SA Artsen
ActiveSA Artsen has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.01M and a net result of €369k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 2324 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-1
Solvency79▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 2.22 against 2.5 in 2024; short-term debt: 9% and cash: 2.2% of total assets), and 46% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54%
Return on assets
9.9%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
25 d late
2023
40 d late
2022
46 d late
2021
31 d late
2020
88 d late
2019
70 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.11M
EBIT margin
47.7%
Net result
€369k▼ 3.3%
2024 · €382k
2018: €98k
2019: €203k
2020: €337k
2021: €333k
2022: €259k
2023: €338k
2024: €382k
2018 → 2025
Working capital
€408k▼ 11.6%
2024 · €461k
2018: €253k
2019: €273k
2020: €443k
2021: €400k
2022: €122k
2023: €196k
2024: €461k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.25M-€1.43M▲ 14.5%€1.63M▲ 13.8%€2.01M▲ 23.4%€2.01M▼ 0.1%
Operating result€513k-€417k▼ 18.6%€498k▲ 19.3%€566k▲ 13.6%€561k▼ 0.9%
Net result€333k-€259k▼ 22.1%€338k▲ 30.2%€382k▲ 13.1%€369k▼ 3.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.72M
Fixed assets
€2.98M▲ 9.5%
Current assets
€743k▼ 3.5%
Equity and liabilities €3.72M
Equity
€2.01M▼ 0.1%
Provisions
€10k=
Debt
€1.70M▲ 15.8%
The debt ratio rises from 42.1% to 45.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€746k▲
2024 · €712k
Cash flow
€554k▲
2024 · €528k
Solvency
54.0%▼
2024 · 57.6%
Current ratio
2.22▼
2024 · 2.50
Quick ratio
2.22▼
2024 · 2.50
Debt / equity
0.85▲
2024 · 0.73
ROE
18.4%▼
2024 · 19.0%
ROA
9.9%▼
2024 · 10.9%
Interest coverage
28.54▲
2024 · 25.30
Debt
€1.70M▲
2024 · €1.47M
Debt ≤ 1 year
€335k▲
2024 · €308k
Debt > 1 year
€1.36M▲
2024 · €1.16M
Income taxes
€170k▲
2024 · €166k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.49M€3.72M▲
Fixed assets21/28€2.72M€2.98M▲
Tangible fixed assets22/27€2.72M€2.98M▲
Land and buildings22€2.64M€2.91M▲
Plant, machinery and equipment23€322€2k▲
Furniture and vehicles24€84k€68k▼
Financial fixed assets28€770€770=
Current assets29/58€770k€743k▼
Amounts receivable after more than one year29€180k€0▼
Other amounts receivable291€180k€0▼
Amounts receivable within one year40/41€50k€52k▲
Trade receivables40€18k€21k▲
Other amounts receivable41€31k€31k=
Current investments50/53€255k€450k▲
Cash at bank and in hand54/58€133k€80k▼
Deferred charges and accrued income490/1€152k€160k▲
Equity and liabilities
Total equity and liabilities10/49€3.49M€3.72M▲
Equity10/15€2.01M€2.01M▼
Contributions10/11€12k€12k=
Reserves13€2.00M€2.00M▼
Tax-exempt reserves132€148k€148k=
Distributable reserves133€1.85M€1.85M▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€10k€10k=
Provisions for liabilities and charges160/5€10k€10k=
Pensions and similar obligations160€10k€10k=
Amounts payable17/49€1.47M€1.70M▲
Amounts payable after more than one year17€1.16M€1.36M▲
Financial debts170/4€1.16M€1.36M▲
Amounts payable within one year42/48€308k€335k▲
Current portion of amounts payable after more than one year42€183k€194k▲
Trade debts44€20k€4k▼
Suppliers440/4€20k€4k▼
Taxes, remuneration and social security45€105k€101k▼
Taxes450/3€105k€101k▼
Other amounts payable47/48€335€36k▲
Accrued charges and deferred income492/3€6k€6k▼
Income statement
Code20242025
Non-recurring operating income76A€18k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146k€185k▲
Other operating charges640/8€12k€12k▲
Gross operating margin9900€724k€758k▲
Operating profit (loss)9901€566k€561k▼
Financial income75/76B€11k€5k▼
Recurring financial income75€11k€5k▼
Financial charges65/66B€28k€26k▼
Recurring financial charges65€28k€26k▼
Profit (loss) for the period before taxes9903€548k€540k▼
Income taxes67/77€166k€170k▲
Profit (loss) for the period9904€382k€369k▼
Transfer to tax-exempt reserves689€126k€0▼
Profit (loss) for the period to be appropriated9905€256k€369k▲
Appropriation of the result
Profit (loss) to be appropriated9906€256k€369k▲
Transfer from equity791/2€0€371k▲
Transfer to equity691/2€256k€369k▲
To other reserves6921€256k€369k▲
Profit to be distributed694/7€0€371k▲
Return on contributions (dividend)694€0€371k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €382k ▲13.1%
Operating result €566k, net result €382k, both a record.
31-12
Financial
Equity above €2MEq €2.01M ▲23.4%
7 profitable years in a row build equity to €2.01M.
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 40 days late
2023
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 46 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
31-12
Financial
Equity above €1MEq €1.06M ▲46.9%
3 profitable years in a row build equity to €1.06M.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 54 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Roeselare · 1 establishment unit since 2008
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.
Hoogleedsesteenweg 4338800 RoeselareGround area
4,188 m²
Building footprint
475 m²
Volume, LiDAR
2,347 m³
Parcel 36504D0215/00X000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dr. An Verbrugghe & Dr. Steven Vervaeke
since 20082.189.506.170
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36504D0215/00X000 | Flanders | 4,188 m² | 1 · 475 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,628 companies in sector 86220 we hold annual accounts for 7,973. 4,624 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2008
Fiscal year end31-12
Activities, NACEBEL
86220Specialist medical practice
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.