Arcade
ActiveSummary
Arcade has been active since 1975 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.7m and a net result of -€272,175. Equity has been growing by about 15% per year since 2018. Its solvency ranks better than 86% of 602 sector peers (NACE 87, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-02-1975 Normal situation
- Activity
- Residential care activities NACE 87991
- Joint committee
- 319.01 Educational and residential institutions · annual accounts 2024
- Establishment units
- 2.150.770.013 8470 Gistel, since 03-01-2006
- 2.152.255.893 8470 Gistel, since 16-03-2006and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- Auditor
- Vandelanotte Bedrijfsrevisoren
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Deficit
- €272,175
- Equity
- €10.7m
- ▲ 6.2%
- Total assets
- €14.0m
- ▼ 2.0%
- Employees on 31-12-2025
- 109
- ▼ 3.5%
Turnover not published (abbreviated format)
Score breakdownraises riskLiquidity: current ratio 1.12, cash €590,661lowers riskLegal form: non-profit associationSector: Residential care activities (NACE 87)Equity €10.7m (76.4% of total assets)Show the evidence
Checked score
Score 2025
96
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 65% of medium-sized companies in residential care (NACE 87)
Financial strength · tick: 2024
Strong
Solvency
100+5
equity 76.4% of total assets
Liquidity
53+3
short-term debt 12.9% · cash 4.2%
Profitability
66+19
return on assets -1.9%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €1,000,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.12 (1.18 in 2024), below the usual 1.5. Short-term debt is 12.9% and cash 4.2% of total assets. 23.6% of the assets are financed with debt and provisions.
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 87, medium-sized). It does better than 95% of them on solvency, 52% on liquidity, 46% on profitability and 67% on growth.
The bankruptcy probability was computed on 04-11-2026 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 very low class on 30-06-2025, 0.1% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 days early
2024
17 days early
2023
5 days early
2022
68 days early
2021
39 days early
2020
26 days early
2019
39 days 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 31 days before the deadline. In the sector (NACE 87), the median for financial year 2024 was 27 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 20 filings
Equity
€10.7m▲ 6.2%
2024 · €10.1m
Total assets
€14.0m▼ 2.0%
2024 · €14.3m
Net result
-€272,175
2024 · €177,008
Working capital
€216,278▼ 53.7%
2024 · €467,598
In the rankings
#1 company by total assets in Gistel, Health and social work sector#1 company by equity in Gistel, Health and social work sector#1 oldest company in Gistel, Health and social work sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€215,962
2025
20182025
Net result
-€272,175
2025
lowest quarter of the sector
20182025
Equity
€10.7m
▲ 6.2%
2025
highest quarter of the sector
20182025
Total assets
€14.0m
▼ 2.0%
2025
middle half of the sector
20182025
Debt
€3.2m
▼ 21.7%
2025
20182025
Working capital
€216,278
▼ 53.7%
2025
middle half of the sector
20182025
Solvency
76.4%
▲ 5.9pp
2025
highest quarter of the sector
20182025
Current ratio
1.12
▼ 0.06
2025
middle half of the sector
20182025
Return on assets (ROA)
-1.9%
▼ 3.2pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
93.3
▲ 1.4%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.4m-€0.4m▲ 22.4%€0.1m▼ 72.6%€0.2m▲ 102%€0.3m▲ 32.4%€0.4m▲ 30.5%€0.2m▼ 63.9%-€0.2m
Net result€0.4m-€0.5m▲ 21.9%€0.1mwithin the sector's middle half▼ 73.1%€0.2mwithin the sector's middle half▲ 87.8%€0.3mabove the sector's middle half▲ 36.6%€0.5mabove the sector's middle half▲ 50.0%€0.2mwithin the sector's middle half▼ 62.0%-€0.3mbelow the sector's middle half
