ARTES VASTGOED
ActiveARTES VASTGOED has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-98k) and a net result of €8k. Equity is shrinking by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 13936 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+55
Solvency0=
Growth58=
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 0.72 against 0.31 in 2024; short-term debt: 136.9% and cash: 76% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
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
-80%
Return on assets
6.2%
Age of the figures
15 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 13936 sector peers (2025).
NBB · sector comparisonPosition among 13936 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
4 d late
2023
on the day
2022
on the day
2021
on the day
2020
on the day
2019
391 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-98k▲ 7.2%
2024 · €-106k
2019: €-58k
2020: €-35k
2021: €-37k
2022: €-43k
2023: €-105k
2024: €-106k
2019 → 2025
Total assets
€123k▲ 185%
2024 · €43k
2019: €56k
2020: €113k
2021: €61k
2022: €66k
2023: €23k
2024: €43k
2019 → 2025
Net result
€8k
2024 · €-689
2019: €-12k
2020: €24k
2021: €-3k
2022: €-6k
2023: €-62k
2024: €-689
2019 → 2025
Working capital
€-47k▲ 48.6%
2024 · €-91k
2019: €-59k
2020: €-9k
2021: €-19k
2022: €-25k
2023: €-95k
2024: €-91k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-37k-€-43k▼ 16.8%€-105k▼ 142%€-106k▼ 0.7%€-98k▲ 7.2%
Operating result€-2k-€-6k▼ 183%€-62k▼ 1,018%€69€9k▲ 12,956%
Net result€-3k-€-6k▼ 136%€-62k▼ 890%€-689▲ 98.9%€8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12,956% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123k
Fixed assets
€1k▼ 42.5%
Current assets
€122k▲ 198%
Key figures and ratios
EBITDA
€10k▲
2024 · €2k
Cash flow
€9k▲
2024 · €814
Solvency
-80.0%▲
2024 · -245.4%
Current ratio
0.72▲
2024 · 0.31
Quick ratio
0.72▲
2024 · 0.31
Debt / equity
-2.25▼
2024 · -1.41
ROA
6.2%▲
2024 · -1.6%
Interest coverage
7.19▲
2024 · 0.65
Debt
€222k▲
2024 · €149k
Debt ≤ 1 year
€169k▲
2024 · €132k
Income taxes
€218▲
2024 · €-2k
Staff costs
€25k▲
2024 · €25k
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€43k€123k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€41k€122k▲
Amounts receivable within one year40/41€12k€25k▲
Trade receivables40-€15k
Other amounts receivable41€12k€10k▼
Cash at bank and in hand54/58€28k€94k▲
Deferred charges and accrued income490/1€727€3k▲
Equity and liabilities
Total equity and liabilities10/49€43k€123k▲
Equity10/15€-106k€-98k▲
Contributions10/11€12k€12k=
Outside capital11€12k€12k=
Other1109/19€12k€12k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€-120k€-112k▲
Amounts payable17/49€149k€222k▲
Amounts payable within one year42/48€132k€169k▲
Trade debts44€28k€8k▼
Suppliers440/4€28k€8k▼
Advances received on contracts in progress46€77k€151k▲
Taxes, remuneration and social security45€3k€8k▲
Taxes450/3€121€4k▲
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€24k€981▼
Accrued charges and deferred income492/3€17k€53k▲
Income statement
Code20242025
Non-recurring operating income76A€749-
Remuneration, social security and pensions62€25k€25k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€27k€37k▲
Operating profit (loss)9901€69€9k▲
Financial income75/76B€0€297▲
Recurring financial income75€0€297▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-2k€8k▲
Income taxes67/77€-2k€218▲
Profit (loss) for the period9904€-689€8k▲
Profit (loss) for the period to be appropriated9905€-689€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-120k€-112k▲
Profit (loss) brought forward from the previous period14P€-119k€-120k▼
The notes to these accounts (3 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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Back to profitnet €8k
Net result €8k after 4 loss-making years.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 391 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
2019
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
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
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, Genk · 1 establishment unit since 2005
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.
Weg naar As 233600 GenkGround area
1,052 m²
Building footprint
666 m²
Volume, LiDAR
8,391 m³
2 parcels, Flanders · tallest building 24.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
ARTES VASTGOED
since 20052.146.371.755
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I1411/00P007 | Flanders | 670 m² | 1 · 481 m² | 24.3 m · 7 fl. |
| 71016I1410/00F025 | Flanders | 381 m² | 1 · 185 m² | 10.5 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 and region
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BE 0772.514.928
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AB PROJECTS
BE 0841.579.918
Genk
AG-BOUWPROJECTEN
BE 0878.711.023
Genk
AI All-Round
BE 0767.474.985
Genk
Associazione Famiglie Italiane Di Winterslag
BE 0423.986.208
Genk
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 11,749 companies in sector 68310 we hold annual accounts for 6,906.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-04-2005
Fiscal year end30-06
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.