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ARB CONSTRUCT

Active
Private limited companyfounded 2021active for 5 yearsClos Pégase 11, 1410 Waterloo, BelgiumKBO/BCE: BE 0763.703.962
Summary

The computed 12-month bankruptcy probability of ARB CONSTRUCT is 3.1% (moderate). The 2024 annual accounts show equity of €127,254 and a net result of €129,264. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 5,848 sector peers (NACE 81, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Landscape service activities
NACE 81300Other building finishing work NACE 43350
1 site
Size
€324,752total assets 2024
Staff
0.8 FTE
Equity
€127,254
Profit
€129,264
Turnover not published (micro format)
Financial health
52 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.1%
Structure
Accounts 84 days overdue1 of 4 deeds read
Why 52raises riskFigures for financial year 2024 (filed 02-10-2025)1 financial year not filed after the legal deadline; latest accounts 61 days late; 1 of the last 3 lateFounded in 2021Sector: Services to buildings and landscape activities (NACE 81)Show the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 68% of its sector peers (NACE 81, micro)
Financial strength · tick = 2023
Strong
Solvency 64+42
equity 39.2% of total assets
Liquidity 40-2
short-term debt 59.3% · cash 16.7%
Profitability 100=
return on assets 39.8%
Bankruptcy probability, 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (7,695 companies, NACE 81, micro)
Last 24 months 11-2024: 1.2% 12-2024: 1.2%● unchanged vs 11-2024 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.1%▼ -0.1 percentage points vs 01-2025lowest value 03-2025: 1.1%● unchanged vs 02-2025lowest value 04-2025: 1.2%▲ +0.1 percentage points vs 03-2025 05-2025: 1.3%▲ +0.1 percentage points vs 04-2025 06-2025: 1.3%● unchanged vs 05-2025 07-2025: 1.4%▲ +0.1 percentage points vs 06-2025 08-2025: 2.0%▲ +0.6 percentage points vs 07-2025 09-2025: 2.4%▲ +0.4 percentage points vs 08-2025 10-2025: 3.6%▲ +1.2 percentage points vs 09-2025highest value 11-2025: 1.4%▼ -2.2 percentage points vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.3%▼ -0.1 percentage points vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.3%● unchanged vs 03-2026 05-2026: 1.4%▲ +0.1 percentage points vs 04-2026 06-2026: 1.3%▼ -0.1 percentage points vs 05-2026 07-2026: 1.4%▲ +0.1 percentage points vs 06-2026 08-2026: 1.8%▲ +0.4 percentage points vs 07-2026 09-2026: 2.0%▲ +0.2 percentage points vs 08-2026 10-2026: 3.1%▲ +1.1 percentage points vs 09-2026
Credit of up to €6,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 1.68, compared with 1.31 in 2023, above the usual 1.5; short-term debt: 59.3% and cash: 16.7% of total assets), but 60.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 81, micro): better than 47% on solvency, 32% on liquidity, 92% on profitability and 99% on growth.

The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Figures for financial year 2024 (filed 02-10-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 61 days late; 1 of the last 3 late
NBB · filings
raises risk · Founded in 2021
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Services to buildings and landscape activities (NACE 81)
KBO
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 84 days later.
NBB · 4 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline23-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filings
Deviation from the deadline
2025
not filed
2024
61 days late
2023
34 days early
2022
28 days early
2021
25 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 6 days after the deadline; the sector median (NACE 81) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Appointment: MOREIRA BRIGA Lucas Daniel (director)Share transfer
  3. Highest result from 2021 to 2024net €129,264 ▲522%

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 23 October 2026.

Equity
€127,254
2023 · -€2,010
Total assets
€324,752▲ 412%
2023 · €63,426
Net result
€129,264▲ 522%
2023 · €20,770
Working capital
€131,221▲ 782%
2023 · €14,886
Trend over the years

