ARTIOSI
ActiveSummary
ARTIOSI has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€545,758) and a net result of -€212,134. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-2
Solvency0▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.78 in 2024; short-term debt: 134.4% and cash: 2.7% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-36.8%
Return on assets
-14.3%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€545,758
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
18 d late
2023
155 d late
2022
17 d late
2021
15 d late
2020
34 d late
2019
22 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 31 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 fastest grower in Dilbeek, Wholesale and retail trade sector
Equity
-€545,758▼ 63.6%
2024 · -€333,624
Total assets
€1.5m▼ 0.3%
2024 · €1.5m
Net result
-€212,134▼ 9.9%
2024 · -€193,075
Working capital
-€629,710▼ 70.8%
2024 · -€368,683
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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-€139,865€119,478-€150,304-€172,156▼ 14.5%-€189,683▼ 10.2%
Net result-€144,720below the sector's middle half€104,517within the sector's middle half-€162,932below the sector's middle half-€193,075below the sector's middle half▼ 18.5%-€212,134below the sector's middle half▼ 9.9%
Equity-€82,134below the sector's middle half€22,383below the sector's middle half-€140,549below the sector's middle half-€333,624below the sector's middle half▼ 137%-€545,758below the sector's middle half▼ 63.6%
Total assets€1.4mwithin the sector's middle half▼ 15.2%€1.7mwithin the sector's middle half▲ 26.1%€1.8mwithin the sector's middle half▲ 2.8%€1.5mwithin the sector's middle half▼ 15.2%€1.5mwithin the sector's middle half▼ 0.3%
Debt€1.4m▼ 6.4%€1.7m▲ 17.3%€1.9m▲ 12.5%€1.8m▼ 3.9%€2.0m▲ 11.4%
Working capital-€76,249-€19,605▲ 74.3%-€165,945▼ 746%-€368,683▼ 122%-€629,710▼ 70.8%
Solvency-6.1%below the sector's middle half▼ 10.0pp1.3%below the sector's middle half▲ 7.4pp-8.0%below the sector's middle half▼ 9.3pp-22.5%below the sector's middle half▼ 14.4pp-36.8%below the sector's middle half▼ 14.4pp
Staff (FTE)11.7above the sector's middle half▼ 8.6%10.9above the sector's middle half▼ 6.8%12.2above the sector's middle half▲ 11.9%13.8above the sector's middle half▲ 13.1%15.3above the sector's middle half▲ 10.9%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €189,683 in 2025 against €172,156 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 €1.5m
Fixed assets
€119,531 ▼ 27.9%
Current assets
€1.4m ▲ 3.1%
Key figures and ratios
EBITDA
-€141,475▼
2024 · -€116,828
Cash flow
-€163,925▼
2024 · -€137,747
Current ratio
0.68▼
2024 · 0.78
Quick ratio
0.34▼
2024 · 0.50
Debt to equity
-3.71▲
2024 · -5.45
ROA
-14.3%▼
2024 · -13.0%
Interest coverage
-5.37▼
2024 · -4.75
Debt ≤ 1 year
€2.0m▲
2024 · €1.7m
Debt > 1 year
€35,578▼
2024 · €51,394
Income taxes
€1,530▲
2024 · €1,176
Staff costs
€1.0m▲
2024 · €897,427
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 682 companies that looked in July 2024 the way this one looks now, 6.3% went bankrupt within 24 months and 84% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
6.3%
went bankrupt
6.2%
stopped otherwise
84%
still going
A further 3.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 682 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €31,007 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €572,505 | €735,735 | €897,427 | €1.0m | ▲ 13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,951 | €46,800 | €65,425 | €55,329 | €48,208 | ▼ 12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €26,457 | -€17,514 | -€17,471 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €16,100 | €38,948 | €62,955 | €18,714 | ▼ 70.3% |
