ARTELETRA
ActiveSummary
ARTELETRA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.95M and a net result of €291k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 84% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+42
Solvency100▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 0.91 in 2024; short-term debt: 3.7% and cash: 6.9% of total assets), and 22.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
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
77.9%
Return on assets
7.7%
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 02-03-2026, 151 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
151 d early
2024
59 d early
2023
61 d early
2022
21 d late
2021
17 d early
2020
1 d early
2019
27 d late
← 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
€2.95M▲ 11.0%
2024 · €2.65M
2018: €2.42M
2019: €2.36M▼ -2.5% vs 2018
2020: €2.31M▼ -2.0% vs 2019
2021: €2.28M▼ -1.5% vs 2020lowest in 8 years
2022: €2.69M▲ +18.0% vs 2021
2023: €2.67M▼ -0.6% vs 2022
2024: €2.65M▼ -0.6% vs 2023
2025: €2.95M▲ +11.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€3.78M▼ 8.7%
2024 · €4.14M
2018: €3.53M
2019: €3.59M▲ +1.7% vs 2018
2020: €3.42M▼ -4.6% vs 2019lowest in 8 years
2021: €4.79M▲ +40.2% vs 2020highest in 8 years
2022: €4.43M▼ -7.6% vs 2021
2023: €4.26M▼ -3.8% vs 2022
2024: €4.14M▼ -2.8% vs 2023
2025: €3.78M▼ -8.7% vs 2024
2018 → 2025
Net result
€291k
2024 · €-17k
2018: €1.82Mhighest in 8 years
2019: €-60k▼ -103% vs 2018lowest in 8 years
2020: €-48k▲ +20.3% vs 2019
2021: €-35k▲ +27.7% vs 2020
2022: €410k▲ +1279% vs 2021
2023: €-15k▼ -104% vs 2022
2024: €-17k▼ -13.3% vs 2023
2025: €291k▲ +1779% vs 2024
2018 → 2025
Working capital
€146k
2024 · €-31k
2018: €2.53Mhighest in 8 years
2019: €2.10M▼ -16.9% vs 2018
2020: €1.35M▼ -35.8% vs 2019
2021: €485k▼ -64.1% vs 2020
2022: €-171k▼ -135% vs 2021lowest in 8 years
2023: €-123k▲ +28.0% vs 2022
2024: €-31k▲ +74.7% vs 2023
2025: €146k▲ +570% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.28M-€2.69M▲ 18.0%€2.67M▼ 0.6%€2.65M▼ 0.6%€2.95M▲ 11.0%
2021: €2.28Mlowest in 5 years
2022: €2.69M▲ +18.0% vs 2021
2023: €2.67M▼ -0.6% vs 2022
2024: €2.65M▼ -0.6% vs 2023
2025: €2.95M▲ +11.0% vs 2024highest in 5 years
Operating result€-24k-€562k€14k▼ 97.5%€41k▲ 192%€441k▲ 980%
2021: €-24klowest in 5 years
2022: €562k▲ +2396% vs 2021highest in 5 years
2023: €14k▼ -97.5% vs 2022
2024: €41k▲ +192% vs 2023
2025: €441k▲ +980% vs 2024
Net result€-35k-€410k€-15k€-17k▼ 13.3%€291k
2021: €-35klowest in 5 years
2022: €410k▲ +1279% vs 2021highest in 5 years
2023: €-15k▼ -104% vs 2022
2024: €-17k▼ -13.3% vs 2023
2025: €291k▲ +1779% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 980% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.78M
Fixed assets
€3.49M ▼ 8.4%
Current assets
€287k ▼ 12.6%
Equity and liabilities €3.78M
Equity
€2.95M ▲ 11.0%
Provisions
€689k ▼ 3.6%
Debt
€145k ▼ 81.3%
Debt's share of the balance-sheet total falls from 18.6% to 3.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€547k▲
2024 · €143k
Cash flow
€397k▲
2024 · €85k
Current ratio
2.04▲
2024 · 0.91
Quick ratio
1.86▲
2024 · 0.30
Debt to equity
0.05▼
2024 · 0.29
ROE
9.9%▲
2024 · -0.7%
ROA
7.7%▲
2024 · -0.4%
Interest coverage
44.48▲
2024 · 2.12
Debt ≤ 1 year
€141k▼
2024 · €360k
Debt > 1 year
€0▼
2024 · €376k
Income taxes
€164k▲
2024 · €15k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.14M€3.78M▼
Fixed assets21/28€3.81M€3.49M▼
Tangible fixed assets22/27€3.81M€3.49M▼
Land and buildings22€3.81M€3.49M▼
Current assets29/58€329k€287k▼
Stocks and contracts in progress3€220k€26k▼
Stocks30/36€220k€26k▼
Amounts receivable within one year40/41€7k€1k▼
Trade receivables40€2k€0▼
Other amounts receivable41€5k€1k▼
Cash at bank and in hand54/58€101k€260k▲
Equity and liabilities
Total equity and liabilities10/49€4.14M€3.78M▼
Equity10/15€2.65M€2.95M▲
Contributions10/11€63k€63k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Outside capital11€1k€1k=
Share premium1100/10€1k€1k=
Reserves13€2.55M€2.84M▲
Non-distributable reserves130/1€101k€101k=
Legal reserve130€45k€45k=
Reserves not available under the articles1311€56k€56k=
Tax-exempt reserves132€1.85M€1.79M▼
Distributable reserves133€600k€950k▲
Profit (loss) carried forward14€41k€43k▲
Provisions and deferred taxes16€715k€689k▼
