ARTEMIS
ActiveSummary
ARTEMIS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-12k) and a net result of €10k. Equity is shrinking by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 12% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+50
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.65 against 0.41 in 2023; short-term debt: 138.1% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← 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 2024Solvency, return and age of the figures
Solvency
-38.1%
Return on assets
31%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 2542 sector peers (2024).
NBB · sector comparisonPosition among 2542 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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
20 d late
2023
30 d late
2022
50 d late
2021
61 d early
2020
84 d late
2019
97 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-12k▲ 44.9%
2023 · €-22k
2018: €12k
2019: €-21k
2020: €-14k
2021: €-15k
2022: €-19k
2023: €-22k
2018 → 2024
Total assets
€32k▲ 72.6%
2023 · €19k
2018: €25k
2019: €72k
2020: €46k
2021: €34k
2022: €20k
2023: €19k
2018 → 2024
Net result
€10k
2023 · €-3k
2018: €12k
2019: €-32k
2020: €7k
2021: €-598
2022: €-5k
2023: €-3k
2018 → 2024
Working capital
€-16k▲ 35.1%
2023 · €-24k
2018: €12k
2019: €-77k
2020: €-34k
2021: €-31k
2022: €-32k
2023: €-24k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-14k-€-15k▼ 4.2%€-19k▼ 30.9%€-22k▼ 15.5%€-12k▲ 44.9%
Operating result€7k-€-79€-2k▼ 1,850%€621€18k▲ 2,746%
Net result€7k-€-598€-5k▼ 659%€-3k▲ 34.2%€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 2,746% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €32k
Fixed assets
€3k ▲ 74.0%
Current assets
€29k ▲ 72.5%
Key figures and ratios
EBITDA
€19k▲
2023 · €15k
Cash flow
€12k▲
2023 · €11k
Solvency
-38.1%▲
2023 · -119.3%
Current ratio
0.65▲
2023 · 0.41
Debt to equity
-3.63▼
2023 · -1.84
ROA
31.0%▲
2023 · -16.0%
Interest coverage
6.74▼
2023 · 16.33
Debt
€44k▲
2023 · €41k
Debt ≤ 1 year
€44k▲
2023 · €41k
Income taxes
€5k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€19k€32k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24-€367
Current assets29/58€17k€29k▲
Amounts receivable within one year40/41€16k€28k▲
Trade receivables40€16k€28k▲
Cash at bank and in hand54/58€38€0▼
Deferred charges and accrued income490/1€272€328▲
Equity and liabilities
Total equity and liabilities10/49€19k€32k▲
Equity10/15€-22k€-12k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-41k€-31k▲
Amounts payable17/49€41k€44k▲
Amounts payable within one year42/48€41k€44k▲
Current portion of amounts payable after more than one year42€2k€0▼
Financial debts43-€73
Credit institutions430/8-€73
Trade debts44€1k€18k▲
Suppliers440/4€1k€18k▲
Taxes, remuneration and social security45€6k€11k▲
Taxes450/3€6k€11k▲
Other amounts payable47/48€32k€16k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€2k▼
Other operating charges640/8€770€2k▲
Gross operating margin9900€16k€21k▲
Operating profit (loss)9901€621€18k▲
Financial charges65/66B€912€3k▲
Recurring financial charges65€912€3k▲
Profit (loss) for the period before taxes9903€-292€15k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€-3k€10k▲
Profit (loss) for the period to be appropriated9905€-3k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-31k▲
Profit (loss) brought forward from the previous period14P€-38k€-41k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 84 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
2019
31-12
Financial
Weakest financial yearnet €-32k ▼371%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
6 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, Stabroek · 1 establishment unit since 2014
Ground area
6,815 m²
Building footprint
908 m²
Volume, LiDAR
8,214 m³
2 parcels, Flanders · tallest building 20.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CONSULTING & TRADING
since 20142.244.574.060
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044E0338/00L000 | Flanders | 5,588 m² | 1 · 810 m² | 20.0 m · 3 fl. |
| 11039A0108/00N007 | Flanders | 1,227 m² | 1 · 98 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 801 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.