Summary
ARCADE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2.1m and a net result of €372,092. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 21% of 2789 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
33 d early
2022
31 d early
2021
31 d early
2020
40 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#2 company by total assets in Visé, Finance and insurance sector#3 company by equity in Visé, Finance and insurance sector#9 oldest company in Visé, Finance and insurance sector
Equity
€2.1m▼ 7.1%
2023 · €2.3m
Net result
€372,092
2023 · -€262,537
Total assets
€9.9m▲ 2.7%
2023 · €9.7m
Solvency
21.6%▼ 2.3pp
2023 · 23.8%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€643,925▼ 5.7%€1.0m▲ 63.1%€877,628▼ 16.4%€814,922▼ 7.1%€756,861▼ 7.1%
Operating result€267,128▲ 219%€306,348▲ 14.7%€4,149▼ 98.6%€98,617▲ 2,277%-€19,426
Net result€1.1m▲ 269%€833,023▼ 23.5%€561,288▼ 32.6%-€262,537€372,092
Equity€2.1m▲ 26.1%€3.0m▲ 45.3%€3.0m▲ 1.5%€2.3m▼ 24.0%€2.1m▼ 7.1%
Total assets€9.6m▲ 8.8%€11.0m▲ 14.0%€10.8m▼ 2.0%€9.7m▼ 10.1%€9.9m▲ 2.7%
Debt€7.6m▲ 4.8%€8.0m▲ 5.5%€7.7m▼ 3.3%€7.4m▼ 4.7%€7.8m▲ 5.8%
Working capital-€4.6m▼ 6.7%-€5.8m▼ 25.2%-€5.7m▲ 1.8%-€5.2m▲ 8.1%-€6.0m▼ 14.6%
Solvency21.4%▲ 2.9pp27.2%▲ 5.9pp28.2%▲ 1.0pp23.8%▼ 4.3pp21.6%▼ 2.3pp
Staff (FTE)32.2▼ 26.7%2.2=2.1▼ 4.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €19,426 after €98,617 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.9m
Fixed assets
€9.8m ▲ 4.0%
Current assets
€158,461 ▼ 42.3%
Equity and liabilities €9.9m
Equity
€2.1m ▼ 7.1%
Debt
€7.8m ▲ 5.8%
Debt's share of the balance-sheet total rises from 76.2% to 78.4%. Equity is lower and debt is higher.
Key figures and ratios
ROE
17.4%▲
2023 · -11.4%
ROA
3.7%▲
2023 · -2.7%
Debt ≤ 1 year
€6.2m▲
2023 · €5.5m
Debt > 1 year
€1.6m▼
2023 · €1.9m
Income taxes
€3,475▲
2023 · -€890
Staff costs
€152,246▼
2023 · €155,463
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.2m | €1.1m | €930,734 | €846,484 | ▼ 9.1% |
| Turnover70 | €643,925 | €1.0m | €877,628 | €814,922 | €756,861 | ▼ 7.1% |
| Other operating income74 | - | €118,617 | €195,569 | €92,510 | €89,623 | ▼ 3.1% |
| Non-recurring operating income76A | - | €15,249 | - | €23,303 | - | - |
| Operating charges60/66A | - | €877,442 | €1.1m | €832,118 | €865,911 | ▲ 4.1% |
| Goods for resale, raw materials and consumables60 | - | €163,442 | €95,139 | €101,889 | €100,361 | ▼ 1.5% |
| Purchases600/8 | - | €163,442 | €95,139 | €101,889 | €100,361 | ▼ 1.5% |
| Services and other goods61 | - | €394,812 | €623,538 | €453,646 | €483,253 | ▲ 6.5% |
| Remuneration, social security and pensions62 | - | €162,025 | €176,438 | €155,463 | €152,246 | ▼ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89,607 | €131,910 | €132,953 | €107,986 | €117,374 | ▲ 8.7% |
| Other operating charges640/8 | - | €24,344 | €9,815 | €11,682 | €11,021 | ▼ 5.7% |
| Non-recurring operating charges66A | - | €909 | €31,165 | €1,453 | €1,656 | ▲ 14.0% |
| Gross operating margin9900 | €379,184 | - | - | - | - | - |
| Operating profit (loss)9901 | €267,128 | €306,348 | €4,149 | €98,617 | -€19,426 | ▼ 120% |
