Equity
ARCEA has made a profit without a break since 2013.
ARCEA has made a profit without a break since 2013.
The result fell in 2025 from €91,402 to €21,648.
The accounts state no turnover.
In 2025, 4 people joined and 4 left.
Two of the last ten came late. The 2019 accounts came latest: 31 days after the end of the period.
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 1 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, micro). It does better than 48% of them on solvency, 39% on liquidity, 34% on profitability and 45% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 10,904 companies had the same profile as ARCEA has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of ARCEA itself: 0.1% 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 10,904 companies, not a prediction for ARCEA. 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 ample, with a current ratio of 2.34 (1.98 in 2024), above the usual 1.5. Short-term debt is 33.3% and cash 14.9% of total assets. 49.6% 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 18 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 | ||||
|---|---|---|---|---|
| ARCEA Mons | - | - | 50.4% | 6.7 |
| ACIC Mons | - | - | -62.4% | 6.8 |
| BUREAU DE TRAVAUX ET D'ETUDES EN ENVIRONNEMENT Frasnes-lez-Anvaing | - | - | -8.8% | 5.8 |
| VAN ROYEN & ASSOCIES Mons | €1.2m | 6.3% | 37.4% | 6.3 |
| AMARES Ottignies-Louvain-la-Neuve | €1.1m | 7.2% | 30.0% | 4.6 |
| BEVAC Engineering Braine-l'Alleud | - | - | 58.9% | 4.9 |
| InsPyro Leuven | - | - | 46.7% | 6.2 |
These companies have the same main activity as ARCEA: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €932,000 and €1.2m, founded between 2001 and 2012.
ARCEA files the abbreviated format. That format states no turnover. The gross margin rose from €1,078 in 2009 to €427,012 in 2025.
In June 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.0m. Estimated: probably between €770,000 and €1.4m.
Higher than 53% of 2,565 companies in 2025.
Higher than 63% of 2,521 companies in 2025.
Higher than 34% of 2,542 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 4 people joined and 4 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
1.1m | 1.3m | 1.2m | 1.1m | 1.1m | 806,862 | 784,831 | 685,795 | 685,642 | 668,389 | 679,518 | 420,005 | 418,265 | 349,650 | 286,104 | 289,474 | 82,504 | |
21/28 |
234,381 | 275,444 | 299,173 | 288,132 | 294,246 | 166,121 | 80,823 | 93,433 | 96,240 | 104,399 | 72,516 | 49,580 | 16,130 | 14,245 | 10,070 | 10,070 | 7,450 | |
21 |
18,191 | 30,411 | 47,342 | 9,259 | 12,984 | 15,084 | 3,679 | 8,092 | 12,504 | 14,450 | - | - | - | - | - | - | - | |
22/27 |
134,790 | 159,384 | 166,183 | 198,784 | 216,173 | 55,232 | 26,468 | 40,166 | 34,341 | 40,554 | 23,121 | - | - | - | - | - | - | |
23 |
102,701 | 113,966 | 132,046 | 152,029 | 173,326 | 1,046 | 2,162 | 4,048 | 7,059 | 2,251 | - | - | - | - | - | - | - | |
24 |
32,089 | 45,418 | 26,615 | 34,010 | 24,878 | 30,993 | 19,066 | 19,858 | - | - | - | - | - | - | - | - | - | |
25 |
