Equity
ARC paid out €85,000 in dividends. That is 138% of the 2025 profit.
ARC paid out €85,000 in dividends. That is 138% of the 2025 profit.
Green is investment, beige is depreciation.
Two of the last ten came late. The 2016 accounts came latest: 29 days after the end of the period.
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 51% of them on solvency, 76% on liquidity, 90% on profitability and 20% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
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).
In July 2024, 34,693 companies had the same profile as ARC has now. Each dot stands for 87 companies, two years later.
The bankruptcy probability of ARC itself is higher: 1.3% within 12 months. It rests on far more data about ARC than the profile alone.
The method was tested on the 497,448 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 34,693 companies, not a prediction for ARC. 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.
Liquidity is ample, with a current ratio of 1.74 (1.75 in 2024), above the usual 1.5. Short-term debt is 57% and cash 60.8% of total assets. However, 57% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ARC Ronse | €250,490 | €82,723 | 43.0% | - |
| SWEET DREAMS DURBUY Koekelberg | €268,231 | €98,944 | 74.1% | - |
| AMADEO FASHION Ghent | €323,545 | €72,653 | 25.0% | - |
| EURO DETEX Schaerbeek | €239,631 | €66,720 | 16.1% | - |
| Déjà-Vu Turnhout | €298,993 | €88,787 | 44.6% | - |
| FASHION-PROOF Antwerp | €207,648 | €115,689 | 28.7% | - |
| AU PAYS DES REVES Hannut | €226,171 | €105,090 | 68.9% | - |
These companies have the same main activity as ARC: agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160). They are comparable in size and age: total assets between €208,000 and €324,000, founded between 2012 and 2016.
ARC files the micro format. That format states no turnover. The gross margin rose from €64,383 in 2015 to €82,723 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €390,000. Estimated: probably between €200,000 and €900,000.
Higher than 52% of 13,807 companies in 2025.
Higher than 52% of 13,189 companies in 2025.
Higher than 87% of 13,367 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
250,490 | 299,625 | 261,628 | 261,547 | 390,561 | 325,795 | 288,198 | 249,935 | 177,383 | 225,566 | 331,379 | |
21/28 |
2,579 | 4,913 | 16,378 | 28,564 | 40,750 | 52,936 | 65,122 | 66,665 | 77,427 | 83,774 | 82,214 | |
21 |
- | - | 9,132 | 18,984 | 28,836 | 38,688 | 48,541 | 54,793 | 63,925 | 73,057 | 82,189 | |
22/27 |
2,554 | 4,888 | 7,221 | 9,555 | 11,889 | 14,222 | 16,556 | 11,848 | 13,477 | 10,692 | - | |
26 |
2,554 | 4,888 | 7,221 | 9,555 | 11,889 | 14,222 | 16,556 | 11,848 | 13,477 | 10,692 | - | |
28 |
25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | |
29/58 |
247,911 | 294,712 | 245,250 | 232,983 | 349,811 | 272,859 | 223,076 | 183,270 | 99,957 | 141,791 | 249,165 | |
29 |
6,124 | - | - | - | - | - | - | - | - | - | - | |
291 |
6,124 | - | - | - | - | - | - | - | - | - | - | |
3 |
- | - | - | - | - | - | 19,933 | - | - | - | - | |
30/36 |
- | - | - | - | - | - | 19,933 | - | - | - | - | |
40/41 |
86,069 | 122,672 | 105,310 | 101,722 | 140,917 | 111,878 | 147,323 | 89,154 | 52,564 | 92,914 | 171,620 | |
40 |
