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
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.
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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
Education (NACE 85)
about 77% fewer bankruptcies
← 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
Total assets
€32k▲ 72.6%
2023 · €19k
Net result
€10k
2023 · €-3k
Working capital
€-16k▲ 35.1%
2023 · €-24k
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
Line20202021202220232024
Operating result€7k€-79€-2k▼ 1,850%€621€18k▲ 2,746%
Net result€7k€-598€-5k▼ 659%€-3k▲ 34.2%€10k
Equity€-14k▲ 31.7%€-15k▼ 4.2%€-19k▼ 30.9%€-22k▼ 15.5%€-12k▲ 44.9%
Total assets€46k▼ 35.6%€34k▼ 27.1%€20k▼ 39.6%€19k▼ 8.4%€32k▲ 72.6%
Debt€60k▼ 34.7%€48k▼ 19.8%€40k▼ 18.2%€41k▲ 3.2%€44k▲ 8.7%
Working capital€-34k▲ 55.4%€-31k▲ 10.8%€-32k▼ 2.6%€-24k▲ 23.2%€-16k▲ 35.1%
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 ≤ 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €14k | €14k | €14k | €2k | ▼ 89.1% |
| Other operating charges640/8 | - | €935 | €557 | €770 | €2k | ▲ 190% |
| Gross operating margin9900 | €23k | €15k | €13k | €16k | €21k | ▲ 36.9% |
| Operating profit (loss)9901 | €7k | €-79 | €-2k | €621 | €18k | ▲ 2,746% |
| Financial income75/76B | - | - | €4 | - | - | - |
| Recurring financial income75 | €168 | - | €4 | - | - | - |
| Financial charges65/66B | - | €525 | €523 | €912 | €3k | ▲ 212% |
| Recurring financial charges65 | €684 | €525 | €523 | €912 | €3k | ▲ 212% |
| Profit (loss) for the period before taxes9903 | €7k | €-604 | €-2k | €-292 | €15k | ▲ 5,175% |
| Income taxes67/77 | €162 | €-6 | €2k | €3k | €5k | ▲ 79.9% |
| Profit (loss) for the period9904 | €7k | €-598 | €-5k | €-3k | €10k | ▲ 434% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-598 | €-5k | €-3k | €10k | ▲ 434% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46k | €34k | €20k | €19k | €32k | ▲ 72.6% |
| Fixed assets21/28 | €43k | €28k | €14k | €2k | €3k | ▲ 74.0% |
| Tangible fixed assets22/27 | €43k | €28k | €14k | €2k | €3k | ▲ 74.0% |
| Plant, machinery and equipment23 | - | €194 | €72 | €2k | €3k | ▲ 55.6% |
| Furniture and vehicles24 | - | €28k | €14k | - | €367 | - |
| Current assets29/58 | €4k | €5k | €6k | €17k | €29k | ▲ 72.5% |
| Stocks and contracts in progress3 | €2k | €2k | €2k | - | - | - |
| Stocks30/36 | - | €2k | €2k | - | - | - |
| Amounts receivable within one year40/41 | €754 | €3k | €672 | €16k | €28k | ▲ 73.7% |
| Trade receivables40 | - | €3k | €672 | €16k | €28k | ▲ 73.7% |
| Cash at bank and in hand54/58 | €88 | €89 | €3k | €38 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | €67 | €272 | €328 | ▲ 20.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46k | €34k | €20k | €19k | €32k | ▲ 72.6% |
| Equity10/15 | €-14k | €-15k | €-19k | €-22k | €-12k | ▲ 44.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-33k | €-33k | €-38k | €-41k | €-31k | ▲ 24.5% |
| Amounts payable17/49 | €60k | €48k | €40k | €41k | €44k | ▲ 8.7% |
| Amounts payable after more than one year17 | €22k | €12k | €2k | - | - | - |
| Financial debts170/4 | - | €12k | €2k | - | - | - |
| Amounts payable within one year42/48 | €38k | €36k | €38k | €41k | €44k | ▲ 8.7% |
| Current portion of amounts payable after more than one year42 | - | €10k | €10k | €2k | €0 | ▼ 100% |
| Financial debts43 | - | - | - | - | €73 | - |
| Credit institutions430/8 | - | - | - | - | €73 | - |
| Trade debts44 | €3k | €5k | €3k | €1k | €18k | ▲ 1,175% |
| Suppliers440/4 | - | €5k | €3k | €1k | €18k | ▲ 1,175% |
| Taxes, remuneration and social security45 | - | €2k | €3k | €6k | €11k | ▲ 86.0% |
| Taxes450/3 | - | €2k | €3k | €6k | €11k | ▲ 86.0% |
| Other amounts payable47/48 | - | €19k | €21k | €32k | €16k | ▼ 50.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-598 | €-5k | €-3k | €10k | ▲ 434% |
| + Depreciation and write-downs630 | €14k | €14k | €14k | €14k | €2k | ▼ 89.1% |
| Operating cash flow (approximation) | €21k | €14k | €10k | €11k | €12k | ▲ 2.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-2k | €-3k | ▼ 36.4% |
| Change in cash | - | €1 | €3k | €-3k | €-38 | ▲ 98.8% |
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
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
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.
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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
Good to know
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
Identification & contact
Identification
Legal formPrivate limited company
Founded27-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.