- | 0 | 7,522 | 12,745 | 17,969 | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
81,399 | 85,649 | 85,649 | 80,089 | 65,089 | 95,805 | 50,675 | 45,175 | 49,395 | 49,395 | 49,395 | 49,580 | 16,130 | 14,245 | 10,070 | 10,070 | 7,450 | |
29/58 |
819,266 | 988,881 | 871,519 | 824,199 | 839,827 | 640,741 | 704,008 | 592,362 | 589,402 | 563,991 | 607,002 | 370,425 | 402,135 | 335,405 | 276,034 | 279,404 | 75,054 | |
29 |
- | - | - | - | 0 | 30,000 | 30,000 | 30,000 | 30,000 | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | 0 | 30,000 | 30,000 | 30,000 | 30,000 | - | - | - | - | - | - | - | - | |
40/41 |
652,919 | 741,117 | 680,215 | 504,419 | 683,327 | 456,183 | 490,952 | 432,101 | 475,444 | 468,246 | 590,896 | 337,006 | 320,806 | 307,697 | 212,144 | 253,811 | 67,086 | |
40 |
651,390 | 741,117 | 680,215 | 498,213 | 667,643 | 452,224 | 489,223 | 428,017 | 475,423 | 448,095 | 589,774 | 336,174 | 318,291 | 304,897 | 204,451 | 247,046 | 67,086 | |
41 |
1,529 | - | 0 | 6,206 | 15,684 | 3,959 | 1,729 | 4,084 | 21 | 20,151 | 1,122 | 832 | 2,516 | 2,800 | 7,694 | 6,765 | - | |
54/58 |
156,655 | 242,121 | 186,059 | 314,919 | 152,635 | 151,429 | 177,952 | 125,791 | 81,092 | 93,381 | 14,242 | 33,419 | 81,328 | 27,708 | 63,890 | 24,555 | 7,968 | |
490/1 |
9,692 | 5,643 | 5,246 | 4,861 | 3,865 | 3,129 | 5,105 | 4,470 | 2,866 | 2,363 | 1,864 | - | - | - | - | 1,038 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
1.1m | 1.3m | 1.2m | 1.1m | 1.1m | 806,862 | 784,831 | 685,795 | 685,642 | 668,389 | 679,518 | 420,005 | 418,265 | 349,650 | 286,104 | 289,474 | 82,504 | |
10/15 |
530,988 | 519,199 | 427,797 | 364,640 | 254,917 | 187,359 | 153,350 | 133,826 | 123,499 | 89,113 | 43,288 | 24,230 | 18,183 | 16,133 | 17,453 | 11,952 | 6,450 | |
10/11 |
80,200 | 80,200 | 80,200 | 80,200 | 80,200 | 66,200 | 66,200 | 66,200 | 65,200 | 64,100 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 66,200 | 66,200 | 65,200 | 64,100 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,880 | 1,880 | 1,880 | 1,880 | 1,880 | 1,880 | 1,880 | 1,880 | 1,880 | 1,880 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 250 | |
130/1 |
1,880 | 1,880 | 1,880 | 1,880 | 1,880 | 1,880 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,880 | 1,880 | 1,880 | 1,880 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 250 | |
1311 |
1,880 | 1,880 | 1,880 | 1,880 | 1,880 | 1,880 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
448,908 | 437,119 | 345,717 | 282,560 | 172,837 | 119,279 | 85,270 | 65,746 | 56,419 | 23,133 | 22,828 | 16,170 | 10,123 | 8,073 | 9,393 | 3,892 | - | |
16 |
- | - | - | - | - | 0 | 40,000 | 40,000 | 40,000 | 20,000 | 40,000 | 40,000 | - | - | - | - | - | |
160/5 |
- | - | - | - | - | 0 | 40,000 | 40,000 | 40,000 | 20,000 | 40,000 | 40,000 | - | - | - | - | - | |
163 |
- | - | - | - | - | 0 | 40,000 | 40,000 | 40,000 | 20,000 | - | - | - | - | - | - | - | |
17/49 |
522,659 | 745,126 | 742,895 | 747,691 | 879,156 | 619,503 | 591,482 | 511,969 | 522,143 | 559,276 | 596,230 | 355,775 | 400,082 | 333,518 | 268,651 | 277,522 | 76,053 | |
17 |
