ARTTRANS
ActiveSummary
The computed 12-month bankruptcy probability of ARTTRANS is 14.8% (high). For ARTTRANS, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €141,260 and a net result of €168,398. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100▲+36
Solvency68▲+61
Growth78▲+46
Track record92
Bankruptcy probability, 12 months
14.8%
High
0%0.5%1.5%4%10%≥ 25%
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Signals
Nine signals. The signal on the left, the evidence on the right.
+raises risk
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
43.4%
Return on assets
51.7%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-09-2025, 407 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
407 d late
2022
463 d late
2021
32 d late
2020
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 230 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€168,398
2022 · -€5,072
Working capital
€124,621
2022 · -€56,613
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
Line2020202120222023
Operating result€5,892--€38,863-€8,055▲ 79.3%€170,445
Net result€5,771--€37,838-€5,072▲ 86.6%€168,398
Equity€15,771--€22,066-€27,138▼ 23.0%€141,260
Total assets€72,093-€86,852▲ 20.5%€147,611▲ 70.0%€325,583▲ 121%
Debt€56,321-€108,919▲ 93.4%€174,749▲ 60.4%€184,323▲ 5.5%
Working capital€9,271--€28,566-€56,613▼ 98.2%€124,621
Staff (FTE)2
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €170,445 after a loss of €8,055 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €325,583
Fixed assets
€55,348 ▲ 87.8%
Current assets
€270,235 ▲ 129%
Equity and liabilities €325,583
Equity
€141,260
Debt
€184,323
Debt finances 56.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€185,858▲
2022 · €3,432
Cash flow
€183,812▲
2022 · €6,415
Current ratio
1.86▲
2022 · 0.68
Debt to equity
1.30▲
2022 · -6.44
ROE
119.2%
ROA
51.7%▲
2022 · -3.4%
Interest coverage
83.38▲
2022 · 13.37
Debt ≤ 1 year
€145,614▼
2022 · €174,749
Debt > 1 year
€18,551
Income taxes
€1,917▲
2022 · €1,911
Staff costs
€17,992▲
2022 · €14,592
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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €10,007 | €14,592 | €17,992 | ▲ 23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €11,487 | €15,413 | ▲ 34.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €257 | €3,117 | €747 | ▼ 76.0% |
| Other operating charges640/8 | - | €4,299 | €7,107 | €4,789 | ▼ 32.6% |
| Gross operating margin9900 | €28,990 | -€24,300 | €28,248 | €209,386 | ▲ 641% |
| Operating profit (loss)9901 | €5,892 | -€38,863 | -€8,055 | €170,445 | ▲ 2,216% |
| Financial income75/76B | - | €1,500 | €5,151 | €2,100 | ▼ 59.2% |
| Recurring financial income75 | €2 | €1,500 | €5,151 | €2,100 | ▼ 59.2% |
| Financial charges65/66B | - | €475 | €257 | €2,229 | ▲ 768% |
| Recurring financial charges65 | €123 | €475 | €257 | €2,229 | ▲ 768% |
| Profit (loss) for the period before taxes9903 | €5,771 | -€37,838 | -€3,161 | €170,316 | ▲ 5,488% |
| Income taxes67/77 | - | - | €1,911 | €1,917 | ▲ 0.3% |
| Profit (loss) for the period9904 | €5,771 | -€37,838 | -€5,072 | €168,398 | ▲ 3,420% |
| Profit (loss) for the period to be appropriated9905 | €5,771 | -€37,838 | -€5,072 | €168,398 | ▲ 3,420% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €72,093 | €86,852 | €147,611 | €325,583 | ▲ 121% |
| Fixed assets21/28 | €6,500 | €6,500 | €29,474 | €55,348 | ▲ 87.8% |
| Tangible fixed assets22/27 | - | - | €22,974 | €48,848 | ▲ 113% |
| Plant, machinery and equipment23 | - | - | - | €1,970 | - |
| Furniture and vehicles24 | - | - | €22,974 | €46,878 | ▲ 104% |
