ARTELIT
ActiveSummary
For ARTELIT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €170,188 and a net result of €5,113. Equity is shrinking by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 6612 sector peers (fiscal year 2023). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability72▲+42
Solvency99▲+12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
73.7%
Return on assets
2.2%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
20 d late
2021
25 d early
2020
6 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 24 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5,113
2022 · -€27,849
Working capital
€150,883▲ 19.3%
2022 · €126,524
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€11,675€22,397€22,141▼ 1.1%-€28,841€6,613
Net result-€11,967€21,780within the sector's middle half€9,814within the sector's middle half▼ 54.9%-€27,849below the sector's middle half€5,113within the sector's middle half
Equity€371,330▼ 3.1%€373,110within the sector's middle half▲ 0.5%€192,924within the sector's middle half▼ 48.3%€165,076within the sector's middle half▼ 14.4%€170,188within the sector's middle half▲ 3.1%
Total assets€540,429▼ 6.5%€507,395within the sector's middle half▼ 6.1%€379,110within the sector's middle half▼ 25.3%€264,501below the sector's middle half▼ 30.2%€230,889below the sector's middle half▼ 12.7%
Debt€169,099▼ 13.1%€134,285▼ 20.6%€186,186▲ 38.6%€99,426▼ 46.6%€60,701▼ 38.9%
Working capital€307,536▼ 8.4%€315,659within the sector's middle half▲ 2.6%€142,753within the sector's middle half▼ 54.8%€126,524within the sector's middle half▼ 11.4%€150,883within the sector's middle half▲ 19.3%
Solvency68.7%▲ 2.4pp73.5%above the sector's middle half▲ 4.8pp50.9%within the sector's middle half▼ 22.6pp62.4%above the sector's middle half▲ 11.5pp73.7%above the sector's middle half▲ 11.3pp
Current ratio3.88▼ 0.074.37above the sector's middle half▲ 0.491.94within the sector's middle half▼ 2.432.59above the sector's middle half▲ 0.653.49above the sector's middle half▲ 0.89
Return on assets (ROA)-2.2%▼ 14.1pp4.3%within the sector's middle half▲ 6.5pp2.6%within the sector's middle half▼ 1.7pp-10.5%below the sector's middle half▼ 13.1pp2.2%within the sector's middle half▲ 12.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €6,613 after a loss of €28,841 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €230,889
Fixed assets
€19,305 ▼ 67.0%
Current assets
€211,584 ▲ 2.7%
Equity and liabilities €230,889
Equity
€170,188 ▲ 3.1%
Debt
€60,701 ▼ 38.9%
Debt's share of the balance-sheet total falls from 37.6% to 26.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,779▲
2022 · €9,722
Cash flow
€44,279▲
2022 · €10,713
Quick ratio
1.71▲
2022 · 1.23
Debt to equity
0.36▼
2022 · 0.60
ROE
3.0%▲
2022 · -16.9%
Interest coverage
19.39▲
2022 · 2.92
Debt ≤ 1 year
€60,701▼
2022 · €79,506
Income taxes
€3,097▲
2022 · €1,113
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,242 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,729 | €29,636 | €37,303 | €38,562 | €39,166 | ▲ 1.6% |
| Other operating charges640/8 | - | - | €5,863 | €1,888 | €1,376 | ▼ 27.1% |
| Gross operating margin9900 | -€4,378 | €56,382 | €65,307 | €12,852 | €47,156 | ▲ 267% |
| Operating profit (loss)9901 | -€11,675 | €22,397 | €22,141 | -€28,841 | €6,613 | ▲ 123% |
| Financial income75/76B | - | - | €6,014 | €5,439 | €3,957 | ▼ 27.3% |
| Recurring financial income75 | €2,894 | €2,685 | €6,014 | €5,439 | €3,957 | ▼ 27.3% |
| Financial charges65/66B | - | - | €6,295 | €3,334 | €2,361 | ▼ 29.2% |
| Recurring financial charges65 | €2,867 | €3,293 | €6,295 | €3,334 | €2,361 | ▼ 29.2% |
| Profit (loss) for the period before taxes9903 | -€11,648 | €21,789 | €21,860 | -€26,736 | €8,210 | ▲ 131% |
| Income taxes67/77 | €319 | €9 | €12,046 | €1,113 | €3,097 | ▲ 178% |
| Profit (loss) for the period9904 | -€11,967 | €21,780 | €9,814 | -€27,849 | €5,113 | ▲ 118% |
| Profit (loss) for the period to be appropriated9905 | -€11,967 | €21,780 | €9,814 | -€27,849 | €5,113 | ▲ 118% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €540,429 | €507,395 | €379,110 | €264,501 | €230,889 | ▼ 12.7% |
| Fixed assets21/28 | €126,051 | €98,110 | €83,966 | €58,471 | €19,305 | ▼ 67.0% |
| Tangible fixed assets22/27 | €123,214 | €95,273 | €83,966 | €58,471 | €19,305 | ▼ 67.0% |
| Plant, machinery and equipment23 | - | - | €53,450 | €27,490 | - | - |
