ARTSTONE
ActiveSummary
ARTSTONE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8.7m and a net result of €358,275. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 50% of 6133 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability62▼-1
Solvency67▲+3
Growth67▲+16
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500,000 at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.6 in 2023; short-term debt: 37.7% and cash: 0.2% of total assets), and 58.4% of the assets are financed with debt.
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Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2024Solvency, return and age of the figures
Solvency
41.6%
Return on assets
1.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-05-2025, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
73 d early
2023
50 d early
2022
32 d early
2021
41 d early
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#5 company by total assets in Puurs-Sint-Amands, Wholesale and retail trade sector#5 company by equity in Puurs-Sint-Amands, Wholesale and retail trade sector
Turnover
€9.3m▼ 0.3%
2023 · €9.3m
EBIT margin
9.6%▲ 5.8pp
2023 · 3.8%
Net result
€358,275▲ 2,050%
2023 · €16,664
Working capital
-€2.9m▲ 14.4%
2023 · -€3.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€8.0m▲ 5.0%€9.3m€9.3m▼ 0.3%
Operating result€126,950▼ 20.8%€265,503▲ 109%€171,102▼ 35.6%€355,400▲ 108%€894,762▲ 152%
Net result€257,093within the sector's middle half€220,924above the sector's middle half▼ 14.1%€48,463within the sector's middle half▼ 78.1%€16,664within the sector's middle half▼ 65.6%€358,275within the sector's middle half▲ 2,050%
EBIT margin1.6%▼ 0.5pp3.8%9.6%▲ 5.8pp
Equity€8.1mabove the sector's middle half▲ 3.3%€8.3mabove the sector's middle half▲ 2.7%€8.4mabove the sector's middle half▲ 0.6%€8.4mabove the sector's middle half▲ 0.2%€8.7mabove the sector's middle half▲ 4.3%
Total assets€19.2mabove the sector's middle half▲ 1.6%€19.2mabove the sector's middle half▼ 0.4%€19.9mabove the sector's middle half▲ 3.8%€21.3mabove the sector's middle half▲ 7.0%€21.0mabove the sector's middle half▼ 1.4%
Debt€11.2m▲ 0.3%€10.9m▼ 2.7%€11.5m▲ 6.2%€12.9m▲ 11.9%€12.2m▼ 5.1%
Working capital-€3.0mbelow the sector's middle half▼ 5.4%-€3.1mbelow the sector's middle half▼ 2.8%-€2.9mbelow the sector's middle half▲ 7.3%-€3.4mbelow the sector's middle half▼ 19.5%-€2.9mbelow the sector's middle half▲ 14.4%
Solvency42.0%within the sector's middle half▲ 0.7pp43.3%within the sector's middle half▲ 1.3pp42.0%within the sector's middle half▼ 1.3pp39.3%within the sector's middle half▼ 2.7pp41.6%within the sector's middle half▲ 2.3pp
Current ratio0.54below the sector's middle half▼ 0.020.50below the sector's middle half▼ 0.030.57below the sector's middle half▲ 0.070.60below the sector's middle half▲ 0.020.63below the sector's middle half▲ 0.03
Return on assets (ROA)1.3%within the sector's middle half▲ 1.4pp1.2%within the sector's middle half▼ 0.2pp0.2%below the sector's middle half▼ 0.9pp0.1%below the sector's middle half▼ 0.2pp1.7%within the sector's middle half▲ 1.6pp
Staff (FTE)17.7within the sector's middle half▼ 16.9%20.3above the sector's middle half▲ 14.7%18.6above the sector's middle half▼ 8.4%16within the sector's middle half▼ 14.0%15.6within the sector's middle half▼ 2.5%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 152% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21.0m
Fixed assets
€16.0m ▼ 1.4%
Current assets
€5.0m ▼ 1.6%
Equity and liabilities €21.0m
Equity
€8.7m ▲ 4.3%
Debt
€12.2m ▼ 5.1%
Debt's share of the balance-sheet total falls from 60.7% to 58.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.3m▲
2023 · €755,395
Cash flow
€761,105▲
2023 · €416,660
Quick ratio
0.34▲
2023 · 0.30
Debt to equity
1.40▼
2023 · 1.54
ROE
4.1%▲
2023 · 0.2%
Interest coverage
4.18▼
2023 · 5.85
Debt ≤ 1 year
€7.9m▼
2023 · €8.5m
Debt > 1 year
€4.0m▼
2023 · €4.3m
Income taxes
€119▼
2023 · €7,776
Staff costs
€759,675▼
2023 · €763,084
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €10.0m | €9.9m | ▼ 0.7% |
| Turnover70 | €8.0m | - | - | €9.3m | €9.3m | ▼ 0.3% |
| Other operating income74 | - | - | - | €598,838 | €230,244 | ▼ 61.6% |
