ARBELCO
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 07-07-2023, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
24 d early
2021
27 d early
2020
11 d early
2019
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 19 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€411,877▼ 1.9%
2021 · €419,715
Total assets
€675,342▼ 2.9%
2021 · €695,549
Net result
-€7,837▼ 214%
2021 · -€2,500
Working capital
-€29,617▼ 45.2%
2021 · -€20,392
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
Line20182019202020212022
Operating result€21,882-€74,830▲ 242%-€7,520€19,274-€571
Net result€10,872-€60,750▲ 459%-€16,732-€2,500▲ 85.1%-€7,837▼ 214%
Equity€427,197-€438,947▲ 2.8%€422,215▼ 3.8%€419,715▼ 0.6%€411,877▼ 1.9%
Total assets€811,840-€710,384▼ 12.5%€688,149▼ 3.1%€695,549▲ 1.1%€675,342▼ 2.9%
Debt€384,643-€271,437▼ 29.4%€265,935▼ 2.0%€275,834▲ 3.7%€263,464▼ 4.5%
Working capital-€117,443--€33,715▲ 71.3%-€71,873▼ 113%-€20,392▲ 71.6%-€29,617▼ 45.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €571 after €19,274 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €675,342
Fixed assets
€600,753 ▼ 0.1%
Current assets
€74,589 ▼ 21.0%
Equity and liabilities €675,342
Equity
€411,877 ▼ 1.9%
Debt
€263,464 ▼ 4.5%
Debt's share of the balance-sheet total falls from 39.7% to 39.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€166▼
2021 · €19,929
Cash flow
-€7,433▼
2021 · -€1,845
Current ratio
0.72▼
2021 · 0.82
Quick ratio
0.38▲
2021 · 0.30
Debt to equity
0.64▼
2021 · 0.66
ROE
-1.9%▼
2021 · -0.6%
ROA
-1.2%▼
2021 · -0.4%
Interest coverage
-0.02▼
2021 · 3.76
Debt ≤ 1 year
€104,206▼
2021 · €114,783
Debt > 1 year
€140,000▼
2021 · €147,310
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,223 | €1,646 | €798 | €655 | €405 | ▼ 38.2% |
| Other operating charges640/8 | - | - | - | €1,155 | €651 | ▼ 43.6% |
| Gross operating margin9900 | €24,915 | €77,636 | €18,830 | €21,085 | €485 | ▼ 97.7% |
| Operating profit (loss)9901 | €21,882 | €74,830 | -€7,520 | €19,274 | -€571 | ▼ 103% |
| Financial income75/76B | - | - | - | €194 | €0 | ▼ 99.9% |
| Recurring financial income75 | €22,197 | €2,572 | €1,561 | €194 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | - | - | €5,306 | €7,267 | ▲ 37.0% |
| Recurring financial charges65 | €17,795 | €8,232 | €10,372 | €5,306 | €7,267 | ▲ 37.0% |
| Profit (loss) for the period before taxes9903 | €26,284 | €69,171 | -€16,332 | €14,163 | -€7,837 | ▼ 155% |
| Income taxes67/77 | €15,412 | €8,421 | €400 | €16,662 | - | - |
| Profit (loss) for the period9904 | €10,872 | €60,750 | -€16,732 | -€2,500 | -€7,837 | ▼ 214% |
| Transfer from tax-exempt reserves789 | - | - | - | €48,052 | - | - |
| Profit (loss) for the period to be appropriated9905 | €10,872 | €60,750 | -€16,732 | €45,552 | -€7,837 | ▼ 117% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €811,840 | €710,384 | €688,149 | €695,549 | €675,342 | ▼ 2.9% |
| Fixed assets21/28 | €546,483 | €602,791 | €601,812 | €601,158 | €600,753 | ▼ 0.1% |
| Intangible fixed assets21 | - | €2,358 | €2,096 | €1,834 | €1,572 | ▼ 14.3% |
| Tangible fixed assets22/27 | €1,533 | €1,783 | €1,066 | €674 | €531 | ▼ 21.2% |
| Furniture and vehicles24 | - | - | - | €674 | €531 | ▼ 21.2% |
| Financial fixed assets28 | €544,950 | €598,650 | €598,650 | €598,650 | €598,650 | = |
| Current assets29/58 | €265,357 | €107,593 | €86,337 | €94,391 | €74,589 | ▼ 21.0% |
| Amounts receivable after more than one year29 | - | - | - | €11,299 | €11,299 | = |
