"ARCADES RED"
Active"ARCADES RED" has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-4k) and a net result of €-126k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
22
/ 100
Critical▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency52▲+23
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.34 against 1.73 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-0.1%
Return on assets
-1.6%
Age of the figures
8 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€4k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
6 d late
2024
on the day
2023
1 d early
2022
20 d early
2021
21 d late
2020
31 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-4k
2024 · €133k
2019: €14k
2020: €78k
2021: €207k
2022: €247k
2023: €246k
2024: €133k
2019 → 2025
Total assets
€7.83M▲ 65.0%
2024 · €4.75M
2019: €1.48M
2020: €1.96M
2021: €1.23M
2022: €405k
2023: €2.14M
2024: €4.75M
2019 → 2025
Net result
€-126k▼ 11.1%
2024 · €-113k
2019: €-5k
2020: €-60k
2021: €130k
2022: €40k
2023: €-744
2024: €-113k
2019 → 2025
Working capital
€1.63M▼ 17.5%
2024 · €1.98M
2019: €112k
2020: €176k
2021: €290k
2022: €327k
2023: €716k
2024: €1.98M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€207k-€247k▲ 19.1%€246k▼ 0.3%€133k▼ 46.1%€-4k
Operating result€173k-€56k▼ 67.4%€14k▼ 75.1%€-7k€-62k▼ 735%
Net result€130k-€40k▼ 69.4%€-744€-113k▼ 15,150%€-126k▼ 11.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €62k in 2025 against €7k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.83M
Fixed assets
€1.39M▲ 1,836%
Current assets
€6.44M▲ 37.8%
Key figures and ratios
EBITDA
€-54k
Cash flow
€-118k
Solvency
-0.1%▼
2024 · 2.8%
Current ratio
1.34▼
2024 · 1.73
Quick ratio
0.17▼
2024 · 0.58
ROA
-1.6%▲
2024 · -2.4%
Interest coverage
-0.59
Debt
€7.83M▲
2024 · €4.60M
Debt ≤ 1 year
€4.81M▲
2024 · €2.70M
Debt > 1 year
€3.02M▲
2024 · €1.86M
A ratio outside any meaningful range has been withheld (balance sheet total €7.83M, equity €-4k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.75M€7.83M▲
Fixed assets21/28€72k€1.39M▲
Intangible fixed assets21€0€33k▲
Financial fixed assets28€72k€1.36M▲
Current assets29/58€4.68M€6.44M▲
Amounts receivable after more than one year29€607k€559k▼
Other amounts receivable291€607k€559k▼
Stocks and contracts in progress3€3.11M€5.65M▲
Stocks30/36-€5.65M
Contracts in progress37€3.11M-
Amounts receivable within one year40/41€904k€27k▼
Trade receivables40€80k€15k▼
Other amounts receivable41€824k€12k▼
Cash at bank and in hand54/58€50k€208k▲
Deferred charges and accrued income490/1€5k€835▼
Equity and liabilities
Total equity and liabilities10/49€4.75M€7.83M▲
Equity10/15€133k€-4k▼
Contributions10/11€143k€143k=
Profit (loss) carried forward14€-10k€-147k▼
Provisions and deferred taxes16€13k€5k▼
Provisions for liabilities and charges160/5€13k€5k▼
Major repairs and maintenance162€13k-
Other liabilities and charges164/5-€5k
Amounts payable17/49€4.60M€7.83M▲
Amounts payable after more than one year17€1.86M€3.02M▲
Other amounts payable178/9€1.86M€3.02M▲
Amounts payable within one year42/48€2.70M€4.81M▲
Financial debts43€2.20M€3.27M▲
Credit institutions430/8€2.20M€3.27M▲
Trade debts44€116k€206k▲
Suppliers440/4€116k€206k▲
Taxes, remuneration and social security45€4k-
Taxes450/3€4k-
Other amounts payable47/48€380k€1.34M▲
Accrued charges and deferred income492/3€46k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€8k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-8k
Provisions for liabilities and charges: additions (uses and reversals)635/8€5k-
Other operating charges640/8-€85
Gross operating margin9900€-3k€-62k▼
Operating profit (loss)9901€-7k€-62k▼
Financial income75/76B€17k€28k▲
Recurring financial income75€17k€28k▲
Financial charges65/66B€123k€92k▼
Recurring financial charges65€123k€92k▼
Profit (loss) for the period before taxes9903€-113k€-126k▼
Profit (loss) for the period9904€-113k€-126k▼
Profit (loss) for the period to be appropriated9905€-113k€-126k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-136k▼
Profit (loss) brought forward from the previous period14P€103k€-10k▼
Transfer to equity691/2-€11k
To other reserves6921-€11k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Weakest financial yearnet €-126k
Net result drops to €-126k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 5.20
Current ratio from 1.31 to 5.20; short-term debt falls from €939k to €78k.
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
31-12
Financial
Back to profitnet €130k
Net result €130k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €207k ▲167%
Equity rises from €78k to €207k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Chaudfontaine · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Auguste Nève 254052 ChaudfontaineGround area
1,146 m²
Building footprint
95 m²
Volume, LiDAR
627 m³
Parcel 62012C0083/00T000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20182.279.771.105
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012C0083/00T000 | Wallonia | 1,146 m² | 1 · 95 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
VAN ECKEREN PROJECTS
BE 0629.977.386
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Boost Dreams Development
BE 0753.955.957
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REDDEX
BE 0765.923.381
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MOSS IMMOBILIERE
BE 0758.539.604
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KARDEMOM
BE 0694.573.844
Gent · Eq €132k
Of 9,635 companies in sector 68121 we hold annual accounts for 7,328. 5,298 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2018
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.