ARTECH
ActiveSummary
ARTECH has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €255,609 and a net result of €10,881. Equity is growing by ~3.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+13
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.54 in 2024; short-term debt: 23.2% and cash: 10.3% of total assets), and 23.9% of the assets are financed with debt.
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Signals
Four 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
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
76.1%
Return on assets
3.2%
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
58 d early
2023
56 d early
2022
59 d late
2021
41 d early
2020
36 d early
2019
95 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€255,609▲ 4.4%
2024 · €244,728
Total assets
€335,951▲ 4.4%
2024 · €321,728
Net result
€10,881▲ 83.8%
2024 · €5,921
Working capital
€59,026▲ 42.6%
2024 · €41,383
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€12,599▲ 75.4%€18,561▲ 47.3%€2,987▼ 83.9%€11,839▲ 296%€15,745▲ 33.0%
Net result€9,417▲ 131%€15,402▲ 63.5%-€898€5,921€10,881▲ 83.8%
Equity€224,303▲ 4.4%€239,705▲ 6.9%€238,807▼ 0.4%€244,728▲ 2.5%€255,609▲ 4.4%
Total assets€300,154▲ 0.9%€314,237▲ 4.7%€312,261▼ 0.6%€321,728▲ 3.0%€335,951▲ 4.4%
Debt€75,850▼ 8.0%€74,532▼ 1.7%€73,454▼ 1.4%€77,000▲ 4.8%€80,342▲ 4.3%
Working capital€34,441▲ 30.5%€44,350▲ 28.8%€46,962▲ 5.9%€41,383▼ 11.9%€59,026▲ 42.6%
Turnover and EBIT margin not published: the 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 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €335,951
Fixed assets
€199,112 ▼ 2.5%
Current assets
€136,838 ▲ 16.4%
Equity and liabilities €335,951
Equity
€255,609 ▲ 4.4%
Debt
€80,342 ▲ 4.3%
Debt's share of the balance-sheet total stays at 23.9%.
Key figures and ratios
EBITDA
€20,802▲
2024 · €15,506
Cash flow
€15,938▲
2024 · €9,588
Current ratio
1.76▲
2024 · 1.54
Debt to equity
0.31▼
2024 · 0.31
ROE
4.3%▲
2024 · 2.4%
ROA
3.2%▲
2024 · 1.8%
Interest coverage
3.98▲
2024 · 2.65
Debt ≤ 1 year
€77,813▲
2024 · €76,176
Income taxes
€581▲
2024 · €286
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,581 | €3,119 | €3,596 | €3,667 | €5,057 | ▲ 37.9% |
| Other operating charges640/8 | €6,295 | €6,465 | €6,856 | €7,651 | €7,912 | ▲ 3.4% |
| Non-recurring operating charges66A | €326 | €409 | - | - | - | - |
| Gross operating margin9900 | €21,800 | €28,553 | €13,439 | €23,157 | €28,714 | ▲ 24.0% |
| Operating profit (loss)9901 | €12,599 | €18,561 | €2,987 | €11,839 | €15,745 | ▲ 33.0% |
| Financial income75/76B | €0 | - | €378 | €211 | €938 | ▲ 344% |
| Recurring financial income75 | €0 | - | €378 | €211 | €938 | ▲ 344% |
| Financial charges65/66B | €2,937 | €2,891 | €3,995 | €5,844 | €5,221 | ▼ 10.7% |
| Recurring financial charges65 | €2,937 | €2,891 | €3,995 | €5,844 | €5,221 | ▼ 10.7% |
| Profit (loss) for the period before taxes9903 | €9,663 | €15,670 | -€629 | €6,207 | €11,462 | ▲ 84.7% |
| Income taxes67/77 | €246 | €268 | €269 | €286 | €581 | ▲ 104% |
| Profit (loss) for the period9904 | €9,417 | €15,402 | -€898 | €5,921 | €10,881 | ▲ 83.8% |
| Profit (loss) for the period to be appropriated9905 | €9,417 | €15,402 | -€898 | €5,921 | €10,881 | ▲ 83.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €300,154 | €314,237 | €312,261 | €321,728 | €335,951 | ▲ 4.4% |
| Fixed assets21/28 | €193,414 | €198,216 | €194,621 | €204,169 | €199,112 | ▼ 2.5% |
