ARTEFOR
ActiveARTEFOR has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.62M and a net result of €21k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 2252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-26
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 3.14 against 3.81 in 2024), and 18.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
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
81.3%
Return on assets
1.1%
Age of the figures
8 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
17 d early
2023
5 d early
2022
45 d early
2021
45 d early
2020
40 d early
2019
43 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.62M▲ 1.3%
2024 · €1.60M
2018: €1.21M
2019: €1.39M
2020: €1.48M
2021: €1.51M
2022: €1.58M
2023: €1.50M
2024: €1.60M
2018 → 2025
Total assets
€1.99M▼ 3.4%
2024 · €2.06M
2018: €1.34M
2019: €1.49M
2020: €1.94M
2021: €2.16M
2022: €2.21M
2023: €2.05M
2024: €2.06M
2018 → 2025
Net result
€21k▼ 79.5%
2024 · €102k
2018: €196k
2019: €177k
2020: €94k
2021: €28k
2022: €89k
2023: €-69k
2024: €102k
2018 → 2025
Working capital
€188k▼ 23.4%
2024 · €245k
2018: €386k
2019: €565k
2020: €164k
2021: €50k
2022: €149k
2023: €230k
2024: €245k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.51M-€1.58M▲ 4.3%€1.50M▼ 4.8%€1.60M▲ 6.4%€1.62M▲ 1.3%
Operating result€2k-€-17k€19k€-16k€34k
Net result€28k-€89k▲ 217%€-69k€102k€21k▼ 79.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €34k after a loss of €16k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.99M
Fixed assets
€1.71M▼ 0.8%
Current assets
€276k▼ 17.1%
Equity and liabilities €1.99M
Equity
€1.62M▲ 1.3%
Provisions
€31k▼ 4.6%
Debt
€341k▼ 20.9%
The debt ratio falls from 20.9% to 17.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€48k▲
2024 · €-3k
Cash flow
€35k▼
2024 · €116k
Solvency
81.3%▲
2024 · 77.5%
Current ratio
3.14▼
2024 · 3.81
Quick ratio
3.14▼
2024 · 3.81
Debt / equity
0.21▼
2024 · 0.27
ROE
1.3%▼
2024 · 6.4%
ROA
1.1%▼
2024 · 5.0%
Interest coverage
10.41▲
2024 · -0.31
Debt
€341k▼
2024 · €431k
Debt ≤ 1 year
€88k▲
2024 · €87k
Debt > 1 year
€253k▼
2024 · €344k
Income taxes
€10k▲
2024 · €257
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.06M€1.99M▼
Fixed assets21/28€1.73M€1.71M▼
Tangible fixed assets22/27€258k€244k▼
Land and buildings22€254k€242k▼
Plant, machinery and equipment23€4k€2k▼
Financial fixed assets28€1.47M€1.47M=
Current assets29/58€333k€276k▼
Amounts receivable after more than one year29€201k€220k▲
Other amounts receivable291€201k€220k▲
Amounts receivable within one year40/41€21k€28k▲
Other amounts receivable41€21k€28k▲
Current investments50/53€95k€16k▼
Cash at bank and in hand54/58€13k€11k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€2.06M€1.99M▼
Equity10/15€1.60M€1.62M▲
Contributions10/11€866k€866k=
Reserves13€731k€751k▲
Tax-exempt reserves132€126k€120k▼
Distributable reserves133€604k€631k▲
Provisions and deferred taxes16€32k€31k▼
Deferred taxes168€32k€31k▼
Amounts payable17/49€431k€341k▼
Amounts payable after more than one year17€344k€253k▼
Financial debts170/4€284k€213k▼
Other amounts payable178/9€60k€40k▼
Amounts payable within one year42/48€87k€88k▲
Current portion of amounts payable after more than one year42€70k€76k▲
Trade debts44€3k€829▼
Suppliers440/4€3k€829▼
Taxes, remuneration and social security45€14k€10k▼
Taxes450/3€11k€10k▼
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€1k€1k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-302€50k▲
Operating profit (loss)9901€-16k€34k▲
Financial income75/76B€119k€379▼
Recurring financial income75€119k€379▼
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Profit (loss) for the period before taxes9903€95k€30k▼
Transfer from deferred taxes780€7k€1k▼
Income taxes67/77€257€10k▲
Profit (loss) for the period9904€102k€21k▼
Transfer from tax-exempt reserves789-€6k
Profit (loss) for the period to be appropriated9905€102k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€102k€27k▼
Transfer to equity691/2€102k€27k▼
To other reserves6921€102k€27k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €102k
Net result €102k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-69k ▼177%
Net result drops to €-69k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
Erik Smet
CurrentDirector · since 21-03-2023
Gewone Commanditaire Vennootschap “BJ Services”
CurrentDirector · since 21-03-2023 · Legal entity · perm. rep.: BJ Services
21-03-2023
Erik Smet: Resigned as Director
21-03-2023
Erik Smet: Appointed as Director
21-03-2023
Gewone Commanditaire Vennootschap “BJ Services”: Resigned as Director
21-03-2023
Gewone Commanditaire Vennootschap “BJ Services”: Appointed as Director
Location & real-estate footprint
Registered office, Stekene · 1 establishment unit since 1995
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.
Bettestraat (STE) 8-109190 StekeneGround area
7,706 m²
Building footprint
1,566 m²
Volume, LiDAR
16,593 m³
Parcel 46024A1464/00C000, Flanders · tallest building 12.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ARTEFOR
since 19952.073.266.815
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A1464/00C000 | Flanders | 7,706 m² | 1 · 1,566 m² | 12.2 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.
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MEDIATOPPER
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Of 11,174 companies in sector 82100 we hold annual accounts for 3,488. 1,200 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-1995
Fiscal year end31-12
Activities, NACEBEL
74855
82100Office administrative and support services
82110Office administrative, office support and other business support activities
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.