ARTIFACTS
ActiveSummary
ARTIFACTS has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €211,099 and a net result of €5,734. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 70% of 22,581 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €211,099
- Profit
- €5,734
- LOECKX Natan Gil Lutgarde SergeDirector
Why 93raises riskSector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 2.32, cash €115,163Equity €211,099 (56.8% of total assets)Figures for financial year 2025 (filed 22-05-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 70% on solvency, 74% on liquidity, 53% on profitability and 47% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 12 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet €2,475 ▼92%
Financials · financial year 2025, micro format
2025 annual accounts filed late (22 days) Filed on 22 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00118517.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen three years in a row; 2025 is 55% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 10,904 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,334 | €5,334 | €5,334 | €5,334 | €5,334 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €525 | €459 | €383 | €331 | €945 | ▲ 185% |
| Gross operating margin9900 | €34,141 | €23,749 | €54,528 | €112,305 | €56,829 | €27,733 | €10,768 | ▼ 61.2% |
| Operating profit (loss)9901 | €33,983 | €17,423 | €48,669 | €106,512 | €51,112 | €22,068 | €9,824 | ▼ 55.5% |
| Financial income75/76B | - | - | €169 | €79 | €135 | €368 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €169 | €79 | €135 | €368 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €4,547 | €633 | €7,439 | €14,960 | €421 | ▼ 97.2% |
| Recurring financial charges65 | €2,060 | €126 | €4,547 | €633 | €7,439 | €14,960 | €421 | ▼ 97.2% |
| Profit (loss) for the period before taxes9903 | €31,923 | €17,297 | €44,291 | €105,958 | €43,808 | €7,475 | €9,403 | ▲ 25.8% |
| Income taxes67/77 | €4,655 | €7,500 | €15,836 | €34,962 | €12,858 | €5,000 | €3,669 | ▼ 26.6% |
| Profit (loss) for the period9904 | €27,268 | €9,797 | €28,455 | €70,997 | €30,950 | €2,475 | €5,734 | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €27,268 | €9,797 | €28,455 | €70,997 | €30,950 | €2,475 | €5,734 | ▲ 132% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €143,130 | €203,963 | €256,784 | €353,602 | €394,491 | €371,906 | €371,507 | ▼ 0.1% |
| Fixed assets21/28 | - | €21,336 | €16,002 | €10,668 | €11,195 | €5,861 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | €21,336 | €16,002 | €10,668 | €5,334 | - | - | - |
| Furniture and vehicles24 | - | - | €16,002 | €10,668 | €5,334 | - | - | - |
| Financial fixed assets28 | - | - | - | - | €5,861 | €5,861 | €0 | ▼ 100% |
| Current assets29/58 | €143,130 | €182,627 | €240,782 | €342,934 | €383,296 | €366,044 | €371,507 | ▲ 1.5% |
| Stocks and contracts in progress3 | €34,302 | €143,053 | €107,517 | €177,968 | €149,859 | €273,125 | €252,885 | ▼ 7.4% |
| Stocks30/36 | - | - | €107,517 | €177,968 | €149,859 | €273,125 | €252,885 | ▼ 7.4% |
| Amounts receivable within one year40/41 | €6,206 | €11,255 | €19,584 | €1,318 | - | €8,121 | €3,343 | ▼ 58.8% |
| Trade receivables40 | - | - | €19,584 | €1,318 | - | €5,000 | €3,343 | ▼ 33.1% |
| Other amounts receivable41 | - | - | - | - | - | €3,121 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €102,622 | €28,319 | €113,681 | €163,648 | €233,228 | €84,598 | €115,163 | ▲ 36.1% |
| Deferred charges and accrued income490/1 | - | - | €0 | - | €208 | €201 | €116 | ▼ 42.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €143,130 | €203,963 | €256,784 | €353,602 | €394,491 | €371,906 | €371,507 | ▼ 0.1% |
| Equity10/15 | €63,497 | €73,294 | €100,949 | €171,939 | €202,890 | €205,365 | €211,099 | ▲ 2.8% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €30,315 | €101,312 | €132,262 | €132,262 | €132,262 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €28,455 | €99,452 | €132,262 | €132,262 | €132,262 | = |
| Profit (loss) carried forward14 | €55,437 | €65,234 | €64,434 | €64,427 | €64,428 | €66,903 | €72,637 | ▲ 8.6% |
| Amounts payable17/49 | €79,633 | €130,669 | €155,834 | €181,662 | €191,601 | €166,541 | €160,408 | ▼ 3.7% |
