SED ARTE
ActiveSummary
SED ARTE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €2k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-10
Solvency100=
Growth37▲+1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 15.07 against 12.47 in 2024; short-term debt: 6.5% and cash: 64.9% of total assets), and 8.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
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
91.5%
Return on assets
6.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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
18 d late
2024
1 d early
2023
12 d late
2022
6 d late
2021
31 d late
2020
2 d late
2019
25 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€18k▼ 5.6%
2024 · €19k
2018: €33khighest in 8 years
2019: €25k▼ -25.7% vs 2018
2020: €26k▲ +5.5% vs 2019
2021: €15k▼ -42.0% vs 2020
2022: €14k▼ -10.6% vs 2021lowest in 8 years
2023: €16k▲ +18.9% vs 2022
2024: €19k▲ +17.5% vs 2023
2025: €18k▼ -5.6% vs 2024
2018 → 2025
EBIT margin
18.7%▼ 19.3pp
2024 · 37.9%
2018: 31.2%
2019: 13.6%▼ -56.4% vs 2018
2020: 23.2%▲ +70.5% vs 2019
2021: 7.2%▼ -68.9% vs 2020lowest in 8 years
2022: 20.4%▲ +182% vs 2021
2023: 12.0%▼ -41.0% vs 2022
2024: 37.9%▲ +215% vs 2023highest in 8 years
2025: 18.7%▼ -50.8% vs 2024
2018 → 2025
Net result
€2k▼ 64.3%
2024 · €5k
2018: €6khighest in 8 years
2019: €2k▼ -59.5% vs 2018
2020: €4k▲ +68.3% vs 2019
2021: €397▼ -90.3% vs 2020lowest in 8 years
2022: €1k▲ +267% vs 2021
2023: €868▼ -40.4% vs 2022
2024: €5k▲ +422% vs 2023
2025: €2k▼ -64.3% vs 2024
2018 → 2025
Working capital
€23k▼ 0.9%
2024 · €24k
2018: €14klowest in 8 years
2019: €15k▲ +8.1% vs 2018
2020: €15k▲ +0.9% vs 2019
2021: €18k▲ +24.3% vs 2020
2022: €17k▼ -6.5% vs 2021
2023: €19k▲ +12.4% vs 2022
2024: €24k▲ +22.2% vs 2023highest in 8 years
2025: €23k▼ -0.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€15k-€14k▼ 10.6%€16k▲ 18.9%€19k▲ 17.5%€18k▼ 5.6%
2021: €15k
2022: €14k▼ -10.6% vs 2021lowest in 5 years
2023: €16k▲ +18.9% vs 2022
2024: €19k▲ +17.5% vs 2023highest in 5 years
2025: €18k▼ -5.6% vs 2024
Equity€17k-€19k▲ 8.4%€20k▲ 4.6%€24k▲ 23.1%€23k▼ 3.4%
2021: €17klowest in 5 years
2022: €19k▲ +8.4% vs 2021
2023: €20k▲ +4.6% vs 2022
2024: €24k▲ +23.1% vs 2023highest in 5 years
2025: €23k▼ -3.4% vs 2024
Operating result€1k-€3k▲ 152%€2k▼ 29.9%€7k▲ 271%€3k▼ 53.6%
2021: €1klowest in 5 years
2022: €3k▲ +152% vs 2021
2023: €2k▼ -29.9% vs 2022
2024: €7k▲ +271% vs 2023highest in 5 years
2025: €3k▼ -53.6% vs 2024
Net result€397-€1k▲ 267%€868▼ 40.4%€5k▲ 422%€2k▼ 64.3%
2021: €397lowest in 5 years
2022: €1k▲ +267% vs 2021
2023: €868▼ -40.4% vs 2022
2024: €5k▲ +422% vs 2023highest in 5 years
2025: €2k▼ -64.3% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25k
Fixed assets
€463 ▼ 19.9%
Current assets
€25k ▼ 2.3%
Equity and liabilities €25k
Equity
€23k ▼ 3.4%
Debt
€2k ▲ 5.2%
Debt's share of the balance-sheet total rises from 7.8% to 8.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▼
2024 · €8k
Cash flow
€2k▼
2024 · €5k
Current ratio
15.07▲
2024 · 12.47
Debt to equity
0.09▲
2024 · 0.09
ROE
6.9%▼
2024 · 18.8%
ROA
6.3%▼
2024 · 17.3%
Interest coverage
30.00▼
2024 · 48.31
Debt ≤ 1 year
€2k▼
2024 · €2k
Income taxes
€2k▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€26k€25k▼
