ARTEMISE
ActiveARTEMISE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €-30k. Equity is shrinking by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 6994 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-28
Solvency50▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 7.81 against 5.33 in 2024; short-term debt: 10.4% and cash: 72.9% of total assets), but 75.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
24.5%
Return on assets
-20.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-30k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
42 d early
2023
27 d early
2022
17 d early
2021
11 d early
2020
64 d early
2019
63 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▼ 45.7%
2024 · €66k
2018: €117k
2019: €116k
2020: €103k
2021: €93k
2022: €90k
2023: €76k
2024: €66k
2018 → 2025
Total assets
€147k▼ 27.6%
2024 · €203k
2018: €224k
2019: €222k
2020: €195k
2021: €219k
2022: €241k
2023: €235k
2024: €203k
2018 → 2025
Net result
€-30k▼ 225%
2024 · €-9k
2018: €272
2019: €821
2020: €-14k
2021: €-10k
2022: €-3k
2023: €801
2024: €-9k
2018 → 2025
Working capital
€104k▼ 19.8%
2024 · €129k
2018: €142k
2019: €155k
2020: €135k
2021: €150k
2022: €140k
2023: €143k
2024: €129k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€90k▼ 3.6%€76k▼ 15.6%€66k▼ 12.3%€36k▼ 45.7%
Operating result€3k-€710▼ 73.9%€10k▲ 1,258%€-1k€-28k▼ 2,567%
Net result€-10k-€-3k▲ 66.3%€801€-9k€-30k▼ 225%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2025 against €1k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147k
Fixed assets
€28k▼ 36.2%
Current assets
€119k▼ 25.3%
Equity and liabilities €147k
Equity
€36k▼ 45.7%
Debt
€111k▼ 18.9%
The debt ratio rises from 67.3% to 75.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-12k▼
2024 · €15k
Cash flow
€-14k▼
2024 · €7k
Solvency
24.5%▼
2024 · 32.7%
Current ratio
7.81▲
2024 · 5.33
Quick ratio
7.81▲
2024 · 5.33
Debt / equity
3.08▲
2024 · 2.06
ROE
-84.2%▼
2024 · -14.1%
ROA
-20.6%▼
2024 · -4.6%
Interest coverage
-2.07▼
2024 · 1.78
Debt
€111k▼
2024 · €137k
Debt ≤ 1 year
€15k▼
2024 · €30k
Debt > 1 year
€90k▼
2024 · €100k
Income taxes
€323▲
2024 · €310
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€203k€147k▼
Fixed assets21/28€44k€28k▼
Tangible fixed assets22/27€44k€28k▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€33k€21k▼
Current assets29/58€159k€119k▼
Amounts receivable within one year40/41€13k€10k▼
Trade receivables40€9k€6k▼
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€147k€107k▼
Deferred charges and accrued income490/1€190€2k▲
Equity and liabilities
Total equity and liabilities10/49€203k€147k▼
Equity10/15€66k€36k▼
Contributions10/11€19k€19k=
Reserves13€57k€57k=
Non-distributable reserves130/1€15k€15k=
Reserves not available under the articles1311€15k€15k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€-9k€-40k▼
Amounts payable17/49€137k€111k▼
Amounts payable after more than one year17€100k€90k▼
Financial debts170/4€100k€90k▼
Amounts payable within one year42/48€30k€15k▼
Current portion of amounts payable after more than one year42€10k€10k=
Trade debts44€11k€2k▼
Suppliers440/4€11k€2k▼
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Other amounts payable47/48€5k€0▼
Accrued charges and deferred income492/3€7k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Other operating charges640/8€918€944▲
Gross operating margin9900€16k€-11k▼
Operating profit (loss)9901€-1k€-28k▼
Financial income75/76B€616€4k▲
Recurring financial income75€616€4k▲
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€-9k€-30k▼
Income taxes67/77€310€323▲
Profit (loss) for the period9904€-9k€-30k▼
Profit (loss) for the period to be appropriated9905€-9k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-40k▼
Profit (loss) brought forward from the previous period14P€0€-9k▼
Transfer from equity791/2€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €801
Net result €801 after 3 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €821 ▲201%
Net result €821, the highest in the series.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zedelgem · 1 establishment unit since 2002
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.
Heidelbergstraat 628210 ZedelgemGround area
2,992 m²
Building footprint
316 m²
Volume, LiDAR
1,561 m³
Parcel 31017E0276/00S000, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ARTEMISE
since 20022.101.518.262
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31017E0276/00S000 | Flanders | 2,992 m² | 1 · 316 m² | 9.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,755. 2,900 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-12-2001
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
74201Photography, excluding press photography
74811
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.