2021 to 2024, 4 financial years

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 290% above 2023 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€165,235 2024 Net result€129,264 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 81, Services to buildings and landscape activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2021202220232024
Operating result€44,306--€52,992€42,346€165,235▲ 290%
Net result€29,805above the sector's middle half--€57,584below the sector's middle half€20,770within the sector's middle half€129,264above the sector's middle half▲ 522%
Equity€34,805within the sector's middle half--€22,779below the sector's middle half-€2,010below the sector's middle half▲ 91.2%€127,254above the sector's middle half
Total assets€141,958within the sector's middle half-€470,308above the sector's middle half▲ 231%€63,426within the sector's middle half▼ 86.5%€324,752above the sector's middle half▲ 412%
Debt€107,154-€493,087▲ 360%€65,435▼ 86.7%€197,498▲ 202%
Working capital€35,021within the sector's middle half-€199,591above the sector's middle half▲ 470%€14,886within the sector's middle half▼ 92.5%€131,221above the sector's middle half▲ 782%
Solvency24.5%within the sector's middle half--4.8%below the sector's middle half▼ 29.4pp-3.2%below the sector's middle half▲ 1.7pp39.2%within the sector's middle half▲ 42.4pp
Current ratio1.33within the sector's middle half-1.74within the sector's middle half▲ 0.411.31within the sector's middle half▼ 0.431.68within the sector's middle half▲ 0.38
Return on assets (ROA)21.0%above the sector's middle half--12.2%below the sector's middle half▼ 33.2pp32.7%above the sector's middle half▲ 45.0pp39.8%above the sector's middle half▲ 7.1pp
Staff (FTE)0.5-1.2▲ 140%0.3▼ 75.0%0.8▲ 167%
above within below the middle half of NACE 81, Services to buildings and landscape activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
Assets €324,752
Fixed assets €1,082
Current assets €323,670
Equity and liabilities €324,752
Equity €127,254
Debt €197,498
Debt finances 60.8% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
€165,490
Cash flow
€129,519
Debt to equity
1.55
ROE
101.6%
Interest coverage
26.87
Debt ≤ 1 year
€192,449▲
2023 · €48,539
Debt > 1 year
€5,049▼
2023 · €16,896
Income taxes
€30,998▲
2023 · €168
Staff costs
€35,065▲
2023 · €24,652
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,974 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.5% stopped otherwise
94.9% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 26,974 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€63,426€324,752▲
Fixed assets21/28-€1,082
Tangible fixed assets22/27-€1,082
Plant, machinery and equipment23-€1,082
Current assets29/58€63,426€323,670▲
Amounts receivable within one year40/41€46,236€269,418▲
Trade receivables40€36,263€231,267▲
Other amounts receivable41€9,972€38,151▲
Cash at bank and in hand54/58€17,190€54,252▲
Equity and liabilities
Total equity and liabilities10/49€63,426€324,752▲
Equity10/15-€2,010€127,254▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€7,010€122,254▲
Amounts payable17/49€65,435€197,498▲
Amounts payable after more than one year17€16,896€5,049▼
Financial debts170/4€16,896€5,049▼
Amounts payable within one year42/48€48,539€192,449▲
Current portion of amounts payable after more than one year42€11,475€11,847▲
Trade debts44€8,028€134,127▲
Suppliers440/4€8,028€134,127▲
Taxes, remuneration and social security45€11,348€44,077▲
Taxes450/3€11,315€38,718▲
Remuneration and social security454/9€33€5,359▲
Other amounts payable47/48€17,689€2,399▼
Income statement Code20232024
Remuneration, social security and pensions62€24,652€35,065▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€255
Other operating charges640/8€5,813€1,494▼
Gross operating margin9900€72,810€202,049▲
Operating profit (loss)9901€42,346€165,235▲
Financial income75/76B€263€1,186▲
Recurring financial income75€263€1,186▲
Financial charges65/66B€21,672€6,159▼
Recurring financial charges65€21,672€6,159▼
Profit (loss) for the period before taxes9903€20,937€160,262▲
Income taxes67/77€168€30,998▲
Profit (loss) for the period9904€20,770€129,264▲
Profit (loss) for the period to be appropriated9905€20,770€129,264▲
Appropriation of the result
Profit (loss) to be appropriated9906-€7,010€122,254▲
Profit (loss) brought forward from the previous period14P-€27,779-€7,010▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Remuneration, social security and pensions62€19,892€56,697€24,652€35,065▲ 42.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€255-
Other operating charges640/8€8,279€4,888€5,813€1,494▼ 74.3%
Gross operating margin9900€72,477€8,593€72,810€202,049▲ 178%
Operating profit (loss)9901€44,306-€52,992€42,346€165,235▲ 290%
Financial income75/76B€0€2€263€1,186▲ 350%
Recurring financial income75€0€2€263€1,186▲ 350%
Financial charges65/66B€2,396€3,854€21,672€6,159▼ 71.6%
Recurring financial charges65€2,396€3,854€21,672€6,159▼ 71.6%
Profit (loss) for the period before taxes9903€41,911-€56,844€20,937€160,262▲ 665%
Income taxes67/77€12,106€740€168€30,998▲ 18,374%
Profit (loss) for the period9904€29,805-€57,584€20,770€129,264▲ 522%
Profit (loss) for the period to be appropriated9905€29,805-€57,584€20,770€129,264▲ 522%
Line2021202220232024Change
Assets
Total assets20/58€141,958€470,308€63,426€324,752▲ 412%
Fixed assets21/28---€1,082-
Tangible fixed assets22/27---€1,082-
Plant, machinery and equipment23---€1,082-
Current assets29/58€141,958€470,308€63,426€323,670▲ 410%
Stocks and contracts in progress3-€277,258---
Stocks30/36-€277,258---
Amounts receivable within one year40/41€117,563€138,409€46,236€269,418▲ 483%
Trade receivables40€117,563€110,329€36,263€231,267▲ 538%
Other amounts receivable41-€28,080€9,972€38,151▲ 283%
Cash at bank and in hand54/58€21,038€38,428€17,190€54,252▲ 216%
Deferred charges and accrued income490/1€3,358€16,212---
Equity and liabilities
Total equity and liabilities10/49€141,958€470,308€63,426€324,752▲ 412%
Equity10/15€34,805-€22,779-€2,010€127,254-
Contributions10/11€5,000€5,000€5,000€5,000=
Profit (loss) carried forward14€29,805-€27,779-€7,010€122,254-
Amounts payable17/49€107,154€493,087€65,435€197,498▲ 202%
Amounts payable after more than one year17-€222,371€16,896€5,049▼ 70.1%
Financial debts170/4-€222,371€16,896€5,049▼ 70.1%
Amounts payable within one year42/48€106,938€270,717€48,539€192,449▲ 296%
Current portion of amounts payable after more than one year42-€156,115€11,475€11,847▲ 3.2%
Trade debts44€74,636€79,542€8,028€134,127▲ 1,571%
Suppliers440/4€74,636€79,542€8,028€134,127▲ 1,571%
Taxes, remuneration and social security45€30,761€16,953€11,348€44,077▲ 288%
Taxes450/3€25,569€4,000€11,315€38,718▲ 242%
Remuneration and social security454/9€5,192€12,953€33€5,359▲ 16,178%
Other amounts payable47/48€1,540€18,107€17,689€2,399▼ 86.4%
Accrued charges and deferred income492/3€216----
Line2021202220232024Change
Profit (loss) for the period9904€29,805-€57,584€20,770€129,264▲ 522%
+ Depreciation and write-downs630---€255-
Operating cash flow (approximation)€29,805-€57,584€20,770€129,519▲ 524%
Change in cash-€17,391-€21,239€37,063-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2024 micro format 30-09-2025 2025-00524689
31-12-2023 micro format 27-06-2024 2024-00189131
31-12-2022 micro format 03-07-2023 2023-00206528
31-12-2021 micro format 25-08-2022 2022-20341911

