ARTEFICE
ActiveSummary
The computed 12-month bankruptcy probability of ARTEFICE is 4.2% (elevated). The 2025 annual accounts show equity of €191,908 and a net result of €10,789. Equity is growing by ~29.6% per year across the filed fiscal years. The company has been active since 2004 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+2
Solvency80▼-2
Growth79▲+16
Track record84
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.13 against 2.27 in 2024; short-term debt: 45.5% and cash: 57.6% of total assets), and 45.5% of the assets are financed with debt.
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Signals
Eight 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
54.5%
Return on assets
3.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
4 d late
2023
42 d early
2022
3 d early
2021
8 d late
2020
134 d late
2019
500 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 85 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-complianceStrikeout withdrawal
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 28 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 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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Financials · fiscal year 2025, micro schema
Turnover
€96,777▲ 18.2%
2020 · €81,884
EBIT margin
30.1%▲ 24.8pp
2020 · 5.3%
Net result
€10,789▲ 110%
2024 · €5,148
Working capital
€180,358▲ 2.2%
2024 · €176,499
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
Turnover€96,777▲ 18.2%
Operating result€29,143▲ 576%€71,227▲ 144%€63,817▼ 10.4%€6,344▼ 90.1%€13,923▲ 119%
Net result€20,928▲ 856%€55,616▲ 166%€46,896▼ 15.7%€5,148▼ 89.0%€10,789▲ 110%
EBIT margin30.1%▲ 24.8pp
Equity€73,460▲ 39.8%€129,076▲ 75.7%€175,972▲ 36.3%€181,119▲ 2.9%€191,908▲ 6.0%
Total assets€138,580▲ 46.7%€233,097▲ 68.2%€302,260▲ 29.7%€319,934▲ 5.8%€352,035▲ 10.0%
Debt€65,121▲ 55.3%€104,021▲ 59.7%€126,289▲ 21.4%€138,814▲ 9.9%€160,127▲ 15.4%
Working capital€70,540▲ 43.6%€122,983▲ 74.3%€169,174▲ 37.6%€176,499▲ 4.3%€180,358▲ 2.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 119% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €352,035
Fixed assets
€11,550 ▲ 150%
Current assets
€340,485 ▲ 8.0%
Equity and liabilities €352,035
Equity
€191,908 ▲ 6.0%
Debt
€160,127 ▲ 15.4%
Debt's share of the balance-sheet total rises from 43.4% to 45.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,721▲
2024 · €8,522
Cash flow
€12,587▲
2024 · €7,325
Current ratio
2.13▼
2024 · 2.27
Debt to equity
0.83▲
2024 · 0.77
ROE
5.6%▲
2024 · 2.8%
ROA
3.1%▲
2024 · 1.6%
Interest coverage
18.69▼
2024 · 26.30
Debt ≤ 1 year
€160,127▲
2024 · €138,814
Income taxes
€4,663▲
2024 · €2,833
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 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 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 17,040 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €96,777 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €50,800 | €34,200 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €487 | €1,295 | €1,988 | €2,178 | €1,798 | ▼ 17.4% |
| Other operating charges640/8 | - | €2,049 | €753 | €926 | €868 | ▼ 6.3% |
| Gross operating margin9900 | €65,032 | €125,371 | €100,757 | €9,448 | €16,589 | ▲ 75.6% |
| Operating profit (loss)9901 | €29,143 | €71,227 | €63,817 | €6,344 | €13,923 | ▲ 119% |
| Financial income75/76B | - | €1,664 | €2,302 | €1,961 | €2,370 | ▲ 20.9% |
| Recurring financial income75 | - | €1,664 | €2,302 | €1,961 | €2,370 | ▲ 20.9% |
| Financial charges65/66B | - | €254 | €303 | €324 | €841 | ▲ 160% |
| Recurring financial charges65 | €356 | €254 | €303 | €324 | €841 | ▲ 160% |
| Profit (loss) for the period before taxes9903 | €28,787 | €72,637 | €65,815 | €7,980 | €15,452 | ▲ 93.6% |
| Income taxes67/77 | €7,858 | €17,021 | €18,920 | €2,833 | €4,663 | ▲ 64.6% |
| Profit (loss) for the period9904 | €20,928 | €55,616 | €46,896 | €5,148 | €10,789 | ▲ 110% |
| Profit (loss) for the period to be appropriated9905 | €20,928 | €55,616 | €46,896 | €5,148 | €10,789 | ▲ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138,580 | €233,097 | €302,260 | €319,934 | €352,035 | ▲ 10.0% |