Equity€4.0m-€4.5m▲ 11.0%€4.6mwithin the sector's middle half▲ 2.6%€4.8mwithin the sector's middle half▲ 4.9%€5.5mwithin the sector's middle half▲ 13.0%€7.4mwithin the sector's middle half▲ 35.4%€10.1mabove the sector's middle half▲ 36.0%€10.7mabove the sector's middle half▲ 6.2%
Total assets€5.1m-€5.5m▲ 7.8%€5.8mwithin the sector's middle half▲ 5.5%€6.4mwithin the sector's middle half▲ 8.8%€7.3mwithin the sector's middle half▲ 14.3%€11.4mwithin the sector's middle half▲ 57.7%€14.3mwithin the sector's middle half▲ 24.9%€14.0mwithin the sector's middle half▼ 2.0%
Debt€0.9m-€0.9m▲ 0.1%€1.1m▲ 22.8%€1.3m▲ 16.1%€1.6m▲ 21.4%€3.8m▲ 137%€4.0m▲ 5.9%€3.2m▼ 21.7%
Working capital€3.7m-€4.1m▲ 10.3%€4.0mabove the sector's middle half▼ 2.8%€3.3mabove the sector's middle half▼ 17.5%€3.5mabove the sector's middle half▲ 5.3%€3.6mabove the sector's middle half▲ 4.3%€0.5mwithin the sector's middle half▼ 87.1%€0.2mwithin the sector's middle half▼ 53.7%
Solvency78.9%-81.2%▲ 2.4pp79.0%above the sector's middle half▼ 2.3pp76.1%above the sector's middle half▼ 2.8pp75.3%above the sector's middle half▼ 0.8pp64.7%within the sector's middle half▼ 10.6pp70.4%within the sector's middle half▲ 5.8pp76.4%above the sector's middle half▲ 5.9pp
Current ratio5.04-5.47▲ 0.434.52above the sector's middle half▼ 0.953.53above the sector's middle half▼ 0.993.16within the sector's middle half▼ 0.372.57within the sector's middle half▼ 0.601.18below the sector's middle half▼ 1.391.12within the sector's middle half▼ 0.06
Return on assets (ROA)7.2%-8.1%▲ 0.9pp2.1%within the sector's middle half▼ 6.1pp3.6%within the sector's middle half▲ 1.5pp4.3%above the sector's middle half▲ 0.7pp4.1%within the sector's middle half▼ 0.2pp1.2%within the sector's middle half▼ 2.8pp-1.9%below the sector's middle half▼ 3.2pp
Staff (FTE)82.2-84.1▲ 2.3%82.1within the sector's middle half▼ 2.4%83.3within the sector's middle half▲ 1.5%83.4within the sector's middle half▲ 0.1%84.6within the sector's middle half▲ 1.4%92within the sector's middle half▲ 8.7%93.3within the sector's middle half▲ 1.4%
above
within
below
The sector band is the middle half of the companies in Residential care activities (NACE 87). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €215,962, after a profit of €154,915 in 2024. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.0m
Fixed assets
€12.0m ▲ 6.7%
Current assets
€2.0m ▼ 34.0%
Equity and liabilities €14.0m
Equity
€10.7m ▲ 6.2%
Provisions
€136,009 ▼ 23.6%
Debt
€3.2m ▼ 21.7%
Debt's share of the balance-sheet total falls from 28.3% to 22.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€426,857▲
2024 · €212,936
Cash flow
€370,645▲
2024 · €235,029
Quick ratio
1.12▼
2024 · 1.18
Debt to equity
0.30▼
2024 · 0.40
ROE
-2.5%▼
2024 · 1.8%
Interest coverage
6.51▲
2024 · 3.25
Debt ≤ 1 year
€1.8m▼
2024 · €2.6m
Debt > 1 year
€1.4m▼
2024 · €1.4m
Supplier credit
25 days▼
2024 · 540 days
Staff costs
€7.2m▲
2024 · €6.8m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 96 | 99 | 102 | 113 | 109 |
| full-time | 44 | 48 | 53 | 53 | 55 |
| part-time | 52 | 51 | 49 | 60 | 54 |
| in full-time equivalents | 81.1 | 84.8 | 88.6 | 93.8 | 91.5 |
| Average over the year, in full-time equivalents | 83.3 | 83.4 | 84.6 | 92.4 | 93.3 |
| On a permanent contract | 85 | 82 | 79 | 77 | 81 |
| Joined | 37 | 54 | 51 | 60 | 57 |
| Left | 45 | 51 | 48 | 49 | 61 |
| Agency workers, average number | - | - | - | 0.4 | - |
| Training hours | 1,147 | 1,601 | 2,144 | 1,424 | 2,513 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €1.5m | €1.5m | €1.4m |
