ARTICLE PREMIER

Active

Private limited companyfounded 199333 yrs activeJoseph Stallaertstraat 7, 1050 Elsene, BelgiumKBO/BCE: BE 0450.690.704

Summary

The computed 12-month bankruptcy probability of ARTICLE PREMIER is 1.6% (moderate). The 2025 annual accounts show equity of €23k and a net result of €-3k. Equity remains stable across the filed fiscal years (±0.6% per year). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

54 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability5▼-75

Solvency100=

Growth32▼-26

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity ample (current ratio 3.67 against 2.27 in 2024; short-term debt: 9.2% and cash: 0.1% of total assets), and 9.2% of the assets are financed with debt.

How do we compute the score and the probability?

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

90.8%

Return on assets

-11.3%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

22 d early

2024

30 d early

2023

26 d late

2022

24 d early

2021

30 d late

2020

19 d late

2019

7 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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

24-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-3k

2024 · €3k

2018: €1k 2019: €2k 2020: €2k 2021: €452 2022: €3k 2023: €2k 2024: €3k

2018 → 2025

Working capital

€6k▼ 14.7%

2024 · €7k

2018: €-1k 2019: €2k 2020: €-2k 2021: €395 2022: €2k 2023: €6k 2024: €7k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€23k-€25k▲ 12.6%€27k▲ 7.8%€26k▼ 4.0%€23k▼ 11.1%

Operating result€755-€4k▲ 429%€3k▼ 29.9%€4k▲ 44.5%€-3k

Net result€452-€3k▲ 533%€2k▼ 30.7%€3k▲ 47.1%€-3k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €3k after €4k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €26k

66.1%

33.9%

Fixed assets €17k ▼ 9.6%

Current assets €9k ▼ 34.3%

Equity and liabilities €26k

90.8%

Equity €23k ▼ 11.1%

Debt €2k ▼ 59.3%

Debt's share of the balance-sheet total falls from 18.2% to 9.2%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-904▼

2024 · €6k

Cash flow

€-1k▼

2024 · €5k

Current ratio

3.67▲

2024 · 2.27

Debt to equity

0.10▼

2024 · 0.22

ROE

-12.4%▼

2024 · 11.0%

ROA

-11.3%▼

2024 · 9.0%

Interest coverage

-4.75▼

2024 · 38.89

Debt ≤ 1 year

€2k▼

2024 · €6k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines

Balance sheet Code20242025

Assets

Total assets20/58€32k€26k▼

Fixed assets21/28€19k€17k▼

Tangible fixed assets22/27€19k€17k▼

Land and buildings22€18k€16k▼

Plant, machinery and equipment23€1k€662▼

Financial fixed assets28€30€30=

Current assets29/58€13k€9k▼

Amounts receivable within one year40/41€6k€9k▲

Other amounts receivable41€6k€9k▲

Cash at bank and in hand54/58€7k€27▼

Equity and liabilities

Total equity and liabilities10/49€32k€26k▼

Equity10/15€26k€23k▼

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€6k€3k▼

Amounts payable17/49€6k€2k▼

Amounts payable within one year42/48€6k€2k▼

Trade debts44€860€2k▲

Suppliers440/4€860€2k▲

Taxes, remuneration and social security45€975-

Taxes450/3€975-

Other amounts payable47/48€4k-

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼

Other operating charges640/8€1k€1k▲

Gross operating margin9900€8k€449▼

Operating profit (loss)9901€4k€-3k▼

Financial charges65/66B€161€190▲

Recurring financial charges65€161€190▲

Profit (loss) for the period before taxes9903€4k€-3k▼

Income taxes67/77€975-

Profit (loss) for the period9904€3k€-3k▼

Profit (loss) for the period to be appropriated9905€3k€-3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€10k€3k▼

Profit (loss) brought forward from the previous period14P€7k€6k▼

Profit to be distributed694/7€4k-

Return on contributions (dividend)694€4k-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

09-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-3k ▼200%

Net result drops to €-3k, the lowest in the series.

01-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2018net €3k ▲47.1%

Operating result €4k, net result €3k, both a record.

26-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 26 days late

2023

31-12

Financial Liquidity doublescurrent ratio 5.50

Current ratio from 2.60 to 5.50.

07-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Liquidity doublescurrent ratio 2.60

Current ratio from 1.19 to 2.60; short-term debt falls from €2k to €1k.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

19-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 19 days late

2020

07-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 7 days late

2019

31-12

Financial Liquidity triplescurrent ratio 2.11

Current ratio from 0.79 to 2.11; short-term debt falls from €7k to €2k.

Show earlier events

02-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 2 days late

2018

12-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

04-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB 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, Elsene · 1 establishment unit since 1993

establishment The establishment unit on the map

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.

Joseph Stallaertstraat 71050 Elsene

Ground area

4,313 m²

Building footprint

1,174 m²

Volume, LiDAR

20,972 m³

2 parcels, Brussels · tallest building 28.9 m, ±9 floors. Linked by address, not a title deed.

1 establishment unit

Overwinningsstraat 194, 1060 Sint-Gillis (bij-Brussel)

Real estate development

since 19932.063.948.380

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21447B0309/00C020 ProtectedMonumentVoormalig Chirurgisch Instituut van Dokter Depage en voormalig Nationaal Instituut van het BloedSource ↗	Brussels	4,192 m²	1 · 1,055 m²	21.2 m · 6 fl.
21013B0335/00A008	Brussels	121 m²	1 · 119 m²	28.9 m · 9 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded10-08-1993

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers

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