ARCANA
ActiveSummary
ARCANA has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €145,035 and a net result of -€13,628. Equity is shrinking by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 86% of 1743 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability52▲+29
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 4.48 against 4.06 in 2023; short-term debt: 10.6% and cash: 0.8% of total assets), and 19.5% of the assets are financed with debt.
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Signals
Seven 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2024Solvency, return and age of the figures
Solvency
80.5%
Return on assets
-7.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€13,628
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-09-2025, 52 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
52 d late
2023
68 d late
2022
30 d late
2021
30 d late
2020
3 d early
2019
31 d late
← 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 35 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€13,628▲ 36.8%
2023 · -€21,576
Working capital
€66,377▼ 5.7%
2023 · €70,394
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€18,119▲ 6.0%€5,422-€9,170-€17,655▼ 92.5%-€15,211▲ 13.8%
Net result-€21,685below the sector's middle half▲ 2.2%€3,182below the sector's middle half-€16,165below the sector's middle half-€21,576below the sector's middle half▼ 33.5%-€13,628below the sector's middle half▲ 36.8%
Equity€193,222within the sector's middle half▼ 10.1%€196,404within the sector's middle half▲ 1.6%€180,239within the sector's middle half▼ 8.2%€158,663within the sector's middle half▼ 12.0%€145,035within the sector's middle half▼ 8.6%
Total assets€313,808within the sector's middle half▲ 1.7%€280,775below the sector's middle half▼ 10.5%€244,408below the sector's middle half▼ 13.0%€209,649below the sector's middle half▼ 14.2%€180,213below the sector's middle half▼ 14.0%
Debt€120,586▲ 28.6%€84,371▼ 30.0%€64,169▼ 23.9%€50,986▼ 20.5%€35,178▼ 31.0%
Working capital€98,735within the sector's middle half▼ 42.0%€88,271within the sector's middle half▼ 10.6%€82,504within the sector's middle half▼ 6.5%€70,394within the sector's middle half▼ 14.7%€66,377within the sector's middle half▼ 5.7%
Solvency61.6%within the sector's middle half▼ 8.0pp70.0%above the sector's middle half▲ 8.4pp73.7%above the sector's middle half▲ 3.8pp75.7%above the sector's middle half▲ 1.9pp80.5%above the sector's middle half▲ 4.8pp
Current ratio2.73within the sector's middle half▼ 7.183.71above the sector's middle half▲ 0.994.42above the sector's middle half▲ 0.714.06above the sector's middle half▼ 0.364.48above the sector's middle half▲ 0.42
Return on assets (ROA)-6.9%below the sector's middle half▲ 0.3pp1.1%below the sector's middle half▲ 8.0pp-6.6%below the sector's middle half▼ 7.7pp-10.3%below the sector's middle half▼ 3.7pp-7.6%below the sector's middle half▲ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,211 in 2024 against €17,655 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €180,213
Fixed assets
€94,787 ▼ 18.5%
Current assets
€85,426 ▼ 8.5%
Equity and liabilities €180,213
Equity
€145,035 ▼ 8.6%
Debt
€35,178 ▼ 31.0%
Debt's share of the balance-sheet total falls from 24.3% to 19.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,289▲
2023 · €4,095
Cash flow
€7,872▲
2023 · €174
Debt to equity
0.24▼
2023 · 0.32
ROE
-9.4%▲
2023 · -13.6%
Interest coverage
5.11▲
2023 · 2.05
Debt ≤ 1 year
€19,049▼
2023 · €22,968
Debt > 1 year
€15,729▼
2023 · €28,018
Income taxes
€167▼
2023 · €1,920
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 12,321 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €30,561 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,139 | €21,500 | €21,500 | €21,750 | €21,500 | ▼ 1.1% |
| Other operating charges640/8 | - | €2,196 | €2,461 | €3,532 | €1,532 | ▼ 56.6% |
| Non-recurring operating charges66A | - | - | €682 | - | - | - |
| Gross operating margin9900 | €2,425 | €29,118 | €15,473 | €7,627 | €7,821 | ▲ 2.5% |
| Operating profit (loss)9901 | -€18,119 | €5,422 | -€9,170 | -€17,655 | -€15,211 | ▲ 13.8% |
| Financial income75/76B | - | - | - | - | €2,981 | - |
| Recurring financial income75 | - | - | - | - | €2,981 | - |
| Non-recurring financial income76B | - | - | - | - | €2,981 | - |
| Financial charges65/66B | - | €2,113 | €1,973 | €2,001 | €1,231 | ▼ 38.5% |
| Recurring financial charges65 | €3,566 | €2,113 | €1,973 | €2,001 | €1,231 | ▼ 38.5% |
| Profit (loss) for the period before taxes9903 | -€21,685 | €3,309 | -€11,143 | -€19,656 | -€13,461 | ▲ 31.5% |
| Income taxes67/77 | - | €127 | €5,022 | €1,920 | €167 | ▼ 91.3% |
| Profit (loss) for the period9904 | -€21,685 | €3,182 | -€16,165 | -€21,576 | -€13,628 | ▲ 36.8% |
| Transfer from tax-exempt reserves789 | - | €22,628 | €20,103 | €20,103 | €20,103 | = |