| Mortgages, amount registered | - | - | €1.7m | - | €1.7m |
| Mortgage mandates | €1.7m | €1.7m | €1.7m | €1.7m | - |
| Carrying value of the mortgaged assets | €977,000 | €977,000 | €4.1m | €9.9m | €10.6m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.2m | €501,563 | €3.4m | €5.8m | €1.4m |
| Intangible fixed assets | €11,815 | - | - | - | - |
| Depreciation and write-downs of the year | €158,649 | €69,164 | €67,697 | €58,020 | €642,819 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €5,299 | €5,622 | €4,862 | €5,097 | €5,299 |
| Other work by the auditor | - | €222 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 20 entries · €30.4m awarded · €29.6m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 5 | €7.9m | €8.6m |
| 2024 | 4 | €7.6m | €7.6m |
| 2023 | 5 | €7.3m | €7.2m |
| 2022 | 6 | €7.5m | €6.2m |
Schemes
Federal government
2025 · 1 entry · €36 in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FPS Justice | 1 | €36 |
Budget allocations
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €6.6m | €7.0m | €7.6m | €7.8m | €8.5m | ▲ 7.7% |
| Membership fees, donations, legacies and grants73 | - | - | - | €6.5m | €6.9m | €7.5m | €7.8m | €8.4m | ▲ 7.7% |
| Other operating income74 | - | - | - | €0.02m | €0.04m | €0.04m | €0.03m | €0.03m | ▼ 3.0% |
| Non-recurring operating income76A | - | - | - | €0.009m | €0.007m | €0.007m | €144 | - | - |
| Operating charges60/66A | - | - | - | €6.3m | €6.6m | €7.1m | €7.7m | €8.7m | ▲ 12.7% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 13.9% |
| Purchases600/8 | - | - | - | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 14.9% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.002m | €0.001m | €485 | €0.002m | -€0.001m | - |
| Services and other goods61 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | ▼ 3.3% |
| Remuneration, social security and pensions62 | - | - | - | €5.4m | €5.8m | €6.2m | €6.8m | €7.2m | ▲ 5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.05m | €0.06m | €0.2m | €0.07m | €0.07m | €0.06m | €0.6m | ▲ 11× |
| Other operating charges640/8 | - | - | - | €0.02m | €0.03m | €0.05m | €0.05m | €0.06m | ▲ 17.0% |
| Non-recurring operating charges66A | - | - | - | - | - | €400 | - | €315 | - |
| Operating profit (loss)9901 | €0.4m | €0.4m | €0.1m | €0.2m | €0.3m | €0.4m | €0.2m | -€0.2m | - |
| Financial income75/76B | - | - | - | €0.004m | €0.004m | €0.08m | €0.09m | €0.004m | ▼ 95.3% |
| Recurring financial income75 | €0.004m | €0.005m | €0.004m | €0.004m | €0.004m | €0.08m | €0.09m | €0.004m | ▼ 95.3% |
| Income from current assets751 | - | - | - | €0.004m | €41 | €0.06m | €0.09m | €0.004m | ▼ 95.3% |
| Other financial income752/9 | - | - | - | €0 | €0.003m | €0.02m | €1 | - | - |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.04m | €0.06m | €0.06m | ▼ 7.2% |
| Recurring financial charges65 | €0.001m | €0.003m | €0.005m | €0.02m | €0.02m | €0.04m | €0.06m | €0.06m | ▼ 7.2% |
| Debt charges650 | - | - | €0.005m | €0.01m | - | €0.04m | €0.07m | €0.07m | ▲ 0.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €0.007m | €0.02m | -€0.006m | -€0.002m | -€0.007m | ▼ 235% |
| Other financial charges652/9 | - | - | - | €0.004m | €0.005m | €0.004m | €0.002m | €0.002m | ▲ 14.3% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.5m | €0.1m | €0.2m | €0.3m | €0.5m | €0.2m | -€0.3m | - |
| Income taxes67/77 | - | - | €0.001m | €0.001m | €0.001m | €0 | - | - | - |
| Taxes670/3 | - | - | - | €0.001m | €0.001m | €0 | - | - | - |
| Profit (loss) for the period9904 | €0.4m | €0.5m | €0.1m | €0.2m | €0.3m | €0.5m | €0.2m | -€0.3m | - |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.5m | €0.1m | €0.2m | €0.3m | €0.5m | €0.2m | -€0.3m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.1m | €5.5m | €5.8m | €6.4m | €7.3m | €11.4m | €14.3m | €14.0m | ▼ 2.0% |
