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ARTHUS

Active
Public limited companyfounded 1997active for 29 yearsSimonisstraat 33, 1050 Elsene, BelgiumKBO/BCE: BE 0460.076.938
Summary

The computed 12-month bankruptcy probability of ARTHUS is 1.7% (moderate). The 2025 annual accounts show equity of €8.3m and a net result of €4.0m. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 14% of 4,942 sector peers (NACE 47, financial year 2025). The company has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Retail sale of antiques
NACE 47791
2nd largest company by total assets in the Brussels-Capital Region, Retail trade sector3 sites
Size
€338.3mtotal assets 2025
Staff
6.2 FTE
Equity
€8.3m
Profit
€4.0m
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Structure
Accounts filed 61 days late0 of 7 deeds read
Why 54raises riskLiquidity: current ratio 0.00, cash €573,231Equity €8.3m (2.4% of total assets)Latest accounts 61 days late; 1 of the last 3 latelowers riskFounded in 1997Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 34% of its sector peers (NACE 47, micro)
Financial strength · tick = 2024
Weak
Solvency 27+1
equity 2.4% of total assets
Liquidity 0=
short-term debt 97.6% · cash 0.2%
Profitability 20=
return on assets 1.2%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,203 companies, NACE 47, micro)
Last 24 months 11-2024: 1.7% 12-2024: 1.7%● unchanged vs 11-2024 01-2025: 1.7%● unchanged vs 12-2024 02-2025: 1.7%● unchanged vs 01-2025 03-2025: 1.7%● unchanged vs 02-2025 04-2025: 1.6%▼ -0.1 percentage points vs 03-2025 05-2025: 1.6%● unchanged vs 04-2025 06-2025: 1.6%● unchanged vs 05-2025 07-2025: 2.1%▲ +0.5 percentage points vs 06-2025 08-2025: 2.9%▲ +0.8 percentage points vs 07-2025 09-2025: 1.5%▼ -1.4 percentage points vs 08-2025 10-2025: 1.5%● unchanged vs 09-2025 11-2025: 1.5%● unchanged vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.5%● unchanged vs 12-2025 02-2026: 1.5%● unchanged vs 01-2026 03-2026: 1.5%● unchanged vs 02-2026 04-2026: 1.5%● unchanged vs 03-2026lowest value 05-2026: 1.5%● unchanged vs 04-2026 06-2026: 1.5%● unchanged vs 05-2026 07-2026: 1.5%● unchanged vs 06-2026 08-2026: 2.7%▲ +1.2 percentage points vs 07-2026 09-2026: 3.2%▲ +0.5 percentage points vs 08-2026highest value 10-2026: 1.7%▼ -1.5 percentage points vs 09-2026
Credit of up to €440,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.0, compared with 0.0 in 2024, below 1; short-term debt: 97.6% and cash: 0.2% of total assets), and 97.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 21% on solvency, 2% on liquidity, 22% on profitability and 92% on growth.

The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.00, cash €573,231
NBB · annual accounts
raises risk · Equity €8.3m (2.4% of total assets)
NBB · annual accounts
lowers risk · Founded in 1997
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Latest accounts 61 days late; 1 of the last 3 late
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 4942 sector peers (2025).
NBB · sector comparison
Position among 4942 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
2024
27 days late
2023
30 days late
2022
31 days late
2021
31 days late
2020
31 days late
2019
88 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 43 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Equity above €5mequity €8.3m ▲92.1%
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Equity rose in 2025from €4.3m to €8.3m ▲ 92.1% View
  • Positive: Among the best 5% on net resultsector median €40,659 · 4,942 companies €4.0m View
  • Caution: Latest accounts filed lateafter the legal deadline 61 days View
  • Positive: 5 profitable years in a rowprofit 2025: €4.0m 5 years View

By topic

Financials

Financial year
2025
Total assets
€338.3m
Profit
€4.0m
Solvency
2.4%
Total assets=
Net result
20182025
Go to Financials

Timeline

Events
34
Since
1999
Next accounts
by 31-07-2027
  1. 31-12-2024Equity above €2m
  2. 30-08-2024Annual accounts filed
  3. 31-12-2023Equity above €1m
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Retail sale of antiquesNACE 47791
Founded
20-02-1997
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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