Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of ARTSTONE is 0.6% (low). The 2024 annual accounts show equity of €8.73M and a net result of €358k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 60% of 548 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
1 signal · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
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. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 19-05-2025 | 73 d early | 2025-00097531 |
| 31-12-2023 | 31-07-2024 | 11-06-2024 | 50 d early | 2024-00120512 |
| 31-12-2022 | 31-07-2023 | 29-06-2023 | 32 d early | 2023-00172230 |
| 31-12-2021 | 31-07-2022 | 20-06-2022 | 41 d early | 2022-20073166 |
| 31-12-2020 | 31-07-2021 | 31-08-2021 | 31 d late | 2021-65900458 |
| 31-12-2019 | 31-07-2020 | 08-10-2020 | 69 d late | 2020-60300514 |
| 31-12-2018 | 31-07-2019 | 27-08-2019 | 27 d late | 2019-58500025 |
| 31-12-2017 | 31-07-2018 | 05-07-2018 | 26 d early | 2018-31600273 |
| 31-12-2016 | 31-07-2017 | 28-09-2017 | 59 d late | 2017-65300264 |
| 31-12-2015 | 31-07-2016 | 31-08-2016 | 31 d late | 2016-57900325 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsEstablished
Founded in 2008, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.6%
Low
0%0,5%1,5%4%10%≥25%
Multiple establishment units
+Long track record
−Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€9.31M-0.3%
EBIT margin9.6%+5.8pp
Net result€358k+2049.9%
Working capital€-2.92M+14.4%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 19-05-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 7 fiscal years (±1.7%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 41.6% | 31.0% | |
| Net result | €358k | €47k | |
| Equity | €8.73M | €469k | |
| Staff costs | €760k | €494k | |
| Employees (FTE) | 15.6 | 7.5 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P60
Stable position over 2020-2024
· n=357-586
P75
Weakening position over 2020-2024
· n=357-585
P87
Stable position over 2020-2024
· n=357-586
P59
Stable position over 2021-2024
· n=288-441
Describes the position versus peers, not a forecast.
€9.31M
-0.3%
18-24
€1.30M
+71.8%
18-24
€358k
+2049.9%
18-24
€761k
+82.7%
18-24
€20.98M
-1.4%
18-24
€8.73M
+4.3%
18-24
€-2.92M
+14.4%
18-24
16
-2.5%
18-24
€760k
-0.4%
18-24
€119
-98.5%
18-24
€12.25M
-5.1%
18-24
€7.91M
-6.7%
18-24
€3.98M
-6.6%
18-24
0.63
+5.5%
18-24
0.34
+11.0%
18-24
41.6%
+5.8%
18-24
1.40
-9.0%
18-24
4.1%
+1961.7%
18-24
1.7%
+2081.1%
18-24
3.8%
+2056.4%
18-24
13.9%
+72.3%
18-24
4.18
-28.5%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €9.31M |
| EBITDA | €1.30M |
| Net profit | €358k |
| Cash flow | €761k |
| Staff costs | €760k |
| Income taxes | €119 |
| Dividends | - |
| Total assets | €20.98M |
| Equity | €8.73M |
| Debt | €12.25M |
| of which ≤ 1y | €7.91M |
| of which > 1y | €3.98M |
| Working capital | €-2.92M |
| Employees (FTE) | 15.6 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.63 |
| Quick ratio | 0.34 |
| Working capital ratio | -13.9% |
| Solvency | 41.6% |
| Debt / equity | 1.40 |
| Long-term debt ratio | 0.46 |
| Interest coverage | 4.18 |
| Gross margin | 39.7% |
| Net margin | 3.8% |
| ROA | 1.7% |
| ROE | 4.1% |
| EBITDA margin | 13.9% |
| Days sales outstanding | 69d |
| Days payable outstanding | 130d |
| Inventory turnover | 2.41 |
| Days inventory (DSI) | 151d |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €20.98M |
| Fixed assets | 21/28 | €15.99M |
| Tangible fixed assets | 22/27 | €1.69M |
| Financial fixed assets | 28 | €14.30M |
| Current assets | 29/58 | €4.99M |
| Stocks & contracts in progress | 3 | €2.33M |
| Amounts receivable within one year | 40/41 | €2.60M |
| Cash & bank | 54/58 | €39k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €20.98M |
| Equity | 10/15 | €8.73M |
| Contributions / capital | 10/11 | €7.00M |
| Reserves | 13 | €1.73M |
| Amounts payable | 17/49 | €12.25M |
| Amounts payable after one year | 17 | €3.98M |
| Amounts payable within one year | 42/48 | €7.91M |
| Trade debts payable within one year | 44 | €1.99M |
| Income statement | ||
| Turnover | 70 | €9.31M |
| Operating result | 9901 | €895k |
| Financial income | 75 | €32k |
| Financial charges | 65 | €564k |
| Result before taxes | 9903 | €358k |
| Income taxes | 67/77 | €119 |
| Net result for the period | 9904 | €358k |
| Result to be appropriated | 9905 | €358k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed65
/ 100
Healthy
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
9 directorsCurrent directors & mandates
-
