ARTSIDE DEVELOPMENT
ActiveSummary
The computed 12-month bankruptcy probability of ARTSIDE DEVELOPMENT is 1.7% (moderate). The 2025 annual accounts show equity of €3.5m and a net result of -€5,950. Equity is growing by ~38.8% per year across the filed fiscal years. The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-3
Solvency38▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 87% and cash: 0% of total assets), and 87% 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
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
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
13%
Return on assets
0%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
30 d late
2023
34 d late
2022
4 d late
2021
28 d early
2020
3 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 23 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€5,950
2024 · €575,638
Working capital
-€23.1m▼ 11.3%
2024 · -€20.8m
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€65,452▲ 1.9%-€19,188▲ 70.7%-€46,479▼ 142%-€41,976▲ 9.7%-€43,233▼ 3.0%
Net result€868,996€2.4m▲ 172%€122,977▼ 94.8%€575,638▲ 368%-€5,950
Equity€481,758€2.8m▲ 490%€3.0m▲ 4.3%€3.5m▲ 19.4%€3.5m▼ 0.2%
Total assets€19.6m▲ 35.8%€16.3m▼ 17.0%€20.2m▲ 23.9%€24.9m▲ 23.2%€27.2m▲ 9.4%
Debt€19.1m▲ 29.0%€13.5m▼ 29.8%€17.2m▲ 28.0%€21.3m▲ 23.8%€23.7m▲ 11.0%
Working capital-€16.7m▼ 20.4%-€10.3m▲ 38.1%-€15.0m▼ 45.5%-€20.8m▼ 38.0%-€23.1m▼ 11.3%
Why a figure moved sharply
- 2023 Net result -95% on 2022. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43,233 in 2025 against €41,976 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.2m
Fixed assets
€26.7m ▲ 9.7%
Current assets
€551,308 =
Equity and liabilities €27.2m
Equity
€3.5m ▼ 0.2%
Debt
€23.7m ▲ 11.0%
Debt's share of the balance-sheet total rises from 85.8% to 87.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,273▼
2024 · -€2,016
Cash flow
€34,010▼
2024 · €615,598
Current ratio
0.02▼
2024 · 0.03
Debt to equity
6.70▲
2024 · 6.02
ROE
-0.2%▼
2024 · 16.3%
ROA
0.0%▼
2024 · 2.3%
Interest coverage
-0.03▼
2024 · -0.02
Debt ≤ 1 year
€23.7m▲
2024 · €21.3m
Income taxes
€12,380▼
2024 · €28,529
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,430 | €39,960 | €39,960 | €39,960 | €39,960 | = |
| Other operating charges640/8 | €1,711 | €1,723 | €1,939 | €979 | €998 | ▲ 2.0% |
| Gross operating margin9900 | -€8,312 | €22,495 | -€4,580 | -€1,037 | -€2,275 | ▼ 119% |
| Operating profit (loss)9901 | -€65,452 | -€19,188 | -€46,479 | -€41,976 | -€43,233 | ▼ 3.0% |
| Financial income75/76B | €934,612 | €2.5m | €277,739 | €778,232 | €168,470 | ▼ 78.4% |
| Recurring financial income75 | €1,280 | €116,852 | €277,739 | €778,232 | €168,470 | ▼ 78.4% |
| Non-recurring financial income76B | €933,332 | €2.4m | - | - | - | - |
| Financial charges65/66B | €412 | €144,293 | €107,830 | €132,088 | €118,807 | ▼ 10.1% |
| Recurring financial charges65 | €412 | €144,293 | €107,830 | €132,088 | €118,807 | ▼ 10.1% |
| Profit (loss) for the period before taxes9903 | €868,748 | €2.4m | €123,430 | €604,167 | €6,430 | ▼ 98.9% |
| Income taxes67/77 | -€248 | €801 | €453 | €28,529 | €12,380 | ▼ 56.6% |
| Profit (loss) for the period9904 | €868,996 | €2.4m | €122,977 | €575,638 | -€5,950 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €868,996 | €2.4m | €122,977 | €575,638 | -€5,950 | ▼ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.6m | €16.3m | €20.2m | €24.9m | €27.2m | ▲ 9.4% |
| Fixed assets21/28 | €17.2m | €13.2m | €18.0m | €24.3m | €26.7m | ▲ 9.7% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €975,200 | €935,240 | €895,280 | ▼ 4.3% |
| Land and buildings22 | €1.1m | €1.0m | €975,200 | €935,240 | €895,280 | ▼ 4.3% |
