ARTIMA
ActiveSummary
ARTIMA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €269,222 and a net result of €23,095. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 87% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+9
Solvency100▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.09 in 2024; short-term debt: 20.5% of total assets), and 20.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.5%
Return on assets
6.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
41 d late
2023
36 d early
2022
38 d early
2021
136 d late
2020
44 d early
2019
39 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 June (4 of the last 5 filed years within 76 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€269,222▲ 9.4%
2024 · €246,127
Total assets
€338,850▼ 0.8%
2024 · €341,744
Net result
€23,095▲ 30.9%
2024 · €17,641
Working capital
-€66,394▲ 23.4%
2024 · -€86,691
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20212022202320242025
Operating result€36,203▲ 64.7%€20,454▼ 43.5%€15,599▼ 23.7%€33,093▲ 112%€36,123▲ 9.2%
Net result€21,920within the sector's middle half▲ 148%€8,751within the sector's middle half▼ 60.1%€4,452within the sector's middle half▼ 49.1%€17,641within the sector's middle half▲ 296%€23,095within the sector's middle half▲ 30.9%
Equity€215,283above the sector's middle half▲ 11.3%€224,034above the sector's middle half▲ 4.1%€228,486above the sector's middle half▲ 2.0%€246,127above the sector's middle half▲ 7.7%€269,222within the sector's middle half▲ 9.4%
Total assets€394,196above the sector's middle half▼ 6.6%€380,518above the sector's middle half▼ 3.5%€358,591above the sector's middle half▼ 5.8%€341,744above the sector's middle half▼ 4.7%€338,850within the sector's middle half▼ 0.8%
Debt€178,913▼ 21.8%€156,484▼ 12.5%€130,104▼ 16.9%€95,617▼ 26.5%€69,628▼ 27.2%
Working capital-€174,082below the sector's middle half▲ 14.4%-€147,608below the sector's middle half▲ 15.2%-€123,722below the sector's middle half▲ 16.2%-€86,691below the sector's middle half▲ 29.9%-€66,394below the sector's middle half▲ 23.4%
Solvency54.6%within the sector's middle half▲ 8.8pp58.9%within the sector's middle half▲ 4.3pp63.7%within the sector's middle half▲ 4.8pp72.0%above the sector's middle half▲ 8.3pp79.5%above the sector's middle half▲ 7.4pp
Current ratio0.03below the sector's middle half▼ 0.060.06below the sector's middle half▲ 0.030.05below the sector's middle half▼ 0.010.09below the sector's middle half▲ 0.040.05below the sector's middle half▼ 0.05
Return on assets (ROA)5.6%within the sector's middle half▲ 3.5pp2.3%within the sector's middle half▼ 3.3pp1.2%within the sector's middle half▼ 1.1pp5.2%within the sector's middle half▲ 3.9pp6.8%within the sector's middle half▲ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €338,850
Fixed assets
€335,616 ▲ 0.8%
Current assets
€3,234 ▼ 63.8%
Equity and liabilities €338,850
Equity
€269,222 ▲ 9.4%
Debt
€69,628 ▼ 27.2%
Debt's share of the balance-sheet total falls from 28.0% to 20.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58,453▲
2024 · €52,483
Cash flow
€45,425▲
2024 · €37,031
Debt to equity
0.26▼
2024 · 0.39
ROE
8.6%▲
2024 · 7.2%
Interest coverage
8.09▲
2024 · 5.13
Debt ≤ 1 year
€69,628▼
2024 · €95,617
Income taxes
€5,862▲
2024 · €5,229
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 31,370 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,321 | €20,016 | €20,861 | €19,390 | €22,330 | ▲ 15.2% |
| Other operating charges640/8 | €1,533 | €4,330 | €1,660 | €1,817 | €1,737 | ▼ 4.4% |
| Gross operating margin9900 | €58,057 | €44,800 | €38,120 | €54,299 | €60,190 | ▲ 10.8% |
| Operating profit (loss)9901 | €36,203 | €20,454 | €15,599 | €33,093 | €36,123 | ▲ 9.2% |
| Financial income75/76B | €6 | €12 | €21 | - | €58 | - |
| Recurring financial income75 | €6 | €12 | €21 | - | €58 | - |
| Financial charges65/66B | €8,581 | €8,720 | €9,826 | €10,223 | €7,224 | ▼ 29.3% |
| Recurring financial charges65 | €8,581 | €8,720 | €9,826 | €10,223 | €7,224 | ▼ 29.3% |
| Profit (loss) for the period before taxes9903 | €27,628 | €11,746 | €5,795 | €22,870 | €28,957 | ▲ 26.6% |
| Income taxes67/77 | €5,708 | €2,995 | €1,342 | €5,229 | €5,862 | ▲ 12.1% |
| Profit (loss) for the period9904 | €21,920 | €8,751 | €4,452 | €17,641 | €23,095 | ▲ 30.9% |
