ARCADEL
ActiveSummary
ARCADEL has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €343,618 and a net result of €92,933. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 47% of 144 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability84▼-13
Solvency69▼-13
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.67 in 2025; short-term debt: 55.9% and cash: 15.7% of total assets), but 56% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
44%
Return on assets
11.9%
Age of the figures
3 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 08-09-2026, 145 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
145 d early
2025
152 d early
2024
164 d early
2023
71 d early
2022
74 d early
2021
67 d early
2020
69 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 106 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-06-2027 close31-01-2028 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Equity
€343,618▼ 10.1%
2025 · €382,352
Total assets
€780,236▲ 15.7%
2025 · €674,460
Net result
€92,933▼ 39.3%
2025 · €153,120
Working capital
€243,620▲ 27.1%
2025 · €191,684
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
Line20222023202420252026
Operating result€595,199▲ 70.7%€528,356▼ 11.2%€184,187▼ 65.1%€168,588▼ 8.5%€95,542▼ 43.3%
Net result€499,660▲ 65.4%€447,908▼ 10.4%€166,252▼ 62.9%€153,120▼ 7.9%€92,933▼ 39.3%
Equity€329,071▼ 29.1%€331,979▲ 0.9%€333,231▲ 0.4%€382,352▲ 14.7%€343,618▼ 10.1%
Total assets€875,963▼ 43.2%€1.0m▲ 16.9%€741,614▼ 27.6%€674,460▼ 9.1%€780,236▲ 15.7%
Debt€546,892▼ 49.2%€692,204▲ 26.6%€408,382▼ 41.0%€292,108▼ 28.5%€436,618▲ 49.5%
Working capital€153,353▼ 53.2%€111,025▼ 27.6%€110,716▼ 0.3%€191,684▲ 73.1%€243,620▲ 27.1%
Staff (FTE)1.5▼ 31.8%1.5=1.3▼ 13.3%1▼ 23.1%1.8▲ 80.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2026 is 43% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €780,236
Fixed assets
€100,509 ▼ 48.4%
Current assets
€679,726 ▲ 41.7%
Equity and liabilities €780,236
Equity
€343,618 ▼ 10.1%
Debt
€436,618 ▲ 49.5%
Debt's share of the balance-sheet total rises from 43.3% to 56.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€151,915▼
2025 · €242,842
Cash flow
€149,306▼
2025 · €227,375
Current ratio
1.56▼
2025 · 1.67
Quick ratio
1.05▲
2025 · 1.00
Debt to equity
1.27▲
2025 · 0.76
ROE
27.0%▼
2025 · 40.0%
ROA
11.9%▼
2025 · 22.7%
Interest coverage
23.73▼
2025 · 46.64
Debt ≤ 1 year
€436,107▲
2025 · €288,147
Income taxes
€8,108▼
2025 · €19,896
Staff costs
€161,102▲
2025 · €77,887
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,300 | €6,500 | €1,690 | - | - | - |
| Remuneration, social security and pensions62 | €116,602 | €122,152 | €104,951 | €77,887 | €161,102 | ▲ 107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,349 | €66,149 | €75,973 | €74,254 | €56,373 | ▼ 24.1% |
| Other operating charges640/8 | €6,450 | €6,383 | €6,575 | €6,589 | €7,470 | ▲ 13.4% |
| Gross operating margin9900 | €770,600 | €723,040 | €371,686 | €327,319 | €320,487 | ▼ 2.1% |
| Operating profit (loss)9901 | €595,199 | €528,356 | €184,187 | €168,588 | €95,542 | ▼ 43.3% |
| Financial income75/76B | €13,013 | €14,632 | €11,689 | €9,634 | €11,900 | ▲ 23.5% |
| Recurring financial income75 | €13,013 | €14,632 | €11,689 | €9,634 | €11,900 | ▲ 23.5% |
| Financial charges65/66B | €7,744 | €6,087 | €6,014 | €5,206 | €6,402 | ▲ 23.0% |
