ARTYTA
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 28-10-2026 at the NBB all 14 filings
Turnover
≈ €13,000
Estimated: probably between €5,200 and €21,000
Total assets
€110,591▲ 0.9%
2025 · €109,564
Net result
-€530
2025 · €2,699
Working capital
€63,444▲ 77.6%
2025 · €35,729
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
-€850
2026
20192026
Net result
-€530
2026
20192026
Equity
€59,783
▼ 0.9%
2026
20192026
Total assets
€110,591
▲ 0.9%
2026
20192026
Debt
€50,808
▲ 3.2%
2026
20192026
Working capital
€63,444
▲ 77.6%
2026
20192026
Solvency
54.1%
▼ 1.0pp
2026
20192026
Current ratio
4.51
▲ 2.68
2026
20192026
Return on assets (ROA)
-0.5%
▼ 2.9pp
2026
20192026
Staff (FTE)
no figure
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€3,994--€16,436-€6,483▲ 60.6%€3,926-€1,732€8,737€4,127▼ 52.8%-€850
Net result€1,986--€17,248-€7,161below the sector's middle half▲ 58.5%€4,526within the sector's middle half-€2,196below the sector's middle half€8,162within the sector's middle half€2,699within the sector's middle half▼ 66.9%-€530
Equity€71,531-€54,284▼ 24.1%€47,123within the sector's middle half▼ 13.2%€51,649within the sector's middle half▲ 9.6%€49,453within the sector's middle half▼ 4.3%€57,615within the sector's middle half▲ 16.5%€60,314within the sector's middle half▲ 4.7%€59,783▼ 0.9%
Total assets€134,980-€131,144▼ 2.8%€125,810within the sector's middle half▼ 4.1%€131,968within the sector's middle half▲ 4.9%€115,417within the sector's middle half▼ 12.5%€132,474within the sector's middle half▲ 14.8%€109,564within the sector's middle half▼ 17.3%€110,591▲ 0.9%
Debt€63,449-€76,860▲ 21.1%€78,687▲ 2.4%€80,320▲ 2.1%€65,965▼ 17.9%€74,859▲ 13.5%€49,250▼ 34.2%€50,808▲ 3.2%
Working capital€50,741-€34,671▼ 31.7%€27,327within the sector's middle half▼ 21.2%€30,190within the sector's middle half▲ 10.5%€28,949within the sector's middle half▼ 4.1%€36,580within the sector's middle half▲ 26.4%€35,729within the sector's middle half▼ 2.3%€63,444▲ 77.6%
Solvency53.0%-41.4%▼ 11.6pp37.5%within the sector's middle half▼ 3.9pp39.1%within the sector's middle half▲ 1.7pp42.8%within the sector's middle half▲ 3.7pp43.5%within the sector's middle half▲ 0.6pp55.0%within the sector's middle half▲ 11.6pp54.1%▼ 1.0pp
Current ratio1.88-1.49▼ 0.391.38within the sector's middle half▼ 0.111.41within the sector's middle half▲ 0.031.48within the sector's middle half▲ 0.081.53within the sector's middle half▲ 0.051.83within the sector's middle half▲ 0.294.51▲ 2.68
Return on assets (ROA)1.5%--13.2%▼ 14.6pp-5.7%below the sector's middle half▲ 7.5pp3.4%within the sector's middle half▲ 9.1pp-1.9%below the sector's middle half▼ 5.3pp6.2%within the sector's middle half▲ 8.1pp2.5%within the sector's middle half▼ 3.7pp-0.5%▼ 2.9pp
Staff (FTE)0.6-1
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is a loss of €850, after a profit of €4,127 in 2025.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €110,591
Fixed assets
€29,052 ▼ 4.9%
Current assets
€81,539 ▲ 3.2%
Equity and liabilities €110,591
Equity
€59,783 ▼ 0.9%
Debt
€50,808 ▲ 3.2%
