BEL ARTE
ActiveBEL ARTE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €58k and a net result of €18k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 86% of 26053 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+37
Solvency100=
Growth75=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.47 against 4.65 in 2023; short-term debt: 22.6% and cash: 53.2% of total assets), and 22.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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
not confirmed
2024
67 d late
2023
31 d late
2022
18 d early
2021
24 d late
2020
19 d late
2019
7 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€5k▲ 11.0%
2021 · €5k
2021: €5k
2021 → 2022
EBIT margin
173.2%▼ 22.5pp
2021 · 195.7%
2021: 195.7%
2021 → 2022
Net result
€18k▲ 277%
2023 · €5k
2018: €917
2019: €3k
2020: €718
2021: €6k
2022: €6k
2023: €5k
2018 → 2024
Working capital
€42k▲ 30.1%
2023 · €32k
2018: €9k
2019: €13k
2020: €14k
2021: €21k
2022: €27k
2023: €32k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€5k€5k▲ 11.0%
Equity€22k-€29k▲ 28.2%€35k▲ 20.9%€39k▲ 14.1%€58k▲ 46.7%
Operating result€968-€9k▲ 874%€9k▼ 1.8%€8k▼ 11.5%€30k▲ 269%
Net result€718-€6k▲ 775%€6k▼ 4.8%€5k▼ 18.3%€18k▲ 277%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 269% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €75k
Fixed assets
€16k▲ 118%
Current assets
€58k▲ 43.4%
Equity and liabilities €75k
Equity
€58k▲ 46.7%
Debt
€17k▲ 92.2%
The debt ratio rises from 18.2% to 22.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33k
Cash flow
€21k
Solvency
77.4%▼
2023 · 81.8%
Current ratio
3.47▼
2023 · 4.65
Quick ratio
3.47▼
2023 · 4.65
Debt / equity
0.29▲
2023 · 0.22
ROE
31.8%▲
2023 · 12.4%
ROA
24.6%▲
2023 · 10.1%
Interest coverage
24.58
Debt
€17k▲
2023 · €9k
Debt ≤ 1 year
€17k▲
2023 · €9k
Income taxes
€11k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€48k€75k▲
Fixed assets21/28€7k€16k▲
Tangible fixed assets22/27€7k€16k▲
Land and buildings22€7k€7k=
Furniture and vehicles24-€9k
Current assets29/58€41k€58k▲
Amounts receivable within one year40/41€15k€18k▲
Trade receivables40€15k€18k▲
Cash at bank and in hand54/58€25k€40k▲
Deferred charges and accrued income490/1€40€726▲
Equity and liabilities
Total equity and liabilities10/49€48k€75k▲
Equity10/15€39k€58k▲
Contributions10/11€19k€19k=
Reserves13€21k€39k▲
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€17k€35k▲
Profit (loss) carried forward14€5€5▲
Amounts payable17/49€9k€17k▲
Amounts payable within one year42/48€9k€17k▲
Trade debts44-€3k
Suppliers440/4-€3k
Taxes, remuneration and social security45€4k€9k▲
Taxes450/3€4k€9k▲
Other amounts payable47/48€5k€5k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Other operating charges640/8€2k€2k▲
Gross operating margin9900€10k€35k▲
Operating profit (loss)9901€8k€30k▲
Financial income75/76B€117-
Recurring financial income75€117-
Financial charges65/66B€58€1k▲
Recurring financial charges65€58€1k▲
Profit (loss) for the period before taxes9903€8k€29k▲
Income taxes67/77€3k€11k▲
Profit (loss) for the period9904€5k€18k▲
Profit (loss) for the period to be appropriated9905€5k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€18k▲
Profit (loss) brought forward from the previous period14P€5€5=
Transfer to equity691/2€5k€18k▲
To other reserves6921€5k€18k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Highest result since 2018net €18k ▲277%
Operating result €30k, net result €18k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Weakest financial yearnet €718 ▼79%
Net result drops to €718, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 26 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue du Parc 71340 Ottignies-Louvain-la-NeuveGround area
3,312 m²
Building footprint
349 m²
Volume, LiDAR
3,784 m³
2 parcels, Wallonia · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ECCO
since 19882.037.952.083
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25083D0011/00M002 | Wallonia | 2,020 m² | 1 · 182 m² | 12.0 m · 3 fl. |
| 25112M1090/00B000 | Wallonia | 1,291 m² | 1 · 167 m² | 16.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
GRIZZLY
BE 0478.681.835
Oudenaarde · Eq €58k
House in One
BE 0864.038.485
Wavre · Eq €57k
ERLI
BE 0435.372.523
Oudenaarde · Eq €58k
COMTECH
BE 0479.005.596
Herselt · Eq €57k
Decoratie Magda
BE 0879.191.766
Lille · Eq €59k
Of 766 companies in sector 47552 we hold annual accounts for 444. 338 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-04-1988
Fiscal year end31-12
Activities, NACEBEL
47552Retail sale of lighting equipment
47592Retail trade
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.