Summary
ARTECO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2022 annual accounts show equity of €26.96M and a net result of €11.83M. Equity remains stable across the filed fiscal years (±0.4% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Axes, FY 2022 · tick = 2021
Profitability88▼-2
Solvency84▲+3
Growth43▲+16
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
59.5%
Return on assets
26.1%
Age of the figures
45 mo
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 →
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 16-07-2026, 15 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
15 d early
2024
44 d early
2023
33 d early
2022
62 d early
2021
54 d early
2020
4 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2022, full schema, statutory accounts
Turnover
€150.66M▲ 4.8%
2021 · €143.80M
2018: €167.94M
2019: €136.76M
2020: €106.19M
2021: €143.80M
2018 → 2022
EBIT margin
10.3%▼ 1.2pp
2021 · 11.6%
2018: 13.0%
2019: 18.7%
2020: 15.6%
2021: 11.6%
2018 → 2022
Net result
€11.83M▼ 5.9%
2021 · €12.57M
2018: €15.06M
2019: €17.99M
2020: €12.37M
2021: €12.57M
2018 → 2022
Working capital
€25.06M▲ 14.3%
2021 · €21.94M
2018: €22.82M
2019: €27.58M
2020: €21.61M
2021: €21.94M
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€167.94M-€136.76M▼ 18.6%€106.19M▼ 22.4%€143.80M▲ 35.4%€150.66M▲ 4.8%
Equity€25.70M-€29.19M▲ 13.6%€23.56M▼ 19.3%€24.13M▲ 2.4%€26.96M▲ 11.7%
Operating result€21.87M-€25.59M▲ 17.0%€16.60M▼ 35.1%€16.61M▲ 0.1%€15.53M▼ 6.5%
Net result€15.06M-€17.99M▲ 19.4%€12.37M▼ 31.2%€12.57M▲ 1.6%€11.83M▼ 5.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 6% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €45.34M
Fixed assets
€2.87M ▲ 16.6%
Current assets
€42.48M ▲ 5.4%
Equity and liabilities €45.34M
Equity
€26.96M ▲ 11.7%
Provisions
€307k
Debt
€18.07M ▼ 2.9%
Debt's share of the balance-sheet total falls from 43.5% to 39.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16.15M▼
2021 · €17.73M
Cash flow
€12.45M▼
2021 · €13.69M
Current ratio
2.44▲
2021 · 2.20
Quick ratio
1.65▲
2021 · 1.59
Debt to equity
0.67▼
2021 · 0.77
ROE
43.9%▼
2021 · 52.1%
ROA
26.1%▼
2021 · 29.4%
Interest coverage
363.97▲
2021 · 343.69
Debt ≤ 1 year
€17.41M▼
2021 · €18.35M
Income taxes
€3.54M▼
2021 · €4.03M
Staff costs
€9.88M▲
2021 · €8.64M
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 · 2022 against 2021 · 89 lines
Balance sheet
Code20212022
Assets
Total assets20/58€42.74M€45.34M▲
Fixed assets21/28€2.46M€2.87M▲
Intangible fixed assets21€273k€383k▲
Tangible fixed assets22/27€1.54M€1.35M▼
Plant, machinery and equipment23€821k€668k▼
Furniture and vehicles24€224k€254k▲
Other tangible fixed assets26€499k€424k▼
Financial fixed assets28€643k€1.14M▲
Affiliated companies280/1€634k€727k▲
Participating interests280€634k€727k▲
Other financial fixed assets284/8€9k€412k▲
Amounts receivable and cash guarantees285/8€9k€412k▲
Current assets29/58€40.28M€42.48M▲
Amounts receivable after more than one year29-€196k
Other amounts receivable291-€196k
Stocks and contracts in progress3€11.13M€13.73M▲
Stocks30/36€11.13M€13.73M▲
Raw materials and consumables30/31€5.03M€7.97M▲
Finished goods33€5.45M€5.52M▲
Goods purchased for resale34€239k€81k▼
Advance payments36€417k€161k▼
Amounts receivable within one year40/41€28.47M€28.06M▼
Trade receivables40€26.86M€26.48M▼
Other amounts receivable41€1.61M€1.58M▼
Cash at bank and in hand54/58€682k€486k▼
Equity and liabilities
Total equity and liabilities10/49€42.74M€45.34M▲
Equity10/15€24.13M€26.96M▲
Contributions10/11€6.29M€6.29M=
Capital10€6.29M€6.29M=
Issued capital100€6.29M€6.29M=
Reserves13€17.85M€20.68M▲
Non-distributable reserves130/1€629k€629k=
Legal reserve130€629k€629k=
Distributable reserves133€17.22M€20.05M▲
Provisions and deferred taxes16-€307k
Provisions for liabilities and charges160/5-€307k
Other liabilities and charges164/5-€307k
Amounts payable17/49€18.61M€18.07M▼
Amounts payable after more than one year17€266k-
Financial debts170/4€266k-
Credit institutions173€266k-
Amounts payable within one year42/48€18.35M€17.41M▼
Current portion of amounts payable after more than one year42€302k€266k▼
Trade debts44€15.61M€14.39M▼
Suppliers440/4€15.61M€14.39M▼
Taxes, remuneration and social security45€2.43M€2.75M▲
Taxes450/3€511k€448k▼
Remuneration and social security454/9€1.92M€2.31M▲
