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ARTHEVA

Active
Private limited companyfounded 20233 yrs activeRue du Mont-Garni(FRY) 40, 7503 Tournai, BelgiumKBO/BCE: BE 0802.949.667
Summary

ARTHEVA has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,792 and a net result of €58,550. Equity is growing by ~85.9% per year across the filed fiscal years. Its solvency ranks better than 72% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+14
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 4.13 against 2.47 in 2024; short-term debt: 23.9% and cash: 40.7% of total assets), and 23.9% of the assets are financed with debt.
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Signals

Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
76.1%
Return on assets
41.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 05-01-2026, 207 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
207 d early
2024
61 d late
2023
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ARTHEVA was incorporated on 20 June 2023 as a Private limited company.1 Total assets rose from EUR 38,673 in 2023 to EUR 141,571 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€107,792▲ 119%
2024 · €49,242
Total assets
€141,571▲ 75.6%
2024 · €80,602
Net result
€58,550▲ 125%
2024 · €26,016
Working capital
€105,597▲ 129%
2024 · €46,074
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€27,401-€34,623▲ 26.4%€75,545▲ 118%
Net result€21,226within the sector's middle half-€26,016within the sector's middle half▲ 22.6%€58,550within the sector's middle half▲ 125%
Equity€23,226below the sector's middle half-€49,242within the sector's middle half▲ 112%€107,792within the sector's middle half▲ 119%
Total assets€38,673below the sector's middle half-€80,602below the sector's middle half▲ 108%€141,571within the sector's middle half▲ 75.6%
Debt€15,447-€31,360▲ 103%€33,779▲ 7.7%
Working capital€23,226-€46,074▲ 98.4%€105,597▲ 129%
Solvency60.1%within the sector's middle half-61.1%within the sector's middle half▲ 1.0pp76.1%within the sector's middle half▲ 15.0pp
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000€80,000Operating result 2023: €27,401€27,401Net result 2023: €21,226€21,226Operating result 2024: €34,623€34,623Net result 2024: €26,016€26,016Operating result 2025: €75,545€75,545Net result 2025: €58,550€58,550202320242025€0€20,000€40,000€60,000€80,000Operating result 2023: €27,401€27,400Net result 2023: €21,226€21,200Operating result 2024: €34,623€34,600Net result 2024: €26,016€26,000Operating result 2025: €75,545€75,500Net result 2025: €58,550€58,500202320242025
The operating result has risen two years in a row; 2025 is 118% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €141,571
Fixed assets €2,195 ▼ 30.7%
Current assets €139,376 ▲ 80.0%
Equity and liabilities €141,571
Equity €107,792 ▲ 119%
Debt €33,779 ▲ 7.7%
Debt's share of the balance-sheet total falls from 38.9% to 23.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€76,518▲
2024 · €35,259
Cash flow
€59,523▲
2024 · €26,652
Current ratio
4.13▲
2024 · 2.47
Debt to equity
0.31▼
2024 · 0.64
ROE
54.3%▲
2024 · 52.8%
ROA
41.4%▲
2024 · 32.3%
Interest coverage
391.90▼
2024 · 749.71
Debt ≤ 1 year
€33,779▲
2024 · €31,360
Income taxes
€16,934▲
2024 · €8,677
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€80,602€141,571▲
Fixed assets21/28€3,168€2,195▼
Tangible fixed assets22/27€3,168€2,195▼
Furniture and vehicles24€3,168€2,195▼
Current assets29/58€77,434€139,376▲
Amounts receivable within one year40/41€54,087€77,284▲
Trade receivables40€54,087€77,284▲
Current investments50/53-€4,500
Cash at bank and in hand54/58€23,347€57,592▲
Equity and liabilities
Total equity and liabilities10/49€80,602€141,571▲
Equity10/15€49,242€107,792▲
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€47,242€105,792▲
Amounts payable17/49€31,360€33,779▲
