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ARTIFICIOUS

Active
Private limited company (pre-2019)founded 20188 yrs activeKoningin Astridlaan 59B, 1780 Wemmel, BelgiumKBO/BCE: BE 0689.958.327
Summary

ARTIFICIOUS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€39,215) and a net result of -€5,523. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2022
Profitability0▼-43
Solvency0▼-1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.81 in 2022; short-term debt: 842.8% and cash: 97% of total assets), and equity is negative.
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Signals

Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
-742.8%
Return on assets
-104.6%
Age of the figures
21 mo
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
181920212224
2018 to 2024 · latest year -€39,215
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 6 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2022
141 d late
2021
58 d late
2020
101 d late
2019
61 d late
2018
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 75 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

ARTIFICIOUS was incorporated on 9 February 2018.1 Total assets rose from EUR 3,592 in 2018 to EUR 5,279 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€5,523
2022 · €4,193
Working capital
-€39,215▲ 19.3%
2022 · -€48,606
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222024
Operating result€20,824€5,679▼ 72.7%-€75,363€5,477-€5,268-
Net result€20,684€5,657within the sector's middle half▼ 72.7%-€80,064below the sector's middle half€4,193within the sector's middle half-€5,523below the sector's middle half-
Equity€21,608▲ 2,239%€27,265below the sector's middle half▲ 26.2%-€52,799below the sector's middle half-€48,606below the sector's middle half▲ 7.9%-€39,215below the sector's middle half-
Total assets€26,900▲ 649%€38,329below the sector's middle half▲ 42.5%€286,039within the sector's middle half▲ 646%€202,226within the sector's middle half▼ 29.3%€5,279below the sector's middle half-
Debt€5,292▲ 98.4%€11,064▲ 109%€338,838▲ 2,963%€250,832▼ 26.0%€44,494-
Working capital€21,608▲ 2,239%€27,265within the sector's middle half▲ 26.2%-€52,799below the sector's middle half-€48,606below the sector's middle half▲ 7.9%-€39,215below the sector's middle half-
Solvency80.3%71.1%above the sector's middle half▼ 9.2pp-18.5%below the sector's middle half▼ 89.6pp-24.0%below the sector's middle half▼ 5.6pp-742.8%below the sector's middle half-
Current ratio5.083.46above the sector's middle half▼ 1.620.84below the sector's middle half▼ 2.620.81below the sector's middle half▼ 0.040.12below the sector's middle half-
Return on assets (ROA)76.9%14.8%within the sector's middle half▼ 62.1pp-28.0%below the sector's middle half▼ 42.7pp2.1%below the sector's middle half▲ 30.1pp-104.6%below the sector's middle half-
above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0Operating result 2019: €20,824€20,824Net result 2019: €20,684€20,684Operating result 2020: €5,679€5,679Net result 2020: €5,657€5,657Operating result 2021: -€75,363-€75,363Net result 2021: -€80,064-€80,064Operating result 2022: €5,477€5,477Net result 2022: €4,193€4,193Operating result 2024: -€5,268-€5,268Net result 2024: -€5,523-€5,52320192020202120222024-€100,000-€75,000-€50,000-€25,000€0Operating result 2021: -€75,363-€75,400Net result 2021: -€80,064-€80,100Operating result 2022: €5,477€5,480Net result 2022: €4,193€4,190Operating result 2024: -€5,268-€5,270Net result 2024: -€5,523-€5,520202120222024
The operating result is -€5,268 in 2024, compared with €5,477 in 2022. Comparable figures for the intervening years are unavailable.
Key figures and ratios
2024 value · change against 2022
Debt to equity
-1.13▲
2022 · -5.16
Debt ≤ 1 year
€44,494▼
2022 · €250,832
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.9% went bankrupt
8.4% stopped otherwise
83% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
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% 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 6,010 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2022 · 28 lines
Balance sheet Code20222024
Assets
Total assets20/58€202,226€5,279▼
Current assets29/58€202,226€5,279▼
Amounts receivable within one year40/41€199,976€158▼
Trade receivables40€150,500-
Other amounts receivable41€49,476€158▼
Cash at bank and in hand54/58€2,250€5,122▲
Equity and liabilities
Total equity and liabilities10/49€202,226€5,279▼
Equity10/15-€48,606-€39,215▲
Contributions10/11€6,200€6,200=
Profit (loss) carried forward14-€54,806-€45,415▲
Amounts payable17/49€250,832€44,494▼
Amounts payable within one year42/48€250,832€44,494▼
Trade debts44€184,989€7,314▼
Suppliers440/4€184,989€7,314▼
Taxes, remuneration and social security45€49,350-
Taxes450/3€49,350-
Other amounts payable47/48€16,493€37,180▲
Income statement Code20222024
Other operating charges640/8€355€387▲
