Equity
-€16,821
Debts exceed assets in financial year 2025.
ARTONA
Lifetime
16 annual accounts with figures on one time axispeak €50,281 (2017)
-€4,216▼ €15,940
lowest -€31,344 (2023)
-€13,374▼ €12,803
peak €28,467 (2022)
-€16,821▼ €13,374
€75,063▲ 0.8%
Documentsfilings and deeds
21-10-202682 days late
2025micro format
Gross margin from €11,725 to -€4,216Loss of €13,374Equity from -€3,447 to -€16,821
Key points
from the 2025 annual accountsLosses
-€45,288 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€75,063 129% of the balance sheet
Financial debts 13%Suppliers 6%Taxes and wages 1%Other 81%
Of this, €69,636 falls due within a year.
2025 accounts filed 82 days after the deadlineTurnover not published (micro format)
Checked score
34
Weak
Financially stronger than 2% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.8%
01-2025: 5.8%● unchanged vs 12-2024
02-2025: 5.8%● unchanged vs 01-2025
03-2025: 5.8%● unchanged vs 02-2025
04-2025: 5.8%● unchanged vs 03-2025
05-2025: 5.7%▼ -0.1 percentage points vs 04-2025
06-2025: 5.6%▼ -0.1 percentage points vs 05-2025
07-2025: 5.5%▼ -0.1 percentage points vs 06-2025
08-2025: 6.1%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 2.1%▼ -4.0 percentage points vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.1%● unchanged vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.0%▼ -0.1 percentage points vs 04-2026
06-2026: 1.9%▼ -0.1 percentage points vs 05-2026
07-2026: 1.9%● unchanged vs 06-2026lowest value
08-2026: 2.8%▲ +0.9 percentage points vs 07-2026
09-2026: 3.1%▲ +0.3 percentage points vs 08-2026
10-2026: 4.7%▲ +1.6 percentage points vs 09-2026
11-2026: 4.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 82 days late; 2 of the last 3 accounts late
Loss of €13,374, the second in a row (financial year 2025)
Liquidity: current ratio 0.48, cash €20
lowers risk
Size: total assets €58,242
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 1% on liquidity, 4% on profitability and 1% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as ARTONA has now. Each dot stands for 18 companies, two years later.
85.5%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARTONA itself: 4.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for ARTONA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.48 (0.61 in 2024), below 1. Short-term debt is 119.6% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€16,821
raises risk · 2025 accounts filed 82 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-10-2026, 82 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
82 days late
2024
25 days late
2023
79 days late
2022
196 days late
2021
23 days late
2020
31 days late
2019
136 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 82 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 October (4 of the last 5 accounts filed within 57 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0826424855
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
“Le conseil technique et l’expertise sur les modalités et l’optimalisation des constructions,aménagements et…” (deed in French) · General meeting of 18-12-2023 · Gazette deed
Incorporation
published on 08-06-2010 · Gazette deed
First establishment
Chemin de Niersant 30, Yvoir
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARTONA Yvoir | €58,242 | -€4,216 | -28.9% | - |
| Luc MONFORT Houffalize | €57,869 | -€7,776 | -12.6% | - |
| Chauffage RENARD Eric Blegny | €58,045 | -€3,158 | 54.0% | - |
| EGUZKI Antwerp | €58,393 | -€22,526 | 43.1% | - |
| Bedrijfsinstallaties & Elektrotechnieken Oosterzele | €60,608 | -€8,091 | 38.6% | - |
| JS Technics Hamont-Achel | €60,742 | -€15,994 | 92.7% | - |
| DEGRYSE TECHNIQUES Brunehaut | €52,674 | -€10,288 | 33.9% | - |
These companies have the same main activity as ARTONA: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €52,700 and €60,700, founded between 2010 and 2011.
Official details
Source: KBO- Status
- Active since 04-06-2010Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.188.589.9175530 Yvoir, since 04-06-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2025
Insights on ARTONA
ARTONA files the micro format. That format states no turnover. The gross margin fell from €5,105 in 2010 to -€4,216 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARTONA
- What is the company number of ARTONA?
- The company number of ARTONA is 0826.424.855. The VAT number is the same number with BE in front: BE 0826.424.855.
- Where is ARTONA based?
- The registered office is at Chemin de Niersant 27, 5530 Yvoir.Company details
- What does ARTONA do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of ARTONA?
- ARTONA is a private limited company (BV).
- When was ARTONA founded?
- ARTONA was founded on 04-06-2010.
- Is ARTONA still active?
- Yes, ARTONA is an active enterprise in the KBO register.
- What is the turnover of ARTONA?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is ARTONA profitable?
- In financial year 2025, ARTONA made a loss of €13,374.
- Where can I find the annual accounts of ARTONA?
- ARTONA filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARTONA due?
- ARTONA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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