ARTS ET CHATELAIN
ActiveARTS ET CHATELAIN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8.44M and a net result of €-724k. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▼-1
Solvency98▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 2.26 against 4.07 in 2023; short-term debt: 12.1% and cash: 24% of total assets), and 27% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-724k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
122 d late
2022
80 d late
2021
131 d late
2020
5 d late
2019
17 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-724k▼ 9.6%
2023 · €-660k
2018: €-330k
2019: €3.43M
2020: €-735k
2021: €-667k
2022: €-752k
2023: €-660k
2018 → 2024
Working capital
€1.76M▲ 13.6%
2023 · €1.55M
2018: €1.32M
2019: €-681k
2020: €-1.05M
2021: €1.41M
2022: €1.58M
2023: €1.55M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11.24M-€10.58M▼ 5.9%€9.82M▼ 7.1%€9.16M▼ 6.7%€8.44M▼ 7.9%
Operating result€-685k-€-611k▲ 10.8%€-694k▼ 13.5%€-624k▲ 10.1%€-693k▼ 11.1%
Net result€-735k-€-667k▲ 9.3%€-752k▼ 12.6%€-660k▲ 12.2%€-724k▼ 9.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €693k in 2024 against €624k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.56M
Fixed assets
€8.41M▼ 11.2%
Current assets
€3.16M▲ 53.8%
Equity and liabilities €11.56M
Equity
€8.44M▼ 7.9%
Debt
€3.12M▲ 32.7%
The debt ratio rises from 20.4% to 27.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€437k▼
2023 · €490k
Cash flow
€407k▼
2023 · €454k
Solvency
73.0%▼
2023 · 79.6%
Current ratio
2.26▼
2023 · 4.07
Quick ratio
2.26▼
2023 · 4.07
Debt / equity
0.37▲
2023 · 0.26
ROE
-8.6%▼
2023 · -7.2%
ROA
-6.3%▼
2023 · -5.7%
Interest coverage
9.24▼
2023 · 11.94
Debt
€3.12M▲
2023 · €2.35M
Debt ≤ 1 year
€1.40M▲
2023 · €504k
Debt > 1 year
€1.72M▼
2023 · €1.82M
Income taxes
€7k▲
2023 · €2k
Staff costs
€50k▲
2023 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€11.52M€11.56M▲
Fixed assets21/28€9.46M€8.41M▼
Tangible fixed assets22/27€9.46M€8.41M▼
Land and buildings22€9.46M€8.40M▼
Plant, machinery and equipment23-€2k
Current assets29/58€2.05M€3.16M▲
Amounts receivable within one year40/41€421k€353k▼
Trade receivables40€292k€179k▼
Other amounts receivable41€129k€174k▲
Cash at bank and in hand54/58€1.38M€2.77M▲
Deferred charges and accrued income490/1€253k€34k▼
Equity and liabilities
Total equity and liabilities10/49€11.52M€11.56M▲
Equity10/15€9.16M€8.44M▼
Contributions10/11€17.00M€17.00M=
Capital10€17.00M€17.00M=
Issued capital100€17.00M€17.00M=
Profit (loss) carried forward14€-7.84M€-8.56M▼
Amounts payable17/49€2.35M€3.12M▲
Amounts payable after more than one year17€1.82M€1.72M▼
Financial debts170/4€1.82M€1.72M▼
Other amounts payable178/9€370€5k▲
Amounts payable within one year42/48€504k€1.40M▲
Current portion of amounts payable after more than one year42€95k€96k▲
Trade debts44€315k€189k▼
Suppliers440/4€315k€189k▼
Advances received on contracts in progress46€8k€29k▲
Taxes, remuneration and social security45€10k€6k▼
Taxes450/3€977€2k▲
Remuneration and social security454/9€9k€4k▼
Other amounts payable47/48€77k€1.08M▲
Accrued charges and deferred income492/3€32k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€44k€50k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.11M€1.13M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€32k€121k▲
Other operating charges640/8€200k€242k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€767k€851k▲
Operating profit (loss)9901€-624k€-693k▼
Financial income75/76B€7k€24k▲
Recurring financial income75€7k€24k▲
Financial charges65/66B€41k€47k▲
Recurring financial charges65€41k€47k▲
Profit (loss) for the period before taxes9903€-658k€-717k▼
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€-660k€-724k▼
Profit (loss) for the period to be appropriated9905€-660k€-724k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7.84M€-8.56M▼
Profit (loss) brought forward from the previous period14P€-7.18M€-7.84M▼
Social balance
Average headcount (FTE)90871.10.0▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 122 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 4.07
Current ratio from 1.56 to 4.07; short-term debt falls from €2.83M to €504k.
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 80 days late
2022
31-12
Financial
Weakest financial yearnet €-752k
Net result drops to €-752k, the lowest in the series; recovery starts the following year.
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 131 days late
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €3.43M
Net result €3.43M after one loss-making year.
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 85 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 6 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Vorst · 1 establishment unit since 2014
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.
Sint-Denijsstraat 1321190 VorstGround area
4,539 m²
Building footprint
3,808 m²
Volume, LiDAR
56,409 m³
2 parcels, Brussels · tallest building 31.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Kunstlaan 43, 1000 Brussel
since 20142.232.157.862
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21382C0030/00W000 | Brussels | 3,484 m² | 1 · 2,751 m² | 18.3 m · 3 fl. |
| 21805E0337/00H000 | Brussels | 1,055 m² | 1 · 1,057 m² | 31.9 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300XC3NCLSQONU160
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 2,061 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-12-2006
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70201
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.