Arthenem
ActiveArthenem has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €157k and a net result of €-7k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 84% of 7690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-68
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 6.55 against 5.74 in 2024), and 15.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
36 d early
2023
27 d late
2022
32 d late
2021
23 d early
2020
22 d early
2019
42 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€157k▼ 4.5%
2024 · €165k
2018: €84k
2019: €91k
2020: €95k
2021: €106k
2022: €127k
2023: €142k
2024: €165k
2018 → 2025
Total assets
€186k▼ 5.7%
2024 · €197k
2018: €99k
2019: €105k
2020: €112k
2021: €141k
2022: €159k
2023: €174k
2024: €197k
2018 → 2025
Net result
€-7k
2024 · €22k
2018: €9k
2019: €8k
2020: €4k
2021: €11k
2022: €21k
2023: €15k
2024: €22k
2018 → 2025
Working capital
€138k▲ 1.5%
2024 · €136k
2018: €73k
2019: €87k
2020: €90k
2021: €99k
2022: €121k
2023: €106k
2024: €136k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€127k▲ 19.5%€142k▲ 12.1%€165k▲ 15.7%€157k▼ 4.5%
Operating result€16k-€29k▲ 76.8%€23k▼ 19.9%€25k▲ 5.0%€-11k
Net result€11k-€21k▲ 81.9%€15k▼ 25.7%€22k▲ 45.2%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €25k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186k
Fixed assets
€23k▼ 28.6%
Current assets
€163k▼ 1.1%
Equity and liabilities €186k
Equity
€157k▼ 4.5%
Debt
€29k▼ 11.3%
The debt ratio falls from 16.4% to 15.4%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-1k▼
2024 · €34k
Cash flow
€2k▼
2024 · €32k
Solvency
84.6%▲
2024 · 83.6%
Current ratio
6.55▲
2024 · 5.74
Quick ratio
6.55▲
2024 · 5.74
Debt / equity
0.18▼
2024 · 0.20
ROE
-4.8%▼
2024 · 13.6%
ROA
-4.0%▼
2024 · 11.3%
Interest coverage
-0.85▼
2024 · 18.51
Debt
€29k▼
2024 · €32k
Debt ≤ 1 year
€25k▼
2024 · €29k
Income taxes
€252▼
2024 · €11k
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€197k€186k▼
Fixed assets21/28€33k€23k▼
Tangible fixed assets22/27€33k€23k▼
Plant, machinery and equipment23€27k€19k▼
Furniture and vehicles24€2k€838▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€165k€163k▼
Amounts receivable after more than one year29€70k€70k=
Other amounts receivable291€70k€70k=
Amounts receivable within one year40/41€32k€33k▲
Trade receivables40€19k€20k▲
Other amounts receivable41€13k€13k▼
Cash at bank and in hand54/58€49k€51k▲
Deferred charges and accrued income490/1€13k€9k▼
Equity and liabilities
Total equity and liabilities10/49€197k€186k▼
Equity10/15€165k€157k▼
Contributions10/11€6k€6k=
Reserves13€159k€151k▼
Distributable reserves133€159k€151k▼
Amounts payable17/49€32k€29k▼
Amounts payable within one year42/48€29k€25k▼
Trade debts44€6k€8k▲
Suppliers440/4€6k€8k▲
Taxes, remuneration and social security45€21k€15k▼
Taxes450/3€17k€15k▼
Remuneration and social security454/9€4k-
Other amounts payable47/48€1k€2k▲
Accrued charges and deferred income492/3€4k€4k▲
Income statement
Code20242025
Non-recurring operating income76A-€500
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€5k€8k▲
Gross operating margin9900€39k€6k▼
Operating profit (loss)9901€25k€-11k▼
Financial income75/76B€11k€5k▼
Recurring financial income75€11k€5k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€33k€-7k▼
Income taxes67/77€11k€252▼
Profit (loss) for the period9904€22k€-7k▼
Profit (loss) for the period to be appropriated9905€22k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€-7k▼
Transfer from equity791/2-€7k
Transfer to equity691/2€22k-
To other reserves6921€22k-
The notes to these accounts (4 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
12-08
State Gazette act
General meeting · Director appointment
Permanent representative · Power of attorney
2025
31-12
Financial
Weakest financial yearnet €-7k ▼133%
Net result drops to €-7k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €22k ▲45.2%
Net result €22k, the highest in the series.
31-12
Financial
Equity above €150kEq €165k ▲15.7%
7 profitable years in a row build equity to €165k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €106k ▲12%
4 profitable years in a row build equity to €106k.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Holsbeek · 1 establishment unit since 2011
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.
Benedenstraat 93220 HolsbeekGround area
638 m²
Building footprint
176 m²
Volume, LiDAR
955 m³
Parcel 24056D0112/00D000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Benedenstraat 9, 3220 Holsbeek
since 20112.201.874.462
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24056D0112/00D000 | Flanders | 638 m² | 1 · 176 m² | 7.5 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.
Structure & network
Ownership & control
1 partyArthenemBE 0837.602.027
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 24,419 companies in sector 82990 we hold annual accounts for 9,359. 7,071 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2011
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
64200Holdings
64210Activities of holding companies
90201Performing arts by independent artists
90021Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.