ARTOCNOS
ActiveSummary
ARTOCNOS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €809k and a net result of €229k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 52% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+17
Solvency58▲+12
Growth74=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.66 in 2024; short-term debt: 10.2% and cash: 1.6% of total assets), and 67.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
32.5%
Return on assets
9.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
4 d early
2022
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€547k▲ 9.8%
2022 · €498k
2022: €498k
2023: €547k▲ +9.8% vs 2022
2022 → 2023
EBIT margin
6.1%▲ 1.1pp
2022 · 5.0%
2022: 5.0%
2023: 6.1%▲ +22.3% vs 2022
2022 → 2023
Net result
€229k▲ 497%
2024 · €38k
2022: €8k
2023: €221▼ -97.4% vs 2022lowest in 4 years
2024: €38k▲ +17249% vs 2023
2025: €229k▲ +497% vs 2024highest in 4 years
2022 → 2025
Working capital
€-185k▼ 162%
2024 · €-71k
2022: €-228k
2023: €-436k▼ -91.1% vs 2022lowest in 4 years
2024: €-71k▲ +83.8% vs 2023highest in 4 years
2025: €-185k▼ -162% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€498k-€547k▲ 9.8%
2022: €498k
2023: €547k▲ +9.8% vs 2022
Equity€542k-€542k=€581k▲ 7.0%€809k▲ 39.4%
2022: €542klowest in 4 years
2023: €542k● +0.0% vs 2022
2024: €581k▲ +7.0% vs 2023
2025: €809k▲ +39.4% vs 2024highest in 4 years
Operating result€25k-€34k▲ 34.3%€107k▲ 218%€353k▲ 230%
2022: €25klowest in 4 years
2023: €34k▲ +34.3% vs 2022
2024: €107k▲ +218% vs 2023
2025: €353k▲ +230% vs 2024highest in 4 years
Net result€8k-€221▼ 97.4%€38k▲ 17,249%€229k▲ 497%
2022: €8k
2023: €221▼ -97.4% vs 2022lowest in 4 years
2024: €38k▲ +17249% vs 2023
2025: €229k▲ +497% vs 2024highest in 4 years
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 three years in a row; 2025 is 230% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.49M
Fixed assets
€2.42M ▼ 9.2%
Current assets
€70k ▼ 49.8%
Equity and liabilities €2.49M
Equity
€809k ▲ 39.4%
Debt
€1.68M ▼ 24.4%
Debt's share of the balance-sheet total falls from 79.3% to 67.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€529k▲
2024 · €283k
Cash flow
€405k▲
2024 · €214k
Current ratio
0.27▼
2024 · 0.66
Debt to equity
2.07▼
2024 · 3.83
ROE
28.3%▲
2024 · 6.6%
ROA
9.2%▲
2024 · 1.4%
Interest coverage
11.02▲
2024 · 5.12
Debt ≤ 1 year
€255k▲
2024 · €210k
Debt > 1 year
€1.42M▼
2024 · €2.01M
Income taxes
€76k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.80M€2.49M▼
Formation expenses20€0€0=
Fixed assets21/28€2.66M€2.42M▼
Tangible fixed assets22/27€2.66M€2.42M▼
Land and buildings22€1.96M€1.77M▼
Plant, machinery and equipment23€644k€603k▼
Furniture and vehicles24€56k€44k▼
Current assets29/58€139k€70k▼
Amounts receivable within one year40/41€23k€26k▲
Trade receivables40€23k€26k▲
Cash at bank and in hand54/58€112k€41k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.80M€2.49M▼
Equity10/15€581k€809k▲
Contributions10/11€135k€135k=
Reserves13€399k€399k=
Non-distributable reserves130/1€13k€13k=
Reserves not available under the articles1311€13k€13k=
Tax-exempt reserves132€110k€110k=
Distributable reserves133€276k€276k=
Profit (loss) carried forward14€47k€276k▲
Investment grants15€103€0▼
Amounts payable17/49€2.22M€1.68M▼
Amounts payable after more than one year17€2.01M€1.42M▼
Financial debts170/4€1.27M€1.14M▼
Other amounts payable178/9€740k€280k▼
Amounts payable within one year42/48€210k€255k▲
Current portion of amounts payable after more than one year42€130k€228k▲
Trade debts44€76k€22k▼
Suppliers440/4€76k€22k▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€510€510=
Income statement
Code20242025
Non-recurring operating income76A-€230k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€176k€176k▲
Other operating charges640/8€23k€24k▲
Gross operating margin9900€306k€553k▲
Operating profit (loss)9901€107k€353k▲
Financial income75/76B€89€300▲
Recurring financial income75€89€300▲
Financial charges65/66B€55k€48k▼
Recurring financial charges65€55k€48k▼
Profit (loss) for the period before taxes9903€52k€305k▲
Income taxes67/77€13k€76k▲
Profit (loss) for the period9904€38k€229k▲
Profit (loss) for the period to be appropriated9905€38k€229k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€276k▲
Profit (loss) brought forward from the previous period14P€9k€47k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €498k | €547k | - | - | - |
| Non-recurring operating income76A | - | - | - | €230k | - |
| Goods, raw materials, services and sundry goods60/61 | €337k | €386k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €119k | €116k | €176k | €176k | ▲ 0.2% |
