ARTEFACT
ActiveSummary
ARTEFACT has been active since 1980 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €172,098 and a net result of €19,657. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 93% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+46
Solvency100=
Growth78▲+26
Track record92
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 2.79 against 9.4 in 2024; short-term debt: 10.4% and cash: 2.1% of total assets), and 10.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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
89.2%
Return on assets
10.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €172,098
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
67 d late
2023
85 d late
2022
53 d early
2021
51 d early
2020
44 d late
2019
42 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 12 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
Checked, nothing found (1)
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. Usually files around 31 August (4 of the last 5 filed years within 82 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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 check 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 Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Mettet, Wholesale and retail trade sector
Equity
€172,098▲ 12.9%
2024 · €152,441
Total assets
€192,986▲ 24.2%
2024 · €155,439
Net result
€19,657
2024 · -€2,704
Working capital
€36,034▲ 92.8%
2024 · €18,694
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€29,601-€9,824€11,979-€3,599€27,584
Net result€7,936within the sector's middle half▲ 1,541%-€9,976below the sector's middle half€10,669within the sector's middle half-€2,704within the sector's middle half€19,657within the sector's middle half
Equity€154,452above the sector's middle half▲ 5.4%€144,476above the sector's middle half▼ 6.5%€155,145above the sector's middle half▲ 7.4%€152,441above the sector's middle half▼ 1.7%€172,098above the sector's middle half▲ 12.9%
Total assets€208,106within the sector's middle half▲ 41.9%€155,714within the sector's middle half▼ 25.2%€157,705within the sector's middle half▲ 1.3%€155,439within the sector's middle half▼ 1.4%€192,986within the sector's middle half▲ 24.2%
Debt€53,654▲ 30,378%€11,238▼ 79.1%€2,559▼ 77.2%€2,997▲ 17.1%€20,888▲ 597%
Working capital€20,617within the sector's middle half▲ 63.5%€8,760within the sector's middle half▼ 57.5%€20,412within the sector's middle half▲ 133%€18,694within the sector's middle half▼ 8.4%€36,034within the sector's middle half▲ 92.8%
Solvency74.2%above the sector's middle half▼ 25.7pp92.8%above the sector's middle half▲ 18.6pp98.4%above the sector's middle half▲ 5.6pp98.1%above the sector's middle half▼ 0.3pp89.2%above the sector's middle half▼ 8.9pp
Current ratio1.38within the sector's middle half▼ 71.231.78within the sector's middle half▲ 0.4010.39above the sector's middle half▲ 8.619.40above the sector's middle half▼ 0.992.79within the sector's middle half▼ 6.61
Return on assets (ROA)3.8%within the sector's middle half▲ 3.5pp-6.4%below the sector's middle half▼ 10.2pp6.8%within the sector's middle half▲ 13.2pp-1.7%within the sector's middle half▼ 8.5pp10.2%within the sector's middle half▲ 11.9pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €27,584 after a loss of €3,599 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192,986
Fixed assets
€136,836 ▲ 1.7%
Current assets
€56,150 ▲ 168%
Equity and liabilities €192,986
Equity
€172,098 ▲ 12.9%
Debt
€20,888 ▲ 597%
Debt's share of the balance-sheet total rises from 1.9% to 10.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28,267▲
2024 · -€3,000
Cash flow
€20,340▲
2024 · -€2,106
Debt to equity
0.12▲
2024 · 0.02
ROE
11.4%▲
2024 · -1.8%
Debt ≤ 1 year
€20,116▲
2024 · €2,226
Income taxes
€8,669▲
2024 · -€150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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 | - | €513 | €599 | €599 | €683 | ▲ 14.0% |
| Other operating charges640/8 | €1,646 | €551 | €463 | €987 | €484 | ▼ 51.0% |
| Gross operating margin9900 | €31,247 | -€8,759 | €13,041 | -€2,013 | €28,751 | ▲ 1,528% |
| Operating profit (loss)9901 | €29,601 | -€9,824 | €11,979 | -€3,599 | €27,584 | ▲ 866% |
| Financial income75/76B | €520 | - | €443 | €783 | €742 | ▼ 5.3% |
| Recurring financial income75 | €520 | - | €443 | €783 | €742 | ▼ 5.3% |
| Financial charges65/66B | €6,751 | €153 | €86 | €38 | - | - |
| Recurring financial charges65 | €6,751 | €153 | €86 | €38 | - | - |
| Profit (loss) for the period before taxes9903 | €23,370 | -€9,977 | €12,336 | -€2,854 | €28,325 | ▲ 1,092% |
| Income taxes67/77 | €15,434 | -€1 | €1,667 | -€150 | €8,669 | ▲ 5,892% |
| Profit (loss) for the period9904 | €7,936 | -€9,976 | €10,669 | -€2,704 | €19,657 | ▲ 827% |
