ARTISTIC
ActiveSummary
ARTISTIC has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €573,700 and a net result of €192,539. Equity is growing by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 59% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-2
Solvency70▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 4.42 in 2024; short-term debt: 37.2% and cash: 24.2% of total assets), but 55% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2025Solvency, return and age of the figures
Solvency
45%
Return on assets
15.1%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
2023
on the day
2022
on the day
2021
on the day
2020
3 d early
2019
1 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 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€573,700▼ 23.0%
2024 · €745,161
Total assets
€1.3m▲ 11.7%
2024 · €1.1m
Net result
€192,539▼ 0.8%
2024 · €194,187
Working capital
€353,151▼ 28.7%
2024 · €495,431
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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€216,438▲ 172%€223,989▲ 3.5%€268,376▲ 19.8%€279,848▲ 4.3%€274,926▼ 1.8%
Net result€145,933above the sector's middle half▲ 181%€149,550above the sector's middle half▲ 2.5%€179,888above the sector's middle half▲ 20.3%€194,187above the sector's middle half▲ 7.9%€192,539above the sector's middle half▼ 0.8%
Equity€355,206within the sector's middle half▲ 37.9%€463,956within the sector's middle half▲ 30.6%€601,844within the sector's middle half▲ 29.7%€745,161above the sector's middle half▲ 23.8%€573,700within the sector's middle half▼ 23.0%
Total assets€908,313within the sector's middle half▲ 17.9%€929,405within the sector's middle half▲ 2.3%€1.1mwithin the sector's middle half▲ 14.1%€1.1mwithin the sector's middle half▲ 7.5%€1.3mwithin the sector's middle half▲ 11.7%
Debt€549,055▲ 7.9%€461,715▼ 15.9%€455,409▼ 1.4%€390,632▼ 14.2%€696,149▲ 78.2%
Working capital€189,191within the sector's middle half▲ 30.0%€299,394within the sector's middle half▲ 58.2%€396,042within the sector's middle half▲ 32.3%€495,431within the sector's middle half▲ 25.1%€353,151within the sector's middle half▼ 28.7%
Solvency39.1%within the sector's middle half▲ 5.6pp49.9%within the sector's middle half▲ 10.8pp56.8%within the sector's middle half▲ 6.8pp65.4%above the sector's middle half▲ 8.6pp45.0%within the sector's middle half▼ 20.3pp
Current ratio2.06within the sector's middle half▼ 0.553.15above the sector's middle half▲ 1.093.25above the sector's middle half▲ 0.104.42above the sector's middle half▲ 1.171.75within the sector's middle half▼ 2.68
Return on assets (ROA)16.1%above the sector's middle half▲ 9.3pp16.1%above the sector's middle half=17.0%above the sector's middle half▲ 0.9pp17.0%above the sector's middle half▲ 0.1pp15.1%above the sector's middle half▼ 1.9pp
Staff (FTE)2.7within the sector's middle half▲ 42.1%3.6within the sector's middle half▲ 33.3%3.7within the sector's middle half▲ 2.8%3.7within the sector's middle half=4.5within the sector's middle half▲ 21.6%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail 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 falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€446,472 ▼ 10.7%
Current assets
€827,133 ▲ 29.2%
Equity and liabilities €1.3m
Equity
€573,700 ▼ 23.0%
Provisions
€3,756 ▼ 11.2%
Debt
€696,149 ▲ 78.2%
Debt's share of the balance-sheet total rises from 34.3% to 54.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€342,260▼
2024 · €344,280
Cash flow
€259,874▲
2024 · €258,618
Quick ratio
1.64▼
2024 · 4.11
