Artec
ActiveSummary
Artec has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of €615,088. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 69% of 4188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-1
Solvency80▲+7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280,000 at 30 days acceptable
Liquidity ample (current ratio 2.19 against 1.89 in 2024; short-term debt: 25% and cash: 10.3% of total assets), and 45.3% of the assets are financed with debt.
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Signals
Six 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 →
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
54.7%
Return on assets
9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
14 d early
2023
28 d early
2022
41 d early
2021
34 d early
2020
38 d early
2019
39 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 32 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, full schema
In the rankings
#1 oldest company in Huy, Wholesale and retail trade sector#2 company by total assets in Huy, Wholesale and retail trade sector#2 company by equity in Huy, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€615,088▼ 17.5%
2024 · €745,439
Working capital
€2.0m▼ 7.4%
2024 · €2.2m
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
Line20212022202320242025
Operating result€1.4m▼ 13.0%€1.2m▼ 13.5%€973,771▼ 20.7%€827,086▼ 15.1%€666,856▼ 19.4%
Net result€1.2m▼ 7.4%€1.0m▼ 14.1%€840,053▼ 18.6%€745,439▼ 11.3%€615,088▼ 17.5%
Equity€5.0m=€5.0m▼ 1.4%€3.8m▼ 22.4%€3.8m▼ 0.9%€3.8m▼ 1.4%
Total assets€9.8m▼ 0.5%€10.1m▲ 3.5%€7.6m▼ 24.7%€7.9m▲ 3.9%€6.9m▼ 13.3%
Debt€4.5m▼ 0.6%€4.9m▲ 9.7%€3.6m▼ 27.7%€3.9m▲ 9.8%€2.9m▼ 24.9%
Working capital€3.6m▲ 2.6%€3.6m▲ 0.2%€2.4m▼ 32.3%€2.2m▼ 8.4%€2.0m▼ 7.4%
Staff (FTE)28.3▲ 20.4%26.8▼ 5.3%28.5▲ 6.3%25.7▼ 9.8%23.7▼ 7.8%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 19% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.9m
Fixed assets
€3.1m ▼ 4.0%
Current assets
€3.8m ▼ 19.7%
Equity and liabilities €6.9m
Equity
€3.8m ▼ 1.4%
Provisions
€162,243 ▼ 10.0%
Debt
€2.9m ▼ 24.9%
Debt's share of the balance-sheet total falls from 49.6% to 42.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€965,062▼
2024 · €1.1m
Cash flow
€913,295▼
2024 · €1.1m
Current ratio
2.19▲
2024 · 1.89
Quick ratio
0.92▼
2024 · 0.93
Debt to equity
0.78▼
2024 · 1.03
ROE
16.4%▼
2024 · 19.6%
ROA
9.0%▼
2024 · 9.4%
Interest coverage
19.20▲
2024 · 19.08
Debt ≤ 1 year
€1.7m▼
2024 · €2.5m
Debt > 1 year
€1.1m▼
2024 · €1.4m
Income taxes
€102,009▼
2024 · €148,638
Staff costs
€1.0m▲
2024 · €981,768
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €500 | - |
| Remuneration, social security and pensions62 | €942,857 | €953,692 | €1.0m | €981,768 | €1.0m | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €492,827 | €464,908 | €349,284 | €310,550 | €298,207 | ▼ 4.0% |
| Other operating charges640/8 | €45,840 | €50,294 | €100,487 | €119,264 | €115,478 | ▼ 3.2% |
| Gross operating margin9900 | €2.9m | €2.7m | €2.4m | €2.2m | €2.1m | ▼ 5.1% |
| Operating profit (loss)9901 | €1.4m | €1.2m | €973,771 | €827,086 | €666,856 | ▼ 19.4% |
| Financial income75/76B | €137,160 | €125,722 | €102,018 | €106,764 | €82,495 | ▼ 22.7% |
| Recurring financial income75 | €137,160 | €125,722 | €102,018 | €106,764 | €82,495 | ▼ 22.7% |
| Financial charges65/66B | €63,656 | €65,634 | €56,524 | €59,635 | €50,252 | ▼ 15.7% |
| Recurring financial charges65 | €63,656 | €65,634 | €56,524 | €59,635 | €50,252 | ▼ 15.7% |
| Profit (loss) for the period before taxes9903 | €1.5m | €1.3m | €1.0m | €874,215 | €699,098 | ▼ 20.0% |
| Transfer from deferred taxes780 | €28,501 | €25,946 | €22,172 | €19,861 | €17,999 | ▼ 9.4% |
| Transfer to deferred taxes680 | €0 | - | - | - | - | - |
| Income taxes67/77 | €320,628 | €282,325 | €201,384 | €148,638 | €102,009 | ▼ 31.4% |
| Profit (loss) for the period9904 | €1.2m | €1.0m | €840,053 | €745,439 | €615,088 | ▼ 17.5% |
| Transfer from tax-exempt reserves789 | €85,502 | €77,838 | €66,516 | €59,584 | €53,996 | ▼ 9.4% |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.3m | €1.1m | €906,569 | €805,023 | €669,084 | ▼ 16.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.8m | €10.1m | €7.6m | €7.9m | €6.9m | ▼ 13.3% |
| Fixed assets21/28 | €4.1m | €3.7m | €3.4m | €3.2m | €3.1m | ▼ 4.0% |
| Intangible fixed assets21 | €651 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €4.1m | €3.7m | €3.4m | €3.2m | €3.1m | ▼ 4.0% |
| Land and buildings22 | €4.0m | €3.6m | €3.4m | €3.2m | €3.1m | ▼ 4.0% |
| Plant, machinery and equipment23 | €109,804 | €36,535 | €30,593 | €26,056 | €32,390 | ▲ 24.3% |
