Equity
€32,573 from €117,684 in 2023
Equity fell by 72% in 2 years.
ARCADE
Lifetime
5 annual accounts with figures on one time axispeak €109,157 (2025)
€109,157▲ 66.0%
peak €81,358 (2025)
€81,358▲ 67.6%
peak €117,684 (2023)
€32,573▼ 50.8%
€135,239▲ 20.4%
Board2 names since 2020
2 directorsVAN de CALSEYDE Arnaud Jacques Patrick and 1 other
Documentsfilings and deeds
05-01-202626 days before the deadline
2025micro format
Gross margin from €65,741 to €109,157Result from €48,531 to €81,358Dividend €115,000Equity from €66,215 to €32,573Debts from €112,283 to €135,239Investments €9,881
Key points
from the 2025 annual accountsTurnover
≈ €190,000 estimated
The micro format states no turnover.
Debts
€135,239 81% of the balance sheet
Suppliers 0%Taxes and wages 14%Other 86%
Investments
€9,881 3.3 × depreciation
Green is investment, beige is depreciation.
Filings
5 annual accounts since 2021
The last five annual accounts were filed 11 to 34 days before the end of the period.
Position in the sector
€81,358
Higher net result than 80% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Checked score
93
Excellent
Financially stronger than 42% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
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 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
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 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: 0.1%▲ +0.1 percentage points vs 09-2026highest value
11-2026: < 0.1%▼ -0.1 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 1.16, cash €80,157
Size: total assets €167,812
Figures for financial year 2025 (filed on 05-01-2026)
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 70, micro). It does better than 23% of them on solvency, 46% on liquidity, 84% on profitability and 12% 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 30-06-2025.
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).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as ARCADE has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ARCADE itself is lower: < 0.1% within 12 months. It rests on far more data about ARCADE than the profile alone.
Test of the method
The method was tested on the 497,447 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 6,713 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.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.16 (1.55 in 2024), below the usual 1.5. Short-term debt is 80.6% and cash 47.8% of total assets. 80.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 39368 sector peers (2025).
NBB · sector comparisonPosition among 39368 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
26 days early
2024
11 days early
2023
33 days early
2022
34 days early
2021
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 27 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Board and ownership
- VAN DE CALSEYDE Arnaud Jacques Patrick founderdeed of 09-06-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0747914639
Appointment: Van Oudenhove Anne Paule S (director)
Gazette deed
Incorporation
Founding capital of €3,000 · Founder: VAN DE CALSEYDE Arnaud Jacques Patrick · Appointment: VAN DE CALSEYDE Arnaud Jacques Patrick (director) · published on 09-06-2020 · Gazette deed
First establishment
Afrikalaan 289, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARCADE Ghent | €167,812 | €109,157 | 19.4% | - |
| Thomas Couckuyt Ghent | €180,744 | €103,138 | 51.3% | - |
| Advanced Energy Technologies 2 Ghent | €186,198 | €102,025 | 89.9% | - |
| QP-CARE Ghent | €201,808 | €96,696 | 95.2% | - |
| UPVEST Ghent | €168,309 | €112,559 | 31.3% | - |
| CV MedNet Sint-Martens-Latem | €183,696 | €109,650 | 73.3% | - |
| Van Ongeval Consulting Ninove | €182,998 | €110,642 | 31.6% | - |
These companies have the same main activity as ARCADE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €168,000 and €202,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 05-06-2020Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.303.309.9369000 Ghent, since 05-06-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 03-06-2026
Annual accounts to 30-06-2025
- €167,812▼ 6.0%
- Filing
- Filed on 05-01-2026, 26 days before the end of the filing period
Insights on ARCADE
ARCADE files the micro format. That format states no turnover. The gross margin rose from €56,619 in 2021 to €109,157 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARCADE
- What is the company number of ARCADE?
- The company number of ARCADE is 0747.914.639. The VAT number is the same number with BE in front: BE 0747.914.639.
- Where is ARCADE based?
- The registered office is at Afrikalaan 289, 9000 Ghent.Company details
- What does ARCADE do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of ARCADE?
- ARCADE is a private limited company (BV).
- When was ARCADE founded?
- ARCADE was founded on 05-06-2020.
- Is ARCADE still active?
- Yes, ARCADE is an active enterprise in the KBO register.
- What is the turnover of ARCADE?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €109,157 and 109 comparable companies (NACE 70200). It probably lies between €160,000 and €220,000.Financials
- Is ARCADE profitable?
- In financial year 2025, ARCADE made a profit of €81,358.
- Where can I find the annual accounts of ARCADE?
- ARCADE filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARCADE due?
- ARCADE must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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