ARB
ActiveSummary
ARB has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €533,234 and a net result of €27,344. Equity is growing by ~3.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+9
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 4.55 against 42.42 in 2024; short-term debt: 17.3% and cash: 73.9% of total assets), and 17.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.7%
Return on assets
4.2%
Age of the figures
19 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 24-09-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
6 d early
2023
61 d late
2022
31 d late
2021
26 d late
2020
72 d late
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 26 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
€61,819
EBIT margin
61.1%
Net result
€27,344▼ 2.6%
2024 · €28,087
Working capital
€397,568▼ 14.8%
2024 · €466,612
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€61,819
Operating result€29,563▲ 285%€32,340▲ 9.4%€34,555▲ 6.8%€38,386▲ 11.1%€37,802▼ 1.5%
Net result€21,774▲ 317%€23,756▲ 9.1%€25,135▲ 5.8%€28,087▲ 11.7%€27,344▼ 2.6%
EBIT margin61.1%
Equity€536,412▲ 4.2%€560,168▲ 4.4%€585,303▲ 4.5%€613,390▲ 4.8%€533,234▼ 13.1%
Total assets€542,589▲ 5.0%€572,619▲ 5.5%€596,579▲ 4.2%€624,656▲ 4.7%€645,115▲ 3.3%
Debt€6,177▲ 175%€12,451▲ 102%€11,277▼ 9.4%€11,266▼ 0.1%€111,881▲ 893%
Working capital€351,412▲ 10.9%€387,908▲ 10.4%€425,784▲ 9.8%€466,612▲ 9.6%€397,568▼ 14.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €645,115
Fixed assets
€135,666 ▼ 7.6%
Current assets
€509,449 ▲ 6.6%
Equity and liabilities €645,115
Equity
€533,234 ▼ 13.1%
Debt
€111,881 ▲ 893%
Debt's share of the balance-sheet total rises from 1.8% to 17.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€48,914▼
2024 · €51,127
Cash flow
€38,455▼
2024 · €40,828
Current ratio
4.55▼
2024 · 42.42
Debt to equity
0.21▲
2024 · 0.02
ROE
5.1%▲
2024 · 4.6%
ROA
4.2%▼
2024 · 4.5%
Interest coverage
430.69▼
2024 · 587.66
Debt ≤ 1 year
€111,881▲
2024 · €11,266
Income taxes
€12,448▲
2024 · €10,224
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €61,819 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €6,013 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,741 | €12,741 | €12,741 | €12,741 | €11,111 | ▼ 12.8% |
| Other operating charges640/8 | - | €5,900 | €6,044 | €6,673 | €6,892 | ▲ 3.3% |
| Gross operating margin9900 | €48,161 | €50,981 | €53,340 | €57,800 | €55,806 | ▼ 3.5% |
| Operating profit (loss)9901 | €29,563 | €32,340 | €34,555 | €38,386 | €37,802 | ▼ 1.5% |
| Financial income75/76B | - | €14 | €13 | €13 | €2,103 | ▲ 16,500% |
| Recurring financial income75 | €14 | €14 | €13 | €13 | €2,103 | ▲ 16,500% |
| Financial charges65/66B | - | €257 | €284 | €87 | €114 | ▲ 30.5% |
| Recurring financial charges65 | €184 | €257 | €284 | €87 | €114 | ▲ 30.5% |
| Profit (loss) for the period before taxes9903 | €29,393 | €32,096 | €34,284 | €38,312 | €39,792 | ▲ 3.9% |
| Income taxes67/77 | €7,619 | €8,340 | €9,149 | €10,224 | €12,448 | ▲ 21.8% |
| Profit (loss) for the period9904 | €21,774 | €23,756 | €25,135 | €28,087 | €27,344 | ▼ 2.6% |
| Profit (loss) for the period to be appropriated9905 | €21,774 | €23,756 | €25,135 | €28,087 | €27,344 | ▼ 2.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €542,589 | €572,619 | €596,579 | €624,656 | €645,115 | ▲ 3.3% |
| Fixed assets21/28 | €185,000 | €172,260 | €159,519 | €146,778 | €135,666 | ▼ 7.6% |
| Tangible fixed assets22/27 | €115,000 | €102,260 | €89,519 | €76,778 | €65,666 | ▼ 14.5% |
