ARTS, TRANSFORMATIONS, SOLUTIONS
ActiveSummary
ARTS, TRANSFORMATIONS, SOLUTIONS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,383 and a net result of €9,926. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-26
Solvency71▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.49 in 2024; short-term debt: 37.2% and cash: 2.7% of total assets), and 54.3% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2025Solvency, return and age of the figures
Solvency
45.7%
Return on assets
4.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €110,383
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
28 d late
2023
30 d late
2022
29 d late
2021
31 d late
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
2019 · €0
EBIT margin
Not included in this filing
Net result
€9,926▼ 85.9%
2024 · €70,293
Working capital
€33,852▼ 5.2%
2024 · €35,719
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€57€1,827€15,269▲ 736%€101,983▲ 568%€24,913▼ 75.6%
Net result€19,190within the sector's middle half▲ 15,061%€14below the sector's middle half▼ 99.9%€7,824within the sector's middle half▲ 56,516%€70,293above the sector's middle half▲ 798%€9,926within the sector's middle half▼ 85.9%
Equity€22,325within the sector's middle half▲ 612%€22,339within the sector's middle half▲ 0.1%€30,164within the sector's middle half▲ 35.0%€100,456within the sector's middle half▲ 233%€110,383within the sector's middle half▲ 9.9%
Total assets€114,944within the sector's middle half▲ 61.5%€161,537within the sector's middle half▲ 40.5%€132,407within the sector's middle half▼ 18.0%€202,038within the sector's middle half▲ 52.6%€241,348within the sector's middle half▲ 19.5%
Debt€92,618▲ 36.1%€139,197▲ 50.3%€102,244▼ 26.5%€101,582▼ 0.6%€130,965▲ 28.9%
Working capital€12,384within the sector's middle half€21,969within the sector's middle half▲ 77.4%€21,547within the sector's middle half▼ 1.9%€35,719within the sector's middle half▲ 65.8%€33,852within the sector's middle half▼ 5.2%
Solvency19.4%below the sector's middle half▲ 15.0pp13.8%below the sector's middle half▼ 5.6pp22.8%below the sector's middle half▲ 9.0pp49.7%within the sector's middle half▲ 26.9pp45.7%within the sector's middle half▼ 4.0pp
Current ratio1.13within the sector's middle half▲ 0.161.18within the sector's middle half▲ 0.041.26within the sector's middle half▲ 0.091.49within the sector's middle half▲ 0.221.38within the sector's middle half▼ 0.11
Return on assets (ROA)16.7%within the sector's middle half▲ 16.5pp0.0%below the sector's middle half▼ 16.7pp5.9%within the sector's middle half▲ 5.9pp34.8%above the sector's middle half▲ 28.9pp4.1%within the sector's middle half▼ 30.7pp
Staff (FTE)2.2▲ 57.1%2.8▲ 27.3%1.1▼ 60.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €241,348
Fixed assets
€117,690 ▲ 26.7%
Current assets
€123,658 ▲ 13.3%
Equity and liabilities €241,348
Equity
€110,383 ▲ 9.9%
Debt
€130,965 ▲ 28.9%
Debt's share of the balance-sheet total rises from 50.3% to 54.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€65,292▼
2024 · €125,585
Cash flow
€50,305▼
2024 · €93,895
Quick ratio
1.33▼
2024 · 1.45
Debt to equity
1.19▲
2024 · 1.01
ROE
9.0%▼
2024 · 70.0%
Interest coverage
7.12▼
2024 · 24.09
Debt ≤ 1 year
€89,806▲
2024 · €73,414
Debt > 1 year
€38,679▲
2024 · €26,632
Income taxes
€5,870▼
2024 · €26,967
Staff costs
€0▼
2024 · €581
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 10,905 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,736 | €879 | - | €9,745 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €18,694 | €53,886 | €37,000 | €581 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,603 | €9,796 | €15,120 | €23,602 | €40,379 | ▲ 71.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €493 | €0 | - | - | - |
| Other operating charges640/8 | €2,270 | €645 | €1,005 | €4,643 | €841 | ▼ 81.9% |
| Non-recurring operating charges66A | €26,568 | €430 | €194 | €118 | €0 | ▼ 100% |
| Gross operating margin9900 | €50,078 | €67,077 | €68,588 | €130,927 | €66,133 | ▼ 49.5% |
| Operating profit (loss)9901 | -€57 | €1,827 | €15,269 | €101,983 | €24,913 | ▼ 75.6% |
| Financial income75/76B | €22,718 | €190 | €19 | €491 | €52 | ▼ 89.4% |
| Recurring financial income75 | €5 | €190 | €19 | €491 | €52 | ▼ 89.4% |
| Non-recurring financial income76B | €22,713 | - | - | - | - | - |
| Financial charges65/66B | €1,251 | €2,003 | €3,865 | €5,214 | €9,168 | ▲ 75.8% |
| Recurring financial charges65 | €1,251 | €2,003 | €3,865 | €5,214 | €9,168 | ▲ 75.8% |
| Profit (loss) for the period before taxes9903 | €21,410 | €14 | €11,423 | €97,259 | €15,797 | ▼ 83.8% |
| Income taxes67/77 | €2,220 | - | €3,598 | €26,967 | €5,870 | ▼ 78.2% |
| Profit (loss) for the period9904 | €19,190 | €14 | €7,824 | €70,293 | €9,926 | ▼ 85.9% |
| Profit (loss) for the period to be appropriated9905 | €19,190 | €14 | €7,824 | €70,293 | €9,926 | ▼ 85.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114,944 | €161,537 | €132,407 | €202,038 | €241,348 | ▲ 19.5% |