Fixed assets21/28€578€463▼
Tangible fixed assets22/27€578€463▼
Furniture and vehicles24€578€463▼
Current assets29/58€26k€25k▼
Amounts receivable after more than one year29€1k-
Other amounts receivable291€1k-
Amounts receivable within one year40/41€9k€8k▼
Trade receivables40€9k€8k▼
Other amounts receivable41€19€64▲
Cash at bank and in hand54/58€16k€17k▲
Equity and liabilities
Total equity and liabilities10/49€26k€25k▼
Equity10/15€24k€23k▼
Contributions10/11€6k€6k=
Reserves13€18k€17k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€16k€15k▼
Amounts payable17/49€2k€2k▲
Amounts payable within one year42/48€2k€2k▼
Taxes, remuneration and social security45€2k€845▼
Taxes450/3€2k€845▼
Other amounts payable47/48-€813
Accrued charges and deferred income492/3-€500
Income statement
Code20242025
Turnover70€19k€18k▼
Goods, raw materials, services and sundry goods60/61€10k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€503€116▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€9k€5k▼
Operating profit (loss)9901€7k€3k▼
Financial income75/76B€27€16▼
Recurring financial income75€27€16▼
Financial charges65/66B€159€115▼
Recurring financial charges65€159€115▼
Profit (loss) for the period before taxes9903€7k€3k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€5k€2k▼
Profit (loss) for the period to be appropriated9905€5k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€2k▼
Transfer from equity791/2-€2k
Transfer to equity691/2€5k€2k▼
To other reserves6921€5k€2k▼
Profit to be distributed694/7-€2k
Directors or managers695-€2k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €15k | €14k | €16k | €19k | €18k | ▼ 5.6% |
| Goods, raw materials, services and sundry goods60/61 | €9k | €10k | €13k | €10k | €13k | ▲ 32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €629 | €315 | €512 | €503 | €116 | ▼ 76.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3k | - | - | - | - | - |
| Other operating charges640/8 | €1k | €469 | €1k | €1k | €1k | ▼ 8.0% |
| Gross operating margin9900 | €6k | €4k | €4k | €9k | €5k | ▼ 48.9% |
| Operating profit (loss)9901 | €1k | €3k | €2k | €7k | €3k | ▼ 53.6% |
| Financial income75/76B | €21 | €3 | €15 | €27 | €16 | ▼ 40.7% |
| Recurring financial income75 | €21 | €3 | €15 | €27 | €16 | ▼ 40.7% |
| Financial charges65/66B | €140 | €131 | €131 | €159 | €115 | ▼ 27.7% |
| Recurring financial charges65 | €140 | €131 | €131 | €159 | €115 | ▼ 27.7% |
| Profit (loss) for the period before taxes9903 | €975 | €3k | €2k | €7k | €3k | ▼ 54.1% |
| Income taxes67/77 | €578 | €1k | €953 | €3k | €2k | ▼ 35.7% |
| Profit (loss) for the period9904 | €397 | €1k | €868 | €5k | €2k | ▼ 64.3% |
| Profit (loss) for the period to be appropriated9905 | €397 | €1k | €868 | €5k | €2k | ▼ 64.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25k | €26k | €26k | €26k | €25k | ▼ 2.7% |
| Fixed assets21/28 | €1k | €2k | €1k | €578 | €463 | ▼ 19.9% |
| Tangible fixed assets22/27 | €1k | €2k | €1k | €578 | €463 | ▼ 19.9% |
| Plant, machinery and equipment23 | - | €404 | €197 | - | - | - |
| Furniture and vehicles24 | €1k | €1k | €884 | €578 | €463 | ▼ 19.9% |
| Current assets29/58 | €24k | €25k | €25k | €26k | €25k | ▼ 2.3% |
