ARTEMIS
ActiveSummary
ARTEMIS has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46,104 and a net result of -€6,371. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 3757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability52▼-18
Solvency66▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.11 in 2023; short-term debt: 40.4% and cash: 7.3% of total assets), and 58.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
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 2025Solvency, return and age of the figures
Solvency
41.5%
Return on assets
-5.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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
55 d late
2023
290 d late
2022
61 d late
2021
60 d late
2020
114 d late
2019
181 d late
2018
109 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 124 days after the deadline; the sector median for financial year 2023 is 14 days after the deadline, and 55% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Turnover
€215,577
EBIT margin
16.7%
Net result
-€6,371
2023 · €1,473
Working capital
€19,007▲ 363%
2023 · €4,108
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Turnover€215,577
Operating result€9,479▼ 67.4%€36,006▲ 280%€8,181▼ 77.3%€12,969▲ 58.5%€3,054-
Net result-€5,215€22,486€222▼ 99.0%€1,473▲ 564%-€6,371-
EBIT margin16.7%
Equity€22,280▼ 19.0%€44,766▲ 101%€44,988▲ 0.5%€46,461▲ 3.3%€46,104-
Total assets€63,975▼ 13.8%€69,378▲ 8.4%€86,833▲ 25.2%€109,092▲ 25.6%€111,225-
Debt€41,695▼ 10.7%€24,612▼ 41.0%€41,845▲ 70.0%€62,631▲ 49.7%€65,121-
Working capital-€13,688€9,487-€3,045€4,108€19,007-
Staff (FTE)0.7▼ 66.7%0.2▼ 71.4%1▲ 400%1=1.1-
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €3,054 in 2025, compared with €12,969 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €111,225
Fixed assets
€47,240 ▼ 30.6%
Current assets
€63,985 ▲ 56.2%
Equity and liabilities €111,225
Equity
€46,104 ▼ 0.8%
Debt
€65,121 ▲ 4.0%
Debt's share of the balance-sheet total rises from 57.4% to 58.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21,627▼
2023 · €41,348
Cash flow
€12,202▼
2023 · €29,852
Current ratio
1.42▲
2023 · 1.11
Quick ratio
1.31▲
2023 · 0.93
Debt to equity
1.41▲
2023 · 1.35
ROE
-13.8%▼
2023 · 3.2%
ROA
-5.7%▼
2023 · 1.4%
Interest coverage
4.79▼
2023 · 7.45
Debt ≤ 1 year
€44,977▲
2023 · €36,867
Debt > 1 year
€20,144▼
2023 · €25,764
Income taxes
€4,940▼
2023 · €5,946
Staff costs
€10,526▼
2023 · €16,607
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,304 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €215,577 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €195,378 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €4,310 | €11,683 | €16,607 | €10,526 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,980 | €20,773 | €10,532 | €28,379 | €18,573 | - |
| Other operating charges640/8 | - | €4,749 | €5,265 | €6,021 | €7,729 | - |
| Non-recurring operating charges66A | - | - | - | €8,618 | €27,500 | - |
| Gross operating margin9900 | €31,385 | €65,839 | €35,662 | €72,594 | €67,382 | - |
| Operating profit (loss)9901 | €9,479 | €36,006 | €8,181 | €12,969 | €3,054 | - |
| Financial income75/76B | - | €0 | €2 | €3 | €29 | - |
| Recurring financial income75 | €4 | €0 | €2 | €3 | €29 | - |
| Financial charges65/66B | - | €3,458 | €3,351 | €5,553 | €4,515 | - |
| Recurring financial charges65 | €7,087 | €3,458 | €3,351 | €5,553 | €4,515 | - |
| Profit (loss) for the period before taxes9903 | €2,396 | €32,548 | €4,832 | €7,419 | -€1,432 | - |
| Income taxes67/77 | €7,610 | €10,063 | €4,610 | €5,946 | €4,940 | - |
| Profit (loss) for the period9904 | -€5,215 | €22,486 | €222 | €1,473 | -€6,371 | - |
| Profit (loss) for the period to be appropriated9905 | -€5,215 | €22,486 | €222 | €1,473 | -€6,371 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63,975 | €69,378 | €86,833 | €109,092 | €111,225 | - |
| Fixed assets21/28 | €51,516 | €44,127 | €50,201 | €68,117 | €47,240 | - |
| Tangible fixed assets22/27 | €51,516 | €44,127 | €50,201 | €68,117 | €47,240 | - |
| Land and buildings22 | - | €22,709 | €34,420 | €18,354 | €5,050 | - |
| Plant, machinery and equipment23 | - | €6,532 | €6,141 | €5,791 | €6,070 | - |
| Furniture and vehicles24 | - | €14,886 | €9,641 | €43,973 | €36,121 | - |
| Current assets29/58 | €12,458 | €25,251 | €36,631 | €40,975 | €63,985 | - |
