ARTIBULLES
ActiveSummary
The computed 12-month bankruptcy probability of ARTIBULLES is 2.4% (moderate). The 2025 annual accounts show equity of €86k and a net result of €12k. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 9494 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+17
Solvency100▲+13
Growth32=
Track record78
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 5.81 against 2.55 in 2024; short-term debt: 16.9% and cash: 17.5% of total assets), and 16.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Nine 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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 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
83.1%
Return on assets
11.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €86k
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 · 5 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
29 d early
2022
36 d early
2021
35 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Checked, nothing found (1)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€86k▲ 15.9%
2024 · €74k
Total assets
€103k▼ 13.2%
2024 · €119k
Net result
€12k▲ 90.9%
2024 · €6k
Working capital
€84k▲ 20.8%
2024 · €69k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€195k-€82k▼ 58.0%€-30k€10k€13k▲ 34.8%
Net result€140k-€65k▼ 53.6%€-33k€6k€12k▲ 90.9%
Equity€101k-€166k▲ 64.3%€68k▼ 59.1%€74k▲ 9.1%€86k▲ 15.9%
Total assets€215k-€262k▲ 22.3%€120k▼ 54.3%€119k▼ 0.7%€103k▼ 13.2%
Debt€114k-€97k▼ 15.1%€52k▼ 46.1%€45k▼ 13.5%€17k▼ 61.2%
Working capital€98k-€154k▲ 56.6%€59k▼ 61.6%€69k▲ 17.8%€84k▲ 20.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103k
Fixed assets
€2k ▼ 57.9%
Current assets
€101k ▼ 11.4%
Equity and liabilities €103k
Equity
€86k ▲ 15.9%
Debt
€17k ▼ 61.2%
Debt's share of the balance-sheet total falls from 37.8% to 16.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▲
2024 · €14k
Cash flow
€14k▲
2024 · €11k
Current ratio
5.81▲
2024 · 2.55
Debt to equity
0.20▼
2024 · 0.61
ROE
13.7%▲
2024 · 8.3%
ROA
11.4%▲
2024 · 5.2%
Interest coverage
3.72▲
2024 · 2.62
Debt ≤ 1 year
€17k▼
2024 · €45k
Income taxes
€149▼
2024 · €160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €949 | €3k | €5k | €4k | €3k | ▼ 39.3% |
| Other operating charges640/8 | €3k | €456 | €365 | €899 | €739 | ▼ 17.8% |
| Gross operating margin9900 | €198k | €85k | €-25k | €15k | €16k | ▲ 10.1% |
| Operating profit (loss)9901 | €195k | €82k | €-30k | €10k | €13k | ▲ 34.8% |
| Financial income75/76B | €614 | €2k | €2k | €2k | €3k | ▲ 54.4% |
| Recurring financial income75 | €589 | €2k | €2k | €2k | €3k | ▲ 54.4% |
| Non-recurring financial income76B | €25 | - | €31 | - | - | - |
| Financial charges65/66B | €524 | €2k | €5k | €5k | €4k | ▼ 21.3% |
| Recurring financial charges65 | €514 | €2k | €5k | €5k | €4k | ▼ 21.3% |
| Non-recurring financial charges66B | €10 | €115 | €1 | - | - | - |
| Profit (loss) for the period before taxes9903 | €195k | €82k | €-33k | €6k | €12k | ▲ 88.5% |
| Income taxes67/77 | €55k | €17k | €171 | €160 | €149 | ▼ 7.1% |
| Profit (loss) for the period9904 | €140k | €65k | €-33k | €6k | €12k | ▲ 90.9% |
| Profit (loss) for the period to be appropriated9905 | €140k | €65k | €-33k | €6k | €12k | ▲ 90.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €215k | €262k | €120k | €119k | €103k | ▼ 13.2% |
| Fixed assets21/28 | €3k | €12k | €9k | €5k | €2k | ▼ 57.9% |
| Tangible fixed assets22/27 | €3k | €12k | €9k | €5k | €2k | ▼ 57.9% |
| Plant, machinery and equipment23 | €3k | €12k | €9k | €5k | €2k | ▼ 57.9% |