| Financial income75/76B | - | €850,119 | €678,950 | €850,093 | €500,001 | ▼ 41.2% |
| Recurring financial income75 | €922,500 | €850,119 | €678,950 | €850,093 | €500,001 | ▼ 41.2% |
| Income from financial fixed assets750 | - | €850,119 | €678,950 | €850,089 | €500,001 | ▼ 41.2% |
| Other financial income752/9 | - | - | - | €4 | - | - |
| Financial charges65/66B | - | €290,579 | €114,163 | €1.2m | €105,008 | ▼ 91.3% |
| Recurring financial charges65 | €100,516 | €290,579 | €114,163 | €123,245 | €105,008 | ▼ 14.8% |
| Debt charges650 | - | €106,187 | €97,387 | €101,785 | €102,153 | ▲ 0.4% |
| Other financial charges652/9 | - | €184,392 | €16,776 | €21,460 | €2,855 | ▼ 86.7% |
| Non-recurring financial charges66B | - | - | - | €1.1m | - | - |
| Profit (loss) for the period before taxes9903 | €1.1m | €865,888 | €568,935 | -€263,427 | €375,567 | ▲ 243% |
| Income taxes67/77 | €886 | €32,865 | €7,647 | -€890 | €3,475 | ▲ 491% |
| Taxes670/3 | - | €40,000 | €26,894 | €2,557 | €21,213 | ▲ 729% |
| Tax adjustments and reversals of tax provisions77 | - | €7,135 | €19,247 | €3,447 | €17,738 | ▲ 415% |
| Profit (loss) for the period9904 | €1.1m | €833,023 | €561,288 | -€262,537 | €372,092 | ▲ 242% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €833,023 | €561,288 | -€262,537 | €372,092 | ▲ 242% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.6m | €11.0m | €10.8m | €9.7m | €9.9m | ▲ 2.7% |
| Formation expenses20 | €26,385 | €23,454 | €20,522 | €17,590 | €14,659 | ▼ 16.7% |
| Fixed assets21/28 | €8.6m | €10.7m | €10.6m | €9.4m | €9.8m | ▲ 4.0% |
| Tangible fixed assets22/27 | €893,892 | €1.5m | €1.4m | €1.3m | €1.7m | ▲ 29.7% |
| Land and buildings22 | - | €1.3m | €1.2m | €1.1m | €1.5m | ▲ 35.1% |
| Plant, machinery and equipment23 | - | €0 | €2,250 | €5,367 | €1,192 | ▼ 77.8% |
| Furniture and vehicles24 | - | €16,536 | €14,201 | €9,238 | €23,437 | ▲ 154% |
| Leasing and similar rights25 | - | €106,597 | €12,860 | €17,441 | €4,080 | ▼ 76.6% |
| Other tangible fixed assets26 | - | €142,689 | €124,853 | €107,017 | €89,181 | ▼ 16.7% |
| Financial fixed assets28 | €7.7m | €9.2m | €9.2m | €8.1m | €8.1m | = |
| Affiliated companies280/1 | - | €9.2m | €9.2m | €8.1m | €8.1m | = |
| Participating interests280 | - | €9.2m | €9.2m | €8.1m | €8.1m | = |
| Current assets29/58 | €1.0m | €205,782 | €180,638 | €274,759 | €158,461 | ▼ 42.3% |
| Amounts receivable within one year40/41 | €254,824 | €171,937 | €142,813 | €193,717 | €118,103 | ▼ 39.0% |
| Trade receivables40 | - | €96,908 | €107,232 | €133,257 | €81,706 | ▼ 38.7% |
| Other amounts receivable41 | - | €75,030 | €35,581 | €60,460 | €36,397 | ▼ 39.8% |
| Cash at bank and in hand54/58 | €16,418 | €32,703 | €36,246 | €80,044 | €39,480 | ▼ 50.7% |
| Deferred charges and accrued income490/1 | - | €1,142 | €1,580 | €998 | €879 | ▼ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.6m | €11.0m | €10.8m | €9.7m | €9.9m | ▲ 2.7% |
| Equity10/15 | €2.1m | €3.0m | €3.0m | €2.3m | €2.1m | ▼ 7.1% |
