ARC
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 08-03-2024, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
53 d early
2022
54 d early
2021
40 d early
2020
57 d early
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 53 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€422,577▲ 17.2%
2022 · €360,603
Total assets
€451,840▲ 13.8%
2022 · €397,174
Net result
€61,975▲ 366%
2022 · €13,314
Working capital
€442,077▲ 16.3%
2022 · €380,103
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
Line20192020202120222023
Operating result-€264-€10,217▼ 3,764%-€60,972▼ 497%€2,444€51,090▲ 1,990%
Net result€3,891▲ 18,013%€1,703▼ 56.2%-€53,629€13,314€61,975▲ 366%
Equity€399,214▲ 1.0%€400,917▲ 0.4%€347,289▼ 13.4%€360,603▲ 3.8%€422,577▲ 17.2%
Total assets€780,908▼ 17.9%€510,856▼ 34.6%€453,246▼ 11.3%€397,174▼ 12.4%€451,840▲ 13.8%
Debt€356,695▼ 35.8%€84,939▼ 76.2%€80,957▼ 4.7%€11,571▼ 85.7%€4,263▼ 63.2%
Working capital€384,265▲ 10.9%€388,259▲ 1.0%€366,789▼ 5.5%€380,103▲ 3.6%€442,077▲ 16.3%
Staff (FTE)0.4▼ 87.5%1▲ 150%0.7▼ 30.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 1,990% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €451,840
Fixed assets
€5,500 =
Current assets
€446,340 ▲ 14.0%
Equity and liabilities €451,840
Equity
€422,577 ▲ 17.2%
Provisions
€25,000 =
Debt
€4,263 ▼ 63.2%
Debt's share of the balance-sheet total falls from 2.9% to 0.9%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.01▼
2022 · 0.03
ROE
14.7%▲
2022 · 3.7%
ROA
13.7%▲
2022 · 3.4%
Debt ≤ 1 year
€4,263▼
2022 · €11,571
A ratio outside any meaningful range has been withheld (balance sheet total €451,840, equity €422,577).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,750 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,606 | €5,440 | €406 | - | - | - |
| Other operating charges640/8 | - | - | - | €273 | €935 | ▲ 242% |
| Gross operating margin9900 | €74,092 | €16,178 | -€21,645 | €4,467 | €52,024 | ▲ 1,065% |
| Operating profit (loss)9901 | -€264 | -€10,217 | -€60,972 | €2,444 | €51,090 | ▲ 1,990% |
| Financial income75/76B | - | - | - | €11,000 | €11,003 | = |
| Recurring financial income75 | €10,025 | €13,784 | €11,391 | €11,000 | €11,003 | = |
| Financial charges65/66B | - | - | - | €131 | €118 | ▼ 9.8% |
| Recurring financial charges65 | €5,847 | €1,857 | €4,046 | €131 | €118 | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | €3,914 | €1,710 | -€53,627 | €13,314 | €61,975 | ▲ 366% |
| Income taxes67/77 | €23 | €7 | €2 | - | - | - |
| Profit (loss) for the period9904 | €3,891 | €1,703 | -€53,629 | €13,314 | €61,975 | ▲ 366% |
| Profit (loss) for the period to be appropriated9905 | €3,891 | €1,703 | -€53,629 | €13,314 | €61,975 | ▲ 366% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €780,908 | €510,856 | €453,246 | €397,174 | €451,840 | ▲ 13.8% |
| Fixed assets21/28 | €43,098 | €37,658 | €5,500 | €5,500 | €5,500 | = |
| Tangible fixed assets22/27 | €41,828 | €36,388 | €5,500 | €5,500 | €5,500 | = |
| Other tangible fixed assets26 | - | - | - | €5,500 | €5,500 | = |
| Financial fixed assets28 | €1,270 | €1,270 | - | - | - | - |
| Current assets29/58 | €737,810 | €473,198 | €447,746 | €391,674 | €446,340 | ▲ 14.0% |
| Amounts receivable after more than one year29 | - | - | - | €200,000 | €200,000 | = |
| Other amounts receivable291 | - | - | - | €200,000 | €200,000 | = |
| Stocks and contracts in progress3 | €24,721 | €12,023 | €2,977 | - | - | - |
