Summary
ARTIMMAS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €440,104 and a net result of €141,472. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 50% of 5593 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
6 d early
2023
6 d early
2022
2 d late
2021
9 d late
2020
3 d late
2019
19 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 3 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€440,104▲ 28.8%
2024 · €341,633
Net result
€141,472▲ 6.6%
2024 · €132,673
Total assets
€850,173▲ 12.0%
2024 · €758,753
Solvency
51.8%▲ 6.7pp
2024 · 45.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€67,564▲ 3.1%€65,545▼ 3.0%-€84,564€66,745€221,856▲ 232%
Net result€41,259within the sector's middle half▼ 0.2%€51,369within the sector's middle half▲ 24.5%-€92,035below the sector's middle half€132,673within the sector's middle half€141,472within the sector's middle half▲ 6.6%
Equity€249,626below the sector's middle half▲ 10.6%€300,995below the sector's middle half▲ 20.6%€208,960below the sector's middle half▼ 30.6%€341,633below the sector's middle half▲ 63.5%€440,104within the sector's middle half▲ 28.8%
Total assets€349,286below the sector's middle half▼ 1.3%€390,643below the sector's middle half▲ 11.8%€367,531below the sector's middle half▼ 5.9%€758,753below the sector's middle half▲ 106%€850,173within the sector's middle half▲ 12.0%
Debt€99,660▼ 22.4%€89,648▼ 10.0%€158,571▲ 76.9%€417,120▲ 163%€410,068▼ 1.7%
Working capital€82,013within the sector's middle half▲ 136%€100,430within the sector's middle half▲ 22.5%-€75,144within the sector's middle half-€6,955within the sector's middle half▲ 90.7%-€7,106within the sector's middle half▼ 2.2%
Solvency71.5%within the sector's middle half▲ 7.7pp77.1%within the sector's middle half▲ 5.6pp56.9%within the sector's middle half▼ 20.2pp45.0%within the sector's middle half▼ 11.8pp51.8%within the sector's middle half▲ 6.7pp
Current ratio2.02within the sector's middle half▲ 0.672.22within the sector's middle half▲ 0.200.52within the sector's middle half▼ 1.700.97within the sector's middle half▲ 0.450.98within the sector's middle half=
Return on assets (ROA)11.8%above the sector's middle half▲ 0.1pp13.1%above the sector's middle half▲ 1.3pp-25.0%below the sector's middle half▼ 38.2pp17.5%above the sector's middle half▲ 42.5pp16.6%above the sector's middle half▼ 0.8pp
Staff (FTE)1.1within the sector's middle half2.9above the sector's middle half▲ 164%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 232% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €850,173
Fixed assets
€559,844 ▲ 14.6%
Current assets
€290,328 ▲ 7.4%
Equity and liabilities €850,173
Equity
€440,104 ▲ 28.8%
Debt
€410,068 ▼ 1.7%
Debt's share of the balance-sheet total falls from 55.0% to 48.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
32.1%▼
2024 · 38.8%
Debt ≤ 1 year
€297,434▲
2024 · €277,171
Debt > 1 year
€112,634▼
2024 · €138,724
Income taxes
€74,508▲
2024 · €8,273
Staff costs
€180,404▲
2024 · €71,235
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €32,636 | €71,235 | €180,404 | ▲ 153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,782 | €33,109 | €51,049 | €63,009 | €89,827 | ▲ 42.6% |
| Other operating charges640/8 | €303 | €4,618 | €789 | €845 | €2,173 | ▲ 157% |
| Gross operating margin9900 | €108,650 | €103,272 | -€91 | €201,834 | €494,259 | ▲ 145% |
| Operating profit (loss)9901 | €67,564 | €65,545 | -€84,564 | €66,745 | €221,856 | ▲ 232% |
| Financial income75/76B | - | €10,323 | €3 | €76,178 | €39 | ▼ 99.9% |
| Recurring financial income75 | - | €4 | €3 | €76,032 | €39 | ▼ 99.9% |
| Non-recurring financial income76B | - | €10,318 | - | €146 | - | - |
| Financial charges65/66B | €3,235 | €387 | €925 | €1,978 | €5,916 | ▲ 199% |
| Recurring financial charges65 | €3,235 | €387 | €925 | €1,978 | €5,916 | ▲ 199% |
| Profit (loss) for the period before taxes9903 | €64,329 | €75,480 | -€85,485 | €140,946 | €215,980 | ▲ 53.2% |
| Income taxes67/77 | €23,070 | €24,111 | €6,549 | €8,273 | €74,508 | ▲ 801% |
| Profit (loss) for the period9904 | €41,259 | €51,369 | -€92,035 | €132,673 | €141,472 | ▲ 6.6% |
| Profit (loss) for the period to be appropriated9905 | €41,259 | €51,369 | -€92,035 | €132,673 | €141,472 | ▲ 6.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €349,286 | €390,643 | €367,531 | €758,753 | €850,173 | ▲ 12.0% |
| Fixed assets21/28 | €186,584 | €207,889 | €285,329 | €488,536 | €559,844 | ▲ 14.6% |
| Intangible fixed assets21 | - | - | - | €136,471 | €122,471 | ▼ 10.3% |
| Tangible fixed assets22/27 | €186,534 | €207,839 | €285,279 | €352,015 | €437,323 | ▲ 24.2% |
| Land and buildings22 | - | - | - | €86,706 | €176,528 | ▲ 104% |
| Plant, machinery and equipment23 | €3,068 | €2,630 | €2,192 | €1,753 | €1,315 | ▼ 25.0% |