Similar companies · same sector, comparable size

Of the 21,107 active companies whose main activity is landscape service activities (NACE 81300), figures are known for 4,442. 3,640 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2025
MOREIRA BRIGA Lucas Daniel
Director · since 19-05-2025
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
3 of this company's 4 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

1 person since 2025, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
MOREIRA BRIGA Lucas Daniel
  • Director, from 19-05-2025 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
Share transfer act of 10-07-2025 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

ARB CONSTRUCT was incorporated on 16 February 2021 as a private limited company.1 Total assets rose from €141,958 in 2021 to €324,752 in 2024 and headcount from 0.5 to 0.8 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2021 and 2024

Acts, filings and financial milestones

2025
30-09
NBB filing Annual accounts filed
financial year 2024 · micro format · 61 days late
10-07
Gazette deed Appointment: MOREIRA BRIGA Lucas Daniel (director)
Share transfer3 facts ▸
  • General meeting, 19-05-2025
  • Share transfer, RIBEIRO BRIGA Adao → MOREIRA BRIGA Lucas Daniel
  • Director appointment, MOREIRA BRIGA Lucas Daniel (director)
2024
31-12
Financial Highest result from 2021 to 2024net €129,264 ▲522%
Operating result €165,235, net result €129,264, both a record.
31-12
Financial Equity above €100,000equity €127,254
2 profitable years in a row build equity to €127,254.
27-06
NBB filing Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial Back to profitnet €20,770
Net result €20,770 after one loss-making year.
03-07
NBB filing Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial Weakest financial yearnet -€57,584
Net result drops to -€57,584, the lowest in the series; recovery starts the following year.
25-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 25 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 4 deeds read
About the unread acts

Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded16-02-2021
Financial year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
81300Landscape service activities
43230Insulation installation
43331Floor and wall tiling
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID 0208:0763703962
Also 9925:BE0763703962
Registered 16-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 23 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0763.703.962

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2021
registered office establishment The establishment unit on the map
Ground area
1,450 m²
Building footprint
201 m²
Parcel 25764N0697/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
.
Clos Pégase 11, 1410 WaterlooLandscape service activities
since 2021unit no. 2.313.270.549
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
25764N0697/00A000 Wallonia 1,450 m² 1 · 201 m² -
How the parcels are linked
Good to know
The parcel matches the address exactly.