ARTISLACH
ActiveSummary
ARTISLACH has been active since 1964 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22.7m and a net result of €3.9m. Equity is growing by ~10.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+14
Solvency71▲+4
Growth72▲+17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,550,000 at 30 days acceptable
Liquidity short (current ratio 0.94 against 1.86 in 2023; short-term debt: 27.5% and cash: 4.9% of total assets), and 54.1% of the assets are financed with debt.
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 · 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
45.9%
Return on assets
7.8%
Age of the figures
21 mo
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
15 d early
2023
1 d early
2022
38 d early
2021
32 d early
2020
18 d early
2019
32 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 24 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 June (4 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
Go further with this company
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Financials · fiscal year 2024, full schema
In the rankings
#3 company by total assets in Aalst, Manufacturing sector#3 company by equity in Aalst, Manufacturing sector#8 oldest company in Aalst, Manufacturing sector
Turnover
€114.7m▲ 13.0%
2023 · €101.5m
EBIT margin
5.2%▲ 4.7pp
2023 · 0.4%
Net result
€3.9m▲ 185,796%
2023 · €2,084
Working capital
-€812,318
2023 · €5.7m
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
Line20202021202220232024
Turnover€62.3m▼ 8.6%€78.7m▲ 26.3%€104.0m▲ 32.2%€101.5m▼ 2.4%€114.7m▲ 13.0%
Operating result€1.7m▼ 49.5%€4.0m▲ 133%€7.6m▲ 90.9%€453,179▼ 94.0%€5.9m▲ 1,207%
Net result€1.2mabove the sector's middle half▼ 48.3%€3.0mabove the sector's middle half▲ 156%€5.7mabove the sector's middle half▲ 91.3%€2,084within the sector's middle half▼ 100.0%€3.9mabove the sector's middle half▲ 185,796%
EBIT margin2.7%▼ 2.2pp5.1%▲ 2.3pp7.3%▲ 2.2pp0.4%▼ 6.8pp5.2%▲ 4.7pp
Equity€15.2mabove the sector's middle half▲ 8.3%€17.2mabove the sector's middle half▲ 13.0%€20.9mabove the sector's middle half▲ 21.5%€20.9mabove the sector's middle half=€22.7mabove the sector's middle half▲ 9.0%
Total assets€20.1mabove the sector's middle half▼ 4.4%€23.5mabove the sector's middle half▲ 16.8%€35.7mabove the sector's middle half▲ 51.5%€49.6mabove the sector's middle half▲ 39.0%€49.5mabove the sector's middle half▼ 0.1%
Debt€5.0m▼ 29.7%€6.4m▲ 28.6%€14.8m▲ 132%€28.7m▲ 94.0%€26.8m▼ 6.7%
Working capital€11.8mabove the sector's middle half▼ 2.5%€10.0mabove the sector's middle half▼ 14.8%€8.1mabove the sector's middle half▼ 19.0%€5.7mabove the sector's middle half▼ 30.3%-€812,318below the sector's middle half
Solvency75.4%above the sector's middle half▲ 8.8pp72.9%above the sector's middle half▼ 2.5pp58.5%above the sector's middle half▼ 14.4pp42.1%within the sector's middle half▼ 16.4pp45.9%within the sector's middle half▲ 3.8pp
Current ratio13.92above the sector's middle half▲ 8.895.35above the sector's middle half▼ 8.572.92above the sector's middle half▼ 2.421.86within the sector's middle half▼ 1.070.94within the sector's middle half▼ 0.91
Return on assets (ROA)5.8%within the sector's middle half▼ 4.9pp12.7%above the sector's middle half▲ 6.9pp16.0%above the sector's middle half▲ 3.3pp0.0%below the sector's middle half▼ 16.0pp7.8%within the sector's middle half▲ 7.8pp
Staff (FTE)35.2within the sector's middle half▼ 3.6%33.1within the sector's middle half▼ 6.0%31.1within the sector's middle half▼ 6.0%30.7within the sector's middle half▼ 1.3%31.7within the sector's middle half▲ 3.3%
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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,207% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49.5m
Fixed assets
€36.7m ▼ 1.5%
Current assets
€12.8m ▲ 4.3%
Equity and liabilities €49.5m
Equity
€22.7m ▲ 9.0%
Debt
€26.8m ▼ 6.7%
Debt's share of the balance-sheet total falls from 57.9% to 54.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13.0m▲
2023 · €5.4m
Cash flow
€11.0m▲
2023 · €4.9m
Quick ratio
0.77▼
2023 · 1.24
Debt to equity
1.18▼
2023 · 1.38
ROE
17.0%▲
2023 · 0.0%
Interest coverage
13.59▲
2023 · 8.35
Debt ≤ 1 year
€13.6m▲
2023 · €6.6m
