Parent and group
- Windhoek80%
Artes Depret
ActiveSummary
Artes Depret has been active since 1941 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32.9m and a net result of €5.9m. Equity has been stable since 2018 (±0.2% per year). Its solvency ranks better than 32% of 378 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 16-10-1941 Normal situation
- Registered office
- 43 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Construction of roads and motorways NACE 42110and 1 other
- Joint committees
- 124 Paritair Comité voor het bouwbedrijf
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.016.526.070 8380 Brugge, since 01-07-1979
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Board and ownership
Board
- BV ELCONSTRUCTManaging director · permanent representative Johan VAN OVERWALLE
- BV PACT 14Director · permanent representative Koen VANDEWALLE
- HOORNAERT, RobertDirector
- Auditor
- Grant Thornton, Bedrijfsrevisoren CVBA
Shareholders
- ARTES GROUP100%· score 942025 annual accounts of ARTES GROUP
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Turnover
- €131.6m
- ▲ 43.3%
- Profit
- €5.9m
- ▼ 40.0%
- Equity
- €32.9m
- ▲ 2.8%
- Total assets
- €118.8m
- ▲ 21.4%
- Employees on 31-12-2025
- 230
- ▲ 2.7%
Score breakdownraises riskSector: Civil engineering (NACE 42)lowers riskFounded in 1941Size: turnover €131.6m, 226.3 FTE, total assets €118.8mLiquidity: current ratio 1.61, cash €18.2mShow the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 44% of medium-sized companies in civil engineering (NACE 42)
Financial strength · tick: 2024
Average
Solvency
53-5
equity 27.7% of total assets
Liquidity
41+12
short-term debt 55.3% · cash 15.4%
Profitability
48-33
return on assets 5.0%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026highest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €3,050,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.61 (1.58 in 2024), above the usual 1.5. Short-term debt is 55.3% and cash 15.4% of total assets. However, 72.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, medium-sized). It does better than 38% of them on solvency, 58% on liquidity, 17% on profitability and 64% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
41 days early
2023
42 days early
2022
46 days early
2021
33 days early
2020
43 days early
2019
45 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Positive: Oldest company in West Flanders, Construction sectorin the Checked rankings No. 1 View
- Positive: Turnover rose in 2025from €91.8m to €131.6m ▲ 43.3% View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Positive: 8 profitable years in a rowprofit 2025: €5.9m 8 years View
- Flemish supportawarded from 2022 to 2025 €187,359 View
Recent changes
- · Gazette deed Reappointments: Robert HOORNAERT, BV ELCONSTRUCT and 3 othersPermanent representatives: Johan VAN OVERWALLE, Koen VANDEWALLE and Ria Verheyen · Appointment: BV ELCONSTRUCT (managing director)
- · Gazette deed Amendment of the articles
- · Gazette deed Resignations: Robert HOORNAERT, BV ELCONSTRUCT and BV PACT 14Appointments: Robert HOORNAERT, BV ELCONSTRUCT and 2 others · Permanent representatives: Johan VAN OVERWALLE, K.VAN ACKER and Koen VANDEWALLE
Companies linked to Artes Depret
Comparable companies
These companies have the same main activity as Artes Depret: construction of roads and motorways (NACE 42110). They are comparable in size and age: total assets between €25m and €131m, founded between 1937 and 1969.
| Company | Total assets | Turnover |
|---|---|---|
| Artes Depret Brugge | €118.8m | €131.6m |
| VERHELST AANNEMINGEN Oostende | €61.2m | €87.7m |
| VIABUILD Puurs-Sint-Amands | €131.3m | €161.5m |
| BESIX Infra Schelle | €96.2m | €148.4m |
| Colas Noord Heusden-Zolder | €66.9m | €157.9m |
| EUROVIA BELGIUM Anderlecht | €55.3m | €70.6m |
| Persyn Zwevegem | €25.3m | €74.6m |
Key facts about Artes Depret
- What is the company number of Artes Depret?
- The company number of Artes Depret is 0400.082.042. The VAT number is the same number with BE in front: BE 0400.082.042.
- Where is Artes Depret based?
- The registered office is at Rederskaai 61, 8380 Brugge.Company details
- What does Artes Depret do?
- According to the KBO register, the main activity is construction of roads and motorways (NACE 42110).
- What is the legal form of Artes Depret?
- The legal form of Artes Depret is Public limited company (NV).
- When was Artes Depret founded?
- Artes Depret was founded on 16-10-1941.
- Is Artes Depret still active?
- Yes, Artes Depret is an active enterprise in the KBO register.
- How many employees does Artes Depret have?
- Artes Depret had an average of 226.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Artes Depret fall under?
- In its 2025 annual accounts, Artes Depret states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of Artes Depret?
- The turnover of Artes Depret was €131.6m in financial year 2025, according to the filed annual accounts.
- Is Artes Depret profitable?
- In financial year 2025, Artes Depret made a profit of €5.9m.
- Where can I find the annual accounts of Artes Depret?
- Artes Depret filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Artes Depret due?
- Artes Depret must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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