| Furniture and vehicles24 | - | - | €30,516 | €30,982 | €19,305 | ▼ 37.7% |
| Financial fixed assets28 | €2,837 | €2,837 | - | - | - | - |
| Current assets29/58 | €414,378 | €409,285 | €295,144 | €206,030 | €211,584 | ▲ 2.7% |
| Stocks and contracts in progress3 | €84,536 | €100,963 | €104,120 | €107,908 | €107,908 | = |
| Stocks30/36 | - | - | €104,120 | €107,908 | €107,908 | = |
| Amounts receivable within one year40/41 | €123,735 | €98,261 | €77,663 | €21,374 | €64,818 | ▲ 203% |
| Trade receivables40 | - | - | €19,628 | €16,339 | €3,461 | ▼ 78.8% |
| Other amounts receivable41 | - | - | €58,035 | €5,035 | €61,357 | ▲ 1,119% |
| Cash at bank and in hand54/58 | €206,107 | €210,061 | €112,570 | €76,153 | €38,322 | ▼ 49.7% |
| Deferred charges and accrued income490/1 | - | - | €791 | €595 | €535 | ▼ 10.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €540,429 | €507,395 | €379,110 | €264,501 | €230,889 | ▼ 12.7% |
| Equity10/15 | €371,330 | €373,110 | €192,924 | €165,076 | €170,188 | ▲ 3.1% |
| Contributions10/11 | €12,395 | - | €12,395 | €12,395 | €12,395 | = |
| Outside capital11 | - | - | €12,395 | €12,395 | €12,395 | = |
| Other1109/19 | - | - | €12,395 | €12,395 | €12,395 | = |
| Reserves13 | €46,954 | €46,954 | €46,954 | €46,955 | €46,955 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | €45,095 | €45,095 | €45,095 | = |
| Profit (loss) carried forward14 | €311,981 | €313,761 | €133,575 | €105,726 | €110,839 | ▲ 4.8% |
| Amounts payable17/49 | €169,099 | €134,285 | €186,186 | €99,426 | €60,701 | ▼ 38.9% |
| Amounts payable after more than one year17 | €62,257 | €40,659 | €33,772 | €19,895 | - | - |
| Financial debts170/4 | - | - | €33,772 | €19,895 | - | - |
| Amounts payable within one year42/48 | €106,842 | €93,626 | €152,391 | €79,506 | €60,701 | ▼ 23.7% |
| Current portion of amounts payable after more than one year42 | - | - | €27,890 | €28,026 | €993 | ▼ 96.5% |
| Trade debts44 | €16,316 | €21,272 | €3,240 | €5,599 | €5,449 | ▼ 2.7% |
| Suppliers440/4 | - | - | €3,240 | €5,599 | €5,449 | ▼ 2.7% |
| Taxes, remuneration and social security45 | - | - | €28,965 | €27,307 | €23,864 | ▼ 12.6% |
| Taxes450/3 | - | - | €28,965 | €27,307 | €23,864 | ▼ 12.6% |
| Other amounts payable47/48 | - | - | €92,296 | €18,574 | €30,394 | ▲ 63.6% |
| Accrued charges and deferred income492/3 | - | - | €23 | €25 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,967 | €21,780 | €9,814 | -€27,849 | €5,113 | ▲ 118% |
| + Depreciation and write-downs630 | €6,729 | €29,636 | €37,303 | €38,562 | €39,166 | ▲ 1.6% |
| Operating cash flow (approximation) | -€5,238 | €51,416 | €47,117 | €10,713 | €44,279 | ▲ 313% |
| Investment in fixed assets (approximation) | - | -€1,695 | -€23,159 | -€13,068 | €0 | ▲ 100% |
| Change in cash | - | €3,954 | -€97,491 | -€36,417 | -€37,830 | ▼ 3.9% |
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
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Back to profitnet €5,113
Net result €5,113 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 20 days late
2022
31-12
Financial
Weakest financial yearnet -€27,849
Net result drops to -€27,849, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 6 days late
2020
31-12
Financial
Back to profitnet €21,780
Net result €21,780 after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 2 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
15-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sprimont · 1 establishment unit since 1989
Ground area
1.2 ha
Building footprint
6,775 m²
Volume, LiDAR
45,476 m³
Parcel 62045A0358/00F000, Wallonia · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
ARTELIT
since 19892.036.121.753
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62045A0358/00F000 | Wallonia | 1.2 ha | 1 · 6,775 m² | 11.1 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.
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Of 1,271 companies in sector 47512 we hold annual accounts for 581. 485 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 (pre-2019)
Founded30-06-1986
Fiscal year end31-12
Activities, NACEBEL 2025
47512Retail sale of household textiles and bedding
31004Manufacture of dining room, living room, bedroom and bathroom furniture
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429149576
Registered
11-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.