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ARBE Projects

Active
Private limited companyfounded 2024active for 2 yearsTerlindenweg 4a, 1730 Asse, BelgiumKBO/BCE: BE 1011.969.227
Summary

The computed 12-month bankruptcy probability of ARBE Projects is 2.7% (moderate). The 2025 annual accounts show equity of €5,506 and a net result of €506. Its solvency ranks better than 35% of 13,692 sector peers (NACE 46, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Agents in the wholesale of furniture, household goods and hardware
NACE 46150
1 site
Size
≈ €110,000turnover 2025, estimated
Equity
€5,506
Profit
€506
Turnover estimated from the gross margin
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.7%
Structure
2025 accounts filed 59 days late
Why 52raises riskFounded in 2024Last filed accounts filed 59 days late; 1 of the last 3 late1 change of registered office in 24 monthslowers riskLiquidity: current ratio 0.58, cash €5,737Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 51% of its sector peers (NACE 46, micro)
Financial strength
Average
Solvency 46
equity 21.4% of total assets
Liquidity 59
short-term debt 39.8% · cash 22.3%
Profitability 71
return on assets 2.0%
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 08-2025: 1.6%lowest value 09-2025: 1.6%● unchanged vs 08-2025lowest value 10-2025: 1.7%▲ +0.1 percentage points vs 09-2025 11-2025: 2.0%▲ +0.3 percentage points vs 10-2025 12-2025: 2.1%▲ +0.1 percentage points vs 11-2025 01-2026: 2.4%▲ +0.3 percentage points vs 12-2025 02-2026: 2.4%● unchanged vs 01-2026 03-2026: 2.6%▲ +0.2 percentage points vs 02-2026 04-2026: 2.7%▲ +0.1 percentage points vs 03-2026 05-2026: 2.5%▼ -0.2 percentage points vs 04-2026 06-2026: 2.8%▲ +0.3 percentage points vs 05-2026 07-2026: 2.9%▲ +0.1 percentage points vs 06-2026 08-2026: 5.3%▲ +2.4 percentage points vs 07-2026highest value 09-2026: 5.3%● unchanged vs 08-2026highest value 10-2026: 2.7%▼ -2.6 percentage points vs 09-2026
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 46, micro): better than 33% on solvency, 65% on liquidity and 56% on profitability.

The bankruptcy probability was computed on 30-10-2026 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

Five signals.
lowers riskraises risk
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Last filed accounts filed 59 days late; 1 of the last 3 late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 0.58, cash €5,737
NBB · annual accounts
raises risk · 2025 accounts filed 59 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 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 · 1 filing
Deviation from the deadline
2025
59 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Registered officeRegistered-office move
  3. IncorporationAppointment: BEKAERT Arno (director) ·…

Financials · financial year 2025, micro format

2025 annual accounts filed late (59 days) Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00526357.

Turnover
≈ €110,000
Estimated: probably between €52,000 and €200,000
Total assets
€25,779
Net result
€506
Working capital
-€4,335

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €25,779
Fixed assets €19,841
Current assets €5,938
Equity and liabilities €25,779
Equity €5,506
Debt €20,273
Debt finances 78.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€12,137
Cash flow
€8,920
Current ratio
0.58
Debt to equity
3.68
ROE
9.2%
ROA
2.0%
Interest coverage
over 100
Debt ≤ 1 year
€10,273
Debt > 1 year
€10,000
Income taxes
€3,184

Peer companies

Historical observation

Of the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
94.9% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,445 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% 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%

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 2,542 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 · 2025 · 31 lines
Balance sheet Code2025
Assets
Total assets20/58€25,779
Fixed assets21/28€19,841
Tangible fixed assets22/27€19,841
Furniture and vehicles24€19,841
Current assets29/58€5,938
Amounts receivable within one year40/41€91
Other amounts receivable41€91
Cash at bank and in hand54/58€5,737
Deferred charges and accrued income490/1€111
Equity and liabilities
Total equity and liabilities10/49€25,779
Equity10/15€5,506
Contributions10/11€5,000
Profit (loss) carried forward14€506
Amounts payable17/49€20,273
Amounts payable after more than one year17€10,000
Financial debts170/4€10,000
Amounts payable within one year42/48€10,273
Taxes, remuneration and social security45€5,745
Taxes450/3€5,745
Other amounts payable47/48€4,528
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,414
Other operating charges640/8€1,162
Gross operating margin9900€13,299
Operating profit (loss)9901€3,723
Financial charges65/66B€33
Recurring financial charges65€33
Profit (loss) for the period before taxes9903€3,690
Income taxes67/77€3,184
Profit (loss) for the period9904€506
Profit (loss) for the period to be appropriated9905€506
Appropriation of the result
Profit (loss) to be appropriated9906€506

