Artion
Open bankruptcyA bankruptcy procedure is open for Artion according to publications in the Belgian State Gazette; curator: GEERT DEFREYNE. The 2025 annual accounts show negative equity (€-389k) and a net result of €-740k.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-389k
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 01-07-2026, 30 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
30 d early
2024
28 d early
2023
68 d early
2022
5 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-389k
2024 · €351k
2022: €-47k
2023: €-85k
2024: €351k
2022 → 2025
Total assets
€880k▼ 13.6%
2024 · €1.02M
2022: €66k
2023: €110k
2024: €1.02M
2022 → 2025
Net result
€-740k▼ 59.5%
2024 · €-464k
2022: €-97k
2023: €-39k
2024: €-464k
2022 → 2025
Working capital
€344k▼ 36.4%
2024 · €541k
2022: €-6k
2023: €-42k
2024: €541k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-47k-€-85k▼ 83.4%€351k€-389k
Operating result€-93k-€-37k▲ 60.5%€-459k▼ 1,146%€-728k▼ 58.4%
Net result€-97k-€-39k▲ 59.8%€-464k▼ 1,094%€-740k▼ 59.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €728k in 2025 against €459k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €880k
Fixed assets
€197k▲ 6.3%
Current assets
€683k▼ 18.1%
Key figures and ratios
EBITDA
€-665k▼
2024 · €-433k
Cash flow
€-677k▼
2024 · €-437k
Solvency
-44.2%▼
2024 · 34.4%
Current ratio
2.01▼
2024 · 2.85
Quick ratio
2.01▼
2024 · 2.85
Debt / equity
-3.26▼
2024 · 1.90
ROA
-84.1%▼
2024 · -45.5%
Interest coverage
-43.07▲
2024 · -53.27
Debt
€1.27M▲
2024 · €668k
Debt ≤ 1 year
€339k▲
2024 · €293k
Debt > 1 year
€535k▲
2024 · €222k
Income taxes
€613▲
2024 · €388
Staff costs
€440k▲
2024 · €134k
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€1.02M€880k▼
Fixed assets21/28€185k€197k▲
Intangible fixed assets21€180k€189k▲
Tangible fixed assets22/27€5k€8k▲
Furniture and vehicles24€5k€8k▲
Current assets29/58€834k€683k▼
Amounts receivable within one year40/41€189k€423k▲
Trade receivables40€166k€209k▲
Other amounts receivable41€24k€213k▲
Cash at bank and in hand54/58€611k€249k▼
Deferred charges and accrued income490/1€33k€11k▼
Equity and liabilities
Total equity and liabilities10/49€1.02M€880k▼
Equity10/15€351k€-389k▼
Contributions10/11€950k€950k=
Profit (loss) carried forward14€-599k€-1.34M▼
Amounts payable17/49€668k€1.27M▲
Amounts payable after more than one year17€222k€535k▲
Financial debts170/4€222k€535k▲
Amounts payable within one year42/48€293k€339k▲
Current portion of amounts payable after more than one year42€29k€22k▼
Trade debts44€227k€221k▼
Suppliers440/4€227k€221k▼
Taxes, remuneration and social security45€37k€96k▲
Taxes450/3€3k€13k▲
Remuneration and social security454/9€33k€83k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€153k€395k▲
Income statement
Code20242025
Remuneration, social security and pensions62€134k€440k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€63k▲
Other operating charges640/8€678€2k▲
Gross operating margin9900€-298k€-223k▲
Operating profit (loss)9901€-459k€-728k▼
Financial income75/76B€4k€4k▼
Recurring financial income75€4k€4k▼
Financial charges65/66B€8k€15k▲
Recurring financial charges65€8k€15k▲
Profit (loss) for the period before taxes9903€-463k€-739k▼
Income taxes67/77€388€613▲
Profit (loss) for the period9904€-464k€-740k▼
Profit (loss) for the period to be appropriated9905€-464k€-740k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-599k€-1.34M▼
Profit (loss) brought forward from the previous period14P€-135k€-599k▼
The notes to these accounts (11 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
07-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · ARTION BV GROTE GANZE- PLAS 34, 9880 AALTER · event 27-08-2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-740k
Net result drops to €-740k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 2.85
Current ratio from 0.59 to 2.85.
31-12
Financial
Equity above €200kEq €351k
Equity rises from €-85k to €351k.
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Aalter · 1 establishment unit since 2021
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.
Grote Ganzeplas 349880 AalterGround area
3,193 m²
Building footprint
311 m²
Volume, LiDAR
2,130 m³
Parcel 44502C0910/00N000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Artion
since 20212.318.834.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44502C0910/00N000 | Flanders | 3,193 m² | 1 · 311 m² | 10.1 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GEERT DEFREYNE KORTRIJKSESTEENWEG 361,
9000 GENT |
27-08-2026 → present |
Public money · subsidies and aid
Flemish government
2024 to 2025 · 5 entries · 262,517 EUR awarded · 29,884 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 260,918 EUR | 28,285 EUR |
| 2024 | 1 | 1,599 EUR | 1,599 EUR |
Schemes
Ontwikkelingsproject
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Individueel Maatwerk
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 37,205 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2021
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.