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HARTEMIS

Active
Private limited companyfounded 20215 yrs activeRue d'Amberloup 47, 6680 Sainte-Ode, BelgiumKBO/BCE: BE 0765.870.725
Summary

HARTEMIS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€19,375) and a net result of €8,758. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability55▲+2
Solvency21▲+2
Growth58=
Track record94
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.08 in 2024; short-term debt: 52.7% and cash: 4% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
-4.4%
Return on assets
2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 14220 sector peers (2025).
NBB · sector comparison
Position among 14220 sector peers
Solvency
better than 16%
← weakest strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
16 d early
2024
28 d late
2023
13 d late
2022
33 d early
2021
27 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

HARTEMIS was incorporated on 30 March 2021 as a Private limited company.1 Total assets rose from EUR 21,199 in 2021 to EUR 435,515 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€19,375▲ 31.1%
2024 · -€28,132
Total assets
€435,515▼ 0.3%
2024 · €436,714
Net result
€8,758▲ 84.1%
2024 · €4,758
Working capital
-€202,946▲ 2.6%
2024 · -€208,287
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-€3,830--€29,876▼ 680%€7,243€11,408▲ 57.5%€16,339▲ 43.2%
Net result-€3,830--€34,675▼ 805%€615€4,758▲ 673%€8,758▲ 84.1%
Equity€1,170--€33,506-€32,890▲ 1.8%-€28,132▲ 14.5%-€19,375▲ 31.1%
Total assets€21,199-€456,304▲ 2,052%€445,609▼ 2.3%€436,714▼ 2.0%€435,515▼ 0.3%
Debt€20,029-€489,809▲ 2,345%€478,500▼ 2.3%€464,847▼ 2.9%€454,889▼ 2.1%
Working capital-€528--€210,535▼ 39,780%-€211,332▼ 0.4%-€208,287▲ 1.4%-€202,946▲ 2.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2021: -€3,830-€3,830Net result 2021: -€3,830-€3,830Operating result 2022: -€29,876-€29,876Net result 2022: -€34,675-€34,675Operating result 2023: €7,243€7,243Net result 2023: €615€615Operating result 2024: €11,408€11,408Net result 2024: €4,758€4,758Operating result 2025: €16,339€16,339Net result 2025: €8,758€8,75820212022202320242025€0€5,000€10,000€15,000Operating result 2023: €7,243€7,240Net result 2023: €615€615Operating result 2024: €11,408€11,400Net result 2024: €4,758€4,760Operating result 2025: €16,339€16,300Net result 2025: €8,758€8,760202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 43% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €435,515
Fixed assets €408,788 ▼ 2.4%
Current assets €26,727 ▲ 50.3%
Key figures and ratios
2025 value · change against 2024
EBITDA
€30,776▲
2024 · €25,973
Cash flow
€23,194▲
2024 · €19,323
Solvency
-4.4%▲
2024 · -6.4%
Current ratio
0.12▲
2024 · 0.08
Debt to equity
-23.48▼
2024 · -16.52
ROA
2.0%▲
2024 · 1.1%
Interest coverage
4.06▲
2024 · 3.91
Debt ≤ 1 year
€229,673▲
2024 · €226,064
Debt > 1 year
€222,104▼
2024 · €238,782
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 908 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit under 5% of the balance sheet
5.9% went bankrupt
3.9% stopped otherwise
89% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 908 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€436,714€435,515▼
Fixed assets21/28€418,937€408,788▼
Tangible fixed assets22/27€418,937€408,788▼
Land and buildings22€416,666€406,430▼
Furniture and vehicles24€2,271€2,357▲
Current assets29/58€17,778€26,727▲
Amounts receivable within one year40/41-€8,649
Trade receivables40-€8,649
Cash at bank and in hand54/58€17,524€17,617▲
Deferred charges and accrued income490/1€253€461▲
Equity and liabilities
Total equity and liabilities10/49€436,714€435,515▼
Equity10/15-€28,132-€19,375▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€33,132-€24,375▲
Amounts payable17/49€464,847€454,889▼
Amounts payable after more than one year17€238,782€222,104▼
Financial debts170/4€238,782€222,104▼
Amounts payable within one year42/48€226,064€229,673▲
Current portion of amounts payable after more than one year42€16,278€16,678▲
Trade debts44€818€5,301▲
Suppliers440/4€818€5,301▲
Taxes, remuneration and social security45€941€1,626▲
Taxes450/3€941€1,626▲
Other amounts payable47/48€208,028€206,068▼
Accrued charges and deferred income492/3-€3,112
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,565€14,437▼
Other operating charges640/8€3,219€3,367▲
Gross operating margin9900€29,192€34,143▲
Operating profit (loss)9901€11,408€16,339▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€6,650€7,581▲
Recurring financial charges65€6,650€7,581▲
Profit (loss) for the period before taxes9903€4,758€8,758▲
Profit (loss) for the period9904€4,758€8,758▲
Profit (loss) for the period to be appropriated9905€4,758€8,758▲
Appropriation of the result
Profit (loss) to be appropriated9906-€33,132-€24,375▲
Profit (loss) brought forward from the previous period14P-€37,890-€33,132▲

