ART ET ARDOISES
ActiveSummary
ART ET ARDOISES has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.18M and a net result of €473k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 42% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-9
Solvency63▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 2.24 in 2024; short-term debt: 58% and cash: 29.1% of total assets), and 62.4% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
37.6%
Return on assets
15%
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 · 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 · 10 filingsDeviation from the deadline
2025
16 d early
2024
29 d early
2023
14 d early
2022
on the day
2021
31 d late
2020
1 d early
2019
32 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€473k▼ 26.9%
2024 · €647k
2018: €311k
2019: €283k
2020: €254k
2021: €180k
2022: €286k
2023: €628k
2024: €647k
2018 → 2025
Working capital
€793k▼ 37.6%
2024 · €1.27M
2018: €314k
2019: €607k
2020: €567k
2021: €687k
2022: €924k
2023: €1.12M
2024: €1.27M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€950k-€1.24M▲ 30.1%€1.56M▲ 26.5%€1.71M▲ 9.4%€1.18M▼ 30.8%
Operating result€237k-€380k▲ 60.6%€849k▲ 123%€860k▲ 1.4%€661k▼ 23.2%
Net result€180k-€286k▲ 58.8%€628k▲ 119%€647k▲ 3.0%€473k▼ 26.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.15M
Fixed assets
€532k ▼ 15.2%
Current assets
€2.62M ▲ 14.2%
Equity and liabilities €3.15M
Equity
€1.18M ▼ 30.8%
Debt
€1.97M ▲ 62.5%
Debt's share of the balance-sheet total rises from 41.5% to 62.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€777k▼
2024 · €972k
Cash flow
€589k▼
2024 · €758k
Current ratio
1.43▼
2024 · 2.24
Quick ratio
1.39▼
2024 · 2.18
Debt to equity
1.66▲
2024 · 0.71
ROE
39.9%▲
2024 · 37.8%
ROA
15.0%▼
2024 · 22.1%
Interest coverage
20.29▼
2024 · 42.15
Debt ≤ 1 year
€1.83M▲
2024 · €1.02M
Debt > 1 year
€95k▼
2024 · €113k
Income taxes
€160k▼
2024 · €219k
Staff costs
€1.00M▲
2024 · €893k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.92M€3.15M▲
Fixed assets21/28€628k€532k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€628k€532k▼
Land and buildings22€295k€284k▼
Plant, machinery and equipment23€231k€177k▼
Furniture and vehicles24€102k€71k▼
Financial fixed assets28€90€90=
Current assets29/58€2.30M€2.62M▲
Stocks and contracts in progress3€68k€83k▲
Stocks30/36€68k€83k▲
Amounts receivable within one year40/41€782k€775k▼
Trade receivables40€307k€550k▲
Other amounts receivable41€475k€225k▼
Current investments50/53€0€798k▲
Cash at bank and in hand54/58€1.37M€919k▼
Deferred charges and accrued income490/1€79k€47k▼
Equity and liabilities
Total equity and liabilities10/49€2.92M€3.15M▲
Equity10/15€1.71M€1.18M▼
Contributions10/11€19k€19k=
Reserves13€1.69M€1.17M▼
Distributable reserves133€1.69M€1.17M▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.21M€1.97M▲
Amounts payable after more than one year17€113k€95k▼
Financial debts170/4€113k€95k▼
Amounts payable within one year42/48€1.02M€1.83M▲
Current portion of amounts payable after more than one year42€18k€19k▲
Trade debts44€162k€145k▼
Suppliers440/4€162k€145k▼
Taxes, remuneration and social security45€100k€126k▲
Taxes450/3€0€22k▲
Remuneration and social security454/9€100k€104k▲
Other amounts payable47/48€745k€1.54M▲
Accrued charges and deferred income492/3€75k€46k▼
Income statement
Code20242025
Remuneration, social security and pensions62€893k€1.00M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111k€116k▲
Other operating charges640/8€8k€7k▼
Non-recurring operating charges66A€10k€0▼
Gross operating margin9900€1.88M€1.78M▼
Operating profit (loss)9901€860k€661k▼
Financial income75/76B€28k€10k▼
Recurring financial income75€28k€10k▼
Financial charges65/66B€23k€38k▲
Recurring financial charges65€23k€38k▲
Profit (loss) for the period before taxes9903€866k€633k▼
Income taxes67/77€219k€160k▼
Profit (loss) for the period9904€647k€473k▼
Profit (loss) for the period to be appropriated9905€647k€473k▼
Appropriation of the result
Profit (loss) to be appropriated9906€647k€473k▼
Transfer from equity791/2-€527k
Transfer to equity691/2€147k€0▼
To other reserves6921€147k€0▼
Profit to be distributed694/7€500k€1.00M▲
Return on contributions (dividend)694€500k€1.00M▲
Social balance
Average headcount (FTE)908715.816.3▲
The notes to these accounts (22 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €647k ▲3%
Operating result €860k, net result €647k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1MEq €1.24M ▲30.1%
5 profitable years in a row build equity to €1.24M.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €180k ▼29%
Net result drops to €180k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Tinlot · 2 establishment units since 2014
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 du Bois de Soheit 14557 TinlotGround area
3.2 ha
Building footprint
2,028 m²
Volume, LiDAR
8,866 m³
3 parcels, Wallonia · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Rue du Zoning 1, 4557 Tinlot
since 20142.232.451.040
Rue de la Blanchisserie,Liernu 28A, 5310 Eghezée
since 20242.362.021.462
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61057B0011/00S002 | Wallonia | 2.7 ha | 1 · 8 m² | 21.2 m · 6 fl. |
| 61057D0019/00R003 | Wallonia | 3,919 m² | 1 · 1,326 m² | 8.1 m · 2 fl. |
| 92073A0140/00D000 | Wallonia | 1,219 m² | 1 · 693 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
8 categoriesART ET ARDOISES SRL40785
Similar companies · same sector, comparable size
DAKWERKEN SCHOLLIER DENNY
BE 0885.767.970
Torhout · Eq €1,185,205
KOEN RICAERT
BE 0542.394.997
Waregem · Eq €1,188,382
VIART
BE 0455.468.151
Saint-Ghislain · Eq €1,178,832
Maveau
BE 0466.166.063
Oostkamp · Eq €1,193,062
Dakinvest
BE 0845.111.609
Evergem · Eq €1,196,979
Of 8,561 companies in sector 43410 we hold annual accounts for 4,357. 1,844 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43410Roofing work
42212Civil engineering
43110Demolition
43120Site preparation
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
43310Plastering work
43320Joinery installation
43332Laying of wooden floor and wall coverings
43421Specialised construction activities
43422Screed work
43990Other specialised construction activities
46130Agents in the wholesale of timber and building materials
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.