ARTEA
ActiveSummary
ARTEA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €713k and a net result of €15k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 27% of 2095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability30▼-20
Solvency45▲+4
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.46 in 2023; short-term debt: 54.3% and cash: 17.8% of total assets), but 80.1% 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+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
not confirmed
2024
30 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
34 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€9.60M▼ 15.9%
2019 · €11.42M
2019: €11.42M
2020: €9.60M▼ -15.9% vs 2019
2019 → 2020
EBIT margin
1.1%▲ 0.1pp
2019 · 1.0%
2019: 1.0%
2020: 1.1%▲ +6.7% vs 2019
2019 → 2020
Net result
€15k
2023 · €-126k
2018: €3k
2019: €11k▲ +226% vs 2018
2020: €11k▼ -1.8% vs 2019
2021: €2k▼ -81.0% vs 2020
2022: €18k▲ +741% vs 2021highest in 7 years
2023: €-126k▼ -818% vs 2022lowest in 7 years
2024: €15k▲ +112% vs 2023
2018 → 2024
Working capital
€1.60M▲ 17.0%
2023 · €1.37M
2018: €994klowest in 7 years
2019: €1.21M▲ +21.8% vs 2018
2020: €2.41M▲ +98.6% vs 2019highest in 7 years
2021: €1.91M▼ -20.5% vs 2020
2022: €1.79M▼ -6.3% vs 2021
2023: €1.37M▼ -23.6% vs 2022
2024: €1.60M▲ +17.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€9.60M-
Equity€804k-€806k▲ 0.3%€824k▲ 2.2%€698k▼ 15.3%€713k▲ 2.2%
2020: €804k
2021: €806k▲ +0.3% vs 2020
2022: €824k▲ +2.2% vs 2021highest in 5 years
2023: €698k▼ -15.3% vs 2022lowest in 5 years
2024: €713k▲ +2.2% vs 2023
Operating result€107k-€97k▼ 9.0%€25k▼ 74.7%€106k▲ 331%€35k▼ 66.8%
2020: €107khighest in 5 years
2021: €97k▼ -9.0% vs 2020
2022: €25k▼ -74.7% vs 2021lowest in 5 years
2023: €106k▲ +331% vs 2022
2024: €35k▼ -66.8% vs 2023
Net result€11k-€2k▼ 81.0%€18k▲ 741%€-126k€15k
2020: €11k
2021: €2k▼ -81.0% vs 2020
2022: €18k▲ +741% vs 2021highest in 5 years
2023: €-126k▼ -818% vs 2022lowest in 5 years
2024: €15k▲ +112% vs 2023
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 67% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.58M
Fixed assets
€35k ▼ 35.8%
Current assets
€3.54M ▼ 18.1%
Equity and liabilities €3.58M
Equity
€713k ▲ 2.2%
Provisions
€55k ▼ 38.3%
Debt
€2.81M ▼ 21.8%
Debt's share of the balance-sheet total falls from 82.0% to 78.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▼
2023 · €148k
Cash flow
€42k▲
2023 · €-84k
Current ratio
1.82▲
2023 · 1.46
Quick ratio
1.19▲
2023 · 0.78
Debt to equity
3.94▼
2023 · 5.15
ROE
2.1%▲
2023 · -18.0%
ROA
0.4%▲
2023 · -2.9%
Interest coverage
1.29▼
2023 · 4.21
Debt ≤ 1 year
€1.94M▼
2023 · €2.96M
Debt > 1 year
€557k▼
2023 · €634k
Income taxes
€28k▼
2023 · €141k
Staff costs
€609k▼
2023 · €771k
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 · 2024 against 2023 · 64 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.38M€3.58M▼
Fixed assets21/28€55k€35k▼
Tangible fixed assets22/27€55k€35k▼
Land and buildings22€14k€6k▼
Plant, machinery and equipment23€718€20▼
Furniture and vehicles24€39k€29k▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€400€400=
Current assets29/58€4.32M€3.54M▼
Stocks and contracts in progress3€2.03M€1.22M▼
Stocks30/36€952k€506k▼
Contracts in progress37€1.07M€718k▼
Amounts receivable within one year40/41€1.70M€1.38M▼
Trade receivables40€1.60M€910k▼
Other amounts receivable41€107k€470k▲
Current investments50/53€300k€300k=
Cash at bank and in hand54/58€276k€638k▲
Deferred charges and accrued income490/1€19k€755▼
Equity and liabilities
Total equity and liabilities10/49€4.38M€3.58M▼
Equity10/15€698k€713k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€629k€645k▲
Provisions and deferred taxes16€89k€55k▼
Provisions for liabilities and charges160/5€89k€55k▼
Other liabilities and charges164/5€89k€55k▼
Amounts payable17/49€3.59M€2.81M▼