| Land and buildings22 | - | €102,260 | €89,519 | €76,778 | €65,666 | ▼ 14.5% |
| Financial fixed assets28 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Current assets29/58 | €357,589 | €400,360 | €437,061 | €477,878 | €509,449 | ▲ 6.6% |
| Amounts receivable within one year40/41 | €25,450 | €25,143 | €25,143 | €25,143 | €28,826 | ▲ 14.6% |
| Other amounts receivable41 | - | €25,143 | €25,143 | €25,143 | €28,826 | ▲ 14.6% |
| Current investments50/53 | €124,853 | €124,863 | €124,871 | €124,880 | - | - |
| Cash at bank and in hand54/58 | €203,961 | €246,889 | €283,535 | €324,239 | €476,954 | ▲ 47.1% |
| Deferred charges and accrued income490/1 | - | €3,466 | €3,511 | €3,616 | €3,669 | ▲ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €542,589 | €572,619 | €596,579 | €624,656 | €645,115 | ▲ 3.3% |
| Equity10/15 | €536,412 | €560,168 | €585,303 | €613,390 | €533,234 | ▼ 13.1% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €344,947 | €344,947 | €344,947 | €344,947 | €369,947 | ▲ 7.2% |
| Non-distributable reserves130/1 | - | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Legal reserve130 | - | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Distributable reserves133 | - | €323,947 | €323,947 | €323,947 | €348,947 | ▲ 7.7% |
| Profit (loss) carried forward14 | €129,965 | €153,721 | €178,855 | €206,943 | €101,787 | ▼ 50.8% |
| Amounts payable17/49 | €6,177 | €12,451 | €11,277 | €11,266 | €111,881 | ▲ 893% |
| Amounts payable within one year42/48 | €6,177 | €12,451 | €11,277 | €11,266 | €111,881 | ▲ 893% |
| Trade debts44 | €695 | €6,248 | €1,781 | - | €3,336 | - |
| Suppliers440/4 | - | €6,248 | €1,781 | - | €3,336 | - |
| Taxes, remuneration and social security45 | - | €5,836 | €9,146 | €10,220 | - | - |
| Taxes450/3 | - | €5,836 | €9,146 | €10,220 | - | - |
| Other amounts payable47/48 | - | €367 | €350 | €1,045 | €108,545 | ▲ 10,282% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,774 | €23,756 | €25,135 | €28,087 | €27,344 | ▼ 2.6% |
| + Depreciation and write-downs630 | €12,741 | €12,741 | €12,741 | €12,741 | €11,111 | ▼ 12.8% |
| Operating cash flow (approximation) | €34,515 | €36,497 | €37,876 | €40,828 | €38,455 | ▼ 5.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €42,927 | €36,647 | €40,704 | €152,715 | ▲ 275% |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 72 days late
29-02
Financial
Weakest financial yearnet €5,227 ▼86.9%
Net result drops to €5,227, the lowest in the series; recovery starts the following year.
29-02
Financial
Liquidity quadruplescurrent ratio 142.14
Current ratio from 32.33 to 142.14; short-term debt falls from €9,542 to €2,245.
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2018
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
23-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Namur · 1 establishment unit since 2001
Ground area
121 m²
Building footprint
28 m²
Volume, LiDAR
357 m³
Parcel 92094C1328/00A000, Wallonia · tallest building 14.8 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue de l'Ouvrage 21, 5000 Namur
since 20012.020.279.475
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C1328/00A000 | Wallonia | 121 m² | 1 · 28 m² | 14.8 m · 5 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.
Identification & contact
Identification
Legal formPublic limited company
Founded26-02-1979
Fiscal year end28-02
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419206977
Also
9925:BE0419206977
Registered
19-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.