Arteria
ActiveSummary
Arteria has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €143,002 and a net result of -€17,760. Equity is shrinking by ~13.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 95% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability4▲+3
Solvency100=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 40.93 against 50.17 in 2023; short-term debt: 2.3% and cash: 88.6% of total assets), and 2.3% of the assets are financed with debt.
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Signals
Five 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
97.7%
Return on assets
-12.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€17,760
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
60 d late
2021
30 d late
2020
10 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 47 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€83,280▼ 14.4%
2019 · €97,323
EBIT margin
-6.3%▲ 0.8pp
2019 · -7.1%
Net result
-€17,760▲ 24.4%
2023 · -€23,484
Working capital
€135,929▼ 9.3%
2023 · €149,875
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€83,280▼ 14.4%
Operating result-€5,211▲ 24.6%€26,283€11,129▼ 57.7%-€21,787-€16,554▲ 24.0%
Net result-€15,427below the sector's middle half▼ 105%€17,332within the sector's middle half-€400below the sector's middle half-€23,484below the sector's middle half▼ 5,774%-€17,760below the sector's middle half▲ 24.4%
EBIT margin-6.3%▲ 0.8pp
Equity€413,852above the sector's middle half▼ 3.6%€431,184above the sector's middle half▲ 4.2%€184,246within the sector's middle half▼ 57.3%€160,762within the sector's middle half▼ 12.7%€143,002within the sector's middle half▼ 11.0%
Total assets€419,638within the sector's middle half▼ 11.0%€451,412within the sector's middle half▲ 7.6%€186,549within the sector's middle half▼ 58.7%€163,810within the sector's middle half▼ 12.2%€146,406within the sector's middle half▼ 10.6%
Debt€5,787▼ 86.4%€20,228▲ 250%€2,303▼ 88.6%€3,048▲ 32.4%€3,404▲ 11.7%
Working capital€366,382above the sector's middle half▲ 6.1%€394,114above the sector's middle half▲ 7.6%€161,524above the sector's middle half▼ 59.0%€149,875above the sector's middle half▼ 7.2%€135,929within the sector's middle half▼ 9.3%
Solvency98.6%above the sector's middle half▲ 7.6pp95.5%above the sector's middle half▼ 3.1pp98.8%above the sector's middle half▲ 3.2pp98.1%above the sector's middle half▼ 0.6pp97.7%above the sector's middle half▼ 0.5pp
Current ratio64.32above the sector's middle half▲ 55.1720.48above the sector's middle half▼ 43.8371.14above the sector's middle half▲ 50.6650.17above the sector's middle half▼ 20.9740.93above the sector's middle half▼ 9.24
Return on assets (ROA)-3.7%below the sector's middle half▼ 2.1pp3.8%within the sector's middle half▲ 7.5pp-0.2%below the sector's middle half▼ 4.1pp-14.3%below the sector's middle half▼ 14.1pp-12.1%below the sector's middle half▲ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 €16,554 in 2024 against €21,787 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €146,406
Fixed assets
€7,073 ▼ 35.0%
Current assets
€139,333 ▼ 8.9%
Equity and liabilities €146,406
Equity
€143,002 ▼ 11.0%
Debt
€3,404 ▲ 11.7%
Debt's share of the balance-sheet total rises from 1.9% to 2.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€12,741▼
2023 · -€9,304
Cash flow
-€13,947▼
2023 · -€11,001
Debt to equity
0.02▲
2023 · 0.02
ROE
-12.4%▲
2023 · -14.6%
Interest coverage
-40.82▼
2023 · -30.79
Debt ≤ 1 year
€3,404▲
2023 · €3,048
Income taxes
€1,062▼
2023 · €1,395
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 5,836 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €83,280 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,230 | €12,714 | €12,815 | €12,483 | €3,813 | ▼ 69.5% |
| Other operating charges640/8 | - | €1,037 | €1,054 | €2,344 | €1,592 | ▼ 32.1% |
| Gross operating margin9900 | €13,943 | €40,034 | €24,998 | -€6,961 | -€11,148 | ▼ 60.2% |
| Operating profit (loss)9901 | -€5,211 | €26,283 | €11,129 | -€21,787 | -€16,554 | ▲ 24.0% |
| Financial income75/76B | - | €0 | €0 | €0 | €169 | - |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €169 | - |
| Financial charges65/66B | - | €232 | €7,750 | €302 | €312 | ▲ 3.3% |
| Recurring financial charges65 | €216 | €232 | €267 | €302 | €312 | ▲ 3.3% |
| Non-recurring financial charges66B | - | - | €7,483 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€5,427 | €26,051 | €3,379 | -€22,089 | -€16,697 | ▲ 24.4% |
| Income taxes67/77 | €10,000 | €8,719 | €3,779 | €1,395 | €1,062 | ▼ 23.8% |
