ARCA · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ARCA is 0.3% (very low). The 2025 annual accounts show equity of €317k and a net result of €31k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 74% of 338 sector peers (fiscal year 2025). The company has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2025).

View the result trend

Growing equity

Equity grew over 2022-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 24-07-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

How we compute the deadline

This company changed its financial year: its two most recent filings do not close on the same date. Each filed year keeps its own exact deadline, but we project no following year on 30-11, because adding twelve months right after a change is unreliable. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-11-2025, that is 30-06-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-11-2025	30-06-2026	24-07-2026	24 d late	2026-00328763
31-12-2023	31-07-2024	20-09-2024	51 d late	2024-00466688
31-12-2022	31-07-2023	19-09-2023	50 d late	2023-00448641
31-12-2021	31-07-2022	29-08-2022	29 d late	2022-20335358
31-12-2020	31-07-2021	31-08-2021	31 d late	2021-61300145
31-12-2019	31-07-2020	24-09-2020	55 d late	2020-55300519
31-12-2018	31-07-2019	25-06-2019	36 d early	2019-22600032
31-12-2017	31-07-2018	03-07-2018	28 d early	2018-28200069
31-12-2016	31-07-2017	17-08-2017	17 d late	2017-44700175
31-12-2015	31-07-2016	20-07-2016	11 d early	2016-35500352

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1978, 47 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.3% Very low

0%0,5%1,5%4%10%≥25%

Long track record −Annual accounts: healthy financial profile −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated schema)

EBIT marginNot published (abbreviated schema)

Net result€31k+5392.5%

Working capital€351k+18.8%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 24-07-2026 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~42% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	65.7%	36.5%	better than 74% of 338 sector peers
Net result	€31k	€44k	better than 45% of 338 sector peers
Equity	€317k	€279k	better than 52% of 338 sector peers
Gross operating margin	€250k	€244k	better than 51% of 337 sector peers
Staff costs	€14k	€174k	higher than 8% of 214 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P74

Improving position over 2020-2025 · n=338-900

Net result P45

Stable position over 2020-2025 · n=338-899

Equity P52

Improving position over 2020-2025 · n=338-901

Gross operating margin P51

Stable position over 2020-2025 · n=337-898

Describes the position versus peers, not a forecast.

EBITDA

€44k

+102.6% 18-25

Net profit

€31k

+5392.5% 18-25

Cash flow

€31k

+69.7% 18-25

Total assets

€482k

-31.5% 18-25

Equity

€317k

+10.9% 18-25

Working capital

€351k

+18.8% 18-25

Employees (FTE)

0

-89.7% 18-25

Staff costs

€14k

-89.2% 18-25

Show 12 other metrics

Income taxes

€12k

+819.9% 18-25

Dividends

€100k

0.0% 18-25

Debt

€166k

-60.4% 18-25

Debt ≤ 1y

€129k

-64.5% 18-25

Debt > 1y

€37k

-34.0% 18-25

Current ratio

3.73

+105.4% 18-25

Quick ratio

3.73

+140.9% 18-25

Solvency

65.7%

+61.8% 18-25

Debt / equity

0.52

-64.3% 18-25

ROE

9.8%

+4853.8% 18-25

ROA

6.4%

+7915.4% 18-25

Interest coverage

25.80

+462.1% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€44k
Net profit	€31k
Cash flow	€31k
Staff costs	€14k
Income taxes	€12k
Dividends	-
Total assets	€482k
Equity	€317k
Debt	€166k
of which ≤ 1y	€129k
of which > 1y	€37k
Working capital	€351k
Employees (FTE)	0.3

Ratios (computed)

	2025
Current ratio	3.73
Quick ratio	3.73
Working capital ratio	72.8%
Solvency	65.7%
Debt / equity	0.52
Long-term debt ratio	0.12
Interest coverage	25.80
Gross margin	-
Net margin	-
ROA	6.4%
ROE	9.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €2k · 0.5% Current assets €480k · 99.5%

Equity & liabilities

Equity €317k · 65.7% Debt €166k · 34.3%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€482k
Fixed assets	21/28	€2k
Intangible fixed assets	21	€0
Tangible fixed assets	22/27	€0
Financial fixed assets	28	€2k
Current assets	29/58	€480k
Stocks & contracts in progress	3	€0
Amounts receivable within one year	40/41	€53k
Cash & bank	54/58	€126k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€482k
Equity	10/15	€317k
Contributions / capital	10/11	€62k
Reserves	13	€255k
Amounts payable	17/49	€166k
Amounts payable after one year	17	€37k
Amounts payable within one year	42/48	€129k
Trade debts payable within one year	44	€554
Income statement
Gross operating margin	9900	€250k
Operating result	9901	€44k
Financial income	75	€1k
Financial charges	65	€2k
Result before taxes	9903	€43k
Income taxes	67/77	€12k
Net result for the period	9904	€31k
Result to be appropriated	9905	€31k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

ARCA NV

Steertstraat(Mar) 13, 8510 KortrijkGroothandel in vlees en vleeswaren, exclusief vlees van gevogelte en van wild

since 19792.015.517.963

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,059 m²

Buildings1

Building footprint167 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34026B0562/00G000	Flanders	1,059 m²	1 · 167 m²	-

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 act

All acts · 1 updated 2 years ago

2023

29-12-2023 Publication in the Belgian Official Gazette, Minor change Minor change·Michaël Mullie

Summary: Agm rules changeNotary: Michaël Mullie · Zwevegem

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

80 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 49

Solvency 100

Growth 58

Stability 100

Credit advice

verdict per customer and amount

Similar

Similar companies

Comparable size, same sector

G. VANHERK EN ZONEN

BE 0454.167.064 · Oudsbergen

Eq €284k→

Has Trade

BE 0765.244.480 · Genk

Eq €273k→

E-2F-Trading

BE 0402.009.372 · Sint-Pieters-Leeuw

Eq €372k→

DUROC D'OLIVES

BE 0841.219.632 · Lochristi

Eq €247k→

VLEESHANDEL DE WAELE

BE 0442.881.016 · Aalter

Eq €409k→

We hold annual accounts for 75 of the 755 companies in this sector. 47 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte46321Groothandel in vlees en vleeswaren, exclusief vlees van gevogelte en van wild51321

Primary activity highlighted.

Names & trade names

Legal nameNL

ARCA

Registered office

Steertstraat(Mar) 13

8510 Kortrijk, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.