Artenic
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-06-2026 at the NBB all 3 filings
Turnover
≈ €650,000
Estimated: probably between €470,000 and €850,000
Total assets
€479,886▲ 33.6%
2024 · €359,248
Net result
€43,344▲ 164%
2024 · €16,435
Working capital
€300,334▲ 58.3%
2024 · €189,706
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€69,506
▲ 152%
2025
20232025
Net result
€43,344
▲ 164%
2025
middle half of the sector
20232025
Equity
€267,748
▲ 19.3%
2025
middle half of the sector
20232025
Total assets
€479,886
▲ 33.6%
2025
middle half of the sector
20232025
Debt
€212,137
▲ 57.3%
2025
20232025
Working capital
€300,334
▲ 58.3%
2025
middle half of the sector
20232025
Solvency
55.8%
▼ 6.7pp
2025
middle half of the sector
20232025
Current ratio
3.54
▲ 0.60
2025
highest quarter of the sector
20232025
Return on assets (ROA)
9.0%
▲ 4.5pp
2025
middle half of the sector
20232025
Staff (FTE)
2.5
▼ 16.7%
2025
middle half of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€25,342-€27,622▲ 9.0%€69,506▲ 152%
Net result€13,739within the sector's middle half-€16,435within the sector's middle half▲ 19.6%€43,344within the sector's middle half▲ 164%
Equity€222,846within the sector's middle half-€224,405within the sector's middle half▲ 0.7%€267,748within the sector's middle half▲ 19.3%
Total assets€404,737within the sector's middle half-€359,248within the sector's middle half▼ 11.2%€479,886within the sector's middle half▲ 33.6%
Debt€181,892-€134,843▼ 25.9%€212,137▲ 57.3%
Working capital€189,160within the sector's middle half-€189,706within the sector's middle half▲ 0.3%€300,334within the sector's middle half▲ 58.3%
Solvency55.1%within the sector's middle half-62.5%within the sector's middle half▲ 7.4pp55.8%within the sector's middle half▼ 6.7pp
Current ratio2.43within the sector's middle half-2.94within the sector's middle half▲ 0.513.54above the sector's middle half▲ 0.60
Return on assets (ROA)3.4%within the sector's middle half-4.6%within the sector's middle half▲ 1.2pp9.0%within the sector's middle half▲ 4.5pp
Staff (FTE)3within the sector's middle half-3within the sector's middle half=2.5within the sector's middle half▼ 16.7%
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 152% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €479,886
Fixed assets
€61,228 ▼ 14.7%
Current assets
€418,658 ▲ 45.6%
Equity and liabilities €479,886
Equity
€267,748 ▲ 19.3%
Debt
€212,137 ▲ 57.3%
Debt's share of the balance-sheet total rises from 37.5% to 44.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80,022▲
2024 · €38,901
Cash flow
€53,859▲
2024 · €27,715
Quick ratio
2.96▲
2024 · 2.23
Debt to equity
0.79▲
2024 · 0.60
ROE
16.2%▲
2024 · 7.3%
Interest coverage
18.80▲
2024 · 12.09
Debt ≤ 1 year
€118,323▲
2024 · €97,798
Debt > 1 year
€77,604▲
2024 · €35,671
Income taxes
€22,076▲
2024 · €10,051
Staff costs
€179,720▲
2024 · €153,705
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 4 |
| full-time | 2 | 2 | 2 |
| part-time | 3 | 3 | 2 |
| in full-time equivalents | 3 | 3 | 2.3 |
| Average over the year, in full-time equivalents | 3 | 3 | 2.5 |
| On a permanent contract | 5 | 5 | 4 |
| Joined | - | - | 0 |
| Left | - | - | 1 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €9,025 | - | - |
| Depreciation and write-downs of the year | €12,308 | €11,279 | €10,516 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €6,023 awarded · €6,023 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €1,148 | €1,148 |
| 2023 | 1 | €117 | €117 |
| 2022 | 1 | €4,758 | €4,758 |