| Non-recurring operating income76A | - | - | - | €37,219 | €360,000 | ▲ 867% |
| Operating charges60/66A | - | - | - | €9.6m | €9.0m | ▼ 6.4% |
| Goods for resale, raw materials and consumables60 | - | - | - | €5.5m | €5.6m | ▲ 1.9% |
| Purchases600/8 | - | - | - | €5.8m | €5.4m | ▼ 6.6% |
| Change in stocks: decrease (increase)609 | - | - | - | -€318,354 | €169,240 | ▲ 153% |
| Services and other goods61 | - | - | - | €2.9m | €2.2m | ▼ 25.4% |
| Remuneration, social security and pensions62 | - | €815,148 | €887,204 | €763,084 | €759,675 | ▼ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €266,616 | €328,151 | €358,272 | €399,996 | €402,829 | ▲ 0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €15,287 | €4,945 | -€23,636 | - | - |
| Other operating charges640/8 | - | €19,476 | €28,021 | €30,648 | €36,939 | ▲ 20.5% |
| Gross operating margin9900 | - | €1.4m | €1.4m | - | - | - |
| Operating profit (loss)9901 | €126,950 | €265,503 | €171,102 | €355,400 | €894,762 | ▲ 152% |
| Financial income75/76B | - | €57,269 | €48,199 | €49,396 | €31,599 | ▼ 36.0% |
| Recurring financial income75 | €24,647 | €32,749 | €48,199 | €49,396 | €31,599 | ▼ 36.0% |
| Income from current assets751 | - | - | - | €56 | €356 | ▲ 539% |
| Other financial income752/9 | - | - | - | €49,340 | €31,243 | ▼ 36.7% |
| Non-recurring financial income76B | - | €24,521 | - | - | - | - |
| Financial charges65/66B | - | €101,848 | €170,838 | €380,355 | €567,967 | ▲ 49.3% |
| Recurring financial charges65 | €104,758 | €101,848 | €169,938 | €379,545 | €563,965 | ▲ 48.6% |
| Debt charges650 | €88,085 | - | - | €129,111 | €310,265 | ▲ 140% |
| Other financial charges652/9 | - | - | - | €250,435 | €253,700 | ▲ 1.3% |
| Non-recurring financial charges66B | - | - | €900 | €810 | €4,002 | ▲ 394% |
| Profit (loss) for the period before taxes9903 | €269,864 | €220,924 | €48,463 | €24,440 | €358,395 | ▲ 1,366% |
| Income taxes67/77 | €12,771 | - | - | €7,776 | €119 | ▼ 98.5% |
| Taxes670/3 | - | - | - | €7,776 | €119 | ▼ 98.5% |
| Profit (loss) for the period9904 | €257,093 | €220,924 | €48,463 | €16,664 | €358,275 | ▲ 2,050% |
| Profit (loss) for the period to be appropriated9905 | €257,093 | €220,924 | €48,463 | €16,664 | €358,275 | ▲ 2,050% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.2m | €19.2m | €19.9m | €21.3m | €21.0m | ▼ 1.4% |
| Fixed assets21/28 | €15.8m | €16.1m | €16.1m | €16.2m | €16.0m | ▼ 1.4% |
| Intangible fixed assets21 | €37,626 | €18,787 | - | - | - | - |
| Tangible fixed assets22/27 | €1.4m | €1.7m | €1.8m | €1.9m | €1.7m | ▼ 11.8% |
| Land and buildings22 | - | €127,401 | €156,531 | €123,793 | €95,234 | ▼ 23.1% |
| Plant, machinery and equipment23 | - | €905,545 | €816,380 | €753,670 | €615,872 | ▼ 18.3% |
| Furniture and vehicles24 | - | €289,460 | €393,107 | €721,307 | €778,188 | ▲ 7.9% |
| Other tangible fixed assets26 | - | €410,203 | €393,643 | €311,413 | €196,404 | ▼ 36.9% |
| Financial fixed assets28 | €14.3m | €14.3m | €14.3m | €14.3m | €14.3m | = |
| Affiliated companies280/1 | - | - | - | €14.3m | €14.3m | = |
| Participating interests280 | - | - | - | €14.3m | €14.3m | = |
| Other financial fixed assets284/8 | - | - | - | €5,625 | €5,625 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €5,625 | €5,625 | = |
| Current assets29/58 | €3.5m | €3.1m | €3.8m | €5.1m | €5.0m | ▼ 1.6% |
| Stocks and contracts in progress3 | €2.2m | €1.7m | €2.2m | €2.5m | €2.3m | ▼ 6.8% |
| Stocks30/36 | - | €1.7m | €2.2m | €2.5m | €2.3m | ▼ 6.8% |
| Goods purchased for resale34 | - | - | - | €2.5m | €2.3m | ▼ 6.8% |
| Amounts receivable within one year40/41 | €999,409 | €1.4m | €1.4m | €2.5m | €2.6m | ▲ 6.0% |
| Trade receivables40 | - | €1.1m | €869,277 | €1.5m | €1.8m | ▲ 19.2% |
| Other amounts receivable41 | - | €213,922 | €516,054 | €986,848 | €851,165 | ▼ 13.7% |
| Cash at bank and in hand54/58 | €118,920 | €24,193 | €216,058 | €72,887 | €38,862 | ▼ 46.7% |
| Deferred charges and accrued income490/1 | - | €26,462 | €44,728 | €40,030 | €17,085 | ▼ 57.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.2m | €19.2m | €19.9m | €21.3m | €21.0m | ▼ 1.4% |
| Equity10/15 | €8.1m | €8.3m | €8.4m | €8.4m | €8.7m | ▲ 4.3% |
