Equity
ARCADIS BELGIUM paid out €40.0m in dividends. That is 413% of the 2025 profit.
ARCADIS BELGIUM paid out €40.0m in dividends. That is 413% of the 2025 profit.
Debts rose by €61.5m in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
ARCADIS BELGIUM pays its suppliers 20 days earlier than in 2024. Customers pay 1 day earlier.
Two of the last ten came late. The 2022 accounts came latest: 78 days after the end of the period.
Board changed. Latest change 27-05-2026 · 2 in office.
The dashed line is the sector median: 0.1% across 34 companies (NACE 71, large).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, large). It does better than 27% of them on solvency, 6% on liquidity, 70% on profitability and 28% on growth.
The bankruptcy probability was computed on 07-11-2026 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).
In July 2024, 321 companies had the same profile as ARCADIS BELGIUM has now. Each dot is one company, two years later.
That fits the bankruptcy probability of ARCADIS BELGIUM itself: 0.2% within 12 months.
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 321 companies, not a prediction for ARCADIS BELGIUM. 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.
Liquidity is tight, with a current ratio of 1.5 (3.91 in 2024), below the usual 1.5. Short-term debt is 65.7% and cash 0% of total assets. 67% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ARCADIS BELGIUM Brussels | €140.1m | 9.0% | 33.0% | 774.8 |
| TUC RAIL Sint-Gillis (bij-Brussel) | €182.1m | 1.6% | 20.1% | 730.6 |
| TRACTEBEL ENGINEERING Brussels | €332.1m | 6.1% | 50.3% | 1,326.4 |
| SWECO Brussels | €315.2m | 11.7% | 25.7% | 1,951.9 |
| ALTEN Belgium Sint-Gillis (bij-Brussel) | €79.7m | 10.2% | 44.3% | 717.6 |
| TRASIS Ans | €80.4m | 14.8% | 59.1% | 327.6 |
| ABB Machelen (Brab.) | €207.0m | 4.9% | 28.6% | 233.6 |
Grey: the largest companies of the sector (architecture and engineering (NACE 71)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ARCADIS BELGIUM: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €36m and €351m, founded between 1965 and 2004.
ARCADIS BELGIUM has existed since 1985. Turnover grew from €43.7m in 2006 to €140.1m in 2025 and staff from 479.7 to 774.8 full-time equivalents.
Turnover has grown every year since 2021. Solvency fell in 2025 from 73.2% to 33.0% because of the dividend.
Arcadis Europe BV holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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