ARCALE
ActiveFrom the official registers: KBO 17 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
ARCALE has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187,687 and a net result of €24,747. Equity has been growing by about 7.8% per year since 2018. Its solvency ranks better than 59% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 11-02-2009 Normal situation
- Activity
- Roofing work NACE 43410and 1 other
- Establishment unit
- 2.176.073.155 7080 Frameries, since 12-02-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 08-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €567,977
- ▲ 27.6%
- Turnover
- ≈ €1.6m
- estimated
- Profit
- €24,747
- ▲ 79.5%
- Equity
- €187,687
- ▲ 15.2%
- Total assets
- €380,179
- ▲ 7.0%
- Staff
- 10.2 FTE
- ▲ 8.5%
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 2.17, cash €70,623Founded in 2009Equity €187,687 (49.4% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 54% of them on solvency, 55% on liquidity, 53% on profitability and 62% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 11-05-2026 PDF all 17 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 60% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as ARCALE: roofing work (NACE 43410). They are comparable in size and age: total assets between €379,000 and €521,000, founded between 2006 and 2008.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| ARCALE Frameries | 2009 | €380,179 | €187,687 | €567,977 | €24,747 | - | 2025 |
| BANCU ED. Ham-sur-Heure-Nalinnes | 2007 | €378,963 | €239,822 | €573,611 | -€2,609 | 9.8 | 2025 |
| SOLIDE & WATERPROOF Schilde | 2007 | €414,079 | €290,320 | €603,896 | €38,092 | - | 2026 |
| SKYDAK Sint-Niklaas | 2008 | €459,364 | €196,585 | €537,208 | €61,993 | 7.1 | 2025 |
| MINE Fabrice Anhée | 2008 | €444,430 | €113,683 | €495,327 | €21,087 | - | 2025 |
| EP TOITURES Frameries | 2006 | €517,012 | €108,571 | €482,817 | €559 | 7.8 | 2025 |
| WATT INVEST Frameries | 2008 | €520,633 | €204,892 | €797,348 | €49,240 | 9.9 | 2025 |
They were chosen from the 4,256 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,811 companies had the same profile as ARCALE has now. Two years later, 0.3% had gone bankrupt and 96.5% were still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of ARCALE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 17,811 companies, not a prediction for ARCALE. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €369,809 | €377,436 | €416,072 | €388,439 | €481,477 | ▲ 24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,413 | €8,912 | €11,662 | €16,433 | €18,815 | €18,276 | €32,898 | €31,236 | ▼ 5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €17,728 | - |
| Other operating charges640/8 | - | - | - | €1,450 | €2,276 | €5,335 | €1,138 | €1,940 | ▲ 70.5% |
| Non-recurring operating charges66A | - | - | - | €355 | €433 | €6,918 | €528 | - | - |
| Gross operating margin9900 | €225,228 | €291,608 | €297,813 | €397,789 | €408,995 | €467,508 | €445,258 | €567,977 | ▲ 27.6% |
| Operating profit (loss)9901 | €43,363 | €6,035 | €14,543 | €9,742 | €10,035 | €20,907 | €22,255 | €35,596 | ▲ 59.9% |
| Financial income75/76B | - | - | - | €1,949 | €2,041 | €405 | €18 | €85 | ▲ 372% |
| Recurring financial income75 | €483 | €2 | €1,188 | €1,949 | €2,041 | €405 | €18 | €85 | ▲ 372% |
| Non-recurring financial income76B | - | - | - | - | - | €405 | - | - | - |
| Financial charges65/66B | - | - | - | €701 | €3,011 | €4,148 | €3,514 | €4,390 | ▲ 24.9% |
| Recurring financial charges65 | €3,486 | €659 | €1,104 | €701 | €3,011 | €4,148 | €3,514 | €4,073 | ▲ 15.9% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €317 | - |
| Profit (loss) for the period before taxes9903 | €40,360 | €5,378 | €14,627 | €10,990 | €9,065 | €17,164 | €18,759 | €31,291 | ▲ 66.8% |
| Income taxes67/77 | €5,373 | - | €2,666 | €3,331 | €3,586 | €4,135 | €4,973 | €6,544 | ▲ 31.6% |
| Profit (loss) for the period9904 | €34,987 | €5,378 | €11,961 | €7,659 | €5,479 | €13,029 | €13,786 | €24,747 | ▲ 79.5% |
| Profit (loss) for the period to be appropriated9905 | €34,987 | €5,378 | €11,961 | €7,659 | €5,479 | €13,029 | €13,786 | €24,747 | ▲ 79.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €270,247 | €229,742 | €274,011 | €286,798 | €306,673 | €337,089 | €355,216 | €380,179 | ▲ 7.0% |
