ARBORADO
ActiveSummary
The computed 12-month bankruptcy probability of ARBORADO is 2.9% (moderate). The 2025 annual accounts show equity of €13,215 and a net result of -€6,285. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-23
Solvency31▼-29
Growth78=
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.66 against 1.36 in 2024; short-term debt: 59.2% and cash: 23.8% of total assets), and 94.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
5.6%
Return on assets
-2.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-03-2026, 147 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
147 d early
2024
147 d early
2023
37 d early
2022
26 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 89 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 May (3 of the last 4 filed years within 56 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check 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 How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, unclassified schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€6,285
2024 · €32,288
Working capital
-€47,757
2024 · €28,617
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-€9,837-€34,690€45,875▲ 32.2%€1,077▼ 97.7%
Net result-€10,009-€30,668€32,288▲ 5.3%-€6,285
Equity€9,491-€40,159▲ 323%€72,448▲ 80.4%€13,215▼ 81.8%
Total assets€277,704-€233,547▼ 15.9%€205,602▼ 12.0%€235,393▲ 14.5%
Debt€268,212-€193,387▼ 27.9%€133,154▼ 31.1%€222,177▲ 66.9%
Working capital-€124,448--€34,575▲ 72.2%€28,617-€47,757
Staff (FTE)1-1=0.1▼ 90.0%0.3▲ 200%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 98% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235,393
Fixed assets
€143,868 ▲ 49.3%
Current assets
€91,524 ▼ 16.2%
Equity and liabilities €235,393
Equity
€13,215 ▼ 81.8%
Debt
€222,177 ▲ 66.9%
Debt's share of the balance-sheet total rises from 64.8% to 94.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45,534▼
2024 · €101,095
Cash flow
€38,172▼
2024 · €87,509
Current ratio
0.66▼
2024 · 1.36
Quick ratio
0.65▼
2024 · 1.31
Debt to equity
16.81▲
2024 · 1.84
ROE
-47.6%▼
2024 · 44.6%
ROA
-2.7%▼
2024 · 15.7%
Interest coverage
8.89▼
2024 · 36.70
Debt ≤ 1 year
€139,281▲
2024 · €80,611
Debt > 1 year
€82,897▲
2024 · €52,543
Income taxes
€120▼
2024 · €11,478
Staff costs
€4,671▲
2024 · €2,379
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,303 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a small loss
5.2%
went bankrupt
1.5%
stopped otherwise
92%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,662 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% | 1.7% |
| 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 75% 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 1,303 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 |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,500 | €13,521 | - | - | - |
| Remuneration, social security and pensions62 | €20,432 | €7,520 | €2,379 | €4,671 | ▲ 96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,240 | €51,554 | €55,221 | €44,457 | ▼ 19.5% |
| Other operating charges640/8 | €1,813 | €507 | €345 | €435 | ▲ 26.3% |
| Gross operating margin9900 | €57,648 | €94,271 | €103,819 | €50,640 | ▼ 51.2% |
| Operating profit (loss)9901 | -€9,837 | €34,690 | €45,875 | €1,077 | ▼ 97.7% |
| Financial income75/76B | €436 | €296 | €647 | €767 | ▲ 18.6% |
| Recurring financial income75 | €436 | €296 | €647 | €767 | ▲ 18.6% |
| Financial charges65/66B | €608 | €2,349 | €2,755 | €8,009 | ▲ 191% |
| Recurring financial charges65 | €608 | €2,349 | €2,755 | €5,124 | ▲ 86.0% |
| Non-recurring financial charges66B | - | - | - | €2,885 | - |
| Profit (loss) for the period before taxes9903 | -€10,009 | €32,637 | €43,767 | -€6,165 | ▼ 114% |
| Income taxes67/77 | - | €1,969 | €11,478 | €120 | ▼ 99.0% |
| Profit (loss) for the period9904 | -€10,009 | €30,668 | €32,288 | -€6,285 | ▼ 119% |
| Profit (loss) for the period to be appropriated9905 | -€10,009 | €30,668 | €32,288 | -€6,285 | ▼ 119% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €277,704 | €233,547 | €205,602 | €235,393 | ▲ 14.5% |
