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Artim

Active
Public limited companyfounded 198343 yrs activeGraaf H. Goethalslaan 21, 9840 Nazareth-De Pinte, BelgiumKBO/BCE: BE 0423.980.466
Summary

Artim has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.7m and a net result of €3,129. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability29▼-27
Solvency73▼-20
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.94 in 2023; short-term debt: 29.3% and cash: 1.9% of total assets), and 52.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 43 years 0 50 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
47.9%
Return on assets
0.1%
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 02-06-2025, 59 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
59 d early
2023
92 d early
2022
95 d early
2021
122 d early
2020
32 d early
2019
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 73 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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

On 26 January 1983, Artim was incorporated.1 Total assets went from EUR 2.3 million in 2018 to EUR 3.6 million in 2024.2

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

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Financials · fiscal year 2024, abbreviated schema

Equity
€1.7m▼ 2.8%
2023 · €1.8m
Total assets
€3.6m▲ 38.7%
2023 · €2.6m
Net result
€3,129▼ 96.9%
2023 · €101,702
Working capital
-€849,980▼ 2,723%
2023 · -€30,106
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€41,372▼ 29.9%€44,756▲ 8.2%€31,010▼ 30.7%€30,280▼ 2.4%-€55,110
Net result€59,212▼ 17.4%€91,793▲ 55.0%€93,879▲ 2.3%€101,702▲ 8.3%€3,129▼ 96.9%
Equity€1.8m▲ 3.5%€1.8m▲ 0.1%€1.8m=€1.8m=€1.7m▼ 2.8%
Total assets€2.4m▲ 1.9%€2.4m▲ 1.1%€2.4m▼ 2.2%€2.6m▲ 9.6%€3.6m▲ 38.7%
Debt€620,441▼ 2.3%€644,652▲ 3.9%€592,078▼ 8.2%€816,588▲ 37.9%€1.9m▲ 128%
Working capital-€277,673▲ 28.4%-€306,946▼ 10.5%-€237,786▲ 22.5%-€30,106▲ 87.3%-€849,980▼ 2,723%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000€100,000Operating result 2020: €41,372€41,372Net result 2020: €59,212€59,212Operating result 2021: €44,756€44,756Net result 2021: €91,793€91,793Operating result 2022: €31,010€31,010Net result 2022: €93,879€93,879Operating result 2023: €30,280€30,280Net result 2023: €101,702€101,702Operating result 2024: -€55,110-€55,110Net result 2024: €3,129€3,12920202021202220232024-€100,000-€50,000€0€50,000€100,000Operating result 2022: €31,010€31,000Net result 2022: €93,879€93,900Operating result 2023: €30,280€30,300Net result 2023: €101,702€102,000Operating result 2024: -€55,110-€55,100Net result 2024: €3,129€3,130202220232024
The operating result turns negative in 2024: a loss of €55,110 after €30,280 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.6m
Fixed assets €3.4m ▲ 62.5%
Current assets €199,931 ▼ 60.1%
Equity and liabilities €3.6m
Equity €1.7m ▼ 2.8%
Debt €1.9m ▲ 128%
Debt's share of the balance-sheet total rises from 31.6% to 52.1%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€89,818▼
2023 · €106,773
Cash flow
€148,057▼
2023 · €178,195
Current ratio
0.19▼
2023 · 0.94
Debt to equity
1.09▲
2023 · 0.46
ROE
0.2%▼
2023 · 5.8%
ROA
0.1%▼
2023 · 3.9%
Interest coverage
1.22▼
2023 · 3.89
Debt ≤ 1 year
€1.0m▲
2023 · €531,417
Debt > 1 year
€770,936▲
2023 · €260,812
Income taxes
€42▼
2023 · €1,692
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 14,733 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 2023 · 53 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.6m€3.6m▲
