ARTMETAL
ActiveSummary
The computed 12-month bankruptcy probability of ARTMETAL is 2.6% (moderate). The 2025 annual accounts show equity of €134,195 and a net result of -€18,170. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 1918 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-21
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 13.45 against 3.89 in 2024; short-term debt: 4.1% and cash: 27.9% of total assets), and 19.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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 09-08-2026, 9 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 · 5 filingsDeviation from the deadline
2025
9 d late
2024
14 d early
2023
on the day
2022
29 d early
2021
20 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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. Usually files around 17 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€134,195▼ 11.9%
2024 · €152,365
Total assets
€165,975▼ 18.3%
2024 · €203,268
Net result
-€18,170
2024 · €12,205
Working capital
€84,414▲ 12.8%
2024 · €74,808
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€97,909-€91,422▼ 6.6%€17,370▼ 81.0%€17,545▲ 1.0%-€17,571
Net result€78,026above the sector's middle half-€61,278above the sector's middle half▼ 21.5%€10,956within the sector's middle half▼ 82.1%€12,205within the sector's middle half▲ 11.4%-€18,170below the sector's middle half
Equity€67,926within the sector's middle half-€129,204within the sector's middle half▲ 90.2%€140,160within the sector's middle half▲ 8.5%€152,365within the sector's middle half▲ 8.7%€134,195within the sector's middle half▼ 11.9%
Total assets€153,527within the sector's middle half-€201,399within the sector's middle half▲ 31.2%€190,922within the sector's middle half▼ 5.2%€203,268within the sector's middle half▲ 6.5%€165,975within the sector's middle half▼ 18.3%
Debt€85,602-€72,196▼ 15.7%€50,763▼ 29.7%€50,903▲ 0.3%€31,780▼ 37.6%
Working capital€56,798within the sector's middle half-€141,617above the sector's middle half▲ 149%€101,277within the sector's middle half▼ 28.5%€74,808within the sector's middle half▼ 26.1%€84,414within the sector's middle half▲ 12.8%
Solvency44.2%within the sector's middle half-64.2%within the sector's middle half▲ 19.9pp73.4%above the sector's middle half▲ 9.3pp75.0%above the sector's middle half▲ 1.5pp80.9%above the sector's middle half▲ 5.9pp
Current ratio2.34within the sector's middle half-5.88above the sector's middle half▲ 3.546.28above the sector's middle half▲ 0.413.89above the sector's middle half▼ 2.4013.45above the sector's middle half▲ 9.56
Return on assets (ROA)50.8%above the sector's middle half-30.4%above the sector's middle half▼ 20.4pp5.7%within the sector's middle half▼ 24.7pp6.0%within the sector's middle half▲ 0.3pp-10.9%below the sector's middle half▼ 17.0pp
Staff (FTE)1-1=
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17,571 after €17,545 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165,975
Fixed assets
€74,781 ▼ 27.1%
Current assets
€91,194 ▼ 9.4%
Equity and liabilities €165,975
Equity
€134,195 ▼ 11.9%
Debt
€31,780 ▼ 37.6%
Debt's share of the balance-sheet total falls from 25.0% to 19.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13,098▼
2024 · €41,728
Cash flow
€12,500▼
2024 · €36,387
Quick ratio
12.09▲
2024 · 3.61
Debt to equity
0.24▼
2024 · 0.33
ROE
-13.5%▼
2024 · 8.0%
Interest coverage
15.79▼
2024 · 51.43
Debt ≤ 1 year
€6,780▼
2024 · €25,903
Debt > 1 year
€25,000=
2024 · €25,000
Income taxes
€156▼
2024 · €4,787
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
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 2.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,592 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 | - | €657 | - | €32,000 | - | - |
| Remuneration, social security and pensions62 | €53,238 | €46,452 | €15,623 | €1,271 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,749 | €17,962 | €15,126 | €24,182 | €30,670 | ▲ 26.8% |
| Other operating charges640/8 | €27 | €292 | €391 | €639 | €1,079 | ▲ 68.8% |
| Non-recurring operating charges66A | - | - | - | - | €1,117 | - |
| Gross operating margin9900 | €167,923 | €156,128 | €48,510 | €43,638 | €15,295 | ▼ 65.0% |
| Operating profit (loss)9901 | €97,909 | €91,422 | €17,370 | €17,545 | -€17,571 | ▼ 200% |
| Financial income75/76B | €1,566 | €623 | €314 | €258 | €388 | ▲ 50.4% |
| Recurring financial income75 | €1,566 | €623 | €314 | €258 | €388 | ▲ 50.4% |
| Financial charges65/66B | €137 | €1,625 | €2,240 | €811 | €830 | ▲ 2.3% |
| Recurring financial charges65 | €137 | €1,625 | €2,240 | €811 | €830 | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | €99,339 | €90,421 | €15,444 | €16,992 | -€18,014 | ▼ 206% |
| Income taxes67/77 | €21,313 | €29,143 | €4,488 | €4,787 | €156 | ▼ 96.7% |
| Profit (loss) for the period9904 | €78,026 | €61,278 | €10,956 | €12,205 | -€18,170 | ▼ 249% |
