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Artes TWT

Active
Public limited companyfounded 199333 yrs activeRue Géron 41, 5300 Andenne, BelgiumKBO/BCE: BE 0449.710.707
Summary

Artes TWT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.5m and a net result of €4.2m. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 1005 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
Artes TWTActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
General construction of other non-residential buildings
NACE 41003NACE 41203NACE 45230
#1 company by total assets in Andenne, Construction sector1 site
Size
€46.4mturnover 2025
Staff
108.9 FTE
Equity
€6.5m
Profit
€4.2m
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
ARTES GROUP · 100%
Accounts 31 d early1 of 44 deeds read
Why 94- Sector Construction of residential and non-residential buildings (NACE 41)- Equity €6.5m (19.8% of total assets)+ Liquidity: current ratio 1.55, cash €11.1m+ Size: turnover €46.4m, 108.9 FTE, total assets €32.6mShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 64% of its sector peers (NACE 41, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 45-2
equity 19.8% of total assets
Liquidity 62+5
short-term debt 58.0% · cash 33.9%
Profitability 81-3
return on assets 12.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (210 companies)
Last 24 months 11-2024: 0.1%highest value 12-2024: 0.1%● 0.0% vs 11-2024highest value 01-2025: 0.1%● 0.0% vs 12-2024highest value 02-2025: 0.1%▼ -4.1% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%● 0.0% vs 03-2025 05-2025: 0.1%▲ +0.9% vs 04-2025 06-2025: 0.1%▼ -2.6% vs 05-2025 07-2025: 0.1%▼ -13.2% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%▲ +3.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -3.9% vs 01-2026lowest value 03-2026: 0.1%● 0.0% vs 02-2026lowest value 04-2026: 0.1%▲ +13.3% vs 03-2026 05-2026: 0.1%● 0.0% vs 04-2026 06-2026: 0.1%▼ -1.8% vs 05-2026 07-2026: 0.1%▲ +3.7% vs 06-2026 08-2026: 0.1%▲ +1.8% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
  • Equity €6.5m (19.8% of total assets) raises the probability
  • Liquidity: current ratio 1.55, cash €11.1m lowers the probability
  • Size: turnover €46.4m, 108.9 FTE, total assets €32.6m lowers the probability for this profile
Credit up to €600,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.29 in 2024; short-term debt: 58% and cash: 33.9% of total assets), but 80.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, medium-sized). Better than this share of them on solvency 36%, liquidity 96%, profitability 94%, growth against the median 29%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Construction of residential and non-residential buildings (NACE 41)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Equity €6.5m (19.8% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.55, cash €11.1m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Size: turnover €46.4m, 108.9 FTE, total assets €32.6m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
35 d early
2023
37 d early
2022
33 d early
2021
37 d early
2020
43 d early
2019
45 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Permanent representatives: Johan VAN OVERWALLE, Renaud…Power of attorney
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Company by total assets in Andenne, Construction sectorin the Checked rankings #1 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by ARTES GROUPultimately: Windhoek 100% View
  • Positive: 7 profitable years in a rowprofit 2025: €4.2m 7 years View

By topic

Financials

Fiscal year
2025
Turnover
€46.4m
Profit
€4.2m
Solvency
19.8%
Turnover▼ 23.1%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 30-06-2026Annual accounts filed
  2. 11-05-2026Permanent representatives: Johan VAN OVERWALLE, Renaud SUINEN…
  3. 26-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
General construction of other non-residential buildingsNACE 41003
Founded
01-04-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check

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