Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
Financials
Financial year 2022
ARTECO from Schoten, company number BE0463801936, closed financial year 2022 with a result of € 11.8 million after tax. For that financial year ARTECO recorded revenue of € 150.7 million and equity of € 27 million. Compared with financial year 2021, the result moved from € 12.6 million to € 11.8 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 30, 2023.
€ 27 million
▲ 12% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11.8 million
▼ 6% vs 2021
Profit after tax over the fiscal year.
€ 486,068
▼ 29% vs 2021
Cash and bank balances on the last day of the fiscal year.
€ 9 million paid out
76 % of the profit went to the shareholders, mostly to CHEVRON BELGIUM (50 % of the shares). That is where the money ends up.
People and assets in 2022
67.5
▲ 5.5 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 9.9 million
▲ 14% vs 2021
€ 146,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 254,284
▲ 13% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 266,394
▼ 53% vs 2021
Loans from banks and other lenders, long and short.
€ 14.4 million
▼ 8% vs 2021
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 2.8 million
▲ 13% vs 2021
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Revenue | € 143,797,870 | € 150,661,442 | ▲ 5% |
| Profit after taxes | € 12,569,356 | € 11,832,675 | ▼ 6% |
| Equity | € 24,131,282 | € 26,963,957 | ▲ 12% |
| Total debts | € 18,612,076 | € 18,072,224 | ▼ 3% |
| Cash | € 682,248 | € 486,068 | ▼ 29% |
| Retained profit | € 17,845,282 | € 20,677,957 | ▲ 16% |
| Dividend | € 12,000,000 | € 9,000,000 | ▼ 25% |
| Bank debt | € 568,817 | € 266,394 | ▼ 53% |
| Balance sheet total | € 42,743,358 | € 45,342,851 | ▲ 6% |
| Employees (FTE) | 62 | 67.5 | ▲ 5.5 |
Key figures of ARTECO, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to ARTECO?
What happened at ARTECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick McCloud stepped down as director. NBB
- Thomas Chang stepped down as director. NBB
- Eddy Devriese stepped down as director. NBB
- Peter De Jonghe stepped down as director. NBB
- Olivier Bertomeu stepped down as director. NBB
- Nathalie Debbasch stepped down as director. NBB
- Jean Parizot stepped down as director. NBB
- Danielle Lincoln stepped down as director. NBB
In short
From € 12.6 million profit in 2021 to € 11.8 million profit in 2022.
Paid € 7.6 million in corporate taxes since 2021.
Best year ever: 2021, with € 12.6 million profit.
Paid out € 21 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of CHEVRON BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARTECOThe shares are held by CHEVRON BELGIUM (50%). It owns 100% of Arteco US LLC, 100% of Shangai Arteco Coolants Science and Technology CO., LTD. and 100% of Arteco Coolants India Private Limited itself.
Directors
According to the 2022 annual accounts
Patrick McCloud
Director
since 2022 · until 2025
Thomas Chang
Director
since 2022 · until 2025
Eddy Devriese
Director
since 2022 · until 2025
Peter De Jonghe
Director
since 2022 · until 2025
Olivier Bertomeu
Director
since 2022 · until 2025
Nathalie Debbasch
Director
since 2022 · until 2025
Jean Parizot
Chairman of the board
since 2022 · until 2025
Danielle Lincoln
Director
since 2022 · until 2025
Shareholders
50%
Participations
Arteco US LLC
100%
Shangai Arteco Coolants Science and Technology CO., LTD.
100%
Arteco Coolants India Private Limited
100%
Establishments
Establishment units
Physical locations of this company
Metropoolstraat 25
2900 Schoten
Amelia Earhartlaan 19 box 101
9051 Gent
Active since 2 January 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
arteco-coolants.com
Registered
2000-07-13
Registrar
Hosting Concepts B.V. d/b/a Registrar.eu
Expires
2026-07-13
Website info
Features
Security
Details
- Company number
- 0463.801.936
- VAT number
- BE 0463.801.936
- Registered office
- Metropoolstraat 25, 2900 Schoten
- Names & denominations
- ARTECO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 July 1998
- Peppol
- Active · Active since 24 Dec 2025
- Contact
- ww.arteco-coolants.com
- Activities · NACE
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