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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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARTABEL Engineering from Leuven, company number BE0465597525, closed financial year 2025 with a result of € -288 after tax. For that financial year ARTABEL Engineering recorded a gross margin of € 428,101 and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 34,261 to € -288. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ 2.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -288
▼ still € 34,261 profit in 2024
Profit after tax over the fiscal year.
€ 3,358
▼ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.5 million.
People and assets in 2025
1.6
▼ 3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 205,034
▼ 60% vs 2024
€ 128,100 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.
€ 33,045
▼ 16% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.6 million
▼ 7% vs 2024
€ 137,515 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 44,281
▼ 82% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 62,347
▼ 56% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 741,554 | € 828,054 | € 805,248 | € 428,101 | ▼ 47% |
| Profit after taxes | € -30,383 | € 26,362 | € 34,261 | € -288 | ▼ € 34,549 |
| Equity | € 2,489,256 | € 2,515,618 | € 2,549,879 | € 2,549,591 | |
| Total debts | € 2,791,492 | € 2,301,453 | € 2,105,152 | € 1,953,152 | ▼ 7% |
| Cash | € 7,335 | € 40,620 | € 10,479 | € 3,358 | ▼ 68% |
| Land & buildings | € 3,901,578 | € 3,768,483 | € 3,639,508 | € 3,521,055 | ▼ 3% |
| Retained profit | € 2,469,256 | € 2,495,618 | € 2,529,879 | € 2,529,591 | |
| Bank debt | € 2,394,799 | € 1,916,625 | € 1,712,196 | € 1,590,962 | ▼ 7% |
| Balance sheet total | € 5,280,748 | € 4,817,072 | € 4,655,031 | € 4,502,743 | ▼ 3% |
| Employees (FTE) | 4.5 | 4.5 | 4.6 | 1.6 | ▼ 3 |
Key figures of ARTABEL Engineering, 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 ARTABEL Engineering?
What happened at ARTABEL Engineering in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 288 (▼ € 34,549 vs 2024). filed late Source: NBB ↗
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 30,383 loss in 2022 to € 288 loss in 2025.
Paid € 30,027 in corporate taxes since 2022.
Best year ever: 2024, with € 34,261 profit.
On average € 267,600 of value added per employee in 2025.
Management
Behind ARTABEL Engineering are Jan De Wit and Marie Vermeire. It owns 35% of Innopa NV itself.
Directors
According to the 2025 annual accounts
Jan De Wit
Director
Also active at: INNOPA, MULTIPROFESSIONELE ARCHITECTENVENNOOTSCHAP ARTABEL, TRIMAX-YACHTS, SPORT EN RECREATIEBAD PELT, S&R Brugge, S&R Kortrijk-Zwevegem, WETZLARBAD, S&R Sint-Truiden +6 more
Marie Vermeire
Director
Establishments
Establishment units
Physical locations of this company
Aarschotsesteenweg 225
3012 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.597.525
- VAT number
- BE 0465.597.525
- Registered office
- Aarschotsesteenweg 225, 3012 Leuven
- Names & denominations
- ARTABEL Engineering
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 March 1999
- Peppol
- Active · Active since 15 Sept 2025
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