| Non-recurring operating charges66A | - | - | - | - | €4,722 | - |
| Gross operating margin9900 | €451,648 | €781,341 | €672,290 | €826,083 | €899,193 | ▲ 8.9% |
| Operating profit (loss)9901 | -€139,865 | €119,478 | -€150,304 | -€172,156 | -€189,683 | ▼ 10.2% |
| Financial income75/76B | - | €2,294 | €7,876 | €4,870 | €5,444 | ▲ 11.8% |
| Recurring financial income75 | €8,904 | €2,294 | €7,876 | €4,870 | €5,444 | ▲ 11.8% |
| Financial charges65/66B | - | €15,297 | €19,567 | €24,613 | €26,365 | ▲ 7.1% |
| Recurring financial charges65 | €13,067 | €15,297 | €19,567 | €24,613 | €26,365 | ▲ 7.1% |
| Profit (loss) for the period before taxes9903 | -€144,028 | €106,475 | -€161,995 | -€191,899 | -€210,604 | ▼ 9.7% |
| Income taxes67/77 | €691 | €1,958 | €937 | €1,176 | €1,530 | ▲ 30.1% |
| Profit (loss) for the period9904 | -€144,720 | €104,517 | -€162,932 | -€193,075 | -€212,134 | ▼ 9.9% |
| Transfer from tax-exempt reserves789 | - | €8,000 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€144,720 | €112,517 | -€162,932 | -€193,075 | -€212,134 | ▼ 9.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.7m | €1.8m | €1.5m | €1.5m | ▼ 0.3% |
| Fixed assets21/28 | €137,202 | €168,542 | €170,485 | €165,782 | €119,531 | ▼ 27.9% |
| Intangible fixed assets21 | - | - | - | €3,400 | €2,580 | ▼ 24.1% |
| Tangible fixed assets22/27 | €129,969 | €159,815 | €161,758 | €153,655 | €108,224 | ▼ 29.6% |
| Plant, machinery and equipment23 | - | €35,599 | €55,068 | €54,393 | €36,444 | ▼ 33.0% |
| Furniture and vehicles24 | - | €72,205 | €56,260 | €59,007 | €40,443 | ▼ 31.5% |
| Other tangible fixed assets26 | - | €52,012 | €50,430 | €40,255 | €31,338 | ▼ 22.2% |
| Financial fixed assets28 | €7,233 | €8,727 | €8,727 | €8,727 | €8,727 | = |
| Current assets29/58 | €1.2m | €1.5m | €1.6m | €1.3m | €1.4m | ▲ 3.1% |
| Stocks and contracts in progress3 | €248,669 | €464,959 | €897,529 | €483,477 | €674,613 | ▲ 39.5% |
| Stocks30/36 | - | €464,959 | €897,529 | €483,477 | €674,613 | ▲ 39.5% |
| Amounts receivable within one year40/41 | €769,019 | €873,754 | €597,226 | €702,650 | €596,820 | ▼ 15.1% |
| Trade receivables40 | - | €700,000 | €384,354 | €439,800 | €338,078 | ▼ 23.1% |
| Other amounts receivable41 | - | €173,753 | €212,872 | €262,850 | €258,742 | ▼ 1.6% |
| Cash at bank and in hand54/58 | €172,612 | €194,085 | €49,042 | €53,476 | €40,321 | ▼ 24.6% |
| Deferred charges and accrued income490/1 | - | €3,852 | €38,562 | €80,469 | €49,839 | ▼ 38.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.7m | €1.8m | €1.5m | €1.5m | ▼ 0.3% |
| Equity10/15 | -€82,134 | €22,383 | -€140,549 | -€333,624 | -€545,758 | ▼ 63.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €56,385 | €48,385 | €48,385 | €48,385 | €48,385 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €46,526 | €46,526 | €46,526 | €46,526 | = |
| Profit (loss) carried forward14 | -€144,720 | -€32,203 | -€195,134 | -€388,209 | -€600,343 | ▼ 54.6% |
| Amounts payable17/49 | €1.4m | €1.7m | €1.9m | €1.8m | €2.0m | ▲ 11.4% |
| Amounts payable after more than one year17 | €97,947 | €88,897 | €68,205 | €51,394 | €35,578 | ▼ 30.8% |
| Financial debts170/4 | - | €88,897 | €68,205 | €51,394 | €35,578 | ▼ 30.8% |
| Amounts payable within one year42/48 | €1.3m | €1.6m | €1.7m | €1.7m | €2.0m | ▲ 17.9% |
| Current portion of amounts payable after more than one year42 | - | €22,404 | €21,932 | €18,082 | €17,117 | ▼ 5.3% |
