ARCANA
ActiveARCANA has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €145k and a net result of €-14k. Equity is shrinking by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 86% of 1740 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 €11k 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.
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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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 €-14k
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 →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-14k▲ 36.8%
2023 · €-22k
2018: €-2k
2019: €-22k
2020: €-22k
2021: €3k
2022: €-16k
2023: €-22k
2018 → 2024
Working capital
€66k▼ 5.7%
2023 · €70k
2018: €190k
2019: €170k
2020: €99k
2021: €88k
2022: €83k
2023: €70k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€193k-€196k▲ 1.6%€180k▼ 8.2%€159k▼ 12.0%€145k▼ 8.6%
Operating result€-18k-€5k€-9k€-18k▼ 92.5%€-15k▲ 13.8%
Net result€-22k-€3k€-16k€-22k▼ 33.5%€-14k▲ 36.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2024 against €18k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €180k
Fixed assets
€95k▼ 18.5%
Current assets
€85k▼ 8.5%
Equity and liabilities €180k
Equity
€145k▼ 8.6%
Debt
€35k▼ 31.0%
The debt ratio falls from 24.3% to 19.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▲
2023 · €4k
Cash flow
€8k▲
2023 · €174
Solvency
80.5%▲
2023 · 75.7%
Current ratio
4.48▲
2023 · 4.06
Quick ratio
4.48▲
2023 · 4.06
Debt / equity
0.24▼
2023 · 0.32
ROE
-9.4%▲
2023 · -13.6%
ROA
-7.6%▲
2023 · -10.3%
Interest coverage
5.11▲
2023 · 2.05
Debt
€35k▼
2023 · €51k
Debt ≤ 1 year
€19k▼
2023 · €23k
Debt > 1 year
€16k▼
2023 · €28k
Income taxes
€167▼
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€210k€180k▼
Fixed assets21/28€116k€95k▼
Tangible fixed assets22/27€115k€93k▼
Land and buildings22€115k€93k▼
Financial fixed assets28€1k€1k=
Current assets29/58€93k€85k▼
Amounts receivable after more than one year29€80k€72k▼
Other amounts receivable291€80k€72k▼
Amounts receivable within one year40/41€13k€12k▼
Trade receivables40€681€271▼
Other amounts receivable41€12k€12k▼
Cash at bank and in hand54/58€2€1k▲
Equity and liabilities
Total equity and liabilities10/49€210k€180k▼
Equity10/15€159k€145k▼
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€96k€76k▼
Non-distributable reserves130/1€5k€5k=
Legal reserve130€5k€5k=
Tax-exempt reserves132€79k€59k▼
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€-12k€-5k▲
Amounts payable17/49€51k€35k▼
Amounts payable after more than one year17€28k€16k▼
Financial debts170/4€28k€16k▼
Amounts payable within one year42/48€23k€19k▼
Current portion of amounts payable after more than one year42€12k€12k▲
Financial debts43€456-
Credit institutions430/8€456-
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€265€829▲
Taxes450/3€265€829▲
Other amounts payable47/48€7k€3k▼
Accrued charges and deferred income492/3-€400
Income statement
Code20232024
Non-recurring operating income76A-€31k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k▼
Other operating charges640/8€4k€2k▼
Gross operating margin9900€8k€8k▲
Operating profit (loss)9901€-18k€-15k▲
Financial income75/76B-€3k
Recurring financial income75-€3k
Non-recurring financial income76B-€3k
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-20k€-13k▲
Income taxes67/77€2k€167▼
Profit (loss) for the period9904€-22k€-14k▲
Transfer from tax-exempt reserves789€20k€20k=
Profit (loss) for the period to be appropriated9905€-1k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-5k▲
Profit (loss) brought forward from the previous period14P€-10k€-12k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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 €3k
Net result €3k 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 €-22k
Net result drops to €-22k, 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.
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
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 des Droits de l'Homme 67000 MonsGround 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.
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
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
PROFISCUS
BE 0426.916.695
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TIANGU
BE 0749.922.638
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Stephan MOREAUX & Cie.
BE 0446.814.563
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BUREAU CENTRAL DE CLEARING
BE 0459.711.506
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GBC SERVICES
BE 0859.560.352
Brussel · Eq €146k
Of 2,267 companies in sector 69209 we hold annual accounts for 1,098. 850 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-06-1986
Fiscal year end31-12
Activities, NACEBEL
69202Legal and accounting activities
69209Other tax advisory services
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:saarcana@hotmail.com