arteVelum
ActiveThe annual accounts of arteVelum for fiscal year 2025 show a net loss of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €69k and a net result of €-166k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 14% of 7955 sector peers (fiscal year 2025). The company has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▼-3
Solvency29▼-21
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.34 against 0.63 in 2024; short-term debt: 62.8% and cash: 2.7% of total assets), and 96% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-166k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7955 sector peers (2025).
NBB · sector comparisonPosition among 7955 sector peers
Solvency
better than 14%
← weakest
strongest →
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 16-03-2026, 137 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
137 d early
2024
31 d early
2023
43 d early
2022
40 d early
2021
31 d early
2020
37 d early
2019
31 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€69k▼ 70.8%
2024 · €235k
2018: €289k
2019: €299k
2020: €242k
2021: €297k
2022: €292k
2023: €301k
2024: €235k
2018 → 2025
Total assets
€1.73M▲ 87.4%
2024 · €924k
2018: €947k
2019: €928k
2020: €951k
2021: €959k
2022: €1.03M
2023: €978k
2024: €924k
2018 → 2025
Net result
€-166k▼ 152%
2024 · €-66k
2018: €-15k
2019: €10k
2020: €-58k
2021: €55k
2022: €-5k
2023: €9k
2024: €-66k
2018 → 2025
Working capital
€-715k▼ 179%
2024 · €-257k
2018: €-124k
2019: €-147k
2020: €-184k
2021: €-187k
2022: €-214k
2023: €-198k
2024: €-257k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€297k-€292k▼ 1.6%€301k▲ 3.0%€235k▼ 22.0%€69k▼ 70.8%
Operating result€70k-€49▼ 99.9%€16k▲ 31,939%€-57k€-145k▼ 154%
Net result€55k-€-5k€9k€-66k€-166k▼ 152%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €145k in 2025 against €57k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.73M
Fixed assets
€1.36M▲ 176%
Current assets
€372k▼ 13.9%
Equity and liabilities €1.73M
Equity
€69k▼ 70.8%
Debt
€1.66M▲ 141%
The debt ratio rises from 74.6% to 96.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-88k▼
2024 · €-25k
Cash flow
€-109k▼
2024 · €-34k
Solvency
4.0%▼
2024 · 25.4%
Current ratio
0.34▼
2024 · 0.63
Quick ratio
0.12▼
2024 · 0.27
Debt / equity
24.22▲
2024 · 2.93
ROE
-242.5%▼
2024 · -28.1%
ROA
-9.6%▼
2024 · -7.2%
Interest coverage
-4.21▼
2024 · -2.91
Debt
€1.66M▲
2024 · €689k
Debt ≤ 1 year
€1.09M▲
2024 · €689k
Debt > 1 year
€575k
Income taxes
€419▼
2024 · €669
Staff costs
€471k▼
2024 · €509k
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€924k€1.73M▲
Fixed assets21/28€492k€1.36M▲
Intangible fixed assets21€11k€8k▼
Tangible fixed assets22/27€64k€951k▲
Land and buildings22€47k€938k▲
Plant, machinery and equipment23€4k€6k▲
Furniture and vehicles24€9k€1k▼
Other tangible fixed assets26€4k€6k▲
Financial fixed assets28€417k€400k▼
Current assets29/58€432k€372k▼
Stocks and contracts in progress3€247k€242k▼
Stocks30/36€92k€89k▼
Contracts in progress37€155k€153k▼
Amounts receivable within one year40/41€152k€76k▼
Trade receivables40€152k€76k▼
Other amounts receivable41-€151
Cash at bank and in hand54/58€26k€46k▲
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€924k€1.73M▲
Equity10/15€235k€69k▼
Contributions10/11€20k€20k=
Reserves13€532k€532k=
Distributable reserves133€532k€532k=
Profit (loss) carried forward14€-317k€-483k▼
Amounts payable17/49€689k€1.66M▲
Amounts payable after more than one year17-€575k
Financial debts170/4-€575k
Amounts payable within one year42/48€689k€1.09M▲
Current portion of amounts payable after more than one year42€75k€114k▲
Trade debts44€82k€97k▲
Suppliers440/4€82k€97k▲
Taxes, remuneration and social security45€47k€41k▼
Taxes450/3€17k€12k▼
Remuneration and social security454/9€30k€29k▼
Other amounts payable47/48€485k€836k▲
Income statement
Code20242025
Remuneration, social security and pensions62€509k€471k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€57k▲
Other operating charges640/8€8k€8k▲
Gross operating margin9900€491k€392k▼
Operating profit (loss)9901€-57k€-145k▼
Financial income75/76B€315€122▼
Recurring financial income75€315€122▼
Financial charges65/66B€9k€21k▲
Recurring financial charges65€9k€21k▲
Profit (loss) for the period before taxes9903€-65k€-166k▼
Income taxes67/77€669€419▼
Profit (loss) for the period9904€-66k€-166k▼
Profit (loss) for the period to be appropriated9905€-66k€-166k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-317k€-483k▼
Profit (loss) brought forward from the previous period14P€-251k€-317k▼
Social balance
Average headcount (FTE)908711.29.0▼
The notes to these accounts (13 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
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-166k
Net result drops to €-166k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
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
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
11-01-2024
NOOYENS Bart: Resigned as Director
14-06-2013
NOOYENS Leo Louis Louisa: Resigned as Manager
29-12-2003
NOOYENS Leo: Resigned as Manager
Location & real-estate footprint
Registered office, Ravels · 1 establishment unit since 2022
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.
Mierdsedijk 662382 RavelsGround area
129 m²
Building footprint
129 m²
Volume, LiDAR
662 m³
Parcel 13033C0421/00F011, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
arteVelum
since 20222.337.112.456
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13033C0421/00F011 | Flanders | 129 m² | 1 · 129 m² | 8.6 m · 2 fl. |
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 · 1 entry · 2,343 EUR awarded · 2,343 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,343 EUR | 2,343 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 687 companies in sector 46412 we hold annual accounts for 517. 365 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-03-1981
Fiscal year end31-12
Activities, NACEBEL
46412Wholesale of household textiles and bedding
47530Retail trade
51410
47512Retail sale of household textiles and bedding
52410
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.