| Furniture and vehicles24 | €45,978 | €39,927 | €35,842 | €25,842 | €16,150 | ▼ 37.5% |
| Financial fixed assets28 | €186 | €186 | €186 | €186 | €186 | = |
| Current assets29/58 | €5.6m | €6.4m | €4.2m | €4.7m | €3.8m | ▼ 19.7% |
| Stocks and contracts in progress3 | €1.9m | €2.4m | €2.5m | €2.4m | €2.2m | ▼ 8.5% |
| Stocks30/36 | €1.9m | €2.4m | €2.5m | €2.4m | €2.2m | ▼ 8.5% |
| Amounts receivable within one year40/41 | €1.1m | €1.4m | €650,299 | €326,375 | €344,754 | ▲ 5.6% |
| Trade receivables40 | €307,922 | €308,218 | €268,278 | €267,700 | €246,087 | ▼ 8.1% |
| Other amounts receivable41 | €831,844 | €1.1m | €382,021 | €58,675 | €98,667 | ▲ 68.2% |
| Current investments50/53 | €1.4m | €0 | €500,000 | €0 | €520,000 | - |
| Cash at bank and in hand54/58 | €1.2m | €2.6m | €539,746 | €2.0m | €708,946 | ▼ 63.9% |
| Deferred charges and accrued income490/1 | €454 | €0 | €258 | €147 | €221 | ▲ 50.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.8m | €10.1m | €7.6m | €7.9m | €6.9m | ▼ 13.3% |
| Equity10/15 | €5.0m | €5.0m | €3.8m | €3.8m | €3.8m | ▼ 1.4% |
| Contributions10/11 | €158,625 | €158,625 | €158,625 | €158,625 | €158,625 | = |
| Capital10 | €158,625 | €158,625 | €158,625 | €158,625 | €158,625 | = |
| Issued capital100 | €158,625 | €158,625 | €158,625 | €158,625 | €158,625 | = |
| Reserves13 | €4.9m | €4.8m | €3.7m | €3.6m | €3.6m | ▼ 1.5% |
| Non-distributable reserves130/1 | €15,863 | €15,863 | €15,863 | €15,863 | €15,863 | = |
| Legal reserve130 | €15,863 | €15,863 | €15,863 | €15,863 | €15,863 | = |
| Tax-exempt reserves132 | €748,604 | €670,766 | €604,250 | €544,666 | €490,670 | ▼ 9.9% |
| Distributable reserves133 | €4.1m | €4.1m | €3.1m | €3.1m | €3.1m | = |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €248,221 | €222,275 | €200,103 | €180,242 | €162,243 | ▼ 10.0% |
| Deferred taxes168 | €248,221 | €222,275 | €200,103 | €180,242 | €162,243 | ▼ 10.0% |
| Amounts payable17/49 | €4.5m | €4.9m | €3.6m | €3.9m | €2.9m | ▼ 24.9% |
| Amounts payable after more than one year17 | €2.4m | €2.1m | €1.8m | €1.4m | €1.1m | ▼ 21.3% |
| Financial debts170/4 | €2.4m | €2.1m | €1.8m | €1.4m | €1.1m | ▼ 21.3% |
| Amounts payable within one year42/48 | €2.1m | €2.8m | €1.8m | €2.5m | €1.7m | ▼ 30.6% |
| Current portion of amounts payable after more than one year42 | €323,107 | €326,980 | €330,828 | €334,868 | €304,487 | ▼ 9.1% |
| Trade debts44 | €326,909 | €375,220 | €315,388 | €326,183 | €203,115 | ▼ 37.7% |
| Suppliers440/4 | €326,909 | €375,220 | €315,388 | €326,183 | €203,115 | ▼ 37.7% |
| Taxes, remuneration and social security45 | €226,914 | €192,274 | €366,641 | €450,508 | €146,102 | ▼ 67.6% |
| Taxes450/3 | €117,677 | €94,953 | €254,085 | €283,466 | €54,961 | ▼ 80.6% |
| Remuneration and social security454/9 | €109,237 | €97,322 | €112,556 | €167,041 | €91,141 | ▼ 45.4% |
| Other amounts payable47/48 | €1.2m | €1.9m | €750,000 | €1.4m | €1.1m | ▼ 22.0% |
| Accrued charges and deferred income492/3 | €0 | - | €42,673 | €22,922 | €107,083 | ▲ 367% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.2m | €1.0m | €840,053 | €745,439 | €615,088 | ▼ 17.5% |
| + Depreciation and write-downs630 | €492,827 | €464,908 | €349,284 | €310,550 | €298,207 | ▼ 4.0% |
| Operating cash flow (approximation) | €1.7m | €1.5m | €1.2m | €1.1m | €913,295 | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | -€35,053 | -€80,163 | -€102,614 | -€168,670 | ▼ 64.4% |
| Change in cash | - | €1.4m | -€2.1m | €1.4m | -€1.3m | ▼ 188% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €1.3m ▲709%
Operating result €1.6m, net result €1.3m, both a record.
31-12
Financial
Equity above €5mEq €5.0m ▲10.5%
3 profitable years in a row build equity to €5.0m.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €160,332 ▼68.2%
Net result drops to €160,332, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Huy · 1 establishment unit since 1983
Ground area
1.6 ha
Building footprint
2,702 m²
Parcel 61061A0339/05D000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ARTEC
since 19832.022.666.170
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61061A0339/05D000 | Wallonia | 1.6 ha | 1 · 2,702 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHuy2.022.666.170
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 656 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-12-1970
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
46431Wholesale of electrical household appliances and audio-video equipment
47120Other non-specialised retail sale
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Scores and ratios are computed by Checked and are not a credit decision.