActiveSummary
ARTE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,874 and a net result of -€2,445. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-67
Solvency97▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 4.04 against 4.91 in 2024; short-term debt: 24.5% and cash: 38.4% of total assets), and 27.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
5 d early
2022
31 d late
2021
16 d early
2020
16 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 6 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 28 August (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€88,874▼ 2.7%
2024 · €91,319
Total assets
€123,341▲ 2.1%
2024 · €120,754
Net result
-€2,445
2024 · €13,837
Working capital
€91,816▼ 1.4%
2024 · €93,145
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,841€13,177▼ 42.3%€19,395▲ 47.2%€19,741▲ 1.8%-€2,756
Net result€15,890within the sector's middle half▲ 3,462%€9,090within the sector's middle half▼ 42.8%€12,885within the sector's middle half▲ 41.7%€13,837within the sector's middle half▲ 7.4%-€2,445within the sector's middle half
Equity€58,839within the sector's middle half▲ 37.0%€67,930within the sector's middle half▲ 15.4%€79,148within the sector's middle half▲ 16.5%€91,319within the sector's middle half▲ 15.4%€88,874within the sector's middle half▼ 2.7%
Total assets€91,944within the sector's middle half▲ 11.5%€88,148within the sector's middle half▼ 4.1%€101,652within the sector's middle half▲ 15.3%€120,754within the sector's middle half▲ 18.8%€123,341within the sector's middle half▲ 2.1%
Debt€33,105▼ 16.2%€20,218▼ 38.9%€22,503▲ 11.3%€29,436▲ 30.8%€34,467▲ 17.1%
Working capital€48,627within the sector's middle half▲ 17.8%€57,199within the sector's middle half▲ 17.6%€69,733within the sector's middle half▲ 21.9%€93,145above the sector's middle half▲ 33.6%€91,816above the sector's middle half▼ 1.4%
Solvency64.0%above the sector's middle half▲ 11.9pp77.1%above the sector's middle half▲ 13.1pp77.9%above the sector's middle half▲ 0.8pp75.6%above the sector's middle half▼ 2.2pp72.1%above the sector's middle half▼ 3.6pp
Current ratio3.42above the sector's middle half▲ 0.515.02above the sector's middle half▲ 1.604.22above the sector's middle half▼ 0.804.91above the sector's middle half▲ 0.694.04above the sector's middle half▼ 0.88
Return on assets (ROA)17.3%above the sector's middle half▲ 16.7pp10.3%within the sector's middle half▼ 7.0pp12.7%above the sector's middle half▲ 2.4pp11.5%within the sector's middle half▼ 1.2pp-2.0%within the sector's middle half▼ 13.4pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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
The operating result turns negative in 2025: a loss of €2,756 after €19,741 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123,341
Fixed assets
€1,315 ▼ 65.5%
Current assets
€122,026 ▲ 4.4%
Equity and liabilities €123,341
Equity
€88,874 ▼ 2.7%
Debt
€34,467 ▲ 17.1%
Debt's share of the balance-sheet total rises from 24.4% to 27.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€255▼
2024 · €26,189
Cash flow
€56▼
2024 · €20,284
Quick ratio
1.90▼
2024 · 2.54
Debt to equity
0.39▲
2024 · 0.32
ROE
-2.8%▼
2024 · 15.2%
Interest coverage
-1.82▼
2024 · 264.78
Debt ≤ 1 year
€30,211▲
2024 · €23,794
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
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%.
| 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 12,321 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,133 | €6,448 | €6,448 | €6,448 | €2,501 | ▼ 61.2% |
| Other operating charges640/8 | €890 | €784 | €819 | €855 | €892 | ▲ 4.3% |
| Gross operating margin9900 | €28,863 | €20,408 | €26,662 | €27,044 | €638 | ▼ 97.6% |
| Operating profit (loss)9901 | €22,841 | €13,177 | €19,395 | €19,741 | -€2,756 | ▼ 114% |
| Financial income75/76B | €959 | €653 | €92 | €821 | €451 | ▼ 45.1% |
| Recurring financial income75 | €959 | €653 | €92 | €821 | €451 | ▼ 45.1% |
| Financial charges65/66B | €377 | €348 | €184 | €99 | €140 | ▲ 41.5% |
| Recurring financial charges65 | €377 | €348 | €184 | €99 | €140 | ▲ 41.5% |
| Profit (loss) for the period before taxes9903 | €23,423 | €13,482 | €19,303 | €20,464 | -€2,445 | ▼ 112% |
| Income taxes67/77 | €7,533 | €4,392 | €6,418 | €6,627 | - | - |
| Profit (loss) for the period9904 | €15,890 | €9,090 | €12,885 | €13,837 | -€2,445 | ▼ 118% |
| Profit (loss) for the period to be appropriated9905 | €15,890 | €9,090 | €12,885 | €13,837 | -€2,445 | ▼ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,944 | €88,148 | €101,652 | €120,754 | €123,341 | ▲ 2.1% |