| Contributions10/11 | €7.0m | €7.0m | €7.0m | €7.0m | €7.0m | = |
| Capital10 | - | €7.0m | €7.0m | €7.0m | €7.0m | = |
| Issued capital100 | - | €7.0m | €7.0m | €7.0m | €7.0m | = |
| Reserves13 | €1.1m | €1.3m | €1.4m | €1.4m | €1.7m | ▲ 26.2% |
| Non-distributable reserves130/1 | - | €700,000 | €700,000 | €700,000 | €700,000 | = |
| Legal reserve130 | - | €700,000 | €700,000 | €700,000 | €700,000 | = |
| Distributable reserves133 | - | €603,872 | €652,335 | €669,000 | €1.0m | ▲ 53.6% |
| Amounts payable17/49 | €11.2m | €10.9m | €11.5m | €12.9m | €12.2m | ▼ 5.1% |
| Amounts payable after more than one year17 | €4.5m | €4.5m | €4.7m | €4.3m | €4.0m | ▼ 6.6% |
| Financial debts170/4 | - | €4.5m | €4.7m | €4.3m | €4.0m | ▼ 6.6% |
| Credit institutions173 | - | - | - | €2.6m | €2.3m | ▼ 11.1% |
| Other loans174 | - | - | - | €1.7m | €1.7m | = |
| Other amounts payable178/9 | - | - | - | - | €2,000 | - |
| Amounts payable within one year42/48 | €6.5m | €6.2m | €6.7m | €8.5m | €7.9m | ▼ 6.7% |
| Current portion of amounts payable after more than one year42 | - | - | €38,757 | €451,956 | €457,859 | ▲ 1.3% |
| Financial debts43 | - | €700,000 | €700,000 | €700,000 | €700,000 | = |
| Credit institutions430/8 | - | €700,000 | €700,000 | €700,000 | €700,000 | = |
| Trade debts44 | €2.4m | €737,482 | €1.3m | €1.5m | €2.0m | ▲ 37.0% |
| Suppliers440/4 | - | €737,482 | €1.3m | €1.5m | €2.0m | ▲ 37.0% |
| Taxes, remuneration and social security45 | - | €176,409 | €148,340 | €154,228 | €109,356 | ▼ 29.1% |
| Taxes450/3 | - | €59,754 | €66,402 | €105,415 | €17,761 | ▼ 83.2% |
| Remuneration and social security454/9 | - | €116,655 | €81,938 | €48,813 | €91,595 | ▲ 87.6% |
| Other amounts payable47/48 | - | €4.6m | €4.5m | €5.7m | €4.7m | ▼ 18.7% |
| Accrued charges and deferred income492/3 | - | €169,023 | €186,121 | €173,071 | €362,069 | ▲ 109% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €257,093 | €220,924 | €48,463 | €16,664 | €358,275 | ▲ 2,050% |
| + Depreciation and write-downs630 | €266,616 | €328,151 | €358,272 | €399,996 | €402,829 | ▲ 0.7% |
| Operating cash flow (approximation) | €523,709 | €549,074 | €406,736 | €416,660 | €761,105 | ▲ 82.7% |
| Investment in fixed assets (approximation) | - | -€600,530 | -€366,536 | -€550,517 | -€178,345 | ▲ 67.6% |
| Change in cash | - | -€94,727 | €191,865 | -€143,171 | -€34,024 | ▲ 76.2% |
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
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €358,275 ▲2,050%
Operating result €894,762, net result €358,275, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €257,093
Net result €257,093 after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
31-12
Financial
Weakest financial yearnet -€17,860
Net result drops to -€17,860, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Puurs-Sint-Amands · 3 establishment units since 2008
Ground area
1.8 ha
Building footprint
4,332 m²
Volume, LiDAR
28,250 m³
3 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
3 establishment units
International Building Materials Retails Organisation
since 20082.173.115.843
Lochtemanweg 51, 3550 Heusden-Zolder
since 20152.241.417.107
Kruishillestraat 22, 8210 Zedelgem
since 20152.241.417.305
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502C0640/00E000 | Flanders | 1.5 ha | 1 · 3,397 m² | 9.7 m · 2 fl. |
| 31040D0197/00E000 | Flanders | 2,847 m² | 1 · 623 m² | 7.6 m · 2 fl. |
| 12022B0330/00H000 | Flanders | 312 m² | 1 · 312 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
- Sourceown accounts 2024Equity €2.2mResult €221,88899.99%
According to the 2024 annual accounts of ARTSTONE 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 51,300 EUR awarded · 51,300 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 6,723 EUR | 6,723 EUR |
| 2024 | 2 | 13,947 EUR | 13,947 EUR |
| 2023 | 2 | 17,220 EUR | 17,220 EUR |
| 2022 | 2 | 13,410 EUR | 13,410 EUR |
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,399. 570 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
Founded05-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
46835Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806187784
Registered
08-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.