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 €337,449 and a net result of €19,374. Equity is growing by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 1910 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 €24,000 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.
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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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€337,449▲ 6.1%
2024 · €318,075
Total assets
€741,528▼ 2.0%
2024 · €756,301
Net result
€19,374▼ 53.6%
2024 · €41,728
Working capital
€145,779▲ 45.6%
2024 · €100,105
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€38,022▲ 276%€108,817▲ 186%€191,478▲ 76.0%€69,023▼ 64.0%€44,163▼ 36.0%
Net result€25,482▲ 233%€71,426▲ 180%€135,850▲ 90.2%€41,728▼ 69.3%€19,374▼ 53.6%
Equity€104,071▲ 32.4%€175,496▲ 68.6%€311,347▲ 77.4%€318,075▲ 2.2%€337,449▲ 6.1%
Total assets€444,183▲ 26.3%€483,500▲ 8.9%€459,690▼ 4.9%€756,301▲ 64.5%€741,528▼ 2.0%
Debt€340,112▲ 24.5%€308,004▼ 9.4%€148,343▼ 51.8%€438,226▲ 195%€404,079▼ 7.8%
Working capital-€97,454▼ 51.1%-€16,877▲ 82.7%€136,962€100,105▼ 26.9%€145,779▲ 45.6%
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 €741,528
Fixed assets
€540,829 ▼ 9.2%
Current assets
€200,699 ▲ 25.1%
Equity and liabilities €741,528
Equity
€337,449 ▲ 6.1%
Debt
€404,079 ▼ 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
€99,552▼
2024 · €113,019
Cash flow
€74,763▼
2024 · €85,724
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
€54,920▼
2024 · €60,309
Debt > 1 year
€349,160▼
2024 · €377,917
Income taxes
€11,790▼
2024 · €20,000
Staff costs
€0▼
2024 · €220
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| 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 | €28,769 | €34,267 | €36,557 | €43,996 | €55,389 | ▲ 25.9% |
| Other operating charges640/8 | €6,636 | €2,099 | €3,040 | €45,611 | €3,261 | ▼ 92.9% |
| Gross operating margin9900 | €73,427 | €145,183 | €231,075 | €158,850 | €102,813 | ▼ 35.3% |
| Operating profit (loss)9901 | €38,022 | €108,817 | €191,478 | €69,023 | €44,163 | ▼ 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 | €2,250 | €1,968 | €1,764 | €7,412 | €13,025 | ▲ 75.7% |
| Recurring financial charges65 | €2,250 | €1,968 | €1,764 | €7,412 | €13,025 | ▲ 75.7% |
| Profit (loss) for the period before taxes9903 | €35,999 | €107,107 | €190,491 | €61,728 | €31,164 | ▼ 49.5% |
| Income taxes67/77 | €10,517 | €35,681 | €54,641 | €20,000 | €11,790 | ▼ 41.0% |
| Profit (loss) for the period9904 | €25,482 | €71,426 | €135,850 | €41,728 | €19,374 | ▼ 53.6% |
| Transfer to tax-exempt reserves689 | - | - | €71,570 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €25,482 | €71,426 | €64,280 | €41,728 | €19,374 | ▼ 53.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €444,183 | €483,500 | €459,690 | €756,301 | €741,528 | ▼ 2.0% |
| Fixed assets21/28 | €316,287 | €299,671 | €273,316 | €595,887 | €540,829 | ▼ 9.2% |
| Intangible fixed assets21 | €2,730 | €2,340 | €1,950 | €1,560 | €1,170 | ▼ 25.0% |
| Tangible fixed assets22/27 | €313,557 | €297,331 | €271,366 | €594,327 | €539,659 | ▼ 9.2% |
| Land and buildings22 | €271,619 | €247,159 | €221,123 | €542,917 | €501,529 | ▼ 7.6% |
| Plant, machinery and equipment23 | €14,708 | €16,752 | €12,279 | €8,010 | €3,740 | ▼ 53.3% |
| Furniture and vehicles24 | €27,230 | €33,420 | €37,964 | €43,401 | €34,391 | ▼ 20.8% |
