L’ARTISAN MAÇON
ActiveSummary
L’ARTISAN MAÇON has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €331k and a net result of €164k. Equity is growing by ~40.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 1290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▲+2
Solvency54▲+11
Growth85=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 3.53 against 2.69 in 2023; short-term debt: 18.3% and cash: 20.2% of total assets), but 70.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
47 d early
2022
40 d early
2021
30 d early
2020
18 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€1.34M▲ 40.8%
2023 · €952k
2018: €204k
2019: €202k
2020: €762k
2021: €687k
2022: €795k
2023: €952k
2018 → 2024
EBIT margin
21.1%▲ 4.4pp
2023 · 16.7%
2018: 0.7%
2019: 8.2%
2020: 8.5%
2021: 6.9%
2022: 10.8%
2023: 16.7%
2018 → 2024
Net result
€164k▲ 44.1%
2023 · €114k
2018: €1k
2019: €14k
2020: €44k
2021: €30k
2022: €55k
2023: €114k
2018 → 2024
Working capital
€528k▲ 35.1%
2023 · €391k
2018: €16k
2019: €192k
2020: €8k
2021: €52k
2022: €103k
2023: €391k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€762k-€687k▼ 9.7%€795k▲ 15.6%€952k▲ 19.8%€1.34M▲ 40.8%
Equity€89k-€119k▲ 32.8%€173k▲ 46.0%€167k▼ 3.5%€331k▲ 98.2%
Operating result€65k-€47k▼ 27.3%€86k▲ 82.1%€159k▲ 84.9%€282k▲ 77.8%
Net result€44k-€30k▼ 31.8%€55k▲ 84.0%€114k▲ 106%€164k▲ 44.1%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 78% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.14M
Fixed assets
€402k ▲ 29.6%
Current assets
€737k ▲ 18.3%
Equity and liabilities €1.14M
Equity
€331k ▲ 98.2%
Debt
€807k ▲ 5.4%
Debt's share of the balance-sheet total falls from 82.1% to 70.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€373k▲
2023 · €191k
Cash flow
€255k▲
2023 · €146k
Current ratio
3.53▲
2023 · 2.69
Quick ratio
1.44▼
2023 · 1.78
Debt to equity
2.43▼
2023 · 4.58
ROE
49.5%▼
2023 · 68.1%
ROA
14.4%▲
2023 · 12.2%
Interest coverage
9.89▼
2023 · 25.56
Debt ≤ 1 year
€209k▼
2023 · €232k
Debt > 1 year
€598k▲
2023 · €531k
Income taxes
€81k▲
2023 · €37k
Staff costs
€163k▲
2023 · €152k
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 · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€932k€1.14M▲
Fixed assets21/28€310k€402k▲
Tangible fixed assets22/27€310k€402k▲
Land and buildings22-€119k
Plant, machinery and equipment23€107k€86k▼
Furniture and vehicles24€172k€172k▲
Leasing and similar rights25€31k€25k▼
Current assets29/58€623k€737k▲
Stocks and contracts in progress3€210k€437k▲
Stocks30/36€210k€437k▲
Amounts receivable within one year40/41€57k€59k▲
Trade receivables40€28k€42k▲
Other amounts receivable41€30k€17k▼
Cash at bank and in hand54/58€342k€230k▼
Deferred charges and accrued income490/1€13k€10k▼
Equity and liabilities
Total equity and liabilities10/49€932k€1.14M▲
Equity10/15€167k€331k▲
Contributions10/11€21k€21k=
Reserves13€146k€310k▲
Distributable reserves133€146k€310k▲
Amounts payable17/49€765k€807k▲
Amounts payable after more than one year17€531k€598k▲
Financial debts170/4€531k€448k▼
Other amounts payable178/9-€150k
Amounts payable within one year42/48€232k€209k▼
Current portion of amounts payable after more than one year42€22k€24k▲
Trade debts44€34k€29k▼
Suppliers440/4€34k€29k▼
Taxes, remuneration and social security45€49k€148k▲
Taxes450/3€28k€143k▲
Remuneration and social security454/9€21k€4k▼
Other amounts payable47/48€127k€8k▼
Accrued charges and deferred income492/3€3k€417▼
Income statement
Code20232024
Turnover70€952k€1.34M▲
Goods, raw materials, services and sundry goods60/61€712k€873k▲
Remuneration, social security and pensions62€152k€163k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€91k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€348k€541k▲
Operating profit (loss)9901€159k€282k▲
Financial income75/76B€0€378▲
Recurring financial income75€0€378▲
Financial charges65/66B€7k€38k▲
Recurring financial charges65€7k€38k▲
Profit (loss) for the period before taxes9903€151k€245k▲
Income taxes67/77€37k€81k▲
Profit (loss) for the period9904€114k€164k▲
Profit (loss) for the period to be appropriated9905€114k€164k▲
Appropriation of the result
Profit (loss) to be appropriated9906€136k€164k▲
Profit (loss) brought forward from the previous period14P€22k-
Transfer to equity691/2€16k€164k▲
To other reserves6921€16k€164k▲
Profit to be distributed694/7€120k-
Return on contributions (dividend)694€120k-
Social balance
Average headcount (FTE)9087-3.8
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €164k ▲44.1%
Operating result €282k, net result €164k, both a record.
31-12
Financial
Equity above €200kEq €331k ▲98.2%
7 profitable years in a row build equity to €331k.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €173k ▲46%
5 profitable years in a row build equity to €173k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €119k ▲32.8%
4 profitable years in a row build equity to €119k.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 4.88
Current ratio from 1.41 to 4.88.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Theux · 1 establishment unit since 2017
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.
Rue Basse Desnié 14910 TheuxGround area
5,855 m²
Building footprint
411 m²
Volume, LiDAR
2,621 m³
2 parcels, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
L'Artisan Maçon
since 20172.259.507.112
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63044C1813/00B000 | Wallonia | 3,823 m² | 1 · 217 m² | 9.1 m · 2 fl. |
| 63044B0293/00M000 | Wallonia | 2,033 m² | 1 · 194 m² | 7.6 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, comparable size
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CLAERHOUT PATRICK
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KESTELYN-DEVOS
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Bouwonderneming Spiessens
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 10,691 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
Founded22-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.