Robert VerbruggenManaging directorState Gazette act 20141718 (30-11-2020)Current30-11-2020 → present
4 events
- 30-11-2020 Resigned· Director
- 30-11-2020 Appointed· Managing director
- 27-11-2014 Appointed· Director
- 28-04-2011 Resigned· Managing director
-
Ann De SchutterDirectorState Gazette act 20141718 (30-11-2020)Current27-11-2014 → present
2 events
- 30-11-2020 Appointed· Director
- 27-11-2014 Appointed· Director
Historic, not recently confirmed (2)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
SCC-design BVBALegal entityManaging directorState Gazette act 14214159 (27-11-2014)Not recently confirmedlast confirmed in an act from 2014
-
Raf MoonsWettelijk vertegenwoordigerState Gazette act 11064861 (28-04-2011)Not recently confirmedlast confirmed in an act from 2011
2 events
- 28-04-2011 Appointed· Wettelijk vertegenwoordiger
- 28-04-2011 Resigned· A bestuurder
Former directors (5)
-
Retail Partner BVBALegal entityDirectorState Gazette act 16164256 (30-11-2016)Former- → 30-11-2016
-
Level Next BVBALegal entityDirectorState Gazette act 15175925 (17-12-2015)Former- → 17-12-2015
-
Annegreet De SmedtA bestuurderState Gazette act 11064862 (28-04-2011)Former- → 28-04-2011
-
Pieter HimpeA bestuurderState Gazette act 11064862 (28-04-2011)Former- → 28-04-2011
-
Thierry FrançoisWettelijk vertegenwoordigerState Gazette act 11064861 (28-04-2011)Former- → 28-04-2011
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Statutory auditor
2 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Marc Schoofs & C° Statutory auditor succeeded by Marc Schoofs & C° Burgerlijke BVBA in 2018 |
- | 17-12-2015 → 22-08-2018 |
| Marc Schoofs & C° Burgerlijke BVBA Statutory auditor |
- | 22-08-2018 → 22-08-2018 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Groothandel in bouwmaterialen, algemeen assortiment(46831) |
| Legal form | Public limited company(014) |
| Incorporation | 05-09-2008 |
| Status | Active |
| Postal code | 2870 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dendermondsesteenweg 1502870 Puurs-Sint-AmandsEstablishment units
3 locationsInternational 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
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area1.8 ha
Buildings3
Building footprint4,332 m²
Volume (LiDAR)28,250 m³
Tallest building10.9 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
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. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
10 acts All acts · 10
updated 5 years ago
2020
30-11-2020 2 directors appointed, 1 resigning
- Robert Verbruggen, Gedelegeerd bestuurder
- Ann De Schutter, Bestuurder
- Robert Verbruggen, Bestuurder
Summary:
v3.2
2018
28-08-2018 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
completedNotary:
Daan Dierickx · Antwerpen-Berchem
22-08-2018 Marc Schoofs & C° Burgerlijke BVBA appointed as statutory auditor
10-07-2018 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
proposalNotary:
Gérard Indekeu · Brussel
2016
30-11-2016 Retail Partner BVBA resigns as director
2015
17-12-2015 1 director appointed, 1 resigning
2014
27-11-2014 3 directors appointed
- Robert Verbruggen, Bestuurder
- Ann De Schutter, Bestuurder
- SCC-design BVBA, Gedelegeerd bestuurder
Summary:
v3.2
2011
28-04-2011 1 director appointed, 1 resigning
- Raf Moons, Wettelijk vertegenwoordiger
- Thierry François, Wettelijk vertegenwoordiger
Summary:
v3.2
28-04-2011 4 resigning
- Pieter Himpe, A bestuurder
- Raf Moons, A bestuurder
- Annegreet De Smedt, A bestuurder
- Robert Verbruggen, Gedelegeerd bestuurder
Summary:
v3.2
2008
03-11-2008 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Jan VAN DER LINDEN · Mechelen
Analysis
Snowflake analysis
financial profile on 5 axes67
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
65
Profitability
45
Solvency
55
Growth
69
Stability
100
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorBE 0463.091.064 · Zwevegem
BE 0451.591.418 · Gent
BE 0455.503.783 · Niel
BE 0418.363.572 · Nivelles
BE 0401.185.664 · Saint-Ghislain
We hold annual accounts for 182 of the 1,797 companies in this sector. 48 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Groothandel in bouwmaterialen, algemeen assortiment46731Groothandel in vloer- en wandtegels46735Groothandel in bouwmaterialen, algemeen assortiment46831Groothandel in vloer- en wandtegels46835
Primary activity highlighted.
Names & trade names
| Legal nameNL | ARTSTONE |
Registered office
Dendermondsesteenweg 150
2870 Puurs-Sint-Amands, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.