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ARTOPEDIC

Active
Private limited companyfounded 20232 yrs activeRue du Centre 56, 7080 Frameries, BelgiumKBO/BCE: BE 1002.229.041
Summary

The computed 12-month bankruptcy probability of ARTOPEDIC is 1.8% (moderate). The 2025 annual accounts show equity of €187,426 and a net result of €49,043. Its solvency ranks better than 61% of 18716 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability84▼-16
Solvency72▼-5
Growth52
Track record82
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.77 against 2.21 in 2024; short-term debt: 48.1% and cash: 39.4% of total assets), but 52.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2025
Solvency, return and age of the figures
Solvency
47.2%
Return on assets
12.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 2 filings
Deviation from the deadline
2025
10 d late
2024
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 19 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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.
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ARTOPEDIC was incorporated on 13 November 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€187,426▲ 35.4%
2024 · €138,383
Total assets
€397,282▲ 47.9%
2024 · €268,683
Net result
€49,043▼ 64.0%
2024 · €136,383
Working capital
€146,975▲ 17.0%
2024 · €125,609
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€197,711-€75,156▼ 62.0%
Net result€136,383above the sector's middle half-€49,043above the sector's middle half▼ 64.0%
Equity€138,383above the sector's middle half-€187,426above the sector's middle half▲ 35.4%
Total assets€268,683within the sector's middle half-€397,282above the sector's middle half▲ 47.9%
Debt€130,300-€209,856▲ 61.1%
Working capital€125,609above the sector's middle half-€146,975above the sector's middle half▲ 17.0%
Solvency51.5%within the sector's middle half-47.2%within the sector's middle half▼ 4.3pp
Current ratio2.21within the sector's middle half-1.77within the sector's middle half▼ 0.44
Return on assets (ROA)50.8%above the sector's middle half-12.3%within the sector's middle half▼ 38.4pp
Staff (FTE)1
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000€200,000Operating result 2024: €197,711€197,711Net result 2024: €136,383€136,383Operating result 2025: €75,156€75,156Net result 2025: €49,043€49,04320242025€0€50,000€100,000€150,000€200,000Operating result 2024: €197,711€198,000Net result 2024: €136,383€136,000Operating result 2025: €75,156€75,200Net result 2025: €49,043€49,00020242025
The operating result falls in 2025; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €397,282
Fixed assets €59,145 ▲ 51.0%
Current assets €338,137 ▲ 47.3%
Equity and liabilities €397,282
Equity €187,426 ▲ 35.4%
Debt €209,856 ▲ 61.1%
Debt's share of the balance-sheet total rises from 48.5% to 52.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€85,278▼
2024 · €205,854
Cash flow
€59,165▼
2024 · €144,526
Quick ratio
1.71▼
2024 · 2.18
Debt to equity
1.12▲
2024 · 0.94
ROE
26.2%▼
2024 · 98.6%
Interest coverage
18.62▼
2024 · 70.62
Debt ≤ 1 year
€191,162▲
2024 · €103,918
Debt > 1 year
€18,694▼
2024 · €26,382
Income taxes
€22,382▼
2024 · €58,413
Staff costs
€37,097
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 39,278 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€268,683€397,282▲
Fixed assets21/28€39,156€59,145▲
Intangible fixed assets21€2,480€1,840▼
Tangible fixed assets22/27€34,677€55,306▲
Plant, machinery and equipment23€31,388€45,916▲
Furniture and vehicles24€3,289€9,390▲
Financial fixed assets28€2,000€2,000=
Current assets29/58€229,527€338,137▲
Stocks and contracts in progress3€3,447€10,849▲
Stocks30/36€3,447€10,849▲
Amounts receivable within one year40/41€158,384€168,061▲
Trade receivables40€151,276€143,287▼
Other amounts receivable41€7,108€24,774▲
Cash at bank and in hand54/58€63,759€156,344▲
Deferred charges and accrued income490/1€3,938€2,883▼
Equity and liabilities
Total equity and liabilities10/49€268,683€397,282▲
Equity10/15€138,383€187,426▲
Contributions10/11€2,000€2,000=
Reserves13€136,383€185,426▲
Distributable reserves133€136,383€185,426▲
Amounts payable17/49€130,300€209,856▲
Amounts payable after more than one year17€26,382€18,694▼
Financial debts170/4€26,382€18,694▼
Amounts payable within one year42/48€103,918€191,162▲
Current portion of amounts payable after more than one year42€7,353€7,689▲
Trade debts44€26,820€92,277▲
Suppliers440/4€26,820€92,277▲
Taxes, remuneration and social security45€66,408€87,197▲
Taxes450/3€59,382€81,786▲
Remuneration and social security454/9€7,026€5,411▼
