Artisans & Co
ActiveSummary
Artisans & Co has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€97,195) and a net result of -€4,004. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 10% of 1577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-18
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.7 in 2024; short-term debt: 55.1% and cash: 5% of total assets), and equity is negative.
Credit check for your own amount and term
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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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more 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 2025Solvency, return and age of the figures
Solvency
-53.5%
Return on assets
-2.2%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€97,195
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-04-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
63 d early
2023
14 d early
2022
32 d early
2021
2 d early
2020
71 d early
2019
112 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 46 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 2 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Flémalle, Manufacturing sector
Equity
-€97,195▼ 4.3%
2024 · -€93,191
Total assets
€181,630▼ 1.3%
2024 · €184,038
Net result
-€4,004
2024 · €21,833
Working capital
-€56,185▼ 159%
2024 · -€21,674
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,622▲ 88.5%€2,836▼ 89.7%-€31,211€27,668-€1,259
Net result€20,705within the sector's middle half▲ 138%-€51within the sector's middle half-€34,474below the sector's middle half▼ 67,855%€21,833within the sector's middle half-€4,004below the sector's middle half
Equity-€80,499below the sector's middle half▲ 20.5%-€80,550below the sector's middle half▼ 0.1%-€115,024below the sector's middle half▼ 42.8%-€93,191below the sector's middle half▲ 19.0%-€97,195below the sector's middle half▼ 4.3%
Total assets€221,280within the sector's middle half▲ 21.6%€196,214within the sector's middle half▼ 11.3%€223,376within the sector's middle half▲ 13.8%€184,038within the sector's middle half▼ 17.6%€181,630within the sector's middle half▼ 1.3%
Debt€301,780▲ 6.6%€276,765▼ 8.3%€338,400▲ 22.3%€277,229▼ 18.1%€278,825▲ 0.6%
Working capital-€29,190below the sector's middle half▼ 249%-€36,616within the sector's middle half▼ 25.4%-€84,120below the sector's middle half▼ 130%-€21,674within the sector's middle half▲ 74.2%-€56,185below the sector's middle half▼ 159%
Solvency-36.4%below the sector's middle half▲ 19.2pp-41.1%below the sector's middle half▼ 4.7pp-51.5%below the sector's middle half▼ 10.4pp-50.6%below the sector's middle half▲ 0.9pp-53.5%below the sector's middle half▼ 2.9pp
Current ratio0.72within the sector's middle half▼ 0.160.51below the sector's middle half▼ 0.210.40below the sector's middle half▼ 0.110.70within the sector's middle half▲ 0.290.44below the sector's middle half▼ 0.26
Return on assets (ROA)9.4%within the sector's middle half▲ 4.6pp0.0%within the sector's middle half▼ 9.4pp-15.4%below the sector's middle half▼ 15.4pp11.9%within the sector's middle half▲ 27.3pp-2.2%within the sector's middle half▼ 14.1pp
Staff (FTE)9.2▲ 268%8.6▼ 6.5%8.4▼ 2.3%10.8▲ 28.6%9.2▼ 14.8%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,259 after €27,668 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €181,630
Fixed assets
€137,748 ▲ 2.9%
Current assets
€43,883 ▼ 12.6%
Equity and liabilities
Equity-€97,195
Debt€278,825
Equity is negative: debt (€278,825) exceeds the balance-sheet total (€181,630).
Key figures and ratios
EBITDA
€23,431▼
2024 · €56,012
Cash flow
€20,686▼
2024 · €50,177
Quick ratio
0.25▼
2024 · 0.54
Interest coverage
8.22▼
2024 · 9.60
Debt ≤ 1 year
€100,067▲
2024 · €71,890
Debt > 1 year
€172,606▼
2024 · €186,636
Staff costs
€99,411▼
2024 · €111,851
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,795 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €73,442 | €92,289 | €124,773 | €111,851 | €99,411 | ▼ 11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,539 | €25,574 | €27,224 | €28,345 | €24,690 | ▼ 12.9% |
| Other operating charges640/8 | €4,436 | €5,419 | €4,175 | €1,604 | €7,565 | ▲ 372% |
| Non-recurring operating charges66A | - | - | €12,949 | - | - | - |
| Gross operating margin9900 | €122,039 | €126,118 | €137,911 | €169,467 | €130,408 | ▼ 23.0% |
| Operating profit (loss)9901 | €27,622 | €2,836 | -€31,211 | €27,668 | -€1,259 | ▼ 105% |
| Financial income75/76B | €0 | €851 | €3 | €0 | €131 | ▲ 118,809% |
| Recurring financial income75 | €0 | €851 | €3 | €0 | €131 | ▲ 118,809% |
| Financial charges65/66B | €6,917 | €3,737 | €3,266 | €5,835 | €2,876 | ▼ 50.7% |
| Recurring financial charges65 | €6,917 | €3,737 | €3,266 | €5,835 | €2,851 | ▼ 51.1% |
| Non-recurring financial charges66B | - | - | - | - | €25 | - |
| Profit (loss) for the period before taxes9903 | €20,705 | -€51 | -€34,474 | €21,833 | -€4,004 | ▼ 118% |
| Profit (loss) for the period9904 | €20,705 | -€51 | -€34,474 | €21,833 | -€4,004 | ▼ 118% |
