ARTEC
ActiveSummary
ARTEC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €14k. Equity is growing by ~64.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-8
Solvency84▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.05 against 1.63 in 2024; short-term debt: 25.9% and cash: 31% of total assets), and 40.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
6 d early
2023
7 d early
2022
10 d early
2021
2 d early
2020
4 d late
2019
6 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▲ 33.7%
2024 · €43k
2019: €3klowest in 7 years
2020: €7k▲ +162% vs 2019
2021: €12k▲ +64.3% vs 2020
2022: €24k▲ +96.4% vs 2021
2023: €21k▼ -10.3% vs 2022
2024: €43k▲ +101% vs 2023
2025: €57k▲ +33.7% vs 2024highest in 7 years
2019 → 2025
Total assets
€96k▼ 6.0%
2024 · €102k
2019: €43k
2020: €41k▼ -4.9% vs 2019
2021: €39k▼ -3.1% vs 2020lowest in 7 years
2022: €40k▲ +1.4% vs 2021
2023: €85k▲ +114% vs 2022
2024: €102k▲ +19.6% vs 2023highest in 7 years
2025: €96k▼ -6.0% vs 2024
2019 → 2025
Net result
€14k▼ 33.1%
2024 · €21k
2019: €-3klowest in 7 years
2020: €5k▲ +234% vs 2019
2021: €10k▲ +115% vs 2020
2022: €12k▲ +19.2% vs 2021
2023: €-2k▼ -121% vs 2022
2024: €21k▲ +988% vs 2023highest in 7 years
2025: €14k▼ -33.1% vs 2024
2019 → 2025
Working capital
€26k▲ 21.8%
2024 · €21k
2019: €-12klowest in 7 years
2020: €-8k▲ +31.5% vs 2019
2021: €-3k▲ +60.1% vs 2020
2022: €15k▲ +555% vs 2021
2023: €4k▼ -74.2% vs 2022
2024: €21k▲ +465% vs 2023
2025: €26k▲ +21.8% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€24k▲ 96.4%€21k▼ 10.3%€43k▲ 101%€57k▲ 33.7%
2021: €12klowest in 5 years
2022: €24k▲ +96.4% vs 2021
2023: €21k▼ -10.3% vs 2022
2024: €43k▲ +101% vs 2023
2025: €57k▲ +33.7% vs 2024highest in 5 years
Operating result€13k-€18k▲ 37.8%€10k▼ 43.2%€23k▲ 128%€21k▼ 11.6%
2021: €13k
2022: €18k▲ +37.8% vs 2021
2023: €10k▼ -43.2% vs 2022lowest in 5 years
2024: €23k▲ +128% vs 2023highest in 5 years
2025: €21k▼ -11.6% vs 2024
Net result€10k-€12k▲ 19.2%€-2k€21k€14k▼ 33.1%
2021: €10k
2022: €12k▲ +19.2% vs 2021
2023: €-2k▼ -121% vs 2022lowest in 5 years
2024: €21k▲ +988% vs 2023highest in 5 years
2025: €14k▼ -33.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96k
Fixed assets
€45k ▼ 3.1%
Current assets
€51k ▼ 8.4%
Equity and liabilities €96k
Equity
€57k ▲ 33.7%
Debt
€39k ▼ 34.4%
Debt's share of the balance-sheet total falls from 58.3% to 40.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▲
2024 · €37k
Cash flow
€31k▼
2024 · €35k
Current ratio
2.05▲
2024 · 1.63
Debt to equity
0.69▼
2024 · 1.40
ROE
25.2%▼
2024 · 50.4%
ROA
15.0%▼
2024 · 21.0%
Interest coverage
48.87▲
2024 · 42.36
Debt ≤ 1 year
€25k▼
2024 · €34k
Debt > 1 year
€14k▼
2024 · €25k
Income taxes
€6k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€102k€96k▼
Fixed assets21/28€47k€45k▼
Tangible fixed assets22/27€46k€45k▼
Plant, machinery and equipment23€940€11k▲
Furniture and vehicles24€46k€34k▼
Financial fixed assets28€75€75=
Current assets29/58€55k€51k▼
Amounts receivable within one year40/41€16k€12k▼
Trade receivables40€16k€12k▼
Cash at bank and in hand54/58€38k€30k▼
Deferred charges and accrued income490/1€1k€9k▲
Equity and liabilities
Total equity and liabilities10/49€102k€96k▼
Equity10/15€43k€57k▲
Contributions10/11€6k€6k=
Reserves13€28k€38k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€27k€37k▲
Profit (loss) carried forward14€8k€12k▲
Amounts payable17/49€59k€39k▼
Amounts payable after more than one year17€25k€14k▼
Financial debts170/4€25k€14k▼
Amounts payable within one year42/48€34k€25k▼
Current portion of amounts payable after more than one year42€11k€11k▲
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45€16k€8k▼
Taxes450/3€13k€5k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€258€225▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€17k▲
Other operating charges640/8€638€98▼
Gross operating margin9900€37k€37k▼
Operating profit (loss)9901€23k€21k▼
Financial charges65/66B€870€764▼
Recurring financial charges65€870€764▼
Profit (loss) for the period before taxes9903€22k€20k▼
Income taxes67/77€1k€6k▲
Profit (loss) for the period9904€21k€14k▼
Profit (loss) for the period to be appropriated9905€21k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€22k▼
Profit (loss) brought forward from the previous period14P€7k€8k▲
Transfer to equity691/2€20k€10k▼
To other reserves6921€20k€10k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €11k | €14k | €17k | ▲ 23.6% |
| Other operating charges640/8 | - | €521 | €9k | €638 | €98 | ▼ 84.7% |
| Gross operating margin9900 | €23k | €27k | €31k | €37k | €37k | ▼ 0.1% |
