ARTMA
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Source: KBO register
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 11-04-2024, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2023
71 d late
2022
28 d late
2021
15 d late
2020
66 d early
2019
38 d late
2018
on the day
2017
on the day
← 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 12 days after the deadline; the sector median for financial year 2023 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Other retail sale of new goods sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
-€125,887
2022 · €56,048
Total assets
€523,646▼ 23.8%
2022 · €687,315
Net result
-€181,935▼ 333%
2022 · -€41,973
Working capital
-€199,127▼ 2,408%
2022 · -€7,940
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 47, Retail trade, 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
Line20192020202120222023
Operating result€25,222--€23,056€70,001-€43,696-€112,976▼ 159%
Net result€1,284--€43,899below the sector's middle half€36,693within the sector's middle half-€41,973below the sector's middle half-€181,935below the sector's middle half▼ 333%
Equity€105,227-€61,328below the sector's middle half▼ 41.7%€98,020within the sector's middle half▲ 59.8%€56,048below the sector's middle half▼ 42.8%-€125,887below the sector's middle half
Total assets€1.0m-€808,641within the sector's middle half▼ 21.4%€739,657within the sector's middle half▼ 8.5%€687,315within the sector's middle half▼ 7.1%€523,646within the sector's middle half▼ 23.8%
Debt€923,911-€747,313▼ 19.1%€641,636▼ 14.1%€631,267▼ 1.6%€649,534▲ 2.9%
Working capital-€67,860-€40,036within the sector's middle half€56,296within the sector's middle half▲ 40.6%-€7,940below the sector's middle half-€199,127below the sector's middle half▼ 2,408%
Solvency10.2%-7.6%below the sector's middle half▼ 2.6pp13.3%below the sector's middle half▲ 5.7pp8.2%below the sector's middle half▼ 5.1pp-24.0%below the sector's middle half▼ 32.2pp
Current ratio0.92-1.08within the sector's middle half▲ 0.161.12within the sector's middle half▲ 0.050.98below the sector's middle half▼ 0.140.63below the sector's middle half▼ 0.35
Return on assets (ROA)0.1%--5.4%below the sector's middle half▼ 5.6pp5.0%within the sector's middle half▲ 10.4pp-6.1%below the sector's middle half▼ 11.1pp-34.7%below the sector's middle half▼ 28.6pp
Staff (FTE)5.5-3.3within the sector's middle half▼ 40.0%2.4within the sector's middle half▼ 27.3%2.6within the sector's middle half▲ 8.3%2.4within the sector's middle half▼ 7.7%
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 stays negative: a loss of €112,976 in 2023 against €43,696 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €523,646
Fixed assets
€178,077 ▼ 14.3%
Current assets
€345,569 ▼ 27.9%
Equity and liabilities
Equity-€125,887
Debt€649,534
Equity is negative: debt (€649,534) exceeds the balance-sheet total (€523,646).
Key figures and ratios
EBITDA
-€104,235▼
2022 · -€28,169
Cash flow
-€173,194▼
2022 · -€26,446
Quick ratio
0.24▼
2022 · 0.35
Interest coverage
-1.52▼
2022 · -0.70
Debt ≤ 1 year
€544,697▲
2022 · €487,403
Debt > 1 year
€43,563▼
2022 · €79,537
Income taxes
€401▼
2022 · €443
Staff costs
€96,491▲
2022 · €80,487
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,448 | €9,580 | ▲ 291% |
| Remuneration, social security and pensions62 | - | - | - | €80,487 | €96,491 | ▲ 19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,682 | €21,817 | €21,340 | €15,527 | €8,741 | ▼ 43.7% |
| Other operating charges640/8 | - | - | - | €9,657 | €9,148 | ▼ 5.3% |
| Non-recurring operating charges66A | - | - | - | €228 | €11,134 | ▲ 4,783% |
| Gross operating margin9900 | €326,003 | €139,885 | €182,678 | €62,202 | €12,537 | ▼ 79.8% |
| Operating profit (loss)9901 | €25,222 | -€23,056 | €70,001 | -€43,696 | -€112,976 | ▼ 159% |
| Financial income75/76B | - | - | - | €42,501 | €199 | ▼ 99.5% |
| Recurring financial income75 | €1,931 | €5,054 | €4,109 | €42,501 | €199 | ▼ 99.5% |
| Financial charges65/66B | - | - | - | €40,334 | €68,757 | ▲ 70.5% |
| Recurring financial charges65 | €23,283 | €25,416 | €33,218 | €40,334 | €68,757 | ▲ 70.5% |
| Profit (loss) for the period before taxes9903 | €3,870 | -€43,418 | €40,893 | -€41,530 | -€181,534 | ▼ 337% |
| Income taxes67/77 | €2,586 | €481 | €4,201 | €443 | €401 | ▼ 9.5% |
| Profit (loss) for the period9904 | €1,284 | -€43,899 | €36,693 | -€41,973 | -€181,935 | ▼ 333% |
| Profit (loss) for the period to be appropriated9905 | €1,284 | -€43,899 | €36,693 | -€41,973 | -€181,935 | ▼ 333% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €808,641 | €739,657 | €687,315 | €523,646 | ▼ 23.8% |
| Fixed assets21/28 | €293,913 | €244,844 | €223,379 | €207,852 | €178,077 | ▼ 14.3% |
| Intangible fixed assets21 | €24,101 | €17,115 | €10,130 | €3,144 | - | - |
| Tangible fixed assets22/27 | €94,817 | €52,858 | €38,503 | €29,962 | €13,231 | ▼ 55.8% |