| Financial debts43 | - | €235,027 | €235,075 | €292,606 | €577,394 | ▲ 97.3% |
| Credit institutions430/8 | - | €235,027 | €235,075 | €292,606 | €577,394 | ▲ 97.3% |
| Trade debts44 | €511,045 | €579,459 | €556,969 | €494,215 | €442,090 | ▼ 10.5% |
| Suppliers440/4 | - | €579,459 | €556,969 | €494,215 | €442,090 | ▼ 10.5% |
| Advances received on contracts in progress46 | - | €544,332 | €799,252 | €647,094 | €458,715 | ▼ 29.1% |
| Taxes, remuneration and social security45 | - | €175,033 | €135,076 | €236,758 | €433,366 | ▲ 83.0% |
| Taxes450/3 | - | €90,110 | €41,835 | €86,285 | €252,186 | ▲ 192% |
| Remuneration and social security454/9 | - | €84,923 | €93,241 | €150,473 | €181,181 | ▲ 20.4% |
| Other amounts payable47/48 | - | - | - | - | €62,622 | - |
| Accrued charges and deferred income492/3 | - | €37,658 | €76,883 | €79,330 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€144,720 | €104,517 | -€162,932 | -€193,075 | -€212,134 | ▼ 9.9% |
| + Depreciation and write-downs630 | €35,951 | €46,800 | €65,425 | €55,329 | €48,208 | ▼ 12.9% |
| Operating cash flow (approximation) | -€108,769 | €151,317 | -€97,506 | -€137,747 | -€163,925 | ▼ 19.0% |
| Investment in fixed assets (approximation) | - | -€78,140 | -€67,368 | -€50,626 | -€1,957 | ▲ 96.1% |
| Change in cash | - | €21,473 | -€145,043 | €4,434 | -€13,155 | ▼ 397% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€212,134
Net result drops to -€212,134, the lowest in the series.
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 155 days late
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
31-03
Financial
Back to profitnet €104,517
Net result €104,517 after one loss-making year.
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 15 days late
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 34 days late
31-03
Financial
Back to profitnet €8,712
Net result €8,712 after one loss-making year.
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
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.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Dilbeek · 2 establishment units since 1993
Ground area
2,472 m²
Building footprint
759 m²
Volume, LiDAR
4,673 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
ARTIOSI
since 19932.062.166.847
ARTIOSI LOGISTICS
since 20152.244.674.030
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23070D0242/00D000 | Flanders | 1,447 m² | - | - |
| 23070A0049/00R000 | Flanders | 1,025 m² | 1 · 759 m² | 9.8 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.
Structure & network
Owners and holdings
1 ownerChain of control
- I-NOW
- ARTIOSI
Highest known parent: I-NOW. The sources do not say who stands above it.
Owners 1
- I-NOWparentSourceaccounts I-NOW 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 822 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 576 EUR | 0 EUR |
| 2022 | 1 | 246 EUR | 0 EUR |
Similar companies · same sector, comparable size
RS LINE
BE 0454.142.518
Oostkamp · Eq €22,732
BEST DEAL BEST CHOICE
BE 0799.130.540
Anderlecht · Eq €22,930
Bumatherm
BE 0412.546.047
Virton · Eq €23,042
Hilde Devinck
BE 0759.883.053
Oostkamp · Eq €21,625
V-LINE MEUBLES
BE 0460.121.478
Ternat · Eq €23,339
Of 679 companies in sector 46494 we hold annual accounts for 530. 204 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
Founded29-04-1993
Fiscal year end31-03
Activities, NACEBEL 2025
46494Wholesale of non-electrical household articles
46649Wholesale of other machinery and equipment
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449980327
Also
9925:BE0449980327
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.