Equity
ARBA paid out €4,500 in dividends. That is 50% of the 2025 profit.
ARBA paid out €4,500 in dividends. That is 50% of the 2025 profit.
Turnover rose in 2025 from €180,716 to €236,524.
Green is investment, beige is depreciation.
ARBA pays its suppliers 20 days earlier than in 2024. Customers pay 38 days earlier.
Seven of the last ten came late. The 2021 accounts came latest: 71 days after the end of the period.
In July 2024, 31,368 companies had the same profile as ARBA has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for ARBA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| ARBA Mortsel | €85,186 | €14,942 | 63.9% | - |
| Tenax Hooglede | €210,655 | €30,470 | 54.4% | - |
| GE KA.CE Ranst | €248,102 | €7,730 | 85.1% | - |
| SOTEBA Nivelles | €170,122 | €124,373 | 77.5% | - |
| FLUITEN BELGIUM Mons | €176,093 | €18,418 | 48.3% | - |
| Leon Smet Schoten | €496,004 | €63,088 | 94.9% | - |
| SIMAC TRADING Verviers | €636,329 | €53,765 | 74.5% | - |
These companies have the same main activity as ARBA: manufacture of rubber and plastic products (NACE 22120). They are comparable in size and age: total assets between €170,000 and €636,000, founded between 1968 and 2006.
ARBA has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,465 and a net result of €9,070.
Equity has been growing by about 11% per year since 2018. Its solvency ranks better than 75% of 158 sector peers (NACE 22, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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