| Profit (loss) for the period to be appropriated9905 | €21,920 | €8,751 | €4,452 | €17,641 | €23,095 | ▲ 30.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €394,196 | €380,518 | €358,591 | €341,744 | €338,850 | ▼ 0.8% |
| Fixed assets21/28 | €389,365 | €371,642 | €352,208 | €332,818 | €335,616 | ▲ 0.8% |
| Tangible fixed assets22/27 | €389,365 | €371,642 | €352,208 | €332,818 | €335,616 | ▲ 0.8% |
| Land and buildings22 | €384,195 | €367,557 | €349,233 | €330,587 | €334,128 | ▲ 1.1% |
| Plant, machinery and equipment23 | €5,170 | €4,085 | €2,975 | €2,231 | €1,488 | ▼ 33.3% |
| Current assets29/58 | €4,831 | €8,876 | €6,383 | €8,926 | €3,234 | ▼ 63.8% |
| Amounts receivable within one year40/41 | €4,831 | €8,876 | €6,383 | €8,926 | €1,604 | ▼ 82.0% |
| Trade receivables40 | €4,469 | €8,389 | €5,613 | €7,764 | - | - |
| Other amounts receivable41 | €362 | €486 | €770 | €1,162 | €1,604 | ▲ 38.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,630 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €394,196 | €380,518 | €358,591 | €341,744 | €338,850 | ▼ 0.8% |
| Equity10/15 | €215,283 | €224,034 | €228,486 | €246,127 | €269,222 | ▲ 9.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Reserves13 | €32,356 | €32,356 | €202,356 | €202,356 | €202,356 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €30,496 | €30,496 | €30,496 | €30,496 | €30,496 | = |
| Distributable reserves133 | - | - | €170,000 | €170,000 | €170,000 | = |
| Profit (loss) carried forward14 | €164,327 | €173,078 | €7,530 | €25,171 | €48,265 | ▲ 91.8% |
| Amounts payable17/49 | €178,913 | €156,484 | €130,104 | €95,617 | €69,628 | ▼ 27.2% |
| Amounts payable within one year42/48 | €178,913 | €156,484 | €130,104 | €95,617 | €69,628 | ▼ 27.2% |
| Current portion of amounts payable after more than one year42 | €14,438 | - | - | - | - | - |
| Financial debts43 | €17,317 | €18,543 | €20,382 | €19,495 | €18,364 | ▼ 5.8% |
| Credit institutions430/8 | €17,317 | €18,543 | €20,382 | €19,495 | €18,364 | ▼ 5.8% |
| Trade debts44 | €583 | €6,246 | €6,599 | €5,044 | €1,965 | ▼ 61.0% |
| Suppliers440/4 | €583 | €6,246 | €6,599 | €5,044 | €1,965 | ▼ 61.0% |
| Taxes, remuneration and social security45 | €11,370 | €8,770 | €7,036 | €9,027 | €9,686 | ▲ 7.3% |
| Taxes450/3 | €11,370 | €8,770 | €7,036 | €9,027 | €9,686 | ▲ 7.3% |
| Other amounts payable47/48 | €135,204 | €122,925 | €96,087 | €62,051 | €39,612 | ▼ 36.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,920 | €8,751 | €4,452 | €17,641 | €23,095 | ▲ 30.9% |
| + Depreciation and write-downs630 | €20,321 | €20,016 | €20,861 | €19,390 | €22,330 | ▲ 15.2% |
| Operating cash flow (approximation) | €42,241 | €28,767 | €25,313 | €37,031 | €45,425 | ▲ 22.7% |
| Investment in fixed assets (approximation) | - | -€2,294 | -€1,427 | €0 | -€25,128 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €4,452 ▼49.1%
Net result drops to €4,452, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 136 days late
2021
31-12
Financial
Equity above €200,000Eq €215,283 ▲11.3%
4 profitable years in a row build equity to €215,283.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
31-12
Financial
Highest result since 2018net €37,962 ▲105%
Operating result €57,804, net result €37,962, both a record.
31-12
Financial
Equity above €150,000Eq €184,534 ▲25.9%
2 profitable years in a row build equity to €184,534.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Jabbeke · 1 establishment unit since 1998
Ground area
1.4 ha
Building footprint
719 m²
Volume, LiDAR
3,577 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kruisstraat 9, 8020 Oostkamp
since 19982.088.608.156
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31009D0977/00R003 | Flanders | 8,321 m² | 1 · 497 m² | 8.7 m · 2 fl. |
| 31041A0653/00F000 | Flanders | 5,559 m² | 1 · 222 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,665. 1,894 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)
Founded03-09-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
47552Retail sale of lighting equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464067794
Also
9925:BE0464067794
Registered
23-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.