Deferred taxes168€715k€689k▼
Amounts payable17/49€772k€145k▼
Amounts payable after more than one year17€376k€0▼
Other amounts payable178/9€376k€0▼
Amounts payable within one year42/48€360k€141k▼
Current portion of amounts payable after more than one year42€225k€0▼
Trade debts44€10k€2k▼
Suppliers440/4€10k€2k▼
Taxes, remuneration and social security45€15k€80k▲
Taxes450/3€15k€80k▲
Other amounts payable47/48€109k€59k▼
Accrued charges and deferred income492/3€36k€4k▼
Income statement
Code20242025
Non-recurring operating income76A-€520k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€102k€106k▲
Other operating charges640/8€11k€2k▼
Gross operating margin9900€154k€549k▲
Operating profit (loss)9901€41k€441k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€67k€12k▼
Recurring financial charges65€67k€12k▼
Profit (loss) for the period before taxes9903€-26k€429k▲
Transfer from deferred taxes780€25k€26k▲
Income taxes67/77€15k€164k▲
Profit (loss) for the period9904€-17k€291k▲
Transfer from tax-exempt reserves789€59k€61k▲
Profit (loss) for the period to be appropriated9905€41k€352k▲
Appropriation of the result
Profit (loss) to be appropriated9906€91k€393k▲
Profit (loss) brought forward from the previous period14P€50k€41k▼
Transfer to equity691/2€50k€350k▲
To other reserves6921€50k€350k▲
The notes to these accounts (12 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €520k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €26k | €106k | €102k | €106k | ▲ 3.8% |
| Other operating charges640/8 | €4k | €4k | €4k | €11k | €2k | ▼ 82.3% |
| Gross operating margin9900 | €-21k | €592k | €124k | €154k | €549k | ▲ 258% |
| Operating profit (loss)9901 | €-24k | €562k | €14k | €41k | €441k | ▲ 980% |
| Financial income75/76B | €39k | €17k | €15k | €0 | - | - |
| Recurring financial income75 | €39k | €17k | €15k | €0 | - | - |
| Financial charges65/66B | €50k | €51k | €54k | €67k | €12k | ▼ 81.7% |
| Recurring financial charges65 | €50k | €51k | €54k | €67k | €12k | ▼ 81.7% |
| Profit (loss) for the period before taxes9903 | €-35k | €528k | €-24k | €-26k | €429k | ▲ 1,721% |
| Transfer from deferred taxes780 | - | €6k | €26k | €25k | €26k | ▲ 4.5% |
| Income taxes67/77 | - | €124k | €17k | €15k | €164k | ▲ 961% |
| Profit (loss) for the period9904 | €-35k | €410k | €-15k | €-17k | €291k | ▲ 1,779% |
| Transfer from tax-exempt reserves789 | - | €15k | €61k | €59k | €61k | ▲ 4.5% |
| Profit (loss) for the period to be appropriated9905 | €-35k | €426k | €46k | €41k | €352k | ▲ 752% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.79M | €4.43M | €4.26M | €4.14M | €3.78M | ▼ 8.7% |
| Fixed assets21/28 | €2.89M | €3.94M | €3.91M | €3.81M | €3.49M | ▼ 8.4% |
| Tangible fixed assets22/27 | €2.89M | €3.94M | €3.91M | €3.81M | €3.49M | ▼ 8.4% |
| Land and buildings22 | €873k | €3.94M | €3.91M | €3.81M | €3.49M | ▼ 8.4% |
| Assets under construction and advance payments27 | €2.02M | €0 | - | - | - | - |
| Current assets29/58 | €1.90M | €485k | €346k | €329k | €287k | ▼ 12.6% |
| Stocks and contracts in progress3 | €1.07M | €406k | €220k | €220k | €26k | ▼ 88.2% |
| Stocks30/36 | €1.07M | €406k | €220k | €220k | €26k | ▼ 88.2% |
| Amounts receivable within one year40/41 | €323k | €5k | €10k | €7k | €1k | ▼ 86.0% |
| Trade receivables40 | €7k | €4k | €5k | €2k | €0 | ▼ 100% |
| Other amounts receivable41 | €316k | €1k | €4k | €5k | €1k | ▼ 80.7% |
| Cash at bank and in hand54/58 | €516k | €74k | €117k | €101k | €260k | ▲ 157% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.79M | €4.43M | €4.26M | €4.14M | €3.78M | ▼ 8.7% |
| Equity10/15 | €2.28M | €2.69M | €2.67M | €2.65M | €2.95M | ▲ 11.0% |
| Contributions10/11 | €63k | €63k | €63k | €63k | €63k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Outside capital11 | €1k | €1k | €1k | €1k | €1k | = |
| Share premium1100/10 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves13 | €2.19M | €2.58M | €2.56M | €2.55M | €2.84M | ▲ 11.3% |
| Non-distributable reserves130/1 | €101k | €101k | €101k | €101k | €101k | = |
| Legal reserve130 | €45k | €45k | €45k | €45k | €45k | = |
| Reserves not available under the articles1311 | €56k | €56k | €56k | €56k | €56k | = |
| Tax-exempt reserves132 | €1.98M | €1.97M | €1.91M | €1.85M | €1.79M | ▼ 3.3% |
