ARTE - COSE
ActiveARTE - COSE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €7k. Equity is growing by ~48.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▼-9
Solvency30▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.9 against 0.77 in 2024; short-term debt: 92.5% and cash: 19.9% of total assets), and 95.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
4.7%
Return on assets
2%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 11297 sector peers (2025).
NBB · sector comparisonPosition among 11297 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-05-2026, 21 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
21 d late
2024
26 d late
2023
21 d late
2022
2 d late
2021
12 d late
2020
39 d early
2019
11 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▲ 73.3%
2024 · €10k
2018: €-68k
2019: €-75k
2020: €-36k
2021: €-34k
2022: €12k
2023: €-20k
2024: €10k
2018 → 2025
Total assets
€367k▲ 13.4%
2024 · €324k
2018: €561k
2019: €515k
2020: €268k
2021: €234k
2022: €259k
2023: €377k
2024: €324k
2018 → 2025
Net result
€7k▼ 75.5%
2024 · €30k
2018: €19k
2019: €-7k
2020: €39k
2021: €2k
2022: €46k
2023: €-32k
2024: €30k
2018 → 2025
Working capital
€-35k▲ 51.3%
2024 · €-73k
2018: €-168k
2019: €-170k
2020: €87k
2021: €33k
2022: €40k
2023: €-62k
2024: €-73k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-34k-€12k€-20k€10k€17k▲ 73.3%
Operating result€5k-€64k▲ 1,073%€-27k€19k€23k▲ 22.4%
Net result€2k-€46k▲ 2,040%€-32k€30k€7k▼ 75.5%
Turnover and EBIT margin not published: the abbreviated or 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 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €367k
Fixed assets
€63k▼ 27.0%
Current assets
€304k▲ 28.0%
Equity and liabilities €367k
Equity
€17k▲ 73.3%
Debt
€350k▲ 11.5%
The debt ratio falls from 96.9% to 95.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▲
2024 · €41k
Cash flow
€31k▼
2024 · €52k
Solvency
4.7%▲
2024 · 3.1%
Current ratio
0.90▲
2024 · 0.77
Quick ratio
0.75▲
2024 · 0.63
Debt / equity
20.38▼
2024 · 31.68
ROE
42.3%▼
2024 · 298.7%
ROA
2.0%▼
2024 · 9.1%
Interest coverage
3.38▲
2024 · 3.33
Debt
€350k▲
2024 · €314k
Debt ≤ 1 year
€340k▲
2024 · €310k
Income taxes
€4k▲
2024 · €293
Staff costs
€22k▼
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€324k€367k▲
Fixed assets21/28€86k€63k▼
Tangible fixed assets22/27€86k€62k▼
Plant, machinery and equipment23€62k€48k▼
Furniture and vehicles24€16k€9k▼
Other tangible fixed assets26€7k€6k▼
Financial fixed assets28€490€490=
Current assets29/58€238k€304k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€41k€50k▲
Stocks30/36€41k€39k▼
Contracts in progress37-€11k
Amounts receivable within one year40/41€108k€180k▲
Trade receivables40€70k€66k▼
Other amounts receivable41€38k€114k▲
Cash at bank and in hand54/58€87k€73k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€324k€367k▲
Equity10/15€10k€17k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-12k€-5k▲
Amounts payable17/49€314k€350k▲
Amounts payable after more than one year17€0-
Other amounts payable178/9€0-
Amounts payable within one year42/48€310k€340k▲
Financial debts43€50k€50k=
Credit institutions430/8€50k€50k=
Trade debts44€66k€12k▼
Suppliers440/4€66k€12k▼
Advances received on contracts in progress46€28k€13k▼
Taxes, remuneration and social security45€37k€54k▲
Taxes450/3€29k€50k▲
Remuneration and social security454/9€8k€3k▼
Other amounts payable47/48€129k€211k▲
Accrued charges and deferred income492/3€4k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€42k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7k€0▼
Other operating charges640/8€10k€6k▼
Gross operating margin9900€101k€74k▼
Operating profit (loss)9901€19k€23k▲
Financial income75/76B€24k€2k▼
Recurring financial income75€24k€2k▼
Financial charges65/66B€12k€14k▲
Recurring financial charges65€12k€14k▲
Profit (loss) for the period before taxes9903€30k€12k▼
Income taxes67/77€293€4k▲
Profit (loss) for the period9904€30k€7k▼
Profit (loss) for the period to be appropriated9905€30k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-5k▲
Profit (loss) brought forward from the previous period14P€-42k€-12k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
30-09
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
30-09
Financial
Weakest financial yearnet €-32k ▼169%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Highest result since 2018net €46k ▲2040%
Operating result €64k, net result €46k, both a record.
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 1.49
Current ratio from 0.63 to 1.49; short-term debt falls from €464k to €175k.
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Mortsel · 2 establishment units since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Statielei 732640 MortselGround area
7,825 m²
Building footprint
4,418 m²
Volume, LiDAR
31,046 m³
3 parcels, Flanders · tallest building 18.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
PRINCESS
since 19992.097.025.479
"Arte Cose"
since 20132.229.385.642
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0095/02B000 | Flanders | 7,030 m² | 1 · 3,911 m² | 8.2 m · 2 fl. |
| 11512B0069/00S003 | Flanders | 730 m² | 1 · 443 m² | 14.4 m · 1 fl. |
| 11512B0066/00W000 | Flanders | 65 m² | 1 · 64 m² | 18.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JMS & Co
BE 0656.520.744
Leuven · Eq €18k
LEMCA
BE 0435.259.982
Antwerpen · Eq €18k
STAN EDITIONS
BE 0783.195.816
Oostende · Eq €16k
NATURALYA
BE 0841.150.049
Dison · Eq €18k
ANNA & REINOUD
BE 0698.768.105
Boutersem · Eq €16k
Of 1,170 companies in sector 46499 we hold annual accounts for 743. 267 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-11-1999
Fiscal year end30-09
Activities, NACEBEL
46499Wholesale of other household goods
47551Retail sale of household furniture
47591Retail trade
51478
32990Other manufacturing not elsewhere classified
46190Agents in non-specialised wholesale trade
47789Other retail sale of new goods
52498
52740
71408
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.