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€302€13,931€17,512€14,565€14,437▼ 0.9%
Other operating charges640/8€398€1,250€2,769€3,219€3,367▲ 4.6%
Gross operating margin9900-€3,130-€14,695€27,524€29,192€34,143▲ 17.0%
Operating profit (loss)9901-€3,830-€29,876€7,243€11,408€16,339▲ 43.2%
Financial income75/76B--€348€0--
Recurring financial income75--€348€0--
Financial charges65/66B-€4,799€6,975€6,650€7,581▲ 14.0%
Recurring financial charges65-€4,799€6,975€6,650€7,581▲ 14.0%
Profit (loss) for the period before taxes9903-€3,830-€34,675€615€4,758€8,758▲ 84.1%
Profit (loss) for the period9904-€3,830-€34,675€615€4,758€8,758▲ 84.1%
Profit (loss) for the period to be appropriated9905-€3,830-€34,675€615€4,758€8,758▲ 84.1%
Line20212022202320242025Change
Assets
Total assets20/58€21,199€456,304€445,609€436,714€435,515▼ 0.3%
Fixed assets21/28€1,698€447,959€433,502€418,937€408,788▼ 2.4%
Tangible fixed assets22/27€1,698€447,959€433,502€418,937€408,788▼ 2.4%
Land and buildings22€1,698€443,221€429,997€416,666€406,430▼ 2.5%
Furniture and vehicles24-€4,738€3,504€2,271€2,357▲ 3.8%
Current assets29/58€19,501€8,345€12,108€17,778€26,727▲ 50.3%
Amounts receivable within one year40/41€12,086€6,663€0-€8,649-
Trade receivables40€11,167€726€0-€8,649-
Other amounts receivable41€919€5,937€0---
Cash at bank and in hand54/58€7,416€1,582€11,906€17,524€17,617▲ 0.5%
Deferred charges and accrued income490/1-€100€201€253€461▲ 82.2%
Equity and liabilities
Total equity and liabilities10/49€21,199€456,304€445,609€436,714€435,515▼ 0.3%
Equity10/15€1,170-€33,506-€32,890-€28,132-€19,375▲ 31.1%
Contributions10/11€5,000€5,000€5,000€5,000€5,000=
Profit (loss) carried forward14-€3,830-€38,506-€37,890-€33,132-€24,375▲ 26.4%
Amounts payable17/49€20,029€489,809€478,500€464,847€454,889▼ 2.1%
Amounts payable after more than one year17-€270,929€255,060€238,782€222,104▼ 7.0%
Financial debts170/4-€270,929€255,060€238,782€222,104▼ 7.0%
Amounts payable within one year42/48€20,029€218,880€223,439€226,064€229,673▲ 1.6%
Current portion of amounts payable after more than one year42-€9,071€15,869€16,278€16,678▲ 2.5%
Trade debts44€348€17,506€1,263€818€5,301▲ 548%
Suppliers440/4€348€17,506€1,263€818€5,301▲ 548%
Taxes, remuneration and social security45--€830€941€1,626▲ 72.8%
Taxes450/3--€830€941€1,626▲ 72.8%
Other amounts payable47/48€19,682€192,304€205,478€208,028€206,068▼ 0.9%
Accrued charges and deferred income492/3----€3,112-
Line20212022202320242025Change
Profit (loss) for the period9904-€3,830-€34,675€615€4,758€8,758▲ 84.1%
+ Depreciation and write-downs630€302€13,931€17,512€14,565€14,437▼ 0.9%
Operating cash flow (approximation)-€3,528-€20,744€18,128€19,323€23,194▲ 20.0%
Investment in fixed assets (approximation)--€460,193-€3,055€0-€4,287-
Change in cash--€5,834€10,325€5,618€93▼ 98.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2021net €8,758 ▲84.1%
Operating result €16,339, net result €8,758, both a record.
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
13-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial Back to profitnet €615
Net result €615 after 2 loss-making years.
28-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Weakest financial yearnet -€34,675
Net result drops to -€34,675, the lowest in the series; recovery starts the following year.
04-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Sainte-Ode · 1 establishment unit since 2021
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 d'Amberloup 476680 Sainte-Ode
1 establishment unit
Rue d'Amberloup 47, 6680 Sainte-Ode
Renting and operating of own or leased residential real estate, excluding social housing
since 20212.315.416.526

Similar companies · same sector, comparable size

Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 339 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
Founded30-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
Contact
E-mail frazelle.s@skynet.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0765870725
Registered 07-07-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.