ARTEL ELECTRO
ActiveSummary
ARTEL ELECTRO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €99k. Equity is growing by ~35.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+34
Solvency93▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.83 against 2.11 in 2024; short-term debt: 31.8% and cash: 67% of total assets), and 31.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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
68.2%
Return on assets
43%
Age of the figures
9 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
5 d late
2023
1 d early
2022
7 d late
2021
4 d early
2020
30 d early
2019
31 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, abbreviated schema
Equity
€156k▲ 171%
2024 · €58k
2018: €-14klowest in 8 years
2019: €13k▲ +196% vs 2018
2020: €28k▲ +106% vs 2019
2021: €29k▲ +3.4% vs 2020
2022: €50k▲ +76.8% vs 2021
2023: €60k▲ +19.1% vs 2022
2024: €58k▼ -4.0% vs 2023
2025: €156k▲ +171% vs 2024highest in 8 years
2018 → 2025
Total assets
€229k▲ 125%
2024 · €102k
2018: €32k
2019: €29k▼ -9.0% vs 2018lowest in 8 years
2020: €65k▲ +122% vs 2019
2021: €63k▼ -3.0% vs 2020
2022: €99k▲ +57.1% vs 2021
2023: €117k▲ +17.5% vs 2022
2024: €102k▼ -12.7% vs 2023
2025: €229k▲ +125% vs 2024highest in 8 years
2018 → 2025
Net result
€99k
2024 · €-2k
2018: €2k
2019: €27k▲ +1228% vs 2018
2020: €14k▼ -48.0% vs 2019
2021: €926▼ -93.5% vs 2020
2022: €22k▲ +2268% vs 2021
2023: €10k▼ -56.2% vs 2022
2024: €-2k▼ -125% vs 2023lowest in 8 years
2025: €99k▲ +4172% vs 2024highest in 8 years
2018 → 2025
Working capital
€133k▲ 173%
2024 · €49k
2018: €24k
2019: €11k▼ -51.8% vs 2018lowest in 8 years
2020: €23k▲ +98.9% vs 2019
2021: €25k▲ +11.4% vs 2020
2022: €44k▲ +73.8% vs 2021
2023: €46k▲ +5.2% vs 2022
2024: €49k▲ +4.9% vs 2023
2025: €133k▲ +173% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€29k-€50k▲ 76.8%€60k▲ 19.1%€58k▼ 4.0%€156k▲ 171%
2021: €29klowest in 5 years
2022: €50k▲ +76.8% vs 2021
2023: €60k▲ +19.1% vs 2022
2024: €58k▼ -4.0% vs 2023
2025: €156k▲ +171% vs 2024highest in 5 years
Operating result€7k-€36k▲ 440%€18k▼ 50.2%€1k▼ 93.2%€147k▲ 11,991%
2021: €7k
2022: €36k▲ +440% vs 2021
2023: €18k▼ -50.2% vs 2022
2024: €1k▼ -93.2% vs 2023lowest in 5 years
2025: €147k▲ +11991% vs 2024highest in 5 years
Net result€926-€22k▲ 2,268%€10k▼ 56.2%€-2k€99k
2021: €926
2022: €22k▲ +2268% vs 2021
2023: €10k▼ -56.2% vs 2022
2024: €-2k▼ -125% vs 2023lowest in 5 years
2025: €99k▲ +4172% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 11,991% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €229k
Fixed assets
€23k ▲ 162%
Current assets
€206k ▲ 122%
Equity and liabilities €229k
Equity
€156k ▲ 171%
Debt
€73k ▲ 65.2%
Debt's share of the balance-sheet total falls from 43.4% to 31.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€156k▲
2024 · €10k
Cash flow
€107k▲
2024 · €7k
Current ratio
2.83▲
2024 · 2.11
Debt to equity
0.47▼
2024 · 0.77
ROE
63.1%▲
2024 · -4.2%
ROA
43.0%▲
2024 · -2.4%
Interest coverage
784.70▲
2024 · 32.05
Debt ≤ 1 year
€73k▲
2024 · €44k
Income taxes
€48k▲
2024 · €3k
Staff costs
€192k▲
2024 · €152k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€102k€229k▲
Fixed assets21/28€9k€23k▲
Tangible fixed assets22/27€9k€23k▲
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€5k€22k▲
Current assets29/58€93k€206k▲
Amounts receivable within one year40/41€65k€42k▼
Trade receivables40€61k€36k▼
Other amounts receivable41€4k€6k▲
Cash at bank and in hand54/58€20k€153k▲
