ARBO
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2023 was due by 30-06-2024 and was filed on 05-02-2024, 146 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
146 d early
2022
32 d early
2021
110 d early
2020
15 d early
2019
22 d early
2018
6 d early
2017
20 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€388k▲ 22.5%
2022 · €317k
2018: €149klowest in 6 years
2019: €180k▲ +20.8% vs 2018
2020: €193k▲ +7.3% vs 2019
2021: €290k▲ +50.0% vs 2020
2022: €317k▲ +9.4% vs 2021
2023: €388k▲ +22.5% vs 2022highest in 6 years
2018 → 2023
Total assets
€1.03M▲ 83.2%
2022 · €562k
2018: €548k
2019: €530k▼ -3.3% vs 2018lowest in 6 years
2020: €556k▲ +4.9% vs 2019
2021: €727k▲ +30.9% vs 2020
2022: €562k▼ -22.8% vs 2021
2023: €1.03M▲ +83.2% vs 2022highest in 6 years
2018 → 2023
Net result
€25k▼ 6.8%
2022 · €27k
2018: €26k
2019: €31k▲ +18.8% vs 2018
2020: €39k▲ +24.6% vs 2019
2021: €97k▲ +151% vs 2020highest in 6 years
2022: €27k▼ -71.8% vs 2021
2023: €25k▼ -6.8% vs 2022lowest in 6 years
2018 → 2023
Working capital
€102k▲ 34.2%
2022 · €76k
2018: €29k
2019: €65k▲ +127% vs 2018
2020: €80k▲ +22.5% vs 2019
2021: €23k▼ -71.6% vs 2020lowest in 6 years
2022: €76k▲ +236% vs 2021
2023: €102k▲ +34.2% vs 2022highest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€180k-€193k▲ 7.3%€290k▲ 50.0%€317k▲ 9.4%€388k▲ 22.5%
2019: €180klowest in 5 years
2020: €193k▲ +7.3% vs 2019
2021: €290k▲ +50.0% vs 2020
2022: €317k▲ +9.4% vs 2021
2023: €388k▲ +22.5% vs 2022highest in 5 years
Operating result€59k-€65k▲ 10.4%€138k▲ 112%€54k▼ 61.0%€57k▲ 6.5%
2019: €59k
2020: €65k▲ +10.4% vs 2019
2021: €138k▲ +112% vs 2020highest in 5 years
2022: €54k▼ -61.0% vs 2021lowest in 5 years
2023: €57k▲ +6.5% vs 2022
Net result€31k-€39k▲ 24.6%€97k▲ 151%€27k▼ 71.8%€25k▼ 6.8%
2019: €31k
2020: €39k▲ +24.6% vs 2019
2021: €97k▲ +151% vs 2020highest in 5 years
2022: €27k▼ -71.8% vs 2021
2023: €25k▼ -6.8% vs 2022lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 6% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.03M
Fixed assets
€918k ▲ 120%
Current assets
€110k ▼ 23.2%
Equity and liabilities €1.03M
Equity
€388k ▲ 22.5%
Debt
€640k ▲ 162%
Debt's share of the balance-sheet total rises from 43.5% to 62.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€106k▲
2022 · €86k
Cash flow
€74k▲
2022 · €60k
Current ratio
13.04▲
2022 · 2.12
Debt to equity
1.65▲
2022 · 0.77
ROE
6.5%▼
2022 · 8.6%
ROA
2.5%▼
2022 · 4.8%
Interest coverage
5.47▼
2022 · 14.43
Debt ≤ 1 year
€8k▼
2022 · €68k
Debt > 1 year
€632k▲
2022 · €177k
Income taxes
€13k▼
2022 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 39 lines
Balance sheet
Code20222023
Assets
Total assets20/58€562k€1.03M▲
Fixed assets21/28€418k€918k▲
Tangible fixed assets22/27€302k€918k▲
Land and buildings22€302k€918k▲
Financial fixed assets28€116k-
Current assets29/58€144k€110k▼
Amounts receivable within one year40/41€14k-
Trade receivables40€10k-
Other amounts receivable41€4k-
Cash at bank and in hand54/58€130k€110k▼
Equity and liabilities
Total equity and liabilities10/49€562k€1.03M▲
Equity10/15€317k€388k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Reserves13€175k-
Profit (loss) carried forward14€124k€370k▲
Amounts payable17/49€244k€640k▲
Amounts payable after more than one year17€177k€632k▲
Financial debts170/4€177k€632k▲
Amounts payable within one year42/48€68k€8k▼
Current portion of amounts payable after more than one year42€39k€6k▼
Taxes, remuneration and social security45€29k€2k▼
Taxes450/3€29k€2k▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€49k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€33k-
Gross operating margin9900€122k€108k▼
Operating profit (loss)9901€54k€57k▲
Financial income75/76B-€364
Recurring financial income75-€364
Non-recurring financial income76B-€364
Financial charges65/66B€6k€19k▲
Recurring financial charges65€6k€19k▲
Profit (loss) for the period before taxes9903€48k€38k▼
Income taxes67/77€21k€13k▼
Profit (loss) for the period9904€27k€25k▼
Profit (loss) for the period to be appropriated9905€27k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€124k€370k▲
Profit (loss) brought forward from the previous period14P€97k€345k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €40k | €33k | €32k | €49k | ▲ 51.3% |
| Other operating charges640/8 | - | - | €431 | €2k | €2k | ▼ 6.1% |