| Operating profit (loss)9901 | €13k | €18k | €10k | €23k | €21k | ▼ 11.6% |
| Financial charges65/66B | - | €432 | €876 | €870 | €764 | ▼ 12.1% |
| Recurring financial charges65 | €361 | €432 | €876 | €870 | €764 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €13k | €18k | €9k | €22k | €20k | ▼ 11.6% |
| Income taxes67/77 | €3k | €6k | €12k | €1k | €6k | ▲ 439% |
| Profit (loss) for the period9904 | €10k | €12k | €-2k | €21k | €14k | ▼ 33.1% |
| Profit (loss) for the period to be appropriated9905 | €10k | €12k | €-2k | €21k | €14k | ▼ 33.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39k | €40k | €85k | €102k | €96k | ▼ 6.0% |
| Fixed assets21/28 | €18k | €9k | €54k | €47k | €45k | ▼ 3.1% |
| Tangible fixed assets22/27 | €17k | €9k | €54k | €46k | €45k | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | €940 | €11k | ▲ 1,033% |
| Furniture and vehicles24 | - | €9k | €54k | €46k | €34k | ▼ 24.6% |
| Financial fixed assets28 | €125 | €75 | €75 | €75 | €75 | = |
| Current assets29/58 | €22k | €31k | €32k | €55k | €51k | ▼ 8.4% |
| Amounts receivable within one year40/41 | €4k | €11k | €15k | €16k | €12k | ▼ 24.6% |
| Trade receivables40 | - | €11k | €15k | €16k | €12k | ▼ 24.6% |
| Cash at bank and in hand54/58 | €15k | €20k | €17k | €38k | €30k | ▼ 22.7% |
| Deferred charges and accrued income490/1 | - | €914 | €173 | €1k | €9k | ▲ 600% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39k | €40k | €85k | €102k | €96k | ▼ 6.0% |
| Equity10/15 | €12k | €24k | €21k | €43k | €57k | ▲ 33.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €1k | €8k | €8k | €28k | €38k | ▲ 35.4% |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €7k | €7k | €27k | €37k | ▲ 37.0% |
| Profit (loss) carried forward14 | €5k | €9k | €7k | €8k | €12k | ▲ 53.4% |
| Amounts payable17/49 | €27k | €16k | €64k | €59k | €39k | ▼ 34.4% |
| Amounts payable after more than one year17 | €1k | - | €36k | €25k | €14k | ▼ 44.0% |
| Financial debts170/4 | - | - | €36k | €25k | €14k | ▼ 44.0% |
| Amounts payable within one year42/48 | €25k | €16k | €28k | €34k | €25k | ▼ 27.3% |
| Current portion of amounts payable after more than one year42 | - | €1k | €11k | €11k | €11k | ▲ 1.3% |
| Trade debts44 | €5k | €5k | €7k | €7k | €5k | ▼ 26.0% |
| Suppliers440/4 | - | €5k | €7k | €7k | €5k | ▼ 26.0% |
| Taxes, remuneration and social security45 | - | €11k | €10k | €16k | €8k | ▼ 48.4% |
| Taxes450/3 | - | €8k | €7k | €13k | €5k | ▼ 58.7% |
| Remuneration and social security454/9 | - | €2k | €3k | €3k | €3k | = |
| Other amounts payable47/48 | - | - | €40 | €258 | €225 | ▼ 12.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €12k | €-2k | €21k | €14k | ▼ 33.1% |
| + Depreciation and write-downs630 | €9k | €9k | €11k | €14k | €17k | ▲ 23.6% |
| Operating cash flow (approximation) | €18k | €20k | €9k | €35k | €31k | ▼ 11.1% |
| Investment in fixed assets (approximation) | - | €50 | €-56k | €-6k | €-15k | ▼ 136% |
| Change in cash | - | €4k | €-3k | €22k | €-9k | ▼ 140% |
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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 1.89
Current ratio from 0.87 to 1.89; short-term debt falls from €25k to €16k.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
31-03
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2017
04-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
26-10
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 2 acts read
About the unread acts
We know of 2 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
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, Rixensart · 1 establishment unit since 2011
Ground area
1,729 m²
Building footprint
138 m²
Volume, LiDAR
723 m³
Parcel 25091G0442/00A000, Wallonia · tallest building 24.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ARTEC
since 20112.198.621.103
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091G0442/00A000 | Wallonia | 1,729 m² | 1 · 138 m² | 24.2 m · 1 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.
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Of 2,263 companies in sector 71113 we hold annual accounts for 658. 548 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-03-2011
Fiscal year end31-03
Activities, NACEBEL 2025
71113Urban planning and landscape architecture
41001General construction of residential buildings
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail
ewalravens@yahoo.frRixensart
Phone
0476/426339Rixensart
Scores and ratios are computed by Checked and are not a credit decision.