Debt > 1 year
€13.1m▼
2023 · €21.8m
Income taxes
€1.3m▲
2023 · €30,461
Staff costs
€2.0m▲
2023 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 20,134 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €77.6m | €105.8m | €102.7m | €113.0m | ▲ 10.1% |
| Turnover70 | €62.3m | €78.7m | €104.0m | €101.5m | €114.7m | ▲ 13.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | -€1.3m | €1.8m | €894,355 | -€1.9m | ▼ 308% |
| Other operating income74 | - | €228,343 | €60,048 | €269,207 | €190,589 | ▼ 29.2% |
| Operating charges60/66A | - | €73.7m | €98.2m | €102.2m | €107.1m | ▲ 4.8% |
| Goods for resale, raw materials and consumables60 | - | €58.5m | €79.3m | €79.8m | €81.7m | ▲ 2.3% |
| Purchases600/8 | - | €58.5m | €79.3m | €79.8m | €81.7m | ▲ 2.4% |
| Change in stocks: decrease (increase)609 | - | -€18,198 | -€7,701 | -€16,569 | -€62,072 | ▼ 275% |
| Services and other goods61 | - | €11.6m | €15.1m | €15.5m | €16.3m | ▲ 4.8% |
| Remuneration, social security and pensions62 | - | €1.7m | €1.6m | €1.8m | €2.0m | ▲ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.4m | €1.5m | €2.1m | €4.9m | €7.1m | ▲ 45.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €199,107 | -€37,369 | -€56,053 | -€130,791 | ▼ 133% |
| Other operating charges640/8 | - | €183,498 | €164,984 | €196,549 | €208,510 | ▲ 6.1% |
| Operating profit (loss)9901 | €1.7m | €4.0m | €7.6m | €453,179 | €5.9m | ▲ 1,207% |
| Financial income75/76B | - | €154,271 | €205,995 | €223,403 | €238,164 | ▲ 6.6% |
| Recurring financial income75 | €141,059 | €154,271 | €205,995 | €223,403 | €238,164 | ▲ 6.6% |
| Income from current assets751 | - | €125 | €514 | €4,445 | €7,792 | ▲ 75.3% |
| Other financial income752/9 | - | €154,146 | €205,481 | €218,958 | €230,372 | ▲ 5.2% |
| Financial charges65/66B | - | €169,844 | €169,192 | €644,037 | €962,462 | ▲ 49.4% |
| Recurring financial charges65 | €166,618 | €169,844 | €169,192 | €644,037 | €962,462 | ▲ 49.4% |
| Debt charges650 | €164,188 | €168,048 | €166,884 | €640,786 | €960,323 | ▲ 49.9% |
| Other financial charges652/9 | - | €1,796 | €2,308 | €3,251 | €2,139 | ▼ 34.2% |
| Profit (loss) for the period before taxes9903 | €1.7m | €4.0m | €7.6m | €32,545 | €5.2m | ▲ 15,877% |
| Income taxes67/77 | €513,757 | €980,096 | €1.9m | €30,461 | €1.3m | ▲ 4,251% |
| Taxes670/3 | - | €980,096 | €1.9m | €31,073 | €1.3m | ▲ 4,166% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €612 | - | - |
| Profit (loss) for the period9904 | €1.2m | €3.0m | €5.7m | €2,084 | €3.9m | ▲ 185,796% |
| Profit (loss) for the period to be appropriated9905 | €1.2m | €3.0m | €5.7m | €2,084 | €3.9m | ▲ 185,796% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20.1m | €23.5m | €35.7m | €49.6m | €49.5m | ▼ 0.1% |
| Fixed assets21/28 | €7.4m | €11.2m | €23.3m | €37.3m | €36.7m | ▼ 1.5% |
| Intangible fixed assets21 | - | - | €16,178 | €11,916 | €5,676 | ▼ 52.4% |
| Tangible fixed assets22/27 | €7.4m | €11.2m | €23.3m | €37.3m | €36.7m | ▼ 1.5% |
| Land and buildings22 | - | €8.1m | €12.2m | €16.4m | €17.1m | ▲ 4.2% |
| Plant, machinery and equipment23 | - | €2.9m | €6.9m | €16.3m | €18.9m | ▲ 16.2% |
| Furniture and vehicles24 | - | €201,212 | €302,634 | €717,073 | €676,019 | ▼ 5.7% |
| Assets under construction and advance payments27 | - | - | €3.9m | €3.8m | - | - |
| Financial fixed assets28 | €19 | €19 | €19 | €19 | €6,269 | ▲ 33,620% |
| Other financial fixed assets284/8 | - | €19 | €19 | €19 | €6,269 | ▲ 33,620% |
| Amounts receivable and cash guarantees285/8 | - | €19 | €19 | €19 | €6,269 | ▲ 33,620% |
| Current assets29/58 | €12.7m | €12.3m | €12.4m | €12.3m | €12.8m | ▲ 4.3% |
| Stocks and contracts in progress3 | €2.6m | €1.4m | €3.2m | €4.1m | €2.3m | ▼ 43.9% |
| Stocks30/36 | - | €1.4m | €3.2m | €4.1m | €2.3m | ▼ 43.9% |
| Raw materials and consumables30/31 | - | €163,633 | €171,334 | €193,104 | €255,175 | ▲ 32.1% |
| Finished goods33 | - | €1.2m | €3.0m | €3.9m | €2.0m | ▼ 47.7% |
| Amounts receivable within one year40/41 | €5.2m | €5.9m | €6.4m | €7.4m | €7.1m | ▼ 4.1% |
| Trade receivables40 | - | €5.5m | €6.0m | €6.1m | €6.6m | ▲ 8.7% |
| Other amounts receivable41 | - | €433,356 | €398,045 | €1.3m | €486,272 | ▼ 63.0% |
