Result
Back in profit in 2025, after a loss of €2,791 in 2024.
Back in profit in 2025, after a loss of €2,791 in 2024.
Less equity than 88% of companies in head offices and management consultancy. Sector median €78,216 · 39,400 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 14% of them on solvency, 33% on liquidity, 84% on profitability and 90% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,325 companies had the same profile as ARTE CONSTRUCT has now. Each dot stands for 4 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ARTE CONSTRUCT itself is lower: 0.2% within 12 months. It rests on far more data about ARTE CONSTRUCT than the profile alone.
The method was tested on the 497,447 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 1,325 companies, not a prediction for ARTE CONSTRUCT. 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.
The company filed its last 7 accounts on average 18 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ARTE CONSTRUCT Braine-le-Château | €50,298 | €105,020 | 6.3% | - |
| VIRETAIL Wavre | €53,210 | €124,551 | -366.9% | 1.8 |
| FROOTS Waterloo | €68,667 | €75,497 | 11.8% | - |
| HN Consultancy Ghent | €44,639 | €120,364 | -252.7% | - |
| FOUNTAINHEAD CONSULTING & INVESTMENT Etterbeek | €41,549 | €89,170 | -2069.3% | - |
| AGILON Lokeren | €66,615 | €96,744 | 14.2% | - |
| TOUCH ELEVEN Uccle | €57,027 | €77,186 | -2125.0% | - |
These companies have the same main activity as ARTE CONSTRUCT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €41,500 and €68,700, founded between 2005 and 2013.
ARTE CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €16,422 in 2009 to €105,020 in 2025.
The balance sheet grew most in 2011 through fixed assets.
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. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €150,000 and €210,000.
Higher than 14% of 39,368 companies in 2025.
Higher than 27% of 38,051 companies in 2025.
Higher than 95% of 38,523 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
50,298 | 2,423 | 46 | 223 | 3,546 | 207,576 | 292,302 | 299,591 | 308,893 | 318,420 | 327,940 | 338,481 | 370,371 | 394,220 | 402,871 | 121,772 | 135,385 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 220 | 440 | 660 | 880 | |
21/28 |
- | - | - | - | - | 201,000 | 288,938 | 298,595 | 308,158 | 317,720 | 327,283 | 336,845 | 346,408 | 356,190 | 365,973 | 13,771 | 20,747 | |
22/27 |
- | - | - | - | - | 201,000 | 288,938 | 298,500 | 308,063 | 317,625 | 327,188 | 336,750 | 346,313 | 355,875 | 365,438 | 13,016 | 19,772 | |
22 |
- | - | - | - | - | 201,000 | 288,938 | 298,500 | 308,063 | 317,625 | 327,188 | 336,750 | 346,313 | 355,875 | 365,438 | - | - | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,755 | 6,365 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,261 | 13,407 | |
28 |
- | - | - | - | - | - | - | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | |
29/58 |
50,298 | 2,423 | 46 | 223 | 3,546 | 6,576 | 3,365 | 996 | 735 | 700 | 658 | 1,636 | 23,964 | 38,030 | 36,898 | 108,002 | 114,638 | |
40/41 |
16,940 | 2,295 | - | - | - | - | 677 | - | - | - | - | 359 | 23,743 | 35,509 | 35,995 | 104,736 | 76,900 | |
40 |
16,940 | - | - | - | - | - | - | - | - | - | - | 359 | 23,312 | 35,509 | 35,509 | 79,298 | 76,900 | |
41 |
- | 2,295 | - | - | - | - | 677 | - | - | - | - | - | 430 | - | 487 | 25,438 | - | |
54/58 |
33,358 | 128 | 46 | 223 | 3,546 | 6,576 | 2,688 | 996 | 735 | 700 | 658 | 1,277 | 221 | 2,521 | 903 | 3,069 | 33,806 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 197 | 3,931 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
50,298 | 2,423 | 46 | 223 | 3,546 | 207,576 | 292,302 | 299,591 | 308,893 | 318,420 | 327,940 | 338,481 | 370,371 | 394,220 | 402,871 | 121,772 | 135,385 | |
10/15 |
3,156 | -101,434 | -98,643 | -119,282 | -239,128 | -222,388 | -112,760 | -86,604 | -101,673 | -125,026 | -129,018 | -131,834 | -104,801 | -51,882 | -50,713 | -5,166 | 24,331 | |
10/11 |