Fixed assets21/28€2.1m€3.4m▲
Tangible fixed assets22/27€1.7m€3.0m▲
Land and buildings22€1.7m€3.0m▲
Plant, machinery and equipment23€0-
Furniture and vehicles24-€1,762
Other tangible fixed assets26€4,550€4,550=
Financial fixed assets28€371,840€371,840=
Current assets29/58€501,311€199,931▼
Amounts receivable within one year40/41€299,500€133,212▼
Other amounts receivable41€299,500€133,212▼
Current investments50/53€0-
Cash at bank and in hand54/58€201,811€66,719▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€2.6m€3.6m▲
Equity10/15€1.8m€1.7m▼
Contributions10/11€1.4m€1.4m=
Capital10€1.4m€1.4m=
Issued capital100€1.4m€1.4m=
Reserves13€391,108€342,336▼
Non-distributable reserves130/1€137,313€137,313=
Legal reserve130€137,313€137,313=
Distributable reserves133€253,795€205,024▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€816,588€1.9m▲
Amounts payable after more than one year17€260,812€770,936▲
Financial debts170/4€260,812€770,936▲
Amounts payable within one year42/48€531,417€1.0m▲
Current portion of amounts payable after more than one year42€18,264€64,422▲
Trade debts44€200€10,132▲
Suppliers440/4€200€10,132▲
Taxes, remuneration and social security45€764€57,756▲
Taxes450/3€764€57,756▲
Other amounts payable47/48€512,189€917,602▲
Accrued charges and deferred income492/3€24,359€42,537▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76,493€144,928▲
Other operating charges640/8€27,142€22,132▼
Gross operating margin9900€133,915€111,950▼
Operating profit (loss)9901€30,280-€55,110▼
Financial income75/76B€100,595€132,029▲
Recurring financial income75€100,595€132,029▲
Financial charges65/66B€27,482€73,747▲
Recurring financial charges65€27,482€73,747▲
Profit (loss) for the period before taxes9903€103,394€3,171▼
Income taxes67/77€1,692€42▼
Profit (loss) for the period9904€101,702€3,129▼
Profit (loss) for the period to be appropriated9905€101,702€3,129▼
Appropriation of the result
Profit (loss) to be appropriated9906€101,702€3,129▼
Transfer from equity791/2-€48,772
Transfer to equity691/2€495€0▼
To other reserves6921€495€0▼
Profit to be distributed694/7€101,207€51,901▼
Return on contributions (dividend)694€101,207€51,901▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88,754€86,691€86,453€76,493€144,928▲ 89.5%
Other operating charges640/8--€23,004€27,142€22,132▼ 18.5%
Gross operating margin9900€140,935€143,441€140,467€133,915€111,950▼ 16.4%
Operating profit (loss)9901€41,372€44,756€31,010€30,280-€55,110▼ 282%
Financial income75/76B--€90,395€100,595€132,029▲ 31.2%
Recurring financial income75€51,000€81,000€90,395€100,595€132,029▲ 31.2%
Financial charges65/66B--€27,019€27,482€73,747▲ 168%
Recurring financial charges65€29,269€28,573€27,019€27,482€73,747▲ 168%
Profit (loss) for the period before taxes9903€63,103€97,182€94,387€103,394€3,171▼ 96.9%
Income taxes67/77€3,891€5,389€507€1,692€42▼ 97.5%
Profit (loss) for the period9904€59,212€91,793€93,879€101,702€3,129▼ 96.9%
Profit (loss) for the period to be appropriated9905€59,212€91,793€93,879€101,702€3,129▼ 96.9%
Line20202021202220232024Change
Assets
Total assets20/58€2.4m€2.4m€2.4m€2.6m€3.6m▲ 38.7%
Fixed assets21/28€2.1m€2.1m€2.1m€2.1m€3.4m▲ 62.5%
Tangible fixed assets22/27€1.8m€1.8m€1.7m€1.7m€3.0m▲ 76.1%
Land and buildings22--€1.7m€1.7m€3.0m▲ 76.2%
Plant, machinery and equipment23--€259€0--
Furniture and vehicles24--€0-€1,762-
Other tangible fixed assets26--€4,550€4,550€4,550=
