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ARTSCOMM

Active
Private limited companyfounded 201610 yrs activeWeststraat 58, 8370 Blankenberge, BelgiumKBO/BCE: BE 0659.821.219
Summary

The computed 12-month bankruptcy probability of ARTSCOMM is 2.5% (moderate). The 2024 annual accounts show equity of €13,668 and a net result of -€4,503. Its solvency ranks better than 40% of 18940 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2022
Profitability12▲+2
Solvency42▲+14
Growth78
Track record100
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.16 against 1.03 in 2022; short-term debt: 83.2% and cash: 3.3% of total assets), and 83.2% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk
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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 2024
Solvency, return and age of the figures
Solvency
16.8%
Return on assets
-5.5%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-12-2025, 145 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
145 d late
2022
145 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 145 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

Checked, nothing found (1)
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

ARTSCOMM was incorporated on 18 July 2016.1 Total assets went from EUR 81,537 in 2022 to EUR 81,462 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€13,668▲ 426%
2022 · €2,598
Total assets
€81,462▼ 0.1%
2022 · €81,537
Net result
-€4,503▲ 49.2%
2022 · -€8,858
Working capital
€10,951▲ 321%
2022 · €2,598
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Available amounts per fiscal year
Line20222024
Operating result-€8,727--€4,330-
Net result-€8,858within the sector's middle half--€4,503within the sector's middle half-
Equity€2,598within the sector's middle half-€13,668within the sector's middle half-
Total assets€81,537within the sector's middle half-€81,462within the sector's middle half-
Debt€78,939-€67,794-
Working capital€2,598within the sector's middle half-€10,951within the sector's middle half-
Solvency3.2%within the sector's middle half-16.8%within the sector's middle half-
Current ratio1.03within the sector's middle half-1.16within the sector's middle half-
Return on assets (ROA)-10.9%within the sector's middle half--5.5%below the sector's middle half-
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
-€10,000-€7,500-€5,000-€2,500€0Operating result 2022: -€8,727-€8,727Net result 2022: -€8,858-€8,858Operating result 2024: -€4,330-€4,330Net result 2024: -€4,503-€4,50320222024-€10,000-€7,500-€5,000-€2,500€0Operating result 2022: -€8,727-€8,730Net result 2022: -€8,858-€8,860Operating result 2024: -€4,330-€4,330Net result 2024: -€4,503-€4,50020222024
The operating result is -€4,330 in 2024, compared with -€8,727 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €81,462
Fixed assets €2,717
Current assets €78,744
Equity and liabilities €81,462
Equity €13,668 ▲ 426%
Debt €67,794 ▼ 14.1%
Debt's share of the balance-sheet total falls from 96.8% to 83.2%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2022
EBITDA
-€3,605
Cash flow
-€3,778
Quick ratio
1.12▲
2022 · 0.99
Debt to equity
4.96▼
2022 · 30.38
ROE
-32.9%▲
2022 · -340.9%
Interest coverage
-20.75
Debt ≤ 1 year
€67,794▼
2022 · €78,939
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,166 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a small loss
2.2% went bankrupt
3.0% stopped otherwise
94% still going

A further 0.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,166 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 · 2024 against 2022 · 35 lines
Balance sheet Code20222024
Assets
Total assets20/58€81,537€81,462▼
Fixed assets21/28-€2,717
Tangible fixed assets22/27-€2,717
Furniture and vehicles24-€2,717
Current assets29/58€81,537€78,744▼
Stocks and contracts in progress3€3,488€2,740▼
Stocks30/36€3,488€2,740▼
Amounts receivable within one year40/41€77,843€73,324▼
Trade receivables40€61,622€56,352▼
Other amounts receivable41€16,221€16,972▲
Cash at bank and in hand54/58€206€2,681▲
Equity and liabilities
Total equity and liabilities10/49€81,537€81,462▼
Equity10/15€2,598€13,668▲
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€16,002-€4,932▲
Amounts payable17/49€78,939€67,794▼
Amounts payable within one year42/48€78,939€67,794▼
Trade debts44€3,297€144▼
Suppliers440/4€3,297€144▼
Taxes, remuneration and social security45-€12,527
Taxes450/3-€12,527
Other amounts payable47/48€75,642€55,123▼
Income statement Code20222024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€725
Other operating charges640/8€1,034€1,250▲
Gross operating margin9900-€7,693-€2,355▲
Operating profit (loss)9901-€8,727-€4,330▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€130€174▲
Recurring financial charges65€130€174▲
Profit (loss) for the period before taxes9903-€8,858-€4,503▲
Profit (loss) for the period9904-€8,858-€4,503▲
Profit (loss) for the period to be appropriated9905-€8,858-€4,503▲
Appropriation of the result
Profit (loss) to be appropriated9906-€16,002-€4,932▲
Profit (loss) brought forward from the previous period14P-€7,144-€429▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€725-
Other operating charges640/8€1,034€1,250-
Gross operating margin9900-€7,693-€2,355-
Operating profit (loss)9901-€8,727-€4,330-
Financial income75/76B€0--
Recurring financial income75€0--
Financial charges65/66B€130€174-
Recurring financial charges65€130€174-
Profit (loss) for the period before taxes9903-€8,858-€4,503-
Profit (loss) for the period9904-€8,858-€4,503-
Profit (loss) for the period to be appropriated9905-€8,858-€4,503-
Line20222024Change
Assets
Total assets20/58€81,537€81,462-
Fixed assets21/28-€2,717-
Tangible fixed assets22/27-€2,717-
Furniture and vehicles24-€2,717-
Current assets29/58€81,537€78,744-
Stocks and contracts in progress3€3,488€2,740-
Stocks30/36€3,488€2,740-
Amounts receivable within one year40/41€77,843€73,324-
Trade receivables40€61,622€56,352-
Other amounts receivable41€16,221€16,972-
Cash at bank and in hand54/58€206€2,681-
Equity and liabilities
Total equity and liabilities10/49€81,537€81,462-
Equity10/15€2,598€13,668-
Contributions10/11€18,600€18,600-
Profit (loss) carried forward14-€16,002-€4,932-
Amounts payable17/49€78,939€67,794-
Amounts payable within one year42/48€78,939€67,794-
Trade debts44€3,297€144-
Suppliers440/4€3,297€144-
Taxes, remuneration and social security45-€12,527-
Taxes450/3-€12,527-
Other amounts payable47/48€75,642€55,123-
Line20222024Change
Profit (loss) for the period9904-€8,858-€4,503-
+ Depreciation and write-downs630-€725-
Operating cash flow (approximation)-€8,858-€3,778-

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

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Timeline · acts, filings and financial milestones

2025
23-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 145 days late
2023
23-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 145 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
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, Blankenberge · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
43 m²
Building footprint
43 m²
Volume, LiDAR
537 m³
Parcel 31004A0226/00C000, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Le Gourmet
Weststraat 58, 8370 BlankenbergeFood and beverage service activities
since 20162.255.467.358
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31004A0226/00C000 Flanders 43 m² 1 · 43 m² 15.4 m · 4 fl.
Linked by address, not proof of ownership
Good to know
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 site
Blankenberge2.255.467.358
1 permission
Toelating · Eetgelegenheid · since 25-08-2016

Similar companies · same sector, comparable size

Of 21,859 companies in sector 56112 we hold annual accounts for 9,783. 7,551 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
Founded18-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0659821219
Also 9925:BE0659821219
Registered 24-05-2026

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

Register as of 28 September 2026 · Peppol Directory

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