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AR-CAD +

Active
Private limited company (pre-2019)founded 199432 yrs activeGemeentelijke Godshuisstraat 135, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0452.533.110
Summary

AR-CAD + has been active since 1994 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €36,431 and a net result of €3,220. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 10442 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
AR-CAD +ActiveChecked score 88/100
Risk analysis ReportCompare

Overview

Activity
Activities of building architects
NACE 71111Photography, excluding press photography NACE 74201
Size
€38,515total assets 2025
Equity
€36,431
Profit
€3,220
Financial health
88 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Accounts 7 d early
Why 88- Liquidity: current ratio 14.80- No establishment unit in the KBO+ Founded in 1994+ Sector Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Better than 75% of its sector peers (NACE 71, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 94.6% of total assets
Liquidity 100+12
short-term debt 5.4%
Profitability 79-6
return on assets 8.4%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,633 companies)
Last 14 months 09-2025: 0.4% 10-2025: 0.4%▲ +3.8% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.4%▼ -0.7% vs 11-2025 01-2026: 0.6%▲ +45.7% vs 12-2025highest value 02-2026: 0.3%▼ -41.3% vs 01-2026 03-2026: 0.3%● 0.0% vs 02-2026 04-2026: 0.3%● 0.0% vs 03-2026 05-2026: 0.3%● 0.0% vs 04-2026 06-2026: 0.3%● 0.0% vs 05-2026 07-2026: 0.3%▼ -11.2% vs 06-2026lowest value 08-2026: 0.3%● 0.0% vs 07-2026lowest value 09-2026: 0.3%▲ +3.2% vs 08-2026 10-2026: 0.3%▼ -2.5% vs 09-2026
  • Liquidity: current ratio 14.80 raises the probability
  • Founded in 1994 lowers the probability for this profile
  • No establishment unit in the KBO raises the probability
  • Sector Architectural and engineering activities; technical testing and analysis (NACE 71) lowers the probability
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 14.8 against 3.07 in 2024; short-term debt: 5.4% of total assets), and 5.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, micro). Better than this share of them on solvency 87%, liquidity 97%, profitability 47%, growth against the median 67%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 14.80
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1994
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · No establishment unit in the KBO
In the bankruptcy model this factor raises the probability.
KBO · seat and establishments
lowers risk · Sector Architectural and engineering activities; technical testing and analysis (NACE 71)
In the bankruptcy model this factor lowers the probability.
KBO
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 24-01-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 d early
2024
18 d early
2023
28 d early
2022
7 d early
2021
3 d early
2020
3 d early
2019
306 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Strikeout withdrawal
Checked, nothing found (1)
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. Usually files around 24 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close02-10-2026 today31-01-2027 deadline
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Liquidity times 5current ratio 14.80
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Positive: Among the best 5% on solvencysector median 54.4% · 10,442 companies 94.6% View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Active since 1994founded 14-04-1994 32 years View

By topic

Financials

Fiscal year
2025
Total assets
€38,515
Profit
€3,220
Solvency
94.6%
Total assets▼ 1.9%
Net result
20192025
Go to Financials

Timeline

Events
16
Since
2020
Next accounts
by 31-01-2027
  1. 24-01-2026Annual accounts filed
  2. 30-06-2025Liquidity times 5
  3. 13-01-2025Annual accounts filed
Go to Timeline

Company details

Legal form
Private limited company (pre-2019)
Activity
Activities of building architectsNACE 71111
Founded
14-04-1994
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

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