ARTEGA Management
ActiveSummary
ARTEGA Management has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-14k) and a net result of €-29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-1
Solvency17▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.51 in 2024; short-term debt: 103.5% and cash: 0.5% of total assets), and equity is negative.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
-8.2%
Return on assets
-16.7%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-14k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
20 d late
2023
29 d late
2022
21 d late
2021
31 d late
2020
31 d late
2019
36 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 31-12-2026 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, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-29k▼ 2.2%
2024 · €-29k
2018: €6k
2019: €6k
2020: €29k
2021: €21k
2022: €4k
2023: €-14k
2024: €-29k
2018 → 2025
Working capital
€-163k▼ 768%
2024 · €-19k
2018: €-3k
2019: €6k
2020: €28k
2021: €3k
2022: €15k
2023: €7k
2024: €-19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€58k▼ 1.9%€43k▼ 25.0%€15k▼ 66.0%€-14k
Operating result€32k-€7k▼ 78.2%€-13k€-26k▼ 102%€-27k▼ 2.3%
Net result€21k-€4k▼ 81.2%€-14k€-29k▼ 97.8%€-29k▼ 2.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2025 against €26k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175k
Fixed assets
€157k ▼ 11.7%
Current assets
€18k ▼ 8.3%
Key figures and ratios
EBITDA
€-568▲
2024 · €-1k
Cash flow
€-3k▲
2024 · €-4k
Solvency
-8.2%▼
2024 · 7.5%
Current ratio
0.10▼
2024 · 0.51
Debt to equity
-13.13▼
2024 · 12.42
ROA
-16.7%▼
2024 · -14.4%
Interest coverage
-0.24▲
2024 · -0.49
Debt
€189k▲
2024 · €183k
Debt ≤ 1 year
€181k▲
2024 · €38k
Debt > 1 year
€860▼
2024 · €139k
Income taxes
€201▲
2024 · €158
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€197k€175k▼
Fixed assets21/28€178k€157k▼
Tangible fixed assets22/27€178k€157k▼
Plant, machinery and equipment23€135k€130k▼
Furniture and vehicles24€36k€21k▼
Other tangible fixed assets26€8k€6k▼
Current assets29/58€19k€18k▼
Amounts receivable within one year40/41€7k€5k▼
Trade receivables40€4k€5k▲
Other amounts receivable41€3k€92▼
Cash at bank and in hand54/58€2k€917▼
Deferred charges and accrued income490/1€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€197k€175k▼
Equity10/15€15k€-14k▼
Contributions10/11€12k€12k=
Reserves13€45k€45k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€44k€44k=
Profit (loss) carried forward14€-43k€-72k▼
Amounts payable17/49€183k€189k▲
Amounts payable after more than one year17€139k€860▼
Financial debts170/4€139k€860▼
Amounts payable within one year42/48€38k€181k▲
Current portion of amounts payable after more than one year42€14k€138k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€0€611▲
Suppliers440/4€0€611▲
Taxes, remuneration and social security45€1k€341▼
Taxes450/3€1k€341▼
Other amounts payable47/48€22k€42k▲
Accrued charges and deferred income492/3€6k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€26k▲
Other operating charges640/8€921€814▼
Gross operating margin9900€-215€245▲
Operating profit (loss)9901€-26k€-27k▼
Financial income75/76B€0€26▲
Recurring financial income75€0€26▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-28k€-29k▼
Income taxes67/77€158€201▲
Profit (loss) for the period9904€-29k€-29k▼
Profit (loss) for the period to be appropriated9905€-29k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€-72k▼
Profit (loss) brought forward from the previous period14P€-14k€-43k▼
The notes to these accounts (7 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €29k ▲366%
Operating result €37k, net result €29k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Namur · 1 establishment unit since 2015
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 Cerisier(BZ) 65000 NamurGround area
4,843 m²
Building footprint
200 m²
Volume, LiDAR
1,084 m³
Parcel 92009B0192/00Z003, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARTEGA Management
since 20152.238.751.189
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92009B0192/00Z003 | Wallonia | 4,843 m² | 1 · 199 m² | 8.6 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
VIKA MANAGEMENT
BE 1010.447.812
Thuin · Eq €14,712
NEDELEC Consult & Management
BE 0735.587.226
Jodoigne · Eq €14,712
BOOKOLIS
BE 1001.633.579
Ieper · Eq €14,718
ALFA DEVELOPPEMENT
BE 0561.729.869
Assesse · Eq €14,710
Naxia management
BE 1013.208.055
Braine-le-Château · Eq €14,720
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 27,287 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
Founded23-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46140Agents in the wholesale of industrial machinery, ships and aircraft
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
77350Rental and leasing activities
82990Other business support services
93129Activities of other sports clubs
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:louis.dresse@artega-management.com
Phone:081220421