| Profit (loss) for the period to be appropriated9905 | €7,936 | -€9,976 | €10,669 | -€2,704 | €19,657 | ▲ 827% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208,106 | €155,714 | €157,705 | €155,439 | €192,986 | ▲ 24.2% |
| Fixed assets21/28 | €133,835 | €135,716 | €135,118 | €134,519 | €136,836 | ▲ 1.7% |
| Tangible fixed assets22/27 | €133,835 | €135,716 | €135,118 | €134,519 | €136,836 | ▲ 1.7% |
| Land and buildings22 | €133,835 | €133,835 | €133,835 | €133,835 | €133,835 | = |
| Plant, machinery and equipment23 | - | €1,882 | €1,283 | €684 | €85 | ▼ 87.5% |
| Furniture and vehicles24 | - | - | - | - | €2,916 | - |
| Current assets29/58 | €74,271 | €19,998 | €22,587 | €20,920 | €56,150 | ▲ 168% |
| Amounts receivable within one year40/41 | €74,138 | €12,042 | €16,117 | €16,798 | €52,028 | ▲ 210% |
| Trade receivables40 | €66,550 | - | - | - | €34,375 | - |
| Other amounts receivable41 | €7,589 | €12,042 | €16,117 | €16,798 | €17,652 | ▲ 5.1% |
| Cash at bank and in hand54/58 | €133 | €7,956 | €6,470 | €4,122 | €4,122 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208,106 | €155,714 | €157,705 | €155,439 | €192,986 | ▲ 24.2% |
| Equity10/15 | €154,452 | €144,476 | €155,145 | €152,441 | €172,098 | ▲ 12.9% |
| Contributions10/11 | €123,950 | €123,950 | €123,950 | €123,950 | €123,950 | = |
| Reserves13 | €24,708 | €24,708 | €30,905 | €30,905 | €47,905 | ▲ 55.0% |
| Non-distributable reserves130/1 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Reserves not available under the articles1311 | - | - | €12,395 | €12,395 | €12,395 | = |
| Financial assistance1313 | €12,395 | €12,395 | - | - | - | - |
| Distributable reserves133 | €12,313 | €12,313 | €18,510 | €18,510 | €35,510 | ▲ 91.8% |
| Profit (loss) carried forward14 | €5,793 | -€4,182 | €290 | -€2,414 | €243 | ▲ 110% |
| Amounts payable17/49 | €53,654 | €11,238 | €2,559 | €2,997 | €20,888 | ▲ 597% |
| Amounts payable within one year42/48 | €53,654 | €11,238 | €2,175 | €2,226 | €20,116 | ▲ 804% |
| Trade debts44 | €29,615 | €400 | €2,111 | €1,318 | €11,140 | ▲ 745% |
| Suppliers440/4 | €29,615 | €400 | €2,111 | €1,318 | €11,140 | ▲ 745% |
| Taxes, remuneration and social security45 | €16,218 | €8,830 | - | €600 | €8,669 | ▲ 1,345% |
| Taxes450/3 | €16,218 | €8,830 | - | €600 | €8,669 | ▲ 1,345% |
| Other amounts payable47/48 | €7,821 | €2,008 | €64 | €307 | €307 | = |
| Accrued charges and deferred income492/3 | - | - | €384 | €772 | €772 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,936 | -€9,976 | €10,669 | -€2,704 | €19,657 | ▲ 827% |
| + Depreciation and write-downs630 | - | €513 | €599 | €599 | €683 | ▲ 14.0% |
| Operating cash flow (approximation) | €7,936 | -€9,462 | €11,268 | -€2,106 | €20,340 | ▲ 1,066% |
| Investment in fixed assets (approximation) | - | -€2,395 | €0 | €0 | -€3,000 | - |
| Change in cash | - | €7,823 | -€1,485 | -€2,348 | €0 | ▲ 100% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €19,657
Net result €19,657 after one loss-making year.
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
31-12
Financial
Back to profitnet €10,669
Net result €10,669 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 10.39
Current ratio from 1.78 to 10.39; short-term debt falls from €11,238 to €2,175.
31-12
Financial
Equity above €150,000Eq €155,145 ▲7.4%
Equity rises from €144,476 to €155,145.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€9,976
Net result drops to -€9,976, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €154,452 ▲5.4%
2 profitable years in a row build equity to €154,452.
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
Show earlier events
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-12
KBO administration
Strikeout withdrawal
event 23-08-2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
01-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 32 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Mettet · 1 establishment unit since 1980
Ground area
786 m²
Building footprint
513 m²
Volume, LiDAR
3,868 m³
Parcel 93005C0056/00D000, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Place des Combattants, Biesmerée 2, 5640 Mettet
since 19802.020.723.004
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93005C0056/00D000 | Wallonia | 786 m² | 1 · 513 m² | 10.0 m · 3 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 1,290 companies in sector 47690 we hold annual accounts for 425. 312 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
Founded09-07-1980
Fiscal year end31-12
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
90111Literary creation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420633966
Registered
30-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.