| Amounts payable after more than one year17 | - | €12,769 | €9,769 | €4,770 | €770 | - | - | - |
| Financial debts170/4 | - | - | €9,769 | €4,770 | €770 | - | - | - |
| Amounts payable within one year42/48 | €77,619 | €115,886 | €142,106 | €176,892 | €186,533 | €162,242 | €160,408 | ▼ 1.1% |
| Current portion of amounts payable after more than one year42 | - | - | €3,000 | €4,000 | €4,000 | €770 | €0 | ▼ 100% |
| Trade debts44 | €4,782 | €13,002 | €21,245 | €15,244 | €15,816 | €16,079 | €11,999 | ▼ 25.4% |
| Suppliers440/4 | - | - | €21,245 | €15,244 | €15,816 | €16,079 | €11,999 | ▼ 25.4% |
| Advances received on contracts in progress46 | - | - | - | €6,896 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €31,114 | €26,803 | €20,176 | €4,313 | €6,367 | ▲ 47.6% |
| Taxes450/3 | - | - | €31,114 | €22,262 | €20,176 | €4,313 | €6,367 | ▲ 47.6% |
| Remuneration and social security454/9 | - | - | - | €4,541 | - | - | - | - |
| Other amounts payable47/48 | - | - | €86,747 | €123,950 | €146,540 | €141,080 | €142,042 | ▲ 0.7% |
| Accrued charges and deferred income492/3 | - | - | €3,959 | - | €4,299 | €4,299 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,268 | €9,797 | €28,455 | €70,997 | €30,950 | €2,475 | €5,734 | ▲ 132% |
| + Depreciation and write-downs630 | - | €5,334 | €5,334 | €5,334 | €5,334 | €5,334 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €27,268 | €15,131 | €33,789 | €76,331 | €36,284 | €7,809 | €5,734 | ▼ 26.6% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | -€5,861 | €0 | €5,861 | - |
| Change in cash | - | -€74,303 | €85,362 | €49,967 | €69,580 | -€148,630 | €30,565 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 22-05-2026 | 2026-00118517 |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00082197 |
| 30-09-2023 | micro format | 26-04-2024 | 2024-00069932 |
| 30-09-2022 | micro format | 30-04-2023 | 2023-00073803 |
| 30-09-2021 | micro format | 31-05-2022 | 2022-20038916 |
| 30-09-2020 | micro format | 30-04-2021 | 2021-13000166 |
| 30-09-2019 | micro format | 02-06-2020 | 2020-14500056 |
| 30-09-2018 | micro format | 29-04-2019 | 2019-11400417 |
| 30-09-2017 | abbreviated format | 07-05-2018 | 2018-12300138 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LOECKX Natan Gil Lutgarde Serge |
|
Owners and capital
Capital and shareholders
- 27-03-2024 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-03
Gazette deed
Resignation: LOECKX Natan Gil Lutgarde Serge (manager)Reappointment: LOECKX Natan Gil Lutgarde Serge (director) · Appointment: LOECKX Natan Gil Lutgarde Serge (opvolgend bestuurder) · Purpose change14 facts ▸
- General meeting, “buitengewone algemene vergadering van aandeelhouders” (deed in Dutch)
- Purpose change
- Legal form clause, “statuten aanpassen aan WVV, Tweede besluit” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “aangelegde statutair onbeschikbare eigen vermogensrekening opheffen, Derde besluit-opheffing” (deed in Dutch)
- Amendment of the articles
- Capital
- Power of attorney, Xavier De Maesschalck
- Director resignation, LOECKX Natan Gil Lutgarde Serge (manager)
- Director reappointment, LOECKX Natan Gil Lutgarde Serge (director (not named in the articles))
- Director appointment, LOECKX Natan Gil Lutgarde Serge (opvolgend bestuurder)
- Other provision, “vermelding bij opvolgingsclausule, 9000 Gent,Watergraafstraat 3/B000” (deed in Dutch)
- +2 further facts in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35386D0228/00B005 | Flanders | 153 m² | 1 · 92 m² | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ARTIFACTS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, Artikel 2.Zetel” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)“Bestuursbevoegdheid, behalve wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)“Algemene kosten, los van representatie-, reis- en verplaatsingskosten, algemene vergadering beslist kosteloos of niet” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITEL V. ALGEMENE VERGADERING Artikel 17. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Recht algemene vergadering een of meer vereffenaars aan te duiden,bevoegdheden te omlijnen en vergoeding te bepalen, bestuurder(s) in…” (deed in Dutch)