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

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,414
Other operating charges640/8€1,162
Gross operating margin9900€13,299
Operating profit (loss)9901€3,723
Financial charges65/66B€33
Recurring financial charges65€33
Profit (loss) for the period before taxes9903€3,690
Income taxes67/77€3,184
Profit (loss) for the period9904€506
Profit (loss) for the period to be appropriated9905€506
Line2025
Assets
Total assets20/58€25,779
Fixed assets21/28€19,841
Tangible fixed assets22/27€19,841
Furniture and vehicles24€19,841
Current assets29/58€5,938
Amounts receivable within one year40/41€91
Other amounts receivable41€91
Cash at bank and in hand54/58€5,737
Deferred charges and accrued income490/1€111
Equity and liabilities
Total equity and liabilities10/49€25,779
Equity10/15€5,506
Contributions10/11€5,000
Profit (loss) carried forward14€506
Amounts payable17/49€20,273
Amounts payable after more than one year17€10,000
Financial debts170/4€10,000
Amounts payable within one year42/48€10,273
Taxes, remuneration and social security45€5,745
Taxes450/3€5,745
Other amounts payable47/48€4,528
Line2025
Profit (loss) for the period9904€506
+ Depreciation and write-downs630€8,414
Operating cash flow (approximation)€8,920

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 (1)
Financial year Type Filed Reference
31-12-2025 micro format 28-09-2026 2026-00526357

Similar companies · same sector, comparable size

Of the 1,700 active companies whose main activity is agents in the wholesale of furniture, household goods and hardware (NACE 46150), figures are known for 776. 302 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, no change since 2024
BEKAERT Arno
Director · since 30-07-2024
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 →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
BEKAERT Arno
  • Director, from 30-07-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 30-07-2024 ↗

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

Capital over the years
  1. 30-07-2024 Incorporation · €5,000 · 1,000 shares
  2. 30-07-2024 Converted to available equity

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

On 26 July 2024, ARBE Projects was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 In 2026 the registered office moved to Asse.3 BEKAERT Arno has served as director of the company since 2024.2

  1. 1KBO register
  2. 2Belgian Official Gazette, 30-07-2024
  3. 3Belgian Official Gazette, 07-07-2026

Acts, filings and financial milestones

2026
28-09
NBB filing Annual accounts filed
financial year 2025 · micro format · 59 days late
07-07
Gazette deed Registered office
Registered-office move2 facts ▸
  • General meeting, 27-05-2026
  • Registered-office move, Terlindenweg 4a,1730 Asse
2024
30-07
Gazette deed Incorporation
Appointment: BEKAERT Arno (director) · Founder · Founding capital13 facts ▸
  • Incorporation, “ARBE Projects” (deed in Dutch)
  • Founder, BEKAERT Arno
  • Founding capital, €5,000
  • Bank account, 5000, “bijzondere rekening vennootschap in oprichting” (deed in Dutch)
  • Other provision, 15-07-2024
  • Capital
  • Shareholding, 1000
  • Registered office clause, “1785 Merchtem,Brussegemkerkstraat 27A” (deed in Dutch)
  • Other provision, “Website en e-mail adres, geen e-mailadres noch website vastleggen” (deed in Dutch)
  • Director appointment, BEKAERT Arno (director)
  • Other provision, “bestuursvereisten en JUSTBAN-controle, Centraal Register van Bestuursverboden (JUSTBAN)” (deed in Dutch)
  • Capital conversion, “statutair beschikbare eigen vermogensrekening” (deed in Dutch)
  • +1 further fact in this act
Gazette deedNBB filing
2 of 2 deeds read

Register details

Identification
Legal formPrivate limited company
Founded26-07-2024
Financial year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
46130Agents in the wholesale of timber and building materials
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1011969227
Also 9925:BE1011969227
Registered 30-09-2025

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

Register as of 31 October 2026 · Peppol Directory

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

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

Sites & property

Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
1,586 m²
Building footprint
306 m²
Building volume
1,735 m³
2 parcels, Flanders · tallest building 8.7 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
ARBE Projects
Brussegemkerkstraat 27A, 1785 MerchtemAgents in the wholesale of furniture, household goods and hardware
since 2024unit no. 2.362.886.346
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
23002F0254/00C004 Flanders 1,191 m² 1 · 230 m² 7.4 m · 2
23012G0337/00Z000 Flanders 396 m² 1 · 75 m² 8.7 m · 2
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
ARBE Projects
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, bestuursorgaan kan bij enkel besluit administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of…” (deed in Dutch)

deed of 30-07-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Artikel 12. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
Board ruleHow the board is made up, meets and takes decisions.
“Bestuursorgaan, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
“1” (deed in Dutch)

deed of 30-07-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Friday of June at 19:00

deed of 30-07-2024

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

deed of 30-07-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Wettelijke grenzen, Schriftelijke algemene vergadering” (deed in Dutch)
Other provision: “Door vennootschap ter beschikking gesteld elektronisch communicatiemiddel, Deelneming aan algemene vergadering op afstand langs…” (deed in Dutch)
Other provision: “Bestemming van de winst-reserves, algemene vergadering” (deed in Dutch)
Other provision: “Bestuursorgaan, Interimdividend” (deed in Dutch)
Other provision: “Overgangsbepalingen en beslissingen van de oprichters-inwerkingtreding, enige oprichter” (deed in Dutch)
1 more provision in the deed, see the deed of 30-07-2024

deed of 30-07-2024