ARTWHERE
ActiveSummary
ARTWHERE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€263,036) and a net result of €11,110. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 2715 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+62
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.12 in 2024; short-term debt: 492.9% and cash: 0.1% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
-392.9%
Return on assets
16.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2715 sector peers (2025).
NBB · sector comparisonPosition among 2715 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 10 filingsDeviation from the deadline
2025
12 d late
2024
18 d late
2023
12 d early
2022
29 d late
2021
22 d late
2020
12 d late
2019
38 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 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 oldest company in Chastre, Telecoms and IT sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11,110
2024 · -€43,869
Working capital
-€263,433▲ 9.3%
2024 · -€290,424
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
Operating result€21,340▼ 49.5%-€2,618-€29,347▼ 1,021%-€20,092▲ 31.5%€27,043
Net result€9,642▼ 64.0%-€18,008-€44,309▼ 146%-€43,869▲ 1.0%€11,110
Equity-€167,960▲ 5.4%-€185,969▼ 10.7%-€230,277▼ 23.8%-€274,146▼ 19.1%-€263,036▲ 4.1%
Total assets€205,891▲ 16.2%€149,134▼ 27.6%€96,819▼ 35.1%€57,484▼ 40.6%€66,955▲ 16.5%
Debt€373,851▲ 5.4%€335,103▼ 10.4%€327,096▼ 2.4%€331,630▲ 1.4%€329,991▼ 0.5%
Working capital-€267,117▼ 14.6%-€254,117▲ 4.9%-€267,634▼ 5.3%-€290,424▼ 8.5%-€263,433▲ 9.3%
Staff (FTE)4.3▼ 14.0%4.1▼ 4.7%3.6▼ 12.2%2.7▼ 25.0%2▼ 25.9%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €27,043 after a loss of €20,092 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66,955
Fixed assets
€397 ▼ 97.6%
Current assets
€66,558 ▲ 61.5%
Key figures and ratios
EBITDA
€42,782▲
2024 · €987
Cash flow
€26,849▲
2024 · -€22,790
Solvency
-392.9%▲
2024 · -476.9%
Current ratio
0.20▲
2024 · 0.12
Debt to equity
-1.25▼
2024 · -1.21
ROA
16.6%▲
2024 · -76.3%
Interest coverage
2.71▲
2024 · 0.04
Debt ≤ 1 year
€329,991▼
2024 · €331,630
Income taxes
€174
Staff costs
€142,085▼
2024 · €179,410
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 3,799 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €207,268 | €198,186 | €211,527 | €179,410 | €142,085 | ▼ 20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,017 | €51,982 | €43,327 | €21,079 | €15,739 | ▼ 25.3% |
| Other operating charges640/8 | €684 | €802 | €1,205 | €987 | €2,474 | ▲ 151% |
| Gross operating margin9900 | €266,308 | €248,351 | €226,712 | €181,383 | €187,341 | ▲ 3.3% |
| Operating profit (loss)9901 | €21,340 | -€2,618 | -€29,347 | -€20,092 | €27,043 | ▲ 235% |
| Financial income75/76B | €1 | €30 | €0 | €84 | €0 | ▼ 99.9% |
| Recurring financial income75 | €1 | €30 | €0 | €84 | €0 | ▼ 99.9% |
| Financial charges65/66B | €11,553 | €15,273 | €14,812 | €23,861 | €15,759 | ▼ 34.0% |
| Recurring financial charges65 | €11,553 | €15,273 | €14,812 | €23,861 | €15,759 | ▼ 34.0% |
| Profit (loss) for the period before taxes9903 | €9,787 | -€17,861 | -€44,159 | -€43,869 | €11,284 | ▲ 126% |
| Income taxes67/77 | €145 | €147 | €149 | - | €174 | - |
| Profit (loss) for the period9904 | €9,642 | -€18,008 | -€44,309 | -€43,869 | €11,110 | ▲ 125% |
| Profit (loss) for the period to be appropriated9905 | €9,642 | -€18,008 | -€44,309 | -€43,869 | €11,110 | ▲ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €205,891 | €149,134 | €96,819 | €57,484 | €66,955 | ▲ 16.5% |
| Fixed assets21/28 | €132,717 | €80,735 | €37,356 | €16,278 | €397 | ▼ 97.6% |
| Intangible fixed assets21 | €90,174 | €49,367 | €17,178 | €6,814 | - | - |
| Tangible fixed assets22/27 | €41,952 | €30,777 | €19,640 | €8,924 | - | - |
| Furniture and vehicles24 | €41,952 | €30,777 | €19,640 | €8,924 | - | - |
| Other tangible fixed assets26 | €0 | €0 | €0 | - | - | - |
| Financial fixed assets28 | €591 | €591 | €539 | €539 | €397 | ▼ 26.3% |
| Current assets29/58 | €73,174 | €68,399 | €59,463 | €41,206 | €66,558 | ▲ 61.5% |