| Formation expenses20 | - | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.5m | €0.5m | €0.7m | €1.7m | €2.2m | €5.5m | €11.2m | €12.0m | ▲ 6.7% |
| Intangible fixed assets21 | €0.002m | €0 | €0 | €0.008m | €0.004m | €1 | €1 | €1 | = |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.7m | €1.7m | €2.2m | €5.5m | €11.2m | €12.0m | ▲ 6.7% |
| Land and buildings22 | - | - | - | €1.3m | €1.3m | €1.3m | €1.3m | €9.6m | ▲ 637% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | €0.05m | €0.06m | €0.04m | €2.4m | ▲ 53× |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.006m | €0.01m | €0.05m | ▲ 334% |
| Other tangible fixed assets26 | - | - | - | €0.002m | €438 | €0.003m | €0.002m | €0.003m | ▲ 62.5% |
| Assets under construction and advance payments27 | - | - | - | €0.3m | €0.8m | €4.1m | €9.9m | - | - |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | ▲ 0.4% |
| Other financial fixed assets284/8 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | ▲ 0.4% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | ▲ 0.4% |
| Current assets29/58 | €4.7m | €5.0m | €5.1m | €4.6m | €5.1m | €5.9m | €3.1m | €2.0m | ▼ 34.0% |
| Amounts receivable after more than one year29 | - | - | - | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 19.2% |
| Other amounts receivable291 | - | - | - | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 19.2% |
| Stocks and contracts in progress3 | €0.003m | €0.002m | €0.007m | €0.006m | €0.006m | €0.002m | €0.001m | €0.001m | ▲ 13.3% |
| Stocks30/36 | - | - | - | €0.006m | €0.006m | €0.002m | €0.001m | €0.001m | ▲ 13.3% |
| Raw materials and consumables30/31 | - | - | - | €0.006m | €0.006m | €0.002m | €0.001m | €0.001m | ▲ 13.3% |
| Amounts receivable within one year40/41 | €0.6m | €0.6m | €0.6m | €0.6m | €1.0m | €1.3m | €1.2m | €1.1m | ▼ 9.3% |
| Trade receivables40 | - | - | - | €0.003m | €0 | €0.01m | €0 | €69 | ▲ 177× |
| Other amounts receivable41 | - | - | - | €0.6m | €1.0m | €1.2m | €1.2m | €1.1m | ▼ 9.3% |
| Current investments50/53 | €0.9m | €0.9m | €0.9m | €0.9m | €2.3m | €3.6m | €1.2m | €0.3m | ▼ 78.3% |
| Cash at bank and in hand54/58 | €3.0m | €3.4m | €3.5m | €2.9m | €1.6m | €0.9m | €0.6m | €0.6m | ▲ 5.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.006m | €0.04m | €0.03m | €0.01m | ▼ 69.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.1m | €5.5m | €5.8m | €6.4m | €7.3m | €11.4m | €14.3m | €14.0m | ▼ 2.0% |
| Equity10/15 | €4.0m | €4.5m | €4.6m | €4.8m | €5.5m | €7.4m | €10.1m | €10.7m | ▲ 6.2% |
| Contributions10/11 | - | - | - | - | €0.6m | €0.6m | €0.8m | €0.8m | = |
| Capital10 | - | - | - | - | €0.6m | €0.6m | €0.8m | €0.8m | = |
| Reserves13 | - | - | - | €2.5m | €2.5m | €2.5m | €0.4m | €0.1m | ▼ 65.1% |
| Profit (loss) carried forward14 | €0.9m | €1.3m | €1.4m | €1.7m | €2.0m | €2.4m | €4.8m | €4.7m | ▼ 0.7% |
| Investment grants15 | - | - | - | €0.03m | €0.3m | €1.8m | €4.1m | €5.0m | ▲ 21.8% |
| Provisions and deferred taxes16 | €0.2m | €0.1m | €0.08m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 23.6% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 23.6% |
| Pensions and similar obligations160 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 11.1% |
| Other liabilities and charges164/5 | - | - | - | - | €0.03m | €0.03m | €0.03m | - | - |
| Amounts payable17/49 | €0.9m | €0.9m | €1.1m | €1.3m | €1.6m | €3.8m | €4.0m | €3.2m | ▼ 21.7% |
| Amounts payable after more than one year17 | - | - | - | - | - | €1.5m | €1.4m | €1.4m | ▼ 4.5% |
| Financial debts170/4 | - | - | - | - | - | €1.5m | €1.4m | €1.4m | ▼ 4.5% |