84,111 | 114,278 | 102,980 | 92,983 | 137,149 | 92,582 | 141,023 | 89,154 | 49,821 | 92,914 | 171,555 | |
41 |
1,958 | 8,394 | 2,330 | 8,739 | 3,768 | 19,296 | 6,300 | - | 2,743 | - | 65 | |
50/53 |
- | - | 50,000 | - | 116,740 | - | - | - | - | - | - | |
54/58 |
152,294 | 168,118 | 84,203 | 129,255 | 91,563 | 160,542 | 55,253 | 93,114 | 47,149 | 48,497 | 77,314 | |
490/1 |
3,424 | 3,922 | 5,737 | 2,006 | 592 | 439 | 567 | 1,002 | 244 | 380 | 232 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
250,490 | 299,625 | 261,628 | 261,547 | 390,561 | 325,795 | 288,198 | 249,935 | 177,383 | 225,566 | 331,379 | |
10/15 |
107,730 | 131,015 | 140,439 | 108,320 | 215,462 | 166,938 | 99,050 | 87,823 | 59,364 | 53,809 | 70,904 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | |
133 |
- | - | - | 1,860 | - | - | - | - | - | - | - | |
14 |
89,130 | 112,415 | 121,839 | 87,860 | 195,002 | 146,478 | 78,590 | 67,363 | 38,904 | 33,349 | 50,444 | |
17/49 |
142,760 | 168,609 | 121,189 | 153,228 | 175,099 | 158,857 | 189,148 | 162,112 | 118,019 | 171,756 | 260,475 | |
42/48 |
142,693 | 168,544 | 121,125 | 153,164 | 175,042 | 158,802 | 189,094 | 162,058 | 117,967 | 171,688 | 260,346 | |
44 |
71,478 | 130,493 | 73,336 | 100,763 | 117,117 | 59,964 | 132,824 | 96,990 | 49,199 | 76,695 | 156,324 | |
440/4 |
71,478 | 130,493 | 73,336 | 100,763 | 117,117 | 59,964 | 132,824 | 96,990 | 49,199 | 76,695 | 156,324 | |
46 |
- | - | - | - | - | 44,412 | - | - | - | - | - | |
45 |
33,725 | 27,413 | 22,677 | 21,177 | 14,000 | 5,268 | 5,266 | 11,800 | 5,617 | 16,580 | 26,866 | |
450/3 |
30,494 | 24,524 | 19,178 | 17,387 | 10,952 | 2,241 | 1,975 | 9,058 | 2,472 | 13,041 | 23,732 | |
454/9 |
3,232 | 2,889 | 3,499 | 3,790 | 3,047 | 3,027 | 3,292 | 2,743 | 3,145 | 3,538 | 3,134 | |
47/48 |
37,490 | 10,637 | 25,113 | 31,224 | 43,925 | 49,158 | 51,003 | 53,267 | 63,151 | 78,414 | 77,156 | |
492/3 |
67 | 66 | 64 | 64 | 57 | 55 | 55 | 54 | 52 | 68 | 129 | |
| Income statement | ||||||||||||
9900 |
82,723 | 43,207 | 58,997 | 82,146 | 139,137 | 109,272 | 36,255 | 54,670 | 24,901 | 23,533 | 64,383 | |
630 |
2,334 | 11,466 | 12,186 | 12,186 | 12,186 | 12,186 | 12,186 | 10,762 | 10,762 | 10,320 | 9,132 | |
631/4 |
- | 8,887 | -1,717 | - | 30,137 | 2,867 | - | - | - | - | - | |
640/8 |
4,032 | 2,446 | 2,371 | 4,923 | 1,818 | 1,804 | 3,262 | 2,663 | 1,752 | 1,838 | 3,841 | |
9901 |
76,357 | 20,409 | 46,157 | 65,038 | 94,996 | 92,415 | 20,807 | 41,245 | 12,388 | 11,375 | 51,410 | |
75/76B |
4,356 | 3,417 | 1,456 | 16,529 | 1,698 | 1,173 | 2,132 | 1,163 | 2,937 | 1,676 | 1,019 | |
75 |
1,520 | 1,753 | 1,456 | 3,044 | 1,698 | 1,173 | 2,132 | 1,163 | 2,937 | 1,676 | 1,019 | |
76B |
2,836 | 1,664 | - | 13,485 | - | - | - | - | - | - | - | |
65/66B |
1,908 | 2,762 | 3,282 | 16,024 | 3,102 | 3,373 | 4,567 | 3,834 | 4,298 | 4,873 | 125 | |
65 |
1,908 | 2,762 | 3,282 | 16,024 | 3,102 | 3,373 | 4,567 | 3,834 | 4,298 | 4,873 | 125 | |
9903 |
78,805 | 21,064 | 44,331 | 65,542 | 93,592 | 90,215 | 18,371 | 38,574 | 11,027 | 8,178 | 52,304 | |
67/77 |
17,090 | 5,488 | 10,212 | 16,987 | 21,538 | 20,327 | 5,514 | 10,116 | 5,472 | 25,273 | - | |
9904 |
61,715 | 15,576 | 34,120 | 48,556 | 72,053 | 69,889 | 12,857 | 28,458 | 5,555 | -17,095 | 52,304 | |
9905 |