| Amounts receivable within one year40/41 | €52,820 | €65,260 | €59,388 | €41,192 | €66,513 | ▲ 61.5% |
| Trade receivables40 | €44,820 | €57,260 | €59,388 | €41,192 | €65,017 | ▲ 57.8% |
| Other amounts receivable41 | €8,000 | €8,000 | €0 | - | €1,496 | - |
| Cash at bank and in hand54/58 | €17,254 | €3,139 | €75 | €14 | €44 | ▲ 225% |
| Deferred charges and accrued income490/1 | €3,100 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €205,891 | €149,134 | €96,819 | €57,484 | €66,955 | ▲ 16.5% |
| Equity10/15 | -€167,960 | -€185,969 | -€230,277 | -€274,146 | -€263,036 | ▲ 4.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | - | - |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | - | - |
| Outside capital11 | - | - | - | - | €62,000 | - |
| Other1109/19 | - | - | - | - | €62,000 | - |
| Profit (loss) carried forward14 | -€229,960 | -€247,969 | -€292,277 | -€336,146 | -€325,036 | ▲ 3.3% |
| Amounts payable17/49 | €373,851 | €335,103 | €327,096 | €331,630 | €329,991 | ▼ 0.5% |
| Amounts payable after more than one year17 | €33,561 | €12,586 | €0 | - | - | - |
| Financial debts170/4 | €33,561 | €12,586 | €0 | - | - | - |
| Amounts payable within one year42/48 | €340,291 | €322,517 | €327,096 | €331,630 | €329,991 | ▼ 0.5% |
| Current portion of amounts payable after more than one year42 | €42,122 | €51,633 | €50,463 | €7,386 | €29,037 | ▲ 293% |
| Financial debts43 | €93,000 | €101,442 | €114,011 | €139,892 | €130,555 | ▼ 6.7% |
| Credit institutions430/8 | €93,000 | €101,442 | €114,011 | €139,892 | €130,555 | ▼ 6.7% |
| Trade debts44 | €58,342 | €104,553 | €75,856 | €71,451 | €48,744 | ▼ 31.8% |
| Suppliers440/4 | €58,342 | €104,553 | €75,856 | €71,451 | €48,744 | ▼ 31.8% |
| Taxes, remuneration and social security45 | €67,571 | €46,588 | €69,099 | €84,772 | €88,145 | ▲ 4.0% |
| Taxes450/3 | €16,771 | €22,172 | €45,472 | €70,229 | €64,098 | ▼ 8.7% |
| Remuneration and social security454/9 | €50,800 | €24,416 | €23,627 | €14,543 | €24,047 | ▲ 65.4% |
| Other amounts payable47/48 | €79,256 | €18,302 | €17,668 | €28,129 | €33,510 | ▲ 19.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,642 | -€18,008 | -€44,309 | -€43,869 | €11,110 | ▲ 125% |
| + Depreciation and write-downs630 | €37,017 | €51,982 | €43,327 | €21,079 | €15,739 | ▼ 25.3% |
| Operating cash flow (approximation) | €46,659 | €33,974 | -€982 | -€22,790 | €26,849 | ▲ 218% |
| Investment in fixed assets (approximation) | - | €0 | €52 | €0 | €142 | - |
| Change in cash | - | -€14,115 | -€3,065 | -€61 | €31 | ▲ 150% |
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
2026
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 12 days late
2025
31-12
Financial
Back to profitnet €11,110
Net result €11,110 after 3 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€44,309
Net result drops to -€44,309, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Chastre · 1 establishment unit since 2002
Ground area
2,487 m²
Building footprint
69 m²
Volume, LiDAR
714 m³
Parcel 25017C0079/00M000, Wallonia · tallest building 12.0 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ARTWHERE SA
since 20022.114.101.637
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25017C0079/00M000 | Wallonia | 2,487 m² | 1 · 69 m² | 12.0 m · 4 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477937410
Also
9925:BE0477937410
Registered
02-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
3 convocationsOrdinary general meeting
1. Rapport du conseil d’administration; 2. Approbation des comptes annuels; 3. Affectation du résultat; 4. Décharge aux administrateurs; 5. Divers.
Ordinary general meeting
Agenda
1. Rapport du Conseil d’Administration. 2. Approbation des comptes annuels. 3. Affectation du résultat. 4. Décharge aux administrateurs. 5. Renouvellement des mandats. 6. Poursuite des activités. 7. Divers.
Ordinary general meeting
1. Rapport du conseil d’administration. 2. Approbation des comptes annuels. 3. Affectation du résultat. 4. Décharge aux administrateurs. 5. Divers.