ARTWI
ActiveSummary
ARTWI has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€56,155) and a net result of -€2,853. Equity is shrinking by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 6% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
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Signals
This company filed its last 6 accounts on average 185 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
A further 2.2% 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 497,662 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% | 1.7% |
| 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 75% 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 2,799 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,254 | - | €7,850 | - | - |
| Other operating charges640/8 | - | - | - | €137 | €225 | ▲ 64.8% |
| Gross operating margin9900 | -€20,895 | -€3,053 | €2,484 | €2,697 | -€1,872 | ▼ 169% |
| Operating profit (loss)9901 | -€20,895 | -€6,307 | €2,484 | -€5,290 | -€2,097 | ▲ 60.4% |
| Financial charges65/66B | - | €1,270 | €3,330 | €2,304 | €756 | ▼ 67.2% |
| Recurring financial charges65 | €45 | €1,270 | €3,330 | €2,304 | €756 | ▼ 67.2% |
| Profit (loss) for the period before taxes9903 | -€20,940 | -€7,577 | -€846 | -€7,594 | -€2,853 | ▲ 62.4% |
| Profit (loss) for the period9904 | -€20,940 | -€7,577 | -€846 | -€7,594 | -€2,853 | ▲ 62.4% |
| Profit (loss) for the period to be appropriated9905 | -€20,940 | -€7,577 | -€846 | -€7,594 | -€2,853 | ▲ 62.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,204 | €202,949 | €193,081 | €184,326 | €185,717 | ▲ 0.8% |
| Formation expenses20 | - | - | - | €7,767 | €7,767 | = |
| Fixed assets21/28 | €352 | €192,751 | €192,751 | €175,674 | €175,674 | = |
| Tangible fixed assets22/27 | €352 | €192,751 | €192,751 | €175,674 | €175,674 | = |
| Land and buildings22 | - | €137,400 | €137,400 | €127,000 | €127,000 | = |
| Plant, machinery and equipment23 | - | €55,351 | €55,351 | €48,674 | €48,674 | = |
| Current assets29/58 | €852 | €10,198 | €330 | €886 | €2,277 | ▲ 157% |
| Amounts receivable within one year40/41 | - | €1,858 | - | - | - | - |
| Trade receivables40 | - | €1,858 | - | - | - | - |
| Cash at bank and in hand54/58 | €852 | €8,340 | €330 | €886 | €2,277 | ▲ 157% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,204 | €202,949 | €193,081 | €184,326 | €185,717 | ▲ 0.8% |
| Equity10/15 | -€37,285 | -€44,862 | -€45,708 | -€53,301 | -€56,155 | ▼ 5.4% |
| Contributions10/11 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Reserves13 | €11,163 | €11,163 | €11,163 | €11,163 | €11,163 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €11,163 | €1,860 | ▼ 83.3% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Own shares acquired1312 | - | - | - | €9,303 | - | - |
| Distributable reserves133 | - | €9,303 | €9,303 | - | €9,303 | - |
| Profit (loss) carried forward14 | -€60,448 | -€68,025 | -€68,871 | -€76,465 | -€79,318 | ▼ 3.7% |
| Amounts payable17/49 | €38,489 | €247,811 | €238,788 | €237,628 | €241,872 | ▲ 1.8% |
| Amounts payable after more than one year17 | - | €155,282 | €135,665 | €90,942 | €89,333 | ▼ 1.8% |
| Financial debts170/4 | - | €155,282 | €135,665 | €90,942 | €89,333 | ▼ 1.8% |
| Amounts payable within one year42/48 | €38,489 | €92,529 | €103,123 | €146,686 | €152,539 | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22,024 | - | - |
| Trade debts44 | - | €10,552 | €1,372 | €1,095 | €495 | ▼ 54.8% |
| Suppliers440/4 | - | €10,552 | €1,372 | €1,095 | €495 | ▼ 54.8% |
| Taxes, remuneration and social security45 | - | - | - | €1,323 | €2,323 | ▲ 75.6% |
| Taxes450/3 | - | - | - | €1,323 | €2,323 | ▲ 75.6% |
| Other amounts payable47/48 | - | €81,977 | €101,751 | €122,244 | €149,721 | ▲ 22.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,940 | -€7,577 | -€846 | -€7,594 | -€2,853 | ▲ 62.4% |
| + Depreciation and write-downs630 | - | €3,254 | - | €7,850 | - | - |
| Operating cash flow (approximation) | -€20,940 | -€4,323 | -€846 | €256 | -€2,853 | ▼ 1,214% |
| Investment in fixed assets (approximation) | - | -€195,653 | €0 | €9,227 | €0 | ▼ 100% |
| Change in cash | - | €7,488 | -€8,011 | €556 | €1,391 | ▲ 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
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.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71038D0133/00G003 | Flanders | 494 m² | 1 · 97 m² | 9.5 m · 2 fl. |
| 24422D0019/00C000 | Flanders | 246 m² | 1 · 119 m² | 18.7 m · 4 fl. |
Linked by address, not proof of ownership
Similar companies · same sector and region
Identification & contact
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.