| Profit (loss) for the period to be appropriated9905 | -€6,375 | €25,810 | €3,938 | -€1,473 | €6,475 | ▲ 540% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €313,808 | €280,775 | €244,408 | €209,649 | €180,213 | ▼ 14.0% |
| Fixed assets21/28 | €157,862 | €159,969 | €137,787 | €116,287 | €94,787 | ▼ 18.5% |
| Tangible fixed assets22/27 | €156,398 | €158,505 | €136,323 | €114,823 | €93,323 | ▼ 18.7% |
| Land and buildings22 | - | €157,823 | €136,323 | €114,823 | €93,323 | ▼ 18.7% |
| Furniture and vehicles24 | - | €682 | - | - | - | - |
| Financial fixed assets28 | €1,464 | €1,464 | €1,464 | €1,464 | €1,464 | = |
| Current assets29/58 | €155,946 | €120,806 | €106,621 | €93,362 | €85,426 | ▼ 8.5% |
| Amounts receivable after more than one year29 | - | €106,000 | €93,300 | €80,400 | €71,500 | ▼ 11.1% |
| Other amounts receivable291 | - | €106,000 | €93,300 | €80,400 | €71,500 | ▼ 11.1% |
| Amounts receivable within one year40/41 | €12,736 | €14,389 | €13,147 | €12,960 | €12,497 | ▼ 3.6% |
| Trade receivables40 | - | €7,211 | €989 | €681 | €271 | ▼ 60.2% |
| Other amounts receivable41 | - | €7,178 | €12,158 | €12,279 | €12,226 | ▼ 0.4% |
| Cash at bank and in hand54/58 | €1,210 | €417 | €174 | €2 | €1,429 | ▲ 71,350% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €313,808 | €280,775 | €244,408 | €209,649 | €180,213 | ▼ 14.0% |
| Equity10/15 | €193,222 | €196,404 | €180,239 | €158,663 | €145,035 | ▼ 8.6% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Capital10 | - | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Issued capital100 | - | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Reserves13 | €158,763 | €136,135 | €116,032 | €95,929 | €75,826 | ▼ 21.0% |
| Non-distributable reserves130/1 | - | €4,552 | €4,552 | €4,552 | €4,552 | = |
| Legal reserve130 | - | €4,552 | €4,552 | €4,552 | €4,552 | = |
| Tax-exempt reserves132 | - | €119,541 | €99,438 | €79,335 | €59,232 | ▼ 25.3% |
| Distributable reserves133 | - | €12,042 | €12,042 | €12,042 | €12,042 | = |
| Profit (loss) carried forward14 | -€39,909 | -€14,099 | -€10,161 | -€11,634 | -€5,159 | ▲ 55.7% |
| Amounts payable17/49 | €120,586 | €84,371 | €64,169 | €50,986 | €35,178 | ▼ 31.0% |
| Amounts payable after more than one year17 | €63,375 | €51,836 | €40,052 | €28,018 | €15,729 | ▼ 43.9% |
| Financial debts170/4 | - | €51,836 | €40,052 | €28,018 | €15,729 | ▼ 43.9% |
| Amounts payable within one year42/48 | €57,211 | €32,535 | €24,117 | €22,968 | €19,049 | ▼ 17.1% |
| Current portion of amounts payable after more than one year42 | - | €11,539 | €11,784 | €12,034 | €12,289 | ▲ 2.1% |
| Financial debts43 | - | €98 | - | €456 | - | - |
| Credit institutions430/8 | - | €98 | - | €456 | - | - |
| Trade debts44 | €15,251 | €14,321 | €4,308 | €3,538 | €2,894 | ▼ 18.2% |
| Suppliers440/4 | - | €14,321 | €4,308 | €3,538 | €2,894 | ▼ 18.2% |
| Taxes, remuneration and social security45 | - | - | €1,054 | €265 | €829 | ▲ 213% |
| Taxes450/3 | - | - | €1,054 | €265 | €829 | ▲ 213% |
| Other amounts payable47/48 | - | €6,577 | €6,971 | €6,675 | €3,037 | ▼ 54.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €400 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,685 | €3,182 | -€16,165 | -€21,576 | -€13,628 | ▲ 36.8% |
| + Depreciation and write-downs630 | €19,139 | €21,500 | €21,500 | €21,750 | €21,500 | ▼ 1.1% |
| Operating cash flow (approximation) | -€2,546 | €24,682 | €5,335 | €174 | €7,872 | ▲ 4,424% |
| Investment in fixed assets (approximation) | - | -€23,607 | €682 | -€250 | €0 | ▲ 100% |
| Change in cash | - | -€793 | -€243 | -€172 | €1,427 | ▲ 930% |
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
21-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 52 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 68 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €3,182
Net result €3,182 after 3 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
14-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 227 days late
14-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 592 days late
2019
31-12
Financial
Weakest financial yearnet -€22,170
Net result drops to -€22,170, the lowest in the series; recovery starts the following year.
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Mons
Ground area
407 m²
Building footprint
105 m²
Volume, LiDAR
967 m³
Parcel 53403G0155/00B006, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53403G0155/00B006 | Wallonia | 407 m² | 1 · 105 m² | 11.1 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 2,265 companies in sector 69209 we hold annual accounts for 1,101. 853 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
Founded16-06-1986
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
Contact
E-mail
saarcana@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429137896
Also
9925:BE0429137896
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.