ARTX DEVELOPMENT
ActiveSummary
ARTX DEVELOPMENT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €19k. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+29
Solvency59▼-34
Growth47=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 2.46 in 2024; short-term debt: 65.8% and cash: 71.2% of total assets), and 65.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.2%
Return on assets
27.9%
Age of the figures
12 mo
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
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-05-2026, 22 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
22 d late
2024
28 d late
2023
27 d early
2022
22 d late
2021
17 d late
2020
25 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€96k▲ 2.9%
2019 · €94k
2018: €94k
2019: €94k▼ -0.8% vs 2018lowest in 3 years
2020: €96k▲ +2.9% vs 2019highest in 3 years
2018 → 2020
EBIT margin
16.9%▲ 8.6pp
2019 · 8.3%
2018: 21.8%highest in 3 years
2019: 8.3%▼ -62.0% vs 2018lowest in 3 years
2020: 16.9%▲ +104% vs 2019
2018 → 2020
Net result
€19k▲ 3,152%
2024 · €577
2018: €20khighest in 8 years
2019: €6k▼ -69.1% vs 2018
2020: €12k▲ +93.1% vs 2019
2021: €4k▼ -61.7% vs 2020
2022: €4k▼ -3.0% vs 2021
2023: €253▼ -94.2% vs 2022lowest in 8 years
2024: €577▲ +128% vs 2023
2025: €19k▲ +3152% vs 2024
2018 → 2025
Working capital
€19k▲ 16.0%
2024 · €16k
2018: €-17klowest in 8 years
2019: €-7k▲ +58.2% vs 2018
2020: €9k▲ +232% vs 2019
2021: €20k▲ +110% vs 2020
2022: €22k▲ +12.7% vs 2021highest in 8 years
2023: €20k▼ -12.0% vs 2022
2024: €16k▼ -17.0% vs 2023
2025: €19k▲ +16.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€22k▲ 24.4%€22k▲ 1.1%€23k▲ 2.6%€23k=
2021: €18klowest in 5 years
2022: €22k▲ +24.4% vs 2021
2023: €22k▲ +1.1% vs 2022
2024: €23k▲ +2.6% vs 2023highest in 5 years
2025: €23k● 0.0% vs 2024highest in 5 years
Operating result€7k-€6k▼ 6.5%€1k▼ 77.7%€2k▲ 61.9%€25k▲ 972%
2021: €7k
2022: €6k▼ -6.5% vs 2021
2023: €1k▼ -77.7% vs 2022lowest in 5 years
2024: €2k▲ +61.9% vs 2023
2025: €25k▲ +972% vs 2024highest in 5 years
Net result€4k-€4k▼ 3.0%€253▼ 94.2%€577▲ 128%€19k▲ 3,152%
2021: €4k
2022: €4k▼ -3.0% vs 2021
2023: €253▼ -94.2% vs 2022lowest in 5 years
2024: €577▲ +128% vs 2023
2025: €19k▲ +3152% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 972% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€4k ▼ 38.1%
Current assets
€63k ▲ 131%
Equity and liabilities €67k
Equity
€23k =
Debt
€44k ▲ 300%
Debt's share of the balance-sheet total rises from 32.5% to 65.8%. Debt is higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €5k
Cash flow
€21k▲
2024 · €3k
Current ratio
1.43▼
2024 · 2.46
Debt to equity
1.92▲
2024 · 0.48
ROE
81.5%▲
2024 · 2.5%
ROA
27.9%▲
2024 · 1.7%
Interest coverage
131.33▲
2024 · 11.35
Debt ≤ 1 year
€44k▲
2024 · €11k
Income taxes
€6k▲
2024 · €1k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€34k€67k▲
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€7k€4k▼
Furniture and vehicles24€7k€4k▼
Current assets29/58€27k€63k▲
Amounts receivable within one year40/41€18k€15k▼
Trade receivables40€18k€14k▼
Other amounts receivable41€315€551▲
Cash at bank and in hand54/58€9k€48k▲
Deferred charges and accrued income490/1-€613
Equity and liabilities
Total equity and liabilities10/49€34k€67k▲
Equity10/15€23k€23k=
Contributions10/11€6k€6k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€16k€16k=
Amounts payable17/49€11k€44k▲
Amounts payable within one year42/48€11k€44k▲
Trade debts44€6k€9k▲
Suppliers440/4€6k€9k▲
Taxes, remuneration and social security45€2k€16k▲
Taxes450/3€2k€9k▲
Remuneration and social security454/9-€8k
Other amounts payable47/48€3k€19k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€3k▲
Other operating charges640/8€1k€849▼
Gross operating margin9900€8k€31k▲
Operating profit (loss)9901€2k€25k▲
Financial charges65/66B€435€211▼
Recurring financial charges65€435€211▼
Profit (loss) for the period before taxes9903€2k€25k▲
Income taxes67/77€1k€6k▲
Profit (loss) for the period9904€577€19k▲
Profit (loss) for the period to be appropriated9905€577€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€35k▲
Profit (loss) brought forward from the previous period14P€15k€16k▲
Profit to be distributed694/7-€19k
Return on contributions (dividend)694-€19k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | - | - | €3k | €3k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2k | €3k | ▲ 74.9% |