| Profit (loss) for the period to be appropriated9905 | €78,026 | €61,278 | €10,956 | €12,205 | -€18,170 | ▼ 249% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153,527 | €201,399 | €190,922 | €203,268 | €165,975 | ▼ 18.3% |
| Fixed assets21/28 | €54,251 | €30,736 | €70,480 | €102,557 | €74,781 | ▼ 27.1% |
| Intangible fixed assets21 | €783 | €583 | €383 | €183 | - | - |
| Tangible fixed assets22/27 | €53,218 | €29,903 | €69,847 | €102,124 | €74,530 | ▼ 27.0% |
| Plant, machinery and equipment23 | €13,870 | €5,222 | €5,434 | €54,690 | €42,178 | ▼ 22.9% |
| Furniture and vehicles24 | €2,328 | €253 | €47,021 | €37,080 | €32,352 | ▼ 12.8% |
| Leasing and similar rights25 | €37,019 | €24,429 | €17,391 | €10,354 | - | - |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €99,276 | €170,663 | €120,442 | €100,711 | €91,194 | ▼ 9.4% |
| Stocks and contracts in progress3 | €12,123 | €15,416 | €13,765 | €7,076 | €9,227 | ▲ 30.4% |
| Stocks30/36 | €12,123 | €15,416 | €13,765 | €7,076 | €9,227 | ▲ 30.4% |
| Amounts receivable within one year40/41 | €23,526 | €16,524 | €22,883 | €17,206 | €31,255 | ▲ 81.7% |
| Trade receivables40 | €17,839 | €5,508 | €7,371 | €6,480 | €20,085 | ▲ 210% |
| Other amounts receivable41 | €5,687 | €11,016 | €15,512 | €10,726 | €11,170 | ▲ 4.1% |
| Cash at bank and in hand54/58 | €63,013 | €134,991 | €77,063 | €74,988 | €46,251 | ▼ 38.3% |
| Deferred charges and accrued income490/1 | €614 | €3,733 | €6,731 | €1,442 | €4,461 | ▲ 209% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153,527 | €201,399 | €190,922 | €203,268 | €165,975 | ▼ 18.3% |
| Equity10/15 | €67,926 | €129,204 | €140,160 | €152,365 | €134,195 | ▼ 11.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €62,926 | €124,204 | €135,160 | €147,365 | €147,365 | = |
| Distributable reserves133 | €62,926 | €124,204 | €135,160 | €147,365 | €147,365 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€18,170 | - |
| Amounts payable17/49 | €85,602 | €72,196 | €50,763 | €50,903 | €31,780 | ▼ 37.6% |
| Amounts payable after more than one year17 | €40,401 | €40,395 | €31,598 | €25,000 | €25,000 | = |
| Financial debts170/4 | €40,401 | €40,395 | €31,598 | €25,000 | €25,000 | = |
| Amounts payable within one year42/48 | €42,478 | €29,046 | €19,165 | €25,903 | €6,780 | ▼ 73.8% |
| Current portion of amounts payable after more than one year42 | €8,797 | €8,797 | €8,797 | €6,598 | - | - |
| Trade debts44 | €9,556 | €11,127 | €4,751 | €5,772 | €354 | ▼ 93.9% |
| Suppliers440/4 | €9,556 | €11,127 | €4,751 | €5,772 | €354 | ▼ 93.9% |
| Taxes, remuneration and social security45 | €4,888 | €5,207 | €2,482 | €5,405 | €5,584 | ▲ 3.3% |
| Taxes450/3 | €353 | €641 | €2,482 | €5,405 | €2,584 | ▼ 52.2% |
| Remuneration and social security454/9 | €4,534 | €4,565 | - | - | €3,000 | - |
| Other amounts payable47/48 | €19,238 | €3,916 | €3,135 | €8,128 | €841 | ▼ 89.6% |
| Accrued charges and deferred income492/3 | €2,723 | €2,755 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78,026 | €61,278 | €10,956 | €12,205 | -€18,170 | ▼ 249% |
| + Depreciation and write-downs630 | €16,749 | €17,962 | €15,126 | €24,182 | €30,670 | ▲ 26.8% |
| Operating cash flow (approximation) | €94,775 | €79,240 | €26,082 | €36,387 | €12,500 | ▼ 65.6% |
| Investment in fixed assets (approximation) | - | €5,553 | -€54,870 | -€56,259 | -€2,893 | ▲ 94.9% |
| Change in cash | - | €71,978 | -€57,927 | -€2,076 | -€28,737 | ▼ 1,284% |
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
09-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
31-12
Financial
Weakest financial yearnet -€18,170
Net result drops to -€18,170, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 13.45
Current ratio from 3.89 to 13.45; short-term debt falls from €25,903 to €6,780.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €152,365 ▲8.7%
4 profitable years in a row build equity to €152,365.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 5.88
Current ratio from 2.34 to 5.88; short-term debt falls from €42,478 to €29,046.
31-12
Financial
Equity above €100,000Eq €129,204 ▲90.2%
2 profitable years in a row build equity to €129,204.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Pajottegem · 2 establishment units since 2020
Ground area
3,810 m²
Building footprint
333 m²
Volume, LiDAR
1,057 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ARTMETAL
since 20202.310.083.506
ARTMETAL
since 20202.310.083.704
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23032E0099/00N000 | Flanders | 1,937 m² | 1 · 181 m² | 9.0 m · 2 fl. |
| 23032H0383/00S000 | Flanders | 1,873 m² | 1 · 153 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 981 companies in sector 25401 we hold annual accounts for 407. 322 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
Founded23-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
25401Forging of metal
25120Manufacture of fabricated metal products, except machinery and equipment
25999Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0758687874
Also
9925:BE0758687874
Registered
24-11-2023
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.