ARBELAR
ActiveSummary
ARBELAR has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5,273) and a net result of €2,779. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+77
Solvency12▲+3
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.46 in 2024; short-term debt: 112.6% and cash: 25.1% of total assets), and equity is negative.
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Signals
Six 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-12.6%
Return on assets
6.6%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 9511 sector peers (2025).
NBB · sector comparisonPosition among 9511 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
27 d late
2023
4 d early
2022
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
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 trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€5,273▲ 34.5%
2024 · -€8,052
Total assets
€41,890▼ 17.9%
2024 · €51,039
Net result
€2,779
2024 · -€18,427
Working capital
-€24,427▲ 23.6%
2024 · -€31,978
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
Line2022202320242025
Operating result-€4,723-€6,070-€17,591€3,925
Net result-€5,194-€3,569-€18,427€2,779
Equity€6,806-€10,375▲ 52.4%-€8,052-€5,273▲ 34.5%
Total assets€27,023-€25,535▼ 5.5%€51,039▲ 99.9%€41,890▼ 17.9%
Debt€20,217-€15,160▼ 25.0%€59,091▲ 290%€47,163▼ 20.2%
Working capital€5,608-€8,815▲ 57.2%-€31,978-€24,427▲ 23.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,925 after a loss of €17,591 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,890
Fixed assets
€19,155 ▼ 19.9%
Current assets
€22,736 ▼ 16.1%
Key figures and ratios
EBITDA
€10,097▲
2024 · -€13,509
Cash flow
€8,951▲
2024 · -€14,345
Solvency
-12.6%▲
2024 · -15.8%
Current ratio
0.48▲
2024 · 0.46
Debt to equity
-8.94▼
2024 · -7.34
ROA
6.6%▲
2024 · -36.1%
Interest coverage
9.93▲
2024 · -16.26
Debt ≤ 1 year
€47,163▼
2024 · €59,091
Income taxes
€135▲
2024 · €5
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,176 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,474 | €538 | €4,081 | €6,172 | ▲ 51.2% |
| Other operating charges640/8 | €2,180 | - | €1,444 | €1,242 | ▼ 14.0% |
| Gross operating margin9900 | -€1,070 | €6,608 | -€12,066 | €11,339 | ▲ 194% |
| Operating profit (loss)9901 | -€4,723 | €6,070 | -€17,591 | €3,925 | ▲ 122% |
| Financial income75/76B | €1 | - | €0 | €5 | ▲ 3,769% |
| Recurring financial income75 | €1 | - | €0 | €5 | ▲ 3,769% |
| Financial charges65/66B | €472 | €930 | €831 | €1,016 | ▲ 22.3% |
| Recurring financial charges65 | €472 | €930 | €831 | €1,016 | ▲ 22.3% |
| Profit (loss) for the period before taxes9903 | -€5,194 | €5,140 | -€18,421 | €2,914 | ▲ 116% |
| Income taxes67/77 | - | €1,571 | €5 | €135 | ▲ 2,479% |
| Profit (loss) for the period9904 | -€5,194 | €3,569 | -€18,427 | €2,779 | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | -€5,194 | €3,569 | -€18,427 | €2,779 | ▲ 115% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €27,023 | €25,535 | €51,039 | €41,890 | ▼ 17.9% |
| Fixed assets21/28 | €1,198 | €1,560 | €23,926 | €19,155 | ▼ 19.9% |
| Intangible fixed assets21 | - | - | €11,689 | €9,029 | ▼ 22.8% |
| Tangible fixed assets22/27 | €1,198 | €1,560 | €12,237 | €10,125 | ▼ 17.3% |
| Furniture and vehicles24 | €1,198 | €1,560 | €12,237 | €10,125 | ▼ 17.3% |
| Current assets29/58 | €25,824 | €23,975 | €27,113 | €22,736 | ▼ 16.1% |
| Amounts receivable within one year40/41 | €25,126 | €16,783 | €25,698 | €12,227 | ▼ 52.4% |
| Trade receivables40 | €25,083 | €13,811 | €22,909 | €9,360 | ▼ 59.1% |
| Other amounts receivable41 | €43 | €2,972 | €2,789 | €2,867 | ▲ 2.8% |
| Cash at bank and in hand54/58 | €9 | €7,192 | €1,415 | €10,509 | ▲ 643% |
| Deferred charges and accrued income490/1 | €689 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €27,023 | €25,535 | €51,039 | €41,890 | ▼ 17.9% |
| Equity10/15 | €6,806 | €10,375 | -€8,052 | -€5,273 | ▲ 34.5% |
| Contributions10/11 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Profit (loss) carried forward14 | -€5,194 | -€1,625 | -€20,052 | -€17,273 | ▲ 13.9% |
| Amounts payable17/49 | €20,217 | €15,160 | €59,091 | €47,163 | ▼ 20.2% |
| Amounts payable within one year42/48 | €20,217 | €15,160 | €59,091 | €47,163 | ▼ 20.2% |
| Trade debts44 | €9,085 | €2,883 | €10,522 | €6,732 | ▼ 36.0% |
| Suppliers440/4 | €9,085 | €2,883 | €10,522 | €6,732 | ▼ 36.0% |
| Taxes, remuneration and social security45 | €3,764 | €10,740 | €8,914 | €10,479 | ▲ 17.5% |
| Taxes450/3 | €3,764 | €10,740 | €8,914 | €10,479 | ▲ 17.5% |
| Other amounts payable47/48 | €7,367 | €1,537 | €39,655 | €29,953 | ▼ 24.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,194 | €3,569 | -€18,427 | €2,779 | ▲ 115% |
| + Depreciation and write-downs630 | €1,474 | €538 | €4,081 | €6,172 | ▲ 51.2% |
| Operating cash flow (approximation) | -€3,720 | €4,107 | -€14,345 | €8,951 | ▲ 162% |
| Investment in fixed assets (approximation) | - | -€899 | -€26,448 | -€1,400 | ▲ 94.7% |
| Change in cash | - | €7,183 | -€5,777 | €9,094 | ▲ 257% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €2,779
Net result €2,779 after one loss-making year.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-09
Financial
Weakest financial yearnet -€18,427
Net result drops to -€18,427, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €3,569
Net result €3,569 after one loss-making year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 2020
Ground area
1,025 m²
Building footprint
888 m²
Volume, LiDAR
5,953 m³
2 parcels, Brussels · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
38
companies at this address
See who is registered here
1 establishment unit
ARBELAR
since 20202.316.921.313
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0342/00L014 | Brussels | 768 m² | 1 · 758 m² | 15.8 m · 1 fl. |
| 21445C0264/00B010 | Brussels | 257 m² | 1 · 130 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2025 · 1 entry · 1,500 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 1 | 1,500 EUR |
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Of 18,252 companies in sector 71111 we hold annual accounts for 6,320. 3,483 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
Founded21-12-2020
Fiscal year end30-09
Activities, NACEBEL 2025
71111Activities of building architects
71112Activities of interior architects
71113Urban planning and landscape architecture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0760368449
Also
9925:BE0760368449
Registered
15-09-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.