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ArBoCo

Active
Private limited companyfounded 201115 yrs activeMalisgoed 15A, 2610 Antwerpen, BelgiumKBO/BCE: BE 0838.260.241
Summary

ArBoCo has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €660k and a net result of €46k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability77▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 50.82 against 40.92 in 2024; short-term debt: 1.9% and cash: 91.5% of total assets), and 2% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Four 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
98%
Return on assets
6.8%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
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 18-03-2026, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 d early
2024
14 d early
2023
18 d early
2022
19 d early
2021
65 d early
2020
18 d early
2019
58 d early
← before the deadline after the deadline →
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 months
Position in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
€0
Total assets
€673k▲ 7.0%
2024 · €629k
2018: €371klowest in 8 years 2019: €423k▲ +14.0% vs 2018 2020: €453k▲ +7.1% vs 2019 2021: €483k▲ +6.6% vs 2020 2022: €578k▲ +19.7% vs 2021 2023: €589k▲ +2.0% vs 2022 2024: €629k▲ +6.8% vs 2023 2025: €673k▲ +7.0% vs 2024highest in 8 years
2018 → 2025
Net result
€46k▲ 23.9%
2024 · €37k
2018: €71k 2019: €40k▼ -43.5% vs 2018 2020: €24k▼ -40.3% vs 2019lowest in 8 years 2021: €48k▲ +99.9% vs 2020 2022: €76k▲ +57.7% vs 2021highest in 8 years 2023: €43k▼ -43.6% vs 2022 2024: €37k▼ -13.9% vs 2023 2025: €46k▲ +23.9% vs 2024
2018 → 2025
Working capital
€636k▲ 10.1%
2024 · €577k
2018: €351klowest in 8 years 2019: €402k▲ +14.4% vs 2018 2020: €428k▲ +6.5% vs 2019 2021: €478k▲ +11.7% vs 2020 2022: €475k▼ -0.6% vs 2021 2023: €527k▲ +11.0% vs 2022 2024: €577k▲ +9.5% vs 2023 2025: €636k▲ +10.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€479k-€535k▲ 11.6%€577k▲ 8.0%€614k▲ 6.4%€660k▲ 7.4% 2021: €479klowest in 5 years 2022: €535k▲ +11.6% vs 2021 2023: €577k▲ +8.0% vs 2022 2024: €614k▲ +6.4% vs 2023 2025: €660k▲ +7.4% vs 2024highest in 5 years
Operating result€72k-€114k▲ 59.0%€58k▼ 48.8%€33k▼ 43.4%€51k▲ 54.2% 2021: €72k 2022: €114k▲ +59.0% vs 2021highest in 5 years 2023: €58k▼ -48.8% vs 2022 2024: €33k▼ -43.4% vs 2023lowest in 5 years 2025: €51k▲ +54.2% vs 2024
Net result€48k-€76k▲ 57.7%€43k▼ 43.6%€37k▼ 13.9%€46k▲ 23.9% 2021: €48k 2022: €76k▲ +57.7% vs 2021highest in 5 years 2023: €43k▼ -43.6% vs 2022 2024: €37k▼ -13.9% vs 2023lowest in 5 years 2025: €46k▲ +23.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50k€100kOperating result 2021: €72k€72kNet result 2021: €48k€48kOperating result 2022: €114k€114kNet result 2022: €76k€76kOperating result 2023: €58k€58kNet result 2023: €43k€43kOperating result 2024: €33k€33kNet result 2024: €37k€37kOperating result 2025: €51k€51kNet result 2025: €46k€46k20212022202320242025€0€20k€40k€60kOperating result 2023: €58k€58kNet result 2023: €43k€43kOperating result 2024: €33k€33kNet result 2024: €37k€37kOperating result 2025: €51k€51kNet result 2025: €46k€46k202320242025
The operating result recovers in 2025; 2025 is 54% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €673k
Fixed assets €25k ▼ 33.8%
Current assets €649k ▲ 9.6%
Equity and liabilities €673k
Equity €660k ▲ 7.4%
Debt €14k ▼ 9.8%
Debt's share of the balance-sheet total falls from 2.4% to 2.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€64k▲
2024 · €46k
Cash flow
€59k▲
2024 · €50k
Current ratio
50.82▲
2024 · 40.92
Debt to equity
0.02▼
2024 · 0.02
ROE
6.9%▲
2024 · 6.0%
ROA
6.8%▲
2024 · 5.8%
Interest coverage
203.02▲
2024 · 186.35
Debt ≤ 1 year
€13k▼
2024 · €14k
Income taxes
€18k▲
2024 · €14k
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 · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€629k€673k▲
Fixed assets21/28€37k€25k▼
Tangible fixed assets22/27€37k€25k▼
Furniture and vehicles24€37k€25k▼
Current assets29/58€592k€649k▲
Amounts receivable within one year40/41€42k€30k▼
Trade receivables40€35k€23k▼
Other amounts receivable41€7k€7k▲
Current investments50/53€440k€0▼
Cash at bank and in hand54/58€107k€616k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€629k€673k▲
Equity10/15€614k€660k▲
Contributions10/11€19k€19k=
Reserves13€570k€616k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€568k€616k▲
Profit (loss) carried forward14€25k€25k=
Amounts payable17/49€15k€14k▼
Amounts payable within one year42/48€14k€13k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€13k€11k▼
Taxes450/3€10k€9k▼
Remuneration and social security454/9€2k€2k=
Accrued charges and deferred income492/3€800€1k▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€760€707▼
Non-recurring operating charges66A€0-
Gross operating margin9900€47k€65k▲
Operating profit (loss)9901€33k€51k▲
Financial income75/76B€18k€13k▼
Recurring financial income75€18k€13k▼
Financial charges65/66B€249€317▲
