ARC
ActiveSummary
ARC has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,730 and a net result of €61,715. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 51% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+25
Solvency68▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.75 in 2024; short-term debt: 57% and cash: 60.8% of total assets), but 57% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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 2025Solvency, return and age of the figures
Solvency
43%
Return on assets
24.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
34 d early
2023
37 d early
2022
32 d early
2021
33 d early
2020
37 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€107,730▼ 17.8%
2024 · €131,015
Total assets
€250,490▼ 16.4%
2024 · €299,625
Net result
€61,715▲ 296%
2024 · €15,576
Working capital
€105,218▼ 16.6%
2024 · €126,169
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€94,996▲ 2.8%€65,038▼ 31.5%€46,157▼ 29.0%€20,409▼ 55.8%€76,357▲ 274%
Net result€72,053above the sector's middle half▲ 3.1%€48,556above the sector's middle half▼ 32.6%€34,120above the sector's middle half▼ 29.7%€15,576within the sector's middle half▼ 54.3%€61,715above the sector's middle half▲ 296%
Equity€215,462above the sector's middle half▲ 29.1%€108,320within the sector's middle half▼ 49.7%€140,439within the sector's middle half▲ 29.7%€131,015within the sector's middle half▼ 6.7%€107,730within the sector's middle half▼ 17.8%
Total assets€390,561within the sector's middle half▲ 19.9%€261,547within the sector's middle half▼ 33.0%€261,628within the sector's middle half=€299,625within the sector's middle half▲ 14.5%€250,490within the sector's middle half▼ 16.4%
Debt€175,099▲ 10.2%€153,228▼ 12.5%€121,189▼ 20.9%€168,609▲ 39.1%€142,760▼ 15.3%
Working capital€174,769▲ 53.2%€79,819▼ 54.3%€124,125▲ 55.5%€126,169▲ 1.6%€105,218▼ 16.6%
Solvency55.2%within the sector's middle half▲ 3.9pp41.4%within the sector's middle half▼ 13.8pp53.7%within the sector's middle half▲ 12.3pp43.7%within the sector's middle half▼ 10.0pp43.0%within the sector's middle half▼ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 274% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €250,490
Fixed assets
€2,579 ▼ 47.5%
Current assets
€247,911 ▼ 15.9%
Equity and liabilities €250,490
Equity
€107,730 ▼ 17.8%
Debt
€142,760 ▼ 15.3%
Debt's share of the balance-sheet total rises from 56.3% to 57.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€78,691▲
2024 · €31,875
Cash flow
€64,048▲
2024 · €27,042
Current ratio
1.74▼
2024 · 1.75
Debt to equity
1.33▲
2024 · 1.29
ROE
57.3%▲
2024 · 11.9%
ROA
24.6%▲
2024 · 5.2%
Interest coverage
41.23▲
2024 · 11.54
Debt ≤ 1 year
€142,693▼
2024 · €168,544
Income taxes
€17,090▲
2024 · €5,488
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 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% | 1.6% |
| 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 74% 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 34,672 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,186 | €12,186 | €12,186 | €11,466 | €2,334 | ▼ 79.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €30,137 | - | -€1,717 | €8,887 | - | - |
| Other operating charges640/8 | €1,818 | €4,923 | €2,371 | €2,446 | €4,032 | ▲ 64.9% |
| Gross operating margin9900 | €139,137 | €82,146 | €58,997 | €43,207 | €82,723 | ▲ 91.5% |
| Operating profit (loss)9901 | €94,996 | €65,038 | €46,157 | €20,409 | €76,357 | ▲ 274% |
| Financial income75/76B | €1,698 | €16,529 | €1,456 | €3,417 | €4,356 | ▲ 27.5% |
| Recurring financial income75 | €1,698 | €3,044 | €1,456 | €1,753 | €1,520 | ▼ 13.3% |
| Non-recurring financial income76B | - | €13,485 | - | €1,664 | €2,836 | ▲ 70.4% |
| Financial charges65/66B | €3,102 | €16,024 | €3,282 | €2,762 | €1,908 | ▼ 30.9% |
| Recurring financial charges65 | €3,102 | €16,024 | €3,282 | €2,762 | €1,908 | ▼ 30.9% |
| Profit (loss) for the period before taxes9903 | €93,592 | €65,542 | €44,331 | €21,064 | €78,805 | ▲ 274% |
| Income taxes67/77 | €21,538 | €16,987 | €10,212 | €5,488 | €17,090 | ▲ 211% |
| Profit (loss) for the period9904 | €72,053 | €48,556 | €34,120 | €15,576 | €61,715 | ▲ 296% |
| Profit (loss) for the period to be appropriated9905 | €72,053 | €48,556 | €34,120 | €15,576 | €61,715 | ▲ 296% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €390,561 | €261,547 | €261,628 | €299,625 | €250,490 | ▼ 16.4% |