Deferred charges and accrued income490/1€8k€10k▲
Equity and liabilities
Total equity and liabilities10/49€102k€229k▲
Equity10/15€58k€156k▲
Contributions10/11€11k€11k=
Outside capital11€11k€11k=
Other1109/19€11k€11k=
Reserves13€46k€144k▲
Non-distributable reserves130/1€6€6=
Reserves not available under the articles1311€6€6=
Distributable reserves133€46k€144k▲
Profit (loss) carried forward14€660€660=
Amounts payable17/49€44k€73k▲
Amounts payable within one year42/48€44k€73k▲
Current portion of amounts payable after more than one year42€3k-
Trade debts44€23k€12k▼
Suppliers440/4€23k€12k▼
Taxes, remuneration and social security45€14k€61k▲
Taxes450/3€3k€48k▲
Remuneration and social security454/9€11k€13k▲
Other amounts payable47/48€5k€66▼
Income statement
Code20242025
Remuneration, social security and pensions62€152k€192k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€164k€351k▲
Operating profit (loss)9901€1k€147k▲
Financial income75/76B€28€1▼
Recurring financial income75€28€1▼
Financial charges65/66B€323€199▼
Recurring financial charges65€323€199▼
Profit (loss) for the period before taxes9903€923€147k▲
Income taxes67/77€3k€48k▲
Profit (loss) for the period9904€-2k€99k▲
Profit (loss) for the period to be appropriated9905€-2k€99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€660€99k▲
Profit (loss) brought forward from the previous period14P€3k€660▼
Transfer to equity691/2-€99k
To other reserves6921-€99k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €63k | €95k | €105k | €152k | €192k | ▲ 26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €7k | €12k | €9k | €9k | ▼ 5.3% |
| Other operating charges640/8 | €2k | €1k | €2k | €2k | €3k | ▲ 70.1% |
| Gross operating margin9900 | €76k | €140k | €137k | €164k | €351k | ▲ 114% |
| Operating profit (loss)9901 | €7k | €36k | €18k | €1k | €147k | ▲ 11,991% |
| Financial income75/76B | €1 | €33 | €155 | €28 | €1 | ▼ 95.8% |
| Recurring financial income75 | €1 | €33 | €155 | €28 | €1 | ▼ 95.8% |
| Financial charges65/66B | €272 | €686 | €434 | €323 | €199 | ▼ 38.6% |
| Recurring financial charges65 | €272 | €686 | €434 | €323 | €199 | ▼ 38.6% |
| Profit (loss) for the period before taxes9903 | €6k | €36k | €18k | €923 | €147k | ▲ 15,836% |
| Income taxes67/77 | €6k | €14k | €8k | €3k | €48k | ▲ 1,347% |
| Profit (loss) for the period9904 | €926 | €22k | €10k | €-2k | €99k | ▲ 4,172% |
| Profit (loss) for the period to be appropriated9905 | €926 | €22k | €10k | €-2k | €99k | ▲ 4,172% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63k | €99k | €117k | €102k | €229k | ▲ 125% |
| Fixed assets21/28 | €8k | €15k | €16k | €9k | €23k | ▲ 162% |
| Tangible fixed assets22/27 | €8k | €15k | €16k | €9k | €23k | ▲ 162% |
| Plant, machinery and equipment23 | €699 | €2k | €3k | €4k | €2k | ▼ 52.2% |
| Furniture and vehicles24 | €7k | €13k | €13k | €5k | €22k | ▲ 302% |
| Current assets29/58 | €55k | €84k | €100k | €93k | €206k | ▲ 122% |
| Stocks and contracts in progress3 | €4k | - | - | - | - | - |
| Stocks30/36 | €4k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €20k | €59k | €39k | €65k | €42k | ▼ 35.2% |
| Trade receivables40 | €17k | €56k | €34k | €61k | €36k | ▼ 41.0% |
| Other amounts receivable41 | €3k | €3k | €5k | €4k | €6k | ▲ 45.5% |
| Cash at bank and in hand54/58 | €29k | €21k | €55k | €20k | €153k | ▲ 685% |
| Deferred charges and accrued income490/1 | €3k | €5k | €7k | €8k | €10k | ▲ 27.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63k | €99k | €117k | €102k | €229k | ▲ 125% |
