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Arbitrium

Active
Private limited company (pre-2019)founded 2012active for 13 yearsHerrmann-Debrouxlaan 54, 1160 Oudergem, Belgium178 active companies are registered at this addressKBO/BCE: BE 0508.622.864
Summary

The computed 12-month bankruptcy probability of Arbitrium is at least 25% (high). For Arbitrium, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €1,337 and a net result of -€8,456. Equity remains stable across the filed financial years (±1.2% per year). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 21 October 2026.

Turnover
€2,258
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€8,456
2022 · €134
Working capital
€1,137▼ 88.2%
2022 · €9,593
Trend over the years

2019 to 2023, 5 financial years 2018 to 2023, 6 financial years

The operating result stays negative: a loss of €8,424 in 2023 against €128 in 2022; the loss grows and 2023 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€8,424 2023 Net result-€8,456 2023

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020202120222023
Turnover€2,258
Operating result€58-€279▲ 377%-€130-€317▼ 144%-€128▲ 59.6%-€8,424▼ 6,477%
Net result€12-€115▲ 898%€83▼ 28.0%€223▲ 168%€134▼ 40.0%-€8,456
Equity€9,239-€9,354▲ 1.2%€9,437▲ 0.9%€9,660▲ 2.4%€9,793▲ 1.4%€1,337▼ 86.4%
Total assets€9,879-€27,451▲ 178%€26,430▼ 3.7%€33,623▲ 27.2%€35,305▲ 5.0%€28,297▼ 19.9%
Debt€641-€18,097▲ 2,725%€16,993▼ 6.1%€23,963▲ 41.0%€25,512▲ 6.5%€26,960▲ 5.7%
Working capital€9,039-€20,342▲ 125%€9,237▼ 54.6%€9,460▲ 2.4%€9,593▲ 1.4%€1,137▼ 88.2%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €28,297
Fixed assets €200 =
Current assets €28,097 ▼ 20.0%
Equity and liabilities €28,297
Equity €1,337 ▼ 86.4%
Debt €26,960 ▲ 5.7%
Debt's share of the balance-sheet total rises from 72.3% to 95.3%. Equity is lower and debt is higher.
Key figures and ratios
2023 value · change against 2022
Current ratio
1.04▼
2022 · 1.38
Debt to equity
20.17▲
2022 · 2.61
ROE
-632.6%▼
2022 · 1.4%
ROA
-29.9%▼
2022 · 0.4%
Debt ≤ 1 year
€26,960▲
2022 · €25,512
Staff costs
€3,151▼
2022 · €4,080
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 38 lines
Balance sheet Code20222023
Assets
Total assets20/58€35,305€28,297▼
Fixed assets21/28€200€200=
Financial fixed assets28€200€200=
Current assets29/58€35,105€28,097▼
Amounts receivable within one year40/41€22,153€18,080▼
Trade receivables40€22,153€17,555▼
Other amounts receivable41-€524
Cash at bank and in hand54/58€12,681€9,857▼
Deferred charges and accrued income490/1€272€161▼
Equity and liabilities
Total equity and liabilities10/49€35,305€28,297▼
Equity10/15€9,793€1,337▼
Contributions10/11€14,400€14,400=
Profit (loss) carried forward14-€4,607-€13,063▼
Amounts payable17/49€25,512€26,960▲
Amounts payable within one year42/48€25,512€26,960▲
Trade debts44€16,799€16,597▼
Suppliers440/4€16,799€16,597▼
Taxes, remuneration and social security45€1,623€3,312▲
Taxes450/3€366-
Remuneration and social security454/9€1,257€3,312▲
Other amounts payable47/48€7,090€7,051▼
Income statement Code20222023
Turnover70-€2,258
Goods, raw materials, services and sundry goods60/61-€6,267
Remuneration, social security and pensions62€4,080€3,151▼
Other operating charges640/8€165€1,264▲
Gross operating margin9900€4,117-€4,009▼
Operating profit (loss)9901-€128-€8,424▼
Financial income75/76B€375€3▼
Recurring financial income75€375€3▼
Non-recurring financial income76B-€3
Financial charges65/66B€64€35▼
Recurring financial charges65€64€35▼
Profit (loss) for the period before taxes9903€182-€8,456▼
