ARTOR GROUP

Active

Private limited companyfounded 20233 yrs activeGalileilaan 90, 2845 Niel, BelgiumKBO/BCE: BE 0800.218.227

Summary

The computed 12-month bankruptcy probability of ARTOR GROUP is 2.8% (moderate). The 2024 annual accounts show equity of €39k and a net result of €-16k. Its solvency ranks better than 13% of 9623 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

42 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability19▼-68

Solvency30▼-10

Growth32

Track record94

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days only on tighter terms

Liquidity ample (current ratio 1.51 against 1.41 in 2023; short-term debt: 62.3% and cash: 36.7% of total assets), but 94.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

5.1%

Return on assets

-2%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 9623 sector peers (2024).

NBB · sector comparison

Position among 9623 sector peers

Solvency

better than 13%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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

not confirmed

2024

30 d late

2023

30 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, abbreviated schema

Equity

€39k▼ 28.7%

2023 · €54k

2023: €54k

2023 → 2024

Total assets

€761k▲ 113%

2023 · €357k

2023: €357k

2023 → 2024

Net result

€-16k

2023 · €52k

2023: €52k

2023 → 2024

Working capital

€243k▲ 166%

2023 · €91k

2023: €91k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€54k-€39k▼ 28.7%

Operating result€70k-€-8k

Net result€52k-€-16k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €8k after €70k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €761k

94.2%

Fixed assets €44k ▲ 2.6%

Current assets €718k ▲ 129%

Equity and liabilities €761k

94.9%

Equity €39k ▼ 28.7%

Debt €723k ▲ 139%

Debt's share of the balance-sheet total rises from 84.8% to 94.9%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€3k▼

2023 · €70k

Cash flow

€-4k▼

2023 · €53k

Current ratio

1.51▲

2023 · 1.41

Quick ratio

0.99▼

2023 · 1.02

Debt to equity

18.66▲

2023 · 5.56

ROE

-40.3%▼

2023 · 96.3%

ROA

-2.0%▼

2023 · 14.7%

Interest coverage

0.32▼

2023 · 15.17

Debt ≤ 1 year

€474k▲

2023 · €222k

Debt > 1 year

€249k▲

2023 · €80k

Income taxes

€0▼

2023 · €13k

Staff costs

€37k

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 · 2024 against 2023 · 45 lines

Balance sheet Code20232024

Assets

Total assets20/58€357k€761k▲

Fixed assets21/28€43k€44k▲

Tangible fixed assets22/27€43k€44k▲

Furniture and vehicles24€43k€44k▲

Current assets29/58€314k€718k▲

Stocks and contracts in progress3€88k€248k▲

Stocks30/36€88k€248k▲

Amounts receivable within one year40/41€49k€190k▲

Trade receivables40€44k€145k▲

Other amounts receivable41€5k€45k▲

Current investments50/53€50k€0▼

Cash at bank and in hand54/58€127k€279k▲

Deferred charges and accrued income490/1€493€0▼

Equity and liabilities

Total equity and liabilities10/49€357k€761k▲

Equity10/15€54k€39k▼

Contributions10/11€2k€2k=

Profit (loss) carried forward14€52k€37k▼

Amounts payable17/49€302k€723k▲

Amounts payable after more than one year17€80k€249k▲

Financial debts170/4€80k€249k▲

Amounts payable within one year42/48€222k€474k▲

Current portion of amounts payable after more than one year42€18k€61k▲

Financial debts43€31k€145k▲

Credit institutions430/8€31k€145k▲

Trade debts44€93k€126k▲

Suppliers440/4€93k€126k▲

Taxes, remuneration and social security45€52k€137k▲

Taxes450/3€52k€133k▲

Remuneration and social security454/9-€3k

Other amounts payable47/48€29k€5k▼

Income statement Code20232024

Remuneration, social security and pensions62-€37k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€747€11k▲

Other operating charges640/8€109€660▲

Gross operating margin9900€71k€40k▼

Operating profit (loss)9901€70k€-8k▼

Financial income75/76B€749€1k▲

Recurring financial income75€749€1k▲

Financial charges65/66B€5k€8k▲

Recurring financial charges65€5k€8k▲

Profit (loss) for the period before taxes9903€66k€-16k▼

Income taxes67/77€13k€0▼

Profit (loss) for the period9904€52k€-16k▼

Profit (loss) for the period to be appropriated9905€52k€-16k▼

Appropriation of the result

Profit (loss) to be appropriated9906€52k€37k▼

Profit (loss) brought forward from the previous period14P-€52k

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

30-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 30 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

NBB filing

Directors · office · real estate

Directors

2 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, Niel · 1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Galileilaan 902845 Niel

Ground area

5,584 m²

Building footprint

2,228 m²

Volume, LiDAR

15,891 m³

Parcel 11030C0058/00D002, Flanders · tallest building 23.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

ARTOR GROUP

Galileilaan 90, 2845 NielRetail sale of women's outerwear

since 20232.344.554.237

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11030C0058/00D002	Flanders	5,584 m²	1 · 2,228 m²	23.7 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 2,700 EUR awarded · 900 EUR paid

Year	Entries	awarded	paid
2025	1	2,700 EUR	900 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 2,700 EUR · 900 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

SANIPAM

BE 0445.622.750

Anderlecht · Eq €38,139

Beringen · Eq €37,132

HOLYLAND

BE 0471.331.116

Antwerpen · Eq €40,617

Of 459 companies in sector 47712 we hold annual accounts for 269. 189 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded31-03-2023

Fiscal year end31-12

Activities, NACEBEL 2025

47712Retail trade

47716Retail sale of clothing and accessories for women, men, children and babies (general range)

47639Retail sale of other sporting goods

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

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