| Fixed assets21/28 | €16,436 | €30,268 | €48,275 | €55,599 | €41,120 | €81,110 | €61,210 | €93,236 | ▲ 52.3% |
| Tangible fixed assets22/27 | €16,386 | €30,218 | €48,225 | €55,549 | €36,270 | €76,260 | €56,360 | €88,386 | ▲ 56.8% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €1,667 | - |
| Furniture and vehicles24 | - | - | - | €55,549 | €36,270 | €76,260 | €56,360 | €86,719 | ▲ 53.9% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €4,850 | €4,850 | €4,850 | €4,850 | = |
| Current assets29/58 | €253,811 | €199,474 | €225,736 | €231,199 | €265,553 | €255,979 | €294,006 | €286,943 | ▼ 2.4% |
| Stocks and contracts in progress3 | €28,606 | €7,000 | €7,307 | €12,000 | - | €22,504 | €30,850 | €27,645 | ▼ 10.4% |
| Contracts in progress37 | - | - | - | €12,000 | - | €22,504 | €30,850 | €27,645 | ▼ 10.4% |
| Amounts receivable within one year40/41 | €154,707 | €124,240 | €169,493 | €182,724 | €216,060 | €160,943 | €166,778 | €186,005 | ▲ 11.5% |
| Trade receivables40 | - | - | - | €137,330 | €162,070 | €99,216 | €78,225 | €89,313 | ▲ 14.2% |
| Other amounts receivable41 | - | - | - | €45,394 | €53,990 | €61,727 | €88,553 | €96,692 | ▲ 9.2% |
| Cash at bank and in hand54/58 | €70,498 | €68,234 | €48,936 | €36,475 | €49,493 | €52,229 | €80,937 | €70,623 | ▼ 12.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €20,303 | €15,441 | €2,670 | ▼ 82.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €270,247 | €229,742 | €274,011 | €286,798 | €306,673 | €337,089 | €355,216 | €380,179 | ▲ 7.0% |
| Equity10/15 | €105,649 | €111,027 | €122,988 | €130,647 | €136,126 | €149,155 | €162,940 | €187,687 | ▲ 15.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | - | - | €6,200 | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | €6,200 | - |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €97,589 | €102,967 | €114,928 | €122,587 | €128,066 | €141,095 | €154,880 | €179,627 | ▲ 16.0% |
| Amounts payable17/49 | €164,598 | €118,715 | €151,023 | €156,151 | €170,547 | €187,934 | €192,276 | €192,492 | ▲ 0.1% |
| Amounts payable after more than one year17 | €12,804 | €22,992 | €33,511 | €37,834 | €23,525 | €54,362 | €35,042 | €56,057 | ▲ 60.0% |
| Financial debts170/4 | - | - | - | €37,834 | €23,525 | €54,362 | €35,042 | €56,057 | ▲ 60.0% |
| Amounts payable within one year42/48 | €150,047 | €91,325 | €117,512 | €116,119 | €136,099 | €130,693 | €154,834 | €132,065 | ▼ 14.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,668 | €14,658 | €21,487 | €19,319 | €28,640 | ▲ 48.2% |
| Trade debts44 | €120,462 | €52,092 | €85,632 | €61,575 | €103,758 | €83,751 | €92,089 | €69,657 | ▼ 24.4% |
| Suppliers440/4 | - | - | - | €61,575 | €103,758 | €83,751 | €92,089 | €69,657 | ▼ 24.4% |
| Taxes, remuneration and social security45 | - | - | - | €35,876 | €17,683 | €25,455 | €43,426 | €33,768 | ▼ 22.2% |
| Taxes450/3 | - | - | - | €8,979 | €6,917 | €10,722 | €19,203 | €15,302 | ▼ 20.3% |
| Remuneration and social security454/9 | - | - | - | €26,897 | €10,766 | €14,733 | €24,223 | €18,466 | ▼ 23.8% |
| Accrued charges and deferred income492/3 | - | - | - | €2,198 | €10,923 | €2,879 | €2,400 | €4,370 | ▲ 82.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,987 | €5,378 | €11,961 | €7,659 | €5,479 | €13,029 | €13,786 | €24,747 | ▲ 79.5% |
| + Depreciation and write-downs630 | €4,413 | €8,912 | €11,662 | €16,433 | €18,815 | €18,276 | €32,898 | €31,236 | ▼ 5.1% |
| Operating cash flow (approximation) | €39,400 | €14,290 | €23,623 | €24,092 | €24,294 | €31,305 | €46,684 | €55,983 | ▲ 19.9% |
| Investment in fixed assets (approximation) | - | -€22,744 | -€29,669 | -€23,757 | -€4,336 | -€58,266 | -€12,998 | -€63,262 | ▼ 387% |
| Change in cash | - | -€2,264 | -€19,298 | -€12,461 | €13,018 | €2,736 | €28,708 | -€10,314 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 11-05-2026 | 2026-00107780 | |
| 31-12-2024 | full format | 07-07-2025 | 2025-00236242 | |
| 31-12-2023 | full format | 22-07-2024 | 2024-00268566 | |
| 31-12-2022 | full format | 17-07-2023 | 2023-00240696 | |