| Tangible fixed assets22/27 | €193,414 | €198,216 | €194,621 | €204,169 | €199,112 | ▼ 2.5% |
| Land and buildings22 | €169,588 | €169,588 | €169,588 | €203,435 | €198,628 | ▼ 2.4% |
| Plant, machinery and equipment23 | €23,826 | €28,628 | €25,033 | €735 | €484 | ▼ 34.2% |
| Current assets29/58 | €106,740 | €116,021 | €117,641 | €117,559 | €136,838 | ▲ 16.4% |
| Amounts receivable within one year40/41 | - | €157 | - | - | - | - |
| Trade receivables40 | - | €157 | - | - | - | - |
| Current investments50/53 | - | - | - | - | €99,236 | - |
| Cash at bank and in hand54/58 | €104,540 | €112,372 | €114,795 | €114,535 | €34,486 | ▼ 69.9% |
| Deferred charges and accrued income490/1 | €2,200 | €3,492 | €2,846 | €3,024 | €3,116 | ▲ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €300,154 | €314,237 | €312,261 | €321,728 | €335,951 | ▲ 4.4% |
| Equity10/15 | €224,303 | €239,705 | €238,807 | €244,728 | €255,609 | ▲ 4.4% |
| Contributions10/11 | €594,608 | €594,608 | €594,608 | €594,608 | €594,608 | = |
| Reserves13 | €7,723 | €7,723 | €7,723 | €7,723 | €7,723 | = |
| Distributable reserves133 | €7,723 | €7,723 | €7,723 | €7,723 | €7,723 | = |
| Profit (loss) carried forward14 | -€378,028 | -€362,626 | -€363,525 | -€357,603 | -€346,722 | ▲ 3.0% |
| Amounts payable17/49 | €75,850 | €74,532 | €73,454 | €77,000 | €80,342 | ▲ 4.3% |
| Amounts payable within one year42/48 | €72,299 | €71,671 | €70,679 | €76,176 | €77,813 | ▲ 2.1% |
| Trade debts44 | €1,182 | €1,230 | - | €1,394 | €3,390 | ▲ 143% |
| Suppliers440/4 | €1,182 | €1,230 | - | €1,394 | €3,390 | ▲ 143% |
| Taxes, remuneration and social security45 | €474 | €513 | €1,476 | €1,774 | €1,573 | ▼ 11.3% |
| Taxes450/3 | €474 | €513 | €1,476 | €1,774 | €1,573 | ▼ 11.3% |
| Other amounts payable47/48 | €70,643 | €69,928 | €69,202 | €73,009 | €72,850 | ▼ 0.2% |
| Accrued charges and deferred income492/3 | €3,552 | €2,861 | €2,776 | €824 | €2,529 | ▲ 207% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,417 | €15,402 | -€898 | €5,921 | €10,881 | ▲ 83.8% |
| + Depreciation and write-downs630 | €2,581 | €3,119 | €3,596 | €3,667 | €5,057 | ▲ 37.9% |
| Operating cash flow (approximation) | €11,998 | €18,521 | €2,697 | €9,588 | €15,938 | ▲ 66.2% |
| Investment in fixed assets (approximation) | - | -€7,921 | €0 | -€13,215 | €0 | ▲ 100% |
| Change in cash | - | €7,832 | €2,423 | -€260 | -€80,049 | ▼ 30,670% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €5,921
Net result €5,921 after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Highest result since 2018net €15,402 ▲63.5%
Operating result €18,561, net result €15,402, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4,079
Net result €4,079 after one loss-making year.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
31-12
Financial
Weakest financial yearnet -€38,956
Net result drops to -€38,956, the lowest in the series; recovery starts the following year.
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Turnhout · 1 establishment unit since 1990
Ground area
326 m²
Building footprint
326 m²
Parcel 13452M0024/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
ARTECH NV
since 19902.049.092.336
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452M0024/00E000 | Flanders | 326 m² | 1 · 326 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded06-07-1990
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441047716
Also
9925:BE0441047716
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.