Debt to equity
1.21▲
2024 · 0.52
ROE
33.6%▲
2024 · 26.1%
Interest coverage
44.24▲
2024 · 41.54
Debt ≤ 1 year
€473,982▲
2024 · €144,654
Debt > 1 year
€222,167▼
2024 · €245,977
Income taxes
€86,102▲
2024 · €81,327
Staff costs
€184,682▲
2024 · €173,502
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 | - | - | - | €28,277 | - | - |
| Remuneration, social security and pensions62 | - | €140,924 | €156,538 | €173,502 | €184,682 | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,180 | €53,771 | €55,062 | €64,432 | €67,335 | ▲ 4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €426 | - |
| Other operating charges640/8 | - | €2,926 | €4,071 | €4,556 | €5,362 | ▲ 17.7% |
| Gross operating margin9900 | €358,684 | €421,610 | €484,047 | €522,338 | €532,730 | ▲ 2.0% |
| Operating profit (loss)9901 | €216,438 | €223,989 | €268,376 | €279,848 | €274,926 | ▼ 1.8% |
| Financial income75/76B | - | €15 | €24 | €4,924 | €10,978 | ▲ 123% |
| Recurring financial income75 | €37 | €15 | €24 | €4,924 | €10,978 | ▲ 123% |
| Financial charges65/66B | - | €9,512 | €8,595 | €8,288 | €7,737 | ▼ 6.7% |
| Recurring financial charges65 | €9,736 | €9,512 | €8,595 | €8,288 | €7,737 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €206,740 | €214,492 | €259,806 | €276,484 | €278,166 | ▲ 0.6% |
| Transfer from deferred taxes780 | - | €317 | €474 | €474 | €474 | = |
| Transfer to deferred taxes680 | - | - | - | €1,444 | - | - |
| Income taxes67/77 | €60,281 | €65,260 | €80,392 | €81,327 | €86,102 | ▲ 5.9% |
| Profit (loss) for the period9904 | €145,933 | €149,550 | €179,888 | €194,187 | €192,539 | ▼ 0.8% |
| Transfer from tax-exempt reserves789 | - | €616 | €1,107 | €1,107 | €1,107 | = |
| Transfer to tax-exempt reserves689 | - | - | - | €4,333 | - | - |
| Profit (loss) for the period to be appropriated9905 | €143,984 | €150,166 | €180,995 | €190,961 | €193,646 | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €908,313 | €929,405 | €1.1m | €1.1m | €1.3m | ▲ 11.7% |
| Fixed assets21/28 | €540,945 | €491,021 | €488,687 | €499,938 | €446,472 | ▼ 10.7% |
| Intangible fixed assets21 | €1,254 | €627 | - | - | €6,201 | - |
| Tangible fixed assets22/27 | €539,691 | €490,394 | €488,687 | €499,938 | €440,271 | ▼ 11.9% |
| Land and buildings22 | - | €324,083 | €305,783 | €287,483 | €269,183 | ▼ 6.4% |
| Plant, machinery and equipment23 | - | €9,685 | €16,671 | €12,183 | €7,695 | ▼ 36.8% |
| Furniture and vehicles24 | - | €41,929 | €64,603 | €92,091 | €66,048 | ▼ 28.3% |
| Other tangible fixed assets26 | - | €114,697 | €101,630 | €108,180 | €97,344 | ▼ 10.0% |
| Current assets29/58 | €367,368 | €438,384 | €571,826 | €640,085 | €827,133 | ▲ 29.2% |
| Stocks and contracts in progress3 | €11,135 | €24,255 | €35,070 | €45,321 | €47,980 | ▲ 5.9% |
| Stocks30/36 | - | €24,255 | €35,070 | €45,321 | €47,980 | ▲ 5.9% |
| Amounts receivable within one year40/41 | €78,836 | €57,451 | €81,527 | €81,452 | €60,842 | ▼ 25.3% |
| Trade receivables40 | - | €57,451 | €81,527 | €78,071 | €59,073 | ▼ 24.3% |
| Other amounts receivable41 | - | - | - | €3,381 | €1,770 | ▼ 47.7% |
| Current investments50/53 | - | - | - | €300,000 | €400,000 | ▲ 33.3% |
| Cash at bank and in hand54/58 | €272,881 | €351,330 | €446,800 | €204,370 | €308,518 | ▲ 51.0% |
| Deferred charges and accrued income490/1 | - | €5,348 | €8,429 | €8,942 | €9,792 | ▲ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €908,313 | €929,405 | €1.1m | €1.1m | €1.3m | ▲ 11.7% |
| Equity10/15 | €355,206 | €463,956 | €601,844 | €745,161 | €573,700 | ▼ 23.0% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | - | - |
