Summary
AR-TEC has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45,636 and a net result of €4,115. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 15% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Axes, FY 2024 · tick = 2022
Profitability59▼-15
Solvency37▼-14
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
11.5%
Return on assets
1%
Age of the figures
27 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 20-01-2025, 11 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2024
11 d early
2022
29 d late
2021
23 d late
2020
27 d late
2019
28 d late
2018
26 d late
2017
31 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 22 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€45,636▲ 9.9%
2022 · €41,521
Total assets
€396,100▲ 147%
2022 · €160,187
Net result
€4,115▼ 34.1%
2022 · €6,248
Working capital
€13,523▼ 64.1%
2022 · €37,618
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222024
Operating result€4,696▼ 41.9%-€219€15,481€9,762▼ 36.9%€14,761-
Net result€2,983▼ 50.3%-€139below the sector's middle half€10,707within the sector's middle half€6,248within the sector's middle half▼ 41.6%€4,115within the sector's middle half-
Equity€21,119▲ 16.4%€20,980within the sector's middle half▼ 0.7%€35,273within the sector's middle half▲ 68.1%€41,521within the sector's middle half▲ 17.7%€45,636within the sector's middle half-
Total assets€42,396▼ 3.8%€45,419below the sector's middle half▲ 7.1%€104,433within the sector's middle half▲ 130%€160,187within the sector's middle half▲ 53.4%€396,100above the sector's middle half-
Debt€21,277▼ 18.0%€24,439▲ 14.9%€69,160▲ 183%€118,666▲ 71.6%€350,464-
Working capital€16,957▲ 0.3%€19,893▲ 17.3%€22,266▲ 11.9%€37,618▲ 68.9%€13,523-
Solvency49.8%▲ 8.7pp46.2%within the sector's middle half▼ 3.6pp33.8%within the sector's middle half▼ 12.4pp25.9%within the sector's middle half▼ 7.9pp11.5%below the sector's middle half-
Staff (FTE)2.63.4above the sector's middle half▲ 30.8%5.3▲ 55.9%4.9▼ 7.5%10.8-
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €14,761 in 2024, compared with €9,762 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €396,100
Fixed assets
€222,122 ▲ 5,591%
Current assets
€173,978 ▲ 11.3%
Equity and liabilities €396,100
Equity
€45,636 ▲ 9.9%
Debt
€350,464 ▲ 195%
Debt's share of the balance-sheet total rises from 74.1% to 88.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27,635▲
2022 · €12,943
Cash flow
€16,989▲
2022 · €9,429
Current ratio
1.08▼
2022 · 1.32
Debt to equity
7.68▲
2022 · 2.86
ROE
9.0%▼
2022 · 15.0%
ROA
1.0%▼
2022 · 3.9%
Interest coverage
4.67▼
2022 · 25.24
Debt ≤ 1 year
€160,455▲
2022 · €118,666
Debt > 1 year
€190,009
Income taxes
€4,723▲
2022 · €3,049
Staff costs
€656,329▲
2022 · €147,468
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,850 | - |
| Remuneration, social security and pensions62 | - | - | €127,493 | €147,468 | €656,329 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,398 | €3,945 | €3,606 | €3,181 | €12,874 | - |
| Other operating charges640/8 | - | - | €2,947 | €2,307 | €7,102 | - |
| Non-recurring operating charges66A | - | - | - | €5,126 | €5,700 | - |
| Gross operating margin9900 | €103,597 | €69,276 | €149,527 | €167,844 | €696,765 | - |
| Operating profit (loss)9901 | €4,696 | -€219 | €15,481 | €9,762 | €14,761 | - |
| Financial income75/76B | - | - | - | €48 | €0 | - |
| Recurring financial income75 | €3 | €504 | - | €48 | €0 | - |
| Financial charges65/66B | - | - | €209 | €513 | €5,923 | - |
| Recurring financial charges65 | €292 | €124 | €209 | €513 | €5,923 | - |
| Profit (loss) for the period before taxes9903 | €4,407 | €161 | €15,272 | €9,296 | €8,838 | - |
| Income taxes67/77 | €1,424 | €300 | €4,565 | €3,049 | €4,723 | - |
| Profit (loss) for the period9904 | €2,983 | -€139 | €10,707 | €6,248 | €4,115 | - |
| Profit (loss) for the period to be appropriated9905 | €2,983 | -€139 | €10,707 | €6,248 | €4,115 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,396 | €45,419 | €104,433 | €160,187 | €396,100 | - |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €4,162 | €1,088 | €13,007 | €3,903 | €222,122 | - |