| Fixed assets21/28 | €40,750 | €28,564 | €16,378 | €4,913 | €2,579 | ▼ 47.5% |
| Intangible fixed assets21 | €28,836 | €18,984 | €9,132 | - | - | - |
| Tangible fixed assets22/27 | €11,889 | €9,555 | €7,221 | €4,888 | €2,554 | ▼ 47.7% |
| Other tangible fixed assets26 | €11,889 | €9,555 | €7,221 | €4,888 | €2,554 | ▼ 47.7% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €349,811 | €232,983 | €245,250 | €294,712 | €247,911 | ▼ 15.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €6,124 | - |
| Other amounts receivable291 | - | - | - | - | €6,124 | - |
| Amounts receivable within one year40/41 | €140,917 | €101,722 | €105,310 | €122,672 | €86,069 | ▼ 29.8% |
| Trade receivables40 | €137,149 | €92,983 | €102,980 | €114,278 | €84,111 | ▼ 26.4% |
| Other amounts receivable41 | €3,768 | €8,739 | €2,330 | €8,394 | €1,958 | ▼ 76.7% |
| Current investments50/53 | €116,740 | - | €50,000 | - | - | - |
| Cash at bank and in hand54/58 | €91,563 | €129,255 | €84,203 | €168,118 | €152,294 | ▼ 9.4% |
| Deferred charges and accrued income490/1 | €592 | €2,006 | €5,737 | €3,922 | €3,424 | ▼ 12.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €390,561 | €261,547 | €261,628 | €299,625 | €250,490 | ▼ 16.4% |
| Equity10/15 | €215,462 | €108,320 | €140,439 | €131,015 | €107,730 | ▼ 17.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | - | - | - | - |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €195,002 | €87,860 | €121,839 | €112,415 | €89,130 | ▼ 20.7% |
| Amounts payable17/49 | €175,099 | €153,228 | €121,189 | €168,609 | €142,760 | ▼ 15.3% |
| Amounts payable within one year42/48 | €175,042 | €153,164 | €121,125 | €168,544 | €142,693 | ▼ 15.3% |
| Trade debts44 | €117,117 | €100,763 | €73,336 | €130,493 | €71,478 | ▼ 45.2% |
| Suppliers440/4 | €117,117 | €100,763 | €73,336 | €130,493 | €71,478 | ▼ 45.2% |
| Taxes, remuneration and social security45 | €14,000 | €21,177 | €22,677 | €27,413 | €33,725 | ▲ 23.0% |
| Taxes450/3 | €10,952 | €17,387 | €19,178 | €24,524 | €30,494 | ▲ 24.3% |
| Remuneration and social security454/9 | €3,047 | €3,790 | €3,499 | €2,889 | €3,232 | ▲ 11.9% |
| Other amounts payable47/48 | €43,925 | €31,224 | €25,113 | €10,637 | €37,490 | ▲ 252% |
| Accrued charges and deferred income492/3 | €57 | €64 | €64 | €66 | €67 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,053 | €48,556 | €34,120 | €15,576 | €61,715 | ▲ 296% |
| + Depreciation and write-downs630 | €12,186 | €12,186 | €12,186 | €11,466 | €2,334 | ▼ 79.6% |
| Operating cash flow (approximation) | €84,239 | €60,741 | €46,305 | €27,042 | €64,048 | ▲ 137% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €37,692 | -€45,052 | €83,915 | -€15,824 | ▼ 119% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €72,053 ▲3.1%
Operating result €94,996, net result €72,053, both a record.
31-12
Financial
Equity above €200,000Eq €215,462 ▲29.1%
4 profitable years in a row build equity to €215,462.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €166,938 ▲68.5%
3 profitable years in a row build equity to €166,938.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €12,857 ▼54.8%
Net result drops to €12,857, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
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, Ellezelles · 1 establishment unit since 2015
Ground area
2,275 m²
Building footprint
252 m²
Volume, LiDAR
3,043 m³
Parcel 51017D0993/00F002, Wallonia · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ARC
since 20152.238.136.527
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51017D0993/00F002 | Wallonia | 2,275 m² | 1 · 252 m² | 16.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500N7563D9503BB62
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Of 1,277 companies in sector 46160 we hold annual accounts for 687. 538 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
Founded05-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
01430Raising of horses and other equines
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
55203Holiday cottages, homes and apartments
55209Other holiday and short-stay accommodation
71112Activities of interior architects
74130Interior design
E-invoicing
Reachable via Peppol
Peppol ID
0208:0507900116
Also
9925:BE0507900116
Registered
04-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.