| Fixed assets21/28 | €9,941 | €15,765 | €29,062 | €92,905 | €117,690 | ▲ 26.7% |
| Intangible fixed assets21 | - | - | - | €4,663 | €3,635 | ▼ 22.0% |
| Tangible fixed assets22/27 | €9,941 | €15,765 | €29,062 | €88,243 | €114,056 | ▲ 29.3% |
| Plant, machinery and equipment23 | €9,314 | €10,089 | €7,287 | €67,441 | €56,659 | ▼ 16.0% |
| Furniture and vehicles24 | €627 | €5,675 | €255 | €4,551 | €8,430 | ▲ 85.2% |
| Leasing and similar rights25 | €0 | - | €21,521 | €16,250 | €48,966 | ▲ 201% |
| Current assets29/58 | €105,003 | €145,772 | €103,345 | €109,133 | €123,658 | ▲ 13.3% |
| Stocks and contracts in progress3 | €4,534 | €8,044 | €1,987 | €2,534 | €3,777 | ▲ 49.0% |
| Stocks30/36 | €4,534 | €8,044 | €1,987 | €2,534 | €3,777 | ▲ 49.0% |
| Amounts receivable within one year40/41 | €73,377 | €118,562 | €93,643 | €80,367 | €111,439 | ▲ 38.7% |
| Trade receivables40 | €60,636 | €111,174 | €88,751 | €45,944 | €84,940 | ▲ 84.9% |
| Other amounts receivable41 | €12,741 | €7,388 | €4,892 | €34,422 | €26,499 | ▼ 23.0% |
| Cash at bank and in hand54/58 | €25,340 | €18,014 | €5,931 | €25,295 | €6,630 | ▼ 73.8% |
| Deferred charges and accrued income490/1 | €1,752 | €1,153 | €1,785 | €936 | €1,812 | ▲ 93.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114,944 | €161,537 | €132,407 | €202,038 | €241,348 | ▲ 19.5% |
| Equity10/15 | €22,325 | €22,339 | €30,164 | €100,456 | €110,383 | ▲ 9.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €19,398 | €19,398 | = |
| Reserves13 | €798 | €798 | €798 | €0 | €9,900 | - |
| Non-distributable reserves130/1 | €798 | €798 | €798 | €0 | - | - |
| Reserves not available under the articles1311 | €798 | €798 | €798 | €0 | - | - |
| Distributable reserves133 | - | - | - | - | €9,900 | - |
| Profit (loss) carried forward14 | €2,928 | €2,942 | €10,766 | €81,059 | €81,085 | = |
| Amounts payable17/49 | €92,618 | €139,197 | €102,244 | €101,582 | €130,965 | ▲ 28.9% |
| Amounts payable after more than one year17 | €0 | €11,606 | €20,261 | €26,632 | €38,679 | ▲ 45.2% |
| Financial debts170/4 | €0 | €11,606 | €20,261 | €26,632 | €38,679 | ▲ 45.2% |
| Amounts payable within one year42/48 | €92,618 | €123,803 | €81,799 | €73,414 | €89,806 | ▲ 22.3% |
| Current portion of amounts payable after more than one year42 | €0 | €6,973 | €11,542 | €12,054 | €24,610 | ▲ 104% |
| Trade debts44 | €25,283 | €59,610 | €51,328 | €26,243 | €29,536 | ▲ 12.6% |
| Suppliers440/4 | €25,283 | €59,610 | €51,328 | €26,243 | €29,536 | ▲ 12.6% |
| Advances received on contracts in progress46 | €25,271 | €28,558 | €0 | - | €4,924 | - |
| Taxes, remuneration and social security45 | €11,002 | €9,101 | €17,709 | €31,943 | €26,744 | ▼ 16.3% |
| Taxes450/3 | €7,003 | €2,220 | €3,601 | €30,106 | €26,744 | ▼ 11.2% |
| Remuneration and social security454/9 | €3,999 | €6,881 | €14,108 | €1,837 | €0 | ▼ 100% |
| Other amounts payable47/48 | €31,062 | €19,561 | €1,220 | €3,174 | €3,992 | ▲ 25.8% |
| Accrued charges and deferred income492/3 | - | €3,788 | €184 | €1,535 | €2,480 | ▲ 61.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,190 | €14 | €7,824 | €70,293 | €9,926 | ▼ 85.9% |
| + Depreciation and write-downs630 | €2,603 | €9,796 | €15,120 | €23,602 | €40,379 | ▲ 71.1% |
| Operating cash flow (approximation) | €21,793 | €9,810 | €22,944 | €93,895 | €50,305 | ▼ 46.4% |
| Investment in fixed assets (approximation) | - | -€15,619 | -€28,418 | -€87,445 | -€65,164 | ▲ 25.5% |
| Change in cash | - | -€7,326 | -€12,083 | €19,365 | -€18,665 | ▼ 196% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €70,293 ▲798%
Operating result €101,983, net result €70,293, both a record.
31-12
Financial
Equity above €100,000Eq €100,456 ▲233%
6 profitable years in a row build equity to €100,456.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Back to profitnet €20,836
Net result €20,836 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 72 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Charleroi · 1 establishment unit since 2015
Ground area
3,187 m²
Building footprint
284 m²
Volume, LiDAR
909 m³
2 parcels, Wallonia · tallest building 5.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Arts, Transformations, Solutions Sprl
since 20152.246.116.954
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52058A0439/00T000 | Wallonia | 2,009 m² | 1 · 175 m² | 5.4 m · 2 fl. |
| 52028B0388/00G007 | Wallonia | 1,178 m² | 1 · 108 m² | - |
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.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,720 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
Founded22-09-2015
Fiscal year end31-12
Abbreviation FR
A.T.S.
Activities, NACEBEL 2025
43320Joinery installation
43333Wallpapering and laying of floor and wall coverings in other materials
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0637963951
Registered
02-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.