Artline Invest
ActiveArtline Invest has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137k and a net result of €3k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 45% of 4622 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-5
Solvency46▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.16 in 2024; short-term debt: 56.2% and cash: 6.7% of total assets), and 79.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
20.6%
Return on assets
0.5%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €137k
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 02-01-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
7 d early
2023
41 d early
2022
5 d early
2021
6 d early
2020
39 d early
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€137k▲ 2.6%
2024 · €133k
2019: €101k
2020: €123k
2021: €134k
2022: €107k
2023: €103k
2024: €133k
2019 → 2025
Total assets
€664k▼ 3.0%
2024 · €685k
2019: €1.26M
2020: €1.02M
2021: €892k
2022: €803k
2023: €719k
2024: €685k
2019 → 2025
Net result
€3k▼ 88.3%
2024 · €30k
2019: €25k
2020: €21k
2021: €11k
2022: €-26k
2023: €-4k
2024: €30k
2019 → 2025
Working capital
€-306k▼ 5.3%
2024 · €-291k
2019: €-443k
2020: €-195k
2021: €-191k
2022: €-239k
2023: €-322k
2024: €-291k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€134k-€107k▼ 19.7%€103k▼ 3.7%€133k▲ 28.9%€137k▲ 2.6%
Operating result€31k-€-18k€8k€39k▲ 403%€11k▼ 71.5%
Net result€11k-€-26k€-4k▲ 84.9%€30k€3k▼ 88.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €664k
Fixed assets
€597k▼ 5.3%
Current assets
€67k▲ 23.4%
Equity and liabilities €664k
Equity
€137k▲ 2.6%
Debt
€528k▼ 4.4%
The debt ratio falls from 80.6% to 79.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88k▼
2024 · €113k
Cash flow
€81k▼
2024 · €104k
Solvency
20.6%▲
2024 · 19.4%
Current ratio
0.18▲
2024 · 0.16
Quick ratio
0.18▲
2024 · 0.16
Debt / equity
3.86▼
2024 · 4.14
ROE
2.6%▼
2024 · 22.4%
ROA
0.5%▼
2024 · 4.4%
Interest coverage
14.61▲
2024 · 13.66
Debt
€528k▼
2024 · €552k
Debt ≤ 1 year
€374k▲
2024 · €345k
Debt > 1 year
€154k▼
2024 · €206k
Income taxes
€2k▲
2024 · €681
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€685k€664k▼
Fixed assets21/28€630k€597k▼
Tangible fixed assets22/27€630k€597k▼
Land and buildings22€566k€536k▼
Plant, machinery and equipment23€33k€27k▼
Furniture and vehicles24€30k€34k▲
Current assets29/58€55k€67k▲
Amounts receivable within one year40/41€15k€20k▲
Trade receivables40€15k€20k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€38k€45k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€685k€664k▼
Equity10/15€133k€137k▲
Contributions10/11€20k€20k=
Reserves13€114k€117k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€112k€115k▲
Profit (loss) carried forward14€-542€0▲
Amounts payable17/49€552k€528k▼
Amounts payable after more than one year17€206k€154k▼
Financial debts170/4€206k€154k▼
Amounts payable within one year42/48€345k€374k▲
Current portion of amounts payable after more than one year42€54k€52k▼
Trade debts44€9k€25k▲
Suppliers440/4€9k€25k▲
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k▲
Other amounts payable47/48€278k€292k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€77k▲
Other operating charges640/8€7k€7k▲
Gross operating margin9900€120k€95k▼
Operating profit (loss)9901€39k€11k▼
Financial income75/76B€76€4▼
Recurring financial income75€76€4▼
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€30k€5k▼
Income taxes67/77€681€2k▲
Profit (loss) for the period9904€30k€3k▼
Profit (loss) for the period to be appropriated9905€30k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-542€3k▲
Profit (loss) brought forward from the previous period14P€-30k€-542▲
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (14 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
02-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €30k
Net result €30k after 2 loss-making years.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €-26k ▼338%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brugge · 2 establishment units since 2009
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.
Katelijnestraat 1388000 BruggeGround area
747 m²
Building footprint
742 m²
Volume, LiDAR
3,659 m³
2 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Artline Invest
since 20092.179.431.731
Oostendse Steenweg 5, 8000 Brugge
since 20242.364.976.893
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808M0438/00V010 | Flanders | 635 m² | 1 · 630 m² | 10.3 m · 1 fl. |
| 31803C0655/00_000 | Flanders | 111 m² | 1 · 111 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 to 2025 · 4 entries · 2,754 EUR awarded · 2,542 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,212 EUR | 2,000 EUR |
| 2023 | 1 | 273 EUR | 273 EUR |
| 2022 | 1 | 269 EUR | 269 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,001 companies in sector 96102 we hold annual accounts for 460. 333 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-07-2009
Fiscal year end30-06
Activities, NACEBEL
96102Launderettes and laundries for private customers
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.