ARTIMET

Active

Private limited companyfounded 198936 yrs activeRode-Rokstraat 69, 3511 Hasselt, BelgiumKBO/BCE: BE 0439.861.247

Summary

The annual accounts of ARTIMET for fiscal year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €12,507 and a net result of -€18,242. Equity is shrinking by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 493 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysisWatch Report Compare

ARTIMETActiveChecked score 53/100

Risk analysis Report Compare

Activity

Manufacture of furniture

NACE 31001NACE 31010NACE 36121

1 site

Size

€72,269total assets 2025

Equity: €12,507
Loss: -€18,242

Turnover not published (abridged schema)

Financial health

53 Fair Checked score 2025

Bankruptcy chance 12 m: 1.0%

Structure

Accounts 38 d early0 of 8 deeds read

Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Sector Manufacture of furniture (NACE 31)- Loss of €18,242, the second in a row (FY 2025)- Equity €12,507 (17.3% of total assets)+ Size: total assets €72,269Show the evidence

Checked score

Score 2025

53 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 16% of its sector peers (NACE 31, micro)

Performance against the sector, not lower risk

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 42-14

equity 17.3% of total assets

Liquidity 26-19

short-term debt 82.7% · cash 17.4%

Profitability 0-57

return on assets -25.2%

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (828 companies)

Last 24 months 11-2024: 1.0% 12-2024: 1.0%● 0.0% vs 11-2024 01-2025: 1.0%▼ -1.0% vs 12-2024 02-2025: 1.0%● 0.0% vs 01-2025 03-2025: 1.0%● 0.0% vs 02-2025 04-2025: 1.1%▲ +8.2% vs 03-2025 05-2025: 1.1%▲ +2.2% vs 04-2025 06-2025: 1.1%▼ -2.9% vs 05-2025 07-2025: 1.4%▲ +23.1% vs 06-2025highest value 08-2025: 0.4%▼ -72.4% vs 07-2025 09-2025: 0.4%● 0.0% vs 08-2025 10-2025: 0.4%● 0.0% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.4%● 0.0% vs 11-2025 01-2026: 0.4%▼ -1.1% vs 12-2025 02-2026: 0.4%▼ -2.2% vs 01-2026lowest value 03-2026: 0.4%● 0.0% vs 02-2026lowest value 04-2026: 0.4%▲ +7.5% vs 03-2026 05-2026: 0.4%▲ +0.5% vs 04-2026 06-2026: 0.4%▼ -3.1% vs 05-2026 07-2026: 1.0%▲ +177% vs 06-2026 08-2026: 1.0%● 0.0% vs 07-2026 09-2026: 1.0%● 0.0% vs 08-2026 10-2026: 1.0%● 0.0% vs 09-2026

Sector Manufacture of furniture (NACE 31) raises the probability
Loss of €18,242, the second in a row (FY 2025) raises the probability
Size: total assets €72,269 lowers the probability for this profile
Equity €12,507 (17.3% of total assets) raises the probability

Credit up to €500 at 30 days only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity tight (current ratio 1.19 against 1.29 in 2024; short-term debt: 82.7% and cash: 17.4% of total assets), and 82.7% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 31, micro). Better than this share of them on solvency 30%, liquidity 19%, profitability 7%, growth against the median 9%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Sector Manufacture of furniture (NACE 31)

In the bankruptcy model this factor raises the probability.

KBO

Loss of €18,242, the second in a row (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: total assets €72,269

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Equity €12,507 (17.3% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€18,242

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

38 d early

2024

14 d early

2023

on the day

2022

17 d early

2021

1 d early

2020

8 d early

2019

14 d early

← 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 13 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)

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 17 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

05-10-2026 today31-12-2026 close31-07-2027 deadline

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

23-06-26 Annual accounts filedfiscal year 2025 · micro…
17-07-25 Annual accounts filedfiscal year 2024 · micro…
31-07-24 Annual accounts filedfiscal year 2023 · micro…

Key points

Risk: 3 loss-making years in a rowloss fiscal year 2025 -€18,242 View
Caution: Among the weakest 11% on net resultsector median €5,249 · 495 companies -€18,242 View
Positive: Always filed on timeaccounts within the deadline every year 8 years View