ArtFabric
ActiveArtFabric has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36k and a net result of €-21k. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 2465 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability14▲+6
Solvency32▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.11 against 0.17 in 2023; short-term debt: 89.2% and cash: 3.5% of total assets), and 93.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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
6.5%
Return on assets
-3.9%
Age of the figures
21 mo
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 · 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
192021222324
2019 to 2024 · latest year €-21k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2465 sector peers (2024).
NBB · sector comparisonPosition among 2465 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
31 d late
2023
61 d late
2022
152 d late
2021
99 d late
2020
153 d late
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€36k▼ 37.3%
2023 · €57k
2019: €101k
2020: €84k
2021: €74k
2022: €69k
2023: €57k
2019 → 2024
Total assets
€550k▼ 5.1%
2023 · €580k
2019: €560k
2020: €544k
2021: €578k
2022: €543k
2023: €580k
2019 → 2024
Net result
€-21k▲ 55.3%
2023 · €-48k
2019: €30k
2020: €-17k
2021: €-10k
2022: €-5k
2023: €-48k
2019 → 2024
Working capital
€-437k▼ 7.4%
2023 · €-407k
2019: €-400k
2020: €-411k
2021: €-421k
2022: €-427k
2023: €-407k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€84k-€74k▼ 11.8%€69k▼ 6.7%€57k▼ 17.0%€36k▼ 37.3%
Operating result€-15k-€-10k▲ 34.7%€-4k▲ 55.4%€-47k▼ 974%€-21k▲ 54.9%
Net result€-17k-€-10k▲ 40.7%€-5k▲ 50.2%€-48k▼ 873%€-21k▲ 55.3%
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 €21k in 2024 against €47k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €550k
Fixed assets
€497k▲ 0.2%
Current assets
€54k▼ 36.2%
Equity and liabilities €550k
Equity
€36k▼ 37.3%
Debt
€514k▼ 1.5%
The debt ratio rises from 90.1% to 93.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-21k▲
2023 · €-47k
Cash flow
€-21k▲
2023 · €-48k
Solvency
6.5%▼
2023 · 9.9%
Current ratio
0.11▼
2023 · 0.17
Quick ratio
0.11▼
2023 · 0.17
Debt / equity
14.29▲
2023 · 9.09
ROE
-59.6%▲
2023 · -83.6%
ROA
-3.9%▲
2023 · -8.3%
Interest coverage
-306.80▲
2023 · -312.99
Debt
€514k▼
2023 · €522k
Debt ≤ 1 year
€491k=
2023 · €491k
Debt > 1 year
€23k▼
2023 · €31k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€580k€550k▼
Fixed assets21/28€496k€497k▲
Intangible fixed assets21€450k€450k=
Tangible fixed assets22/27€844€2k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€844€360▼
Financial fixed assets28€45k€45k=
Current assets29/58€84k€54k▼
Amounts receivable within one year40/41€63k€34k▼
Trade receivables40-€10k
Other amounts receivable41€63k€24k▼
Cash at bank and in hand54/58€20k€19k▼
Deferred charges and accrued income490/1€476€476=
Equity and liabilities
Total equity and liabilities10/49€580k€550k▼
Equity10/15€57k€36k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€95k€95k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€94k€94k=
Profit (loss) carried forward14€-57k€-78k▼
Amounts payable17/49€522k€514k▼
Amounts payable after more than one year17€31k€23k▼
Financial debts170/4€31k€23k▼
Amounts payable within one year42/48€491k€491k=
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Other amounts payable47/48€485k€483k▼
Accrued charges and deferred income492/3€565€565=
Income statement
Code20232024
Non-recurring operating income76A€300-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€484€734▲
Other operating charges640/8€997€2k▲
Gross operating margin9900€-46k€-19k▲
Operating profit (loss)9901€-47k€-21k▲
Financial charges65/66B€150€67▼
Recurring financial charges65€150€67▼
Profit (loss) for the period before taxes9903€-48k€-21k▲
Income taxes67/77€402-
Profit (loss) for the period9904€-48k€-21k▲
Profit (loss) for the period to be appropriated9905€-48k€-21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-78k▼
Profit (loss) brought forward from the previous period14P€-9k€-57k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 152 days late
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 99 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 149 days late
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 291 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
2015
17-11
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 109 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hulshout · 1 establishment unit since 2006
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.
Torenerf 122235 HulshoutGround area
846 m²
Building footprint
187 m²
Volume, LiDAR
1,189 m³
Parcel 13016D0044/00K000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Artfabric
since 20062.158.110.933
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13016D0044/00K000 | Flanders | 846 m² | 1 · 187 m² | 9.3 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 · 6,205 EUR awarded · 6,205 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 6,205 EUR | 6,205 EUR |
Schemes
Vlaams beschermingsmechanisme 12 (stopgezet)
Similar companies · same sector, comparable size
Sounds like
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A Vapps
BE 0533.721.021
Gent · Eq €36k
WAFFLE PRODUCTIONS
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Oostende · Eq €36k
Renar Events
BE 0809.747.189
Vorst · Eq €36k
PLUGGED IN
BE 0524.677.948
Koekelare · Eq €36k
Of 3,398 companies in sector 90393 we hold annual accounts for 940. 714 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-07-2006
Fiscal year end31-12
Activities, NACEBEL
90393Specialised image, lighting and sound technical services
92313
74878
74901Other professional, scientific and technical activities
74991Agents and managers of artists, athletes and other public figures
90311Arts creation and performing arts activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 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.