Financials
- Fiscal year
- 2024
- Total assets
- €4.6m
- Profit
- €520,115
- Solvency
- 48.1%
Total assets▲ 35.6%
Net result
20182024
L'ARTISAN
ActiveSummary
L'ARTISAN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.2m and a net result of €520,115. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 871 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
What they do
Artisanal bread and fresh pastry making
NACE 10712
#10 company by equity in Namur, Manufacturing sector1 site
How big
€4.6mtotal assets 2024
- Staff
- 15.2 FTE
- Equity
- €2.2m
- Profit
- €520,115
Who decides
Accounts 63 d overdue0 of 2 deeds read
Why 57Capped at 59: a confirmed filing finding- Figures for FY 2024 (filed 17-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 109 days late; 3 of the last 3 late+ Founded in 2008+ Liquidity: current ratio 2.00, cash €899,689Show the evidence
Checked score
Score 2024
57
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 74% of its sector peers (NACE 10, small)
Performance against the sector, not lower risk
A confirmed filing finding caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency
73-9
equity 48.1% of total assets
Liquidity
69-2
short-term debt 19.4% · cash 19.7%
Profitability
83+2
return on assets 11.4%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Figures for FY 2024 (filed 17-11-2025) raises the probability
- Founded in 2008 lowers the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 109 days late; 3 of the last 3 late raises the probability
- Liquidity: current ratio 2.00, cash €899,689 lowers the probability
Credit up to €120,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.0 against 1.35 in 2023; short-term debt: 19.4% and cash: 19.7% of total assets), but 51.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, small). Better than this share of them on solvency 64%, liquidity 87%, profitability 79%, growth against the median 69%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-11-2025, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
109 d late
2023
193 d late
2022
71 d late
2021
144 d late
2020
163 d late
2019
138 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 136 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · full…
- Annual accounts filedfiscal year 2023 · full…
- Highest result since 2018net €520,115 ▲63.5%
Key points
By topic
Timeline
- Events
- 13
- Since
- 2016
- 17-11-2025Annual accounts filed
- 09-02-2025Annual accounts filed
- 31-12-2024Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Artisanal bread and fresh pastry makingNACE 10712
- Founded
- 28-04-2008
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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