ARTHEMI
ARTHEMI has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €-11k. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 13655 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €41k |
| Net result | €-11k |
| Better than sector | 88% |
| Active | 6 yrs |
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 84.3% | 29.8% | |
| Net result | €-11k | €6k | |
| Equity | €41k | €78k | |
| Gross operating margin | €-7k | €41k | |
| Total assets | €49k | €416k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-7k | €12k | €16k | €-535 | €19k |
| Net profit | €-11k | €6k | €9k | €-2k | €12k |
| Cash flow | €-8k | €9k | €12k | €-1k | €13k |
| Staff costs | - | - | - | - | - |
| Income taxes | €208 | €3k | €3k | €617 | €6k |
| Dividends | - | - | €20k | - | - |
| Total assets | €49k | €64k | €80k | €112k | €84k |
| Equity | €41k | €52k | €46k | €57k | €59k |
| Debt | €8k | €11k | €33k | €55k | €25k |
| of which ≤ 1y | €8k | €11k | €33k | €55k | €25k |
| of which > 1y | - | - | - | - | - |
| Working capital | €37k | €46k | €43k | €51k | €57k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 5.77 | 5.18 | 2.31 | 1.91 | 3.32 |
| Quick ratio | 5.77 | 5.18 | 2.31 | 1.91 | 3.32 |
| Working capital ratio | 75.0% | 73.1% | 54.0% | 45.0% | 68.3% |
| Solvency | 84.3% | 82.5% | 58.3% | 50.7% | 70.6% |
| Debt / equity | 0.19 | 0.21 | 0.72 | 0.97 | 0.42 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -12.87 | 55.32 | 89.84 | -2.34 | 46.68 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -22.5% | 9.6% | 11.8% | -2.1% | 14.3% |
| ROE | -26.7% | 11.6% | 20.3% | -4.1% | 20.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (21 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €49k | €64k | €80k | €112k | €84k |
| Fixed assets | 21/28 | €5k | €6k | €4k | €6k | €2k |
| Tangible fixed assets | 22/27 | €5k | €6k | €4k | €6k | €2k |
| Current assets | 29/58 | €45k | €58k | €76k | €106k | €82k |
| Amounts receivable within one year | 40/41 | €6k | €3k | €877 | €1k | €47k |
| Cash & bank | 54/58 | €39k | €54k | €75k | €105k | €35k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €49k | €64k | €80k | €112k | €84k |
| Equity | 10/15 | €41k | €52k | €46k | €57k | €59k |
| Contributions / capital | 10/11 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €39k | €50k | €44k | €55k | €57k |
| Amounts payable | 17/49 | €8k | €11k | €33k | €55k | €25k |
| Amounts payable within one year | 42/48 | €8k | €11k | €33k | €55k | €25k |
| Trade debts payable within one year | 44 | €6k | €3k | €596 | €6k | €2k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-7k | €13k | €16k | €-365 | €19k |
| Operating result | 9901 | €-10k | €9k | €13k | €-1k | €18k |
| Financial income | 75 | €27 | €62 | - | - | €14 |
| Financial charges | 65 | €579 | €225 | €175 | €229 | €397 |
| Result before taxes | 9903 | €-11k | €9k | €13k | €-2k | €18k |
| Income taxes | 67/77 | €208 | €3k | €3k | €617 | €6k |
| Net result for the period | 9904 | €-11k | €6k | €9k | €-2k | €12k |
| Result to be appropriated | 9905 | €-11k | €6k | €9k | €-2k | €12k |
| NACE primary | Property management for co-owned buildings (syndics)(68321) |
| Legal form | Private limited company(610) |
| Incorporation | 19-02-2020 |
| Status | Active |
| Postal code | 1970 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22006B0183/00B004 | Flanders | 1,311 m² | 1 · 213 m² | 16.6 m · 2 fl. |
| 21683D0030/00V002 | Brussels | 210 m² | 1 · 75 m² | 11.4 m · 3 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
30-06-2023 Registered office moved from Woluwé-Saint-Pierre to Wezembeek-Oppem
- Rue François Desmedt, 139 à 1150 Woluwé-Saint-Pierre → 1970 Wezembeek-Oppem, In De Poort, 19
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "1970 Wezembeek-Oppem, In De Poort, 19",
"city": "Wezembeek-Oppem",
"region": null,
"street": "In De Poort",
"country": "BE",
"postcode": null,
"box_number": null,
"street_number": "19",
"locality_suffix": null
},
"old_address": {
"raw": "Rue Fran\u00E7ois Desmedt, 139 \u00E0 1150 Woluw\u00E9-Saint-Pierre",
"city": "Woluw\u00E9-Saint-Pierre",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Fran\u00E7ois Desmedt",
"country": "BE",
"postcode": "1150",
"box_number": null,
"street_number": "139",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": true,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": null,
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": true,
"effective_date_is_approximate": null
}
],
"notary": {
"name": "Thi Thuy Mai HONG",
"firm_city": null,
"firm_name": "Pierre STERCKMANS \u0026 Thi Thuy Mai HONG, Notaires associ\u00E9s",
"office_city": "Tubize",
"is_associated": true
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2023-06-22",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-06-02",
"unanimous": null
},
"subject_company": {
"kbo": "0743.848.854",
"name_full": "ARTHEMI",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": []
}| Legal nameFR | ARTHEMI |