Artelli
ActiveSummary
The computed 12-month bankruptcy probability of Artelli is 1.5% (moderate). The 2025 annual accounts show equity of €45,769 and a net result of €24,807. Equity is growing by ~136.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 10519 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+6
Solvency34▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.21 in 2024; short-term debt: 29% and cash: 4.3% of total assets), and 90.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 →
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
9.1%
Return on assets
5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 10519 sector peers (2025).
NBB · sector comparisonPosition among 10519 sector peers
Solvency
better than 19%
← weakest
strongest →
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 30-04-2026, 92 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
92 d early
2024
3 d early
2023
30 d early
2022
28 d early
2021
35 d early
← 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 38 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 2 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€45,769▲ 118%
2024 · €20,962
Total assets
€500,664▲ 1.0%
2024 · €495,852
Net result
€24,807▲ 92.3%
2024 · €12,903
Working capital
-€119,494▼ 51.1%
2024 · -€79,108
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
Line20212022202320242025
Operating result-€3,467--€2,227▲ 35.8%€9,643€29,582▲ 207%€46,218▲ 56.2%
Net result-€3,524below the sector's middle half--€2,261below the sector's middle half▲ 35.9%€8,844within the sector's middle half€12,903within the sector's middle half▲ 45.9%€24,807within the sector's middle half▲ 92.3%
Equity€1,476below the sector's middle half--€785below the sector's middle half€8,058below the sector's middle half€20,962below the sector's middle half▲ 160%€45,769below the sector's middle half▲ 118%
Total assets€1,476below the sector's middle half-€2,371below the sector's middle half▲ 60.7%€15,948below the sector's middle half▲ 573%€495,852below the sector's middle half▲ 3,009%€500,664within the sector's middle half▲ 1.0%
Debt€3,156€7,889▲ 150%€474,890▲ 5,919%€454,895▼ 4.2%
Working capital-€785below the sector's middle half€8,058below the sector's middle half-€79,108below the sector's middle half-€119,494below the sector's middle half▼ 51.1%
Solvency50.5%within the sector's middle half4.2%below the sector's middle half▼ 46.3pp9.1%below the sector's middle half▲ 4.9pp
Current ratio2.02within the sector's middle half0.21below the sector's middle half▼ 1.810.18below the sector's middle half▼ 0.03
Return on assets (ROA)55.5%above the sector's middle half2.6%within the sector's middle half▼ 52.9pp5.0%within the sector's middle half▲ 2.4pp
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 56% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €500,664
Fixed assets
€475,000 =
Current assets
€25,664 ▲ 23.1%
Equity and liabilities €500,664
Equity
€45,769 ▲ 118%
Debt
€454,895 ▼ 4.2%
Debt's share of the balance-sheet total falls from 95.8% to 90.9%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
9.94▼
2024 · 22.66
ROE
54.2%▼
2024 · 61.6%
Debt ≤ 1 year
€145,159▲
2024 · €99,960
Debt > 1 year
€306,956▼
2024 · €372,954
Income taxes
€8,269▲
2024 · €4,301
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €745 | €472 | €446 | €449 | €587 | ▲ 30.6% |
| Gross operating margin9900 | -€2,722 | -€1,755 | €10,090 | €30,031 | €46,805 | ▲ 55.9% |
| Operating profit (loss)9901 | -€3,467 | -€2,227 | €9,643 | €29,582 | €46,218 | ▲ 56.2% |
| Financial charges65/66B | €57 | €34 | €35 | €12,378 | €13,142 | ▲ 6.2% |
| Recurring financial charges65 | €57 | €34 | €35 | €12,378 | €13,142 | ▲ 6.2% |
| Profit (loss) for the period before taxes9903 | -€3,524 | -€2,261 | €9,608 | €17,205 | €33,076 | ▲ 92.3% |
