ARTSABINE
ActiveSummary
The computed 12-month bankruptcy probability of ARTSABINE is 4.2% (elevated). The 2024 annual accounts show negative equity (€-36k) and a net result of €-19k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 1763 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability52▼-28
Solvency10▼-9
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17 against 0.3 in 2023; short-term debt: 68.1% and cash: 2.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
-14.8%
Return on assets
-7.6%
Age of the figures
22 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-36k
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 05-05-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
27 d early
2022
54 d early
2021
14 d early
2020
22 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-19k
2023 · €26k
2018: €10k
2019: €-3k
2020: €-37k
2021: €-929
2022: €-12k
2023: €26k
2018 → 2024
Working capital
€-138k▼ 13.3%
2023 · €-121k
2018: €-21k
2019: €-71k
2020: €-91k
2021: €-91k
2022: €-104k
2023: €-121k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-30k-€-31k▼ 3.1%€-43k▼ 39.0%€-18k▲ 59.3%€-36k▼ 106%
Operating result€-32k-€3k€-8k€31k€-15k
Net result€-37k-€-929▲ 97.5%€-12k▼ 1,198%€26k€-19k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15k after €31k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €244k
Fixed assets
€215k ▼ 8.6%
Current assets
€28k ▼ 44.6%
Key figures and ratios
EBITDA
€18k▼
2023 · €60k
Cash flow
€14k▼
2023 · €55k
Solvency
-14.8%▼
2023 · -6.1%
Current ratio
0.17▼
2023 · 0.30
Quick ratio
0.04▼
2023 · 0.17
Debt to equity
-7.76▲
2023 · -17.39
ROA
-7.6%▼
2023 · 8.9%
Interest coverage
5.16▼
2023 · 10.95
Debt
€280k▼
2023 · €305k
Debt ≤ 1 year
€166k▼
2023 · €173k
Debt > 1 year
€114k▼
2023 · €132k
Staff costs
€23▼
2023 · €98
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 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€287k€244k▼
Fixed assets21/28€236k€215k▼
Tangible fixed assets22/27€236k€215k▼
Land and buildings22€192k€186k▼
Plant, machinery and equipment23€43k€29k▼
Furniture and vehicles24€552€16▼
Financial fixed assets28€130€130=
Current assets29/58€51k€28k▼
Stocks and contracts in progress3€21k€22k▲
Stocks30/36€21k€22k▲
Amounts receivable within one year40/41€2k€630▼
Trade receivables40€2k-
Other amounts receivable41-€630
Cash at bank and in hand54/58€28k€6k▼
Equity and liabilities
Total equity and liabilities10/49€287k€244k▼
Equity10/15€-18k€-36k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-36k€-55k▼
Amounts payable17/49€305k€280k▼
Amounts payable after more than one year17€132k€114k▼
Financial debts170/4€132k€114k▼
Amounts payable within one year42/48€173k€166k▼
Current portion of amounts payable after more than one year42€18k€19k▲
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45€5k-
Taxes450/3€5k-
Other amounts payable47/48€142k€143k▲
Income statement
Code20232024
Remuneration, social security and pensions62€98€23▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€33k▲
Other operating charges640/8€870€560▼
Gross operating margin9900€61k€18k▼
Operating profit (loss)9901€31k€-15k▼
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€26k€-19k▼
Profit (loss) for the period9904€26k€-19k▼
Profit (loss) for the period to be appropriated9905€26k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-55k▼
Profit (loss) brought forward from the previous period14P€-62k€-36k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-11
Financial
Back to profitnet €26k
Net result €26k after 4 loss-making years.
07-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 22 days late
2020
30-11
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 55 days late
2016
23-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oudergem · 1 establishment unit since 2006
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.
Edouard Pinoyplein 31160 OudergemGround area
89 m²
Building footprint
52 m²
Volume, LiDAR
508 m³
Parcel 21332D0030/00V000, Brussels · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ARTSABINE
since 20062.157.041.854
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332D0030/00V000 | Brussels | 89 m² | 1 · 52 m² | 13.0 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudergem2.157.041.854
Similar companies · same sector, comparable size
OM NAMO
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SOLEIL D'AFRIQUE XL
BE 0672.482.786
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SAM93
BE 1017.680.349
Gent · Eq €6,934
IPANI
BE 0823.335.604
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FRIOUATO
BE 0537.794.625
Jette · Eq €6,967
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 6,042 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 (pre-2019)
Founded18-10-2006
Fiscal year end30-11
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.