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ARTIMO

Active
Public limited companyfounded 1985active for 41 yearsLebeaustraat 55, 1000 Brussel, BelgiumKBO/BCE: BE 0426.986.674
Summary

ARTIMO has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.1m and a net result of €68,905. Equity remains stable across the filed financial years (±1.9% per year). Its solvency ranks better than 61% of 9,658 sector peers (NACE 47, financial year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Other non-specialised retail sale
NACE 47120Retail sale of other cultural and recreation goods NACE 47690
1 site
Size
€4.4mtotal assets 2024
Equity
€2.1m
Profit
€68,905
Turnover not published (abbreviated or micro format)
Financial health
89 Excellent Checked score 2024
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Accounts 70 days overdue2 of 13 deeds read
Why 89raises riskFigures for financial year 2024 (filed 26-08-2025)Sector: Retail trade (NACE 47)lowers riskSize: total assets €4.4mFounded in 1985Show the evidence

Checked score

Score 2024
89 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 66% of its sector peers (NACE 47, small)
Financial strength · tick = 2023
Average
Solvency 73-11
equity 48.0% of total assets
Liquidity 58+5
short-term debt 16.8% · cash 9.8%
Profitability 39-32
return on assets 1.6%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,689 companies, NACE 47, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.1%▼ -0.1 percentage points vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025highest value 09-2025: < 0.1%▼ -0.3 percentage points vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.2%▲ +0.1 percentage points vs 08-2026 10-2026: 0.3%▲ +0.1 percentage points vs 09-2026
Credit of up to €180,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.98, compared with 9.01 in 2023; short-term debt: 16.8% and cash: 9.8% of total assets), but 52% of the assets are financed with debt.
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, small): better than 70% on solvency, 77% on liquidity, 23% on profitability and 93% on growth.

The bankruptcy probability was computed on 09-10-2026 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 risk+raises risk○neutral
raises risk · Figures for financial year 2024 (filed 26-08-2025)
NBB · annual accounts
lowers risk · Size: total assets €4.4m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1985
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
192021222324
2019 to 2024 · latest year €2.1m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
26 days late
2023
30 days late
2022
78 days late
2021
31 days late
2020
61 days late
2019
102 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 55 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 (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Aurore BORRENS (director)Director discharge
  2. Reappointments: Georges VAN CAUWENBERGH (managing director)…Gazette deed
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: Equity rose in 2024from €1.2m to €2.1m ▲ 74.3% View
  • Positive: Among the best 7% on equitysector median €331,459 · 9,660 companies €2.1m View
  • Caution: Accounts not fileddeadline was 31-07-2026 70 days late View
  • Positive: 6 profitable years in a rowprofit 2024: €68,905 6 years View
  • A director leftlatest change 02-01-2026 · 0 in office 1 left View

By topic

Financials

Financial year
2024
Total assets
€4.4m
Profit
€68,905
Solvency
48.0%
Total assets▲ 115%
Net result
20192024
Go to Financials

Timeline

Events
43
Since
1986
  1. 31-12-2024Equity above €2m
  2. 30-08-2024Annual accounts filed
  3. 17-10-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other non-specialised retail saleNACE 47120
Founded
01-03-1985
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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