Equity
€4,159 from €161,007 in 2008
Equity fell by 97% in 17 years.
ARTSON
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €397,734 (2008)
€41,228▼ 33.3%
lowest -€213,597 (2009)
€19,704▼ 58.7%
peak €161,007 (2008)
€4,159▲ €19,704
€103,260▼ 10.3%
peak 6.4 FTE (2008)
-not published
Board2 names since 2016
1 directorFIERS Lieven
Documentsfilings and deeds
14-06-202647 days before the deadline
2025micro format
Gross margin from €61,788 to €41,228Result from €47,717 to €19,704Equity from -€15,545 to €4,159Cash from €5,391 to €43,344
Key points
from the 2025 annual accountsDebts
€103,260 96% of the balance sheet
Suppliers 2%Taxes and wages 3%Other 95%
Of this, €102,810 falls due within a year.
Position in the sector
3.9%
Lower solvency than 89% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
84
Excellent
Financially stronger than 56% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%highest value
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.0%▼ -0.1 percentage points vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 0.7%▼ -0.3 percentage points vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.4%▼ -0.3 percentage points vs 06-2026lowest value
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Equity €4,159 (3.9% of total assets)
lowers risk
Size: total assets €107,419
Liquidity: current ratio 0.62, cash €43,344
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 10% of them on solvency, 43% on liquidity, 78% on profitability and 93% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 931 companies had the same profile as ARTSON has now. Each dot stands for 3 companies, two years later.
93.1%
were still trading
4.6%
stopped another way
1.9%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARTSON itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 931 companies, not a prediction for ARTSON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-06-2026, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
47 days early
2024
60 days early
2023
32 days early
2022
27 days early
2021
60 days late
2020
90 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0443812909
Change of role: FIERS Lieven, from managing director to sole director
Resignation: FIERS Philip (director) · General meeting of 30-12-2023 · Gazette deed
Capital decrease of €125,000 to €62,970
Capital from €187,970 to €62,970 · Gazette deed
Registered office moved from Oostkamp to Loppem
New registered office: Rode Beukendreef 9 8210 Loppem (Zedelgem) · Previous registered office: BRUGSESTRAAT 196 BUS 4 8020 OOSTKAMP · General meeting of 31-05-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARTSON Zedelgem | €107,419 | €41,228 | 3.9% | - |
| DE WEVER DIRK Westerlo | €103,845 | €45,480 | 43.7% | - |
| WALLAYS Tournai | €105,046 | €37,770 | -186.3% | - |
| BRUGGEN DEUREN Diepenbeek | €112,342 | €40,058 | 16.7% | - |
| Hemi Zelzate | €99,326 | €35,885 | -121.4% | - |
| ETABLISSEMENTS PATEN ET FILS Genappe | €117,226 | €32,555 | 58.4% | - |
| VERLINDE Kortemark | €117,688 | €40,010 | 55.8% | - |
These companies have the same main activity as ARTSON: joinery installation (NACE 43320). They are comparable in size and age: total assets between €99,300 and €118,000, founded between 1987 and 1998.
Official details
Source: KBO- Status
- Active since 28-03-1991Normal situation
- Activity
- Joinery installationNACE 43320and 3 others
- Establishment units
- 2.053.089.9248210 Zedelgem, since 12-06-1991
- 2.267.328.7758210 Zedelgem, since 20-04-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2025
Annual accounts 2025
- ≈ €250,000estimated
- €107,419▲ 7.9%
- Filing
- Filed on 14-06-2026, 47 days before the end of the filing period
Insights on ARTSON
ARTSON files the micro format. That format states no turnover. The gross margin fell from €260,205 in 2006 to €41,228 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARTSON
- What is the company number of ARTSON?
- The company number of ARTSON is 0443.812.909. The VAT number is the same number with BE in front: BE 0443.812.909.
- Where is ARTSON based?
- The registered office is at Rode Beukendreef 9, 8210 Zedelgem.Company details
- What does ARTSON do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of ARTSON?
- ARTSON is a public limited company (NV).
- When was ARTSON founded?
- ARTSON was founded on 28-03-1991.
- Is ARTSON still active?
- Yes, ARTSON is an active enterprise in the KBO register.
- What is the turnover of ARTSON?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €41,228 and 32 comparable companies (NACE 43320). It probably lies between €180,000 and €420,000.Financials
- Is ARTSON profitable?
- In financial year 2025, ARTSON made a profit of €19,704.
- Where can I find the annual accounts of ARTSON?
- ARTSON filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARTSON due?
- ARTSON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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