Arbane
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 16% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| part-time | 0 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 0.6 |
| On a permanent contract | 0 |
| Joined | 1 |
| Left | 0 |
| Training hours | 0 |
Source: social balance sheet in the 2024 annual accounts
Securities and guarantees
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Pledge on the business | - | €250,000 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €403,083 | €120,648 | €21,557 |
| Intangible fixed assets | €2,375 | - | - |
| Depreciation and write-downs of the year | €14,214 | €39,971 | €43,611 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €175 | €19,307 | €5,807 | ▼ 69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,214 | €39,971 | €43,611 | ▲ 9.1% |
| Other operating charges640/8 | €1,120 | €1,628 | €553 | ▼ 66.0% |
| Gross operating margin9900 | €26,692 | €75,030 | €61,890 | ▼ 17.5% |
| Operating profit (loss)9901 | €11,182 | €14,124 | €11,919 | ▼ 15.6% |
| Financial income75/76B | €5 | €8 | - | - |
| Recurring financial income75 | €5 | €8 | - | - |
| Financial charges65/66B | €12,781 | €16,149 | €16,978 | ▲ 5.1% |
| Recurring financial charges65 | €12,781 | €16,149 | €16,978 | ▲ 5.1% |
| Profit (loss) for the period before taxes9903 | -€1,593 | -€2,016 | -€5,059 | ▼ 151% |
| Profit (loss) for the period9904 | -€1,593 | -€2,016 | -€5,059 | ▼ 151% |
| Profit (loss) for the period to be appropriated9905 | -€1,593 | -€2,016 | -€5,059 | ▼ 151% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €479,715 | €452,938 | €409,000 | ▼ 9.7% |
| Fixed assets21/28 | €391,244 | €410,865 | €388,811 | ▼ 5.4% |
| Intangible fixed assets21 | €2,186 | €1,711 | €1,236 | ▼ 27.8% |
| Tangible fixed assets22/27 | €389,058 | €409,154 | €387,575 | ▼ 5.3% |
| Plant, machinery and equipment23 | €8,899 | €27,542 | €21,391 | ▼ 22.3% |
| Furniture and vehicles24 | €32,917 | €24,905 | €16,184 | ▼ 35.0% |
| Other tangible fixed assets26 | €286,186 | €356,708 | €350,000 | ▼ 1.9% |
| Assets under construction and advance payments27 | €61,055 | €0 | - | - |
| Current assets29/58 | €88,471 | €42,072 | €20,189 | ▼ 52.0% |
| Stocks and contracts in progress3 | €17,223 | €11,879 | €6,527 | ▼ 45.1% |
| Stocks30/36 | €17,223 | €11,879 | €6,527 | ▼ 45.1% |
| Amounts receivable within one year40/41 | €68,325 | €1,537 | €1,486 | ▼ 3.3% |
| Trade receivables40 | €67,835 | €1,503 | €1,486 | ▼ 1.1% |
| Other amounts receivable41 | €490 | €35 | - | - |
| Cash at bank and in hand54/58 | €2,232 | €23,084 | €11,857 | ▼ 48.6% |
| Deferred charges and accrued income490/1 | €691 | €5,572 | €319 | ▼ 94.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €479,715 | €452,938 | €409,000 | ▼ 9.7% |
| Equity10/15 | €18,407 | €16,391 | €11,332 | ▼ 30.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€1,593 | -€3,609 | -€8,668 | ▼ 140% |
| Amounts payable17/49 | €461,308 | €436,547 | €397,668 | ▼ 8.9% |
| Amounts payable after more than one year17 | €337,807 | €315,469 | €271,466 | ▼ 13.9% |
| Financial debts170/4 | €337,807 | €315,469 | €271,466 | ▼ 13.9% |
| Amounts payable within one year42/48 | €123,446 | €121,078 | €126,202 | ▲ 4.2% |
| Current portion of amounts payable after more than one year42 | €36,951 | €44,918 | €47,202 | ▲ 5.1% |
| Trade debts44 | €64,521 | €16,948 | €13,935 | ▼ 17.8% |
| Suppliers440/4 | €64,521 | €16,948 | €13,935 | ▼ 17.8% |
| Taxes, remuneration and social security45 | €64 | €7,721 | €5,751 | ▼ 25.5% |
| Taxes450/3 | €64 | €5,213 | €5,289 | ▲ 1.5% |
| Remuneration and social security454/9 | - | €2,509 | €462 | ▼ 81.6% |
| Other amounts payable47/48 | €21,910 | €51,490 | €59,314 | ▲ 15.2% |
| Accrued charges and deferred income492/3 | €55 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,593 | -€2,016 | -€5,059 | ▼ 151% |
| + Depreciation and write-downs630 | €14,214 | €39,971 | €43,611 | ▲ 9.1% |
| Operating cash flow (approximation) | €12,621 | €37,955 | €38,552 | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | -€59,593 | -€21,557 | ▲ 63.8% |
| Change in cash | - | €20,852 | -€11,227 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,301 companies had the same profile as Arbane has now. Two years later, 92.6% were still going and 5.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Arbane itself: 2.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,301 companies, not a prediction for Arbane. 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.