ATELIER X
ActiveSummary
ATELIER X has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €337k and a net result of €19k. Equity is growing by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-4
Solvency71▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 3.65 against 2.66 in 2024; short-term debt: 7.4% and cash: 19.6% of total assets), but 54.5% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more 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
45.5%
Return on assets
2.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
24 d early
2024
20 d late
2023
5 d early
2022
31 d late
2021
26 d late
2020
12 d late
2019
29 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€337k▲ 6.1%
2024 · €318k
2019: €71klowest in 7 years
2020: €79k▲ +10.8% vs 2019
2021: €104k▲ +32.4% vs 2020
2022: €175k▲ +68.6% vs 2021
2023: €311k▲ +77.4% vs 2022
2024: €318k▲ +2.2% vs 2023
2025: €337k▲ +6.1% vs 2024highest in 7 years
2019 → 2025
Total assets
€742k▼ 2.0%
2024 · €756k
2019: €271klowest in 7 years
2020: €352k▲ +30.0% vs 2019
2021: €444k▲ +26.3% vs 2020
2022: €484k▲ +8.9% vs 2021
2023: €460k▼ -4.9% vs 2022
2024: €756k▲ +64.5% vs 2023highest in 7 years
2025: €742k▼ -2.0% vs 2024
2019 → 2025
Net result
€19k▼ 53.6%
2024 · €42k
2019: €-10klowest in 7 years
2020: €8k▲ +179% vs 2019
2021: €25k▲ +233% vs 2020
2022: €71k▲ +180% vs 2021
2023: €136k▲ +90.2% vs 2022highest in 7 years
2024: €42k▼ -69.3% vs 2023
2025: €19k▼ -53.6% vs 2024
2019 → 2025
Working capital
€146k▲ 45.6%
2024 · €100k
2019: €-64k
2020: €-64k▼ -1.0% vs 2019
2021: €-97k▼ -51.1% vs 2020lowest in 7 years
2022: €-17k▲ +82.7% vs 2021
2023: €137k▲ +912% vs 2022
2024: €100k▼ -26.9% vs 2023
2025: €146k▲ +45.6% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€104k-€175k▲ 68.6%€311k▲ 77.4%€318k▲ 2.2%€337k▲ 6.1%
2021: €104klowest in 5 years
2022: €175k▲ +68.6% vs 2021
2023: €311k▲ +77.4% vs 2022
2024: €318k▲ +2.2% vs 2023
2025: €337k▲ +6.1% vs 2024highest in 5 years
Operating result€38k-€109k▲ 186%€191k▲ 76.0%€69k▼ 64.0%€44k▼ 36.0%
2021: €38klowest in 5 years
2022: €109k▲ +186% vs 2021
2023: €191k▲ +76.0% vs 2022highest in 5 years
2024: €69k▼ -64.0% vs 2023
2025: €44k▼ -36.0% vs 2024
Net result€25k-€71k▲ 180%€136k▲ 90.2%€42k▼ 69.3%€19k▼ 53.6%
2021: €25k
2022: €71k▲ +180% vs 2021
2023: €136k▲ +90.2% vs 2022highest in 5 years
2024: €42k▼ -69.3% vs 2023
2025: €19k▼ -53.6% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €742k
Fixed assets
€541k ▼ 9.2%
Current assets
€201k ▲ 25.1%
Equity and liabilities €742k
Equity
€337k ▲ 6.1%
Debt
€404k ▼ 7.8%
Debt's share of the balance-sheet total falls from 57.9% to 54.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100k▼
2024 · €113k
Cash flow
€75k▼
2024 · €86k
Current ratio
3.65▲
2024 · 2.66
Debt to equity
1.20▼
2024 · 1.38
ROE
5.7%▼
2024 · 13.1%
ROA
2.6%▼
2024 · 5.5%
Interest coverage
7.64▼
2024 · 15.25
Debt ≤ 1 year
€55k▼
2024 · €60k
Debt > 1 year
€349k▼
2024 · €378k
Income taxes
€12k▼
2024 · €20k
Staff costs
€0▼
2024 · €220
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€756k€742k▼
Fixed assets21/28€596k€541k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€594k€540k▼
Land and buildings22€543k€502k▼
Plant, machinery and equipment23€8k€4k▼
Furniture and vehicles24€43k€34k▼
Current assets29/58€160k€201k▲
Amounts receivable within one year40/41€20k€54k▲
Trade receivables40€15k€54k▲
Other amounts receivable41€5k€50▼
Cash at bank and in hand54/58€137k€146k▲
Deferred charges and accrued income490/1€4k€968▼
Equity and liabilities