| Furniture and vehicles24 | €69,465 | €105,459 | €197,587 | €192,306 | €202,480 | ▲ 5.3% |
| Other tangible fixed assets26 | €114,000 | €99,750 | €85,500 | €71,250 | €57,000 | ▼ 20.0% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €162,703 | €182,754 | €82,202 | €270,217 | €290,328 | ▲ 7.4% |
| Amounts receivable within one year40/41 | €84,945 | €16,184 | €32,999 | €139,677 | €171,103 | ▲ 22.5% |
| Trade receivables40 | €84,274 | €16,007 | €32,822 | €63,677 | €22,580 | ▼ 64.5% |
| Other amounts receivable41 | €671 | €176 | €176 | €76,000 | €148,522 | ▲ 95.4% |
| Cash at bank and in hand54/58 | €77,757 | €162,392 | €35,593 | €95,755 | €84,004 | ▼ 12.3% |
| Deferred charges and accrued income490/1 | - | €4,178 | €13,610 | €34,785 | €35,222 | ▲ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €349,286 | €390,643 | €367,531 | €758,753 | €850,173 | ▲ 12.0% |
| Equity10/15 | €249,626 | €300,995 | €208,960 | €341,633 | €440,104 | ▲ 28.8% |
| Contributions10/11 | €163,060 | €163,060 | €163,060 | €163,060 | €163,060 | = |
| Capital10 | €163,060 | €163,060 | - | - | - | - |
| Issued capital100 | €169,260 | €169,260 | - | - | - | - |
| Uncalled capital101 | €6,200 | €6,200 | - | - | - | - |
| Reserves13 | €84,241 | €129,696 | €129,696 | €175,150 | €273,150 | ▲ 56.0% |
| Non-distributable reserves130/1 | €2,011 | €2,011 | - | - | - | - |
| Legal reserve130 | €2,011 | €2,011 | - | - | - | - |
| Tax-exempt reserves132 | €1,321 | €1,321 | €1,321 | €1,321 | €1,321 | = |
| Distributable reserves133 | €80,909 | €126,364 | €128,374 | €173,829 | €271,829 | ▲ 56.4% |
| Profit (loss) carried forward14 | €2,325 | €8,239 | -€83,796 | €3,422 | €3,894 | ▲ 13.8% |
| Amounts payable17/49 | €99,660 | €89,648 | €158,571 | €417,120 | €410,068 | ▼ 1.7% |
| Amounts payable after more than one year17 | €12,132 | €6,099 | - | €138,724 | €112,634 | ▼ 18.8% |
| Financial debts170/4 | €12,132 | €6,099 | - | €138,724 | €112,634 | ▼ 18.8% |
| Amounts payable within one year42/48 | €80,689 | €82,324 | €157,346 | €277,171 | €297,434 | ▲ 7.3% |
| Current portion of amounts payable after more than one year42 | €10,634 | €6,033 | €6,099 | €25,150 | €26,090 | ▲ 3.7% |
| Trade debts44 | €400 | €3,580 | €1,458 | €2,052 | €1,866 | ▼ 9.1% |
| Suppliers440/4 | €400 | €3,580 | €1,458 | €2,052 | €1,866 | ▼ 9.1% |
| Advances received on contracts in progress46 | - | - | - | €8,299 | €6,151 | ▼ 25.9% |
| Taxes, remuneration and social security45 | €53,189 | €57,262 | €33,280 | €46,205 | €162,547 | ▲ 252% |
| Taxes450/3 | €51,215 | €54,981 | €21,517 | €19,724 | €131,518 | ▲ 567% |
| Remuneration and social security454/9 | €1,974 | €2,281 | €11,763 | €26,481 | €31,029 | ▲ 17.2% |
| Other amounts payable47/48 | €16,466 | €15,449 | €116,509 | €195,465 | €100,780 | ▼ 48.4% |
| Accrued charges and deferred income492/3 | €6,839 | €1,225 | €1,225 | €1,225 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,259 | €51,369 | -€92,035 | €132,673 | €141,472 | ▲ 6.6% |
| + Depreciation and write-downs630 | €40,782 | €33,109 | €51,049 | €63,009 | €89,827 | ▲ 42.6% |
| Operating cash flow (approximation) | €82,041 | €84,478 | -€40,986 | €195,682 | €231,298 | ▲ 18.2% |
| Investment in fixed assets (approximation) | - | -€54,414 | -€128,489 | -€266,217 | -€161,135 | ▲ 39.5% |
| Change in cash | - | €84,635 | -€126,799 | €60,161 | -€11,751 | ▼ 120% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €141,472 ▲6.6%
Operating result €221,856, net result €141,472, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €132,673
Net result €132,673 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€92,035
Net result drops to -€92,035, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
31-12
Financial
Back to profitnet €41,346
Net result €41,346 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €225,640 ▲22.4%
Equity rises from €184,294 to €225,640.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
Show earlier events
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Manhay · 1 establishment unit since 2002
Ground area
4,782 m²
Building footprint
302 m²
Parcel 83023A0425/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de la Croix Georges, Harre 8, 6960 Manhay
since 20022.132.974.372
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83023A0425/00E000 | Wallonia | 4,782 m² | 1 · 301 m² | - |
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.
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Of 806 companies in sector 64999 we hold annual accounts for 487. 301 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
Founded02-09-2002
Fiscal year end31-12
Activities, NACEBEL 2025
64999Other financial services
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478243157
Also
9925:BE0478243157
Registered
27-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.