| Fixed assets21/28 | €2,920 | €6,093 | €6,798 | €4,620 | €11,550 | ▲ 150% |
| Tangible fixed assets22/27 | €2,920 | €6,093 | €6,798 | €4,620 | €11,550 | ▲ 150% |
| Plant, machinery and equipment23 | - | - | €2,681 | €2,480 | €2,278 | ▼ 8.1% |
| Furniture and vehicles24 | - | €6,093 | €4,117 | €2,141 | €9,272 | ▲ 333% |
| Current assets29/58 | €135,661 | €227,004 | €295,462 | €315,313 | €340,485 | ▲ 8.0% |
| Amounts receivable within one year40/41 | €123,148 | €117,917 | €123,014 | €124,431 | €137,795 | ▲ 10.7% |
| Trade receivables40 | - | €8,868 | €7,896 | €6,379 | €17,269 | ▲ 171% |
| Other amounts receivable41 | - | €109,049 | €115,118 | €118,052 | €120,526 | ▲ 2.1% |
| Cash at bank and in hand54/58 | €12,513 | €108,595 | €171,912 | €190,882 | €202,690 | ▲ 6.2% |
| Deferred charges and accrued income490/1 | - | €492 | €536 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138,580 | €233,097 | €302,260 | €319,934 | €352,035 | ▲ 10.0% |
| Equity10/15 | €73,460 | €129,076 | €175,972 | €181,119 | €191,908 | ▲ 6.0% |
| Contributions10/11 | €74,500 | €74,500 | €74,500 | €74,500 | €74,500 | = |
| Capital10 | - | €74,500 | €74,500 | €74,500 | €74,500 | = |
| Issued capital100 | - | €86,800 | €86,800 | €86,800 | €74,500 | ▼ 14.2% |
| Uncalled capital101 | - | €12,300 | €12,300 | €12,300 | - | - |
| Profit (loss) carried forward14 | -€1,040 | €54,576 | €101,472 | €106,619 | €117,408 | ▲ 10.1% |
| Amounts payable17/49 | €65,121 | €104,021 | €126,289 | €138,814 | €160,127 | ▲ 15.4% |
| Amounts payable within one year42/48 | €65,121 | €104,021 | €126,289 | €138,814 | €160,127 | ▲ 15.4% |
| Trade debts44 | - | - | €495 | €47 | €27 | ▼ 41.6% |
| Suppliers440/4 | - | - | €495 | €47 | €27 | ▼ 41.6% |
| Taxes, remuneration and social security45 | - | €104,021 | €125,794 | €138,767 | €160,099 | ▲ 15.4% |
| Taxes450/3 | - | €104,021 | €125,794 | €138,767 | €160,099 | ▲ 15.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,928 | €55,616 | €46,896 | €5,148 | €10,789 | ▲ 110% |
| + Depreciation and write-downs630 | €487 | €1,295 | €1,988 | €2,178 | €1,798 | ▼ 17.4% |
| Operating cash flow (approximation) | €21,415 | €56,911 | €48,884 | €7,325 | €12,587 | ▲ 71.8% |
| Investment in fixed assets (approximation) | - | -€4,469 | -€2,693 | €0 | -€8,728 | - |
| Change in cash | - | €96,082 | €63,317 | €18,970 | €11,807 | ▼ 37.8% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-02
KBO administration
UBO non-compliance
event 10-02-2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €150,000Eq €175,972 ▲36.3%
5 profitable years in a row build equity to €175,972.
28-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €55,616 ▲166%
Operating result €71,227, net result €55,616, both a record.
30-06
Financial
Equity above €100,000Eq €129,076 ▲75.7%
4 profitable years in a row build equity to €129,076.
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
05-07
KBO administration
Strikeout withdrawal
event 14-06-2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 134 days late
14-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 500 days late
Show earlier events
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 865 days late
2020
30-06
Financial
Weakest financial yearnet €2,189 ▼77.8%
Net result drops to €2,189, the lowest in the series; recovery starts the following year.
2007
12-02
NBB filing
Annual accounts filed
fiscal year 2006 · full schema · 12 days late
2006
15-02
NBB filing
Annual accounts filed
fiscal year 2005 · full schema · 15 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, Koekelberg · 1 establishment unit since 2004
Ground area
147 m²
Building footprint
262 m²
Volume, LiDAR
2,891 m³
Parcel 21492B0097/00A009, Brussels · tallest building 21.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BUREAU D'ARCHITECTES ARTEFICE
since 20042.135.646.129
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0097/00A009 | Brussels | 147 m² | 1 · 262 m² | 21.8 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded09-01-2004
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862568837
Registered
30-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.