ARTEDECO
Open bankruptcyA bankruptcy procedure is open for ARTEDECO according to publications in the Belgian State Gazette; curator: STEPHANIE BASTIEN.
Summary
The 2021 annual accounts show equity of €144k and a net result of €19k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-08-2022, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
67 d late
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€144k▲ 14.9%
2020 · €125k
2018: €84k
2019: €100k
2020: €125k
2018 → 2021
Total assets
€447k▲ 73.0%
2020 · €258k
2018: €215k
2019: €330k
2020: €258k
2018 → 2021
Net result
€19k▼ 24.6%
2020 · €25k
2018: €14k
2019: €17k
2020: €25k
2018 → 2021
Working capital
€90k▲ 40.0%
2020 · €64k
2018: €18k
2019: €72k
2020: €64k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€84k-€100k▲ 20.2%€125k▲ 24.7%€144k▲ 14.9%
Operating result€14k-€23k▲ 72.6%€31k▲ 30.5%€24k▼ 22.6%
Net result€14k-€17k▲ 24.6%€25k▲ 47.3%€19k▼ 24.6%
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 2021; 2021 is 23% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €447k
Fixed assets
€54k ▼ 11.7%
Current assets
€393k ▲ 99.0%
Equity and liabilities €447k
Equity
€144k ▲ 14.9%
Debt
€303k ▲ 127%
Debt's share of the balance-sheet total rises from 51.6% to 67.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36k▼
2020 · €42k
Cash flow
€31k▼
2020 · €37k
Current ratio
1.30▼
2020 · 1.48
Quick ratio
1.13▼
2020 · 1.32
Debt to equity
2.11
ROE
13.0%▼
2020 · 19.8%
ROA
4.2%▼
2020 · 9.6%
Interest coverage
193.82
Debt ≤ 1 year
€303k▲
2020 · €133k
Income taxes
€6k▲
2020 · €5k
Staff costs
€72k
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 · 2021 against 2020 · 48 lines
Balance sheet
Code20202021
Assets
Total assets20/58€258k€447k▲
Fixed assets21/28€61k€54k▼
Intangible fixed assets21€44k€38k▼
Tangible fixed assets22/27€13k€12k▼
Plant, machinery and equipment23-€6k
Furniture and vehicles24-€7k
Financial fixed assets28€3k€3k=
Current assets29/58€198k€393k▲
Stocks and contracts in progress3€22k€52k▲
Stocks30/36-€52k
Amounts receivable within one year40/41€167k€302k▲
Trade receivables40-€284k
Other amounts receivable41-€18k
Cash at bank and in hand54/58€6k€11▼
Deferred charges and accrued income490/1-€39k
Equity and liabilities
Total equity and liabilities10/49€258k€447k▲
Equity10/15€125k€144k▲
Contributions10/11-€70k
Reserves13€9k€9k=
Non-distributable reserves130/1-€7k
Reserves not available under the articles1311-€7k
Distributable reserves133-€2k
Profit (loss) carried forward14€46k€65k▲
Amounts payable17/49€133k€303k▲
Amounts payable within one year42/48€133k€303k▲
Financial debts43-€3
Credit institutions430/8-€3
Trade debts44€106k€238k▲
Suppliers440/4-€238k
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45-€64k
Taxes450/3-€54k
Remuneration and social security454/9-€10k
Income statement
Code20202021
Remuneration, social security and pensions62-€72k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8-€3k
Gross operating margin9900€44k€112k▲
Operating profit (loss)9901€31k€24k▼
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B-€185
Recurring financial charges65€426€185▼
Profit (loss) for the period before taxes9903€30k€25k▼
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€25k€19k▼
Profit (loss) for the period to be appropriated9905€25k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€65k
Profit (loss) brought forward from the previous period14P-€46k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
19-07
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · ARTEDECO SPRL CHEMIN DU STOCQUOY 1, 1300 WAVRE · event 11-07-2023
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
2020
31-12
Financial
Highest result since 2018net €25k ▲47.3%
Operating result €31k, net result €25k, both a record.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Equity above €100kEq €100k ▲20.2%
2 profitable years in a row build equity to €100k.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Wavre · 1 establishment unit since 2017
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.
Chemin du Stocquoy 11300 WavreGround area
3,033 m²
Building footprint
1,266 m²
Volume, LiDAR
14,653 m³
Parcel 25772K0082/00W000, Wallonia · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ARTEDECO
since 20172.323.658.952
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772K0082/00W000 | Wallonia | 3,033 m² | 1 · 1,266 m² | 16.3 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEPHANIE BASTIEN CHAUSSEE DE LOUVAIN 523,
1380 LASNE |
11-07-2023 → present |
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,719 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 formPrivate limited company (pre-2019)
Founded30-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.