| 31-12-2021 | full format | 17-05-2022 | 2022-20028035 | |
| 31-12-2020 | full format | 16-08-2021 | 2021-48500357 | |
| 31-12-2019 | full format | 09-07-2020 | 2020-27600395 | |
| 31-12-2018 | full format | 22-08-2019 | 2019-48400591 | |
| 31-12-2017 | full format | 03-08-2018 | 2018-42600192 | |
| 31-12-2016 | full format | 03-08-2017 | 2017-40300287 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 28-12-2023 Converted to unavailable equity · €8,060
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PIETQUIN Olivier |
|
| ZYGOR Gilles |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs”
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Décision assemblée générale délibérant dans formes prévues pour modifications aux statuts, en tout temps”
Articles of association, deed of 28-12-2023 (in French)
Network & group
ARCALE shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of ARCALE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-12
Gazette deed
Resignations: PIETQUIN Olivier (director) and ZYGOR Gilles (director)Appointments: PIETQUIN Olivier (director) and ZYGOR Gilles (director) · Registered office clause · Director discharge13 points ▸
- Registered office clause, “7080 Frameries,Rue Alfred Defuisseaux 101” (deed in French)
- Director resignation, PIETQUIN Olivier
- Director resignation, ZYGOR Gilles
- Director appointment, PIETQUIN Olivier (director (not named in the articles))
- Director appointment, ZYGOR Gilles (director (not named in the articles))
- Director discharge, PIETQUIN Olivier
- Director discharge, ZYGOR Gilles
- General meeting, 21-12-2023
- Other provision, “adaptation statuts au CSA, adapter statuts” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “capitaux propres statutairement indisponible, laisser” (deed in French)
- Amendment of the articles
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20256 activities
- À la pose de charpentes,de couvertures métalliques et non métalliques de tous bâtiments
- Toutes opérations se rapportant directement ou indirectement aux travaux de plomberie-zinguerie,d'installations sanitaires;recouvrement de corniches,démoussage de toitures,ramonage de cheminées,placement d'échafaudages,entreprise d'isolation thermique et acoustique
- Entreprise générale de bâtiment;travaux de rejointoiement;pose de chape;plafonnage;travaux de ferraillage et de coffrage;travaux de menuiserie extérieurs et intérieurs,escaliers,placards,cuisines équipées,équipements pour magasin,etc …
- Tous travaux d’étanchéité de toiture,de revêtement de construction par asphaltage et bitumage
- Toutes opérations industrielles,commerciales,financières ou civiles,mobilières ou immobilières se rapportant directement ou indirectement à son objet social
- S'intéresser par voie d'apport,de fusion,de souscription ou de toute autre manière,dans toutes entreprises,associations ou sociétés ayant un objet similaire,analogue ou connexe,ou de nature à favoriser celui de la société
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0809.755.604
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Recognised contractor
15 categories- C1 Ordinary sewer worksclass 1, up to €162,000
- C5 Bituminous paving and surface dressingclass 1, up to €162,000
- D1 All shell construction and roofing-in of buildingsclass 1, up to €162,000
- D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 1, up to €162,000
- D5 General joinery, timber roof trusses and stairsclass 1, up to €162,000
- D8 Asphalt and similar roof coverings, waterproofingclass 1, up to €162,000
- D12 Non-metal, non-asphalt roof coveringsclass 1, up to €162,000
- D20 Metal joineryclass 1, up to €162,000
Show all 15 categories
- D21 Cleaning and restoring facadesclass 1, up to €162,000
- D22 Metal roofing and zinc workclass 1, up to €162,000
- E General civil engineering contractsclass 1, up to €162,000
- E1 Trunk sewersclass 1, up to €162,000
- G General earthworks contractsclass 1, up to €162,000
- G1 Drilling, probing and injectionclass 1, up to €162,000
- G5 Demolitionclass 1, up to €162,000
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53028C1086/00F000 | Wallonia | 517 m² | 1 · 139 m² | 10.5 m · 3 |