ARTIMAR
ActiveARTIMAR has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.67M and a net result of €335k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 39% of 284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent▼ -16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▼-10
Solvency83▼-5
Growth76▲+1
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 2.42 in 2024), but 60.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
39.2%
Return on assets
3.6%
Age of the figures
8 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
16 d early
2023
20 d early
2022
27 d early
2021
27 d early
2020
28 d early
2019
25 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€14.91M▲ 14.2%
2024 · €13.06M
2018: €8.49M
2021: €11.39M
2022: €12.01M
2023: €12.73M
2024: €13.06M
2018 → 2025
EBIT margin
4.1%▼ 1.9pp
2024 · 6.0%
2018: 2.4%
2021: 4.9%
2022: 12.0%
2023: 6.2%
2024: 6.0%
2018 → 2025
Net result
€335k▼ 26.0%
2024 · €452k
2018: €93k
2019: €99k
2020: €170k
2021: €196k
2022: €939k
2023: €470k
2024: €452k
2018 → 2025
Working capital
€4.28M▲ 8.9%
2024 · €3.93M
2018: €1.81M
2019: €2.48M
2020: €1.97M
2021: €1.93M
2022: €2.85M
2023: €3.36M
2024: €3.93M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.39M-€12.01M▲ 5.4%€12.73M▲ 6.0%€13.06M▲ 2.6%€14.91M▲ 14.2%
Equity€2.12M-€2.85M▲ 34.0%€3.31M▲ 16.2%€3.75M▲ 13.3%€3.67M▼ 2.0%
Operating result€555k-€1.44M▲ 159%€795k▼ 44.7%€783k▼ 1.4%€618k▼ 21.1%
Net result€196k-€939k▲ 378%€470k▼ 50.0%€452k▼ 3.7%€335k▼ 26.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.38M
Fixed assets
€2.03M▼ 4.9%
Current assets
€7.35M▲ 9.7%
Equity and liabilities €9.38M
Equity
€3.67M▼ 2.0%
Provisions
€231k▼ 11.2%
Debt
€5.47M▲ 13.4%
The debt ratio rises from 54.6% to 58.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€1.20M▼
2024 · €1.34M
Cash flow
€915k▼
2024 · €1.00M
Solvency
39.2%▼
2024 · 42.4%
Current ratio
2.40▼
2024 · 2.42
Quick ratio
1.16▲
2024 · 1.03
Debt / equity
1.49▲
2024 · 1.29
ROE
9.1%▼
2024 · 12.1%
ROA
3.6%▼
2024 · 5.1%
Interest coverage
10.91▲
2024 · 10.35
Debt
€5.47M▲
2024 · €4.82M
Debt ≤ 1 year
€3.07M▲
2024 · €2.77M
Debt > 1 year
€2.33M▲
2024 · €2.04M
Income taxes
€161k▼
2024 · €199k
Staff costs
€1.52M▲
2024 · €1.52M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.83M€9.38M▲
Fixed assets21/28€2.13M€2.03M▼
Intangible fixed assets21€127k€76k▼
Tangible fixed assets22/27€2.00M€1.95M▼
Land and buildings22€193k€172k▼
Plant, machinery and equipment23€155k€121k▼
Furniture and vehicles24€674k€516k▼
Leasing and similar rights25€983k€1.14M▲
Financial fixed assets28€338€338=
Other financial fixed assets284/8€338€338=
Amounts receivable and cash guarantees285/8€338€338=
Current assets29/58€6.70M€7.35M▲
Stocks and contracts in progress3€3.84M€3.80M▼
Stocks30/36€3.84M€3.80M▼
Goods purchased for resale34€3.84M€3.80M▼
Amounts receivable within one year40/41€2.18M€2.92M▲
Trade receivables40€1.95M€2.60M▲
Other amounts receivable41€229k€320k▲
Cash at bank and in hand54/58€635k€587k▼
Deferred charges and accrued income490/1€39k€41k▲
Equity and liabilities
Total equity and liabilities10/49€8.83M€9.38M▲
Equity10/15€3.75M€3.67M▼
Contributions10/11€99k€99k=
Capital10€99k€99k=
Issued capital100€99k€99k=
Reserves13€3.62M€3.56M▼
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Tax-exempt reserves132€400k€313k▼
Distributable reserves133€3.21M€3.24M▲
Investment grants15€25k€17k▼
Provisions and deferred taxes16€260k€231k▼
Provisions for liabilities and charges160/5€150k€150k=
Other liabilities and charges164/5€150k€150k=
Deferred taxes168€110k€81k▼
Amounts payable17/49€4.82M€5.47M▲
Amounts payable after more than one year17€2.04M€2.33M▲
Financial debts170/4€2.04M€2.33M▲
Leasing and similar obligations172€565k€646k▲
Credit institutions173€1.48M€1.68M▲
Amounts payable within one year42/48€2.77M€3.07M▲