| Equity10/15 | €29k | €50k | €60k | €58k | €156k | ▲ 171% |
| Contributions10/11 | €11k | €11k | €11k | €11k | €11k | = |
| Capital10 | €11k | €11k | €11k | - | - | - |
| Issued capital100 | €19k | €19k | €19k | - | - | - |
| Uncalled capital101 | €7k | €7k | €7k | - | - | - |
| Outside capital11 | - | - | - | €11k | €11k | = |
| Other1109/19 | - | - | - | €11k | €11k | = |
| Reserves13 | €14k | €36k | €46k | €46k | €144k | ▲ 216% |
| Non-distributable reserves130/1 | €6 | €6 | €6 | €6 | €6 | = |
| Legal reserve130 | €6 | €6 | €6 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €6 | €6 | = |
| Distributable reserves133 | €14k | €36k | €46k | €46k | €144k | ▲ 216% |
| Profit (loss) carried forward14 | €3k | €3k | €3k | €660 | €660 | = |
| Amounts payable17/49 | €35k | €49k | €56k | €44k | €73k | ▲ 65.2% |
| Amounts payable after more than one year17 | €5k | €9k | €3k | - | - | - |
| Financial debts170/4 | €5k | €9k | €3k | - | - | - |
| Amounts payable within one year42/48 | €30k | €40k | €54k | €44k | €73k | ▲ 65.2% |
| Current portion of amounts payable after more than one year42 | €2k | €6k | €6k | €3k | - | - |
| Trade debts44 | €5k | €11k | €29k | €23k | €12k | ▼ 49.8% |
| Suppliers440/4 | €5k | €11k | €29k | €23k | €12k | ▼ 49.8% |
| Taxes, remuneration and social security45 | €22k | €21k | €15k | €14k | €61k | ▲ 346% |
| Taxes450/3 | €11k | €14k | €7k | €3k | €48k | ▲ 1,528% |
| Remuneration and social security454/9 | €10k | €7k | €7k | €11k | €13k | ▲ 19.7% |
| Other amounts payable47/48 | €2k | €3k | €5k | €5k | €66 | ▼ 98.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €926 | €22k | €10k | €-2k | €99k | ▲ 4,172% |
| + Depreciation and write-downs630 | €4k | €7k | €12k | €9k | €9k | ▼ 5.3% |
| Operating cash flow (approximation) | €5k | €29k | €21k | €7k | €107k | ▲ 1,496% |
| Investment in fixed assets (approximation) | - | €-14k | €-13k | €-2k | €-23k | ▼ 1,306% |
| Change in cash | - | €-8k | €34k | €-35k | €134k | ▲ 478% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €99k
Net result €99k after one loss-making year.
31-12
Financial
Equity above €150kEq €156k ▲171%
Equity rises from €58k to €156k.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
17-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 201 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
12 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, Grimbergen · 1 establishment unit since 1993
Ground area
195 m²
Building footprint
131 m²
Volume, LiDAR
928 m³
Parcel 23084A0545/00M012, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARTEL ELECTRO
since 19932.062.138.341
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0545/00M012 | Flanders | 195 m² | 1 · 131 m² | 11.9 m · 2 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.
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
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Artis schilder- en afwerkingsbedrijf
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Of 7,863 companies in sector 43341 we hold annual accounts for 2,663. 2,155 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
Founded25-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43341Painting of buildings
81220Other building cleaning and industrial cleaning
Contact
E-mail
info@artelelectro.com
E-mail
artelelectro@outlook.comGrimbergen
Scores and ratios are computed by Checked and are not a credit decision.