| Credit institutions173 | - | - | - | - | - | €1.5m | €1.4m | €1.4m | ▼ 4.5% |
| Amounts payable within one year42/48 | €0.9m | €0.9m | €1.1m | €1.3m | €1.6m | €2.3m | €2.6m | €1.8m | ▼ 30.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.01m | €0.06m | €0.06m | = |
| Financial debts43 | - | - | - | - | - | - | - | €0.3m | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €0.3m | - |
| Trade debts44 | €0.04m | €0.02m | €0.02m | €0.1m | €0.3m | €0.9m | €1.1m | €0.05m | ▼ 95.3% |
| Suppliers440/4 | - | - | - | €0.1m | €0.3m | €0.9m | €1.1m | €0.05m | ▼ 95.3% |
| Taxes, remuneration and social security45 | - | - | - | €1.2m | €1.3m | €1.4m | €1.4m | €1.4m | ▲ 0.6% |
| Taxes450/3 | - | - | - | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 13.4% |
| Remuneration and social security454/9 | - | - | - | €1.1m | €1.2m | €1.2m | €1.3m | €1.3m | ▲ 2.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.005m | €0.02m | €0.03m | €0.004m | ▼ 84.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.5m | €0.1m | €0.2m | €0.3m | €0.5m | €0.2m | -€0.3m | - |
| + Depreciation and write-downs630 | €0.05m | €0.05m | €0.06m | €0.2m | €0.07m | €0.07m | €0.06m | €0.6m | ▲ 11× |
| Operating cash flow (approximation) | €0.4m | €0.5m | €0.2m | €0.4m | €0.4m | €0.5m | €0.2m | €0.4m | ▲ 57.7% |
| Investment in fixed assets (approximation) | - | -€0.07m | -€0.3m | -€1.2m | -€0.5m | -€3.4m | -€5.8m | -€1.4m | ▲ 75.9% |
| Change in cash | - | €0.4m | €0.2m | -€0.6m | -€1.2m | -€0.8m | -€0.3m | €0.03m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 830 companies had the same profile as Arcade has now. Two years later, 96.5% were still going and 0.6% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
96.5%
was still going
2.9%
stopped otherwise
0.6%
went bankrupt
That fits the bankruptcy probability of Arcade itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 830 companies, not a prediction for Arcade. 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.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-07-2026 | 2026-00291874 | |
| 31-12-2024 | abbreviated format | 14-07-2025 | 2025-00282552 | |
| 31-12-2023 | abbreviated format | 26-07-2024 | 2024-00324764 | |
| 31-12-2022 | abbreviated format | 24-05-2023 | 2023-00095610 | |
| 31-12-2021 | abbreviated format | 22-06-2022 | 2022-20095421 | |
| 31-12-2020 | abbreviated format | 05-07-2021 | 2021-31300187 | |
| 31-12-2019 | abbreviated format | 22-06-2020 | 2020-19400269 | |
| 31-12-2018 | abbreviated format | 20-05-2019 | 2019-13700424 | |
| 31-12-2017 | abbreviated format | 15-05-2018 | 2018-12900313 | |
| 31-12-2016 | abbreviated format | 04-05-2017 | 2017-11300582 |
Board & ownership
Directors
Directors
6 directors, last change in 2026
Board 6
VANSEVENANT Tim
Current
Chair · in office according to the deed of 11-07-2023 · Director · since 16-05-2023 · listed in the 2023 annual accounts, filed on 26-07-2024
ROSSEEL Luc
Current
Chair · appointed by deed of 12-06-2025 · Director · appointed by deed of 02-01-2025 · one-year term from 2026 · also on the board of 2 other companies
ALGOET Inge
Current
Vice-chair · in office according to the deed of 12-06-2025 · Director · since 16-05-2023 · listed in the 2023 annual accounts, filed on 26-07-2024
Current
DEVOOGHT Geert
Current
Director · appointed by deed of 02-01-2025 · 3-year term from 2024
MEEUS Peter
Current
Director · appointed by deed of 02-01-2025 · 3-year term from 2024
Statutory auditor 1
Vandelanotte Bedrijfsrevisoren
Current
Statutory auditor · appointed by deed of 11-07-2023 · 3-year term from 2026 · permanent representative: Francis Rysman
Owners and capital
Owners
This non-profit association has no shareholders or capital.
