ART SHAPE INVEST
ActiveSummary
ART SHAPE INVEST has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €522k and a net result of €-21k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 1904 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-4
Solvency77▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.25 against 0.28 in 2024; short-term debt: 48.1% and cash: 1.5% of total assets), and 48.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.9%
Return on assets
-2.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-10-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
7 d early
2023
30 d late
2022
25 d late
2021
3 d early
2020
1 d early
2019
6 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€522k▼ 3.8%
2024 · €543k
2019: €377k
2020: €438k
2021: €493k
2022: €561k
2023: €539k
2024: €543k
2019 → 2025
Total assets
€1.01M▼ 6.2%
2024 · €1.07M
2019: €1.12M
2020: €1.15M
2021: €1.11M
2022: €1.10M
2023: €1.04M
2024: €1.07M
2019 → 2025
Net result
€-21k
2024 · €4k
2019: €-28k
2020: €61k
2021: €55k
2022: €68k
2023: €-22k
2024: €4k
2019 → 2025
Working capital
€-365k▲ 3.9%
2024 · €-380k
2019: €-652k
2020: €-559k
2021: €-491k
2022: €-395k
2023: €-409k
2024: €-380k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€493k-€561k▲ 13.9%€539k▼ 4.0%€543k▲ 0.8%€522k▼ 3.8%
Operating result€53k-€66k▲ 24.9%€-25k€9k€-18k
Net result€55k-€68k▲ 25.2%€-22k€4k€-21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18k after €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.01M
Fixed assets
€887k ▼ 3.9%
Current assets
€120k ▼ 20.3%
Equity and liabilities €1.01M
Equity
€522k ▼ 3.8%
Debt
€485k ▼ 8.6%
Debt's share of the balance-sheet total falls from 49.4% to 48.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19k▼
2024 · €44k
Cash flow
€17k▼
2024 · €39k
Current ratio
0.25▼
2024 · 0.28
Quick ratio
0.23▼
2024 · 0.27
Debt to equity
0.93▼
2024 · 0.98
ROE
-4.0%▼
2024 · 0.8%
ROA
-2.1%▼
2024 · 0.4%
Interest coverage
5.81▼
2024 · 7.29
Debt ≤ 1 year
€485k▼
2024 · €531k
Income taxes
€293▲
2024 · €288
Staff costs
€144k▲
2024 · €120k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.07M€1.01M▼
Fixed assets21/28€923k€887k▼
Tangible fixed assets22/27€923k€887k▼
Land and buildings22€890k€860k▼
Plant, machinery and equipment23€29k€26k▼
Furniture and vehicles24€4k€1k▼
Current assets29/58€151k€120k▼
Stocks and contracts in progress3€7k€7k▼
Stocks30/36€7k€7k▼
Amounts receivable within one year40/41€119k€76k▼
Trade receivables40€119k€76k▼
Other amounts receivable41€330-
Cash at bank and in hand54/58€17k€15k▼
Deferred charges and accrued income490/1€8k€23k▲
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.01M▼
Equity10/15€543k€522k▼
Contributions10/11€112k€112k=
Capital10€112k€112k=
Issued capital100€112k€112k=
Reserves13€89k€89k=
Non-distributable reserves130/1€33k€33k=
Legal reserve130€33k€33k=
Tax-exempt reserves132€56k€56k=
Profit (loss) carried forward14€342k€321k▼
Amounts payable17/49€531k€485k▼
Amounts payable within one year42/48€531k€485k▼
Trade debts44€115k€24k▼
Suppliers440/4€115k€24k▼
Taxes, remuneration and social security45€45k€31k▼
Taxes450/3€30k€15k▼
Remuneration and social security454/9€15k€17k▲
Other amounts payable47/48€371k€430k▲
Income statement
Code20242025
Remuneration, social security and pensions62€120k€144k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€37k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€5k€6k▲
Gross operating margin9900€172k€170k▼
Operating profit (loss)9901€9k€-18k▼
Financial income75/76B€1k€897▼
Recurring financial income75€1k€897▼
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€5k€-20k▼
Income taxes67/77€288€293▲
Profit (loss) for the period9904€4k€-21k▼
Profit (loss) for the period to be appropriated9905€4k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€342k€321k▼
Profit (loss) brought forward from the previous period14P€338k€342k▲
The notes to these accounts (4 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
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2022
25-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
31-03
Financial
Highest result since 2019net €68k ▲25.2%
Operating result €66k, net result €68k, both a record.
31-03
Financial
Equity above €500kEq €561k ▲13.9%
3 profitable years in a row build equity to €561k.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €61k
Net result €61k after one loss-making year.
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-09
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.
Directors · office · real estate
Directors
6 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, Zoersel · 1 establishment unit since 2001
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.
Graffendonk 532980 ZoerselGround area
1,510 m²
Building footprint
249 m²
Volume, LiDAR
1,443 m³
Parcel 11055B0182/00M000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ART SHAPE INVEST
since 20012.100.150.265
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11055B0182/00M000 | Flanders | 1,510 m² | 1 · 249 m² | 9.8 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.
Similar companies · same sector, comparable size
F.K.
BE 0821.095.694
Tessenderlo-Ham · Eq €521k
Technimetal Protect
BE 0831.622.966
Charleroi · Eq €525k
NF - METAL
BE 0427.427.629
Sint-Lambrechts-Woluwe · Eq €519k
GG-CONSTRUCT
BE 0471.678.930
Roeselare · Eq €527k
RAKOMA
BE 0432.101.247
Maaseik · Eq €532k
Of 908 companies in sector 25120 we hold annual accounts for 677. 534 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 formPublic limited company
Founded01-02-2001
Fiscal year end31-03
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
25401Forging of metal
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.