ARTIST CASES
ActiveSummary
ARTIST CASES has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €369k and a net result of €60k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 93% of 543 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 9.82 against 7.03 in 2024; short-term debt: 10.1% and cash: 33.3% of total assets), and 10.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.9%
Return on assets
14.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
19 d late
2024
13 d early
2023
26 d early
2022
32 d early
2021
19 d early
2020
31 d late
2019
117 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€369k▲ 19.3%
2024 · €309k
2019: €71k
2020: €87k
2021: €156k
2022: €217k
2023: €246k
2024: €309k
2019 → 2025
Total assets
€410k▲ 13.9%
2024 · €360k
2019: €351k
2020: €189k
2021: €252k
2022: €364k
2023: €278k
2024: €360k
2019 → 2025
Net result
€60k▼ 5.4%
2024 · €63k
2019: €51k
2020: €15k
2021: €70k
2022: €60k
2023: €29k
2024: €63k
2019 → 2025
Working capital
€367k▲ 18.6%
2024 · €309k
2019: €-13k
2020: €32k
2021: €123k
2022: €206k
2023: €246k
2024: €309k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€156k-€217k▲ 38.7%€246k▲ 13.5%€309k▲ 25.6%€369k▲ 19.3%
Operating result€77k-€80k▲ 4.0%€42k▼ 47.6%€92k▲ 118%€85k▼ 7.7%
Net result€70k-€60k▼ 13.4%€29k▼ 51.7%€63k▲ 115%€60k▼ 5.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €410k
Fixed assets
€2k
Current assets
€408k
Equity and liabilities €410k
Equity
€369k ▲ 19.3%
Debt
€42k ▼ 18.8%
Debt's share of the balance-sheet total falls from 14.2% to 10.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k
Cash flow
€61k
Current ratio
9.82▲
2024 · 7.03
Quick ratio
5.77▲
2024 · 4.79
Debt to equity
0.11▼
2024 · 0.17
ROE
16.2%▼
2024 · 20.4%
ROA
14.5%▼
2024 · 17.5%
Interest coverage
55.62
Debt ≤ 1 year
€42k▼
2024 · €51k
Income taxes
€24k▼
2024 · €27k
Staff costs
€98k▲
2024 · €82k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€360k€410k▲
Fixed assets21/28-€2k
Tangible fixed assets22/27-€2k
Plant, machinery and equipment23-€2k
Current assets29/58€360k€408k▲
Stocks and contracts in progress3€115k€168k▲
Stocks30/36€115k€143k▲
Contracts in progress37-€25k
Amounts receivable within one year40/41€152k€103k▼
Trade receivables40€140k€101k▼
Other amounts receivable41€12k€3k▼
Cash at bank and in hand54/58€93k€137k▲
Equity and liabilities
Total equity and liabilities10/49€360k€410k▲
Equity10/15€309k€369k▲
Contributions10/11€20k€20k=
Reserves13€76k€104k▲
Distributable reserves133€76k€104k▲
Profit (loss) carried forward14€213k€244k▲
Amounts payable17/49€51k€42k▼
Amounts payable within one year42/48€51k€42k▼
Trade debts44€13k€11k▼
Suppliers440/4€13k€11k▼
Taxes, remuneration and social security45€37k€30k▼
Taxes450/3€37k€30k▼
Other amounts payable47/48€1k€371▼
Income statement
Code20242025
Remuneration, social security and pensions62€82k€98k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€987
Other operating charges640/8€1k€1k▲
Gross operating margin9900€176k€186k▲
Operating profit (loss)9901€92k€85k▼
Financial income75/76B€61€769▲
Recurring financial income75€61€769▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€90k€84k▼
Income taxes67/77€27k€24k▼
Profit (loss) for the period9904€63k€60k▼
Profit (loss) for the period to be appropriated9905€63k€60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€243k€273k▲
Profit (loss) brought forward from the previous period14P€180k€213k▲
Transfer to equity691/2€30k€28k▼
To other reserves6921€30k€28k▼
The notes to these accounts (7 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 8.65
Current ratio from 2.40 to 8.65; short-term debt falls from €147k to €32k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €217k ▲38.7%
4 profitable years in a row build equity to €217k.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €70k ▲351%
Net result €70k, the highest in the series.
31-12
Financial
Equity above €150kEq €156k ▲80.7%
3 profitable years in a row build equity to €156k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €15k ▼69.7%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 117 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Eeklo · 1 establishment unit since 2018
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.
Nieuwendorpe 359900 EekloGround area
6,256 m²
Building footprint
2,192 m²
Volume, LiDAR
14,499 m³
Parcel 43352F0478/00E000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARTIST CASES
since 20182.283.300.123
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352F0478/00E000 | Flanders | 6,256 m² | 1 · 2,192 m² | 7.4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 5,239 EUR awarded · 5,239 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 5,239 EUR | 5,239 EUR |
Schemes
Vlaams beschermingsmechanisme (stopgezet)
Similar companies · same sector, comparable size
PAL-MAN
BE 0829.345.743
Charleroi · Eq €387k
VDM WOODCONSTRUCT
BE 0782.417.143
Bornem · Eq €346k
ROMIBO
BE 0807.868.557
Lokeren · Eq €400k
Pallettenbedrijf Haerinck
BE 0474.477.280
Tielt · Eq €298k
LAUWERS D.
BE 0478.819.021
Ledegem · Eq €498k
Of 121 companies in sector 16240 we hold annual accounts for 82. 61 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
16240Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
22220Manufacture of rubber and plastic products
25920Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.