ARBEFRY
ActiveARBEFRY has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €212k and a net result of €17k. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 4500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▲+40
Solvency15▲+4
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity short (current ratio 0.22 against 0.14 in 2024), and 79.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.5%
Return on assets
1.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
1 d early
2023
1 d early
2022
31 d late
2021
58 d early
2020
1 d early
2019
61 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17k
2024 · €-1k
2018: €3k
2019: €-1k
2020: €-17k
2021: €-1k
2022: €-34k
2023: €-3k
2024: €-1k
2018 → 2025
Working capital
€-417k▲ 10.0%
2024 · €-463k
2018: €-306k
2019: €-257k
2020: €-288k
2021: €-312k
2022: €-377k
2023: €-427k
2024: €-463k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€234k-€200k▼ 14.6%€197k▼ 1.6%€195k▼ 0.6%€212k▲ 8.7%
Operating result€23k-€-9k€24k€26k▲ 10.2%€45k▲ 73.7%
Net result€-1k-€-34k▼ 2,920%€-3k▲ 90.9%€-1k▲ 60.7%€17k
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 74% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€913k▼ 14.1%
Current assets
€121k▲ 58.1%
Equity and liabilities €1.03M
Equity
€212k▲ 8.7%
Debt
€822k▼ 12.9%
The debt ratio falls from 82.9% to 79.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€189k▲
2024 · €151k
Cash flow
€160k▲
2024 · €124k
Solvency
20.5%▲
2024 · 17.1%
Current ratio
0.22▲
2024 · 0.14
Quick ratio
0.22▲
2024 · 0.14
Debt / equity
3.87▼
2024 · 4.83
ROE
8.0%▲
2024 · -0.6%
ROA
1.6%▲
2024 · -0.1%
Interest coverage
7.15▲
2024 · 5.61
Debt
€822k▼
2024 · €944k
Debt ≤ 1 year
€538k▼
2024 · €540k
Debt > 1 year
€284k▼
2024 · €403k
Income taxes
€2k▲
2024 · €249
Staff costs
€0▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.14M€1.03M▼
Fixed assets21/28€1.06M€913k▼
Tangible fixed assets22/27€1.06M€913k▼
Land and buildings22€468k€430k▼
Plant, machinery and equipment23€586k€483k▼
Furniture and vehicles24€9k€0▼
Current assets29/58€76k€121k▲
Amounts receivable within one year40/41€59k€47k▼
Trade receivables40€59k€47k▼
Other amounts receivable41€101€0▼
Cash at bank and in hand54/58€7k€73k▲
Deferred charges and accrued income490/1€10k€434▼
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.03M▼
Equity10/15€195k€212k▲
Contributions10/11€129k€129k=
Capital10€129k€129k=
Issued capital100€129k€129k=
Reserves13€66k€83k▲
Non-distributable reserves130/1€60k€60k=
Legal reserve130€60k€60k=
Distributable reserves133€6k€23k▲
Profit (loss) carried forward14€310€319▲
Amounts payable17/49€944k€822k▼
Amounts payable after more than one year17€403k€284k▼
Financial debts170/4€396k€276k▼
Other amounts payable178/9€8k€8k=
Amounts payable within one year42/48€540k€538k▼
Current portion of amounts payable after more than one year42€136k€119k▼
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€10k€6k▼
Taxes450/3€10k€6k▼
Other amounts payable47/48€390k€406k▲
Accrued charges and deferred income492/3€979€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€1k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€125k€143k▲
Other operating charges640/8€9k€8k▼
Non-recurring operating charges66A-€439
Gross operating margin9900€162k€197k▲
Operating profit (loss)9901€26k€45k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€27k€26k▼
Recurring financial charges65€27k€26k▼
Profit (loss) for the period before taxes9903€-968€19k▲
Income taxes67/77€249€2k▲
Profit (loss) for the period9904€-1k€17k▲
Profit (loss) for the period to be appropriated9905€-1k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-690€17k▲
Profit (loss) brought forward from the previous period14P€526€310▼
Transfer from equity791/2€1k€0▼
Transfer to equity691/2-€17k
To other reserves6921-€17k
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €17k
Net result €17k after 6 loss-making years.
31-12
Financial
Equity above €200kEq €212k ▲8.7%
Equity rises from €195k to €212k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Ardooie · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oostlaan 58850 ArdooieGround area
3,418 m²
Building footprint
1,597 m²
Volume, LiDAR
11,346 m³
Parcel 36001D0077/00B003, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oostlaan 5, 8850 Ardooie
since 19892.041.500.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001D0077/00B003 | Flanders | 3,418 m² | 1 · 1,597 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
E. VAN TRIMPONT
BE 0401.138.946
Saint-Ghislain · Eq €212k
TEYC NEXT
BE 0639.941.167
Elsene · Eq €212k
Drukkerij Dhondt
BE 0427.997.454
Waregem · Eq €212k
SIMA Invest
BE 0667.650.109
Herselt · Eq €212k
SOCIETE IMMOBILIERE DE WALLONIE
BE 0819.501.035
Thuin · Eq €212k
Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 4,263 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-12-1988
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
68203Renting and operating of own or leased non-residential real estate, excluding land
74151
64210Activities of holding companies
68204Real estate activities
82990Other business support services
77399Renting and leasing of other machinery, equipment and tangible goods
91042Libraries, archives, museums and other cultural activities
91420Libraries, archives, museums and other cultural activities
92530
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.