| Contributions10/11 | €1.1m | €1.2m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | - | €1.2m | €1.1m | €1.1m | €1.1m | = |
| Issued capital100 | - | €1.3m | €1.2m | €1.2m | €1.2m | = |
| Uncalled capital101 | - | €140,625 | €140,625 | €140,625 | €140,625 | = |
| Reserves13 | €125,000 | €161,200 | €154,304 | €154,304 | €154,304 | = |
| Non-distributable reserves130/1 | - | €131,200 | €124,304 | €124,304 | €124,304 | = |
| Legal reserve130 | - | €131,200 | €124,304 | €124,304 | €124,304 | = |
| Tax-exempt reserves132 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €822,176 | €1.7m | €1.8m | €1.0m | €885,112 | ▼ 15.7% |
| Amounts payable17/49 | €7.6m | €8.0m | €7.7m | €7.4m | €7.8m | ▲ 5.8% |
| Amounts payable after more than one year17 | €1.9m | €2.0m | €1.8m | €1.9m | €1.6m | ▼ 12.0% |
| Financial debts170/4 | - | €2.0m | €1.8m | €1.9m | €1.6m | ▼ 12.0% |
| Credit institutions173 | - | €2.0m | €1.8m | €1.9m | €1.6m | ▼ 12.0% |
| Amounts payable within one year42/48 | €5.7m | €6.0m | €5.9m | €5.5m | €6.2m | ▲ 11.7% |
| Current portion of amounts payable after more than one year42 | - | €523,741 | €511,851 | €242,161 | €277,149 | ▲ 14.4% |
| Financial debts43 | - | €500,000 | - | - | - | - |
| Credit institutions430/8 | - | €500,000 | - | - | - | - |
| Trade debts44 | €224,893 | €85,382 | €141,409 | €90,875 | €67,605 | ▼ 25.6% |
| Suppliers440/4 | - | €85,382 | €141,409 | €90,875 | €67,605 | ▼ 25.6% |
| Taxes, remuneration and social security45 | - | €20,773 | €21,945 | €21,307 | €19,554 | ▼ 8.2% |
| Taxes450/3 | - | €886 | €0 | €2,557 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €19,887 | €21,945 | €18,749 | €19,554 | ▲ 4.3% |
| Other amounts payable47/48 | - | €4.9m | €5.2m | €5.2m | €5.8m | ▲ 12.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €833,023 | €561,288 | -€262,537 | €372,092 | ▲ 242% |
| + Depreciation and write-downs630 | €89,607 | €131,910 | €132,953 | €107,986 | €117,374 | ▲ 8.7% |
| Operating cash flow (approximation) | €1.2m | €964,933 | €694,242 | -€154,552 | €489,465 | ▲ 417% |
| Investment in fixed assets (approximation) | - | -€2.3m | €55,212 | €1.1m | -€496,258 | ▼ 146% |
| Change in cash | - | €16,285 | €3,543 | €43,798 | -€40,564 | ▼ 193% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €372,092
Net result €372,092 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€262,537
Net result drops to -€262,537, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €1.1m ▲269%
Net result €1.1m, the highest in the series.
31-12
Financial
Equity above €2mEq €2.1m ▲26.1%
3 profitable years in a row build equity to €2.1m.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Visé · 1 establishment unit since 2008
Ground area
406 m²
Building footprint
358 m²
Volume, LiDAR
3,638 m³
Parcel 62108C0751/02Y002, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ARCADE
since 20082.168.509.927
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62108C0751/02Y002 | Wallonia | 406 m² | 1 · 358 m² | 11.2 m · 3 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,771. 10,717 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.