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ARTEMIA

Active
Public limited companyfounded 201412 years activeBrugmannlaan 52-54, 1190 Vorst, BelgiumKBO/BCE: BE 0546.769.303
Summary

The computed 12-month bankruptcy probability of ARTEMIA is 6.0% (elevated). The 2024 annual accounts show negative equity (-€1.3m) and a net result of -€310,384. Equity is shrinking by ~28.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 6,129 sector peers (NACE 46, fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Agents in non-specialised wholesale trade
NACE 46190Full-service restaurants NACE 56111
#8 employer in Vorst, Wholesale and retail trade sector1 site
Size
€1.4mtotal assets 2024
Staff
29.4 FTE
Equity
-€1.3m
Loss
-€310,384
Financial health
33 Weak Checked score 2024
Bankruptcy probability, 12 months
6.0%
Structure
Accounts 68 days overdue0 of 5 deeds read
Why 33- 1 financial year not filed after the legal deadline; latest accounts 277 days late; 3 of the last 3 late- Loss of €310,384, the second in a row (FY 2024)- Size: 29.4 FTE, total assets €1.4m+ Founded in 2014Show the evidence

Checked score

Score 2024
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 6% of its sector peers (NACE 46, small)
Financial strength · tick = 2023
Weak
Solvency 0=
equity -92.9% of total assets
Liquidity 17+3
short-term debt 123.7% · cash 13.3%
Profitability 0-1
return on assets -21.5%
Bankruptcy probability, 12 months
6.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,377 companies)
Last 24 months 11-2024: 6.2% 12-2024: 7.2%▲ +1.0 percentage point vs 11-2024 01-2025: 9.1%▲ +1.9 percentage points vs 12-2024highest value 02-2025: 7.4%▼ -1.7 percentage points vs 01-2025 03-2025: 7.1%▼ -0.3 percentage points vs 02-2025 04-2025: 7.1%● unchanged vs 03-2025 05-2025: 7.1%● unchanged vs 04-2025 06-2025: 6.8%▼ -0.3 percentage points vs 05-2025 07-2025: 7.0%▲ +0.2 percentage points vs 06-2025 08-2025: 6.8%▼ -0.2 percentage points vs 07-2025 09-2025: 6.2%▼ -0.6 percentage points vs 08-2025 10-2025: 6.3%▲ +0.1 percentage points vs 09-2025 11-2025: 5.9%▼ -0.4 percentage points vs 10-2025lowest value 12-2025: 6.6%▲ +0.7 percentage points vs 11-2025 01-2026: 8.1%▲ +1.5 percentage points vs 12-2025 02-2026: 8.1%● unchanged vs 01-2026 03-2026: 8.1%● unchanged vs 02-2026 04-2026: 7.4%▼ -0.7 percentage points vs 03-2026 05-2026: 7.4%● unchanged vs 04-2026 06-2026: 6.8%▼ -0.6 percentage points vs 05-2026 07-2026: 7.0%▲ +0.2 percentage points vs 06-2026 08-2026: 6.8%▼ -0.2 percentage points vs 07-2026 09-2026: 6.2%▼ -0.6 percentage points vs 08-2026 10-2026: 6.0%▼ -0.2 percentage points vs 09-2026
No credit on open account
Liquidity short (current ratio 0.15 against 0.16 in 2023; short-term debt: 123.7% and cash: 13.3% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 1% on solvency, 14% on liquidity, 1% on profitability and 8% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 277 days late; 3 of the last 3 late
NBB · filings
raises risk · Loss of €310,384, the second in a row (FY 2024)
NBB · annual accounts
raises risk · Size: 29.4 FTE, total assets €1.4m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2014
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€1.3m
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-05-2026, 277 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
277 days late
2023
162 days late
2022
177 days late
2021
271 days late
2020
61 days late
2019
122 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 178 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · full…
  3. Annual accounts filedfiscal year 2022 · full…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€1.3m View
  • Risk: 7 loss-making years in a rowloss fiscal year 2024 -€310,384 View
  • Caution: Among the weakest 5% on solvencysector median 42.0% · 6,129 companies -92.9% View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Caution: Result fell in 2024from -€223,549 to -€310,384 ▼ 38.8% View

By topic

Financials

Fiscal year
2024
Total assets
€1.4m
Loss
-€310,384
Solvency
-92.9%
Total assets▼ 6.2%
Net result
20182024
Go to Financials

Timeline

Events
10
Since
2017
  1. 28-04-2023Annual accounts filed
  2. 30-09-2021Annual accounts filed
  3. 30-11-2020Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Agents in non-specialised wholesale tradeNACE 46190
Founded
21-02-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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