Total equity and liabilities10/49€756k€742k▼
Equity10/15€318k€337k▲
Contributions10/11€19k€19k=
Reserves13€299k€318k▲
Tax-exempt reserves132€72k€72k=
Distributable reserves133€227k€247k▲
Profit (loss) carried forward14€422€422=
Amounts payable17/49€438k€404k▼
Amounts payable after more than one year17€378k€349k▼
Financial debts170/4€378k€349k▼
Amounts payable within one year42/48€60k€55k▼
Current portion of amounts payable after more than one year42€29k€29k▲
Financial debts43€87€170▲
Credit institutions430/8€87€170▲
Trade debts44€29k€5k▼
Suppliers440/4€29k€5k▼
Taxes, remuneration and social security45€707€10k▲
Taxes450/3€707€10k▲
Remuneration and social security454/9-€0
Other amounts payable47/48€2k€11k▲
Income statement
Code20242025
Non-recurring operating income76A-€331
Remuneration, social security and pensions62€220€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€55k▲
Other operating charges640/8€46k€3k▼
Gross operating margin9900€159k€103k▼
Operating profit (loss)9901€69k€44k▼
Financial income75/76B€117€26▼
Recurring financial income75€117€26▼
Financial charges65/66B€7k€13k▲
Recurring financial charges65€7k€13k▲
Profit (loss) for the period before taxes9903€62k€31k▼
Income taxes67/77€20k€12k▼
Profit (loss) for the period9904€42k€19k▼
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€42k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€20k▼
Profit (loss) brought forward from the previous period14P-€422
Transfer from equity791/2€35k€0▼
Transfer to equity691/2€41k€19k▼
To other reserves6921€41k€19k▼
Profit to be distributed694/7€35k€0▼
Return on contributions (dividend)694€35k€0▼
The notes to these accounts (13 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €331 | - |
| Remuneration, social security and pensions62 | - | - | - | €220 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €34k | €37k | €44k | €55k | ▲ 25.9% |
| Other operating charges640/8 | €7k | €2k | €3k | €46k | €3k | ▼ 92.9% |
| Gross operating margin9900 | €73k | €145k | €231k | €159k | €103k | ▼ 35.3% |
| Operating profit (loss)9901 | €38k | €109k | €191k | €69k | €44k | ▼ 36.0% |
| Financial income75/76B | €227 | €257 | €777 | €117 | €26 | ▼ 77.7% |
| Recurring financial income75 | €227 | €257 | €777 | €117 | €26 | ▼ 77.7% |
| Financial charges65/66B | €2k | €2k | €2k | €7k | €13k | ▲ 75.7% |
| Recurring financial charges65 | €2k | €2k | €2k | €7k | €13k | ▲ 75.7% |
| Profit (loss) for the period before taxes9903 | €36k | €107k | €190k | €62k | €31k | ▼ 49.5% |
| Income taxes67/77 | €11k | €36k | €55k | €20k | €12k | ▼ 41.0% |
| Profit (loss) for the period9904 | €25k | €71k | €136k | €42k | €19k | ▼ 53.6% |
| Transfer to tax-exempt reserves689 | - | - | €72k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €25k | €71k | €64k | €42k | €19k | ▼ 53.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €444k | €484k | €460k | €756k | €742k | ▼ 2.0% |
| Fixed assets21/28 | €316k | €300k | €273k | €596k | €541k | ▼ 9.2% |
| Intangible fixed assets21 | €3k | €2k | €2k | €2k | €1k | ▼ 25.0% |
| Tangible fixed assets22/27 | €314k | €297k | €271k | €594k | €540k | ▼ 9.2% |
| Land and buildings22 | €272k | €247k | €221k | €543k | €502k | ▼ 7.6% |
| Plant, machinery and equipment23 | €15k | €17k | €12k | €8k | €4k | ▼ 53.3% |
| Furniture and vehicles24 | €27k | €33k | €38k | €43k | €34k | ▼ 20.8% |
| Current assets29/58 | €128k | €184k | €186k | €160k | €201k | ▲ 25.1% |
| Amounts receivable within one year40/41 | €50k | €30k | €69k | €20k | €54k | ▲ 175% |
