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Artikel 15

Active
Private limited companyfounded 2025active for 1 yearWaalsestraat 23, 8000 Brugge, BelgiumKBO/BCE: BE 1022.811.946
Summary

The computed 12-month bankruptcy probability of Artikel 15 is 2.3% (moderate). The 2025 annual accounts show equity of €10,486 and a net result of €486. Its solvency ranks better than 40% of 1,597 sector peers (NACE 55, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
Artikel 15ActiveChecked score 52/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 29-04-2025 Normal situation
Activity
Hotels and similar accommodation NACE 55100and 1 other
Establishment unit
2.373.591.582 8000 Brugge, since 29-04-2025
Financial year end
31 December
Peppol
Reachable since 18-06-2025
Company details

Board and ownership

Board
Board & ownership

Financial position

52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.3%
Annual accounts 2025
Gross margin
€17,847
Turnover
≈ €92,000
estimated
Profit
€486
Equity
€10,486
Total assets
€124,139
Employees on 31-12-2025
2
  • 2025 accounts filed 31 days after the deadline
Filed on 31-08-2026
Financials
Score breakdownraises riskFounded in 2025Last filed accounts filed 31 days late; 1 of the last 3 accounts lateEquity €10,486 (8.4% of total assets)Liquidity: current ratio 0.18, cash €8,078Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 36% of micro companies in accommodation (NACE 55)
Every signal that counts is listed under Signals.
Financial strength
Weak
Solvency 33
equity 8.4% of total assets
Liquidity 35
short-term debt 47.7% · cash 6.5%
Profitability 49
return on assets 0.4%
Bankruptcy probability within 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,521 companies, NACE 55, micro)
Last 24 months 05-2026: 1.6%lowest value 06-2026: 1.6%● unchanged vs 05-2026lowest value 07-2026: 1.7%▲ +0.1 percentage points vs 06-2026 08-2026: 2.0%▲ +0.3 percentage points vs 07-2026 09-2026: 2.3%▲ +0.3 percentage points vs 08-2026 10-2026: 2.3%● unchanged vs 09-2026highest value 11-2026: 2.3%● unchanged vs 10-2026highest value
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.18, below 1. Short-term debt is 47.7% and cash 6.5% of total assets. 91.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 55, micro). It does better than 38% of them on solvency, 31% on liquidity and 39% on profitability.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
raises risk
raises risk · Founded in 2025
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Equity €10,486 (8.4% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.18, cash €8,078
NBB · annual accounts
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
31 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2025.
KBO publications

Recent changes

  1. · Gazette deed IncorporationStarting capital €10,000 · Appointments: LAMOTE Axel André Jan (director) and DECLERCQ Kim Dirk Rita (director)
All 2 events

Comparable companies

These companies have the same main activity as Artikel 15: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €69,600 and €234,000, founded between 2023 and 2024.

CompanyTotal assetsGross margin
Artikel 15 Brugge€124,139€17,847
B&B AMODIO Brugge€133,955€17,452
GRATA DOMUM Brugge€76,830€27,919
FELIZ Putte€87,614€10,630
Hotel Vredehof Brugge€233,686€20,056
MAESMENT Gistel€81,550€14,275
NAIEF Zandhoven€69,608€16,150
Full comparison

Key facts about Artikel 15
What is the company number of Artikel 15?
The company number of Artikel 15 is 1022.811.946. The VAT number is the same number with BE in front: BE 1022.811.946.
Where is Artikel 15 based?
The registered office is at Waalsestraat 23, 8000 Brugge.Company details
What does Artikel 15 do?
According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
What is the legal form of Artikel 15?
The legal form of Artikel 15 is Private limited company (BV).
When was Artikel 15 founded?
Artikel 15 was founded on 29-04-2025.
Is Artikel 15 still active?
Yes, Artikel 15 is an active enterprise in the KBO register.
How many employees does Artikel 15 have?
Artikel 15 had an average of 2.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Artikel 15?
The turnover in financial year 2025 is ≈ €92,000. This figure is estimated from the gross margin of €17,847 and 31 comparable companies (NACE 55). It probably lies between €52,000 and €150,000. It is a rough estimate.
Is Artikel 15 profitable?
In financial year 2025, Artikel 15 made a profit of €486.
Where can I find the annual accounts of Artikel 15?
Artikel 15 filed 1 annual account with the National Bank of Belgium, for financial year 2025.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See whether the workforce is growing and whether people stay.Employer check

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