| Current investments50/53 | - | - | - | - | €1.0m | - |
| Other investments51/53 | - | - | - | - | €1.0m | - |
| Cash at bank and in hand54/58 | €4.8m | €5.0m | €2.7m | €804,072 | €2.4m | ▲ 203% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20.1m | €23.5m | €35.7m | €49.6m | €49.5m | ▼ 0.1% |
| Equity10/15 | €15.2m | €17.2m | €20.9m | €20.9m | €22.7m | ▲ 9.0% |
| Contributions10/11 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Capital10 | - | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Issued capital100 | - | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Reserves13 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Non-distributable reserves130/1 | - | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Legal reserve130 | - | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Profit (loss) carried forward14 | €13.2m | €15.2m | €18.9m | €18.9m | €20.8m | ▲ 9.9% |
| Amounts payable17/49 | €5.0m | €6.4m | €14.8m | €28.7m | €26.8m | ▼ 6.7% |
| Amounts payable after more than one year17 | €4.0m | €4.0m | €10.5m | €21.8m | €13.1m | ▼ 39.9% |
| Financial debts170/4 | - | €4.0m | €10.5m | €21.8m | €13.1m | ▼ 39.9% |
| Credit institutions173 | - | - | €6.5m | €15.8m | €13.1m | ▼ 17.2% |
| Other loans174 | - | €4.0m | €4.0m | €6.0m | - | - |
| Amounts payable within one year42/48 | €911,879 | €2.3m | €4.2m | €6.6m | €13.6m | ▲ 106% |
| Current portion of amounts payable after more than one year42 | - | - | €908,965 | €4.1m | €10.2m | ▲ 149% |
| Trade debts44 | €748,153 | €1.0m | €1.2m | €2.2m | €1.1m | ▼ 52.0% |
| Suppliers440/4 | - | €1.0m | €1.2m | €2.2m | €1.1m | ▼ 52.0% |
| Taxes, remuneration and social security45 | - | €262,572 | €139,599 | €263,547 | €312,490 | ▲ 18.6% |
| Taxes450/3 | - | €49,622 | €95 | €59,377 | €61,312 | ▲ 3.3% |
| Remuneration and social security454/9 | - | €212,949 | €139,504 | €204,170 | €251,178 | ▲ 23.0% |
| Other amounts payable47/48 | - | €1.0m | €2.0m | - | €2.0m | - |
| Accrued charges and deferred income492/3 | - | €57,200 | €57,200 | €258,395 | €57,200 | ▼ 77.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.2m | €3.0m | €5.7m | €2,084 | €3.9m | ▲ 185,796% |
| + Depreciation and write-downs630 | €1.4m | €1.5m | €2.1m | €4.9m | €7.1m | ▲ 45.5% |
| Operating cash flow (approximation) | €2.5m | €4.5m | €7.8m | €4.9m | €11.0m | ▲ 125% |
| Investment in fixed assets (approximation) | - | -€5.2m | -€14.2m | -€18.9m | -€6.6m | ▲ 65.2% |
| Change in cash | - | €173,957 | -€2.3m | -€1.9m | €1.6m | ▲ 184% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
06-05
State Gazette act
General meeting · Director reappointment
Permanent representative · Member resignation
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €2,084 ▼100%
Net result drops to €2,084, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €5.7m ▲91.3%
Operating result €7.6m, net result €5.7m, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity triplescurrent ratio 13.92
Current ratio from 5.02 to 13.92; short-term debt falls from €3.0m to €911,879.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Aalst · 2 establishment units since 1965
Ground area
2.4 ha
Building footprint
1.4 ha
Volume, LiDAR
68,679 m³
2 parcels, Flanders · tallest building 30.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
ARTISANALE PLUIMVEE
since 19652.000.315.489
Genthof 6, 9255 Buggenhout
since 19992.000.315.588
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004E0946/00M000 | Flanders | 2.2 ha | 1 · 1.4 ha | 30.4 m · 2 fl. |
| 41039D0131/00D000 | Flanders | 1,319 m² | 1 · 380 m² | 11.3 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
Connections & network
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,500 EUR | 1,500 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBuggenhout2.000.315.588
Dual-learning approval
2 live approvalsElektrotechnicus (vwo)
Elektrotechnicus duaal (so)
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Identification & contact
Identification
Legal formPublic limited company
Founded07-12-1964
Fiscal year end31-12
Activities, NACEBEL 2025
10120Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405714178
Also
9925:BE0405714178
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.