ARTSTECHS
ActiveSummary
ARTSTECHS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €582,973 and a net result of €80,242. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 53% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+2
Solvency75▲+5
Growth69▼-3
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.52 in 2024; short-term debt: 38.4% and cash: 46.3% of total assets), and 50% 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
50%
Return on assets
6.9%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 01-12-2025, 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
on the day
2022
3 d late
2021
3 d late
2020
27 d late
2019
22 d early
← 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 6 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€1.4m▼ 4.9%
2024 · €1.5m
EBIT margin
8.3%▲ 2.3pp
2024 · 6.0%
Net result
€80,242▲ 17.0%
2024 · €68,566
Working capital
€289,144▲ 17.6%
2024 · €245,809
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€333,281▼ 72.1%€743,788▲ 123%€1.5m▲ 104%€1.5m▲ 0.1%€1.4m▼ 4.9%
Operating result-€88,992▼ 1,049%€161,465€220,201▲ 36.4%€90,680▼ 58.8%€119,532▲ 31.8%
Net result-€96,318▼ 289%€151,500€190,333▲ 25.6%€68,566▼ 64.0%€80,242▲ 17.0%
EBIT margin-26.7%▼ 26.1pp21.7%▲ 48.4pp14.5%▼ 7.2pp6.0%▼ 8.6pp8.3%▲ 2.3pp
Equity€102,174▼ 48.5%€253,674▲ 148%€444,014▲ 75.0%€512,580▲ 15.4%€582,973▲ 13.7%
Total assets€584,310▼ 5.3%€779,123▲ 33.3%€1.4m▲ 78.2%€1.2m▼ 17.1%€1.2m▲ 1.3%
Debt€472,136▲ 15.5%€515,449▲ 9.2%€884,726▲ 71.6%€518,588▼ 41.4%€462,669▼ 10.8%
Working capital-€135,652▼ 131%€48,095€186,166▲ 287%€245,809▲ 32.0%€289,144▲ 17.6%
Staff (FTE)0.3▲ 50.0%2
Why a figure moved sharply
- 2024 Net result -64% on 2023. The accounts now follow the full schema, last year the micro schema.
- 2023 Turnover +104% on 2022. The accounts now follow the micro schema, last year the full schema.
- 2023 Equity +75%, Total assets +78% on 2022. Cause not known from the registers.
- 2022 Turnover +123%, Equity +148% on 2021. Cause not known from the registers.
- 2021 Turnover -72% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 32% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€426,684 ▼ 1.3%
Current assets
€737,307 ▲ 2.9%
Equity and liabilities €1.2m
Equity
€582,973 ▲ 13.7%
Provisions
€120,000 =
Debt
€462,669 ▼ 10.8%
Debt's share of the balance-sheet total falls from 45.0% to 39.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€315,963▲
2024 · €291,942
Cash flow
€276,673▲
2024 · €269,827
Current ratio
1.65▲
2024 · 1.52
Debt to equity
0.79▼
2024 · 1.01
ROE
13.8%▲
2024 · 13.4%
ROA
6.9%▲
2024 · 6.0%
Interest coverage
18.08▲
2024 · 17.91
Debt ≤ 1 year
€448,163▼
2024 · €470,458
Debt > 1 year
€14,506▼
2024 · €48,130
Income taxes
€26,295▲
2024 · €6,551
Staff costs
€99,068▲
2024 · €71,153
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 17,792 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €333,281 | €743,788 | €1.5m | €1.5m | €1.4m | ▼ 4.9% |
| Non-recurring operating income76A | - | €37,500 | - | €5,128 | €60 | ▼ 98.8% |
| Goods, raw materials, services and sundry goods60/61 | - | €379,976 | €1.0m | €1.1m | €1.0m | ▼ 6.5% |
| Remuneration, social security and pensions62 | - | €36,616 | €53,195 | €71,153 | €99,068 | ▲ 39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €190,539 | €202,655 | €187,270 | €201,262 | €196,431 | ▼ 2.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €50,000 | €60,000 | - | - |
| Other operating charges640/8 | - | €576 | €1,121 | €1,576 | €1,407 | ▼ 10.7% |
| Gross operating margin9900 | €116,353 | €401,312 | €511,788 | €424,670 | €416,438 | ▼ 1.9% |
| Operating profit (loss)9901 | -€88,992 | €161,465 | €220,201 | €90,680 | €119,532 | ▲ 31.8% |
| Financial income75/76B | - | - | - | €739 | €4,477 | ▲ 506% |
| Recurring financial income75 | €0 | - | - | €739 | €4,477 | ▲ 506% |
| Financial charges65/66B | - | €9,964 | €11,868 | €16,303 | €17,472 | ▲ 7.2% |
| Recurring financial charges65 | €7,327 | €9,964 | €11,868 | €16,303 | €17,472 | ▲ 7.2% |
| Profit (loss) for the period before taxes9903 | -€96,318 | €151,500 | €208,333 | €75,116 | €106,537 | ▲ 41.8% |
| Income taxes67/77 | - | - | €18,000 | €6,551 | €26,295 | ▲ 301% |
| Profit (loss) for the period9904 | -€96,318 | €151,500 | €190,333 | €68,566 | €80,242 | ▲ 17.0% |
| Transfer to tax-exempt reserves689 | - | - | €85,773 | €20,000 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€96,318 | €151,500 | €104,560 | €48,566 | €80,242 | ▲ 65.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €584,310 | €779,123 | €1.4m | €1.2m | €1.2m | ▲ 1.3% |
| Formation expenses20 | - | - | €3,375 | €2,513 | €1,651 | ▼ 34.3% |
| Fixed assets21/28 | €356,502 | €320,344 | €423,444 | €432,387 | €426,684 | ▼ 1.3% |
