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ARTERAS

Active
Private limited companyfounded 20224 yrs activeKleine Molenweg 56, 2940 Stabroek, BelgiumKBO/BCE: BE 0787.883.587
Summary

The computed 12-month bankruptcy probability of ARTERAS is 4.2% (elevated). The 2025 annual accounts show equity of €20,344 and a net result of €8,808. Its solvency ranks better than 81% of 13560 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
59 / 100
Fair
An elevated bankruptcy probability caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+48
Solvency92▲+22
Growth78
Track record94
Bankruptcy probability, 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.98 against 1.5 in 2024; short-term debt: 29.2% and cash: 19.2% of total assets), and 32.5% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-08-2026, 303 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
303 d late
2024
284 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 294 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ARTERAS was incorporated on 30 June 2022 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€20,344▲ 76.4%
2024 · €11,536
Total assets
€30,147▲ 18.5%
2024 · €25,435
Net result
€8,808
2024 · -€3,464
Working capital
€17,412▲ 151%
2024 · €6,933
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
Line20242025
Operating result-€2,911-€12,793
Net result-€3,464-€8,808
Equity€11,536-€20,344▲ 76.4%
Total assets€25,435-€30,147▲ 18.5%
Debt€13,899-€9,803▼ 29.5%
Working capital€6,933-€17,412▲ 151%
Staff (FTE)1.3-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000€15,000Operating result 2024: -€2,911-€2,911Net result 2024: -€3,464-€3,464Operating result 2025: €12,793€12,793Net result 2025: €8,808€8,80820242025-€5,000€0€5,000€10,000€15,000Operating result 2024: -€2,911-€2,910Net result 2024: -€3,464-€3,460Operating result 2025: €12,793€12,800Net result 2025: €8,808€8,81020242025
The operating result returns to profit in 2025: €12,793 after a loss of €2,911 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30,147
Fixed assets €3,932 ▼ 14.6%
Current assets €26,215 ▲ 25.8%
Equity and liabilities €30,147
Equity €20,344 ▲ 76.4%
Debt €9,803 ▼ 29.5%
Debt's share of the balance-sheet total falls from 54.6% to 32.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€17,452▲
2024 · €3,597
Cash flow
€13,467▲
2024 · €3,044
Current ratio
2.98▲
2024 · 1.50
Quick ratio
2.87▲
2024 · 1.45
Debt to equity
0.48▼
2024 · 1.20
ROE
43.3%▲
2024 · -30.0%
ROA
29.2%▲
2024 · -13.6%
Interest coverage
71.23▲
2024 · 58.74
Debt ≤ 1 year
€8,803▼
2024 · €13,899
Income taxes
€3,744▲
2024 · €851
Staff costs
€873▼
2024 · €19,189
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€25,435€30,147▲
Fixed assets21/28€4,602€3,932▼
Tangible fixed assets22/27€4,602€3,932▼
Plant, machinery and equipment23€1,935€1,897▼
Furniture and vehicles24€2,667€2,035▼
Current assets29/58€20,833€26,215▲
Stocks and contracts in progress3€707€955▲
Stocks30/36€707€955▲
Amounts receivable within one year40/41€15,467€19,318▲
Trade receivables40€1,055-
Other amounts receivable41€14,413€19,318▲
Cash at bank and in hand54/58€4,509€5,793▲
Deferred charges and accrued income490/1€149€149▲
Equity and liabilities
Total equity and liabilities10/49€25,435€30,147▲
Equity10/15€11,536€20,344▲
Contributions10/11€15,000€15,000=
Profit (loss) carried forward14-€3,464€5,344▲
Amounts payable17/49€13,899€9,803▼
Amounts payable within one year42/48€13,899€8,803▼
Trade debts44€10,722€5,058▼
Suppliers440/4€10,722€5,058▼
Taxes, remuneration and social security45€3,177€3,745▲
Taxes450/3€2,351€3,745▲
Remuneration and social security454/9€826-
Accrued charges and deferred income492/3-€1,000
Income statement Code20242025
Remuneration, social security and pensions62€19,189€873▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,508€4,659▼
Other operating charges640/8€1,523€648▼
Gross operating margin9900€24,308€18,973▼
Operating profit (loss)9901-€2,911€12,793▲
Financial income75/76B€359€4▼
Recurring financial income75€359€4▼
Financial charges65/66B€61€245▲
Recurring financial charges65€61€245▲
Profit (loss) for the period before taxes9903-€2,613€12,552▲
Income taxes67/77€851€3,744▲
Profit (loss) for the period9904-€3,464€8,808▲
Profit (loss) for the period to be appropriated9905-€3,464€8,808▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3,464€5,344▲
Profit (loss) brought forward from the previous period14P--€3,464