Accrued charges and deferred income492/3-€662k
Income statement
Code20212022
Operating income70/76A€149.50M€154.61M▲
Turnover70€143.80M€150.66M▲
Change in stocks of work in progress, finished goods and contracts in progress71€1.96M€70k▼
Other operating income74€3.73M€3.88M▲
Non-recurring operating income76A€8k-
Operating charges60/66A€132.89M€139.08M▲
Goods for resale, raw materials and consumables60€100.54M€102.17M▲
Purchases600/8€102.25M€104.91M▲
Change in stocks: decrease (increase)609€-1.72M€-2.74M▼
Services and other goods61€22.54M€26.04M▲
Remuneration, social security and pensions62€8.64M€9.88M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.12M€615k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€17k€4k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-15k€307k▲
Other operating charges640/8€37k€37k▼
Non-recurring operating charges66A€5k€29k▲
Operating profit (loss)9901€16.61M€15.53M▼
Financial income75/76B€340k€1.62M▲
Recurring financial income75€340k€1.62M▲
Income from financial fixed assets750-€1,000k
Other financial income752/9€340k€624k▲
Financial charges65/66B€347k€1.78M▲
Recurring financial charges65€347k€863k▲
Debt charges650€52k€44k▼
Other financial charges652/9€296k€819k▲
Non-recurring financial charges66B-€919k
Profit (loss) for the period before taxes9903€16.60M€15.37M▼
Income taxes67/77€4.03M€3.54M▼
Taxes670/3€4.04M€3.54M▼
Tax adjustments and reversals of tax provisions77€7k€10▼
Profit (loss) for the period9904€12.57M€11.83M▼
Profit (loss) for the period to be appropriated9905€12.57M€11.83M▼
Appropriation of the result
Profit (loss) to be appropriated9906€12.57M€11.83M▼
Transfer from equity791/2€12.00M€9.00M▼
From reserves792€12.00M€9.00M▼
Transfer to equity691/2€12.57M€11.83M▼
To other reserves6921€12.57M€11.83M▼
Profit to be distributed694/7€12.00M€9.00M▼
Return on contributions (dividend)694€12.00M€9.00M▼
Social balance
Average headcount (FTE)908762.067.5▲
The notes to these accounts (64 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
07-08
State Gazette act
Appointment: BV PWC Bedrijfsrevisoren (statutory auditor)Permanent representative: Ann Cleenewerck3 facts ▸
State Gazette act
Appointment: BV PWC Bedrijfsrevisoren (statutory auditor)
Permanent representative: Ann Cleenewerck3 facts ▸
- General meeting, 29/05/2026
- Auditor appointment, BV PWC Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Ann Cleenewerck (representative)
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €11.83M ▼5.9%
Net result drops to €11.83M, the lowest in the series.
31-12
Financial
Equity above €25MEq €26.96M ▲11.7%
5 profitable years in a row build equity to €26.96M.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated · 4 days late
2019
31-12
Financial
Highest result since 2018net €17.99M ▲19.4%
Operating result €25.59M, net result €17.99M, both a record.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Schoten · 2 establishment units since 1998
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.
Metropoolstraat 252900 SchotenGround area
3.0 ha
Building footprint
1,103 m²
Volume, LiDAR
3,214 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ARTECO NV
since 19982.088.068.223
ARTECO NV
since 20172.258.882.253
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11443C0656/00Z002 | Flanders | 2.7 ha | 1 · 238 m² | 7.8 m · 2 fl. |
| 44062A0172/00S000 | Flanders | 3,091 m² | 1 · 864 m² | 3.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| BV PwC BedrijfsrevisorenCurrent Statutory auditor · represented by Ann Cleenewerck | 07-08-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 1,428,410 EUR awarded · 1,186,237 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 403,173 EUR | 161,000 EUR |
| 2024 | 1 | 0 EUR | 195,957 EUR |
| 2023 | 3 | 3,280 EUR | 416,280 EUR |
| 2022 | 2 | 1,021,957 EUR | 413,000 EUR |
Schemes
Onderzoeksproject
Ontwikkelingsproject
O&O-haalbaarheidsstudie
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
984500DAB066089FB965
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Of 1,228 companies in sector 46851 we hold annual accounts for 516. 160 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46851Wholesale of industrial chemicals
20590Manufacture of chemicals and chemical products
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:ww.arteco-coolants.com/en