| Other operating charges640/8 | €17k | €19k | €23k | €24k | ▲ 5.2% |
| Gross operating margin9900 | €161k | €168k | €306k | €553k | ▲ 80.9% |
| Operating profit (loss)9901 | €25k | €34k | €107k | €353k | ▲ 230% |
| Financial income75/76B | €59 | €687 | €89 | €300 | ▲ 236% |
| Recurring financial income75 | €59 | €687 | €89 | €300 | ▲ 236% |
| Financial charges65/66B | €14k | €34k | €55k | €48k | ▼ 13.2% |
| Recurring financial charges65 | €14k | €34k | €55k | €48k | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €11k | €316 | €52k | €305k | ▲ 491% |
| Income taxes67/77 | €3k | €95 | €13k | €76k | ▲ 471% |
| Profit (loss) for the period9904 | €8k | €221 | €38k | €229k | ▲ 497% |
| Profit (loss) for the period to be appropriated9905 | €8k | €221 | €38k | €229k | ▲ 497% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.93M | €2.45M | €2.80M | €2.49M | ▼ 11.2% |
| Formation expenses20 | €0 | - | €0 | €0 | - |
| Fixed assets21/28 | €1.80M | €2.38M | €2.66M | €2.42M | ▼ 9.2% |
| Tangible fixed assets22/27 | €1.80M | €2.38M | €2.66M | €2.42M | ▼ 9.2% |
| Land and buildings22 | €1.61M | €1.58M | €1.96M | €1.77M | ▼ 9.8% |
| Plant, machinery and equipment23 | €157k | €721k | €644k | €603k | ▼ 6.3% |
| Furniture and vehicles24 | €36k | €75k | €56k | €44k | ▼ 20.4% |
| Financial fixed assets28 | €1k | - | - | - | - |
| Current assets29/58 | €121k | €64k | €139k | €70k | ▼ 49.8% |
| Amounts receivable within one year40/41 | €65k | €25k | €23k | €26k | ▲ 15.0% |
| Trade receivables40 | €36k | €25k | €23k | €26k | ▲ 15.0% |
| Other amounts receivable41 | €30k | - | - | - | - |
| Cash at bank and in hand54/58 | €53k | €28k | €112k | €41k | ▼ 63.5% |
| Deferred charges and accrued income490/1 | €3k | €11k | €4k | €3k | ▼ 30.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.93M | €2.45M | €2.80M | €2.49M | ▼ 11.2% |
| Equity10/15 | €542k | €542k | €581k | €809k | ▲ 39.4% |
| Contributions10/11 | €135k | €135k | €135k | €135k | = |
| Capital10 | €135k | €135k | - | - | - |
| Issued capital100 | €135k | €135k | - | - | - |
| Reserves13 | €399k | €399k | €399k | €399k | = |
| Non-distributable reserves130/1 | €13k | €13k | €13k | €13k | = |
| Legal reserve130 | €13k | €13k | - | - | - |
| Reserves not available under the articles1311 | - | - | €13k | €13k | = |
| Tax-exempt reserves132 | €110k | €110k | €110k | €110k | = |
| Distributable reserves133 | €276k | €276k | €276k | €276k | = |
| Profit (loss) carried forward14 | €8k | €9k | €47k | €276k | ▲ 489% |
| Investment grants15 | €221 | €192 | €103 | €0 | ▼ 100% |
| Amounts payable17/49 | €1.38M | €1.90M | €2.22M | €1.68M | ▼ 24.4% |
| Amounts payable after more than one year17 | €1.02M | €1.40M | €2.01M | €1.42M | ▼ 29.2% |
| Financial debts170/4 | €1.02M | €1.40M | €1.27M | €1.14M | ▼ 10.1% |
| Other amounts payable178/9 | - | - | €740k | €280k | ▼ 62.2% |
| Amounts payable within one year42/48 | €349k | €500k | €210k | €255k | ▲ 21.4% |
| Current portion of amounts payable after more than one year42 | €73k | €129k | €130k | €228k | ▲ 75.0% |
| Trade debts44 | €77k | €31k | €76k | €22k | ▼ 71.5% |
| Suppliers440/4 | €77k | €31k | €76k | €22k | ▼ 71.5% |
| Taxes, remuneration and social security45 | €3k | €3k | €3k | €4k | ▲ 60.6% |
| Taxes450/3 | €3k | €3k | €3k | €4k | ▲ 60.6% |
| Other amounts payable47/48 | €196k | €337k | €510 | €510 | = |
| Accrued charges and deferred income492/3 | €14k | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €221 | €38k | €229k | ▲ 497% |
| + Depreciation and write-downs630 | €119k | €116k | €176k | €176k | ▲ 0.2% |
| Operating cash flow (approximation) | €127k | €116k | €214k | €405k | ▲ 89.0% |
| Investment in fixed assets (approximation) | - | €-693k | €-459k | €69k | ▲ 115% |
| Change in cash | - | €-25k | €84k | €-71k | ▼ 185% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2022net €229k ▲497%
Operating result €353k, net result €229k, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €221 ▼97.4%
Net result drops to €221, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial 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
4 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, Poperinge
Ground area
4,687 m²
Building footprint
2,143 m²
Parcel 33021E0246/00N003, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33021E0246/00N003 | Flanders | 4,687 m² | 1 · 2,143 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.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,937 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
Founded18-06-2021
Fiscal year end30-09
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.