| Non-recurring operating charges66A | - | - | - | €33k | - | - |
| Gross operating margin9900 | €103k | €114k | €171k | €122k | €108k | ▼ 10.9% |
| Operating profit (loss)9901 | €59k | €65k | €138k | €54k | €57k | ▲ 6.5% |
| Financial income75/76B | - | - | - | - | €364 | - |
| Recurring financial income75 | €25 | €27 | - | - | €364 | - |
| Non-recurring financial income76B | - | - | - | - | €364 | - |
| Financial charges65/66B | - | - | €7k | €6k | €19k | ▲ 225% |
| Recurring financial charges65 | €9k | €8k | €7k | €6k | €19k | ▲ 225% |
| Profit (loss) for the period before taxes9903 | €50k | €57k | €131k | €48k | €38k | ▼ 20.0% |
| Income taxes67/77 | €19k | €18k | €34k | €21k | €13k | ▼ 37.6% |
| Profit (loss) for the period9904 | €31k | €39k | €97k | €27k | €25k | ▼ 6.8% |
| Profit (loss) for the period to be appropriated9905 | €31k | €39k | €97k | €27k | €25k | ▼ 6.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €530k | €556k | €727k | €562k | €1.03M | ▲ 83.2% |
| Fixed assets21/28 | €408k | €368k | €483k | €418k | €918k | ▲ 120% |
| Intangible fixed assets21 | - | - | €1 | - | - | - |
| Tangible fixed assets22/27 | €408k | €368k | €334k | €302k | €918k | ▲ 204% |
| Land and buildings22 | - | - | €334k | €302k | €918k | ▲ 204% |
| Financial fixed assets28 | - | - | €148k | €116k | - | - |
| Current assets29/58 | €122k | €188k | €245k | €144k | €110k | ▼ 23.2% |
| Amounts receivable within one year40/41 | €57 | €632 | - | €14k | - | - |
| Trade receivables40 | - | - | - | €10k | - | - |
| Other amounts receivable41 | - | - | - | €4k | - | - |
| Cash at bank and in hand54/58 | €122k | €187k | €245k | €130k | €110k | ▼ 14.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €530k | €556k | €727k | €562k | €1.03M | ▲ 83.2% |
| Equity10/15 | €180k | €193k | €290k | €317k | €388k | ▲ 22.5% |
| Contributions10/11 | €44k | - | €19k | €19k | €19k | = |
| Capital10 | - | - | - | €19k | €19k | = |
| Reserves13 | €136k | €175k | €175k | €175k | - | - |
| Non-distributable reserves130/1 | - | - | €4k | - | - | - |
| Reserves not available under the articles1311 | - | - | €4k | - | - | - |
| Distributable reserves133 | - | - | €170k | - | - | - |
| Profit (loss) carried forward14 | - | - | €97k | €124k | €370k | ▲ 199% |
| Amounts payable17/49 | €349k | €362k | €437k | €244k | €640k | ▲ 162% |
| Amounts payable after more than one year17 | €293k | €254k | €215k | €177k | €632k | ▲ 257% |
| Financial debts170/4 | - | - | €215k | €177k | €632k | ▲ 257% |
| Amounts payable within one year42/48 | €57k | €108k | €222k | €68k | €8k | ▼ 87.5% |
| Current portion of amounts payable after more than one year42 | - | - | €39k | €39k | €6k | ▼ 84.5% |
| Trade debts44 | - | €43k | €148k | - | - | - |
| Suppliers440/4 | - | - | €148k | - | - | - |
| Taxes, remuneration and social security45 | - | - | €35k | €29k | €2k | ▼ 91.5% |
| Taxes450/3 | - | - | €35k | €29k | €2k | ▼ 91.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €39k | €97k | €27k | €25k | ▼ 6.8% |
| + Depreciation and write-downs630 | €44k | €40k | €33k | €32k | €49k | ▲ 51.3% |
| Operating cash flow (approximation) | €75k | €79k | €130k | €60k | €74k | ▲ 24.8% |
| Investment in fixed assets (approximation) | - | €0 | €-148k | €33k | €-549k | ▼ 1,787% |
| Change in cash | - | €66k | €57k | €-115k | €-19k | ▲ 83.2% |
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
2024
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
11-01
State Gazette act
General meeting · Merger
Accounting effect · Power of attorney
2023
30-11
Financial
Weakest financial yearnet €25k ▼6.8%
Net result drops to €25k, the lowest in the series.
30-11
Financial
Liquidity times 6current ratio 13.04
Current ratio from 2.12 to 13.04; short-term debt falls from €68k to €8k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €97k ▲151%
Operating result €138k, net result €97k, both a record.
31-12
Financial
Equity above €200kEq €290k ▲50%
4 profitable years in a row build equity to €290k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €180k ▲20.8%
2 profitable years in a row build equity to €180k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneState Gazette actNBB 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
Acquisitions and mergers
1 transactionTaken over by:HELANET