Equity
€39,910 from €146,187 in 2024
Equity fell by 73% in 1 year.
ARBRES
Lifetime
12 annual accounts with figures on one time axispeak €83,250 (2015)
€16,296▼ 10.3%
lowest -€106,276 (2025)
-€106,276▼ €110,722
peak €146,187 (2024)
€39,910▼ 72.7%
€134,337▼ 38.6%
peak 0.5 FTE (2016)
-not published
Board2 names since 2022
1 directorMATHIEU Paul Marcel Ghislain
Documentsfilings and deeds
11-02-202611 days late
2025micro format
Loss of €106,276Equity from €146,187 to €39,910Debts from €218,800 to €134,337Cash from €814 to €2,150
Key points
from the 2025 annual accountsResult
-€106,276 -€106,276
From profit to loss in 2025, after a profit of €4,446 in 2024.
Debts
€134,337 77% of the balance sheet
Financial debts 54%Taxes and wages 5%Other 41%
Of this, €61,310 falls due within a year.
Liquidity
1.57 was 0.31 in 2024
Short-term debts fell from €140,919 to €61,310.
Filings
12 annual accounts since 2014
Two of the last ten came late. The 2025 accounts came latest: 11 days after the end of the period.
Position in the sector
-€106,276
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,138 · 39,380 companies.
Checked score
53
Fair
Financially stronger than 14% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.2%▲ +0.1 percentage points vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.3%▲ +0.1 percentage points vs 12-2025
02-2026: 0.5%▲ +0.2 percentage points vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.5%▼ -0.1 percentage points vs 08-2026
10-2026: 0.6%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €106,276 (financial year 2025)
Liquidity: current ratio 1.57, cash €2,150
lowers risk
Size: turnover €0, total assets €174,248
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 25% of them on solvency, 16% on liquidity, 4% on profitability and 8% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,294 companies had the same profile as ARBRES has now. Each dot stands for 4 companies, two years later.
89.6%
were still trading
5.9%
stopped another way
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ARBRES itself is lower: 0.6% within 12 months. It rests on far more data about ARBRES than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,294 companies, not a prediction for ARBRES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 1.57 (0.31 in 2024), above the usual 1.5. Short-term debt is 35.2% and cash 1.2% of total assets. However, 77.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-02-2026, 11 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 days late
2024
2 days early
2023
on the day
2022
7 days early
2021
21 days early
2020
1 day late
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 29 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0501621741
Changes of role: MATHIEU Paul Marcel Ghislain (director) and SCHALLENBERGH Chantal (director)
Permanent representative: MATHIEU Paul Marcel Ghislain · General meeting of 02-11-2023 · Gazette deed
Appointment: Chantal Schallenbergh (director)
General meeting of 10-12-2022 · Gazette deed
Incorporation
published on 30-11-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARBRES Chaudfontaine | €174,248 | €16,296 | 22.9% | - |
| SNL CONCEPT Blegny | €196,265 | €19,015 | 91.1% | - |
| JPS FINANCIAL MANAGEMENT SERVICES Dison | €188,226 | €19,107 | 55.5% | - |
| M.GALLET Meise | €161,328 | €16,761 | 96.2% | - |
| STANN Berlare | €160,288 | €15,935 | 37.9% | - |
| SOUTHSTAR Mechelen | €169,510 | €14,746 | 90.4% | - |
| TAWODY Ixelles | €177,524 | €17,805 | 84.9% | - |
These companies have the same main activity as ARBRES: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €160,000 and €196,000, founded between 2010 and 2013.
Official details
Source: KBO- Status
- Active since 28-11-2012Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.214.796.1494053 Chaudfontaine, since 28-11-2012
- Financial year end
- 30 June
- Peppol
- Reachable since 16-12-2025
Annual accounts to 30-06-2025
- €174,248▼ 52.3%
- Employeeson 30-06-2025
- 0
- Filing
- Filed on 11-02-2026
Insights on ARBRES
ARBRES files the micro format. That format states no turnover. The gross margin fell from €29,617 in 2014 to €16,296 in 2025.
The balance sheet grew most in 2019 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARBRES
- What is the company number of ARBRES?
- The company number of ARBRES is 0501.621.741. The VAT number is the same number with BE in front: BE 0501.621.741.
- Where is ARBRES based?
- The registered office is at Rue du Marronnier 12, 4053 Chaudfontaine.Company details
- What does ARBRES do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of ARBRES?
- ARBRES is a private limited company (BV).
- When was ARBRES founded?
- ARBRES was founded on 28-11-2012.
- Is ARBRES still active?
- Yes, ARBRES is an active enterprise in the KBO register.
- How many employees does ARBRES have?
- ARBRES had an average of 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of ARBRES?
- The turnover of ARBRES was €0 in financial year 2025, according to the filed annual accounts.
- Is ARBRES profitable?
- In financial year 2025, ARBRES made a loss of €106,276.
- Where can I find the annual accounts of ARBRES?
- ARBRES filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARBRES due?
- ARBRES must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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