| Other amounts receivable291 | - | - | - | €11,299 | €11,299 | = |
| Stocks and contracts in progress3 | €10,703 | €72,978 | €67,153 | €60,241 | €35,313 | ▼ 41.4% |
| Stocks30/36 | - | - | - | €60,241 | €35,313 | ▼ 41.4% |
| Amounts receivable within one year40/41 | €175,728 | €24,540 | €7,603 | €18,537 | €15,515 | ▼ 16.3% |
| Trade receivables40 | - | - | - | €780 | €15,515 | ▲ 1,889% |
| Other amounts receivable41 | - | - | - | €17,757 | - | - |
| Cash at bank and in hand54/58 | €72,577 | - | - | €3,649 | €11,983 | ▲ 228% |
| Deferred charges and accrued income490/1 | - | - | - | €665 | €480 | ▼ 27.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €811,840 | €710,384 | €688,149 | €695,549 | €675,342 | ▼ 2.9% |
| Equity10/15 | €427,197 | €438,947 | €422,215 | €419,715 | €411,877 | ▼ 1.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | - | - | €20,000 | €20,000 | = |
| Issued capital100 | - | - | - | €20,000 | €20,000 | = |
| Reserves13 | €407,197 | €418,947 | €418,947 | €416,447 | €416,447 | = |
| Non-distributable reserves130/1 | - | - | - | €15,000 | €15,000 | = |
| Legal reserve130 | - | - | - | €15,000 | €15,000 | = |
| Distributable reserves133 | - | - | - | €401,447 | €401,447 | = |
| Profit (loss) carried forward14 | €15,636 | €15,636 | -€16,732 | -€16,732 | -€24,570 | ▼ 46.8% |
| Amounts payable17/49 | €384,643 | €271,437 | €265,935 | €275,834 | €263,464 | ▼ 4.5% |
| Amounts payable after more than one year17 | - | €122,754 | €97,310 | €147,310 | €140,000 | ▼ 5.0% |
| Financial debts170/4 | - | - | - | €25,000 | - | - |
| Other amounts payable178/9 | - | - | - | €122,310 | €140,000 | ▲ 14.5% |
| Amounts payable within one year42/48 | €382,799 | €141,308 | €158,210 | €114,783 | €104,206 | ▼ 9.2% |
| Financial debts43 | - | - | - | €72,500 | €62,500 | ▼ 13.8% |
| Credit institutions430/8 | - | - | - | €40,000 | €30,000 | ▼ 25.0% |
| Other loans439 | - | - | - | €32,500 | €32,500 | = |
| Trade debts44 | €15,533 | €41,482 | €33,474 | €25,364 | €11,086 | ▼ 56.3% |
| Suppliers440/4 | - | - | - | €25,364 | €11,086 | ▼ 56.3% |
| Taxes, remuneration and social security45 | - | - | - | €13,742 | €14,523 | ▲ 5.7% |
| Taxes450/3 | - | - | - | €13,742 | €14,523 | ▲ 5.7% |
| Other amounts payable47/48 | - | - | - | €3,177 | €16,097 | ▲ 407% |
| Accrued charges and deferred income492/3 | - | - | - | €13,740 | €19,258 | ▲ 40.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,872 | €60,750 | -€16,732 | -€2,500 | -€7,837 | ▼ 214% |
| + Depreciation and write-downs630 | €1,223 | €1,646 | €798 | €655 | €405 | ▼ 38.2% |
| Operating cash flow (approximation) | €12,095 | €62,396 | -€15,934 | -€1,845 | -€7,433 | ▼ 303% |
| Investment in fixed assets (approximation) | - | -€57,954 | €180 | €0 | €0 | - |
| Change in cash | - | - | - | - | €8,334 | - |
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
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€16,732
Net result drops to -€16,732, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €60,750 ▲459%
Operating result €74,830, net result €60,750, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
18-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 79 days late
2015
26-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
26-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Owners and holdings
Owners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
3.89%
According to the 2022 annual accounts of ARBELCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.