Mandate history
10 people, 7 in office
- Board
- Statutory auditor
- Other function
- mandate already running before its first mention
- end not dated
| Name | Functions and periods |
|---|---|
| ALGOET Inge |
|
| DERLUYN Irene |
|
| VANSEVENANT Tim |
|
| DEVOOGHT Geert |
|
| MEEUS Peter |
|
| ROSSEEL Luc |
|
| Vandelanotte Bedrijfsrevisoren |
|
| SNAUWAERT Christine |
|
| CAUTEREELS Kathleen |
|
| MICHIELS Jean-Pierre |
|
Articles of association
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Minstens twee/derden van de leden aanwezig of vertegenwoordigd, in de vzw's die één of meer commissarissen moeten aanstellen, wordt het…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Benoemt de Algemene vergadering één of twee vereffenaar(s), waarvan zij de opdracht omschrijft”
Articles of association, deed of 12-06-2025 (in Dutch)
Network & group
Board mandates elsewhere
1 board mandateBoard mandates of ArcadeArcade sits on their board1
Parent company per the LEI register
Parent company:
none declared
Own declaration in the LEI register: 967600BIDRV3FWJU4O86 · LEI lapsed
Companies at the same address
1 other companyConnections & network
2 connected companies, 5 earlier tiesThis company
Company
Director
Shareholding
+N: links not shown yet
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Linked via shared directors
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Earlier ties
GTB - gespecialiseerd team bemiddeling
via ROSSEEL Luc (no longer at GTB - gespecialiseerd team bemiddeling) · Permanent representative and director · deed of 12-02-2014
Founded in 2007 · 522 FTE (2025)
→
OPEN REAL ESTATE INFORMATION SERVICES AFGEKORT ORIS
via ROSSEEL Luc (no longer at OPEN REAL ESTATE INFORMATION SERVICES AFGEKORT ORIS) · Director · deed of 07-02-2019
Founded in 2004 · 19 FTE (2025)
→
Workitects
via ROSSEEL Luc (no longer at Workitects) · Director · deed of 15-07-2021
Founded in 2009 · 2 FTE (2025)
→
Federatie van Maatwerkbedrijven 4WERK vzw
via ROSSEEL Luc (no longer at Federatie van Maatwerkbedrijven 4WERK vzw) · Director
Founded in 2013 · total assets €267,298 (2025)
→
Show 1 more earlier tie
→
Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
14-08
Gazette deed
1 statutory auditor appointed, 1 director resigning, 1 director reappointedResignation: SNAUWAERT Christine (director) · Reappointment: ROSSEEL Luc (chair) · Appointment: Vandelanotte Bedrijfsrevisoren (statutory auditor)9 points ▸
Gazette deed
1 statutory auditor appointed, 1 director resigning, 1 director reappointed
Resignation: SNAUWAERT Christine (director) · Reappointment: ROSSEEL Luc (chair) · Appointment: Vandelanotte Bedrijfsrevisoren (statutory auditor)9 points ▸
- Director resignation, SNAUWAERT Christine
- Board composition, ALGOET Inge (director)
- Board composition, DERLUYN Irene (director)
- Board composition, DEVOOGHT Geert (director)
- Board composition, MEEUS Peter (director)
- Board composition, ROSSEEL Luc (director)
- Board composition, VANSEVENANT Tim (director)
- Director reappointment, ROSSEEL Luc (chair)
- Auditor appointment, Vandelanotte Bedrijfsrevisoren
09-07
abbreviated format · 22 days before the deadline
2025
31-12
Financial
Weakest financial yearnet -€272,175
The net result drops to -€272,175, the lowest from 2018 to 2025.
