ARTIUM
InactiveSignals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-04-2021, 93 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2021
not filed
2020
93 d early
2019
92 d early
2018
on the day
2017
58 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 32 days before the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Financials · fiscal year 2020, micro schema
Turnover
€741,286▲ 47.2%
2019 · €503,687
EBIT margin
11.6%▲ 7.6pp
2019 · 4.0%
Net result
€58,289▲ 366%
2019 · €12,518
Working capital
€63,941▲ 412%
2019 · €12,499
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Turnover€254,034-€503,687▲ 98.3%€741,286▲ 47.2%
Operating result€6,881-€20,191▲ 193%€85,750▲ 325%
Net result€4,379-€12,518▲ 186%€58,289▲ 366%
EBIT margin2.7%-4.0%▲ 1.3pp11.6%▲ 7.6pp
Equity€24,528-€37,046▲ 51.0%€95,334▲ 157%
Total assets€74,181-€92,877▲ 25.2%€160,435▲ 72.7%
Debt€49,653-€55,832▲ 12.4%€65,101▲ 16.6%
Working capital€10,582-€12,499▲ 18.1%€63,941▲ 412%
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 two years in a row; 2020 is 325% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €160,435
Fixed assets
€31,393 ▲ 27.9%
Current assets
€129,042 ▲ 88.8%
Equity and liabilities €160,435
Equity
€95,334 ▲ 157%
Debt
€65,101 ▲ 16.6%
Debt's share of the balance-sheet total falls from 60.1% to 40.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99,165▲
2019 · €35,964
Cash flow
€71,704▲
2019 · €28,290
Current ratio
1.98▲
2019 · 1.22
Quick ratio
1.85▲
2019 · 1.10
ROE
61.1%▲
2019 · 33.8%
ROA
36.3%▲
2019 · 13.5%
Debt ≤ 1 year
€65,101▲
2019 · €55,832
Income taxes
€25,710▲
2019 · €5,796
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €254,034 | €503,687 | €741,286 | ▲ 47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,126 | €15,773 | €13,415 | ▼ 14.9% |
| Gross operating margin9900 | €41,175 | €86,940 | €120,934 | ▲ 39.1% |
| Operating profit (loss)9901 | €6,881 | €20,191 | €85,750 | ▲ 325% |
| Recurring financial income75 | €290 | €156 | - | - |
| Recurring financial charges65 | €1,243 | €2,033 | €1,751 | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | €5,928 | €18,314 | €83,999 | ▲ 359% |
| Income taxes67/77 | €1,549 | €5,796 | €25,710 | ▲ 344% |
| Profit (loss) for the period9904 | €4,379 | €12,518 | €58,289 | ▲ 366% |
| Profit (loss) for the period to be appropriated9905 | €4,379 | €12,518 | €58,289 | ▲ 366% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €74,181 | €92,877 | €160,435 | ▲ 72.7% |
| Fixed assets21/28 | €13,946 | €24,547 | €31,393 | ▲ 27.9% |
| Tangible fixed assets22/27 | €12,446 | €23,047 | €29,893 | ▲ 29.7% |
| Financial fixed assets28 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €60,235 | €68,331 | €129,042 | ▲ 88.8% |
| Stocks and contracts in progress3 | €7,709 | €7,109 | €8,420 | ▲ 18.4% |
| Amounts receivable within one year40/41 | €47,544 | €57,737 | €116,197 | ▲ 101% |
| Cash at bank and in hand54/58 | €3,488 | €1,144 | €1,886 | ▲ 64.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €74,181 | €92,877 | €160,435 | ▲ 72.7% |
| Equity10/15 | €24,528 | €37,046 | €95,334 | ▲ 157% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €5,928 | €18,446 | €76,734 | ▲ 316% |
| Amounts payable17/49 | €49,653 | €55,832 | €65,101 | ▲ 16.6% |
| Amounts payable within one year42/48 | €49,653 | €55,832 | €65,101 | ▲ 16.6% |
| Trade debts44 | €9,223 | €12,235 | €35,690 | ▲ 192% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,379 | €12,518 | €58,289 | ▲ 366% |
| + Depreciation and write-downs630 | €11,126 | €15,773 | €13,415 | ▼ 14.9% |
| Operating cash flow (approximation) | €15,505 | €28,290 | €71,704 | ▲ 153% |
| Investment in fixed assets (approximation) | - | -€26,373 | -€20,262 | ▲ 23.2% |
| Change in cash | - | -€2,345 | €742 | ▲ 132% |
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
10-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 04-11-2025
12-06
Bankruptcy
Supervising judge replaced
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 05-06-2025
2023
15-12
KBO administration
Address struck
Heerbosstraat 72 Die Sitzadresse Heerbosstraat 72 3583 Berin-
Beringen · event 26-08-2022
2022
30-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 24-11-2022
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €58,289 ▲366%
Operating result €85,750, net result €58,289, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
SignalFinancial 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | RONNY MAES Prins Bisschopsingel 11, 3500 Hasselt |
24-11-2022 → 04-11-2025 |
| Curator | KRISTOF KROL Prins Bisschopssingel 11, 3500 Hasselt |
24-11-2022 → 04-11-2025 |
Company details
Identification
Legal formBVBA
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.