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ARTE

Active
Private limited company (pre-2019)founded 20179 yrs activeHoge Kaart 1, 2930 Brasschaat, BelgiumKBO/BCE: BE 0675.690.122
Summary

The computed 12-month bankruptcy probability of ARTE is 2.1% (moderate). The 2024 annual accounts show negative equity (-€125,926) and a net result of €3,306. Equity is shrinking by ~19% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability50▲+21
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35 against 0.33 in 2023; short-term debt: 287.2% and cash: 0% of total assets), and equity is negative.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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
-187.2%
Return on assets
4.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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 · 7 filings
Deviation from the deadline
2025
not confirmed
2024
67 d late
2023
1 d early
2022
67 d late
2021
3 d early
2020
61 d late
2019
152 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 57 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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

On 12 May 2017, ARTE was incorporated.1 Total assets went from EUR 43,806 in 2018 to EUR 67,255 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€125,926▲ 2.6%
2023 · -€129,232
Total assets
€67,255▲ 6.2%
2023 · €63,303
Net result
€3,306
2023 · -€2,199
Working capital
-€125,926▲ 2.6%
2023 · -€129,232
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
Line20202021202220232024
Operating result-€51,917▼ 0.1%-€51,534▲ 0.7%-€3,550▲ 93.1%-€5,597▼ 57.7%-€557▲ 90.0%
Net result-€47,190▲ 1.7%-€48,142▼ 2.0%€284-€2,199€3,306
Equity-€79,176▼ 148%-€127,317▼ 60.8%-€127,033▲ 0.2%-€129,232▼ 1.7%-€125,926▲ 2.6%
Total assets€52,516▲ 10.2%€55,908▲ 6.5%€59,904▲ 7.1%€63,303▲ 5.7%€67,255▲ 6.2%
Debt€131,691▲ 65.4%€183,226▲ 39.1%€186,938▲ 2.0%€192,535▲ 3.0%€193,181▲ 0.3%
Working capital-€79,176▼ 148%-€127,317▼ 60.8%-€127,033▲ 0.2%-€129,232▼ 1.7%-€125,926▲ 2.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2020: -€51,917-€51,917Net result 2020: -€47,190-€47,190Operating result 2021: -€51,534-€51,534Net result 2021: -€48,142-€48,142Operating result 2022: -€3,550-€3,550Net result 2022: €284€284Operating result 2023: -€5,597-€5,597Net result 2023: -€2,199-€2,199Operating result 2024: -€557-€557Net result 2024: €3,306€3,30620202021202220232024-€7,500-€5,000-€2,500€0€2,500Operating result 2022: -€3,550-€3,550Net result 2022: €284€284Operating result 2023: -€5,597-€5,600Net result 2023: -€2,199-€2,200Operating result 2024: -€557-€557Net result 2024: €3,306€3,310202220232024
The operating result stays negative: a loss of €557 in 2024 against €5,597 in 2023; the loss shrinks.
Key figures and ratios
2024 value · change against 2023
Solvency
-187.2%▲
2023 · -204.1%
Current ratio
0.35▲
2023 · 0.33
Debt to equity
-1.53▼
2023 · -1.49
ROA
4.9%▲
2023 · -3.5%
Debt ≤ 1 year
€193,181▲
2023 · €192,535
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 908 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit under 5% of the balance sheet
5.9% went bankrupt
3.9% stopped otherwise
89% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 908 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 2023 · 26 lines
Balance sheet Code20232024
Assets
Total assets20/58€63,303€67,255▲
Current assets29/58€63,303€67,255▲
Amounts receivable within one year40/41€63,299€67,255▲
Other amounts receivable41€63,299€67,255▲
Cash at bank and in hand54/58€4€0▼
Equity and liabilities
Total equity and liabilities10/49€63,303€67,255▲
Equity10/15-€129,232-€125,926▲
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14-€229,232-€225,926▲