Debt's share of the balance-sheet total rises from 45.0% to 45.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,414▼
2025 · €5,766
Cash flow
€1,734▼
2025 · €4,338
Debt to equity
0.85▲
2025 · 0.82
ROE
-0.9%▼
2025 · 4.5%
Interest coverage
4.48▼
2025 · 16.40
Debt ≤ 1 year
€18,095▼
2025 · €43,300
Income taxes
€236▼
2025 · €1,362
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.6 |
| Average over the year, in full-time equivalents | 0.6 |
| On a permanent contract | 1 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,190 | €350 | €1,516 | €5,189 | €782 |
| Depreciation and write-downs of the year | €527 | €1,304 | €986 | €1,639 | €2,265 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €31,209 | €32,903 | €28,178 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,731 | €1,177 | €404 | €527 | €1,304 | €986 | €1,639 | €2,265 | ▲ 38.2% |
| Other operating charges640/8 | - | - | - | €668 | €331 | €207 | €456 | €574 | ▲ 25.7% |
| Gross operating margin9900 | €37,251 | €15,270 | €18,392 | €36,329 | €32,807 | €38,107 | €6,222 | €1,988 | ▼ 68.0% |
| Operating profit (loss)9901 | €3,994 | -€16,436 | -€6,483 | €3,926 | -€1,732 | €8,737 | €4,127 | -€850 | - |
| Financial income75/76B | - | - | - | €1,401 | €151 | €57 | €286 | €872 | ▲ 205% |
| Recurring financial income75 | €58 | €5 | €0 | €1,401 | €151 | €57 | €286 | €872 | ▲ 205% |
| Financial charges65/66B | - | - | - | €681 | €487 | €485 | €352 | €316 | ▼ 10.2% |
| Recurring financial charges65 | €357 | €457 | €562 | €681 | €487 | €485 | €352 | €316 | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | €3,695 | -€16,888 | -€7,045 | €4,646 | -€2,068 | €8,310 | €4,061 | -€294 | - |
| Income taxes67/77 | €1,709 | €359 | €116 | €120 | €128 | €148 | €1,362 | €236 | ▼ 82.7% |
| Profit (loss) for the period9904 | €1,986 | -€17,248 | -€7,161 | €4,526 | -€2,196 | €8,162 | €2,699 | -€530 | - |
| Profit (loss) for the period to be appropriated9905 | €1,986 | -€17,248 | -€7,161 | €4,526 | -€2,196 | €8,162 | €2,699 | -€530 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €134,980 | €131,144 | €125,810 | €131,968 | €115,417 | €132,474 | €109,564 | €110,591 | ▲ 0.9% |
| Fixed assets21/28 | €26,740 | €25,562 | €25,745 | €27,408 | €26,454 | €26,984 | €30,535 | €29,052 | ▼ 4.9% |
| Intangible fixed assets21 | €22,949 | €22,949 | €22,949 | €22,949 | €22,949 | €22,949 | €22,949 | €22,949 | = |
| Tangible fixed assets22/27 | €2,165 | €988 | €1,171 | €2,834 | €1,880 | €2,410 | €5,961 | €4,478 | ▼ 24.9% |
| Plant, machinery and equipment23 | - | - | - | - | - | €532 | €425 | €319 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | - | €2,834 | €1,880 | €1,878 | €5,535 | €4,159 | ▼ 24.9% |
| Financial fixed assets28 | €1,625 | €1,625 | €1,625 | €1,625 | €1,625 | €1,625 | €1,625 | €1,625 | = |
| Current assets29/58 | €108,241 | €105,581 | €100,065 | €104,560 | €88,963 | €105,489 | €79,029 | €81,539 | ▲ 3.2% |
| Amounts receivable within one year40/41 | €31,798 | €46,806 | €32,315 | €36,397 | €36,702 | €45,438 | €9,083 | €19,680 | ▲ 117% |
| Trade receivables40 | - | - | - | €36,397 | €36,702 | €45,438 | €9,083 | €19,680 | ▲ 117% |
