ARBASAN
ActiveSummary
ARBASAN has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56k and a net result of €15k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 16% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+2
Solvency37▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.71 in 2023; short-term debt: 25.7% and cash: 12.7% of total assets), and 88% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
12%
Return on assets
3.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 37953 sector peers (2024).
NBB · sector comparisonPosition among 37953 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
33 d early
2022
25 d early
2021
33 d early
2020
2 d early
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€56k▼ 28.1%
2023 · €78k
Total assets
€466k▼ 4.6%
2023 · €489k
Net result
€15k▲ 39.3%
2023 · €11k
Working capital
€-30k▼ 11.8%
2023 · €-27k
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
Line20202021202220232024
Operating result€59k€20k▼ 65.3%€-11k€21k€30k▲ 42.5%
Net result€38k€7k▼ 81.8%€-20k€11k€15k▲ 39.3%
Equity€80k▲ 88.8%€87k▲ 8.5%€67k▼ 22.9%€78k▲ 15.7%€56k▼ 28.1%
Total assets€590k▲ 15.5%€587k▼ 0.5%€520k▼ 11.5%€489k▼ 6.0%€466k▼ 4.6%
Debt€510k▲ 8.9%€501k▼ 1.9%€453k▼ 9.5%€411k▼ 9.2%€410k▼ 0.2%
Working capital€15k€-21k€-44k▼ 110%€-27k▲ 39.7%€-30k▼ 11.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 43% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €466k
Fixed assets
€376k ▼ 11.2%
Current assets
€90k ▲ 37.8%
Equity and liabilities €466k
Equity
€56k ▼ 28.1%
Debt
€410k ▼ 0.2%
Debt's share of the balance-sheet total rises from 84.1% to 88.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€81k▲
2023 · €73k
Cash flow
€66k▲
2023 · €62k
Current ratio
0.75▲
2023 · 0.71
Debt to equity
7.37▲
2023 · 5.30
ROE
26.4%▲
2023 · 13.6%
ROA
3.1%▲
2023 · 2.2%
Interest coverage
10.80▲
2023 · 9.22
Debt ≤ 1 year
€120k▲
2023 · €92k
Debt > 1 year
€290k▼
2023 · €319k
Income taxes
€8k▲
2023 · €3k
Staff costs
€0=
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0 | €0 | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53k | €43k | €51k | €51k | €51k | ▼ 0.6% |
| Other operating charges640/8 | - | €8k | €3k | €3k | €3k | ▲ 3.9% |
| Gross operating margin9900 | €114k | €71k | €43k | €76k | €85k | ▲ 11.6% |
| Operating profit (loss)9901 | €59k | €20k | €-11k | €21k | €30k | ▲ 42.5% |
| Financial income75/76B | - | - | - | €0 | €10 | ▲ 2,329% |
| Recurring financial income75 | €2 | - | - | €0 | €10 | ▲ 2,329% |
| Financial charges65/66B | - | €9k | €9k | €8k | €8k | ▼ 4.3% |
| Recurring financial charges65 | €9k | €9k | €9k | €8k | €8k | ▼ 4.3% |
| Profit (loss) for the period before taxes9903 | €50k | €11k | €-19k | €13k | €23k | ▲ 70.5% |
| Income taxes67/77 | €12k | €5k | €503 | €3k | €8k | ▲ 192% |
| Profit (loss) for the period9904 | €38k | €7k | €-20k | €11k | €15k | ▲ 39.3% |
| Profit (loss) for the period to be appropriated9905 | €38k | €7k | €-20k | €11k | €15k | ▲ 39.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €590k | €587k | €520k | €489k | €466k | ▼ 4.6% |
| Fixed assets21/28 | €467k | €519k | €473k | €423k | €376k | ▼ 11.2% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €467k | €519k | €473k | €423k | €376k | ▼ 11.2% |
| Land and buildings22 | - | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | €5k | €5k | €4k | ▼ 10.8% |
| Furniture and vehicles24 | - | €70k | €54k | €38k | €26k | ▼ 31.4% |
| Other tangible fixed assets26 | - | €449k | €415k | €380k | €345k | ▼ 9.2% |
| Current assets29/58 | €123k | €68k | €47k | €66k | €90k | ▲ 37.8% |
| Amounts receivable within one year40/41 | €43k | €6k | €2k | €29k | €30k | ▲ 4.4% |
| Trade receivables40 | - | €5k | €0 | €28k | €30k | ▲ 6.4% |
| Other amounts receivable41 | - | €2k | €2k | €537 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €80k | €62k | €44k | €36k | €59k | ▲ 62.3% |
| Deferred charges and accrued income490/1 | - | - | €328 | €345 | €1k | ▲ 235% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €590k | €587k | €520k | €489k | €466k | ▼ 4.6% |
| Equity10/15 | €80k | €87k | €67k | €78k | €56k | ▼ 28.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €63k | €68k | €68k | €68k | €36k | ▼ 46.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €66k | €66k | €66k | €35k | ▼ 47.7% |
| Profit (loss) carried forward14 | €-2k | €397 | €-19k | €-9k | €741 | ▲ 108% |
| Amounts payable17/49 | €510k | €501k | €453k | €411k | €410k | ▼ 0.2% |
| Amounts payable after more than one year17 | €402k | €411k | €362k | €319k | €290k | ▼ 9.0% |
| Financial debts170/4 | - | €411k | €362k | €319k | €290k | ▼ 9.0% |
| Amounts payable within one year42/48 | €108k | €89k | €91k | €92k | €120k | ▲ 30.3% |
| Current portion of amounts payable after more than one year42 | - | €48k | €49k | €43k | €29k | ▼ 33.7% |
| Trade debts44 | €23k | €4k | €320 | €1k | €1k | ▼ 13.0% |
| Suppliers440/4 | - | €4k | €320 | €1k | €1k | ▼ 13.0% |
| Taxes, remuneration and social security45 | - | €5k | €5k | €11k | €17k | ▲ 61.1% |
| Taxes450/3 | - | €5k | €5k | €11k | €17k | ▲ 61.1% |
| Remuneration and social security454/9 | - | €0 | €0 | €0 | €0 | - |
| Other amounts payable47/48 | - | €32k | €36k | €37k | €73k | ▲ 97.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €7k | €-20k | €11k | €15k | ▲ 39.3% |
| + Depreciation and write-downs630 | €53k | €43k | €51k | €51k | €51k | ▼ 0.6% |
| Operating cash flow (approximation) | €91k | €49k | €31k | €62k | €66k | ▲ 6.2% |
| Investment in fixed assets (approximation) | - | €-94k | €-5k | €-1k | €-4k | ▼ 195% |
| Change in cash | - | €-18k | €-18k | €-8k | €23k | ▲ 392% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.13
Current ratio from 0.51 to 1.13.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Grâce-Hollogne · 1 establishment unit since 2016
Ground area
1,590 m²
Building footprint
149 m²
Volume, LiDAR
1,034 m³
Parcel 62454A0606/00K000, Wallonia · tallest building 14.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARBASAN
since 20162.249.730.896
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62454A0606/00K000 | Wallonia | 1,590 m² | 1 · 149 m² | 14.1 m · 2 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 82,632 companies in sector 70200 we hold annual accounts for 52,587. 38,617 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
Founded12-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68321Property management for co-owned buildings (syndics)
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.