| Current assets29/58 | €212k | €250k | €111k | €114k | €101k | ▼ 11.4% |
| Amounts receivable after more than one year29 | - | €37k | €37k | €37k | €37k | = |
| Other amounts receivable291 | - | €37k | €37k | €37k | €37k | = |
| Amounts receivable within one year40/41 | €77k | €100k | €33k | €68k | €46k | ▼ 31.5% |
| Trade receivables40 | €68k | €60k | €22k | €49k | €1k | ▼ 97.8% |
| Other amounts receivable41 | €9k | €40k | €11k | €19k | €45k | ▲ 140% |
| Cash at bank and in hand54/58 | €134k | €112k | €35k | €10k | €18k | ▲ 83.9% |
| Deferred charges and accrued income490/1 | €335 | €896 | €7k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €215k | €262k | €120k | €119k | €103k | ▼ 13.2% |
| Equity10/15 | €101k | €166k | €68k | €74k | €86k | ▲ 15.9% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €98k | €98k | €98k | €98k | €98k | = |
| Distributable reserves133 | €98k | €98k | €98k | €98k | €98k | = |
| Profit (loss) carried forward14 | - | €65k | €-33k | €-27k | €-15k | ▲ 43.8% |
| Amounts payable17/49 | €114k | €97k | €52k | €45k | €17k | ▼ 61.2% |
| Amounts payable within one year42/48 | €114k | €97k | €52k | €45k | €17k | ▼ 61.2% |
| Trade debts44 | €16k | €19k | €32k | €37k | €12k | ▼ 66.3% |
| Suppliers440/4 | €16k | €19k | €32k | €37k | €12k | ▼ 66.3% |
| Taxes, remuneration and social security45 | €68k | €77k | €18k | €5k | €5k | ▲ 4.8% |
| Taxes450/3 | €67k | €73k | €17k | €334 | €149 | ▼ 55.4% |
| Remuneration and social security454/9 | €880 | €5k | €656 | €4k | €5k | ▲ 9.3% |
| Other amounts payable47/48 | €29k | - | €2k | €3k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €140k | €65k | €-33k | €6k | €12k | ▲ 90.9% |
| + Depreciation and write-downs630 | €949 | €3k | €5k | €4k | €3k | ▼ 39.3% |
| Operating cash flow (approximation) | €141k | €68k | €-28k | €11k | €14k | ▲ 37.2% |
| Investment in fixed assets (approximation) | - | €-12k | €-2k | €0 | €0 | - |
| Change in cash | - | €-22k | €-78k | €-25k | €8k | ▲ 133% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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
2025
31-12
Financial
Liquidity doublescurrent ratio 5.81
Current ratio from 2.55 to 5.81; short-term debt falls from €45k to €17k.
31-10
KBO administration
Address strikeout annulled
27-10
KBO administration
Address struck
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €166k ▲64.3%
2 profitable years in a row build equity to €166k.
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Ukkel · 1 establishment unit since 2020
Ground area
1,410 m²
Building footprint
493 m²
Volume, LiDAR
4,663 m³
2 parcels, Brussels, Wallonia · tallest building 17.1 m, ±3 floors. Linked by address, not a title deed.
343
companies at this address
See who is registered here
1 establishment unit
ARTIBULLES
since 20202.307.940.992
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53042B0119/00Z004 | Wallonia | 1,064 m² | 1 · 164 m² | 10.8 m · 3 fl. |
| 21616A0121/00Y002 | Brussels | 347 m² | 1 · 329 m² | 17.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 5,201 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
Founded05-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
62100Computer programming
72109Other research and development on natural sciences
73300Public relations and communication consultancy
74120Graphic design and visual communication
Contact
Website
www.artibulles.com
E-mail
shareholders@artibulles.com
Scores and ratios are computed by Checked and are not a credit decision.