| Income taxes67/77 | - | - | €765 | €4,301 | €8,269 | ▲ 92.3% |
| Profit (loss) for the period9904 | -€3,524 | -€2,261 | €8,844 | €12,903 | €24,807 | ▲ 92.3% |
| Profit (loss) for the period to be appropriated9905 | -€3,524 | -€2,261 | €8,844 | €12,903 | €24,807 | ▲ 92.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,476 | €2,371 | €15,948 | €495,852 | €500,664 | ▲ 1.0% |
| Fixed assets21/28 | - | - | - | €475,000 | €475,000 | = |
| Financial fixed assets28 | - | - | - | €475,000 | €475,000 | = |
| Current assets29/58 | €1,476 | €2,371 | €15,948 | €20,852 | €25,664 | ▲ 23.1% |
| Amounts receivable within one year40/41 | €509 | €989 | €4,672 | €9,282 | €4,200 | ▼ 54.8% |
| Trade receivables40 | - | - | €4,672 | €9,282 | €4,200 | ▼ 54.8% |
| Other amounts receivable41 | €509 | €989 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €966 | €949 | €10,811 | €11,278 | €21,464 | ▲ 90.3% |
| Deferred charges and accrued income490/1 | - | €433 | €465 | €292 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,476 | €2,371 | €15,948 | €495,852 | €500,664 | ▲ 1.0% |
| Equity10/15 | €1,476 | -€785 | €8,058 | €20,962 | €45,769 | ▲ 118% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | - | - | €40,769 | - |
| Distributable reserves133 | - | - | - | - | €40,769 | - |
| Profit (loss) carried forward14 | -€3,524 | -€5,785 | €3,058 | €15,962 | €0 | ▼ 100% |
| Amounts payable17/49 | - | €3,156 | €7,889 | €474,890 | €454,895 | ▼ 4.2% |
| Amounts payable after more than one year17 | - | - | - | €372,954 | €306,956 | ▼ 17.7% |
| Financial debts170/4 | - | - | - | €372,954 | €306,956 | ▼ 17.7% |
| Amounts payable within one year42/48 | - | €3,156 | €7,889 | €99,960 | €145,159 | ▲ 45.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €64,791 | €65,997 | ▲ 1.9% |
| Trade debts44 | - | €156 | €156 | €0 | €30 | - |
| Suppliers440/4 | - | €156 | €156 | €0 | €30 | - |
| Taxes, remuneration and social security45 | - | - | €1,733 | €3,666 | €4,542 | ▲ 23.9% |
| Taxes450/3 | - | - | €1,733 | €3,666 | €4,542 | ▲ 23.9% |
| Other amounts payable47/48 | - | €3,000 | €6,000 | €31,504 | €74,589 | ▲ 137% |
| Accrued charges and deferred income492/3 | - | - | - | €1,976 | €2,780 | ▲ 40.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,524 | -€2,261 | €8,844 | €12,903 | €24,807 | ▲ 92.3% |
| Operating cash flow (approximation) | -€3,524 | -€2,261 | €8,844 | €12,903 | €24,807 | ▲ 92.3% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | -€17 | €9,861 | €467 | €10,186 | ▲ 2,079% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €24,807 ▲92.3%
Operating result €46,218, net result €24,807, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €8,844
Net result €8,844 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.02
Current ratio from 0.75 to 2.02.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Genk · 1 establishment unit since 2020
Ground area
6,761 m²
Building footprint
2,374 m²
Volume, LiDAR
229 m³
Parcel 71308A0818/00A287, Flanders · tallest building 8.0 m. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Artelli
since 20202.300.005.107
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71308A0818/00A287 | Flanders | 6,761 m² | 1 · 2,374 m² | 8.0 m |
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
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of Artelli and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 764 companies in sector 47552 we hold annual accounts for 444. 322 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
Founded18-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47552Retail sale of lighting equipment
46474Wholesale trade
Contact
Website
www.artelli-design.com
E-mail
info@artelli-design.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743778182
Also
9925:BE0743778182
Registered
06-09-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.