The Artist

Active

Private limited companyfounded 20233 yrs activeHeibaan 82, 2235 Hulshout, BelgiumKBO/BCE: BE 0802.519.206

The Artist has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174k and a net result of €85k. Its solvency ranks better than 63% of 11238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

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Checked score

Score 2025

73 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+51

Solvency83▲+26

Growth78

Track record94

Bankruptcy probability, 12 months

1.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €12k at 30 days acceptable

Liquidity ample (current ratio 2.49 against 1.45 in 2024; short-term debt: 35.9% and cash: 15.7% of total assets), and 41.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

58.4%

Return on assets

28.7%

Age of the figures

9 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

4 d early

2024

24 d early

← before the deadline after the deadline →

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

18-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€174k▲ 96.3%

2024 · €89k

2024: €89k

2024 → 2025

Total assets

€298k▲ 8.9%

2024 · €273k

2024: €273k

2024 → 2025

Net result

€85k▲ 528%

2024 · €14k

2024: €14k

2024 → 2025

Working capital

€159k▲ 89.5%

2024 · €84k

2024: €84k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€89k-€174k▲ 96.3%

Operating result€29k-€121k▲ 320%

Net result€14k-€85k▲ 528%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 320% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €298k

11%

89.4%

Fixed assets €32k▲ 582%

Current assets €266k▼ 1.0%

Equity and liabilities €298k

58.4%

41.6%

Equity €174k▲ 96.3%

Debt €124k▼ 33.0%

The debt ratio falls from 67.6% to 41.6%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€122k▲

2024 · €32k

Cash flow

€87k▲

2024 · €17k

Solvency

58.4%▲

2024 · 32.4%

Current ratio

2.49▲

2024 · 1.45

Quick ratio

0.58▲

2024 · 0.41

Debt / equity

0.71▼

2024 · 2.08

ROE

49.1%▲

2024 · 15.3%

ROA

28.7%▲

2024 · 5.0%

Interest coverage

9.49▲

2024 · 2.84

Debt

€124k▼

2024 · €185k

Debt ≤ 1 year

€107k▼

2024 · €185k

Debt > 1 year

€17k

Income taxes

€22k▲

2024 · €4k

Staff costs

€14k

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€273k€298k▲

Fixed assets21/28€5k€32k▲

Tangible fixed assets22/27€872€28k▲

Plant, machinery and equipment23€872€271▼

Furniture and vehicles24-€28k

Financial fixed assets28€4k€4k=

Current assets29/58€269k€266k▼

Stocks and contracts in progress3€194k€204k▲

Stocks30/36€194k€204k▲

Amounts receivable within one year40/41€39k€15k▼

Trade receivables40€37k€12k▼

Other amounts receivable41€2k€3k▲

Cash at bank and in hand54/58€36k€47k▲

Deferred charges and accrued income490/1-€627

Equity and liabilities

Total equity and liabilities10/49€273k€298k▲

Equity10/15€89k€174k▲

Contributions10/11€75k€75k=

Reserves13€14k€99k▲

Distributable reserves133€14k€99k▲

Amounts payable17/49€185k€124k▼

Amounts payable after more than one year17-€17k

Financial debts170/4-€17k

Amounts payable within one year42/48€185k€107k▼

Current portion of amounts payable after more than one year42-€5k

Trade debts44€175k€68k▼

Suppliers440/4€175k€68k▼

Taxes, remuneration and social security45€8k€32k▲

Taxes450/3€6k€31k▲

Remuneration and social security454/9€2k€1k▼

Other amounts payable47/48€1k€1k▼

Income statement Code20242025

Remuneration, social security and pensions62-€14k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼

Other operating charges640/8€2k€1k▼

Non-recurring operating charges66A€20k€0▼

Gross operating margin9900€54k€137k▲

Operating profit (loss)9901€29k€121k▲

Financial income75/76B€35€0▼

Recurring financial income75€35€0▼

Financial charges65/66B€11k€13k▲

Recurring financial charges65€11k€13k▲

Profit (loss) for the period before taxes9903€17k€108k▲

Income taxes67/77€4k€22k▲

Profit (loss) for the period9904€14k€85k▲

Profit (loss) for the period to be appropriated9905€14k€85k▲

Appropriation of the result

Profit (loss) to be appropriated9906€14k€85k▲

Transfer to equity691/2€14k€85k▲

To other reserves6921€14k€85k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Equity above €150kEq €174k ▲96.3%

2 profitable years in a row build equity to €174k.

07-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Hulshout · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Heibaan 822235 Hulshout

Ground area

4,012 m²

Building footprint

101 m²

Volume, LiDAR

584 m³

2 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

The Artist

Bedrijvenstraat 5, 2235 HulshoutWholesale trade

since 20232.345.894.025

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13016B0006/00D018	Flanders	3,405 m²	-	-
13016B0028/00D002	Flanders	607 m²	1 · 101 m²	10.0 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.

Similar companies · same sector, comparable size

Heist-op-den-Berg · Eq €170k

Verven en Vernissen P. Koeck

Libramont-Chevigny · Eq €181k

TIELT PAINT

BE 0553.646.702

Deinze · Eq €191k

Of 230 companies in sector 46833 we hold annual accounts for 143. 106 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded08-06-2023

Fiscal year end31-12

Activities, NACEBEL

46833Wholesale trade

46499Wholesale of other household goods

47120Other non-specialised retail sale

47910Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.