| Trade receivables40 | €47k | €30k | €65k | €15k | €54k | ▲ 268% |
| Other amounts receivable41 | €3k | €40 | €3k | €5k | €50 | ▼ 99.0% |
| Cash at bank and in hand54/58 | €77k | €153k | €118k | €137k | €146k | ▲ 6.2% |
| Deferred charges and accrued income490/1 | €1k | €619 | €0 | €4k | €968 | ▼ 74.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €444k | €484k | €460k | €756k | €742k | ▼ 2.0% |
| Equity10/15 | €104k | €175k | €311k | €318k | €337k | ▲ 6.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €85k | €157k | €293k | €299k | €318k | ▲ 6.5% |
| Tax-exempt reserves132 | - | - | €72k | €72k | €72k | = |
| Distributable reserves133 | €85k | €157k | €221k | €227k | €247k | ▲ 8.5% |
| Profit (loss) carried forward14 | - | - | - | €422 | €422 | = |
| Amounts payable17/49 | €340k | €308k | €148k | €438k | €404k | ▼ 7.8% |
| Amounts payable after more than one year17 | €115k | €107k | €99k | €378k | €349k | ▼ 7.6% |
| Financial debts170/4 | €115k | €107k | €99k | €378k | €349k | ▼ 7.6% |
| Amounts payable within one year42/48 | €225k | €201k | €49k | €60k | €55k | ▼ 8.9% |
| Current portion of amounts payable after more than one year42 | €8k | €7k | €8k | €29k | €29k | ▲ 0.4% |
| Financial debts43 | - | - | - | €87 | €170 | ▲ 94.0% |
| Credit institutions430/8 | - | - | - | €87 | €170 | ▲ 94.0% |
| Trade debts44 | €80k | €15k | €14k | €29k | €5k | ▼ 84.0% |
| Suppliers440/4 | €80k | €15k | €14k | €29k | €5k | ▼ 84.0% |
| Taxes, remuneration and social security45 | €4k | €18k | €4k | €707 | €10k | ▲ 1,290% |
| Taxes450/3 | €4k | €18k | €4k | €707 | €10k | ▲ 1,290% |
| Remuneration and social security454/9 | - | - | - | - | €0 | - |
| Other amounts payable47/48 | €134k | €160k | €24k | €2k | €11k | ▲ 612% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €71k | €136k | €42k | €19k | ▼ 53.6% |
| + Depreciation and write-downs630 | €29k | €34k | €37k | €44k | €55k | ▲ 25.9% |
| Operating cash flow (approximation) | €54k | €106k | €172k | €86k | €75k | ▼ 12.8% |
| Investment in fixed assets (approximation) | - | €-18k | €-10k | €-367k | €-331 | ▲ 99.9% |
| Change in cash | - | €76k | €-36k | €19k | €9k | ▼ 55.4% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €136k ▲90.2%
Operating result €191k, net result €136k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.77
Current ratio from 0.92 to 3.77; short-term debt falls from €201k to €49k.
31-12
Financial
Equity above €200kEq €311k ▲77.4%
4 profitable years in a row build equity to €311k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150kEq €175k ▲68.6%
3 profitable years in a row build equity to €175k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Equity above €100kEq €104k ▲32.4%
2 profitable years in a row build equity to €104k.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ieper · 2 establishment units since 2015
Ground area
6,102 m²
Building footprint
3,430 m²
Volume, LiDAR
651 m³
2 parcels, Flanders · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
ATELIER X
since 20152.243.877.739
ATELIER X
since 20192.298.323.839
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36012B1049/00D000 | Flanders | 6,030 m² | 1 · 3,358 m² | 0.1 m |
| 33011F0197/00S000 | Flanders | 72 m² | 1 · 72 m² | 12.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,628 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
Founded16-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
33120Repair and maintenance of machinery
Scores and ratios are computed by Checked and are not a credit decision.