Debts
Of this, €7,202 falls due within a year.
Of this, €7,202 falls due within a year.
The last four annual accounts were filed 75 to 126 days before the end of the period.
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 22% of them on solvency, 55% on liquidity, 22% on profitability and 89% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,135 companies had the same profile as DATARTIFACT has now. Each dot stands for 6 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DATARTIFACT itself: 1.8% within 12 months.
The method was tested on the 497,447 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 2,135 companies, not a prediction for DATARTIFACT. 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.
Liquidity is ample, with a current ratio of 29.37 (48.35 in 2024), above the usual 1.5. Short-term debt is 3.4% and cash 0.9% of total assets. However, 95.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 97 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DATARTIFACT Ghent | €211,538 | -€23,887 | 4.5% | - |
| TORRE DE LA PARADA La Hulpe | €225,676 | -€2,917 | 99.4% | - |
| DIERBAAR DESIGN Nijlen | €177,531 | -€16,808 | 3.6% | - |
| GATE GALLERY Knokke-Heist | €146,793 | -€51,068 | -156.7% | - |
| PRIME ART Ixelles | €135,556 | -€196 | 31.5% | - |
| GAËTAN SCHOONBROODT Verviers | €123,883 | €571 | -40.7% | - |
| Céline Ghins Waterloo | €297,423 | -€21,051 | -22.4% | - |
These companies have the same main activity as DATARTIFACT: retail sale of antiques (NACE 47791). They are comparable in size and age: total assets between €124,000 and €297,000, founded between 2021 and 2023.
DATARTIFACT files the micro format. That format states no turnover. The gross margin fell from -€10,043 in 2022 to -€23,887 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 25% of 22,924 companies in 2025.
Higher than 95% of 22,052 companies in 2025.
Higher than 42% of 22,202 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
211,538 | 204,653 | 344,416 | 108,228 | |
21/28 |
0 | 849 | 4,373 | 7,896 | |
22/27 |
0 | 849 | 4,373 | 7,896 | |
24 |
0 | 849 | 4,373 | 7,896 | |
29/58 |
211,538 | 203,804 | 340,044 | 100,332 | |
40/41 |
209,387 | 195,133 | 333,236 | 93,645 | |
41 |
209,387 | 195,133 | 333,236 | 93,645 | |
54/58 |
1,992 | 8,546 | 6,689 | 6,571 | |
490/1 |
159 | 125 | 118 | 116 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
211,538 | 204,653 | 344,416 | 108,228 | |
10/15 |
9,415 | 5,518 | 705 | 7,521 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | |
14 |
-585 | -4,482 | -9,295 | -2,479 | |
17/49 |
202,123 | 199,135 | 343,712 | 100,707 | |
17 |
194,921 | 194,921 | 339,880 | 96,842 | |
178/9 |
194,921 | 194,921 | 339,880 | 96,842 | |
42/48 |
7,202 | 4,215 | 3,832 | 3,865 | |
42 |
1,501 | - | - | - | |
44 |
1,318 | 1,209 | 1,349 | 1,421 | |
440/4 |
1,318 | 1,209 | 1,349 | 1,421 | |
45 |
2,433 | 1,291 | 1,278 | 1,598 | |
450/3 |
1,263 | 128 | 123 | 460 | |
454/9 |
1,169 | 1,163 | 1,155 | 1,138 | |
47/48 |
1,950 | 1,715 | 1,205 | 845 | |
| Income statement | |||||
9900 |
-23,887 | -29,946 | -17,088 | -10,043 | |
630 |
849 | 3,523 | 3,523 | 2,674 | |
640/8 |
803 | 779 | 370 | 607 | |
9901 |
-25,540 | -34,249 | -20,982 | -13,324 | |
75/76B |
32,947 | 34,559 | 18,056 | 11,000 | |
75 |
32,947 | 34,559 | 18,056 | 11,000 | |
65/66B |
2,305 | 1,605 | 3,767 | 117 | |
65 |
2,305 | 1,605 | 3,767 | 117 | |
9903 |
5,102 | -1,295 | -6,693 | -2,441 | |
67/77 |
1,205 | 754 | 123 | 37 | |
9904 |
3,897 | -2,049 | -6,816 | -2,479 | |
9905 |
3,897 | -2,049 | -6,816 | -2,479 | |
| Appropriation of the result | |||||
9906 |
-585 | -4,482 | -9,295 | -2,479 | |
14P |
-4,482 | -2,433 | -2,479 | - | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-03-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -24,690 | -30,725 | -17,458 | -10,650 | ||
| 4,746 | 1,474 | -3,293 | 195 | ||
| 0 | 0 | 0 | 10,570 | ||
| -6,553 | 1,856 | 118 | - | ||
| 204,335 | 199,589 | 336,212 | 96,468 | ||
| 4.5% | 2.7% | 0.2% | 6.9% | ||
| 29.37 | 48.35 | 88.74 | 25.96 | ||
| 21.47 | 36.09 | - | 13.39 | ||
| 41.4% | -37.1% | - | -33.0% | ||
| 1.8% | -1.0% | -2.0% | -2.3% | ||
| -10.71 | -19.14 | -4.63 | -90.79 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €10,570 |
| Financial fixed assets | - | - | - | €0 |
| €849 | €3,523 | €3,523 | €2,674 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €25,540, smaller than the loss of €34,249 in 2024.
Debt's share of the balance-sheet total falls from 97.3% to 95.5%. Equity and debt are higher.
DATARTIFACT has no parent and no holdings in its annual accounts. HOORNAERT, Dries Willem is the only director. DATARTIFACT shares no director with another company.
| LIMA, NATUURVOEDINGSBEDRIJF - LIMA, MANUFACTURE D'ALIMENTS NATURELS
registered office since 01-03-1960 · founded in 1960 |
turnover €17.8m (2025) 0400.157.266 |
| Meteren
registered office since 03-07-2020 · founded in 2020 · accounts filed late |
total assets €9.4m (2024) 0749.760.708 |
| TRAJECT
registered office since 06-11-1992 · founded in 1992 · group KBC Groep |
31 FTE (2025) 0448.394.475 |
| Docshifter
registered office since 01-02-2014 · founded in 2014 |
3.5 FTE (2025) 0544.961.044 |
| DWD INVEST
registered office since 03-11-2006 · founded in 2006 |
0.9 FTE (2025) 0884.259.225 |
| DINA
registered office since 26-03-1999 · founded in 1999 · accounts filed late |
total assets €974,825 (2024) 0465.730.553 |
| B-enterprise (d)
registered office since 11-03-2009 · founded in 2009 |
total assets €971,853 (2025) 0810.358.784 |
| NG CLEANING SOLUTIONS
registered office since 29-10-2021 · founded in 2021 · accounts filed late |
total assets €738,876 (2024) 0776.645.544 |
| KOUTERS
registered office since 05-07-2021 · founded in 2021 |
total assets €521,952 (2025) 0770.760.119 |
| G & C INTERNATIONAL
registered office since 24-06-2003 · founded in 2003 · accounts filed late |
total assets €502,979 (2023) 0480.519.192 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
DATARTIFACT was incorporated on 23 December 2021 as a private limited company by one natural person, with a starting capital of €10,000.12 Since 2021, HOORNAERT, Dries Willem has served as director.3 Total assets rose from €108,228 in 2022 to €211,538 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Eedverbondkaai 242 registered office 9000 Ghent 47120 Other non-specialised retail sale | 23-12-2021 | 2.326.579.444 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44809I0826/00R000 | 1,794 m² | 1 · 901 m² | 20.1 m · 1 |
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