| Recurring financial charges65 | €7,744 | €6,087 | €6,014 | €5,206 | €6,402 | ▲ 23.0% |
| Profit (loss) for the period before taxes9903 | €600,468 | €536,901 | €189,862 | €173,016 | €101,040 | ▼ 41.6% |
| Income taxes67/77 | €100,808 | €88,993 | €23,609 | €19,896 | €8,108 | ▼ 59.2% |
| Profit (loss) for the period9904 | €499,660 | €447,908 | €166,252 | €153,120 | €92,933 | ▼ 39.3% |
| Profit (loss) for the period to be appropriated9905 | €499,660 | €447,908 | €166,252 | €153,120 | €92,933 | ▼ 39.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €875,963 | €1.0m | €741,614 | €674,460 | €780,236 | ▲ 15.7% |
| Fixed assets21/28 | €309,027 | €317,082 | €259,998 | €194,629 | €100,509 | ▼ 48.4% |
| Intangible fixed assets21 | €4,560 | €4,138 | €993 | €127 | - | - |
| Tangible fixed assets22/27 | €304,467 | €312,944 | €258,756 | €194,252 | €100,259 | ▼ 48.4% |
| Land and buildings22 | €240,342 | €200,106 | €159,870 | €52,667 | - | - |
| Plant, machinery and equipment23 | €19,230 | €14,478 | €22,383 | €21,192 | €18,840 | ▼ 11.1% |
| Furniture and vehicles24 | €44,896 | €98,360 | €76,502 | €120,394 | €81,420 | ▼ 32.4% |
| Financial fixed assets28 | - | - | €250 | €250 | €250 | = |
| Current assets29/58 | €566,936 | €707,101 | €481,616 | €479,831 | €679,726 | ▲ 41.7% |
| Stocks and contracts in progress3 | €194,864 | €218,219 | €231,326 | €192,263 | €220,854 | ▲ 14.9% |
| Stocks30/36 | €194,864 | €218,219 | €231,326 | €192,263 | €220,854 | ▲ 14.9% |
| Amounts receivable within one year40/41 | €221,152 | €423,252 | €158,037 | €194,330 | €322,138 | ▲ 65.8% |
| Trade receivables40 | €120,174 | €388,602 | €79,389 | €161,762 | €309,390 | ▲ 91.3% |
| Other amounts receivable41 | €100,978 | €34,650 | €78,648 | €32,568 | €12,748 | ▼ 60.9% |
| Cash at bank and in hand54/58 | €144,950 | €56,777 | €81,742 | €83,696 | €122,558 | ▲ 46.4% |
| Deferred charges and accrued income490/1 | €5,970 | €8,852 | €10,511 | €9,542 | €14,177 | ▲ 48.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €875,963 | €1.0m | €741,614 | €674,460 | €780,236 | ▲ 15.7% |
| Equity10/15 | €329,071 | €331,979 | €333,231 | €382,352 | €343,618 | ▼ 10.1% |
| Contributions10/11 | €297,750 | €297,750 | €297,750 | €297,750 | €256,737 | ▼ 13.8% |
| Reserves13 | €31,321 | €34,229 | €35,481 | €84,602 | €86,881 | ▲ 2.7% |
| Non-distributable reserves130/1 | €29,775 | €29,775 | - | - | - | - |
| Reserves not available under the articles1311 | €29,775 | €29,775 | - | - | - | - |
| Distributable reserves133 | €1,546 | €4,454 | €35,481 | €84,602 | €86,881 | ▲ 2.7% |
| Amounts payable17/49 | €546,892 | €692,204 | €408,382 | €292,108 | €436,618 | ▲ 49.5% |
| Amounts payable after more than one year17 | €132,875 | €95,647 | €36,999 | €3,462 | - | - |
| Financial debts170/4 | €132,875 | €95,647 | €36,999 | €3,462 | - | - |
| Amounts payable within one year42/48 | €413,583 | €596,076 | €370,899 | €288,147 | €436,107 | ▲ 51.3% |
| Current portion of amounts payable after more than one year42 | €51,358 | €59,294 | €58,648 | €33,537 | €3,462 | ▼ 89.7% |
| Financial debts43 | - | €90,000 | - | - | - | - |
| Credit institutions430/8 | - | €90,000 | - | - | - | - |
| Trade debts44 | €14,579 | €51,669 | €36,969 | €14,283 | €22,388 | ▲ 56.7% |
| Suppliers440/4 | €14,579 | €51,669 | €36,969 | €14,283 | €22,388 | ▲ 56.7% |