Amounts payable after more than one year17€634k€557k▼
Financial debts170/4€634k€557k▼
Amounts payable within one year42/48€2.96M€1.94M▼
Current portion of amounts payable after more than one year42€32k€27k▼
Financial debts43€655k€655k=
Credit institutions430/8€200k€200k=
Other loans439€455k€455k=
Trade debts44€1.72M€845k▼
Suppliers440/4€1.72M€845k▼
Advances received on contracts in progress46-€350k
Taxes, remuneration and social security45€110k€55k▼
Taxes450/3€26k-
Remuneration and social security454/9€84k€55k▼
Other amounts payable47/48€434k€9k▼
Accrued charges and deferred income492/3€3k€311k▲
Income statement
Code20232024
Remuneration, social security and pensions62€771k€609k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€27k▼
Other operating charges640/8€24k€273k▲
Gross operating margin9900€943k€944k▲
Operating profit (loss)9901€106k€35k▼
Financial income75/76B€75k€57k▼
Recurring financial income75€33k€57k▲
Non-recurring financial income76B€43k-
Financial charges65/66B€166k€49k▼
Recurring financial charges65€35k€49k▲
Non-recurring financial charges66B€131k-
Profit (loss) for the period before taxes9903€15k€43k▲
Income taxes67/77€141k€28k▼
Profit (loss) for the period9904€-126k€15k▲
Profit (loss) for the period to be appropriated9905€-126k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€629k€645k▲
Profit (loss) brought forward from the previous period14P€755k€629k▼
Social balance
Average headcount (FTE)908711.17.5▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €9.60M | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €13k | - | - | - |
| Remuneration, social security and pensions62 | - | €635k | €668k | €771k | €609k | ▼ 21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €26k | €38k | €42k | €27k | ▼ 35.3% |
| Other operating charges640/8 | - | €14k | €8k | €24k | €273k | ▲ 1,026% |
| Non-recurring operating charges66A | - | - | €18k | - | - | - |
| Gross operating margin9900 | - | €772k | €757k | €943k | €944k | ▲ 0.1% |
| Operating profit (loss)9901 | €107k | €97k | €25k | €106k | €35k | ▼ 66.8% |
| Financial income75/76B | - | €14k | €48k | €75k | €57k | ▼ 25.0% |
| Recurring financial income75 | €24k | €14k | €48k | €33k | €57k | ▲ 73.5% |
| Non-recurring financial income76B | - | - | - | €43k | - | - |
| Financial charges65/66B | - | €87k | €48k | €166k | €49k | ▼ 70.7% |
| Recurring financial charges65 | €98k | €87k | €48k | €35k | €49k | ▲ 37.9% |
| Debt charges650 | €84k | - | - | - | - | - |
| Non-recurring financial charges66B | - | - | - | €131k | - | - |
| Profit (loss) for the period before taxes9903 | €33k | €24k | €24k | €15k | €43k | ▲ 182% |
| Income taxes67/77 | €22k | €22k | €7k | €141k | €28k | ▼ 80.1% |
| Profit (loss) for the period9904 | €11k | €2k | €18k | €-126k | €15k | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €11k | €2k | €18k | €-126k | €15k | ▲ 112% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.92M | €4.69M | €4.97M | €4.38M | €3.58M | ▼ 18.3% |
| Fixed assets21/28 | €93k | €68k | €96k | €55k | €35k | ▼ 35.8% |
| Tangible fixed assets22/27 | €92k | €67k | €96k | €55k | €35k | ▼ 36.0% |
| Land and buildings22 | - | €51k | €32k | €14k | €6k | ▼ 57.0% |
| Plant, machinery and equipment23 | - | €15k | €8k | €718 | €20 | ▼ 97.3% |
| Furniture and vehicles24 | - | €1k | €56k | €39k | €29k | ▼ 27.2% |
| Other tangible fixed assets26 | - | - | €0 | €0 | €0 | - |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €4.83M | €4.62M | €4.87M | €4.32M | €3.54M | ▼ 18.1% |
| Stocks and contracts in progress3 | €2.76M | €3.05M | €1.75M | €2.03M | €1.22M | ▼ 39.6% |
| Stocks30/36 | - | €3.05M | €952k | €952k | €506k | ▼ 46.9% |
| Contracts in progress37 | - | - | €796k | €1.07M | €718k | ▼ 33.1% |
| Amounts receivable within one year40/41 | €1.75M | €1.03M | €2.81M | €1.70M | €1.38M | ▼ 19.0% |