Other amounts payable47/48€3,337€3,999▲
Income statement Code20242025
Remuneration, social security and pensions62-€37,097
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,143€10,122▲
Other operating charges640/8€1,408€1,359▼
Gross operating margin9900€207,262€123,734▼
Operating profit (loss)9901€197,711€75,156▼
Financial income75/76B-€850
Recurring financial income75-€850
Financial charges65/66B€2,915€4,579▲
Recurring financial charges65€2,915€4,579▲
Profit (loss) for the period before taxes9903€194,796€71,426▼
Income taxes67/77€58,413€22,382▼
Profit (loss) for the period9904€136,383€49,043▼
Profit (loss) for the period to be appropriated9905€136,383€49,043▼
Appropriation of the result
Profit (loss) to be appropriated9906€136,383€49,043▼
Transfer to equity691/2€136,383€49,043▼
To other reserves6921€136,383€49,043▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62-€37,097-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,143€10,122▲ 24.3%
Other operating charges640/8€1,408€1,359▼ 3.4%
Gross operating margin9900€207,262€123,734▼ 40.3%
Operating profit (loss)9901€197,711€75,156▼ 62.0%
Financial income75/76B-€850-
Recurring financial income75-€850-
Financial charges65/66B€2,915€4,579▲ 57.1%
Recurring financial charges65€2,915€4,579▲ 57.1%
Profit (loss) for the period before taxes9903€194,796€71,426▼ 63.3%
Income taxes67/77€58,413€22,382▼ 61.7%
Profit (loss) for the period9904€136,383€49,043▼ 64.0%
Profit (loss) for the period to be appropriated9905€136,383€49,043▼ 64.0%
Line20242025Change
Assets
Total assets20/58€268,683€397,282▲ 47.9%
Fixed assets21/28€39,156€59,145▲ 51.0%
Intangible fixed assets21€2,480€1,840▼ 25.8%
Tangible fixed assets22/27€34,677€55,306▲ 59.5%
Plant, machinery and equipment23€31,388€45,916▲ 46.3%
Furniture and vehicles24€3,289€9,390▲ 185%
Financial fixed assets28€2,000€2,000=
Current assets29/58€229,527€338,137▲ 47.3%
Stocks and contracts in progress3€3,447€10,849▲ 215%
Stocks30/36€3,447€10,849▲ 215%
Amounts receivable within one year40/41€158,384€168,061▲ 6.1%
Trade receivables40€151,276€143,287▼ 5.3%
Other amounts receivable41€7,108€24,774▲ 249%
Cash at bank and in hand54/58€63,759€156,344▲ 145%
Deferred charges and accrued income490/1€3,938€2,883▼ 26.8%
Equity and liabilities
Total equity and liabilities10/49€268,683€397,282▲ 47.9%
Equity10/15€138,383€187,426▲ 35.4%
Contributions10/11€2,000€2,000=
Reserves13€136,383€185,426▲ 36.0%
Distributable reserves133€136,383€185,426▲ 36.0%
Amounts payable17/49€130,300€209,856▲ 61.1%
Amounts payable after more than one year17€26,382€18,694▼ 29.1%
Financial debts170/4€26,382€18,694▼ 29.1%
Amounts payable within one year42/48€103,918€191,162▲ 84.0%
Current portion of amounts payable after more than one year42€7,353€7,689▲ 4.6%
Trade debts44€26,820€92,277▲ 244%
Suppliers440/4€26,820€92,277▲ 244%
Taxes, remuneration and social security45€66,408€87,197▲ 31.3%
Taxes450/3€59,382€81,786▲ 37.7%
Remuneration and social security454/9€7,026€5,411▼ 23.0%
Other amounts payable47/48€3,337€3,999▲ 19.8%
Line20242025Change
Profit (loss) for the period9904€136,383€49,043▼ 64.0%
+ Depreciation and write-downs630€8,143€10,122▲ 24.3%
Operating cash flow (approximation)€144,526€59,165▼ 59.1%
Investment in fixed assets (approximation)--€30,111-
Change in cash-€92,586-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial Equity above €150,000Eq €187,426 ▲35.4%
2 profitable years in a row build equity to €187,426.
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
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 in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Frameries · 1 establishment unit since 2023
seat establishment approximate The establishment unit on the map
Ground area
3,021 m²
Building footprint
300 m²
Volume, LiDAR
1,375 m³
2 parcels, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
ARTOPEDIC
Route d'Ath(J) 292, 7050 JurbiseOther manufacturing
since 20232.351.993.840
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53044B0209/00B002 Wallonia 2,256 m² 1 · 184 m² 9.2 m · 2 fl.
53025B0781/00S000 Wallonia 765 m² 1 · 117 m² 6.0 m · 2 fl.
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.

Similar companies · same sector, comparable size

Of 1,069 companies in this sector we hold annual accounts for 645. 499 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded13-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
Contact
Phone 065339491
Website www.artopedic.beJurbise
E-mail contact@artopedic.beJurbise
E-invoicing
Reachable via Peppol
Peppol ID 0208:1002229041
Also 9925:BE1002229041
Registered 14-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.