ARTEMISIANA
ActiveSummary
ARTEMISIANA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158k and a net result of €89k. Equity is growing by ~88% per year across the filed fiscal years. Its solvency ranks better than 82% of 348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+1
Solvency100▲+24
Growth78=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 4.26 against 1.82 in 2024; short-term debt: 21.2% and cash: 44.9% of total assets), and 21.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.8%
Return on assets
44.2%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-12-2025, 34 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
34 d early
2024
39 d early
2023
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€158k▲ 128%
2024 · €69k
2023: €36k
2024: €69k
2023 → 2025
Total assets
€200k▲ 48.9%
2024 · €134k
2023: €79k
2024: €134k
2023 → 2025
Net result
€89k▲ 168%
2024 · €33k
2023: €6k
2024: €33k
2023 → 2025
Working capital
€139k▲ 170%
2024 · €51k
2023: €24k
2024: €51k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€36k-€69k▲ 91.6%€158k▲ 128%
Operating result€10k-€48k▲ 402%€112k▲ 135%
Net result€6k-€33k▲ 444%€89k▲ 168%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 135% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200k
Fixed assets
€19k ▼ 6.4%
Current assets
€181k ▲ 58.8%
Equity and liabilities €200k
Equity
€158k ▲ 128%
Debt
€43k ▼ 34.9%
Debt's share of the balance-sheet total falls from 48.6% to 21.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€118k▲
2024 · €51k
Cash flow
€94k▲
2024 · €37k
Current ratio
4.26▲
2024 · 1.82
Quick ratio
2.61▲
2024 · 1.02
Debt to equity
0.27▼
2024 · 0.94
ROE
56.2%▲
2024 · 47.8%
ROA
44.2%▲
2024 · 24.6%
Interest coverage
160.04▲
2024 · 18.00
Debt ≤ 1 year
€43k▼
2024 · €63k
Income taxes
€23k▲
2024 · €12k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€134k€200k▲
Fixed assets21/28€20k€19k▼
Tangible fixed assets22/27€20k€19k▼
Land and buildings22€10k€9k▼
Plant, machinery and equipment23€1k€898▼
Furniture and vehicles24€6k€5k▼
Other tangible fixed assets26€3k€5k▲
Current assets29/58€114k€181k▲
Stocks and contracts in progress3€50k€70k▲
Stocks30/36€50k€70k▲
Amounts receivable within one year40/41€17k€20k▲
Trade receivables40€17k€20k▲
Other amounts receivable41€120€118▼
Cash at bank and in hand54/58€46k€90k▲
Deferred charges and accrued income490/1€703€1k▲
Equity and liabilities
Total equity and liabilities10/49€134k€200k▲
Equity10/15€69k€158k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€39k€128k▲
Amounts payable17/49€65k€43k▼
Amounts payable within one year42/48€63k€43k▼
Current portion of amounts payable after more than one year42€6k€8k▲
Financial debts43€1k€58▼
Credit institutions430/8€1k€58▼
Trade debts44€16k€4k▼
Suppliers440/4€16k€4k▼
Taxes, remuneration and social security45€5k€9k▲
Taxes450/3€5k€9k▲
Other amounts payable47/48€35k€22k▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€12k▲
Other operating charges640/8€604€904▲
Non-recurring operating charges66A€0-
Gross operating margin9900€52k€130k▲
Operating profit (loss)9901€48k€112k▲
Financial income75/76B€72€70▼
Recurring financial income75€72€70▼
Financial charges65/66B€3k€734▼
Recurring financial charges65€3k€734▼
Profit (loss) for the period before taxes9903€45k€112k▲
Income taxes67/77€12k€23k▲
Profit (loss) for the period9904€33k€89k▲
Profit (loss) for the period to be appropriated9905€33k€89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€128k▲
Profit (loss) brought forward from the previous period14P€6k€39k▲
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
Next filing, fiscal year 2026, expected by
2025
28-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2023net €89k ▲168%
Operating result €112k, net result €89k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 4.26
Current ratio from 1.82 to 4.26; short-term debt falls from €63k to €43k.
30-06
Financial
Equity above €150kEq €158k ▲128%
3 profitable years in a row build equity to €158k.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brakel · 1 establishment unit since 2022
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.
Boterhoek 659660 BrakelGround area
1.1 ha
Building footprint
2,190 m²
Volume, LiDAR
903 m³
2 parcels, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARTEMISIANA
since 20222.328.470.251
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45028C0915/00A000 | Flanders | 8,533 m² | 1 · 1,989 m² | - |
| 45024C0357/00F000 | Flanders | 2,218 m² | 1 · 201 m² | 6.5 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 5,550 EUR awarded · 5,550 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,500 EUR | 4,500 EUR |
| 2024 | 1 | 1,050 EUR | 1,050 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 674 companies in sector 23410 we hold annual accounts for 47. 39 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
Founded03-03-2022
Fiscal year end30-06
Activities, NACEBEL 2025
23410Manufacture of ceramic household and ornamental articles
47690Retail sale of other cultural and recreation goods
82990Other business support services
46499Wholesale of other household goods
47120Other non-specialised retail sale
47784Retail sale of souvenirs and religious articles
47789Other retail sale of new goods
62200Computer consultancy and computer facilities management
68110Buying and selling of own real estate
70200Business and other management consultancy
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.