| Reserves13 | €327,797 | €436,181 | €573,974 | €725,161 | €573,700 | ▼ 20.9% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | - | - | - |
| Tax-exempt reserves132 | - | €8,181 | €7,074 | €10,300 | €9,194 | ▼ 10.7% |
| Distributable reserves133 | - | €426,000 | €564,900 | €714,861 | €564,507 | ▼ 21.0% |
| Profit (loss) carried forward14 | €7,409 | €7,775 | €7,870 | - | - | - |
| Provisions and deferred taxes16 | €4,052 | €3,734 | €3,260 | €4,230 | €3,756 | ▼ 11.2% |
| Deferred taxes168 | - | €3,734 | €3,260 | €4,230 | €3,756 | ▼ 11.2% |
| Amounts payable17/49 | €549,055 | €461,715 | €455,409 | €390,632 | €696,149 | ▲ 78.2% |
| Amounts payable after more than one year17 | €370,878 | €322,725 | €279,625 | €245,977 | €222,167 | ▼ 9.7% |
| Financial debts170/4 | - | €322,725 | €279,625 | €245,977 | €222,167 | ▼ 9.7% |
| Amounts payable within one year42/48 | €178,177 | €138,990 | €175,784 | €144,654 | €473,982 | ▲ 228% |
| Current portion of amounts payable after more than one year42 | - | €48,154 | €43,100 | €33,647 | €23,810 | ▼ 29.2% |
| Trade debts44 | €27,187 | €8,299 | €8,895 | €4,729 | €17,060 | ▲ 261% |
| Suppliers440/4 | - | €8,299 | €8,895 | €4,729 | €17,060 | ▲ 261% |
| Advances received on contracts in progress46 | - | €19,786 | €24,315 | €25,646 | €28,303 | ▲ 10.4% |
| Taxes, remuneration and social security45 | - | €21,744 | €56,718 | €37,632 | €60,808 | ▲ 61.6% |
| Taxes450/3 | - | €17,117 | €37,985 | €32,655 | €38,927 | ▲ 19.2% |
| Remuneration and social security454/9 | - | €4,627 | €18,732 | €4,977 | €21,882 | ▲ 340% |
| Other amounts payable47/48 | - | €41,007 | €42,756 | €43,000 | €344,000 | ▲ 700% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €145,933 | €149,550 | €179,888 | €194,187 | €192,539 | ▼ 0.8% |
| + Depreciation and write-downs630 | €45,180 | €53,771 | €55,062 | €64,432 | €67,335 | ▲ 4.5% |
| Operating cash flow (approximation) | €191,113 | €203,321 | €234,950 | €258,618 | €259,874 | ▲ 0.5% |
| Investment in fixed assets (approximation) | - | -€3,848 | -€52,727 | -€75,682 | -€13,869 | ▲ 81.7% |
| Change in cash | - | €78,448 | €95,470 | -€242,430 | €104,148 | ▲ 143% |
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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €194,187 ▲7.9%
Operating result €279,848, net result €194,187, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €500,000Eq €601,844 ▲29.7%
5 profitable years in a row build equity to €601,844.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
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 2 acts read
About the unread acts
We know of 2 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
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, Oudenaarde · 1 establishment unit since 2010
Ground area
478 m²
Building footprint
410 m²
Volume, LiDAR
4,941 m³
Parcel 45035B0003/02N038, Flanders · tallest building 17.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARTISTIC
since 20102.193.591.157
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035B0003/02N038 | Flanders | 478 m² | 1 · 410 m² | 17.1 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 3,390 companies in sector 47761 we hold annual accounts for 1,156. 804 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
Founded21-10-2010
Fiscal year end30-06
Activities, NACEBEL 2025
47761Retail sale of flowers, plants, seeds and fertilisers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830532806
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.