| Other operating charges640/8 | €1k | €725 | €1k | €1k | €849 | ▼ 42.8% |
| Gross operating margin9900 | €12k | €7k | €3k | €8k | €31k | ▲ 294% |
| Operating profit (loss)9901 | €7k | €6k | €1k | €2k | €25k | ▲ 972% |
| Financial charges65/66B | €155 | €218 | €220 | €435 | €211 | ▼ 51.5% |
| Recurring financial charges65 | €155 | €218 | €220 | €435 | €211 | ▼ 51.5% |
| Profit (loss) for the period before taxes9903 | €7k | €6k | €1k | €2k | €25k | ▲ 1,206% |
| Income taxes67/77 | €2k | €2k | €974 | €1k | €6k | ▲ 362% |
| Profit (loss) for the period9904 | €4k | €4k | €253 | €577 | €19k | ▲ 3,152% |
| Profit (loss) for the period to be appropriated9905 | €4k | €4k | €253 | €577 | €19k | ▲ 3,152% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43k | €41k | €39k | €34k | €67k | ▲ 97.3% |
| Fixed assets21/28 | - | - | €3k | €7k | €4k | ▼ 38.1% |
| Tangible fixed assets22/27 | - | - | €3k | €7k | €4k | ▼ 38.1% |
| Furniture and vehicles24 | - | - | €3k | €7k | €4k | ▼ 38.1% |
| Current assets29/58 | €43k | €41k | €36k | €27k | €63k | ▲ 131% |
| Amounts receivable within one year40/41 | €15k | €8k | €30k | €18k | €15k | ▼ 19.6% |
| Trade receivables40 | €15k | €8k | €30k | €18k | €14k | ▼ 21.2% |
| Other amounts receivable41 | - | - | - | €315 | €551 | ▲ 74.9% |
| Cash at bank and in hand54/58 | €28k | €33k | €6k | €9k | €48k | ▲ 421% |
| Deferred charges and accrued income490/1 | - | - | - | - | €613 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43k | €41k | €39k | €34k | €67k | ▲ 97.3% |
| Equity10/15 | €18k | €22k | €22k | €23k | €23k | = |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €12k | - | - | - | - | - |
| Reserves13 | €1k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | €1k | = |
| Legal reserve130 | €1k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €11k | €15k | €15k | €16k | €16k | = |
| Amounts payable17/49 | €26k | €19k | €16k | €11k | €44k | ▲ 300% |
| Amounts payable within one year42/48 | €24k | €19k | €16k | €11k | €44k | ▲ 300% |
| Trade debts44 | €9k | €6k | €11k | €6k | €9k | ▲ 57.5% |
| Suppliers440/4 | €9k | €6k | €11k | €6k | €9k | ▲ 57.5% |
| Taxes, remuneration and social security45 | €5k | €7k | €4k | €2k | €16k | ▲ 678% |
| Taxes450/3 | €3k | €4k | €4k | €2k | €9k | ▲ 314% |
| Remuneration and social security454/9 | €3k | €3k | - | - | €8k | - |
| Other amounts payable47/48 | €9k | €6k | €1k | €3k | €19k | ▲ 459% |
| Accrued charges and deferred income492/3 | €2k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €4k | €253 | €577 | €19k | ▲ 3,152% |
| + Depreciation and write-downs630 | €4k | - | - | €3k | €3k | = |
| Operating cash flow (approximation) | €8k | €4k | €253 | €3k | €21k | ▲ 574% |
| Investment in fixed assets (approximation) | - | - | - | €-7k | €0 | ▲ 100% |
| Change in cash | - | €5k | €-28k | €3k | €39k | ▲ 1,010% |
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
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €253 ▼94.2%
Net result drops to €253, the lowest in the series; recovery starts the following year.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 15 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Hasselt · 1 establishment unit since 2014
Ground area
935 m²
Building footprint
146 m²
Volume, LiDAR
825 m³
Parcel 71483E0232/00Y000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARTX DEVELOPMENT
since 20142.238.107.724
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483E0232/00Y000 | Flanders | 935 m² | 1 · 146 m² | 6.5 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.
Similar companies · same sector, comparable size
AlesICT
BE 0726.930.569
Andenne · Eq €23,000
PONTRIHEN
BE 0816.913.313
Braine-le-Comte · Eq €23,032
SPLEEN CREATION
BE 0825.670.235
Lasne · Eq €23,034
iRobotics
BE 1003.824.294
Zonhoven · Eq €23,047
PROFACILE
BE 1029.610.755
Anderlecht · Eq €22,976
Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,009 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
Founded27-08-2014
Fiscal year end30-09
Activities, NACEBEL 2025
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
74201Photography, excluding press photography
74209Other photographic activities
Scores and ratios are computed by Checked and are not a credit decision.