61,715 | 15,576 | 34,120 | 48,556 | 72,053 | 69,889 | 12,857 | 28,458 | 5,555 | -17,095 | 52,304 | |
| Appropriation of the result | ||||||||||||
9906 |
174,130 | 137,415 | 121,979 | 243,558 | 218,532 | 148,478 | 80,220 | 67,363 | 38,904 | 33,349 | 52,304 | |
14P |
112,415 | 121,839 | 87,860 | 195,002 | 146,478 | - | - | - | - | - | - | |
791/2 |
- | - | 1,860 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
85,000 | 25,000 | 2,000 | 155,698 | 23,529 | 2,000 | 1,630 | - | - | - | - | |
694 |
85,000 | 25,000 | 2,000 | 155,698 | 23,529 | 2,000 | 1,630 | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00333656 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00185351 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00153827 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00177357 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20099056 | |
| 31-12-2020 | micro format | 24-06-2021 | 2021-23400252 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-45700397 | |
| 31-12-2018 | micro format | 22-07-2019 | 2019-35200278 | |
| 31-12-2017 | micro format | 12-07-2018 | 2018-31600125 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-49000316 | |
| 31-12-2015 | full format | 01-08-2016 | 2016-37700130 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 78,691 | 31,875 | 58,343 | 77,224 | 107,182 | 104,601 | 32,992 | 52,007 | 23,149 | 21,695 | 60,542 | ||
| 64,048 | 27,042 | 46,305 | 60,741 | 84,239 | 82,074 | 25,043 | 39,220 | 16,317 | -6,774 | 61,436 | ||
| 9,039 | 0 | 0 | 5,317 | 0 | 0 | 10,642 | 0 | 4,414 | 11,881 | 91,346 | ||
| -15,824 | 83,915 | -45,052 | 37,692 | -68,980 | 105,289 | -37,861 | 45,966 | -1,348 | -28,817 | - | ||
| 105,218 | 126,169 | 124,125 | 79,819 | 174,769 | 114,057 | 33,983 | 21,212 | -18,010 | -29,897 | -11,181 | ||
| 43.0% | 43.7% | 53.7% | 41.4% | 55.2% | 51.2% | 34.4% | 35.1% | 33.5% | 23.9% | 21.4% | ||
| 1.74 | 1.75 | 2.02 | 1.52 | 2.00 | 1.72 | 1.18 | 1.13 | 0.85 | 0.83 | 0.96 | ||
| 1.74 | 1.75 | 2.02 | 1.52 | 2.00 | 1.72 | 1.07 | 1.13 | 0.85 | 0.83 | 0.96 | ||
| 1.33 | 1.29 | 0.86 | 1.41 | 0.81 | 0.95 | 1.91 | 1.85 | 1.99 | 3.19 | 3.67 | ||
| 57.3% | 11.9% | 24.3% | 44.8% | 33.4% | 41.9% | 13.0% | 32.4% | 9.4% | -31.8% | 73.8% | ||
| 24.6% | 5.2% | 13.0% | 18.6% | 18.4% | 21.5% | 4.5% | 11.4% | 3.1% | -7.6% | 15.8% | ||
| 41.23 | 11.54 | 17.78 | 4.82 | 34.55 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,039 | - | - | €5,317 | - |
| €2,334 | €11,466 | €12,186 | €12,186 | €12,186 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is over 3.7 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 56.3% to 57.0%. Equity and debt are lower.
ARC has no parent and no holdings in its annual accounts. ARC shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
A deed published in both Dutch and French appears here once.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Charles de Gaullestraat 18 registered office 9600 Ronse | ||
| Rue Docteur André 52 7890 Ellezelles 13929 Manufacture of textiles | 05-01-2015 | 2.238.136.527 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 51017D0993/00F002 | Wallonia | 2,275 m² | 1 · 252 m² | 16.8 m · 4 |
| 45422C0141/00F005 | Flanders | 220 m² | 1 · 223 m² | 15.2 m · 3 |
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