| Fixed assets21/28 | €181,965 | €115,431 | €96,374 | €143,868 | ▲ 49.3% |
| Tangible fixed assets22/27 | €181,965 | €115,431 | €96,374 | €143,868 | ▲ 49.3% |
| Land and buildings22 | €5,709 | €5,101 | €4,493 | €3,885 | ▼ 13.5% |
| Plant, machinery and equipment23 | €30,810 | €20,810 | €12,464 | €2,821 | ▼ 77.4% |
| Furniture and vehicles24 | €90,464 | €42,489 | €40,334 | €106,030 | ▲ 163% |
| Leasing and similar rights25 | €54,982 | €47,032 | €39,082 | €31,132 | ▼ 20.3% |
| Current assets29/58 | €95,739 | €118,115 | €109,228 | €91,524 | ▼ 16.2% |
| Stocks and contracts in progress3 | €4,065 | €4,850 | €3,272 | €1,650 | ▼ 49.6% |
| Stocks30/36 | €4,065 | €4,850 | €3,272 | €1,650 | ▼ 49.6% |
| Amounts receivable within one year40/41 | €44,060 | €32,569 | €10,448 | €31,006 | ▲ 197% |
| Trade receivables40 | €44,060 | €30,037 | €9,426 | €6,104 | ▼ 35.2% |
| Other amounts receivable41 | - | €2,531 | €1,022 | €24,902 | ▲ 2,337% |
| Cash at bank and in hand54/58 | €44,235 | €77,262 | €93,286 | €55,993 | ▼ 40.0% |
| Deferred charges and accrued income490/1 | €3,379 | €3,434 | €2,222 | €2,875 | ▲ 29.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €277,704 | €233,547 | €205,602 | €235,393 | ▲ 14.5% |
| Equity10/15 | €9,491 | €40,159 | €72,448 | €13,215 | ▼ 81.8% |
| Contributions10/11 | €19,500 | €19,500 | €19,500 | €19,500 | = |
| Profit (loss) carried forward14 | -€10,009 | €20,659 | €52,948 | -€6,285 | ▼ 112% |
| Amounts payable17/49 | €268,212 | €193,387 | €133,154 | €222,177 | ▲ 66.9% |
| Amounts payable after more than one year17 | €48,025 | €40,697 | €52,543 | €82,897 | ▲ 57.8% |
| Financial debts170/4 | €48,025 | €40,697 | €52,543 | €82,897 | ▲ 57.8% |
| Amounts payable within one year42/48 | €220,187 | €152,690 | €80,611 | €139,281 | ▲ 72.8% |
| Current portion of amounts payable after more than one year42 | €7,036 | €7,328 | €18,609 | €39,839 | ▲ 114% |
| Trade debts44 | €13,560 | €11,411 | €2,310 | €1,803 | ▼ 22.0% |
| Suppliers440/4 | €13,560 | €11,411 | €2,310 | €1,803 | ▼ 22.0% |
| Taxes, remuneration and social security45 | €13,452 | €8,339 | €11,319 | €25,430 | ▲ 125% |
| Taxes450/3 | €12,268 | €8,339 | €11,319 | €25,430 | ▲ 125% |
| Remuneration and social security454/9 | €1,183 | - | - | - | - |
| Other amounts payable47/48 | €186,140 | €125,612 | €48,373 | €72,209 | ▲ 49.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,009 | €30,668 | €32,288 | -€6,285 | ▼ 119% |
| + Depreciation and write-downs630 | €45,240 | €51,554 | €55,221 | €44,457 | ▼ 19.5% |
| Operating cash flow (approximation) | €35,231 | €82,222 | €87,509 | €38,172 | ▼ 56.4% |
| Investment in fixed assets (approximation) | - | €14,979 | -€36,163 | -€91,951 | ▼ 154% |
| Change in cash | - | €33,027 | €16,024 | -€37,294 | ▼ 333% |
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
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2025
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Highest result since 2022net €32,288 ▲5.3%
Operating result €45,875, net result €32,288, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Back to profitnet €30,668
Net result €30,668 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Eupen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Feldstrasse 94701 Eupen1 establishment unit
ARBORADO
since 20212.327.728.004
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Of 21,227 companies in sector 81300 we hold annual accounts for 4,369. 2,753 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
Founded29-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
01309Crop and animal production, hunting and related service activities
42110Construction of roads and motorways
46216Wholesale of agricultural produce and animal feed, general range
46220Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779485961
Also
9925:BE0779485961
Registered
11-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.