ARTEFIM
ActiveSummary
ARTEFIM has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €403k and a net result of €-3k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+3
Solvency100▲+14
Growth45=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 4.93 against 3.77 in 2024; short-term debt: 8.2% and cash: 25.4% of total assets), and 25.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
112 d early
2023
69 d early
2022
68 d early
2021
33 d early
2020
33 d early
2019
38 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
Turnover
€152k▼ 5.7%
2024 · €161k
EBIT margin
2.4%▼ 3.2pp
2024 · 5.6%
Net result
€-3k▼ 88.2%
2024 · €-2k
Working capital
€173k▼ 22.9%
2024 · €224k
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€154k-€194k▲ 26.0%€193k▼ 0.7%€161k▼ 16.3%€152k▼ 5.7%
Operating result€189k-€41k▼ 78.2%€43k▲ 4.9%€9k▼ 79.0%€4k▼ 60.0%
Net result€123k-€18k▼ 85.7%€17k▼ 2.2%€-2k€-3k▼ 88.2%
EBIT margin122.5%-21.2%▼ 101.3pp22.4%▲ 1.2pp5.6%▼ 16.8pp2.4%▼ 3.2pp
Equity€372k-€389k▲ 4.7%€409k▲ 4.9%€407k▼ 0.4%€403k▼ 0.8%
Total assets€518k-€657k▲ 26.9%€663k▲ 0.9%€670k▲ 1.1%€540k▼ 19.5%
Debt€146k-€268k▲ 83.5%€255k▼ 4.9%€264k▲ 3.6%€137k▼ 48.2%
Working capital€351k-€254k▼ 27.6%€240k▼ 5.7%€224k▼ 6.3%€173k▼ 22.9%
Staff (FTE)1-1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 60% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €540k
Fixed assets
€323k ▼ 11.6%
Current assets
€217k ▼ 28.9%
Equity and liabilities €540k
Equity
€403k ▼ 0.8%
Debt
€137k ▼ 48.2%
Debt's share of the balance-sheet total falls from 39.3% to 25.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€45k▼
2024 · €48k
Cash flow
€38k▲
2024 · €37k
Current ratio
4.93▲
2024 · 3.77
Debt to equity
0.34▼
2024 · 0.65
ROE
-0.9%▼
2024 · -0.4%
ROA
-0.6%▼
2024 · -0.3%
Interest coverage
5.09▲
2024 · 4.59
Debt ≤ 1 year
€44k▼
2024 · €81k
Debt > 1 year
€93k▼
2024 · €183k
Income taxes
€3k▼
2024 · €5k
Staff costs
€69k▲
2024 · €67k
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €154k | €194k | €193k | €161k | €152k | ▼ 5.7% |
| Non-recurring operating income76A | €171k | - | - | €5k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €71k | €75k | €53k | €60k | €51k | ▼ 15.4% |
| Remuneration, social security and pensions62 | €59k | €62k | €77k | €67k | €69k | ▲ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €22k | €32k | €38k | €41k | ▲ 6.8% |
| Other operating charges640/8 | - | - | €2k | €2k | €1k | ▼ 34.7% |
| Gross operating margin9900 | €254k | €124k | €154k | €116k | €115k | ▼ 1.5% |
| Operating profit (loss)9901 | €189k | €41k | €43k | €9k | €4k | ▼ 60.0% |
| Financial income75/76B | €3k | €4k | €3k | €4k | €4k | ▲ 4.4% |
| Recurring financial income75 | €3k | €4k | €3k | €4k | €4k | ▲ 4.4% |
| Financial charges65/66B | €11k | €7k | €6k | €10k | €9k | ▼ 15.2% |
| Recurring financial charges65 | €11k | €7k | €6k | €10k | €9k | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | €181k | €38k | €40k | €3k | €-656 | ▼ 122% |
| Income taxes67/77 | €58k | €20k | €23k | €5k | €3k | ▼ 42.8% |
| Profit (loss) for the period9904 | €123k | €18k | €17k | €-2k | €-3k | ▼ 88.2% |
| Profit (loss) for the period to be appropriated9905 | €123k | €18k | €17k | €-2k | €-3k | ▼ 88.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €518k | €657k | €663k | €670k | €540k | ▼ 19.5% |
| Fixed assets21/28 | €21k | €322k | €341k | €365k | €323k | ▼ 11.6% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €21k | €322k | €341k | €365k | €323k | ▼ 11.6% |
| Land and buildings22 | - | €279k | €296k | €280k | €264k | ▼ 5.8% |
| Plant, machinery and equipment23 | €1k | €1k | €146 | €0 | - | - |
