Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARTVEST from Courcelles, company number BE0445844464, closed financial year 2025 with a result of € -7,112 after tax. For that financial year ARTVEST recorded a gross margin of € -6,304 and equity of € -102,532. Compared with financial year 2024, the result moved from € -793 to € -7,112. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 5, 2026.
€ -102,532
▼ € 7,112 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,112
▼ 797 % more loss than in 2024
Profit after tax over the fiscal year.
€ 241
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -156,945.
People and assets in 2025
€ 1,181
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,022
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -3,640 | € -1,620 | € -52 | € -6,304 | ▼ € 6,252 |
| Profit after taxes | € -5,343 | € -2,545 | € -793 | € -7,112 | ▼ € 6,319 |
| Equity | € -92,082 | € -94,627 | € -95,420 | € -102,532 | ▼ € 7,112 |
| Total debts | € 125,571 | € 137,335 | € 138,804 | € 144,024 | ▲ 4% |
| Cash | - | € 237 | € 469 | € 241 | ▼ 49% |
| Retained profit | € -146,495 | € -149,040 | € -149,833 | € -156,945 | ▼ € 7,112 |
| Bank debt | € 164 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 33,489 | € 42,708 | € 43,384 | € 41,492 | ▼ 4% |
Key figures of ARTVEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ARTVEST?
What happened at ARTVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Etienne FICHEROULLE stepped down as director. NBB
- Catherine DUMONT stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 7,112. filed late Source: NBB ↗
- Etienne FICHEROULLE became a director. NBB
- Catherine DUMONT became a director. NBB
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,343 loss in 2022 to € 7,112 loss in 2025.
Paid € 45 in corporate taxes since 2022.
Management
Directors
According to the 2025 annual accounts
Etienne FICHEROULLE
Managing director
since 2025 · until 2031
Catherine DUMONT
Director
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Rue Nestor Falise(CO) 4
6180 Courcelles
Chaussée de Namur 1
1400 Nivelles
Active since 6 November 2002
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.844.464
- VAT number
- BE 0445.844.464
- Registered office
- Rue Nestor Falise(CO) 4, 6180 Courcelles
- Names & denominations
- ARTVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 November 1991
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
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