| Intangible fixed assets21 | - | - | - | - | €184,867 | - |
| Tangible fixed assets22/27 | €4,162 | €1,088 | €13,007 | €3,903 | €37,256 | - |
| Plant, machinery and equipment23 | - | - | €4,061 | €2,703 | €1,648 | - |
| Furniture and vehicles24 | - | - | €8,946 | €1,200 | €35,607 | - |
| Current assets29/58 | €38,234 | €44,332 | €91,426 | €156,284 | €173,978 | - |
| Amounts receivable after more than one year29 | - | - | - | €10,000 | €10,000 | - |
| Trade receivables290 | - | - | - | €10,000 | €10,000 | - |
| Stocks and contracts in progress3 | - | - | - | €40,000 | - | - |
| Stocks30/36 | - | - | - | €40,000 | - | - |
| Amounts receivable within one year40/41 | €7,413 | €35,899 | €48,311 | €73,349 | €136,474 | - |
| Trade receivables40 | - | - | €45,315 | €66,043 | €135,935 | - |
| Other amounts receivable41 | - | - | €2,996 | €7,306 | €539 | - |
| Cash at bank and in hand54/58 | €30,820 | €7,949 | €41,418 | €31,047 | €21,141 | - |
| Deferred charges and accrued income490/1 | - | - | €1,697 | €1,888 | €6,363 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,396 | €45,419 | €104,433 | €160,187 | €396,100 | - |
| Equity10/15 | €21,119 | €20,980 | €35,273 | €41,521 | €45,636 | - |
| Contributions10/11 | €11,200 | - | €11,200 | €11,200 | €11,200 | - |
| Reserves13 | €9,919 | €9,919 | €24,073 | €30,321 | €34,436 | - |
| Non-distributable reserves130/1 | - | - | €450 | €450 | - | - |
| Reserves not available under the articles1311 | - | - | €450 | €450 | - | - |
| Distributable reserves133 | - | - | €23,623 | €29,871 | €34,436 | - |
| Profit (loss) carried forward14 | - | -€139 | - | - | - | - |
| Amounts payable17/49 | €21,277 | €24,439 | €69,160 | €118,666 | €350,464 | - |
| Amounts payable after more than one year17 | - | - | - | - | €190,009 | - |
| Financial debts170/4 | - | - | - | - | €190,009 | - |
| Amounts payable within one year42/48 | €21,277 | €24,439 | €69,160 | €118,666 | €160,455 | - |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €18,742 | - |
| Financial debts43 | - | - | €6,004 | €15,489 | €25,005 | - |
| Other loans439 | - | - | €6,004 | €15,489 | €25,005 | - |
| Trade debts44 | €3,127 | €7,985 | €47,890 | €65,105 | €47,507 | - |
| Suppliers440/4 | - | - | €47,890 | €65,105 | €47,507 | - |
| Taxes, remuneration and social security45 | - | - | €15,265 | €38,072 | €69,201 | - |
| Taxes450/3 | - | - | €4,850 | €9,354 | €7,239 | - |
| Remuneration and social security454/9 | - | - | €10,415 | €28,717 | €61,962 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,983 | -€139 | €10,707 | €6,248 | €4,115 | - |
| + Depreciation and write-downs630 | €4,398 | €3,945 | €3,606 | €3,181 | €12,874 | - |
| Operating cash flow (approximation) | €7,382 | €3,806 | €14,312 | €9,429 | €16,989 | - |
| Investment in fixed assets (approximation) | - | -€870 | -€15,525 | €5,923 | - | - |
| Change in cash | - | -€22,871 | €33,468 | -€10,371 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Back to profitnet €10,707
Net result €10,707 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet -€139
Net result drops to -€139, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 2017
Ground area
1,278 m²
Building footprint
1,116 m²
Volume, LiDAR
10,239 m³
Parcel 11422C0285/00P019, Flanders · tallest building 14.7 m, ±3 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
ARAM GROUP
since 20172.262.284.082
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0285/00P019 | Flanders | 1,277 m² | 1 · 1,116 m² | 14.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,492 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-03-2017
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
82920Office administrative, office support and other business support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0671947110
Also
9925:BE0671947110
Registered
26-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.