| Profit (loss) for the period9904 | -€15,427 | €17,332 | -€400 | -€23,484 | -€17,760 | ▲ 24.4% |
| Profit (loss) for the period to be appropriated9905 | -€15,427 | €17,332 | -€400 | -€23,484 | -€17,760 | ▲ 24.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €419,638 | €451,412 | €186,549 | €163,810 | €146,406 | ▼ 10.6% |
| Fixed assets21/28 | €47,470 | €37,070 | €22,722 | €10,887 | €7,073 | ▼ 35.0% |
| Tangible fixed assets22/27 | €39,987 | €29,586 | €22,722 | €10,887 | €7,073 | ▼ 35.0% |
| Land and buildings22 | - | €4,467 | €3,574 | €2,681 | €1,787 | ▼ 33.3% |
| Plant, machinery and equipment23 | - | €2,779 | €1,189 | €257 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €22,340 | €17,958 | €7,948 | €5,286 | ▼ 33.5% |
| Financial fixed assets28 | €7,483 | €7,483 | €0 | - | - | - |
| Current assets29/58 | €372,168 | €414,342 | €163,827 | €152,923 | €139,333 | ▼ 8.9% |
| Amounts receivable after more than one year29 | - | €20,000 | €0 | - | - | - |
| Other amounts receivable291 | - | €20,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €1,869 | €9,179 | €8,084 | €20,130 | €5,978 | ▼ 70.3% |
| Trade receivables40 | - | €7,898 | €493 | €4,495 | €1,454 | ▼ 67.6% |
| Other amounts receivable41 | - | €1,281 | €7,591 | €15,635 | €4,524 | ▼ 71.1% |
| Cash at bank and in hand54/58 | €346,399 | €381,263 | €153,055 | €130,075 | €129,648 | ▼ 0.3% |
| Deferred charges and accrued income490/1 | - | €3,900 | €2,687 | €2,718 | €3,707 | ▲ 36.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €419,638 | €451,412 | €186,549 | €163,810 | €146,406 | ▼ 10.6% |
| Equity10/15 | €413,852 | €431,184 | €184,246 | €160,762 | €143,002 | ▼ 11.0% |
| Contributions10/11 | - | €258,938 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | - | €258,938 | - | - | - | - |
| Other1109/19 | - | €258,938 | - | - | - | - |
| Reserves13 | €177,850 | €177,850 | €177,850 | €177,850 | €177,850 | = |
| Non-distributable reserves130/1 | - | €5,580 | €5,580 | €5,580 | €5,580 | = |
| Reserves not available under the articles1311 | - | €5,580 | €5,580 | €5,580 | €5,580 | = |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €153,520 | €153,520 | €153,520 | €153,520 | = |
| Profit (loss) carried forward14 | -€22,936 | -€5,604 | -€6,004 | -€29,488 | -€47,248 | ▼ 60.2% |
| Amounts payable17/49 | €5,787 | €20,228 | €2,303 | €3,048 | €3,404 | ▲ 11.7% |
| Amounts payable within one year42/48 | €5,787 | €20,228 | €2,303 | €3,048 | €3,404 | ▲ 11.7% |
| Trade debts44 | €1,467 | €20,228 | €1,036 | €329 | €386 | ▲ 17.3% |
| Suppliers440/4 | - | €20,228 | €1,036 | €329 | €386 | ▲ 17.3% |
| Taxes, remuneration and social security45 | - | - | - | €2,101 | €702 | ▼ 66.6% |
| Taxes450/3 | - | - | - | €2,101 | €702 | ▼ 66.6% |
| Other amounts payable47/48 | - | - | €1,267 | €618 | €2,317 | ▲ 275% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,427 | €17,332 | -€400 | -€23,484 | -€17,760 | ▲ 24.4% |
| + Depreciation and write-downs630 | €18,230 | €12,714 | €12,815 | €12,483 | €3,813 | ▼ 69.5% |
| Operating cash flow (approximation) | €2,803 | €30,046 | €12,415 | -€11,001 | -€13,947 | ▼ 26.8% |
| Investment in fixed assets (approximation) | - | -€2,313 | €1,533 | -€648 | €0 | ▲ 100% |
| Change in cash | - | €34,864 | -€228,208 | -€22,980 | -€427 | ▲ 98.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€23,484
Net result drops to -€23,484, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 71.14
Current ratio from 20.48 to 71.14; short-term debt falls from €20,228 to €2,303.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €17,332
Net result €17,332 after 2 loss-making years.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Liquidity times 7current ratio 64.32
Current ratio from 9.14 to 64.32; short-term debt falls from €42,399 to €5,787.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Haacht · 1 establishment unit since 2005
Ground area
1,419 m²
Building footprint
200 m²
Volume, LiDAR
187 m³
Parcel 24122A0262/00S002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Arteria
since 20052.148.984.124
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24122A0262/00S002 | Flanders | 1,419 m² | 1 · 200 m² | 7.8 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
- Sourceown accounts 202117%
According to the 2021 annual accounts of Arteria and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,885 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
Founded08-09-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875984630
Also
9925:BE0875984630
Registered
22-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.