| Current assets29/58 | €127,896 | €183,829 | €186,374 | €160,414 | €200,699 | ▲ 25.1% |
| Amounts receivable within one year40/41 | €49,775 | €29,877 | €68,583 | €19,687 | €54,205 | ▲ 175% |
| Trade receivables40 | €47,085 | €29,837 | €65,457 | €14,734 | €54,154 | ▲ 268% |
| Other amounts receivable41 | €2,690 | €40 | €3,125 | €4,952 | €50 | ▼ 99.0% |
| Cash at bank and in hand54/58 | €77,109 | €153,333 | €117,791 | €136,971 | €145,526 | ▲ 6.2% |
| Deferred charges and accrued income490/1 | €1,012 | €619 | €0 | €3,756 | €968 | ▼ 74.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €444,183 | €483,500 | €459,690 | €756,301 | €741,528 | ▼ 2.0% |
| Equity10/15 | €104,071 | €175,496 | €311,347 | €318,075 | €337,449 | ▲ 6.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €85,471 | €156,896 | €292,747 | €299,053 | €318,427 | ▲ 6.5% |
| Tax-exempt reserves132 | - | - | €71,570 | €71,570 | €71,570 | = |
| Distributable reserves133 | €85,471 | €156,896 | €221,177 | €227,483 | €246,857 | ▲ 8.5% |
| Profit (loss) carried forward14 | - | - | - | €422 | €422 | = |
| Amounts payable17/49 | €340,112 | €308,004 | €148,343 | €438,226 | €404,079 | ▼ 7.8% |
| Amounts payable after more than one year17 | €114,762 | €107,298 | €98,931 | €377,917 | €349,160 | ▼ 7.6% |
| Financial debts170/4 | €114,762 | €107,298 | €98,931 | €377,917 | €349,160 | ▼ 7.6% |
| Amounts payable within one year42/48 | €225,350 | €200,706 | €49,412 | €60,309 | €54,920 | ▼ 8.9% |
| Current portion of amounts payable after more than one year42 | €7,821 | €7,465 | €7,947 | €29,014 | €29,131 | ▲ 0.4% |
| Financial debts43 | - | - | - | €87 | €170 | ▲ 94.0% |
| Credit institutions430/8 | - | - | - | €87 | €170 | ▲ 94.0% |
| Trade debts44 | €79,637 | €15,160 | €14,015 | €28,934 | €4,634 | ▼ 84.0% |
| Suppliers440/4 | €79,637 | €15,160 | €14,015 | €28,934 | €4,634 | ▼ 84.0% |
| Taxes, remuneration and social security45 | €4,002 | €18,210 | €3,564 | €707 | €9,832 | ▲ 1,290% |
| Taxes450/3 | €4,002 | €18,210 | €3,564 | €707 | €9,832 | ▲ 1,290% |
| Remuneration and social security454/9 | - | - | - | - | €0 | - |
| Other amounts payable47/48 | €133,890 | €159,872 | €23,886 | €1,566 | €11,154 | ▲ 612% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,482 | €71,426 | €135,850 | €41,728 | €19,374 | ▼ 53.6% |
| + Depreciation and write-downs630 | €28,769 | €34,267 | €36,557 | €43,996 | €55,389 | ▲ 25.9% |
| Operating cash flow (approximation) | €54,251 | €105,692 | €172,407 | €85,724 | €74,763 | ▼ 12.8% |
| Investment in fixed assets (approximation) | - | -€17,650 | -€10,202 | -€366,567 | -€331 | ▲ 99.9% |
| Change in cash | - | €76,224 | -€35,542 | €19,180 | €8,555 | ▼ 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 €135,850 ▲90.2%
Operating result €191,478, net result €135,850, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.77
Current ratio from 0.92 to 3.77; short-term debt falls from €200,706 to €49,412.
31-12
Financial
Equity above €200,000Eq €311,347 ▲77.4%
4 profitable years in a row build equity to €311,347.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150,000Eq €175,496 ▲68.6%
3 profitable years in a row build equity to €175,496.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Equity above €100,000Eq €104,071 ▲32.4%
2 profitable years in a row build equity to €104,071.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Back to profitnet €7,656
Net result €7,656 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.