| Furniture and vehicles24 | €20k | €42k | €44k | €85k | €59k | ▼ 30.8% |
| Financial fixed assets28 | €155 | €155 | €155 | €155 | €70 | ▼ 54.8% |
| Current assets29/58 | €497k | €335k | €322k | €305k | €217k | ▼ 28.9% |
| Amounts receivable after more than one year29 | €353k | €317k | €154k | €77k | €77k | = |
| Other amounts receivable291 | €353k | €317k | €154k | €77k | €77k | = |
| Amounts receivable within one year40/41 | €66k | - | - | €63 | €3k | ▲ 5,098% |
| Trade receivables40 | - | - | - | - | €273 | - |
| Other amounts receivable41 | €66k | - | - | €63 | €3k | ▲ 4,665% |
| Current investments50/53 | - | - | €100k | €163k | - | - |
| Cash at bank and in hand54/58 | €78k | €19k | €68k | €66k | €137k | ▲ 108% |
| Deferred charges and accrued income490/1 | - | - | - | - | €201 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €518k | €657k | €663k | €670k | €540k | ▼ 19.5% |
| Equity10/15 | €372k | €389k | €409k | €407k | €403k | ▼ 0.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €353k | €371k | €390k | €388k | €385k | ▼ 0.9% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Other1319 | €2k | - | - | - | - | - |
| Distributable reserves133 | €351k | €369k | €388k | €386k | €383k | ▼ 0.9% |
| Amounts payable17/49 | €146k | €268k | €255k | €264k | €137k | ▼ 48.2% |
| Amounts payable after more than one year17 | €171 | €185k | €172k | €183k | €93k | ▼ 49.4% |
| Financial debts170/4 | €171 | €185k | €172k | €183k | €93k | ▼ 49.4% |
| Amounts payable within one year42/48 | €146k | €81k | €83k | €81k | €44k | ▼ 45.6% |
| Current portion of amounts payable after more than one year42 | €3k | €34k | €47k | €70k | €29k | ▼ 58.7% |
| Financial debts43 | €47k | €1k | - | - | - | - |
| Credit institutions430/8 | €47k | €1k | - | - | - | - |
| Trade debts44 | €4k | €7k | €3k | €2k | €259 | ▼ 86.9% |
| Suppliers440/4 | €4k | €7k | €3k | €2k | €259 | ▼ 86.9% |
| Taxes, remuneration and social security45 | €81k | €36k | €32k | €9k | €15k | ▲ 76.0% |
| Taxes450/3 | €81k | €36k | €29k | €5k | €12k | ▲ 160% |
| Remuneration and social security454/9 | - | - | €3k | €4k | €3k | ▼ 29.6% |
| Other amounts payable47/48 | €11k | €3k | €972 | €947 | - | - |
| Accrued charges and deferred income492/3 | - | €2k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €123k | €18k | €17k | €-2k | €-3k | ▼ 88.2% |
| + Depreciation and write-downs630 | €6k | €22k | €32k | €38k | €41k | ▲ 6.8% |
| Operating cash flow (approximation) | €128k | €39k | €49k | €37k | €38k | ▲ 2.8% |
| Investment in fixed assets (approximation) | - | €-323k | €-51k | €-63k | €1k | ▲ 102% |
| Change in cash | - | €-59k | €50k | €-3k | €71k | ▲ 2,847% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €123k ▲258%
Operating result €189k, net result €123k, both a record.
31-12
Financial
Equity above €200kEq €372k ▲90.3%
2 profitable years in a row build equity to €372k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Gent · 1 establishment unit since 2009
Ground area
858 m²
Building footprint
697 m²
Volume, LiDAR
17,164 m³
2 parcels, Flanders · tallest building 29.1 m, ±9 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ARTEFIM
since 20092.177.582.989
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0009/00B003 | Flanders | 585 m² | 1 · 508 m² | 28.6 m · 8 fl. |
| 44804D2921/00D000 | Flanders | 273 m² | 1 · 189 m² | 29.1 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,710 companies in sector 70100 we hold annual accounts for 3,495. 2,267 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
Founded20-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.