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €124,550 | €153,705 | €179,720 | ▲ 16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,308 | €11,279 | €10,516 | ▼ 6.8% |
| Other operating charges640/8 | €145 | €168 | €171 | ▲ 1.8% |
| Gross operating margin9900 | €162,344 | €192,773 | €259,912 | ▲ 34.8% |
| Operating profit (loss)9901 | €25,342 | €27,622 | €69,506 | ▲ 152% |
| Financial income75/76B | - | €2,082 | €169 | ▼ 91.9% |
| Recurring financial income75 | - | €2,082 | €169 | ▼ 91.9% |
| Financial charges65/66B | €3,050 | €3,216 | €4,255 | ▲ 32.3% |
| Recurring financial charges65 | €3,050 | €3,216 | €4,255 | ▲ 32.3% |
| Profit (loss) for the period before taxes9903 | €22,292 | €26,487 | €65,419 | ▲ 147% |
| Income taxes67/77 | €8,553 | €10,051 | €22,076 | ▲ 120% |
| Profit (loss) for the period9904 | €13,739 | €16,435 | €43,344 | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | €13,739 | €16,435 | €43,344 | ▲ 164% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €404,737 | €359,248 | €479,886 | ▲ 33.6% |
| Fixed assets21/28 | €83,023 | €71,744 | €61,228 | ▼ 14.7% |
| Tangible fixed assets22/27 | €83,023 | €71,744 | €61,228 | ▼ 14.7% |
| Land and buildings22 | €65,511 | €57,583 | €49,654 | ▼ 13.8% |
| Plant, machinery and equipment23 | €17,512 | €14,161 | €11,574 | ▼ 18.3% |
| Current assets29/58 | €321,714 | €287,504 | €418,658 | ▲ 45.6% |
| Stocks and contracts in progress3 | €125,173 | €69,515 | €68,560 | ▼ 1.4% |
| Stocks30/36 | €125,173 | €69,515 | €68,560 | ▼ 1.4% |
| Amounts receivable within one year40/41 | €105,610 | €127,087 | €122,768 | ▼ 3.4% |
| Trade receivables40 | €105,288 | €125,495 | €81,022 | ▼ 35.4% |
| Other amounts receivable41 | €321 | €1,592 | €41,746 | ▲ 26× |
| Current investments50/53 | - | - | €800 | - |
| Cash at bank and in hand54/58 | €86,204 | €84,413 | €220,234 | ▲ 161% |
| Deferred charges and accrued income490/1 | €4,728 | €6,489 | €6,295 | ▼ 3.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €404,737 | €359,248 | €479,886 | ▲ 33.6% |
| Equity10/15 | €222,846 | €224,405 | €267,748 | ▲ 19.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €120,582 | €122,141 | €165,484 | ▲ 35.5% |
| Distributable reserves133 | €120,582 | €122,141 | €165,484 | ▲ 35.5% |
| Profit (loss) carried forward14 | €83,664 | €83,664 | €83,664 | = |
| Amounts payable17/49 | €181,892 | €134,843 | €212,137 | ▲ 57.3% |
| Amounts payable after more than one year17 | €49,034 | €35,671 | €77,604 | ▲ 118% |
| Financial debts170/4 | €49,034 | €35,671 | €77,604 | ▲ 118% |
| Amounts payable within one year42/48 | €132,554 | €97,798 | €118,323 | ▲ 21.0% |
| Current portion of amounts payable after more than one year42 | €15,624 | €16,696 | €44,796 | ▲ 168% |
| Trade debts44 | €74,019 | €24,206 | €1,847 | ▼ 92.4% |
| Suppliers440/4 | €74,019 | €24,206 | €1,847 | ▼ 92.4% |
| Taxes, remuneration and social security45 | €34,763 | €35,040 | €70,644 | ▲ 102% |
| Taxes450/3 | €25,480 | €22,363 | €61,771 | ▲ 176% |
| Remuneration and social security454/9 | €9,283 | €12,676 | €8,873 | ▼ 30.0% |
| Other amounts payable47/48 | €8,148 | €21,856 | €1,035 | ▼ 95.3% |
| Accrued charges and deferred income492/3 | €304 | €1,374 | €16,210 | ▲ 12× |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,739 | €16,435 | €43,344 | ▲ 164% |
| + Depreciation and write-downs630 | €12,308 | €11,279 | €10,516 | ▼ 6.8% |
| Operating cash flow (approximation) | €26,047 | €27,715 | €53,859 | ▲ 94.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€1,791 | €135,821 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.