14-07
abbreviated format · 17 days before the deadline
12-06
Gazette deed
1 director appointed, 2 directors reappointedAppointment: Luc ROSSEEL (chair) · Reappointments: Inge ALGOET (vice-chair) and Christine SNAUWAERT (secretary)4 points ▸
Gazette deed
1 director appointed, 2 directors reappointed
Appointment: Luc ROSSEEL (chair) · Reappointments: Inge ALGOET (vice-chair) and Christine SNAUWAERT (secretary)4 points ▸
- Registered-office move, Callaertswalledreef 18 te Gistel
- Director appointment, Luc ROSSEEL (chair)
- Director reappointment, Inge ALGOET (vice-chair)
- Director reappointment, Christine SNAUWAERT (secretary)
02-01
Gazette deed
Appointments: DEVOOGHT Geert, MEEUS Peter and ROSSEEL Luc11 points ▸
Gazette deed
Appointments: DEVOOGHT Geert, MEEUS Peter and ROSSEEL Luc
11 points ▸
- General meeting, 17-06-2024
- Director appointment, DEVOOGHT Geert
- Director appointment, MEEUS Peter
- Director appointment, ROSSEEL Luc
- Board composition, ALGOET Inge (director)
- Board composition, DERLUYN Irene (director)
- Board composition, DEVOOGHT Geert (director)
- Board composition, MEEUS Peter (director)
- Board composition, ROSSEEL Luc (director)
- Board composition, SNAUWAERT Christine (director)
- Board composition, VANSEVENANT Tim (director)
2024
31-12
Financial
Equity above €10mequity €10.1m ▲36%
With a profit in every financial year since 2018, equity grows to €10.1m.
26-07
abbreviated format · 5 days before the deadline
2023
31-12
Financial
Highest result from 2018 to 2025net €465,933 ▲50%
The net result of €465,933 is the highest of those years.
11-07
Gazette deed
1 statutory auditor appointed, 2 directors resigning, 6 directors reappointedReappointments: ALGOET Inge, DERLUYN Irene and 4 others · Resignations: CAUTEREELS Kathleen (director) and MICHIELS Jean-Pierre (director) · Appointment: Vandelanotte Bedrijfsrevisoren (statutory auditor)12 points ▸
Gazette deed
1 statutory auditor appointed, 2 directors resigning, 6 directors reappointed
Reappointments: ALGOET Inge, DERLUYN Irene and 4 others · Resignations: CAUTEREELS Kathleen (director) and MICHIELS Jean-Pierre (director) · Appointment: Vandelanotte Bedrijfsrevisoren (statutory auditor)12 points ▸
- Director reappointment, ALGOET Inge
- Director reappointment, DERLUYN Irene
- Director reappointment, SNAUWAERT Christine
- Director reappointment, VANSEVENANT Tim
- Director reappointment, CAUTEREELS Kathleen
- Director reappointment, MICHIELS Jean-Pierre
- Director resignation, CAUTEREELS Kathleen
- Director resignation, MICHIELS Jean-Pierre
- Board composition, ALGOET Inge (director)
- Board composition, DERLUYN Irene (director)
- Board composition, SNAUWAERT Christine (director)
- Board composition, VANSEVENANT Tim (director)
- The deed holds 5 more points.
24-05
abbreviated format · 68 days before the deadline
2022
31-12
Financial
Equity above €5mequity €5.5m ▲13%
With a profit in every financial year since 2018, equity grows to €5.5m.
