ARTE VERDE
ActiveARTE VERDE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €449k and a net result of €133k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 1077 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+5
Solvency55▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity tight (current ratio 1.03 against 1.15 in 2023; short-term debt: 48.8% and cash: 15.4% of total assets), and 70.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-02-2026, 204 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
204 d late
2023
31 d late
2022
107 d late
2021
31 d late
2020
153 d late
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€449k▲ 10.0%
2023 · €408k
2018: €157k
2019: €236k
2020: €274k
2021: €375k
2022: €408k
2023: €408k
2018 → 2024
Total assets
€1.50M▼ 9.9%
2023 · €1.67M
2018: €908k
2019: €1.05M
2020: €1.20M
2021: €1.38M
2022: €1.66M
2023: €1.67M
2018 → 2024
Net result
€133k▲ 51.8%
2023 · €88k
2018: €14k
2019: €124k
2020: €76k
2021: €137k
2022: €174k
2023: €88k
2018 → 2024
Working capital
€22k▼ 85.5%
2023 · €151k
2018: €69k
2019: €182k
2020: €73k
2021: €169k
2022: €26k
2023: €151k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€274k-€375k▲ 37.0%€408k▲ 8.7%€408k=€449k▲ 10.0%
Operating result€112k-€181k▲ 62.2%€257k▲ 41.9%€138k▼ 46.5%€177k▲ 28.2%
Net result€76k-€137k▲ 82.0%€174k▲ 26.7%€88k▼ 49.6%€133k▲ 51.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 28% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.50M
Fixed assets
€748k▲ 43.9%
Current assets
€756k▼ 34.3%
Equity and liabilities €1.50M
Equity
€449k▲ 10.0%
Debt
€1.06M▼ 16.4%
The debt ratio falls from 75.6% to 70.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€371k▲
2023 · €317k
Cash flow
€328k▲
2023 · €267k
Solvency
29.8%▲
2023 · 24.4%
Current ratio
1.03▼
2023 · 1.15
Quick ratio
1.03▼
2023 · 1.14
Debt / equity
2.35▼
2023 · 3.10
ROE
29.7%▲
2023 · 21.5%
ROA
8.9%▲
2023 · 5.3%
Interest coverage
24.48▲
2023 · 14.67
Debt
€1.06M▼
2023 · €1.26M
Debt ≤ 1 year
€734k▼
2023 · €999k
Debt > 1 year
€322k▲
2023 · €263k
Income taxes
€32k▲
2023 · €29k
Staff costs
€746k▲
2023 · €743k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.67M€1.50M▼
Fixed assets21/28€520k€748k▲
Tangible fixed assets22/27€518k€746k▲
Land and buildings22€166k€152k▼
Plant, machinery and equipment23€131k€99k▼
Furniture and vehicles24€216k€491k▲
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€2k€2k=
Current assets29/58€1.15M€756k▼
Amounts receivable after more than one year29€23k€13k▼
Other amounts receivable291€23k€13k▼
Stocks and contracts in progress3€9k-
Stocks30/36€9k-
Amounts receivable within one year40/41€820k€463k▼
Trade receivables40€794k€463k▼
Other amounts receivable41€26k-
Cash at bank and in hand54/58€291k€231k▼
Deferred charges and accrued income490/1€7k€49k▲
Equity and liabilities
Total equity and liabilities10/49€1.67M€1.50M▼
Equity10/15€408k€449k▲
Reserves13€408k€449k▲
Distributable reserves133€408k€449k▲
Amounts payable17/49€1.26M€1.06M▼
Amounts payable after more than one year17€263k€322k▲
Financial debts170/4€263k€322k▲
Amounts payable within one year42/48€999k€734k▼
Current portion of amounts payable after more than one year42€104k€128k▲
Trade debts44€342k€266k▼
Suppliers440/4€342k€266k▼
Advances received on contracts in progress46€297k€150k▼
Taxes, remuneration and social security45€227k€168k▼
Taxes450/3€138k€73k▼
Remuneration and social security454/9€89k€95k▲
Other amounts payable47/48€28k€22k▼
Income statement
Code20232024
Non-recurring operating income76A€2k€43k▲
Remuneration, social security and pensions62€743k€746k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€179k€195k▲
Other operating charges640/8€19k€40k▲
Gross operating margin9900€1.08M€1.16M▲
Operating profit (loss)9901€138k€177k▲
Financial income75/76B€340€3k▲
Recurring financial income75€340€3k▲
Financial charges65/66B€22k€15k▼
Recurring financial charges65€22k€15k▼
Profit (loss) for the period before taxes9903€116k€165k▲
Income taxes67/77€29k€32k▲
Profit (loss) for the period9904€88k€133k▲
Profit (loss) for the period to be appropriated9905€88k€133k▲
Appropriation of the result
Profit (loss) to be appropriated9906€88k€133k▲
Transfer from equity791/2€54k€42k▼
Transfer to equity691/2€66k€83k▲
To other reserves6921€66k€83k▲
Profit to be distributed694/7€76k€92k▲
Return on contributions (dividend)694€54k€42k▼
Directors or managers695€22k€50k▲
Social balance
Average headcount (FTE)908713.313.2▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 204 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 107 days late
2022
31-12
Financial
Highest result since 2018net €174k ▲26.7%
Operating result €257k, net result €174k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 153 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 197 days late
2019
31-12
Financial
Equity above €200kEq €236k ▲50.5%
2 profitable years in a row build equity to €236k.
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 207 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Zottegem · 1 establishment unit since 2012
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.
Sint-Goriksstraat 759620 ZottegemGround area
1,504 m²
Building footprint
286 m²
Volume, LiDAR
1,643 m³
Parcel 41061A0775/00N000, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARTE VERDE
since 20122.211.007.310
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41061A0775/00N000 | Flanders | 1,504 m² | 1 · 286 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 to 2025 · 3 entries · 1,505 EUR awarded · 1,505 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 486 EUR | 486 EUR |
| 2024 | 1 | 719 EUR | 719 EUR |
| 2022 | 1 | 300 EUR | 300 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteZottegem2.211.007.310
Similar companies · same sector, comparable size
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LOVELY GARDEN
BE 0420.334.058
Haacht · Eq €449k
L & G MERTENS
BE 0822.542.182
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SEGERS
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Zonnebeke · Eq €450k
Of 21,210 companies in sector 81300 we hold annual accounts for 4,360. 2,734 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2012
Fiscal year end31-12
Activities, NACEBEL
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.