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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 1,593 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

Activity
Hotels and similar accommodation
NACE 55100
1 site
Size
≈ €92,000turnover 2025, estimated
Staff
2.3 FTE
Equity
€10,486
Profit
€486
Turnover estimated from the gross margin
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.3%
Structure
2025 accounts filed 31 days late
Why 52raises riskFounded in 2025Last filed accounts filed 31 days late; 1 of the last 3 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 better than 36% of its sector peers (NACE 55, micro)
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, 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% (2,516 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
Credit of up to €500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.18, below 1; short-term debt: 47.7% and cash: 6.5% of total assets), and 91.6% of the assets are financed with debt and provisions.
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 55, micro): better than 38% on solvency, 31% on liquidity and 39% on profitability.

The bankruptcy probability was computed on 28-10-2026 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

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 its profile.
KBO
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 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
Searched since incorporation in 2025.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointments: LAMOTE Axel André Jan…

Key points

  • Board2 directors in office 2 View
  • Total assets 2025first financial year filed €124,139 View
  • Active since 2025founded 29-04-2025 1 years View

By topic

Financials

Financial year
2025
Total assets
€124,139
Profit
€486
Solvency
8.4%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Hotels and similar accommodationNACE 55100
Founded
29-04-2025
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about Artikel 15

What is the company number of Artikel 15?
1022.811.946. In Belgium the VAT number is the company 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?
Private limited company (BV).
When was Artikel 15 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?
On average 2.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Artikel 15?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
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.

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark Is the workforce growing, and do people stay?Employer check

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