ARCANGE
ActiveSummary
ARCANGE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€10,488) and a net result of -€847. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 12% of 2026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▼-79
Solvency0▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.83 in 2024; short-term debt: 127.6% and cash: 93.2% of total assets), and equity is negative.
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Signals
Six 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← 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
-27.6%
Return on assets
-2.2%
Age of the figures
15 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€10,488
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
7 d early
2023
28 d early
2022
6 d early
2021
28 d early
2020
16 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 24 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€37,951▼ 17.3%
2024 · €45,882
Net result
-€847
2024 · €17,079
Working capital
-€10,488▼ 8.8%
2024 · -€9,641
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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
Line20212022202320242025
Turnover
Operating result-€956-€2,345▼ 145%€5,328€20,370▲ 282%€1,297▼ 93.6%
Net result-€1,067within the sector's middle half-€2,510within the sector's middle half▼ 135%€5,149within the sector's middle half€17,079within the sector's middle half▲ 232%-€847within the sector's middle half
Equity-€29,359below the sector's middle half▼ 3.8%-€31,869below the sector's middle half▼ 8.5%-€26,720below the sector's middle half▲ 16.2%-€9,641below the sector's middle half▲ 63.9%-€10,488below the sector's middle half▼ 8.8%
Total assets€5,377below the sector's middle half▼ 37.6%€6,531below the sector's middle half▲ 21.5%€13,053below the sector's middle half▲ 99.9%€45,882within the sector's middle half▲ 252%€37,951below the sector's middle half▼ 17.3%
Debt€34,736▼ 5.9%€38,400▲ 10.5%€39,773▲ 3.6%€55,523▲ 39.6%€48,439▼ 12.8%
Working capital-€29,359below the sector's middle half▼ 3.8%-€31,869below the sector's middle half▼ 8.5%-€26,720below the sector's middle half▲ 16.2%-€9,641below the sector's middle half▲ 63.9%-€10,488below the sector's middle half▼ 8.8%
Solvency-546.0%below the sector's middle half▼ 217.4pp-488.0%below the sector's middle half▲ 58.0pp-204.7%below the sector's middle half▲ 283.3pp-21.0%below the sector's middle half▲ 183.7pp-27.6%below the sector's middle half▼ 6.6pp
Current ratio0.15below the sector's middle half▼ 0.080.17below the sector's middle half▲ 0.020.33below the sector's middle half▲ 0.160.83below the sector's middle half▲ 0.500.78below the sector's middle half▼ 0.04
Return on assets (ROA)-19.9%below the sector's middle half▼ 103.0pp-38.4%below the sector's middle half▼ 18.6pp39.4%above the sector's middle half▲ 77.9pp37.2%above the sector's middle half▼ 2.2pp-2.2%within the sector's middle half▼ 39.5pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 94% below 2024.
Key figures and ratios
EBITDA
€1,297▼
2024 · €20,370
Cash flow
-€847▼
2024 · €17,079
Debt to equity
-4.62▲
2024 · -5.76
Interest coverage
0.57▼
2024 · 110.86
Debt ≤ 1 year
€48,439▼
2024 · €55,523
Debt > 1 year
€0=
2024 · €0
Income taxes
€0▼
2024 · €3,131
Staff costs
€0=
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 2,795 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | €0 | €0 | - |
| Remuneration, social security and pensions62 | - | €0 | - | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | €0 | €0 | €0 | - |
| Other operating charges640/8 | - | €348 | €348 | €384 | €387 | ▲ 0.8% |
| Non-recurring operating charges66A | - | €0 | €0 | €0 | €0 | - |
| Gross operating margin9900 | -€87 | -€1,998 | €5,675 | €20,754 | €1,684 | ▼ 91.9% |
| Operating profit (loss)9901 | -€956 | -€2,345 | €5,328 | €20,370 | €1,297 | ▼ 93.6% |
| Financial income75/76B | - | €0 | €1 | €24 | €122 | ▲ 411% |
| Recurring financial income75 | €0 | €0 | €1 | €24 | €122 | ▲ 411% |
| Financial charges65/66B | - | €165 | €180 | €184 | €2,266 | ▲ 1,133% |
| Recurring financial charges65 | €68 | €165 | €180 | €184 | €2,266 | ▲ 1,133% |
| Profit (loss) for the period before taxes9903 | -€1,024 | -€2,510 | €5,149 | €20,210 | -€847 | ▼ 104% |
| Income taxes67/77 | €43 | €0 | €0 | €3,131 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€1,067 | -€2,510 | €5,149 | €17,079 | -€847 | ▼ 105% |
| Profit (loss) for the period to be appropriated9905 | -€1,067 | -€2,510 | €5,149 | €17,079 | -€847 | ▼ 105% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5,377 | €6,531 | €13,053 | €45,882 | €37,951 | ▼ 17.3% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €0 | €0 | €0 | €0 | €0 | - |
