ARTGLAS
ActiveARTGLAS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222k and a net result of €32k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 78% of 7983 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+2
Solvency98▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.55 in 2024; short-term debt: 26.6% and cash: 22.1% of total assets), and 26.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
73.4%
Return on assets
10.5%
Age of the figures
9 mo
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 →
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
14 d early
2023
40 d early
2022
32 d early
2021
33 d early
2020
16 d early
2019
60 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€222k▼ 10.0%
2024 · €246k
2018: €69k
2019: €96k
2020: €153k
2021: €242k
2022: €263k
2023: €246k
2024: €246k
2018 → 2025
Total assets
€302k▼ 4.1%
2024 · €315k
2018: €329k
2019: €354k
2020: €409k
2021: €404k
2022: €388k
2023: €342k
2024: €315k
2018 → 2025
Net result
€32k▲ 14.4%
2024 · €28k
2018: €-5k
2019: €28k
2020: €56k
2021: €90k
2022: €40k
2023: €32k
2024: €28k
2018 → 2025
Working capital
€32k▼ 15.5%
2024 · €38k
2018: €-72k
2019: €-61k
2020: €-72k
2021: €43k
2022: €37k
2023: €23k
2024: €38k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€242k-€263k▲ 8.7%€246k▼ 6.6%€246k=€222k▼ 10.0%
Operating result€136k-€64k▼ 52.9%€51k▼ 20.9%€43k▼ 14.8%€49k▲ 13.4%
Net result€90k-€40k▼ 55.9%€32k▼ 18.1%€28k▼ 14.3%€32k▲ 14.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €302k
Fixed assets
€189k▼ 9.0%
Current assets
€112k▲ 5.3%
Equity and liabilities €302k
Equity
€222k▼ 10.0%
Debt
€80k▲ 16.8%
The debt ratio rises from 21.8% to 26.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€73k▲
2024 · €66k
Cash flow
€56k▲
2024 · €50k
Solvency
73.4%▼
2024 · 78.2%
Current ratio
1.40▼
2024 · 1.55
Quick ratio
1.40▼
2024 · 1.55
Debt / equity
0.36▲
2024 · 0.28
ROE
14.3%▲
2024 · 11.3%
ROA
10.5%▲
2024 · 8.8%
Interest coverage
44.08▼
2024 · 57.12
Debt
€80k▲
2024 · €69k
Debt ≤ 1 year
€80k▲
2024 · €69k
Income taxes
€16k▲
2024 · €14k
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€315k€302k▼
Fixed assets21/28€208k€189k▼
Tangible fixed assets22/27€208k€189k▼
Land and buildings22€192k€180k▼
Plant, machinery and equipment23€3k€350▼
Furniture and vehicles24€13k€9k▼
Current assets29/58€107k€112k▲
Amounts receivable after more than one year29€38k€0▼
Other amounts receivable291€38k€0▼
Amounts receivable within one year40/41€5k€44k▲
Trade receivables40€4k€398▼
Other amounts receivable41€1k€44k▲
Cash at bank and in hand54/58€61k€67k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€315k€302k▼
Equity10/15€246k€222k▼
Contributions10/11€600€600=
Reserves13€246k€221k▼
Distributable reserves133€246k€221k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€69k€80k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€69k€80k▲
Current portion of amounts payable after more than one year42€5k€0▼
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€8k€4k▼
Suppliers440/4€8k€4k▼
Taxes, remuneration and social security45€11k€17k▲
Taxes450/3€11k€17k▲
Other amounts payable47/48€44k€56k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€24k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€70k€77k▲
Operating profit (loss)9901€43k€49k▲
Financial income75/76B€100€369▲
Recurring financial income75€100€369▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€42k€48k▲
Income taxes67/77€14k€16k▲
Profit (loss) for the period9904€28k€32k▲
Profit (loss) for the period to be appropriated9905€28k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€32k▲
Transfer from equity791/2€28k€56k▲
Transfer to equity691/2€28k€32k▲
To other reserves6921€28k€32k▲
Profit to be distributed694/7€28k€56k▲
Return on contributions (dividend)694€28k€56k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (11 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €90k ▲59%
Operating result €136k, net result €90k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.41
Current ratio from 0.56 to 1.41; short-term debt falls from €162k to €106k.
31-12
Financial
Equity above €200kEq €242k ▲58.7%
3 profitable years in a row build equity to €242k.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €153k ▲58.5%
2 profitable years in a row build equity to €153k.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Tongeren-Borgloon · 1 establishment unit since 2002
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.
Neremstraat 2763700 Tongeren-BorgloonGround area
1.5 ha
Building footprint
306 m²
Volume, LiDAR
3,627 m³
Parcel 73059A0861/00C012, Flanders · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Neremstraat 276, 3700 Tongeren-Borgloon
since 20022.114.356.411
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73059A0861/00C012 | Flanders | 1.5 ha | 1 · 306 m² | 13.6 m · 4 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.
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Of 1,803 companies in sector 46831 we hold annual accounts for 1,397. 960 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-06-2002
Fiscal year end31-12
Activities, NACEBEL
46831Wholesale of construction materials, general range
51532
43343Specialised construction activities
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:011/81.75.78