Gross operating margin9900€5,832-€4,881▼
Operating profit (loss)9901€5,477-€5,268▼
Financial charges65/66B€153€255▲
Recurring financial charges65€153€255▲
Profit (loss) for the period before taxes9903€5,324-€5,523▼
Income taxes67/77€1,132-
Profit (loss) for the period9904€4,193-€5,523▼
Profit (loss) for the period to be appropriated9905€4,193-€5,523▼
Appropriation of the result
Profit (loss) to be appropriated9906-€54,806-€45,415▲
Profit (loss) brought forward from the previous period14P-€58,998-€39,892▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222024Change
Other operating charges640/8--€347€355€387-
Gross operating margin9900€20,824€5,679-€75,016€5,832-€4,881-
Operating profit (loss)9901€20,824€5,679-€75,363€5,477-€5,268-
Financial charges65/66B--€143€153€255-
Recurring financial charges65€140€22€143€153€255-
Profit (loss) for the period before taxes9903€20,684€5,657-€75,506€5,324-€5,523-
Income taxes67/77--€4,558€1,132--
Profit (loss) for the period9904€20,684€5,657-€80,064€4,193-€5,523-
Profit (loss) for the period to be appropriated9905€20,684€5,657-€80,064€4,193-€5,523-
Line20192020202120222024Change
Assets
Total assets20/58€26,900€38,329€286,039€202,226€5,279-
Current assets29/58€26,900€38,329€286,039€202,226€5,279-
Amounts receivable within one year40/41€26,841€37,455€260,343€199,976€158-
Trade receivables40--€210,500€150,500--
Other amounts receivable41--€49,843€49,476€158-
Cash at bank and in hand54/58€59€874€25,696€2,250€5,122-
Equity and liabilities
Total equity and liabilities10/49€26,900€38,329€286,039€202,226€5,279-
Equity10/15€21,608€27,265-€52,799-€48,606-€39,215-
Contributions10/11€6,200€6,200€6,200€6,200€6,200-
Capital10--€6,200---
Issued capital100--€18,600---
Uncalled capital101--€12,400---
Profit (loss) carried forward14€15,408€21,065-€58,999-€54,806-€45,415-
Amounts payable17/49€5,292€11,064€338,838€250,832€44,494-
Amounts payable within one year42/48€5,292€11,064€338,838€250,832€44,494-
Trade debts44€1,799€4,571€279,995€184,989€7,314-
Suppliers440/4--€279,995€184,989€7,314-
Taxes, remuneration and social security45--€49,350€49,350--
Taxes450/3--€49,350€49,350--
Other amounts payable47/48--€9,493€16,493€37,180-
Line20192020202120222024Change
Profit (loss) for the period9904€20,684€5,657-€80,064€4,193-€5,523-
Operating cash flow (approximation)€20,684€5,657-€80,064€4,193-€5,523-
Change in cash-€815€24,822-€23,446--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2023
19-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 141 days late
2022
31-12
Financial Back to profitnet €4,193
Net result €4,193 after one loss-making year.
27-09
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 58 days late
2021
31-12
Financial Weakest financial yearnet -€80,064
Net result drops to -€80,064, the lowest in the series; recovery starts the following year.
09-11
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 101 days late
2020
30-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial Back to profitnet €20,684
Net result €20,684 after one loss-making year.
31-12
Financial Liquidity quadruplescurrent ratio 5.08
Current ratio from 1.35 to 5.08.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Wemmel · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
6,201 m²
Building footprint
1,886 m²
Volume, LiDAR
19,322 m³
Parcel 22662B0407/00D011, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
42 companies at this address See who is registered here
1 establishment unit
ARTIFICIOUS
Koningin Astridlaan 59B, 1780 WemmelTelecommunications resale and intermediation services
since 20182.273.762.251
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22662B0407/00D011 Flanders 6,201 m² 1 · 1,886 m² 15.3 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

European research

3 projects
Programmes
3 entries
Projects
AN OPEN, TRUSTED FOG COMPUTING PLATFORM FACILITATING THE DEPLOYMENT, ORCHESTRATION AND MANAGEMENT OF SCALABLE, HETEROGENEOUS AND SECURE IOT SERVICES AND CROSS-CLOUD APPS
Horizon 2020 · participant · 01-01-2020 to 31-12-2022 · RAINBOW
Persistent Personal Data Vaults Empowering a Secure and Privacy Preserving Data Storage, Analysis, Sharing and Monetisation Platform
Horizon 2020 · participant · 01-01-2020 to 30-04-2023 · DataVaults
Regions and DIHs alliance for AI-driven digital transformation of European Manufacturing SMEs
Horizon 2020 · participant · 01-10-2020 to 30-09-2023 · AI REGIO

Similar companies · same sector, comparable size

Of 16,913 companies in sector 62100 we hold annual accounts for 8,786. 6,243 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 (pre-2019)
Founded09-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Not found in the Peppol register

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Register as of 29 September 2026 · Peppol Directory

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