50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 25,000 | 25,000 | |
100 |
- | - | - | - | - | - | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 25,000 | 25,000 | |
14 |
-46,844 | -151,434 | -148,643 | -169,282 | -289,128 | -272,388 | -162,760 | -136,604 | -151,673 | -175,026 | -179,018 | -181,834 | -154,801 | -101,882 | -100,713 | -30,166 | -669 | |
17/49 |
47,142 | 103,857 | 98,689 | 119,505 | 242,674 | 429,963 | 405,062 | 386,195 | 410,566 | 443,446 | 456,958 | 470,315 | 475,173 | 446,101 | 453,583 | 126,938 | 111,054 | |
17 |
- | - | - | - | - | 122,907 | 144,055 | 164,422 | 184,037 | 202,926 | 221,363 | 238,663 | 271,756 | 288,681 | - | - | 6,589 | |
170/4 |
- | - | - | - | - | 122,907 | 144,055 | 164,422 | 184,037 | 202,926 | 221,363 | 238,663 | 271,756 | 288,681 | - | - | 6,589 | |
42/48 |
47,142 | 103,857 | 98,689 | 119,505 | 242,674 | 306,469 | 261,007 | 221,772 | 224,029 | 238,020 | 233,095 | 229,152 | 200,917 | 157,421 | 453,583 | 126,938 | 104,465 | |
42 |
- | - | - | - | - | 21,149 | 20,367 | 19,614 | 18,889 | 18,191 | 17,273 | 16,844 | 562 | 2,695 | 4,704 | 6,589 | 1,784 | |
44 |
- | 265 | 2,128 | 1,778 | 348 | 17,293 | 13,303 | 11,983 | 15,586 | 13,464 | 13,464 | 17,547 | 15,084 | 38,883 | 16,385 | 39,500 | 60,779 | |
440/4 |
- | 265 | 2,128 | 1,778 | 348 | 17,293 | 13,303 | 11,983 | 15,586 | 13,464 | 13,464 | 17,547 | 15,084 | 38,883 | 16,385 | 39,500 | 60,779 | |
45 |
13,347 | 2,820 | 6,106 | 1,272 | 1,272 | 1,272 | - | 4,421 | - | - | - | 9,052 | 7,986 | 6,306 | - | 20,716 | 17,092 | |
450/3 |
13,347 | 2,820 | 6,106 | 1,272 | 1,272 | 1,272 | - | 4,421 | - | - | - | 9,052 | 7,986 | 6,306 | - | 20,716 | 15,126 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,966 | |
47/48 |
33,795 | 100,772 | 90,455 | 116,455 | 241,055 | 266,755 | 227,337 | 185,755 | 189,555 | 206,366 | 202,358 | 185,708 | 177,285 | 109,537 | 432,494 | 60,133 | 24,810 | |
492/3 |
- | - | - | - | - | 588 | - | - | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | - | - | - | - | |
| Income statement | ||||||||||||||||||
9900 |
105,020 | -2,346 | 20,838 | 120,216 | -12,051 | -6,890 | -8,390 | 33,495 | 42,751 | 24,373 | 26,565 | 24,841 | -19,257 | 31,681 | -17,032 | 60,946 | 16,422 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 36,752 | - | - | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,528 | |
630 |
- | - | - | - | - | 9,563 | 9,563 | 9,563 | 9,563 | 9,563 | 9,563 | 9,563 | 9,783 | 9,783 | 14,538 | - | 8,088 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | 5,570 | - | - | 6,644 | 81,103 | - | |
640/8 |
400 | 387 | 165 | 248 | 752 | 4,108 | 1,266 | 1,242 | 1,614 | 1,954 | 2,226 | 2,796 | 9,262 | 5,825 | 2,460 | 5,046 | 1,130 | |
66A |
- | - | - | - | - | 78,375 | - | - | - | - | - | 23,312 | - | - | 18,690 | - | - | |
9901 |
104,620 | -2,733 | 20,673 | 119,968 | -12,803 | -98,935 | -19,219 | 22,690 | 31,575 | 12,857 | 14,777 | 6,912 | -38,302 | 16,073 | -40,674 | -25,203 | 2,676 | |
75/76B |
- | - | - | - | 1,425 | - | - | - | - | - | - | 10 | 4 | - | - | 9 | 33 | |
75 |
- | - | - | - | 1,425 | - | - | - | - | - | - | 10 | 4 | - | - | 9 | 33 | |
65/66B |
30 | 58 | 34 | 121 | 5,362 | 10,693 | 6,938 | 7,620 | 8,222 | 8,865 | 11,961 | 10,642 | 14,621 | 17,242 | 11,357 | 4,389 | 762 | |
65 |
30 | 58 | 34 | 121 | 5,362 | 10,693 | 6,938 | 7,620 | 8,222 | 8,865 | 11,961 | 10,642 | 14,621 | 17,242 | 11,357 | 4,389 | 762 | |
9903 |
104,590 | -2,791 | 20,639 | 119,847 | -16,741 | -109,627 | -26,157 | 15,070 | 23,353 | 3,992 | 2,816 | -27,032 | -52,919 | -1,169 | -70,721 | -29,583 | 1,946 | |
67/77 |
- | - | - | - | - | - | - | - | - | - | - | 0 | 1 | - | -174 | -86 | 2,615 | |
9904 |
104,590 | -2,791 | 20,639 | 119,847 | -16,741 | -109,627 | -26,157 | 15,070 | 23,353 | 3,992 | 2,816 | -27,032 | -52,920 | -1,169 | -70,547 | -29,497 | -669 | |
9905 |