| Fixed assets21/28 | €23,183 | €16,711 | €10,263 | €3,815 | €1,315 | ▼ 65.5% |
| Tangible fixed assets22/27 | €23,158 | €16,711 | €10,263 | €3,815 | €1,315 | ▼ 65.5% |
| Furniture and vehicles24 | €23,158 | €16,711 | €10,263 | €3,815 | €1,315 | ▼ 65.5% |
| Financial fixed assets28 | €25 | - | - | - | - | - |
| Current assets29/58 | €68,761 | €71,437 | €91,389 | €116,939 | €122,026 | ▲ 4.4% |
| Stocks and contracts in progress3 | €14,776 | €11,291 | €19,323 | €56,448 | €64,568 | ▲ 14.4% |
| Stocks30/36 | €14,776 | €11,291 | €19,323 | €56,448 | €64,568 | ▲ 14.4% |
| Amounts receivable within one year40/41 | €25,952 | €24,404 | €7,908 | €5,094 | €9,466 | ▲ 85.8% |
| Trade receivables40 | €6,036 | €20,941 | €6,796 | €5,094 | €6,332 | ▲ 24.3% |
| Other amounts receivable41 | €19,916 | €3,463 | €1,112 | - | €3,134 | - |
| Current investments50/53 | - | - | - | €39,995 | - | - |
| Cash at bank and in hand54/58 | €27,593 | €34,692 | €63,400 | €13,973 | €47,347 | ▲ 239% |
| Deferred charges and accrued income490/1 | €440 | €1,050 | €759 | €1,429 | €646 | ▼ 54.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,944 | €88,148 | €101,652 | €120,754 | €123,341 | ▲ 2.1% |
| Equity10/15 | €58,839 | €67,930 | €79,148 | €91,319 | €88,874 | ▼ 2.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €27,691 | €36,781 | €49,666 | €63,502 | €63,502 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €25,831 | €34,922 | €47,806 | €61,643 | €61,643 | = |
| Profit (loss) carried forward14 | €24,949 | €24,949 | €23,283 | €21,617 | €19,172 | ▼ 11.3% |
| Amounts payable17/49 | €33,105 | €20,218 | €22,503 | €29,436 | €34,467 | ▲ 17.1% |
| Amounts payable after more than one year17 | €10,867 | €5,892 | €847 | - | - | - |
| Financial debts170/4 | €10,867 | €5,892 | €847 | - | - | - |
| Amounts payable within one year42/48 | €20,134 | €14,238 | €21,656 | €23,794 | €30,211 | ▲ 27.0% |
| Current portion of amounts payable after more than one year42 | €4,909 | €4,976 | €5,044 | €847 | - | - |
| Trade debts44 | €6,686 | €2,372 | €8,842 | €7,980 | €6,803 | ▼ 14.7% |
| Suppliers440/4 | €6,686 | €2,372 | €8,842 | €7,980 | €6,803 | ▼ 14.7% |
| Advances received on contracts in progress46 | - | €3,500 | - | - | - | - |
| Taxes, remuneration and social security45 | €8,539 | €3,391 | €6,104 | €5,675 | €4,544 | ▼ 19.9% |
| Taxes450/3 | €8,539 | €3,391 | €6,104 | €5,675 | €4,544 | ▼ 19.9% |
| Other amounts payable47/48 | - | - | €1,666 | €9,292 | €18,863 | ▲ 103% |
| Accrued charges and deferred income492/3 | €2,103 | €89 | - | €5,641 | €4,256 | ▼ 24.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,890 | €9,090 | €12,885 | €13,837 | -€2,445 | ▼ 118% |
| + Depreciation and write-downs630 | €5,133 | €6,448 | €6,448 | €6,448 | €2,501 | ▼ 61.2% |
| Operating cash flow (approximation) | €21,023 | €15,538 | €19,332 | €20,284 | €56 | ▼ 99.7% |
| Investment in fixed assets (approximation) | - | €25 | €0 | €0 | €0 | - |
| Change in cash | - | €7,098 | €28,708 | -€49,427 | €33,374 | ▲ 168% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€2,445
Net result drops to -€2,445, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-07
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
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €15,890 ▲3,462%
Operating result €22,841, net result €15,890, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 6.09
Current ratio from 1.43 to 6.09; short-term debt falls from €75,762 to €8,324.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Deinze · 1 establishment unit since 1997
Ground area
5,291 m²
Building footprint
214 m²
Volume, LiDAR
1,186 m³
Parcel 44044B0977/00E000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Valkenstraat 1, 9850 Deinze
since 19972.068.894.390
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44044B0977/00E000 | Flanders | 5,290 m² | 1 · 214 m² | 9.8 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.
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Of 1,290 companies in sector 47690 we hold annual accounts for 425. 326 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)
Founded11-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
47551Retail sale of household furniture
47791Retail sale of antiques
90120Visual arts creation
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0453591103
Registered
22-12-2025
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.