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ARTEMIDE BELGIUM

Active
Public limited company·Handelsbemiddeling in de niet-gespecialiseerde groothandel· 2 yrs active
Waterloose Steenweg 410 ·1050 Elsene, Belgium
KBO/BCE: BE 1003.948.812
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Age2 yrs
Board2
Staff (FTE)2.2
Real estate2 parcels · 239 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ARTEMIDE BELGIUM is 5.7% (elevated). The 2024 annual accounts show negative equity (€-79k) and a net result of €-379k. Its solvency ranks better than 10% of 548 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
5.7% Elevated
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate region +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2024 31-07-2025 23-06-2025 38 d early 2025-00163193

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-379k
Working capital€-30k

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 23-06-2025 with the NBB · fiscal year 2024 · volledig
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -17.3% 31.0%
better than 10% of 548 sector peers
Net result €-379k €47k
better than 9% of 548 sector peers
Equity €-79k €469k
better than 9% of 549 sector peers
Gross operating margin €-137k €125k
better than 5% of 339 sector peers
Staff costs €187k €494k
higher than 35% of 404 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositvolledig
Revenue-
EBITDA€-326k
Net profit€-379k
Cash flow€-345k
Staff costs€187k
Income taxes€165
Dividends-
Total assets€453k
Equity€-79k
Debt€532k
of which ≤ 1y€232k
of which > 1y€300k
Working capital€-30k
Employees (FTE)2.2
Ratios (computed)
2024
Current ratio0.87
Quick ratio0.66
Working capital ratio-6.7%
Solvency-17.3%
Debt / equity-6.77
Long-term debt ratio-3.82
Interest coverage-17.28
Gross margin-
Net margin-
ROA-83.5%
ROE481.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€453k
Fixed assets 21/28€252k
Intangible fixed assets 21€232k
Tangible fixed assets 22/27€20k
Financial fixed assets 28€469
Current assets 29/58€201k
Stocks & contracts in progress 3€48k
Amounts receivable within one year 40/41€84k
Cash & bank 54/58€68k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€453k
Equity 10/15€-79k
Contributions / capital 10/11€300k
Accumulated profits (losses) 14€-379k
Amounts payable 17/49€532k
Amounts payable after one year 17€300k
Amounts payable within one year 42/48€232k
Trade debts payable within one year 44€188k
Income statement
Gross operating margin 9900€-137k
Operating result 9901€-360k
Financial income 75€0
Financial charges 65€19k
Result before taxes 9903€-378k
Income taxes 67/77€165
Net result for the period 9904€-379k
Result to be appropriated 9905€-379k
Ratios computed by Checked.

Health barometer

FY 2024 · computed
15 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

2 directors
Current directors & mandates
  • Erich Kroenberg
    Managing director
    State Gazette act 26043661 (30-03-2026)
    Current
    12-03-2026 → present
    2 events
    • 12-03-2026 Appointed· Managing director
    • 12-03-2026 Appointed· Director
  • Carlo Maconi
    Director
    State Gazette act 24122515 (20-08-2024)
    Current
    30-07-2024 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Handelsbemiddeling in de niet-gespecialiseerde groothandel(46190)
Legal form Public limited company(014)
Incorporation27-12-2023
StatusActive
Postal code1050

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Waterloose Steenweg 4101050 Elsene

Establishment units

2 locations
Waterloose Steenweg 410, 1050 Elsene
Handelsbemiddeling in de niet-gespecialiseerde groothandel
since 20232.354.236.421
Artemide Belgium
Afrikastraat 2, 1060 Sint-Gillis (bij-Brussel)Handelsbemiddeling in de niet-gespecialiseerde groothandel
since 20242.359.220.637
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area239 m²
Buildings2
Building footprint206 m²
Volume (LiDAR)3,111 m³
Tallest building20.8 m · ±6 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21447B0305/00W029indicative Brussels 161 m² 1 · 107 m² 20.8 m · 6 fl.
21013B0367/00Y006 Brussels 78 m² 1 · 99 m² 17.6 m · 5 fl.
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

1 verified act

What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.

2026
30-03-2026 Resignations & appointments
9 facts
  • General meeting , 12/03/2026
  • Board meeting , 12/03/2026
  • Director resignation, C.B. Consulting SRL (administrateur)
  • Director appointment, Erich Kroenberg (administrateur)
  • Mandate compensation, Erich Kroenberg
  • Power of attorney, Stibbe SRL
+3 further facts

Analysis

Snowflake analysis

financial profile on 5 axes
Health15Profitability100Solvency42Growth-Stability67
56 / 100

Mixed profile: strong on profitability, weaker on health.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 15
Profitability 100
Solvency 42
Growth -
Stability 67

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 627 of the 6,186 companies in this sector. 41 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Handelsbemiddeling in goederen, algemeen assortiment46190Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Groothandel in verlichtingsapparatuur46474Detailhandel in verlichtingsartikelen47552Detailhandel in verlichtingsartikelen in gespecialiseerde winkels47592
Primary activity highlighted.
Names & trade names
Legal nameFR ARTEMIDE BELGIUM
Registered office
Waterloose Steenweg 410
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.