ARTIELEC
ActiveARTIELEC has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €624k and a net result of €143k. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+1
Solvency60▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.86 in 2024; short-term debt: 26.5% and cash: 10.9% of total assets), and 64.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
35.2%
Return on assets
8.1%
Age of the figures
9 mo
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 18-08-2026, 18 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
18 d late
2024
28 d late
2023
49 d late
2022
31 d late
2021
31 d late
2020
11 d late
2019
61 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€624k▼ 8.3%
2024 · €680k
2018: €113k
2019: €139k
2020: €144k
2021: €231k
2022: €435k
2023: €559k
2024: €680k
2018 → 2025
Total assets
€1.77M▲ 13.2%
2024 · €1.57M
2018: €387k
2019: €386k
2020: €381k
2021: €865k
2022: €1.22M
2023: €1.51M
2024: €1.57M
2018 → 2025
Net result
€143k▲ 17.9%
2024 · €122k
2018: €15k
2019: €27k
2020: €23k
2021: €87k
2022: €204k
2023: €124k
2024: €122k
2018 → 2025
Working capital
€218k▼ 22.9%
2024 · €283k
2018: €15k
2019: €41k
2020: €-6k
2021: €69k
2022: €282k
2023: €217k
2024: €283k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€231k-€435k▲ 88.0%€559k▲ 28.4%€680k▲ 21.8%€624k▼ 8.3%
Operating result€125k-€325k▲ 160%€195k▼ 40.1%€198k▲ 1.6%€238k▲ 20.1%
Net result€87k-€204k▲ 133%€124k▼ 39.2%€122k▼ 1.6%€143k▲ 17.9%
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 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.77M
Fixed assets
€1.09M▲ 13.8%
Current assets
€688k▲ 12.4%
Equity and liabilities €1.77M
Equity
€624k▼ 8.3%
Debt
€1.15M▲ 29.8%
The debt ratio rises from 56.6% to 64.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€367k▲
2024 · €298k
Cash flow
€273k▲
2024 · €222k
Solvency
35.2%▼
2024 · 43.4%
Current ratio
1.46▼
2024 · 1.86
Quick ratio
1.32▼
2024 · 1.65
Debt / equity
1.84▲
2024 · 1.30
ROE
23.0%▲
2024 · 17.9%
ROA
8.1%▲
2024 · 7.8%
Interest coverage
16.64▼
2024 · 19.46
Debt
€1.15M▲
2024 · €886k
Debt ≤ 1 year
€470k▲
2024 · €329k
Debt > 1 year
€653k▲
2024 · €557k
Income taxes
€72k▲
2024 · €61k
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€1.57M€1.77M▲
Fixed assets21/28€954k€1.09M▲
Tangible fixed assets22/27€922k€1.05M▲
Land and buildings22€843k€1.03M▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€19k€13k▼
Other tangible fixed assets26€3k€2k▼
Assets under construction and advance payments27€53k-
Financial fixed assets28€32k€32k=
Current assets29/58€612k€688k▲
Stocks and contracts in progress3€70k€70k▼
Stocks30/36€70k€70k▼
Amounts receivable within one year40/41€113k€419k▲
Trade receivables40€38k€308k▲
Other amounts receivable41€75k€112k▲
Cash at bank and in hand54/58€424k€194k▼
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.57M€1.77M▲
Equity10/15€680k€624k▼
Contributions10/11€8k€8k=
Reserves13€440k€380k▼
Distributable reserves133€440k€380k▼
Profit (loss) carried forward14€232k€236k▲
Amounts payable17/49€886k€1.15M▲
Amounts payable after more than one year17€557k€653k▲
Financial debts170/4€557k€653k▲
Amounts payable within one year42/48€329k€470k▲
Current portion of amounts payable after more than one year42€51k€57k▲
Trade debts44€21k€26k▲
Suppliers440/4€21k€26k▲
Advances received on contracts in progress46€19k€1k▼
Taxes, remuneration and social security45€237k€185k▼
Taxes450/3€237k€185k▼
Other amounts payable47/48€2k€201k▲
Accrued charges and deferred income492/3€12€27k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€129k▲
Other operating charges640/8€6k€15k▲
Gross operating margin9900€305k€382k▲
Operating profit (loss)9901€198k€238k▲
Financial charges65/66B€15k€22k▲
Recurring financial charges65€15k€22k▲
Profit (loss) for the period before taxes9903€183k€216k▲
Income taxes67/77€61k€72k▲
Profit (loss) for the period9904€122k€143k▲
Profit (loss) for the period to be appropriated9905€122k€143k▲
Appropriation of the result
Profit (loss) to be appropriated9906€352k€376k▲
Profit (loss) brought forward from the previous period14P€230k€232k▲
Transfer from equity791/2€2k€200k▲
Transfer to equity691/2€122k€140k▲
To contributions691€2k-
To other reserves6921€120k€140k▲
Profit to be distributed694/7-€200k
Return on contributions (dividend)694-€200k
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial
Equity above €500kEq €559k ▲28.4%
6 profitable years in a row build equity to €559k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €204k ▲133%
Operating result €325k, net result €204k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 1.79
Current ratio from 0.82 to 1.79.
31-12
Financial
Equity above €200kEq €231k ▲60.6%
4 profitable years in a row build equity to €231k.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 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, Theux · 1 establishment unit since 2007
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.
Rue Alphonse Collette 634910 TheuxGround area
580 m²
Building footprint
184 m²
Volume, LiDAR
1,694 m³
Parcel 63060C0178/00G000, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ARTIELEC
since 20072.166.552.309
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63060C0178/00G000 | Wallonia | 580 m² | 1 · 184 m² | 11.8 m · 3 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 82,569 companies in sector 70200 we hold annual accounts for 52,573. 32,719 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-09-2007
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.