Show earlier events
22-06
abbreviated format · 39 days before the deadline
2021
05-07
abbreviated format · 26 days before the deadline
2020
22-06
abbreviated format · 39 days before the deadline
2019
20-05
abbreviated format · 72 days before the deadline
2018
15-05
abbreviated format · 77 days before the deadline
2017
04-05
abbreviated format · 88 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Arcade in Dutch
Enterprise number
0415.028.752
LEI code
967600BIDRV3FWJU4O86
no longer live in the LEI register
Legal form
Non-profit association
Status
Active, normal situation
Founded
26-02-1975
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-06-2025 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest”
deed of 12-06-2025 (in Dutch)Registered office and establishments
Registered office
Callaertswalledreef 18, 8470 Gistel, Belgium
Establishment units
Arcade, Callaertswalledreef 18, 8470 Gistel since 03-01-2006 · unit number 2.150.770.013
Bamboe-Lotus, Tempeldreef 8, 8470 Gistel since 16-03-2006 · unit number 2.152.255.893
TCK Lithops, Plantenstraat 34, 8400 Ostend since 16-03-2006 · unit number 2.152.255.992
Contextbegeleiding Arcade, Leffingestraat 289, 8400 Ostend since 16-03-2006 · unit number 2.152.256.091
Website
www.arcadevzw.be
E-mail
info@arcadevzw.be
Phone
059/27.09.00
Fax
059/27.09.18
E-mail
tcklithops@arcadevzw.be establishment in Oostende
Phone
059/80.82.48 establishment in Oostende
Fax
059/80.82.48 establishment in Oostende
Phone
059/80.09.96 establishment in Oostende
Fax
059/80.09.94 establishment in Oostende
Activities
NACEBEL 202587991
Residential care activities main activity
Codes under NACEBEL 2008
87901
Residential care activities main activity
Codes under NACEBEL 2003
85313
main activity
Joint committee
319.01 Educational and residential institutions annual accounts 2024
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 12-06-2025 (in Dutch)
“Arcade is een organisatie voor bijzondere jeugdzorg. Arcade biedt kwalitatieve vraaggerichte hulp en ondersteuning aan kinderen, jongeren…”
4 activities
- Arcade is een organisatie voor bijzondere jeugdzorg. Arcade biedt kwalitatieve vraaggerichte hulp en ondersteuning aan kinderen, jongeren, hun gezin en ruimere context naar aanleiding van een verontrustende leefsituatie. Deze hulpverlening situeert zich binnen de bijzondere jeugdzorg en de integrale jeugdhulp.
- Vanuit de maatschappelijke opdracht en de specifieke mensvisie van de vereniging wordt hulp verleend aan alle gezinnen, zonder onderscheid op politiek, filosofisch, godsdienstig of maatschappelijk vlak.
- De vereniging mag alle rechtshandelingen stellen die nodig of nuttig zijn voor het verwezenlijken van haar maatschappelijk doel. Zij mag hiertoe alle roerende of onroerende goederen verwerven of bezitten in eigendom of anderszins, en deze goederen gebruiken, beheren of ten dienste stellen.
- Daarnaast kan de vzw alle activiteiten ontplooien die rechtstreeks of onrechtstreeks bijdragen tot de verwezenlijking van haar doel, met inbegrip van bijkomstige commerciële en winstgevende activiteiten waarvan de opbrengsten altijd volledig zullen worden bestemd voor de verwezenlijking van haar doel.
Invoicing and payment
VAT number
BE 0415.028.752
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Food safety, FASFC
3 sitesGistelunit number 2.150.770.013
Gistelunit number 2.152.255.893
Ostendunit number 2.152.256.091
Care and welfare
4 services · 1 liveARCADE
DE LOODS
THUISBEGELEIDING 'T VEER
WEID' EN WILGEN
Dual-learning approval
2 live approvals · 4 endedOnderhoudsmedewerker (vwo)
Onderhoudsmedewerker duaal (so)
Show 4 ended approvals
Onderhoudsmedewerker (vwo)
Onderhoudsmedewerker duaal (so)
Polyvalent onderhoudswerker gebouwen (so)
Polyvalent onderhoudswerker gebouwen (so)
Environmental permits
2 applications in Flanders since 2020 · 2 granted
Hoogstammige bomen vellen die geen deel uitmaken van een bos
Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verwijderen van vrijstaande gebouwen
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the addresses
Ground area
1.2 ha
Building footprint
972 m²
Building volume
5,023 m³
Tallest building: 14.8 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35005B0857/00C000 | Flanders | 8,576 m² | 1 · 180 m² | 12.0 m |
| 35005B0143/00A003 | Flanders | 2,489 m² | 1 · 611 m² | 8.3 m · 2 |
| 35383C0313/00N005 | Flanders | 630 m² | 1 · 121 m² | 14.8 m · 4 |
| 35384A0177/12K004 | Flanders | 389 m² | 1 · 59 m² | 11.2 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.