Current portion of amounts payable after more than one year42€515k€654k▲
Financial debts43€109k€72k▼
Credit institutions430/8€109k€72k▼
Trade debts44€1.61M€1.48M▼
Suppliers440/4€1.61M€1.48M▼
Advances received on contracts in progress46€23k€24k▲
Taxes, remuneration and social security45€418k€348k▼
Taxes450/3€219k€97k▼
Remuneration and social security454/9€198k€252k▲
Other amounts payable47/48€87k€486k▲
Accrued charges and deferred income492/3€17k€80k▲
Income statement
Code20242025
Operating income70/76A€13.19M€15.02M▲
Turnover70€13.06M€14.91M▲
Other operating income74€125k€100k▼
Non-recurring operating income76A€2k€9k▲
Operating charges60/66A€12.41M€14.40M▲
Goods for resale, raw materials and consumables60€6.99M€8.61M▲
Purchases600/8€7.68M€8.56M▲
Change in stocks: decrease (increase)609€-684k€46k▲
Services and other goods61€3.14M€3.59M▲
Remuneration, social security and pensions62€1.52M€1.52M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€553k€581k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€111k-
Other operating charges640/8€94k€105k▲
Non-recurring operating charges66A€2k-
Operating profit (loss)9901€783k€618k▼
Financial income75/76B€21k€13k▼
Recurring financial income75€21k€10k▼
Income from financial fixed assets750-€640
Other financial income752/9€21k€9k▼
Non-recurring financial income76B€193€3k▲
Financial charges65/66B€182k€164k▼
Recurring financial charges65€182k€164k▼
Debt charges650€129k€110k▼
Other financial charges652/9€53k€54k▲
Profit (loss) for the period before taxes9903€622k€467k▼
Transfer from deferred taxes780€29k€29k=
Income taxes67/77€199k€161k▼
Taxes670/3€199k€161k▼
Profit (loss) for the period9904€452k€335k▼
Transfer from tax-exempt reserves789€87k€87k=
Profit (loss) for the period to be appropriated9905€539k€422k▼
Appropriation of the result
Profit (loss) to be appropriated9906€539k€422k▼
Transfer to equity691/2€539k€22k▼
To other reserves6921€539k€22k▼
Profit to be distributed694/7-€400k
Return on contributions (dividend)694-€400k
Social balance
Average headcount (FTE)908723.623.6=
The notes to these accounts (83 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €939k ▲378%
Operating result €1.44M, net result €939k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2MEq €2.12M ▲9.3%
4 profitable years in a row build equity to €2.12M.
03-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Tongeren · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Luikersteenweg 2183700 TongerenGround area
1,458 m²
Building footprint
234 m²
Volume, LiDAR
824 m³
Parcel 73083D0501/00K000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Luikersteenweg 218, 3700 Tongeren
since 19952.070.424.121
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73083D0501/00K000 | Flanders | 1,458 m² | 1 · 234 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Flemish government
2022 to 2025 · 3 entries · 5,985 EUR awarded · 5,794 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 243 EUR | 5,310 EUR |
| 2024 | 1 | 5,292 EUR | 34 EUR |
| 2022 | 1 | 450 EUR | 450 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryARTIMAR NV van publiek recht43921
Similar companies · same sector, comparable size
Olanbra
BE 0763.823.728
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VAN AELST STONE PRODUCTS
BE 0869.807.215
Malle · Eq €3.95M
UNITRON GROUP
BE 0416.004.789
Poperinge · Eq €3.98M
Den Dam
BE 0437.584.420
Beerse · Eq €3.38M
G&M Natural Stones
BE 0505.706.035
Herenthout · Eq €4.09M
Of 736 companies in sector 23700 we hold annual accounts for 489. 177 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-02-1995
Fiscal year end31-12
Activities, NACEBEL
23700Cutting, shaping and finishing of stone
26700
43990Other specialised construction activities
43999Specialised construction activities
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.