| Trade receivables40 | - | €1.00M | €1.54M | €1.60M | €910k | ▼ 43.0% |
| Other amounts receivable41 | - | €24k | €1.26M | €107k | €470k | ▲ 340% |
| Current investments50/53 | €300k | €300k | €300k | €300k | €300k | = |
| Cash at bank and in hand54/58 | €23k | €228k | €16k | €276k | €638k | ▲ 131% |
| Deferred charges and accrued income490/1 | - | €10k | - | €19k | €755 | ▼ 96.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.92M | €4.69M | €4.97M | €4.38M | €3.58M | ▼ 18.3% |
| Equity10/15 | €804k | €806k | €824k | €698k | €713k | ▲ 2.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €736k | €738k | €755k | €629k | €645k | ▲ 2.4% |
| Provisions and deferred taxes16 | €208k | €208k | €132k | €89k | €55k | ▼ 38.3% |
| Provisions for liabilities and charges160/5 | - | €208k | €132k | €89k | €55k | ▼ 38.3% |
| Other liabilities and charges164/5 | - | €208k | €132k | €89k | €55k | ▼ 38.3% |
| Amounts payable17/49 | €3.91M | €3.67M | €4.01M | €3.59M | €2.81M | ▼ 21.8% |
| Amounts payable after more than one year17 | €1.32M | €658k | €666k | €634k | €557k | ▼ 12.2% |
| Financial debts170/4 | - | €658k | €666k | €634k | €557k | ▼ 12.2% |
| Amounts payable within one year42/48 | €2.43M | €2.71M | €3.08M | €2.96M | €1.94M | ▼ 34.3% |
| Current portion of amounts payable after more than one year42 | - | €20k | €32k | €32k | €27k | ▼ 14.7% |
| Financial debts43 | - | €689k | €550k | €655k | €655k | = |
| Credit institutions430/8 | - | €203k | €200k | €200k | €200k | = |
| Other loans439 | - | €486k | €350k | €455k | €455k | = |
| Trade debts44 | €1.42M | €1.71M | €2.33M | €1.72M | €845k | ▼ 51.0% |
| Suppliers440/4 | - | €1.71M | €2.33M | €1.72M | €845k | ▼ 51.0% |
| Advances received on contracts in progress46 | - | €185k | - | - | €350k | - |
| Taxes, remuneration and social security45 | - | €99k | €157k | €110k | €55k | ▼ 50.2% |
| Taxes450/3 | - | €40k | €31k | €26k | - | - |
| Remuneration and social security454/9 | - | €59k | €126k | €84k | €55k | ▼ 34.8% |
| Other amounts payable47/48 | - | €9k | €9k | €434k | €9k | ▼ 97.9% |
| Accrued charges and deferred income492/3 | - | €308k | €267k | €3k | €311k | ▲ 11,999% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €2k | €18k | €-126k | €15k | ▲ 112% |
| + Depreciation and write-downs630 | €28k | €26k | €38k | €42k | €27k | ▼ 35.3% |
| Operating cash flow (approximation) | €39k | €28k | €55k | €-84k | €42k | ▲ 151% |
| Investment in fixed assets (approximation) | - | €-1k | €-66k | €-1k | €-8k | ▼ 648% |
| Change in cash | - | €204k | €-212k | €260k | €362k | ▲ 38.9% |
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
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-126k
Net result drops to €-126k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €18k ▲741%
Net result €18k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 34 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Anzegem · 1 establishment unit since 2002
Ground area
1,247 m²
Building footprint
373 m²
Parcel 34038B0266/00A005, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ARTEA
since 20022.095.582.753
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038B0266/00A005 | Flanders | 1,247 m² | 1 · 373 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 204 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 204 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesARTEA NV30035
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BE 0447.139.910
Kaprijke · Eq €713,303
Alain DONNAY
BE 0460.969.140
Blégny · Eq €712,052
MATTHYS-CONSTRUCT
BE 0472.257.960
Lo-Reninge · Eq €712,006
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 7,824 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-12-2001
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.