ARTIFEX
ActiveARTIFEX has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €85k and a net result of €1k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▲+1
Solvency95▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 1.49 in 2023; short-term debt: 26.7% and cash: 31.2% of total assets), and 30% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · 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 2024Solvency, return and age of the figures
Solvency
70%
Return on assets
1.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
1 d late
2022
31 d late
2021
29 d late
2020
5 d early
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€85k▲ 1.8%
2023 · €84k
2018: €47k
2019: €50k
2020: €57k
2021: €61k
2022: €84k
2023: €84k
2018 → 2024
Total assets
€122k▼ 12.7%
2023 · €139k
2018: €69k
2019: €176k
2020: €187k
2021: €149k
2022: €164k
2023: €139k
2018 → 2024
Net result
€1k
2023 · €-243
2018: €3k
2019: €243
2020: €8k
2021: €4k
2022: €23k
2023: €-243
2018 → 2024
Working capital
€43k▲ 58.7%
2023 · €27k
2018: €3k
2019: €-92k
2020: €-61k
2021: €-38k
2022: €6k
2023: €27k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€57k-€61k▲ 6.6%€84k▲ 37.0%€84k▼ 0.3%€85k▲ 1.8%
Operating result€18k-€11k▼ 41.9%€35k▲ 230%€5k▼ 86.9%€6k▲ 39.7%
Net result€8k-€4k▼ 51.9%€23k▲ 500%€-243€1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 40% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122k
Fixed assets
€46k▼ 18.4%
Current assets
€76k▼ 8.8%
Equity and liabilities €122k
Equity
€85k▲ 1.8%
Debt
€37k▼ 34.5%
The debt ratio falls from 40.0% to 30.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2023 · €27k
Cash flow
€19k▼
2023 · €22k
Solvency
70.0%▲
2023 · 60.0%
Current ratio
2.33▲
2023 · 1.49
Quick ratio
2.10▲
2023 · 1.45
Debt / equity
0.43▼
2023 · 0.67
ROE
1.7%▲
2023 · -0.3%
ROA
1.2%▲
2023 · -0.2%
Interest coverage
7.99▲
2023 · 7.53
Debt
€37k▼
2023 · €56k
Debt ≤ 1 year
€32k▼
2023 · €56k
Debt > 1 year
€4k▲
2023 · €0
Income taxes
€2k▲
2023 · €1k
Staff costs
€8k▼
2023 · €9k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€139k€122k▼
Fixed assets21/28€57k€46k▼
Intangible fixed assets21€52k€37k▼
Tangible fixed assets22/27€5k€9k▲
Plant, machinery and equipment23€3k€8k▲
Furniture and vehicles24€2k€1k▼
Current assets29/58€83k€76k▼
Stocks and contracts in progress3€2k€7k▲
Stocks30/36€2k€7k▲
Amounts receivable within one year40/41€40k€17k▼
Trade receivables40€31k€9k▼
Other amounts receivable41€9k€8k▼
Cash at bank and in hand54/58€23k€38k▲
Deferred charges and accrued income490/1€18k€13k▼
Equity and liabilities
Total equity and liabilities10/49€139k€122k▼
Equity10/15€84k€85k▲
Contributions10/11€19k€19k=
Reserves13€65k€67k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€65k€67k▲
Amounts payable17/49€56k€37k▼
Amounts payable after more than one year17€0€4k▲
Financial debts170/4€0€4k▲
Amounts payable within one year42/48€56k€32k▼
Current portion of amounts payable after more than one year42€1k€3k▲
Trade debts44€424€697▲
Suppliers440/4€424€697▲
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€8k€4k▼
Remuneration and social security454/9-€773
Other amounts payable47/48€46k€23k▼
Income statement
Code20232024
Non-recurring operating income76A€14k€0▼
Remuneration, social security and pensions62€9k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€18k▼
Other operating charges640/8€1k€881▼
Gross operating margin9900€37k€33k▼
Operating profit (loss)9901€5k€6k▲
Financial income75/76B€266€160▼
Recurring financial income75€266€160▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€1k€3k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€-243€1k▲
Profit (loss) for the period to be appropriated9905€-243€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-243€1k▲
Transfer from equity791/2€243€0▼
Transfer to equity691/2€0€1k▲
To other reserves6921€0€1k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Weakest financial yearnet €-243 ▼101%
Net result drops to €-243, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €23k ▲500%
Operating result €35k, net result €23k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-09-2024
Jeroen Van Huyck: Resigned as Director
15-12-2017
De Crem Ennio: Resigned as Manager
Location & real-estate footprint
Registered office, Bonheiden · 1 establishment unit since 2015
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.
Bleukstraat 122820 BonheidenGround area
2,744 m²
Building footprint
213 m²
Volume, LiDAR
1,081 m³
Parcel 12031B0575/00C000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Artifex
since 20152.240.542.028
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031B0575/00C000 | Flanders | 2,744 m² | 1 · 213 m² | 7.4 m · 2 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.
Recognitions · licences · registrations
Dual-learning approval
4 endedSimilar companies · same sector, comparable size
ADRIAENS INTERIEUR
BE 0880.294.301
Haaltert · Eq €85k
DECORATIE WATTEYN
BE 0436.325.301
Menen · Eq €85k
Het Schildertje
BE 0463.356.924
Schoten · Eq €85k
VERSTRAETE-JONCKHEERE & ZOON
BE 0542.770.923
Middelkerke · Eq €85k
Duell Interior
BE 0794.908.565
Ninove · Eq €85k
Of 7,862 companies in sector 43341 we hold annual accounts for 2,664. 2,307 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-03-2015
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
47120Other non-specialised retail sale
47530Retail trade
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.