| Financial fixed assets28 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Current assets29/58 | €65,593 | €80,352 | €118,137 | €270,235 | ▲ 129% |
| Amounts receivable within one year40/41 | €63,410 | €69,617 | €104,764 | €112,942 | ▲ 7.8% |
| Trade receivables40 | - | €63,316 | €101,386 | €68,403 | ▼ 32.5% |
| Other amounts receivable41 | - | €6,301 | €3,377 | €44,539 | ▲ 1,219% |
| Cash at bank and in hand54/58 | €2,182 | €10,736 | €13,373 | €155,095 | ▲ 1,060% |
| Deferred charges and accrued income490/1 | - | - | - | €2,198 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €72,093 | €86,852 | €147,611 | €325,583 | ▲ 121% |
| Equity10/15 | €15,771 | -€22,066 | -€27,138 | €141,260 | ▲ 621% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €289 | €289 | €289 | €289 | = |
| Non-distributable reserves130/1 | - | €289 | €289 | €289 | = |
| Other1319 | - | €289 | €289 | €289 | = |
| Profit (loss) carried forward14 | €5,483 | -€32,355 | -€37,427 | €130,972 | ▲ 450% |
| Amounts payable17/49 | €56,321 | €108,919 | €174,749 | €184,323 | ▲ 5.5% |
| Amounts payable after more than one year17 | - | - | - | €18,551 | - |
| Financial debts170/4 | - | - | - | €18,551 | - |
| Amounts payable within one year42/48 | €56,321 | €108,919 | €174,749 | €145,614 | ▼ 16.7% |
| Financial debts43 | - | - | - | €5,456 | - |
| Credit institutions430/8 | - | - | - | €5,456 | - |
| Trade debts44 | €15,589 | €85,489 | €157,749 | €107,841 | ▼ 31.6% |
| Suppliers440/4 | - | €85,489 | €157,749 | €107,841 | ▼ 31.6% |
| Taxes, remuneration and social security45 | - | €6,894 | €17,000 | €32,317 | ▲ 90.1% |
| Taxes450/3 | - | €6,637 | €17,000 | €28,786 | ▲ 69.3% |
| Remuneration and social security454/9 | - | €257 | - | €3,531 | - |
| Other amounts payable47/48 | - | €16,535 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €20,158 | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,771 | -€37,838 | -€5,072 | €168,398 | ▲ 3,420% |
| + Depreciation and write-downs630 | - | - | €11,487 | €15,413 | ▲ 34.2% |
| Operating cash flow (approximation) | €5,771 | -€37,838 | €6,415 | €183,812 | ▲ 2,765% |
| Investment in fixed assets (approximation) | - | €0 | -€34,461 | -€41,287 | ▼ 19.8% |
| Change in cash | - | €8,554 | €2,637 | €141,721 | ▲ 5,274% |
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
2026
19-01
KBO administration
Address struck
event 16-11-2025
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 407 days late
2024
05-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 463 days late
2023
31-12
Financial
Back to profitnet €168,398
Net result €168,398 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.86
Current ratio from 0.68 to 1.86; short-term debt falls from €174,749 to €145,614.
31-12
Financial
Equity above €100,000Eq €141,260
Equity rises from -€27,138 to €141,260.
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 32 days late
2021
31-12
Financial
Weakest financial yearnet -€37,838
Net result drops to -€37,838, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ukkel · 1 establishment unit since 2019
Ground area
342 m²
Building footprint
99 m²
Volume, LiDAR
743 m³
Parcel 21616G0030/00T016, Brussels · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
446
companies at this address
See who is registered here
1 establishment unit
ARTTRANS
since 20192.298.491.511
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
Identification & contact
Identification
Legal formPrivate limited company
Founded13-11-2019
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0737645309
Also
9925:BE0737645309
Registered
20-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.