Recurring financial charges65€249€317▲
Profit (loss) for the period before taxes9903€51k€63k▲
Income taxes67/77€14k€18k▲
Profit (loss) for the period9904€37k€46k▲
Profit (loss) for the period to be appropriated9905€37k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€71k▲
Profit (loss) brought forward from the previous period14P€25k€25k=
Transfer to equity691/2€37k€46k▲
To other reserves6921€37k€46k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k€13k€13k€13k▼ 0.9%
Other operating charges640/8-€2k€792€760€707▼ 7.0%
Non-recurring operating charges66A--€207€0--
Gross operating margin9900€77k€119k€72k€47k€65k▲ 37.6%
Operating profit (loss)9901€72k€114k€58k€33k€51k▲ 54.2%
Financial income75/76B-€0€369€18k€13k▼ 30.8%
Recurring financial income75€917€0€369€18k€13k▼ 30.8%
Financial charges65/66B-€964€229€249€317▲ 27.0%
Recurring financial charges65€1k€964€229€249€317▲ 27.0%
Profit (loss) for the period before taxes9903€71k€113k€59k€51k€63k▲ 23.9%
Income taxes67/77€23k€38k€16k€14k€18k▲ 24.1%
Profit (loss) for the period9904€48k€76k€43k€37k€46k▲ 23.9%
Profit (loss) for the period to be appropriated9905€48k€76k€43k€37k€46k▲ 23.9%
Line20212022202320242025Change
Assets
Total assets20/58€483k€578k€589k€629k€673k▲ 7.0%
Fixed assets21/28€2k€60k€51k€37k€25k▼ 33.8%
Tangible fixed assets22/27€2k€60k€51k€37k€25k▼ 33.8%
Furniture and vehicles24-€60k€51k€37k€25k▼ 33.8%
Other tangible fixed assets26-€0----
Current assets29/58€481k€517k€538k€592k€649k▲ 9.6%
Amounts receivable within one year40/41€11k€57k€47k€42k€30k▼ 28.9%
Trade receivables40-€50k€27k€35k€23k▼ 35.8%
Other amounts receivable41-€7k€20k€7k€7k▲ 6.0%
Current investments50/53--€400k€440k€0▼ 100%
Cash at bank and in hand54/58€468k€458k€89k€107k€616k▲ 477%
Deferred charges and accrued income490/1-€2k€3k€3k€2k▼ 21.7%
Equity and liabilities
Total equity and liabilities10/49€483k€578k€589k€629k€673k▲ 7.0%
Equity10/15€479k€535k€577k€614k€660k▲ 7.4%
Contributions10/11-€19k€19k€19k€19k=
Reserves13€435k€491k€533k€570k€616k▲ 8.0%
Non-distributable reserves130/1-€2k€2k€2k€0▼ 100%
Reserves not available under the articles1311-€2k€2k€2k€0▼ 100%
Distributable reserves133-€489k€532k€568k€616k▲ 8.3%
Profit (loss) carried forward14€25k€25k€25k€25k€25k=
Amounts payable17/49€4k€43k€12k€15k€14k▼ 9.8%
Amounts payable within one year42/48€3k€42k€11k€14k€13k▼ 11.8%
Trade debts44€2k€718€1k€2k€1k▼ 19.3%
Suppliers440/4-€718€1k€2k€1k▼ 19.3%
Taxes, remuneration and social security45-€23k€10k€13k€11k▼ 10.8%
Taxes450/3-€23k€10k€10k€9k▼ 13.1%
Remuneration and social security454/9---€2k€2k=
Other amounts payable47/48-€19k€0---
Accrued charges and deferred income492/3-€907€800€800€1k▲ 25.1%
Line20212022202320242025Change
Profit (loss) for the period9904€48k€76k€43k€37k€46k▲ 23.9%
+ Depreciation and write-downs630€2k€2k€13k€13k€13k▼ 0.9%
Operating cash flow (approximation)€50k€78k€55k€50k€59k▲ 17.3%
Investment in fixed assets (approximation)-€-61k€-3k€0€-656-
Change in cash-€-10k€-369k€18k€509k▲ 2,699%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
18-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
16-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
12-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial Liquidity quadruplescurrent ratio 48.39
Current ratio from 12.23 to 48.39; short-term debt falls from €42k to €11k.
11-04
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial Highest result since 2018net €76k ▲57.7%
Operating result €114k, net result €76k, both a record.
30-09
Financial Equity above €500kEq €535k ▲11.6%
5 profitable years in a row build equity to €535k.
24-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial Liquidity times 8current ratio 161.72
Current ratio from 21.12 to 161.72; short-term debt falls from €21k to €3k.
12-04
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial Weakest financial yearnet €24k ▼40.3%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
03-03
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
14-03
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated 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, Antwerpen · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
1,809 m²
Building footprint
316 m²
Volume, LiDAR
1,885 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARBOCO BVBA
Malisgoed 15, 2610 AntwerpenComputing infrastructure, data processing, hosting and other information service activities
since 20112.201.293.155
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11462A0411/00N002 Flanders 924 m² 1 · 152 m² 9.0 m · 2 fl.
11462A0411/00P002 Flanders 885 m² 1 · 164 m² 10.3 m · 2 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.

Similar companies · same sector, comparable size

Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 5,380 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
Founded29-07-2011
Fiscal year end30-09
Activities, NACEBEL 2025
82990Other business support services

Scores and ratios are computed by Checked and are not a credit decision.