104,590 | -2,791 | 20,639 | 119,847 | -16,741 | -109,627 | -26,157 | 15,070 | 23,353 | 3,992 | 2,816 | -27,032 | -52,920 | -1,169 | -70,547 | -29,497 | -669 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-46,844 | -151,434 | -148,643 | -169,282 | -289,128 | -272,388 | -162,760 | -136,604 | -151,673 | -175,026 | -179,018 | -181,834 | -154,801 | -101,882 | -100,713 | -30,166 | -669 | |
14P |
-151,434 | -148,643 | -169,282 | -289,128 | -272,388 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.1 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20 | |
| Document | ||||||||||||||||||
The notes to these accounts have 1 item. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00143909 | |
| 31-12-2024 | micro format | 13-08-2025 | 2025-00377121 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00319885 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00398765 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20398517 | |
| 31-12-2020 | micro format | 16-08-2021 | 2021-49100115 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66500190 | |
| 31-12-2018 | micro format | 05-08-2019 | 2019-44800067 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-42400445 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57100589 | |
| 31-12-2015 | full format | 21-09-2016 | 2016-60700350 | |
| 31-12-2014 | full format | 29-08-2015 | 2015-52200329 | |
| 31-12-2013 | full format | 11-09-2014 | 2014-58600055 | |
| 31-12-2012 | full format | 22-08-2013 | 2013-49000170 | |
| 31-12-2011 | full format | 11-07-2012 | 2012-28900207 | |
| 31-12-2010 | full format | 16-11-2011 | 2011-60900283 | |
| 31-12-2009 | full format | 31-08-2010 | 2010-53200060 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | -89,372 | -9,657 | 32,252 | 41,137 | 22,419 | 24,339 | 16,475 | -28,520 | 25,856 | -26,137 | - | 10,764 | ||
| - | - | - | - | - | -100,065 | -16,594 | 24,632 | 32,915 | 13,554 | 12,379 | -17,470 | -43,137 | 8,613 | -56,009 | - | 7,419 | ||
| - | - | - | - | - | -78,375 | -95 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 375,000 | 1,112 | 27,735 | ||
| 33,229 | 82 | -177 | -3,323 | -3,029 | 3,888 | 1,692 | 261 | 35 | 42 | -619 | 1,056 | -2,300 | 1,618 | -2,166 | -30,738 | - | ||
| 3,156 | -101,434 | -98,643 | -119,282 | -239,128 | -299,893 | -257,642 | -220,776 | -223,294 | -237,320 | -232,437 | -227,516 | -176,953 | -119,391 | -416,685 | -18,937 | 10,173 | ||
| 6.3% | - | - | - | - | -107.1% | -38.6% | -28.9% | -32.9% | -39.3% | -39.3% | -38.9% | -28.3% | -13.2% | -12.6% | -4.2% | 18.0% | ||
| 1.07 | - | - | - | - | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.12 | 0.24 | 0.08 | 0.85 | 1.10 | ||
| 14.94 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.56 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2.7% | ||
| 207.9% | - | - | - | - | -52.8% | -8.9% | 5.0% | 7.6% | 1.3% | 0.9% | -8.0% | -14.3% | -0.3% | -17.5% | -24.2% | -0.5% | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 163 days | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €50,298, equity €3,156).
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.
The operating result for 2025 is a profit of €104,620, after a loss of €2,733 in 2024. It is the highest result since 2022.
Debt's share of the balance-sheet total is 93.7%.
Source: lists of holdings in the owners' accounts
ARTE CONSTRUCT has no parent and no holdings in its annual accounts. de VALERIOLA Thierry Jacques Emmanuel William is the only director.
| MC COLLUM INVEST via de VALERIOLA Thierry Jacques Emmanuel William, no longer at MC COLLUM INVEST · Director (not named in the articles) · deed of 09-10-2020 No longer active |
total assets €162,443 (2020) |
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 |
|---|---|---|
| Chaussée de Tubize (W-B) 135 registered office 1440 Braine-le-Château | ||
| Franklin Rooseveltlaan 150 1050 Brussels 4332013 Joinery installation | 01-07-2009 | 2.179.028.883 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25111A0562/00C002 | Wallonia | 1,277 m² | 1 · 90 m² | 8.9 m · 3 |
| 21822R0443/00P003 | Brussels | 286 m² | 1 · 108 m² | 16.0 m · 3 |
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