| Distributable reserves133 | €108k | €508k | €550k | €600k | €950k | ▲ 58.3% |
| Profit (loss) carried forward14 | €20k | €46k | €50k | €41k | €43k | ▲ 5.0% |
| Provisions and deferred taxes16 | €772k | €766k | €740k | €715k | €689k | ▼ 3.6% |
| Deferred taxes168 | €772k | €766k | €740k | €715k | €689k | ▼ 3.6% |
| Amounts payable17/49 | €1.75M | €977k | €850k | €772k | €145k | ▼ 81.3% |
| Amounts payable after more than one year17 | €313k | €309k | €362k | €376k | €0 | ▼ 100% |
| Other amounts payable178/9 | €313k | €309k | €362k | €376k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.42M | €656k | €469k | €360k | €141k | ▼ 60.9% |
| Current portion of amounts payable after more than one year42 | €1.20M | €425k | €225k | €225k | €0 | ▼ 100% |
| Trade debts44 | €44k | €22k | €174k | €10k | €2k | ▼ 79.8% |
| Suppliers440/4 | €44k | €22k | €174k | €10k | €2k | ▼ 79.8% |
| Taxes, remuneration and social security45 | €176k | €176k | €17k | €15k | €80k | ▲ 416% |
| Taxes450/3 | €176k | €176k | €17k | €15k | €80k | ▲ 416% |
| Other amounts payable47/48 | - | €33k | €54k | €109k | €59k | ▼ 46.4% |
| Accrued charges and deferred income492/3 | €12k | €12k | €18k | €36k | €4k | ▼ 88.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-35k | €410k | €-15k | €-17k | €291k | ▲ 1,779% |
| + Depreciation and write-downs630 | - | €26k | €106k | €102k | €106k | ▲ 3.8% |
| Operating cash flow (approximation) | €-35k | €436k | €90k | €85k | €397k | ▲ 369% |
| Investment in fixed assets (approximation) | - | €-1.08M | €-76k | €0 | €215k | - |
| Change in cash | - | €-442k | €42k | €-15k | €159k | ▲ 1,132% |
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
06-07
State Gazette act
RestructuringDemerger · Real estate · Capital decrease21 facts ▸
State Gazette act
Restructuring
Demerger · Real estate · Capital decrease21 facts ▸
- General meeting, 18-06-2026
- Demerger, partielle splitsing, liquide middelen (10.000,00 EUR) en onroerende goederen (vastgoedproject De Post)
- Demerger, partielle splitsing, liquide middelen (7.166 EUR) en onroerende goederen (vastgoedproject De Post)
- Demerger, partielle splitsing, onroerende goederen (vastgoedproject De Post)
- Real estate, Appartementen 1.4, 2.1, 2.4, 3.2, 3.5, 4.1, 4.5; Autostaanplaatsen P3, P4, P11, P21, P25, P27, P28; Garagebox P18; Kelders K4, K14, K16, K18, K21, K23, K26. Kad…
- Real estate, Appartementen 1.1, 1.5, 2.5, 3.1, 3.4, 4.2, 4.4; Autostaanplaatsen P5, P6, P13, P23, P24, P26, P29; Garagebox P19; Kelders K1, K5, K15, K17, K22, K24, K25. Kada…
- Real estate, Appartementen 1.2, 2.2; Autostaanplaatsen P10, P12; Kelders K3, K20. Kadastraal: Asse, sectie L, nummer 0494AP0000.
- Capital decrease
- Capital increase, €59.364,38
- Capital, €61.500
- Power of attorney, SCA Accountant
- Exchange ratio, 12.34
- +9 further facts in this act
02-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €291k
Net result €291k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.04
Current ratio from 0.91 to 2.04; short-term debt falls from €360k to €141k.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Back to profitnet €410k
Net result €410k after 3 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 54.99
Current ratio from 14.33 to 54.99; short-term debt falls from €158k to €25k.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-60k
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
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.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 1988
Ground area
4,175 m²
Building footprint
198 m²
Volume, LiDAR
1,031 m³
Parcel 23002F0972/00E000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Asbeekstraat 1, 1730 Asse
since 19882.040.198.723
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002F0972/00E000 | Flanders | 4,175 m² | 1 · 198 m² | 6.8 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.
Structure & network
Acquisitions and mergers
3 transactionsCapital and shareholders
Capital over the years
- 06-07-2026 Capital increase of 59,364.38 EUR · to 61,500 EUR · from reserves
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Identification & contact
Identification
Legal formPublic limited company
Founded31-12-1987
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.