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€19,189€873▼ 95.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,508€4,659▼ 28.4%
Other operating charges640/8€1,523€648▼ 57.4%
Gross operating margin9900€24,308€18,973▼ 21.9%
Operating profit (loss)9901-€2,911€12,793▲ 539%
Financial income75/76B€359€4▼ 98.9%
Recurring financial income75€359€4▼ 98.9%
Financial charges65/66B€61€245▲ 300%
Recurring financial charges65€61€245▲ 300%
Profit (loss) for the period before taxes9903-€2,613€12,552▲ 580%
Income taxes67/77€851€3,744▲ 340%
Profit (loss) for the period9904-€3,464€8,808▲ 354%
Profit (loss) for the period to be appropriated9905-€3,464€8,808▲ 354%
Line20242025Change
Assets
Total assets20/58€25,435€30,147▲ 18.5%
Fixed assets21/28€4,602€3,932▼ 14.6%
Tangible fixed assets22/27€4,602€3,932▼ 14.6%
Plant, machinery and equipment23€1,935€1,897▼ 2.0%
Furniture and vehicles24€2,667€2,035▼ 23.7%
Current assets29/58€20,833€26,215▲ 25.8%
Stocks and contracts in progress3€707€955▲ 35.0%
Stocks30/36€707€955▲ 35.0%
Amounts receivable within one year40/41€15,467€19,318▲ 24.9%
Trade receivables40€1,055--
Other amounts receivable41€14,413€19,318▲ 34.0%
Cash at bank and in hand54/58€4,509€5,793▲ 28.5%
Deferred charges and accrued income490/1€149€149▲ 0.2%
Equity and liabilities
Total equity and liabilities10/49€25,435€30,147▲ 18.5%
Equity10/15€11,536€20,344▲ 76.4%
Contributions10/11€15,000€15,000=
Profit (loss) carried forward14-€3,464€5,344▲ 254%
Amounts payable17/49€13,899€9,803▼ 29.5%
Amounts payable within one year42/48€13,899€8,803▼ 36.7%
Trade debts44€10,722€5,058▼ 52.8%
Suppliers440/4€10,722€5,058▼ 52.8%
Taxes, remuneration and social security45€3,177€3,745▲ 17.9%
Taxes450/3€2,351€3,745▲ 59.3%
Remuneration and social security454/9€826--
Accrued charges and deferred income492/3-€1,000-
Line20242025Change
Profit (loss) for the period9904-€3,464€8,808▲ 354%
+ Depreciation and write-downs630€6,508€4,659▼ 28.4%
Operating cash flow (approximation)€3,044€13,467▲ 342%
Investment in fixed assets (approximation)--€3,989-
Change in cash-€1,284-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2026
30-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 303 days late
2025
11-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 284 days late
31-03
Financial Back to profitnet €8,808
Net result €8,808 after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
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, Stabroek · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
122 m²
Building footprint
111 m²
Volume, LiDAR
1,031 m³
Parcel 11044C0225/00T000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
PRONTO
Kleine Molenweg 56, 2940 StabroekFood and beverage service activities
since 20222.332.923.046
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11044C0225/00T000 Flanders 122 m² 1 · 111 m² 11.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid
Year Entries awardedpaid
2024 1 2,000 EUR2,000 EUR
Schemes
1 entry · 2,000 EUR · 2,000 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site
Stabroek2.332.923.046
1 permission
Toelating · Traiteur · since 17-08-2022

Similar companies · same sector, comparable size

Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 8,081 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
Founded30-06-2022
Fiscal year end31-03
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0787883587
Also 9925:BE0787883587
Registered 09-07-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.