| Advances received on contracts in progress46 | €267,977 | €267,708 | €239,545 | €197,861 | €319,416 | ▲ 61.4% |
| Taxes, remuneration and social security45 | €79,669 | €127,405 | €30,737 | €37,558 | €86,609 | ▲ 131% |
| Taxes450/3 | €57,112 | €107,646 | €25,354 | €32,658 | €74,535 | ▲ 128% |
| Remuneration and social security454/9 | €22,557 | €19,759 | €5,383 | €4,900 | €12,074 | ▲ 146% |
| Other amounts payable47/48 | - | - | €5,000 | €4,908 | €4,231 | ▼ 13.8% |
| Accrued charges and deferred income492/3 | €434 | €480 | €484 | €499 | €511 | ▲ 2.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €499,660 | €447,908 | €166,252 | €153,120 | €92,933 | ▼ 39.3% |
| + Depreciation and write-downs630 | €52,349 | €66,149 | €75,973 | €74,254 | €56,373 | ▼ 24.1% |
| Operating cash flow (approximation) | €552,009 | €514,057 | €242,225 | €227,375 | €149,306 | ▼ 34.3% |
| Investment in fixed assets (approximation) | - | -€74,204 | -€18,889 | -€8,885 | €37,747 | ▲ 525% |
| Change in cash | - | -€88,173 | €24,965 | €1,954 | €38,862 | ▲ 1,888% |
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
Next filing, fiscal year 2027, expected by
2026
08-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
30-06
Financial
Weakest financial yearnet €92,933 ▼39.3%
Net result drops to €92,933, the lowest in the series.
02-02
State Gazette act
Capital & shares · RestructuringDemerger · Incorporation · Founding capital8 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Incorporation · Founding capital8 facts ▸
- General meeting, 18-12-2025
- Demerger, partial split by incorporation, EUR
- Incorporation, 18-12-2025
- Founding capital, €52.666,7
- Real estate, 52666.7
- Net-asset statement, 30-06-2025
- Accounting effect, 01-07-2025
- Power of attorney, Opti Tax & Accountancy
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Highest result since 2019net €499,660 ▲65.4%
Operating result €595,199, net result €499,660, both a record.
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 1989
Ground area
2,411 m²
Building footprint
858 m²
Volume, LiDAR
4,931 m³
Parcel 36502B1523/00F000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARCADEL
since 19892.045.277.761
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B1523/00F000 | Flanders | 2,411 m² | 1 · 858 m² | 6.4 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- TILONE
- ARCADEL
Highest known parent: TILONE. The sources do not say who stands above it.
Owners 1
- TILONEparentSourceaccounts TILONE 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionSplit off to:Maison Jumaleo
Capital and shareholders
Capital over the years
- 02-02-2026 Incorporation · 52,666.70 EUR · 11,910 shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 6,876 EUR awarded · 6,876 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 189 EUR | 189 EUR |
| 2024 | 2 | 5,474 EUR | 5,474 EUR |
| 2023 | 1 | 1,159 EUR | 1,159 EUR |
| 2022 | 1 | 54 EUR | 54 EUR |
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Of 6,147 companies in sector 46190 we hold annual accounts for 2,570. 1,695 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-10-1989
Fiscal year end30-06
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
46644Wholesale trade
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438505425
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.