| Plant, machinery and equipment23 | - | - | - | €229 | - | - |
| Furniture and vehicles24 | - | - | - | €3,037 | €250 | ▼ 91.8% |
| Other tangible fixed assets26 | - | - | - | €26,696 | €12,982 | ▼ 51.4% |
| Financial fixed assets28 | €174,996 | €174,871 | €174,746 | €174,746 | €164,846 | ▼ 5.7% |
| Current assets29/58 | €735,225 | €563,797 | €516,278 | €479,463 | €345,569 | ▼ 27.9% |
| Stocks and contracts in progress3 | €595,718 | €398,955 | €330,025 | €308,050 | €215,300 | ▼ 30.1% |
| Stocks30/36 | - | - | - | €308,050 | €215,300 | ▼ 30.1% |
| Amounts receivable within one year40/41 | €116,906 | €141,163 | €176,550 | €157,744 | €118,966 | ▼ 24.6% |
| Trade receivables40 | - | - | - | €108,314 | €118,918 | ▲ 9.8% |
| Other amounts receivable41 | - | - | - | €49,431 | €48 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €21,567 | €22,595 | €9,174 | €13,063 | €10,923 | ▼ 16.4% |
| Deferred charges and accrued income490/1 | - | - | - | €606 | €380 | ▼ 37.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €808,641 | €739,657 | €687,315 | €523,646 | ▼ 23.8% |
| Equity10/15 | €105,227 | €61,328 | €98,020 | €56,048 | -€125,887 | ▼ 325% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | = |
| Reserves13 | €86,627 | €86,627 | €79,420 | €79,420 | €79,420 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €77,560 | €77,560 | = |
| Profit (loss) carried forward14 | - | -€43,899 | - | -€41,973 | -€223,908 | ▼ 433% |
| Amounts payable17/49 | €923,911 | €747,313 | €641,636 | €631,267 | €649,534 | ▲ 2.9% |
| Amounts payable after more than one year17 | €95,885 | €192,352 | €127,710 | €79,537 | €43,563 | ▼ 45.2% |
| Financial debts170/4 | - | - | - | €79,537 | €43,563 | ▼ 45.2% |
| Amounts payable within one year42/48 | €803,086 | €523,761 | €459,982 | €487,403 | €544,697 | ▲ 11.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €48,173 | €62,155 | ▲ 29.0% |
| Financial debts43 | - | - | - | €1,658 | €4 | ▼ 99.8% |
| Credit institutions430/8 | - | - | - | €1,658 | €4 | ▼ 99.8% |
| Trade debts44 | €445,380 | €345,094 | €239,120 | €175,039 | €203,316 | ▲ 16.2% |
| Suppliers440/4 | - | - | - | €175,039 | €203,316 | ▲ 16.2% |
| Taxes, remuneration and social security45 | - | - | - | €114,353 | €136,820 | ▲ 19.6% |
| Taxes450/3 | - | - | - | €68,608 | €97,207 | ▲ 41.7% |
| Remuneration and social security454/9 | - | - | - | €45,745 | €39,613 | ▼ 13.4% |
| Other amounts payable47/48 | - | - | - | €148,180 | €142,401 | ▼ 3.9% |
| Accrued charges and deferred income492/3 | - | - | - | €64,327 | €61,274 | ▼ 4.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,284 | -€43,899 | €36,693 | -€41,973 | -€181,935 | ▼ 333% |
| + Depreciation and write-downs630 | €23,682 | €21,817 | €21,340 | €15,527 | €8,741 | ▼ 43.7% |
| Operating cash flow (approximation) | €24,966 | -€22,082 | €58,033 | -€26,446 | -€173,194 | ▼ 555% |
| Investment in fixed assets (approximation) | - | €27,252 | €125 | €0 | €21,034 | - |
| Change in cash | - | €1,028 | -€13,421 | €3,888 | -€2,140 | ▼ 155% |
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
2024
28-06
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · event 20-06-2024
17-05
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collective agreement · event 22-03-2024
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 71 days late
2023
30-06
Financial
Weakest financial yearnet -€181,935
Net result drops to -€181,935, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
15-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 15 days late
2021
30-06
Financial
Back to profitnet €36,693
Net result €36,693 after one loss-making year.
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
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
2016
18-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
2015
15-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
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
Registered office, Oudenaarde · 1 establishment unit since 1999
Ground area
206 m²
Building footprint
188 m²
Parcel 45508A0373/00T000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SPIERS
since 19992.091.870.425
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45508A0373/00T000 | Flanders | 206 m² | 1 · 188 m² | - |
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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-06-2023 list no shareholders, and no other source names one.
Holdings 2
-
99%
-
98.98%
According to the annual accounts to 30-06-2023 of ARTMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded02-07-1999
Fiscal year end30-06
Activities, NACEBEL 2025
47789Other retail sale of new goods
47512Retail sale of household textiles and bedding
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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.