| Furniture and vehicles24 | €7,348 | - | - | - | - | - |
| Financial fixed assets28 | €16.1m | €12.2m | €17.0m | €23.4m | €25.8m | ▲ 10.2% |
| Current assets29/58 | €2.4m | €3.1m | €2.2m | €551,187 | €551,308 | = |
| Amounts receivable within one year40/41 | €2.4m | €3.1m | €2.1m | €551,141 | €551,141 | = |
| Trade receivables40 | €300,000 | - | - | - | - | - |
| Other amounts receivable41 | €2.1m | €3.1m | €2.1m | €551,141 | €551,141 | = |
| Cash at bank and in hand54/58 | €22,787 | €635 | €83,576 | €46 | €33 | ▼ 29.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €135 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.6m | €16.3m | €20.2m | €24.9m | €27.2m | ▲ 9.4% |
| Equity10/15 | €481,758 | €2.8m | €3.0m | €3.5m | €3.5m | ▼ 0.2% |
| Contributions10/11 | €5.1m | €5.1m | €5.1m | €5.1m | €5.1m | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€4.6m | -€2.2m | -€2.1m | -€1.5m | -€1.5m | ▼ 0.4% |
| Amounts payable17/49 | €19.1m | €13.5m | €17.2m | €21.3m | €23.7m | ▲ 11.0% |
| Amounts payable within one year42/48 | €19.1m | €13.5m | €17.2m | €21.3m | €23.7m | ▲ 11.0% |
| Trade debts44 | €71 | €1,207 | €1,876 | €2,097 | €3,002 | ▲ 43.1% |
| Suppliers440/4 | €71 | €1,207 | €1,876 | €2,097 | €3,002 | ▲ 43.1% |
| Taxes, remuneration and social security45 | €452 | €801 | - | €28,529 | €40,910 | ▲ 43.4% |
| Taxes450/3 | €452 | €801 | - | €28,529 | €40,910 | ▲ 43.4% |
| Other amounts payable47/48 | €19.1m | €13.4m | €17.2m | €21.3m | €23.6m | ▲ 11.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €868,996 | €2.4m | €122,977 | €575,638 | -€5,950 | ▼ 101% |
| + Depreciation and write-downs630 | €55,430 | €39,960 | €39,960 | €39,960 | €39,960 | = |
| Operating cash flow (approximation) | €924,426 | €2.4m | €162,937 | €615,598 | €34,010 | ▼ 94.5% |
| Investment in fixed assets (approximation) | - | €4.0m | -€4.9m | -€6.3m | -€2.4m | ▲ 62.4% |
| Change in cash | - | -€22,153 | €82,942 | -€83,530 | -€14 | ▲ 100.0% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 34 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
31-12
Financial
Highest result since 2018net €2.4m ▲172%
Operating result -€19,188, net result €2.4m, both a record.
31-12
Financial
Equity above €2mEq €2.8m ▲490%
2 profitable years in a row build equity to €2.8m.
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €868,996
Net result €868,996 after 3 loss-making years.
31-12
Financial
Equity above €200,000Eq €481,758
Equity rises from -€387,238 to €481,758.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
31-12
Financial
Weakest financial yearnet -€65,864
Net result drops to -€65,864, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
Show earlier events
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Brussel · 1 establishment unit since 2012
Ground area
327 m²
Building footprint
153 m²
Volume, LiDAR
2,081 m³
Parcel 21822R0307/00D002, Brussels · tallest building 21.7 m, ±5 floors. Linked by address, not a title deed.
28
companies at this address
See who is registered here
1 establishment unit
ARTSIDE DEVELOPMENT
since 20122.207.253.905
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0307/00D002 | Brussels | 327 m² | 1 · 153 m² | 21.7 m · 5 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.
Structure & network
Owners and holdings
1 owner · 2 holdingsOwners 1
-
0.01%
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of ARTSIDE DEVELOPMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
5493002FEDD1COIHSW67
Identification & contact
Identification
Legal formPrivate limited company
Founded24-01-2012
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.