| Profit (loss) for the period to be appropriated9905 | €20,705 | -€51 | -€34,474 | €21,833 | -€4,004 | ▼ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €221,280 | €196,214 | €223,376 | €184,038 | €181,630 | ▼ 1.3% |
| Fixed assets21/28 | €145,801 | €158,071 | €166,467 | €133,822 | €137,748 | ▲ 2.9% |
| Tangible fixed assets22/27 | €145,404 | €157,674 | €154,785 | €133,441 | €137,366 | ▲ 2.9% |
| Land and buildings22 | €59,945 | €55,332 | €50,910 | €46,615 | €42,589 | ▼ 8.6% |
| Plant, machinery and equipment23 | €46,756 | €74,931 | €75,987 | €69,876 | €56,563 | ▼ 19.1% |
| Furniture and vehicles24 | €8,947 | €27,411 | €27,889 | €16,950 | €38,214 | ▲ 125% |
| Assets under construction and advance payments27 | €29,756 | - | - | - | - | - |
| Financial fixed assets28 | €397 | €397 | €11,682 | €381 | €381 | = |
| Current assets29/58 | €75,479 | €38,143 | €56,909 | €50,216 | €43,883 | ▼ 12.6% |
| Stocks and contracts in progress3 | €12,090 | €12,951 | €14,637 | €11,544 | €19,269 | ▲ 66.9% |
| Stocks30/36 | €12,090 | €12,951 | €14,637 | €11,544 | €19,269 | ▲ 66.9% |
| Amounts receivable within one year40/41 | €17,948 | €12,467 | €11,396 | €7,251 | €11,349 | ▲ 56.5% |
| Trade receivables40 | €17,651 | €10,906 | €10,460 | €6,394 | €11,080 | ▲ 73.3% |
| Other amounts receivable41 | €297 | €1,561 | €936 | €857 | €269 | ▼ 68.7% |
| Cash at bank and in hand54/58 | €43,445 | €12,021 | €28,707 | €29,143 | €9,156 | ▼ 68.6% |
| Deferred charges and accrued income490/1 | €1,997 | €704 | €2,170 | €2,278 | €4,109 | ▲ 80.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €221,280 | €196,214 | €223,376 | €184,038 | €181,630 | ▼ 1.3% |
| Equity10/15 | -€80,499 | -€80,550 | -€115,024 | -€93,191 | -€97,195 | ▼ 4.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €2,107 | €2,107 | €2,107 | €2,107 | €2,107 | = |
| Non-distributable reserves130/1 | €2,107 | €2,107 | €2,107 | €2,107 | €2,107 | = |
| Reserves not available under the articles1311 | €2,107 | €2,107 | €2,107 | €2,107 | €2,107 | = |
| Profit (loss) carried forward14 | -€101,199 | -€101,249 | -€135,723 | -€113,890 | -€117,894 | ▼ 3.5% |
| Amounts payable17/49 | €301,780 | €276,765 | €338,400 | €277,229 | €278,825 | ▲ 0.6% |
| Amounts payable after more than one year17 | €194,817 | €202,005 | €191,582 | €186,636 | €172,606 | ▼ 7.5% |
| Financial debts170/4 | €194,817 | €202,005 | €191,582 | €186,636 | €172,606 | ▼ 7.5% |
| Amounts payable within one year42/48 | €104,669 | €74,759 | €141,029 | €71,890 | €100,067 | ▲ 39.2% |
| Current portion of amounts payable after more than one year42 | €4,796 | €9,816 | €10,423 | €13,441 | €6,043 | ▼ 55.0% |
| Trade debts44 | €43,203 | €20,668 | €47,540 | €19,046 | €32,721 | ▲ 71.8% |
| Suppliers440/4 | €43,203 | €20,668 | €47,540 | €19,046 | €32,721 | ▲ 71.8% |
| Taxes, remuneration and social security45 | €13,570 | €16,338 | €26,888 | €12,237 | €12,383 | ▲ 1.2% |
| Taxes450/3 | €632 | - | €277 | €114 | €14 | ▼ 87.4% |
| Remuneration and social security454/9 | €12,938 | €16,338 | €26,611 | €12,123 | €12,368 | ▲ 2.0% |
| Other amounts payable47/48 | €43,101 | €27,937 | €56,177 | €27,167 | €48,921 | ▲ 80.1% |
| Accrued charges and deferred income492/3 | €2,293 | - | €5,789 | €18,703 | €6,152 | ▼ 67.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,705 | -€51 | -€34,474 | €21,833 | -€4,004 | ▼ 118% |
| + Depreciation and write-downs630 | €16,539 | €25,574 | €27,224 | €28,345 | €24,690 | ▼ 12.9% |
| Operating cash flow (approximation) | €37,245 | €25,524 | -€7,249 | €50,177 | €20,686 | ▼ 58.8% |
| Investment in fixed assets (approximation) | - | -€37,844 | -€35,620 | €4,300 | -€28,616 | ▼ 765% |
| Change in cash | - | -€31,424 | €16,685 | €436 | -€19,987 | ▼ 4,683% |
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
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €21,833
Net result €21,833 after 2 loss-making years.
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€34,474
Net result drops to -€34,474, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €8,688
Net result €8,688 after 2 loss-making years.
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 25 days late
2017
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full 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.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Flémalle · 1 establishment unit since 1970
Ground area
507 m²
Building footprint
70 m²
Volume, LiDAR
800 m³
Parcel 62036B0386/00D000, Wallonia · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Grand'Route(Flh) 76, 4400 Flémalle
since 19702.105.159.326
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62036B0386/00D000 | Wallonia | 507 m² | 1 · 70 m² | 12.7 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFlémalle2.105.159.326
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,226 companies in this sector we hold annual accounts for 1,878. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded24-06-1970
Fiscal year end30-09
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0407189766
Also
9925:BE0407189766
Registered
09-11-2025
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.