Amounts payable17/49€192,535€193,181▲
Amounts payable within one year42/48€192,535€193,181▲
Trade debts44€152,460€152,460=
Suppliers440/4€152,460€152,460=
Other amounts payable47/48€40,075€40,721▲
Income statement Code20232024
Other operating charges640/8€493€505▲
Gross operating margin9900-€5,104-€52▲
Operating profit (loss)9901-€5,597-€557▲
Financial income75/76B€3,413€3,956▲
Recurring financial income75€3,413€3,956▲
Financial charges65/66B€15€93▲
Recurring financial charges65€15€93▲
Profit (loss) for the period before taxes9903-€2,199€3,306▲
Profit (loss) for the period9904-€2,199€3,306▲
Profit (loss) for the period to be appropriated9905-€2,199€3,306▲
Appropriation of the result
Profit (loss) to be appropriated9906-€229,232-€225,926▲
Profit (loss) brought forward from the previous period14P-€227,033-€229,232▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€449€450€493€505▲ 2.4%
Gross operating margin9900-€51,469-€51,086-€3,100-€5,104-€52▲ 99.0%
Operating profit (loss)9901-€51,917-€51,534-€3,550-€5,597-€557▲ 90.0%
Financial income75/76B-€3,402€3,991€3,413€3,956▲ 15.9%
Recurring financial income75€4,859€3,402€3,991€3,413€3,956▲ 15.9%
Financial charges65/66B-€9€157€15€93▲ 518%
Recurring financial charges65€132€9€157€15€93▲ 518%
Profit (loss) for the period before taxes9903-€47,190-€48,142€284-€2,199€3,306▲ 250%
Profit (loss) for the period9904-€47,190-€48,142€284-€2,199€3,306▲ 250%
Profit (loss) for the period to be appropriated9905-€47,190-€48,142€284-€2,199€3,306▲ 250%
Line20202021202220232024Change
Assets
Total assets20/58€52,516€55,908€59,904€63,303€67,255▲ 6.2%
Current assets29/58€52,516€55,908€59,904€63,303€67,255▲ 6.2%
Amounts receivable within one year40/41€52,493€55,895€59,886€63,299€67,255▲ 6.2%
Other amounts receivable41-€55,895€59,886€63,299€67,255▲ 6.2%
Cash at bank and in hand54/58€23€13€19€4€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€52,516€55,908€59,904€63,303€67,255▲ 6.2%
Equity10/15-€79,176-€127,317-€127,033-€129,232-€125,926▲ 2.6%
Contributions10/11-€100,000€100,000€100,000€100,000=
Profit (loss) carried forward14-€179,176-€227,317-€227,033-€229,232-€225,926▲ 1.4%
Amounts payable17/49€131,691€183,226€186,938€192,535€193,181▲ 0.3%
Amounts payable within one year42/48€131,691€183,226€186,938€192,535€193,181▲ 0.3%
Trade debts44€101,640€152,808€152,460€152,460€152,460=
Suppliers440/4-€152,808€152,460€152,460€152,460=
Other amounts payable47/48-€30,418€34,478€40,075€40,721▲ 1.6%
Line20202021202220232024Change
Profit (loss) for the period9904-€47,190-€48,142€284-€2,199€3,306▲ 250%
Operating cash flow (approximation)-€47,190-€48,142€284-€2,199€3,306▲ 250%
Change in cash--€9€5-€15-€4▲ 76.7%

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

Download as CSV

Timeline · acts, filings and financial milestones

2025
06-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial Back to profitnet €3,306
Net result €3,306 after one loss-making year.
30-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
06-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial Back to profitnet €284
Net result €284 after 4 loss-making years.
28-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
30-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 518 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Brasschaat
approximate (street level) On OpenStreetMap
Ground area
328 m²
Building footprint
97 m²
Volume, LiDAR
574 m³
Parcel 11323F0194/00W002, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11323F0194/00W002 Flanders 328 m² 1 · 97 m² 10.1 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded12-05-2017
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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