Artesio
ActiveArtesio has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.64M and a net result of €131k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 829 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-12
Solvency88▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 3.78 against 1.91 in 2024; short-term debt: 24.6% and cash: 6.3% of total assets), and 36.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.1%
Return on assets
3.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
on the day
2023
70 d early
2022
22 d late
2021
26 d early
2020
6 d late
2019
46 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€131k▼ 36.9%
2024 · €207k
2018: €284k
2019: €403k
2020: €227k
2021: €175k
2022: €179k
2023: €165k
2024: €207k
2018 → 2025
Working capital
€2.86M▲ 23.2%
2024 · €2.32M
2018: €1.06M
2019: €1.46M
2020: €1.75M
2021: €1.82M
2022: €1.97M
2023: €2.15M
2024: €2.32M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.96M-€2.13M▲ 9.1%€2.30M▲ 7.7%€2.51M▲ 9.0%€2.64M▲ 5.2%
Operating result€273k-€308k▲ 12.5%€348k▲ 13.0%€288k▼ 17.1%€245k▼ 15.0%
Net result€175k-€179k▲ 2.2%€165k▼ 7.6%€207k▲ 25.5%€131k▼ 36.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 15% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.18M
Fixed assets
€290k▼ 27.2%
Current assets
€3.89M▼ 20.3%
Equity and liabilities €4.18M
Equity
€2.64M▲ 5.2%
Debt
€1.54M▼ 44.4%
The debt ratio falls from 52.5% to 36.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€316k▼
2024 · €372k
Cash flow
€201k▼
2024 · €291k
Solvency
63.1%▲
2024 · 47.5%
Current ratio
3.78▲
2024 · 1.91
Quick ratio
2.55▲
2024 · 1.63
Debt / equity
0.58▼
2024 · 1.10
ROE
5.0%▼
2024 · 8.3%
ROA
3.1%▼
2024 · 3.9%
Interest coverage
4.75▼
2024 · 7.37
Debt
€1.54M▼
2024 · €2.77M
Debt ≤ 1 year
€1.03M▼
2024 · €2.55M
Debt > 1 year
€511k▲
2024 · €211k
Income taxes
€52k▼
2024 · €82k
Staff costs
€671k▼
2024 · €846k
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€5.27M€4.18M▼
Fixed assets21/28€398k€290k▼
Tangible fixed assets22/27€346k€247k▼
Land and buildings22€48k€42k▼
Plant, machinery and equipment23€30k€15k▼
Furniture and vehicles24€269k€190k▼
Financial fixed assets28€52k€43k▼
Current assets29/58€4.87M€3.89M▼
Stocks and contracts in progress3€703k€1.26M▲
Stocks30/36€540k€540k=
Contracts in progress37€163k€722k▲
Amounts receivable within one year40/41€3.88M€2.25M▼
Trade receivables40€1.86M€440k▼
Other amounts receivable41€2.03M€1.81M▼
Cash at bank and in hand54/58€211k€263k▲
Deferred charges and accrued income490/1€74k€109k▲
Equity and liabilities
Total equity and liabilities10/49€5.27M€4.18M▼
Equity10/15€2.51M€2.64M▲
Contributions10/11€200k€200k=
Capital10€156k€156k=
Issued capital100€156k€156k=
Outside capital11€44k€44k=
Share premium1100/10€44k€44k=
Reserves13€2.31M€2.44M▲
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Distributable reserves133€2.29M€2.42M▲
Amounts payable17/49€2.77M€1.54M▼
Amounts payable after more than one year17€211k€511k▲
Financial debts170/4€161k€511k▲
Advances received on contracts in progress176€50k-
Amounts payable within one year42/48€2.55M€1.03M▼
Current portion of amounts payable after more than one year42€109k€103k▼
Financial debts43€686k€316k▼
Credit institutions430/8€686k€316k▼
Trade debts44€1.41M€541k▼
Suppliers440/4€1.41M€541k▼
Advances received on contracts in progress46€19k-
Taxes, remuneration and social security45€67k€66k▼
Taxes450/3€32k€38k▲
Remuneration and social security454/9€36k€28k▼
Other amounts payable47/48€266k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€8k€130k▲
Remuneration, social security and pensions62€846k€671k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€71k▼
Other operating charges640/8€38k€12k▼
Non-recurring operating charges66A€14k€14k▼
Gross operating margin9900€1.27M€1.01M▼
Operating profit (loss)9901€288k€245k▼
Financial income75/76B€51k€5k▼
Recurring financial income75€51k€5k▼
Financial charges65/66B€50k€66k▲
Recurring financial charges65€50k€66k▲
Profit (loss) for the period before taxes9903€289k€183k▼
Income taxes67/77€82k€52k▼
Profit (loss) for the period9904€207k€131k▼
Profit (loss) for the period to be appropriated9905€207k€131k▼
Appropriation of the result
Profit (loss) to be appropriated9906€207k€131k▼
Transfer to equity691/2€207k€131k▼
To other reserves6921€207k€131k▼
Social balance
Average headcount (FTE)908711.89.4▼
The notes to these accounts (17 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €131k ▼36.9%
Net result drops to €131k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
31-12
Financial
Equity above €2MEq €2.13M ▲9.1%
5 profitable years in a row build equity to €2.13M.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
31-12
Financial
Highest result since 2018net €403k ▲42.2%
Operating result €597k, net result €403k, both a record.
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Hoogstraten · 1 establishment unit since 1995
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.
Putten 202320 HoogstratenGround area
8,742 m²
Building footprint
4,230 m²
Volume, LiDAR
9 m³
Parcel 13014F0256/00C000, Flanders · tallest building 2.3 m. Linked by address, not a title deed.
1 establishment unit
ARTESIO NV - The Hive
since 19952.070.829.640
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13014F0256/00C000 | Flanders | 8,742 m² | 1 · 4,230 m² | 2.3 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 to 2025 · 3 entries · 844 EUR awarded · 698 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 476 EUR | 330 EUR |
| 2023 | 1 | 308 EUR | 308 EUR |
| 2022 | 1 | 60 EUR | 60 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
7 categoriesArtesio NV30593
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SANTO COLINA
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Alken · Eq €2.62M
Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 3,279 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-01-1995
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
45212
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.