Artsy
ActiveSummary
Artsy has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €92k and a net result of €67k. Equity is growing by ~140.8% per year across the filed fiscal years. Its solvency ranks better than 40% of 4352 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+30
Solvency63▲+32
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.58 in 2023; short-term debt: 61.5% and cash: 0% of total assets), and 61.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
220 d late
2022
277 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€92k▲ 262%
2023 · €26k
2022: €21klowest in 3 years
2023: €26k▲ +23.9% vs 2022
2024: €92k▲ +262% vs 2023highest in 3 years
2022 → 2024
Total assets
€240k▼ 42.3%
2023 · €417k
2022: €331k
2023: €417k▲ +25.8% vs 2022highest in 3 years
2024: €240k▼ -42.3% vs 2023lowest in 3 years
2022 → 2024
Net result
€67k▲ 1,260%
2023 · €5k
2022: €589lowest in 3 years
2023: €5k▲ +734% vs 2022
2024: €67k▲ +1260% vs 2023highest in 3 years
2022 → 2024
Working capital
€-58k▲ 65.1%
2023 · €-165k
2022: €-209klowest in 3 years
2023: €-165k▲ +21.0% vs 2022
2024: €-58k▲ +65.1% vs 2023highest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€21k-€26k▲ 23.9%€92k▲ 262%
2022: €21klowest in 3 years
2023: €26k▲ +23.9% vs 2022
2024: €92k▲ +262% vs 2023highest in 3 years
Operating result€746-€7k▲ 775%€85k▲ 1,197%
2022: €746lowest in 3 years
2023: €7k▲ +775% vs 2022
2024: €85k▲ +1197% vs 2023highest in 3 years
Net result€589-€5k▲ 734%€67k▲ 1,260%
2022: €589lowest in 3 years
2023: €5k▲ +734% vs 2022
2024: €67k▲ +1260% vs 2023highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 1,197% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €240k
Fixed assets
€150k ▼ 21.2%
Current assets
€90k ▼ 60.1%
Equity and liabilities €240k
Equity
€92k ▲ 262%
Debt
€148k ▼ 62.2%
Debt's share of the balance-sheet total falls from 93.9% to 61.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€125k▲
2023 · €62k
Cash flow
€107k▲
2023 · €61k
Current ratio
0.61▲
2023 · 0.58
Debt to equity
1.60▼
2023 · 15.34
ROE
72.4%▲
2023 · 19.3%
ROA
27.8%▲
2023 · 1.2%
Interest coverage
416.26▼
2023 · 914.85
Debt ≤ 1 year
€148k▼
2023 · €391k
Income taxes
€17k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€417k€240k▼
Fixed assets21/28€190k€150k▼
Intangible fixed assets21€15k€11k▼
Tangible fixed assets22/27€175k€139k▼
Plant, machinery and equipment23€1k€827▼
Furniture and vehicles24€174k€138k▼
Current assets29/58€226k€90k▼
Amounts receivable within one year40/41€226k€90k▼
Trade receivables40€225k€90k▼
Other amounts receivable41€406€313▼
Cash at bank and in hand54/58€842€9▼
Equity and liabilities
Total equity and liabilities10/49€417k€240k▼
Equity10/15€26k€92k▲
Contributions10/11€20k€20k=
Reserves13€6k€72k▲
Distributable reserves133€6k€72k▲
Amounts payable17/49€391k€148k▼
Amounts payable within one year42/48€391k€148k▼
Trade debts44€11k€66k▲
Suppliers440/4€11k€66k▲
Taxes, remuneration and social security45€2k€21k▲
Taxes450/3€2k€21k▲
Other amounts payable47/48€379k€61k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€40k▼
Other operating charges640/8€809€5k▲
Gross operating margin9900€63k€130k▲
Operating profit (loss)9901€7k€85k▲
Financial income75/76B€24€0▼
Recurring financial income75€24€0▼
Financial charges65/66B€68€300▲
Recurring financial charges65€68€300▲
Profit (loss) for the period before taxes9903€6k€84k▲
Income taxes67/77€2k€17k▲
Profit (loss) for the period9904€5k€67k▲
Profit (loss) for the period to be appropriated9905€5k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€67k▲
