ARTER
ActiveARTER has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €-9k. Equity is shrinking by ~19.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 62% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
62
/ 100
Healthy▼ -24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-30
Solvency100▲+4
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.07 against 2.12 in 2024), and 32.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
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 2025Solvency, return and age of the figures
Solvency
67.5%
Return on assets
-30.5%
Age of the figures
8 mo
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
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 06-07-2026, 25 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
25 d early
2024
5 d late
2023
12 d early
2022
28 d late
2021
12 d early
2020
26 d early
2019
18 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-9k
2024 · €2k
2018: €98k
2019: €124k
2020: €-17k
2021: €127
2022: €43k
2023: €-10k
2024: €2k
2018 → 2025
Working capital
€21k▼ 31.1%
2024 · €30k
2018: €336k
2019: €336k
2020: €81k
2021: €80k
2022: €101k
2023: €29k
2024: €30k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€80k-€93k▲ 16.8%€29k▼ 69.3%€30k▲ 6.3%€21k▼ 31.1%
Operating result€3k-€57k▲ 1,646%€-6k€5k€-6k
Net result€127-€43k▲ 33,953%€-10k€2k€-9k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €31k
Equity
€21k▼ 31.1%
Debt
€10k▼ 62.7%
The debt ratio falls from 47.1% to 32.5%: debt falls faster than equity shrinks.
Key figures and ratios
Solvency
67.5%▲
2024 · 52.9%
Current ratio
3.07▲
2024 · 2.12
Quick ratio
3.07▲
2024 · 2.12
Debt / equity
0.48▼
2024 · 0.89
ROE
-45.2%▼
2024 · 5.9%
ROA
-30.5%▼
2024 · 3.1%
Debt
€10k▼
2024 · €27k
Debt ≤ 1 year
€10k▼
2024 · €27k
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€58k€31k▼
Current assets29/58€58k€31k▼
Amounts receivable within one year40/41€17k€51▼
Trade receivables40€17k€0▼
Other amounts receivable41€820€51▼
Cash at bank and in hand54/58€40k€31k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€58k€31k▼
Equity10/15€30k€21k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€8k€-1k▼
Amounts payable17/49€27k€10k▼
Amounts payable within one year42/48€27k€10k▼
Trade debts44€27k€10k▼
Suppliers440/4€27k€10k▼
Income statement
Code20242025
Other operating charges640/8€387€103▼
Gross operating margin9900€6k€-6k▼
Operating profit (loss)9901€5k€-6k▼
Financial income75/76B€227€0▼
Recurring financial income75€227€0▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€2k€-9k▼
Profit (loss) for the period9904€2k€-9k▼
Profit (loss) for the period to be appropriated9905€2k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-1k▼
Profit (loss) brought forward from the previous period14P€7k€8k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (1 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €127
Net result €127 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 7.16
Current ratio from 1.41 to 7.16; short-term debt falls from €199k to €13k.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-17k ▼114%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €124k ▲27.3%
Operating result €180k, net result €124k, both a record.
31-12
Financial
Equity above €200kEq €242k ▲106%
2 profitable years in a row build equity to €242k.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
SABARI Renaud
CurrentDirector · since 08-02-2024
08-02-2024
Resigned as Manager
08-02-2024
Appointed as Director
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2018
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.
Terhulpsesteenweg 1661170 Watermaal-BosvoordeGround area
3.9 ha
Building footprint
1.0 ha
Volume, LiDAR
152,276 m³
2 parcels, Brussels · tallest building 31.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
ARTER
since 20182.275.207.155
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0030/00D002 | Brussels | 3.2 ha | 1 · 7,322 m² | 21.0 m · 6 fl. |
| 21814P0244/00V000 | Brussels | 6,657 m² | 1 · 2,887 m² | 31.7 m |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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MEXEL
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 30,960 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-03-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.