| Current investments50/53 | - | - | - | - | - | - | €45,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €75,362 | €57,666 | €66,733 | €67,081 | €51,091 | €59,318 | €24,053 | €60,871 | ▲ 153% |
| Deferred charges and accrued income490/1 | - | - | - | €1,082 | €1,170 | €733 | €892 | €988 | ▲ 10.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €134,980 | €131,144 | €125,810 | €131,968 | €115,417 | €132,474 | €109,564 | €110,591 | ▲ 0.9% |
| Equity10/15 | €71,531 | €54,284 | €47,123 | €51,649 | €49,453 | €57,615 | €60,314 | €59,783 | ▼ 0.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €51,071 | €33,824 | €26,663 | €31,189 | €28,993 | €37,155 | €39,854 | €39,323 | ▼ 1.3% |
| Amounts payable17/49 | €63,449 | €76,860 | €78,687 | €80,320 | €65,965 | €74,859 | €49,250 | €50,808 | ▲ 3.2% |
| Amounts payable within one year42/48 | €57,499 | €70,910 | €72,737 | €74,370 | €60,015 | €68,909 | €43,300 | €18,095 | ▼ 58.2% |
| Trade debts44 | €10,978 | €29,444 | €29,524 | €30,197 | €16,574 | €33,508 | €8,526 | €10,743 | ▲ 26.0% |
| Suppliers440/4 | - | - | - | €30,197 | €16,574 | €33,508 | €8,526 | €10,743 | ▲ 26.0% |
| Taxes, remuneration and social security45 | - | - | - | €13,385 | €12,319 | €3,830 | €3,111 | €7,352 | ▲ 136% |
| Taxes450/3 | - | - | - | €6,981 | €8,309 | €3,830 | €1,511 | €2,552 | ▲ 68.8% |
| Remuneration and social security454/9 | - | - | - | €6,404 | €4,010 | - | €1,600 | €4,800 | ▲ 200% |
| Other amounts payable47/48 | - | - | - | €30,787 | €31,122 | €31,571 | €31,663 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €5,950 | €5,950 | €5,950 | €5,950 | €32,712 | ▲ 450% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,986 | -€17,248 | -€7,161 | €4,526 | -€2,196 | €8,162 | €2,699 | -€530 | - |
| + Depreciation and write-downs630 | €3,731 | €1,177 | €404 | €527 | €1,304 | €986 | €1,639 | €2,265 | ▲ 38.2% |
| Operating cash flow (approximation) | €5,717 | -€16,070 | -€6,757 | €5,053 | -€892 | €9,148 | €4,338 | €1,734 | ▼ 60.0% |
| Investment in fixed assets (approximation) | - | €0 | -€587 | -€2,190 | -€350 | -€1,516 | -€5,189 | -€782 | ▲ 84.9% |
| Change in cash | - | -€17,697 | €9,068 | €348 | -€15,990 | €8,226 | -€35,264 | €36,818 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as ARTYTA has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ARTYTA itself is lower: < 0.1% within 12 months. It rests on far more data about ARTYTA than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for ARTYTA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 28-10-2026 | 2026-00570697 | |
| 31-03-2025 | micro format | 13-10-2025 | 2025-00541471 | |
| 31-03-2024 | micro format | 29-10-2024 | 2024-00518266 | |
| 31-03-2023 | micro format | 31-10-2023 | 2023-00503054 | |
| 31-03-2022 | micro format | 28-10-2022 | 2022-20476136 | |
| 31-03-2021 | micro format | 29-10-2021 | 2021-75800306 | |
| 31-03-2020 | micro format | 12-11-2020 | 2020-70500109 | |
| 31-03-2019 | micro format | 29-10-2019 | 2019-71900519 | |
| 31-03-2018 | micro format | 31-10-2018 | 2018-71300158 | |
| 31-03-2017 | micro format | 17-10-2017 | 2017-67300391 |