| Stocks and contracts in progress3 | €2,101 | €2,452 | €6,693 | €6,693 | €5,230 | - |
| Stocks30/36 | - | €2,452 | €6,693 | €6,693 | €5,230 | - |
| Amounts receivable within one year40/41 | €6,793 | €4,382 | €15,742 | €24,065 | €49,880 | - |
| Trade receivables40 | - | €551 | €654 | - | - | - |
| Other amounts receivable41 | - | €3,831 | €15,088 | €24,065 | €49,880 | - |
| Cash at bank and in hand54/58 | €3,564 | €18,051 | €14,196 | €9,485 | €8,072 | - |
| Deferred charges and accrued income490/1 | - | €366 | - | €733 | €803 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63,975 | €69,378 | €86,833 | €109,092 | €111,225 | - |
| Equity10/15 | €22,280 | €44,766 | €44,988 | €46,461 | €46,104 | - |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | - |
| Capital10 | - | €18,592 | €18,592 | - | - | - |
| Issued capital100 | - | €18,592 | €18,592 | - | - | - |
| Outside capital11 | - | - | - | €18,592 | €18,592 | - |
| Share premium1100/10 | - | - | - | €18,592 | €18,592 | - |
| Reserves13 | €3,688 | €26,174 | €26,396 | €27,869 | €27,512 | - |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Legal reserve130 | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | €24,314 | €24,536 | €27,869 | €27,512 | - |
| Profit (loss) carried forward14 | -€16,618 | - | - | - | - | - |
| Amounts payable17/49 | €41,695 | €24,612 | €41,845 | €62,631 | €65,121 | - |
| Amounts payable after more than one year17 | €15,548 | €8,849 | €2,169 | €25,764 | €20,144 | - |
| Financial debts170/4 | - | €8,849 | €2,169 | €25,764 | €20,144 | - |
| Amounts payable within one year42/48 | €26,146 | €15,764 | €39,676 | €36,867 | €44,977 | - |
| Current portion of amounts payable after more than one year42 | - | €477 | €11,525 | €10,105 | €16,790 | - |
| Trade debts44 | €10,370 | €12,965 | €26,574 | €20,817 | €16,499 | - |
| Suppliers440/4 | - | €12,965 | €26,574 | €20,817 | €16,499 | - |
| Taxes, remuneration and social security45 | - | €1,862 | €627 | €5,946 | €10,903 | - |
| Taxes450/3 | - | €1,862 | €627 | €5,946 | €10,903 | - |
| Other amounts payable47/48 | - | €460 | €950 | - | €785 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,215 | €22,486 | €222 | €1,473 | -€6,371 | - |
| + Depreciation and write-downs630 | €7,980 | €20,773 | €10,532 | €28,379 | €18,573 | - |
| Operating cash flow (approximation) | €2,766 | €43,259 | €10,754 | €29,852 | €12,202 | - |
| Investment in fixed assets (approximation) | - | -€13,384 | -€16,606 | -€46,294 | - | - |
| Change in cash | - | €14,487 | -€3,855 | -€4,712 | - | - |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 55 days late
2025
31-12
Financial
Weakest financial yearnet -€6,371
Net result drops to -€6,371, the lowest in the series.
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 290 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
31-12
Financial
Back to profitnet €22,486
Net result €22,486 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.60
Current ratio from 0.48 to 1.60; short-term debt falls from €26,146 to €15,764.
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 114 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 181 days late
2019
31-12
Financial
Highest result since 2018net €23,661 ▲3.4%
Net result €23,661, the highest in the series.
17-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 109 days late
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 168 days late
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 88 days late
2015
11-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 133 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Roeselare · 1 establishment unit since 1983
Ground area
506 m²
Building footprint
168 m²
Volume, LiDAR
879 m³
Parcel 36503C1364/00C007, Flanders · tallest building 11.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RESTAURANT SAINT GEORGES
since 19832.022.126.138
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36503C1364/00C007 | Flanders | 506 m² | 1 · 168 m² | 11.5 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.022.126.138
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 9,798 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
Founded07-03-1983
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423867333
Also
9925:BE0423867333
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.