| Land and buildings22 | - | €0 | €0 | €0 | €0 | - |
| Plant, machinery and equipment23 | - | €0 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | €0 | €0 | €0 | €0 | - |
| Other tangible fixed assets26 | - | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €0 | €0 | €0 | €0 | €0 | - |
| Current assets29/58 | €5,377 | €6,531 | €13,053 | €45,882 | €37,951 | ▼ 17.3% |
| Amounts receivable within one year40/41 | €1,475 | €6,185 | €5,147 | €30,722 | €2,581 | ▼ 91.6% |
| Trade receivables40 | - | €6,158 | €5,147 | €30,697 | €2,350 | ▼ 92.3% |
| Other amounts receivable41 | - | €27 | €0 | €25 | €231 | ▲ 841% |
| Cash at bank and in hand54/58 | €3,902 | €345 | €7,906 | €15,160 | €35,370 | ▲ 133% |
| Deferred charges and accrued income490/1 | - | €0 | €0 | €0 | €0 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5,377 | €6,531 | €13,053 | €45,882 | €37,951 | ▼ 17.3% |
| Equity10/15 | -€29,359 | -€31,869 | -€26,720 | -€9,641 | -€10,488 | ▼ 8.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €54 | €54 | €54 | €54 | €54 | = |
| Non-distributable reserves130/1 | - | €54 | €54 | €54 | €54 | = |
| Other1319 | - | €54 | €54 | €54 | €54 | = |
| Profit (loss) carried forward14 | -€48,013 | -€50,523 | -€45,374 | -€28,295 | -€29,143 | ▼ 3.0% |
| Provisions and deferred taxes16 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions for liabilities and charges160/5 | - | €0 | €0 | €0 | €0 | - |
| Environmental obligations163 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €34,736 | €38,400 | €39,773 | €55,523 | €48,439 | ▼ 12.8% |
| Amounts payable after more than one year17 | €0 | €0 | €0 | €0 | €0 | - |
| Financial debts170/4 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable within one year42/48 | €34,736 | €38,400 | €39,773 | €55,523 | €48,439 | ▼ 12.8% |
| Current portion of amounts payable after more than one year42 | - | €0 | €0 | €0 | €0 | - |
| Financial debts43 | - | €0 | €0 | €0 | €0 | - |
| Credit institutions430/8 | - | €0 | €0 | €0 | €0 | - |
| Trade debts44 | €520 | €2,077 | €768 | €0 | €0 | - |
| Suppliers440/4 | - | €2,077 | €768 | €0 | €0 | - |
| Taxes, remuneration and social security45 | - | €669 | €344 | €8,306 | €0 | ▼ 100% |
| Taxes450/3 | - | €669 | €344 | €8,306 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €35,654 | €38,660 | €47,217 | €48,439 | ▲ 2.6% |
| Accrued charges and deferred income492/3 | - | €0 | €0 | €0 | €0 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,067 | -€2,510 | €5,149 | €17,079 | -€847 | ▼ 105% |
| + Depreciation and write-downs630 | €0 | €0 | €0 | €0 | €0 | - |
| Operating cash flow (approximation) | -€1,067 | -€2,510 | €5,149 | €17,079 | -€847 | ▼ 105% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,557 | €7,560 | €7,255 | €20,209 | ▲ 179% |
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
Next filing, fiscal year 2026, expected by
2026
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €17,079 ▲232%
Operating result €20,370, net result €17,079, both a record.
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €5,149
Net result €5,149 after 2 loss-making years.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€2,510
Net result drops to -€2,510, the lowest in the series; recovery starts the following year.
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Villers-la-Ville · 1 establishment unit since 2005
Ground area
940 m²
Building footprint
72 m²
Volume, LiDAR
645 m³
Parcel 25107B0074/00L000, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARCANGE
since 20052.146.326.720
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25107B0074/00L000 | Wallonia | 940 m² | 1 · 72 m² | 11.5 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,530 companies in sector 90391 we hold annual accounts for 684. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-04-2005
Fiscal year end30-06
Activities, NACEBEL 2025
58110Book publishing
90391Promotion and organisation of arts and performing arts events
58190Other publishing activities, excluding software publishing
47400Retail sale of information and communication equipment
58290Other software publishing
62200Computer consultancy and computer facilities management
77330Rental and leasing activities
85520Cultural education
90311Arts creation and performing arts activities
Contact
Phone
071870020Villers-la-Ville
Fax
071870021Villers-la-Ville
E-invoicing
Reachable via Peppol
Peppol ID
0208:0872956943
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.