Amounts payable within one year42/48€31,360€33,779▲
Trade debts44€13,772€4,524▼
Suppliers440/4€13,772€4,524▼
Taxes, remuneration and social security45€17,588€23,210▲
Taxes450/3€17,588€23,210▲
Other amounts payable47/48-€6,046
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€636€973▲
Other operating charges640/8€6,541€1,021▼
Gross operating margin9900€41,799€77,539▲
Operating profit (loss)9901€34,623€75,545▲
Financial income75/76B€117€133▲
Recurring financial income75€117€133▲
Financial charges65/66B€47€195▲
Recurring financial charges65€47€195▲
Profit (loss) for the period before taxes9903€34,693€75,483▲
Income taxes67/77€8,677€16,934▲
Profit (loss) for the period9904€26,016€58,550▲
Profit (loss) for the period to be appropriated9905€26,016€58,550▲
Appropriation of the result
Profit (loss) to be appropriated9906€47,242€105,792▲
Profit (loss) brought forward from the previous period14P€21,226€47,242▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€636€973▲ 52.9%
Other operating charges640/8€384€6,541€1,021▼ 84.4%
Gross operating margin9900€27,785€41,799€77,539▲ 85.5%
Operating profit (loss)9901€27,401€34,623€75,545▲ 118%
Financial income75/76B-€117€133▲ 13.7%
Recurring financial income75-€117€133▲ 13.7%
Financial charges65/66B-€47€195▲ 315%
Recurring financial charges65-€47€195▲ 315%
Profit (loss) for the period before taxes9903€27,401€34,693€75,483▲ 118%
Income taxes67/77€6,175€8,677€16,934▲ 95.2%
Profit (loss) for the period9904€21,226€26,016€58,550▲ 125%
Profit (loss) for the period to be appropriated9905€21,226€26,016€58,550▲ 125%
Line202320242025Change
Assets
Total assets20/58€38,673€80,602€141,571▲ 75.6%
Fixed assets21/28-€3,168€2,195▼ 30.7%
Tangible fixed assets22/27-€3,168€2,195▼ 30.7%
Furniture and vehicles24-€3,168€2,195▼ 30.7%
Current assets29/58€38,673€77,434€139,376▲ 80.0%
Amounts receivable within one year40/41€24,191€54,087€77,284▲ 42.9%
Trade receivables40€24,191€54,087€77,284▲ 42.9%
Current investments50/53--€4,500-
Cash at bank and in hand54/58€14,482€23,347€57,592▲ 147%
Equity and liabilities
Total equity and liabilities10/49€38,673€80,602€141,571▲ 75.6%
Equity10/15€23,226€49,242€107,792▲ 119%
Contributions10/11€2,000€2,000€2,000=
Profit (loss) carried forward14€21,226€47,242€105,792▲ 124%
Amounts payable17/49€15,447€31,360€33,779▲ 7.7%
Amounts payable within one year42/48€15,447€31,360€33,779▲ 7.7%
Trade debts44€3,813€13,772€4,524▼ 67.2%
Suppliers440/4€3,813€13,772€4,524▼ 67.2%
Taxes, remuneration and social security45€11,634€17,588€23,210▲ 32.0%
Taxes450/3€11,634€17,588€23,210▲ 32.0%
Other amounts payable47/48--€6,046-
Line202320242025Change
Profit (loss) for the period9904€21,226€26,016€58,550▲ 125%
+ Depreciation and write-downs630-€636€973▲ 52.9%
Operating cash flow (approximation)€21,226€26,652€59,523▲ 123%
Investment in fixed assets (approximation)--€0-
Change in cash-€8,865€34,245▲ 286%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2023net €58,550 ▲125%
Operating result €75,545, net result €58,550, both a record.
31-12
Financial Equity above €100,000Eq €107,792 ▲119%
3 profitable years in a row build equity to €107,792.
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Tournai · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
855 m²
Building footprint
101 m²
Volume, LiDAR
447 m³
Parcel 57031A0142/00K000, Wallonia · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ARTHEVA
Rue du Mont-Garni(FRY) 40, 7503 TournaiCertified accountants and tax accountants
since 20232.347.314.480
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57031A0142/00K000 Wallonia 855 m² 1 · 100 m² 5.6 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,491 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded20-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID 0208:0802949667
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.