| Amounts receivable after more than one year29 | - | - | - | €1k | - | - |
| Other amounts receivable291 | - | - | - | €1k | - | - |
| Amounts receivable within one year40/41 | €9k | €10k | €10k | €9k | €8k | ▼ 2.8% |
| Trade receivables40 | €7k | €10k | €9k | €9k | €8k | ▼ 3.3% |
| Other amounts receivable41 | €2k | €2 | €1k | €19 | €64 | ▲ 237% |
| Current investments50/53 | - | €15k | - | - | - | - |
| Cash at bank and in hand54/58 | €15k | - | €15k | €16k | €17k | ▲ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25k | €26k | €26k | €26k | €25k | ▼ 2.7% |
| Equity10/15 | €17k | €19k | €20k | €24k | €23k | ▼ 3.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €12k | - | - | - | - | - |
| Reserves13 | €11k | €13k | €13k | €18k | €17k | ▼ 4.6% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €9k | €11k | €12k | €16k | €15k | ▼ 5.1% |
| Amounts payable17/49 | €8k | €7k | €7k | €2k | €2k | ▲ 5.2% |
| Amounts payable within one year42/48 | €5k | €7k | €6k | €2k | €2k | ▼ 19.2% |
| Trade debts44 | €29 | €412 | €565 | - | - | - |
| Suppliers440/4 | €29 | €412 | €565 | - | - | - |
| Taxes, remuneration and social security45 | €40 | €905 | €582 | €2k | €845 | ▼ 58.8% |
| Taxes450/3 | €40 | €905 | €582 | €2k | €845 | ▼ 58.8% |
| Other amounts payable47/48 | €5k | €6k | €5k | - | €813 | - |
| Accrued charges and deferred income492/3 | €3k | - | €750 | - | €500 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €397 | €1k | €868 | €5k | €2k | ▼ 64.3% |
| + Depreciation and write-downs630 | €629 | €315 | €512 | €503 | €116 | ▼ 76.9% |
| Operating cash flow (approximation) | €1k | €2k | €1k | €5k | €2k | ▼ 65.6% |
| Investment in fixed assets (approximation) | - | €-413 | €1 | €0 | €-1 | - |
| Change in cash | - | - | - | €821 | €803 | ▼ 2.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 12.47
Current ratio from 4.20 to 12.47; short-term debt falls from €6k to €2k.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
06-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 6 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €397 ▼90.3%
Net result drops to €397, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 4.39
Current ratio from 2.08 to 4.39; short-term debt falls from €14k to €5k.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Kruisem · 1 establishment unit since 2009
Ground area
3,463 m²
Building footprint
423 m²
Volume, LiDAR
3,835 m³
2 parcels, Flanders · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Ferdinand Lousbergskaai 36, 9000 Gent
since 20092.175.594.687
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45017B0248/00F000 | Flanders | 3,238 m² | 1 · 250 m² | 11.2 m · 3 fl. |
| 44804D3670/00B004 | Flanders | 225 m² | 1 · 174 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 239 EUR awarded · 239 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 60 EUR | 60 EUR |
| 2023 | 1 | 60 EUR | 60 EUR |
| 2022 | 1 | 119 EUR | 119 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,511. 2,337 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
Founded14-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
Contact
E-mail
gretavanb@gmail.comGent
Phone
09/224.40.36Gent
Scores and ratios are computed by Checked and are not a credit decision.