FERME D'ARTHIMA
ActiveFERME D'ARTHIMA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-94k) and a net result of €-217k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 6% of 656 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
7
/ 100
Critical▼ -13 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency34▲+28
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.58 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-5%
Return on assets
-11.5%
Age of the figures
20 mo
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€94k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
49 d late
2022
30 d late
2021
9 d late
2020
20 d late
2019
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-217k▼ 746%
2023 · €-26k
2018: €-16k
2019: €-18k
2020: €14k
2021: €26k
2022: €50k
2023: €-26k
2018 → 2024
Working capital
€-592k▼ 8.7%
2023 · €-545k
2018: €-635k
2019: €-622k
2020: €-550k
2021: €-540k
2022: €-484k
2023: €-545k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€69k-€88k▲ 28.5%€131k▲ 49.0%€99k▼ 24.4%€-94k
Operating result€9k-€23k▲ 152%€44k▲ 87.5%€-30k€-206k▼ 581%
Net result€14k-€26k▲ 80.1%€50k▲ 91.2%€-26k€-217k▼ 746%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €206k in 2024 against €30k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.89M
Fixed assets
€1.25M▲ 55.1%
Current assets
€640k▼ 14.5%
Key figures and ratios
EBITDA
€-22k▼
2023 · €99k
Cash flow
€-32k▼
2023 · €104k
Solvency
-5.0%▼
2023 · 6.4%
Current ratio
0.52▼
2023 · 0.58
Quick ratio
0.43▲
2023 · 0.33
Debt / equity
-21.10▼
2023 · 14.66
ROE
230.5%▲
2023 · -25.8%
ROA
-11.5%▼
2023 · -1.6%
Interest coverage
-1.47▼
2023 · 29.24
Debt
€1.99M▲
2023 · €1.46M
Debt ≤ 1 year
€1.23M▼
2023 · €1.29M
Debt > 1 year
€715k▲
2023 · €163k
Income taxes
€626▼
2023 · €643
Staff costs
€47
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€1.56M€1.89M▲
Fixed assets21/28€807k€1.25M▲
Intangible fixed assets21€90k€341k▲
Tangible fixed assets22/27€717k€910k▲
Land and buildings22€239k€216k▼
Plant, machinery and equipment23€347k€365k▲
Furniture and vehicles24€131k€329k▲
Financial fixed assets28€270-
Current assets29/58€749k€640k▼
Stocks and contracts in progress3€324k€113k▼
Stocks30/36€324k€113k▼
Amounts receivable within one year40/41€402k€437k▲
Trade receivables40€381k€427k▲
Other amounts receivable41€21k€10k▼
Cash at bank and in hand54/58€19k€73k▲
Deferred charges and accrued income490/1€4k€17k▲
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.89M▲
Equity10/15€99k€-94k▼
Contributions10/11€86k€86k=
Capital10€86k€86k=
Issued capital100€86k€86k=
Reserves13€76k€76k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Tax-exempt reserves132€68k€68k=
Profit (loss) carried forward14€-79k€-269k▼
Investment grants15€17k€13k▼
Amounts payable17/49€1.46M€1.99M▲
Amounts payable after more than one year17€163k€715k▲
Financial debts170/4€163k€715k▲
Amounts payable within one year42/48€1.29M€1.23M▼
Current portion of amounts payable after more than one year42€63k€115k▲
Trade debts44€33k€172k▲
Suppliers440/4€33k€172k▲
Taxes, remuneration and social security45€827€5k▲
Taxes450/3€827€5k▲
Other amounts payable47/48€1.20M€941k▼
Accrued charges and deferred income492/3-€38k
Income statement
Code20232024
Remuneration, social security and pensions62-€47
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€184k▲
Other operating charges640/8€20k€6k▼
Gross operating margin9900€119k€-15k▼
Operating profit (loss)9901€-30k€-206k▼
Financial income75/76B€10k€4k▼
Recurring financial income75€10k€4k▼
Financial charges65/66B€5k€15k▲
Recurring financial charges65€3k€15k▲
Non-recurring financial charges66B€1k-
Profit (loss) for the period before taxes9903€-25k€-216k▼
Income taxes67/77€643€626▼
Profit (loss) for the period9904€-26k€-217k▼
Profit (loss) for the period to be appropriated9905€-26k€-217k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€-269k▼
Profit (loss) brought forward from the previous period14P€-54k€-52k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-217k
Net result drops to €-217k, the lowest in the series.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 49 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €50k ▲91.2%
Operating result €44k, net result €50k, both a record.
31-12
Financial
Equity above €100kEq €131k ▲49%
3 profitable years in a row build equity to €131k.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
31-12
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Waremme · 1 establishment unit since 1990
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.
Rue Louis Maréchal 31A4300 WaremmeGround area
2,910 m²
Building footprint
997 m²
Volume, LiDAR
7,669 m³
2 parcels, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Louis Maréchal 31 A, 4300 Waremme
since 19902.050.216.150
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64012A0129/00K000 | Wallonia | 1,957 m² | 1 · 747 m² | 11.6 m · 3 fl. |
| 64012A0130/00E000 | Wallonia | 953 m² | 1 · 250 m² | 8.4 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,263 EUR awarded · 1,263 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,263 EUR | 1,263 EUR |
Schemes
Brede weersverzekering
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaremme2.050.216.150
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GaumAgri
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BE 0474.452.932
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SOPALL
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M.D.
BE 0688.612.601
Dentergem · Eq €99k
DINAGRI
BE 0452.719.982
Dinant · Eq €98k
Of 20,585 companies in sector 01500 we hold annual accounts for 1,144. 846 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-10-1990
Fiscal year end31-12
Activities, NACEBEL
01500Mixed farming
01410Raising of dairy cattle
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.