Financial fixed assets28€371,840€371,840€371,840€371,840€371,840=
Current assets29/58€250,804€263,702€299,539€501,311€199,931▼ 60.1%
Amounts receivable within one year40/41---€299,500€133,212▼ 55.5%
Other amounts receivable41---€299,500€133,212▼ 55.5%
Current investments50/53--€250,000€0--
Cash at bank and in hand54/58€230,531€260,882€48,568€201,811€66,719▼ 66.9%
Deferred charges and accrued income490/1--€971€0--
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.4m€2.4m€2.6m€3.6m▲ 38.7%
Equity10/15€1.8m€1.8m€1.8m€1.8m€1.7m▼ 2.8%
Contributions10/11€1.4m€1.4m€1.4m€1.4m€1.4m=
Capital10--€1.4m€1.4m€1.4m=
Issued capital100--€1.4m€1.4m€1.4m=
Reserves13€389,189€390,155€390,613€391,108€342,336▼ 12.5%
Non-distributable reserves130/1--€137,313€137,313€137,313=
Legal reserve130--€137,313€137,313€137,313=
Distributable reserves133--€253,301€253,795€205,024▼ 19.2%
Profit (loss) carried forward14--€0€0€0-
Amounts payable17/49€620,441€644,652€592,078€816,588€1.9m▲ 128%
Amounts payable after more than one year17€64,596€47,001€29,076€260,812€770,936▲ 196%
Financial debts170/4--€29,076€260,812€770,936▲ 196%
Amounts payable within one year42/48€528,477€570,648€537,325€531,417€1.0m▲ 97.6%
Current portion of amounts payable after more than one year42--€17,926€18,264€64,422▲ 253%
Trade debts44€28,320€3,082€3,630€200€10,132▲ 4,966%
Suppliers440/4--€3,630€200€10,132▲ 4,966%
Taxes, remuneration and social security45--€352€764€57,756▲ 7,464%
Taxes450/3--€352€764€57,756▲ 7,464%
Other amounts payable47/48--€515,417€512,189€917,602▲ 79.2%
Accrued charges and deferred income492/3--€25,678€24,359€42,537▲ 74.6%
Line20202021202220232024Change
Profit (loss) for the period9904€59,212€91,793€93,879€101,702€3,129▼ 96.9%
+ Depreciation and write-downs630€88,754€86,691€86,453€76,493€144,928▲ 89.5%
Operating cash flow (approximation)€147,966€178,485€180,333€178,195€148,057▼ 16.9%
Investment in fixed assets (approximation)--€98,971€1,500-€99,726-€1.4m▼ 1,348%
Change in cash-€30,352-€212,314€153,243-€135,091▼ 188%

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
02-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet €3,129 ▼96.9%
Net result drops to €3,129, the lowest in the series.
30-04
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Highest result since 2018net €101,702 ▲8.3%
Net result €101,702, the highest in the series.
27-04
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-03
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
08-03
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-05
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Nazareth-De Pinte · 1 establishment unit since 1983
seat establishment The establishment unit on the map
Ground area
384 m²
Building footprint
384 m²
Volume, LiDAR
2,276 m³
Parcel 44012C0161/00R000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
ARTIM
Graaf H. Goethalslaan 21, 9840 Nazareth-De PinteActivities of head offices; management consultancy activities
since 19832.021.789.608
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44012C0161/00R000 Flanders 384 m² 1 · 384 m² 9.4 m · 2 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.

Identification & contact

Identification
Legal formPublic limited company
Founded26-01-1983
Fiscal year end31-12
Contact
E-mail Info@nieuwgoed.beNazareth-De Pinte
Phone 0475433344Nazareth-De Pinte
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

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