Income taxes67/77€49-
Profit (loss) for the period9904€134-€8,456▼
Profit (loss) for the period to be appropriated9905€134-€8,456▼
Appropriation of the result
Profit (loss) to be appropriated9906-€4,607-€13,063▼
Profit (loss) brought forward from the previous period14P-€4,740-€4,607▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201820192020202120222023Change
Turnover70-----€2,258-
Goods, raw materials, services and sundry goods60/61-----€6,267-
Remuneration, social security and pensions62----€4,080€3,151▼ 22.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,500------
Other operating charges640/8---€348€165€1,264▲ 666%
Gross operating margin9900€7,731€1,028€217€31€4,117-€4,009-
Operating profit (loss)9901€58€279-€130-€317-€128-€8,424▼ 6,477%
Financial income75/76B---€695€375€3▼ 99.3%
Recurring financial income75--€294€695€375€3▼ 99.3%
Non-recurring financial income76B-----€3-
Financial charges65/66B---€74€64€35▼ 46.0%
Recurring financial charges65€47€110€50€74€64€35▼ 46.0%
Profit (loss) for the period before taxes9903€12€169€113€304€182-€8,456-
Income taxes67/77-€53€30€81€49--
Profit (loss) for the period9904€12€115€83€223€134-€8,456-
Profit (loss) for the period to be appropriated9905€12€115€83€223€134-€8,456-
Line201820192020202120222023Change
Assets
Total assets20/58€9,879€27,451€26,430€33,623€35,305€28,297▼ 19.9%
Fixed assets21/28€200€200€200€200€200€200=
Intangible fixed assets21€0------
Financial fixed assets28€200€200€200€200€200€200=
Current assets29/58€9,679€27,251€26,230€33,423€35,105€28,097▼ 20.0%
Amounts receivable within one year40/41€9,561€15,319€26,003€23,326€22,153€18,080▼ 18.4%
Trade receivables40---€23,326€22,153€17,555▼ 20.8%
Other amounts receivable41-----€524-
Cash at bank and in hand54/58€118€11,932€227€10,096€12,681€9,857▼ 22.3%
Deferred charges and accrued income490/1----€272€161▼ 40.9%
Equity and liabilities
Total equity and liabilities10/49€9,879€27,451€26,430€33,623€35,305€28,297▼ 19.9%
Equity10/15€9,239€9,354€9,437€9,660€9,793€1,337▼ 86.4%
Contributions10/11€14,400€14,400-€14,400€14,400€14,400=
Profit (loss) carried forward14-€5,161-€5,046-€4,963-€4,740-€4,607-€13,063▼ 184%
Amounts payable17/49€641€18,097€16,993€23,963€25,512€26,960▲ 5.7%
Amounts payable within one year42/48€641€6,909€16,993€23,963€25,512€26,960▲ 5.7%
Trade debts44€13-€9,734€16,727€16,799€16,597▼ 1.2%
Suppliers440/4---€16,727€16,799€16,597▼ 1.2%
Taxes, remuneration and social security45---€146€1,623€3,312▲ 104%
Taxes450/3---€146€366--
Remuneration and social security454/9----€1,257€3,312▲ 164%
Other amounts payable47/48---€7,090€7,090€7,051▼ 0.6%
Line201820192020202120222023Change
Profit (loss) for the period9904€12€115€83€223€134-€8,456-
+ Depreciation and write-downs630€7,500------
Operating cash flow (approximation)€7,512€115€83€223€134-€8,456-
Investment in fixed assets (approximation)-€0€0€0€0€0-
Change in cash-€11,813-€11,705€9,869€2,584-€2,824-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference
31-12-2023 micro format 30-12-2024 2025-00628709
31-12-2022 micro format 31-08-2023 2023-00393306
31-12-2021 micro format 26-08-2022 2022-20330439
31-12-2020 micro format 17-08-2021 2021-49400244
31-12-2019 micro format 30-10-2020 2020-66100586
31-12-2018 micro format 30-08-2019 2019-57900193
31-12-2017 micro format 28-09-2018 2018-67200345
31-12-2016 full format 26-08-2017 2017-50100191
31-12-2015 full format 28-11-2016 2016-69000155
31-12-2014 full format 29-12-2015 2015-70700196

Show all 11 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.