| Amounts receivable within one year40/41 | €69,873 | €27,053 | €17,779 | €5,129 | €9,861 | ▲ 92.3% |
| Trade receivables40 | - | - | - | €4,491 | €9,703 | ▲ 116% |
| Other amounts receivable41 | - | - | - | €638 | €159 | ▼ 75.1% |
| Current investments50/53 | - | - | - | - | €200,000 | - |
| Cash at bank and in hand54/58 | €443,216 | €234,122 | €226,990 | €186,543 | €36,479 | ▼ 80.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €780,908 | €510,856 | €453,246 | €397,174 | €451,840 | ▲ 13.8% |
| Equity10/15 | €399,214 | €400,917 | €347,289 | €360,603 | €422,577 | ▲ 17.2% |
| Contributions10/11 | €64,102 | €64,102 | €64,102 | €64,102 | €64,102 | = |
| Capital10 | - | - | - | €64,102 | €64,102 | = |
| Issued capital100 | - | - | - | €64,102 | €64,102 | = |
| Reserves13 | €70,433 | €70,433 | €70,433 | €70,433 | €70,433 | = |
| Non-distributable reserves130/1 | - | - | - | €12,395 | €12,395 | = |
| Legal reserve130 | - | - | - | €12,395 | €12,395 | = |
| Distributable reserves133 | - | - | - | €58,038 | €58,038 | = |
| Profit (loss) carried forward14 | €264,679 | €266,382 | €212,754 | €226,068 | €288,042 | ▲ 27.4% |
| Provisions and deferred taxes16 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €25,000 | €25,000 | = |
| Other liabilities and charges164/5 | - | - | - | €25,000 | €25,000 | = |
| Amounts payable17/49 | €356,695 | €84,939 | €80,957 | €11,571 | €4,263 | ▼ 63.2% |
| Amounts payable within one year42/48 | €353,545 | €84,939 | €80,957 | €11,571 | €4,263 | ▼ 63.2% |
| Trade debts44 | €49,953 | €29,222 | €27,965 | €10,913 | €124 | ▼ 98.9% |
| Suppliers440/4 | - | - | - | €10,913 | €124 | ▼ 98.9% |
| Taxes, remuneration and social security45 | - | - | - | €658 | €4,139 | ▲ 529% |
| Taxes450/3 | - | - | - | €658 | €4,139 | ▲ 529% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,891 | €1,703 | -€53,629 | €13,314 | €61,975 | ▲ 366% |
| + Depreciation and write-downs630 | €5,606 | €5,440 | €406 | - | - | - |
| Operating cash flow (approximation) | €9,497 | €7,143 | -€53,223 | €13,314 | €61,975 | ▲ 366% |
| Investment in fixed assets (approximation) | - | €0 | €31,753 | €0 | €0 | - |
| Change in cash | - | -€209,094 | -€7,132 | -€40,447 | -€150,065 | ▼ 271% |
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
08-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €61,975 ▲366%
Operating result €51,090, net result €61,975, both a record.
30-09
Financial
Liquidity triplescurrent ratio 104.71
Current ratio from 33.85 to 104.71; short-term debt falls from €11,571 to €4,263.
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €13,314
Net result €13,314 after one loss-making year.
30-09
Financial
Liquidity times 6current ratio 33.85
Current ratio from 5.53 to 33.85; short-term debt falls from €80,957 to €11,571.
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€53,629
Net result drops to -€53,629, the lowest in the series.
04-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Liquidity triplescurrent ratio 5.57
Current ratio from 2.09 to 5.57; short-term debt falls from €353,545 to €84,939.
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 12 days late
2016
24-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
Owners and holdings
1 ownerChain of control
- CONDOR
- ARC
Highest known parent: CONDOR. The sources do not say who stands above it.
Owners 1
- CONDORparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.