ARTEFACT
ActiveSummary
ARTEFACT has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172k and a net result of €20k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 93% of 18400 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 record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k 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.
Credit check 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 · 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 €172k
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 →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€172k▲ 12.9%
2024 · €152k
Total assets
€193k▲ 24.2%
2024 · €155k
Net result
€20k
2024 · €-3k
Working capital
€36k▲ 92.8%
2024 · €19k
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€30k€-10k€12k€-4k€28k
Net result€8k▲ 1,541%€-10k€11k€-3k€20k
Equity€154k▲ 5.4%€144k▼ 6.5%€155k▲ 7.4%€152k▼ 1.7%€172k▲ 12.9%
Total assets€208k▲ 41.9%€156k▼ 25.2%€158k▲ 1.3%€155k▼ 1.4%€193k▲ 24.2%
Debt€54k▲ 30,378%€11k▼ 79.1%€3k▼ 77.2%€3k▲ 17.1%€21k▲ 597%
Working capital€21k▲ 63.5%€9k▼ 57.5%€20k▲ 133%€19k▼ 8.4%€36k▲ 92.8%
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: €28k after a loss of €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193k
Fixed assets
€137k ▲ 1.7%
Current assets
€56k ▲ 168%
Equity and liabilities €193k
Equity
€172k ▲ 12.9%
Debt
€21k ▲ 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
€28k▲
2024 · €-3k
Cash flow
€20k▲
2024 · €-2k
Current ratio
2.79▼
2024 · 9.40
Debt to equity
0.12▲
2024 · 0.02
ROE
11.4%▲
2024 · -1.8%
ROA
10.2%▲
2024 · -1.7%
Debt ≤ 1 year
€20k▲
2024 · €2k
Income taxes
€9k▲
2024 · €-150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
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 | €2k | €551 | €463 | €987 | €484 | ▼ 51.0% |
| Gross operating margin9900 | €31k | €-9k | €13k | €-2k | €29k | ▲ 1,528% |
| Operating profit (loss)9901 | €30k | €-10k | €12k | €-4k | €28k | ▲ 866% |
| Financial income75/76B | €520 | - | €443 | €783 | €742 | ▼ 5.3% |
| Recurring financial income75 | €520 | - | €443 | €783 | €742 | ▼ 5.3% |
| Financial charges65/66B | €7k | €153 | €86 | €38 | - | - |
| Recurring financial charges65 | €7k | €153 | €86 | €38 | - | - |
| Profit (loss) for the period before taxes9903 | €23k | €-10k | €12k | €-3k | €28k | ▲ 1,092% |
| Income taxes67/77 | €15k | €-1 | €2k | €-150 | €9k | ▲ 5,892% |
| Profit (loss) for the period9904 | €8k | €-10k | €11k | €-3k | €20k | ▲ 827% |
| Profit (loss) for the period to be appropriated9905 | €8k | €-10k | €11k | €-3k | €20k | ▲ 827% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208k | €156k | €158k | €155k | €193k | ▲ 24.2% |
| Fixed assets21/28 | €134k | €136k | €135k | €135k | €137k | ▲ 1.7% |
| Tangible fixed assets22/27 | €134k | €136k | €135k | €135k | €137k | ▲ 1.7% |
| Land and buildings22 | €134k | €134k | €134k | €134k | €134k | = |
| Plant, machinery and equipment23 | - | €2k | €1k | €684 | €85 | ▼ 87.5% |
| Furniture and vehicles24 | - | - | - | - | €3k | - |
| Current assets29/58 | €74k | €20k | €23k | €21k | €56k | ▲ 168% |
| Amounts receivable within one year40/41 | €74k | €12k | €16k | €17k | €52k | ▲ 210% |
| Trade receivables40 | €67k | - | - | - | €34k | - |
| Other amounts receivable41 | €8k | €12k | €16k | €17k | €18k | ▲ 5.1% |
| Cash at bank and in hand54/58 | €133 | €8k | €6k | €4k | €4k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208k | €156k | €158k | €155k | €193k | ▲ 24.2% |
| Equity10/15 | €154k | €144k | €155k | €152k | €172k | ▲ 12.9% |
| Contributions10/11 | €124k | €124k | €124k | €124k | €124k | = |
| Reserves13 | €25k | €25k | €31k | €31k | €48k | ▲ 55.0% |
| Non-distributable reserves130/1 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves not available under the articles1311 | - | - | €12k | €12k | €12k | = |
| Financial assistance1313 | €12k | €12k | - | - | - | - |
| Distributable reserves133 | €12k | €12k | €19k | €19k | €36k | ▲ 91.8% |
| Profit (loss) carried forward14 | €6k | €-4k | €290 | €-2k | €243 | ▲ 110% |
| Amounts payable17/49 | €54k | €11k | €3k | €3k | €21k | ▲ 597% |
| Amounts payable within one year42/48 | €54k | €11k | €2k | €2k | €20k | ▲ 804% |
| Trade debts44 | €30k | €400 | €2k | €1k | €11k | ▲ 745% |
| Suppliers440/4 | €30k | €400 | €2k | €1k | €11k | ▲ 745% |
| Taxes, remuneration and social security45 | €16k | €9k | - | €600 | €9k | ▲ 1,345% |
| Taxes450/3 | €16k | €9k | - | €600 | €9k | ▲ 1,345% |
| Other amounts payable47/48 | €8k | €2k | €64 | €307 | €307 | = |
| Accrued charges and deferred income492/3 | - | - | €384 | €772 | €772 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €-10k | €11k | €-3k | €20k | ▲ 827% |
| + Depreciation and write-downs630 | - | €513 | €599 | €599 | €683 | ▲ 14.0% |
| Operating cash flow (approximation) | €8k | €-9k | €11k | €-2k | €20k | ▲ 1,066% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | €-3k | - |
| Change in cash | - | €8k | €-1k | €-2k | €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 €20k
Net result €20k 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 €11k
Net result €11k 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 €11k to €2k.
31-12
Financial
Equity above €150kEq €155k ▲7.4%
Equity rises from €144k to €155k.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, 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 €150kEq €154k ▲5.4%
2 profitable years in a row build equity to €154k.
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
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
Financial 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 1,289 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
Scores and ratios are computed by Checked and are not a credit decision.