Transfer to equity691/2€5k€67k▲
To other reserves6921€5k€67k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €269 | €56k | €40k | ▼ 27.6% |
| Other operating charges640/8 | €132 | €809 | €5k | ▲ 503% |
| Gross operating margin9900 | €1k | €63k | €130k | ▲ 106% |
| Operating profit (loss)9901 | €746 | €7k | €85k | ▲ 1,197% |
| Financial income75/76B | - | €24 | €0 | ▼ 100% |
| Recurring financial income75 | - | €24 | €0 | ▼ 100% |
| Financial charges65/66B | - | €68 | €300 | ▲ 342% |
| Recurring financial charges65 | - | €68 | €300 | ▲ 342% |
| Profit (loss) for the period before taxes9903 | €746 | €6k | €84k | ▲ 1,202% |
| Income taxes67/77 | €157 | €2k | €17k | ▲ 1,017% |
| Profit (loss) for the period9904 | €589 | €5k | €67k | ▲ 1,260% |
| Profit (loss) for the period to be appropriated9905 | €589 | €5k | €67k | ▲ 1,260% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €331k | €417k | €240k | ▼ 42.3% |
| Fixed assets21/28 | €229k | €190k | €150k | ▼ 21.2% |
| Intangible fixed assets21 | €5k | €15k | €11k | ▼ 24.3% |
| Tangible fixed assets22/27 | €225k | €175k | €139k | ▼ 20.9% |
| Plant, machinery and equipment23 | - | €1k | €827 | ▼ 38.8% |
| Furniture and vehicles24 | €225k | €174k | €138k | ▼ 20.8% |
| Current assets29/58 | €102k | €226k | €90k | ▼ 60.1% |
| Amounts receivable within one year40/41 | €92k | €226k | €90k | ▼ 60.0% |
| Trade receivables40 | €83k | €225k | €90k | ▼ 60.0% |
| Other amounts receivable41 | €9k | €406 | €313 | ▼ 22.8% |
| Cash at bank and in hand54/58 | €10k | €842 | €9 | ▼ 99.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €331k | €417k | €240k | ▼ 42.3% |
| Equity10/15 | €21k | €26k | €92k | ▲ 262% |
| Contributions10/11 | €20k | €20k | €20k | = |
| Reserves13 | €589 | €6k | €72k | ▲ 1,215% |
| Distributable reserves133 | €589 | €6k | €72k | ▲ 1,215% |
| Amounts payable17/49 | €311k | €391k | €148k | ▼ 62.2% |
| Amounts payable within one year42/48 | €311k | €391k | €148k | ▼ 62.2% |
| Trade debts44 | - | €11k | €66k | ▲ 513% |
| Suppliers440/4 | - | €11k | €66k | ▲ 513% |
| Taxes, remuneration and social security45 | €9k | €2k | €21k | ▲ 1,121% |
| Taxes450/3 | €9k | €2k | €21k | ▲ 1,121% |
| Other amounts payable47/48 | €302k | €379k | €61k | ▼ 84.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €589 | €5k | €67k | ▲ 1,260% |
| + Depreciation and write-downs630 | €269 | €56k | €40k | ▼ 27.6% |
| Operating cash flow (approximation) | €858 | €61k | €107k | ▲ 76.9% |
| Investment in fixed assets (approximation) | - | €-17k | €56 | ▲ 100% |
| Change in cash | - | €-9k | €-833 | ▲ 90.8% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 220 days late
2024
31-12
Financial
Highest result since 2022net €67k ▲1,260%
Operating result €85k, net result €67k, both a record.
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 277 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, Antwerpen · 1 establishment unit since 2022
Ground area
2,078 m²
Building footprint
239 m²
Volume, LiDAR
1,590 m³
Parcel 11364F0190/00T000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Marcel De Backerstraat 4, 2180 Antwerpen
since 20222.331.694.017
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11364F0190/00T000 | Flanders | 2,078 m² | 1 · 239 m² | 10.1 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 1,448 companies in sector 74130 we hold annual accounts for 341. 279 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
74130Interior design
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.