| Tangible fixed assets22/27 | €356,502 | €320,344 | €423,444 | €432,387 | €426,684 | ▼ 1.3% |
| Plant, machinery and equipment23 | - | €317,986 | €405,080 | €414,990 | €416,307 | ▲ 0.3% |
| Furniture and vehicles24 | - | €2,358 | €18,364 | €17,398 | €10,377 | ▼ 40.4% |
| Current assets29/58 | €227,808 | €458,780 | €961,922 | €716,268 | €737,307 | ▲ 2.9% |
| Amounts receivable within one year40/41 | €102,896 | €228,579 | €624,985 | €236,353 | €198,003 | ▼ 16.2% |
| Trade receivables40 | - | €113,064 | €249,847 | €233,588 | €193,017 | ▼ 17.4% |
| Other amounts receivable41 | - | €115,515 | €375,138 | €2,765 | €4,986 | ▲ 80.3% |
| Cash at bank and in hand54/58 | €124,912 | €230,201 | €336,937 | €479,915 | €539,304 | ▲ 12.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €584,310 | €779,123 | €1.4m | €1.2m | €1.2m | ▲ 1.3% |
| Equity10/15 | €102,174 | €253,674 | €444,014 | €512,580 | €582,973 | ▲ 13.7% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €34,900 | €34,900 | €120,680 | €140,680 | €170,680 | ▲ 21.3% |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | €28,750 | €114,530 | €134,530 | €164,530 | ▲ 22.3% |
| Profit (loss) carried forward14 | €5,774 | €157,274 | €261,834 | €310,400 | €350,793 | ▲ 13.0% |
| Provisions and deferred taxes16 | €10,000 | €10,000 | €60,000 | €120,000 | €120,000 | = |
| Provisions for liabilities and charges160/5 | - | €10,000 | €60,000 | €120,000 | €120,000 | = |
| Major repairs and maintenance162 | - | €10,000 | €60,000 | €120,000 | €120,000 | = |
| Amounts payable17/49 | €472,136 | €515,449 | €884,726 | €518,588 | €462,669 | ▼ 10.8% |
| Amounts payable after more than one year17 | €108,676 | €104,764 | €108,970 | €48,130 | €14,506 | ▼ 69.9% |
| Financial debts170/4 | - | €104,764 | €108,970 | €48,130 | €14,506 | ▼ 69.9% |
| Amounts payable within one year42/48 | €363,460 | €410,685 | €775,756 | €470,458 | €448,163 | ▼ 4.7% |
| Current portion of amounts payable after more than one year42 | - | €52,883 | €73,834 | €60,840 | €35,764 | ▼ 41.2% |
| Trade debts44 | €50,522 | €63,979 | €146,563 | €204,979 | €173,912 | ▼ 15.2% |
| Suppliers440/4 | - | €63,979 | €146,563 | €204,979 | €173,912 | ▼ 15.2% |
| Taxes, remuneration and social security45 | - | €117,460 | €375,537 | €16,854 | €30,428 | ▲ 80.5% |
| Taxes450/3 | - | €117,005 | €370,186 | €10,011 | €15,321 | ▲ 53.0% |
| Remuneration and social security454/9 | - | €455 | €5,350 | €6,843 | €15,107 | ▲ 121% |
| Other amounts payable47/48 | - | €176,363 | €179,822 | €187,785 | €208,059 | ▲ 10.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€96,318 | €151,500 | €190,333 | €68,566 | €80,242 | ▲ 17.0% |
| + Depreciation and write-downs630 | €190,539 | €202,655 | €187,270 | €201,262 | €196,431 | ▼ 2.4% |
| Operating cash flow (approximation) | €94,220 | €354,155 | €377,604 | €269,827 | €276,673 | ▲ 2.5% |
| Investment in fixed assets (approximation) | - | -€166,497 | -€290,371 | -€210,205 | -€190,728 | ▲ 9.3% |
| Change in cash | - | €105,289 | €106,736 | €142,978 | €59,389 | ▼ 58.5% |
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
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Equity above €500,000Eq €512,580 ▲15.4%
3 profitable years in a row build equity to €512,580.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €190,333 ▲25.6%
Operating result €220,201, net result €190,333, both a record.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
31-03
Financial
Back to profitnet €151,500
Net result €151,500 after 2 loss-making years.
31-03
Financial
Equity above €200,000Eq €253,674 ▲148%
Equity rises from €102,174 to €253,674.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
31-03
Financial
Weakest financial yearnet -€96,318
Net result drops to -€96,318, the lowest in the series; recovery starts the following year.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wavre · 1 establishment unit since 2016
Ground area
6,168 m²
Building footprint
2,304 m²
Volume, LiDAR
16,857 m³
Parcel 25006C0331/00N000, Wallonia · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARTSTECHS
since 20162.255.941.668
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006C0331/00N000 | Wallonia | 6,168 m² | 1 · 2,304 m² | 12.8 m · 2 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 6,089 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-08-2016
Fiscal year end31-03
Activities, NACEBEL 2025
43211General electrical installation work
77399Renting and leasing of other machinery, equipment and tangible goods
43212Electrical installation work in industrial facilities
46474Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0660923554
Also
9925:BE0660923554
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.