ARTIRIS
ActiveSummary
ARTIRIS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €28,996 and a net result of €28,137. Equity is growing by ~58.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 19364 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency73▼-27
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.48 against 3.28 in 2023; short-term debt: 51.9% and cash: 58.9% of total assets), and 52.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
47.7%
Return on assets
46.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
28 d late
2022
21 d late
2021
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€28,996▲ 39.0%
2023 · €20,859
Total assets
€60,831▲ 132%
2023 · €26,164
Net result
€28,137▲ 23.8%
2023 · €22,725
Working capital
€15,083▲ 24.5%
2023 · €12,110
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€12,013--€4,061▲ 66.2%€23,323€35,655▲ 52.9%
Net result-€13,953--€7,914▲ 43.3%€22,725€28,137▲ 23.8%
Equity€6,047--€1,866€20,859€28,996▲ 39.0%
Total assets€27,373-€17,215▼ 37.1%€26,164▲ 52.0%€60,831▲ 132%
Debt€21,325-€19,081▼ 10.5%€5,305▼ 72.2%€31,835▲ 500%
Working capital-€3,586--€7,951▼ 122%€12,110€15,083▲ 24.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 53% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60,831
Fixed assets
€14,153 ▲ 61.8%
Current assets
€46,678 ▲ 168%
Equity and liabilities €60,831
Equity
€28,996 ▲ 39.0%
Debt
€31,835 ▲ 500%
Debt's share of the balance-sheet total rises from 20.3% to 52.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38,823▲
2023 · €26,637
Cash flow
€31,305▲
2023 · €26,039
Current ratio
1.48▼
2023 · 3.28
Debt to equity
1.10▲
2023 · 0.25
ROE
97.0%▼
2023 · 108.9%
ROA
46.3%▼
2023 · 86.9%
Interest coverage
107.84▲
2023 · 44.39
Debt ≤ 1 year
€31,595▲
2023 · €5,305
Income taxes
€7,158
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 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €800 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,708 | €3,355 | €3,313 | €3,168 | ▼ 4.4% |
| Other operating charges640/8 | - | - | €384 | €387 | ▲ 0.8% |
| Non-recurring operating charges66A | - | - | €602 | - | - |
| Gross operating margin9900 | -€8,305 | -€706 | €27,623 | €39,211 | ▲ 41.9% |
| Operating profit (loss)9901 | -€12,013 | -€4,061 | €23,323 | €35,655 | ▲ 52.9% |
| Financial income75/76B | €0 | €1 | €2 | - | - |
| Recurring financial income75 | €0 | €1 | €2 | - | - |
| Financial charges65/66B | €1,940 | €3,854 | €600 | €360 | ▼ 40.0% |
| Recurring financial charges65 | €1,940 | €3,854 | €600 | €360 | ▼ 40.0% |
| Profit (loss) for the period before taxes9903 | -€13,953 | -€7,914 | €22,725 | €35,295 | ▲ 55.3% |
| Income taxes67/77 | - | - | - | €7,158 | - |
| Profit (loss) for the period9904 | -€13,953 | -€7,914 | €22,725 | €28,137 | ▲ 23.8% |
| Profit (loss) for the period to be appropriated9905 | -€13,953 | -€7,914 | €22,725 | €28,137 | ▲ 23.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €27,373 | €17,215 | €26,164 | €60,831 | ▲ 132% |
| Fixed assets21/28 | €9,634 | €6,085 | €8,749 | €14,153 | ▲ 61.8% |
| Intangible fixed assets21 | €4,339 | €3,246 | €2,153 | €1,060 | ▼ 50.8% |
| Tangible fixed assets22/27 | €3,944 | €2,839 | €6,596 | €13,093 | ▲ 98.5% |
| Furniture and vehicles24 | €3,944 | €2,839 | €6,596 | €13,093 | ▲ 98.5% |
| Financial fixed assets28 | €1,350 | - | - | - | - |
| Current assets29/58 | €17,739 | €11,130 | €17,416 | €46,678 | ▲ 168% |
| Amounts receivable within one year40/41 | €4,424 | €4,079 | €3,898 | €10,849 | ▲ 178% |
| Trade receivables40 | €2,827 | €4,079 | €3,898 | €7,865 | ▲ 102% |
| Other amounts receivable41 | €1,597 | - | - | €2,984 | - |
| Cash at bank and in hand54/58 | €13,315 | €7,051 | €13,517 | €35,829 | ▲ 165% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €27,373 | €17,215 | €26,164 | €60,831 | ▲ 132% |
| Equity10/15 | €6,047 | -€1,866 | €20,859 | €28,996 | ▲ 39.0% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | - | - | - | - |
| Issued capital100 | €20,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€13,953 | -€21,866 | €859 | €8,996 | ▲ 947% |
| Amounts payable17/49 | €21,325 | €19,081 | €5,305 | €31,835 | ▲ 500% |
| Amounts payable within one year42/48 | €21,325 | €19,081 | €5,305 | €31,595 | ▲ 496% |
| Trade debts44 | €5,872 | €3,123 | €417 | €387 | ▼ 7.3% |
| Suppliers440/4 | €5,872 | €3,123 | €417 | €387 | ▼ 7.3% |
| Taxes, remuneration and social security45 | €7 | €519 | €1,472 | €6,275 | ▲ 326% |
| Taxes450/3 | €7 | €519 | €1,472 | €6,275 | ▲ 326% |
| Other amounts payable47/48 | €15,446 | €15,439 | €3,416 | €24,933 | ▲ 630% |
| Accrued charges and deferred income492/3 | - | - | - | €240 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,953 | -€7,914 | €22,725 | €28,137 | ▲ 23.8% |
| + Depreciation and write-downs630 | €3,708 | €3,355 | €3,313 | €3,168 | ▼ 4.4% |
| Operating cash flow (approximation) | -€10,245 | -€4,559 | €26,039 | €31,305 | ▲ 20.2% |
| Investment in fixed assets (approximation) | - | €194 | -€5,977 | -€8,572 | ▼ 43.4% |
| Change in cash | - | -€6,264 | €6,466 | €22,312 | ▲ 245% |
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
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €28,137 ▲23.8%
Operating result €35,655, net result €28,137, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €22,725
Net result €22,725 after 2 loss-making years.
31-12
Financial
Liquidity times 6current ratio 3.28
Current ratio from 0.58 to 3.28; short-term debt falls from €19,081 to €5,305.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 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, Waterloo · 1 establishment unit since 2020
Ground area
120 m²
Building footprint
137 m²
Volume, LiDAR
1,081 m³
Parcel 25762H0307/00A000, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARTIRIS
since 20202.307.689.782
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762H0307/00A000 | Wallonia | 120 m² | 1 · 137 m² | 9.2 m · 3 fl. |
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 1,531 companies in sector 68322 we hold annual accounts for 740. 461 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
Founded28-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68322Real estate appraisal on a fee or contract basis
18130Pre-press and pre-media services
20590Manufacture of chemicals and chemical products
26700Manufacture of computer, electronic and optical products
46150Agents in the wholesale of furniture, household goods and hardware
46423Wholesale of clothing, excluding workwear and underwear
59113Video and film production, excluding cinema and television films
59130Motion picture, video and television programme production, sound recording and music publishing activities
68201Renting and operating of own or leased residential real estate, excluding social housing
74120Graphic design and visual communication
74201Photography, excluding press photography
74209Other photographic activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.