ARTPACK
ActiveSummary
ARTPACK has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.36M and a net result of €247k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+22
Solvency55▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.13 in 2024; short-term debt: 30.8% and cash: 2.6% of total assets), and 69.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.4%
Return on assets
5.5%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-10-2025, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
114 d early
2024
99 d early
2023
84 d early
2022
147 d early
2021
139 d early
2020
139 d early
2019
128 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 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 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.36M▲ 22.2%
2024 · €1.11M
2019: €436k
2020: €458k
2021: €618k
2022: €756k
2023: €1.08M
2024: €1.11M
2019 → 2025
Total assets
€4.46M▲ 1.5%
2024 · €4.39M
2019: €1.81M
2020: €1.88M
2021: €2.22M
2022: €2.45M
2023: €2.24M
2024: €4.39M
2019 → 2025
Net result
€247k▲ 695%
2024 · €31k
2019: €63k
2020: €62k
2021: €200k
2022: €178k
2023: €362k
2024: €31k
2019 → 2025
Working capital
€454k▲ 132%
2024 · €196k
2019: €442k
2020: €434k
2021: €523k
2022: €690k
2023: €1.01M
2024: €196k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€618k-€756k▲ 22.3%€1.08M▲ 42.6%€1.11M▲ 2.9%€1.36M▲ 22.2%
Operating result€276k-€287k▲ 4.1%€504k▲ 75.5%€137k▼ 72.7%€446k▲ 225%
Net result€200k-€178k▼ 11.1%€362k▲ 104%€31k▼ 91.4%€247k▲ 695%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 225% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.46M
Fixed assets
€2.63M ▼ 4.0%
Current assets
€1.83M ▲ 10.6%
Equity and liabilities €4.46M
Equity
€1.36M ▲ 22.2%
Debt
€3.10M ▼ 5.5%
Debt's share of the balance-sheet total falls from 74.7% to 69.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€630k▲
2024 · €288k
Cash flow
€430k▲
2024 · €181k
Current ratio
1.33▲
2024 · 1.13
Quick ratio
0.86▲
2024 · 0.73
Debt to equity
2.29▼
2024 · 2.96
ROE
18.2%▲
2024 · 2.8%
ROA
5.5%▲
2024 · 0.7%
Interest coverage
4.85▲
2024 · 2.88
Debt ≤ 1 year
€1.37M▼
2024 · €1.45M
Debt > 1 year
€1.70M▼
2024 · €1.80M
Income taxes
€99k▲
2024 · €23k
Staff costs
€571k▼
2024 · €610k
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 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.39M€4.46M▲
Fixed assets21/28€2.74M€2.63M▼
Intangible fixed assets21-€5k
Tangible fixed assets22/27€2.74M€2.63M▼
Land and buildings22€2.26M€2.18M▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€92k€49k▼
Leasing and similar rights25-€66k
Other tangible fixed assets26€378k€324k▼
Financial fixed assets28€440€440=
Current assets29/58€1.65M€1.83M▲
Stocks and contracts in progress3€594k€648k▲
Stocks30/36€594k€648k▲
Amounts receivable within one year40/41€931k€1.03M▲
Trade receivables40€900k€1.01M▲
Other amounts receivable41€31k€23k▼
Current investments50/53€117k-
Cash at bank and in hand54/58-€114k
Deferred charges and accrued income490/1€9k€34k▲
Equity and liabilities
Total equity and liabilities10/49€4.39M€4.46M▲
Equity10/15€1.11M€1.36M▲
Contributions10/11€45k€45k=
Reserves13€1.05M€1.30M▲
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Tax-exempt reserves132€21k€21k=
Distributable reserves133€1.03M€1.27M▲
Profit (loss) carried forward14€14k€14k=
Amounts payable17/49€3.28M€3.10M▼
Amounts payable after more than one year17€1.80M€1.70M▼
Financial debts170/4€1.80M€1.70M▼
Amounts payable within one year42/48€1.45M€1.37M▼
Current portion of amounts payable after more than one year42€159k€167k▲
Financial debts43€404k€295k▼
Credit institutions430/8€404k€295k▼
Trade debts44€439k€457k▲
Suppliers440/4€439k€457k▲
Taxes, remuneration and social security45€160k€202k▲
Taxes450/3€97k€121k▲
Remuneration and social security454/9€63k€81k▲
Other amounts payable47/48€292k€250k▼
Accrued charges and deferred income492/3€26k€28k▲
Income statement
Code20242025
Remuneration, social security and pensions62€610k€571k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€150k€184k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k€-3k▼
Other operating charges640/8€9k€23k▲
Non-recurring operating charges66A€191k-
Gross operating margin9900€1.11M€1.22M▲
Operating profit (loss)9901€137k€446k▲
Financial income75/76B€16k€29k▲
Recurring financial income75€16k€29k▲
Financial charges65/66B€100k€130k▲
Recurring financial charges65€100k€130k▲
Profit (loss) for the period before taxes9903€54k€345k▲
Income taxes67/77€23k€99k▲
Profit (loss) for the period9904€31k€247k▲
Profit (loss) for the period to be appropriated9905€31k€247k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€260k▲
Profit (loss) brought forward from the previous period14P€8k€14k▲
Transfer to equity691/2€25k€247k▲
To other reserves6921€25k€247k▲
Social balance
Average headcount (FTE)90877.68.0▲
The notes to these accounts (17 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
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Weakest financial yearnet €31k ▼91.4%
Net result drops to €31k, the lowest in the series; recovery starts the following year.
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Highest result since 2019net €362k ▲104%
Operating result €504k, net result €362k, both a record.
30-06
Financial
Equity above €1MEq €1.08M ▲42.6%
5 profitable years in a row build equity to €1.08M.
2022
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €500kEq €618k ▲35%
3 profitable years in a row build equity to €618k.
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
13-09
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
4 acts for this company are 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, Wommelgem · 1 establishment unit since 1992
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.
Schranshoevebaan 172160 WommelgemGround area
3,418 m²
Parcel 11052C0525/00A005, Flanders. Linked by address, not a title deed.
1 establishment unit
ARTPACK
since 19922.058.966.342
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0525/00A005 | Flanders | 3,418 m² | - | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 40,017 EUR awarded · 40,314 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 13,405 EUR | 13,405 EUR |
| 2024 | 1 | 12,431 EUR | 12,431 EUR |
| 2023 | 2 | 5,026 EUR | 5,323 EUR |
| 2022 | 2 | 9,155 EUR | 9,155 EUR |
Schemes
Individueel Maatwerk
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Foodpack
BE 0405.564.423
Roeselare · Eq €1.34M
SOBELPAC
BE 0440.000.809
Thuin · Eq €1.40M
W.E. TRADE
BE 0869.768.316
Maasmechelen · Eq €1.20M
UPM
BE 0406.082.778
Antwerpen · Eq €1.64M
Biopack
BE 0425.251.364
Nieuwpoort · Eq €1.82M
Of 192 companies in sector 46493 we hold annual accounts for 85. 51 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
Founded17-09-1992
Fiscal year end30-06
Activities, NACEBEL 2025
46493Wholesale trade
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.