172,297 | 246,328 | 156,886 | 162,567 | 197,457 | 57,965 | 8,586 | 17,545 | 19,005 | 30,108 | 20,447 | - | - | - | - | - | - | |
170/4 |
172,297 | 246,328 | 156,886 | 162,567 | 197,457 | 57,965 | 8,586 | 17,545 | 19,005 | 30,108 | 20,447 | - | - | - | - | - | - | |
42/48 |
350,361 | 498,798 | 586,010 | 585,124 | 681,699 | 560,651 | 582,413 | 493,862 | 502,729 | 529,169 | 575,784 | 355,775 | 400,082 | 333,518 | 268,651 | 277,522 | 76,053 | |
42 |
74,030 | 75,757 | 53,780 | 51,818 | 47,769 | 35,617 | 16,851 | 21,760 | 11,868 | 12,404 | 5,995 | - | - | - | - | - | - | |
43 |
3,370 | 3,386 | 200,000 | 203,346 | 200,000 | 200,000 | 150,000 | 125,000 | 125,000 | - | - | - | - | - | - | - | - | |
430/8 |
3,370 | 3,386 | 200,000 | 203,346 | 200,000 | 200,000 | 150,000 | 125,000 | 125,000 | - | - | - | - | - | - | - | - | |
44 |
173,052 | 261,032 | 186,935 | 253,949 | 360,588 | 237,569 | 356,908 | 280,342 | 303,767 | 502,397 | 552,653 | 344,347 | 392,726 | 326,400 | 252,868 | 268,894 | 64,564 | |
440/4 |
173,052 | 261,032 | 186,935 | 253,949 | 360,588 | 237,569 | 356,908 | 280,342 | 303,767 | 502,397 | 552,653 | 344,347 | 392,726 | 326,400 | 252,868 | 268,894 | 64,564 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,975 | - | 2,000 | |
45 |
90,049 | 158,623 | 115,295 | 46,011 | 43,341 | 49,158 | 47,615 | 51,953 | 47,418 | 8,168 | 10,935 | 5,228 | 975 | - | 5,152 | 2,428 | 3,289 | |
450/3 |
34,723 | 107,343 | 92,291 | 39,154 | 28,843 | 40,241 | 25,201 | 36,753 | 38,665 | 5,904 | 10,935 | 4,065 | 509 | - | 5,152 | 2,428 | 3,289 | |
454/9 |
55,326 | 51,280 | 23,004 | 6,857 | 14,498 | 8,917 | 22,414 | 15,200 | 8,753 | 2,264 | - | 1,164 | 465 | - | - | - | - | |
47/48 |
9,860 | 0 | 30,000 | 30,000 | 30,000 | 38,307 | 11,039 | 14,806 | 14,676 | 6,200 | 6,200 | 6,200 | 6,382 | 7,117 | 6,656 | 6,200 | 6,200 | |
492/3 |
- | - | - | - | 0 | 887 | 483 | 563 | 409 | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||
76A |
175 | 0 | 4,149 | 3,893 | 34,998 | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
427,012 | 442,660 | 297,078 | 245,948 | 223,483 | 124,499 | 144,380 | 65,770 | 127,706 | 25,882 | 30,333 | 54,352 | 7,957 | 3,180 | 15,829 | 8,156 | 1,078 | |
62 |
323,065 | 235,400 | 96,029 | 21,167 | 91,385 | 46,873 | 48,871 | 5,291 | 13,285 | 18,714 | 12,540 | 6,306 | 4,294 | 4,477 | 6,800 | - | - | |
630 |
57,548 | 58,977 | 55,113 | 46,552 | 38,900 | 15,056 | 17,546 | 23,409 | 18,308 | 15,759 | 5,780 | - | - | - | - | - | - | |
631/4 |
- | - | 0 | -21,397 | -11,137 | 0 | 32,095 | 3,809 | 4,311 | - | -1,800 | - | 1,800 | - | - | - | - | |
635/8 |
- | - | - | - | 0 | -40,000 | - | - | 20,000 | -20,000 | - | 40,000 | - | - | - | - | - | |
640/8 |
4,612 | 6,303 | 3,097 | 2,289 | 10,150 | 6,219 | 7,441 | 2,444 | 3,604 | 6,209 | 4,947 | 348 | 348 | 366 | 372 | 348 | 391 | |
66A |
165 | 1,919 | - | - | 0 | 1,310 | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
41,622 | 140,061 | 142,839 | 197,336 | 94,185 | 95,040 | 38,426 | 30,818 | 68,197 | 5,200 | 8,866 | 7,699 | 1,515 | -1,663 | 8,656 | 7,808 | 687 | |
75/76B |
0 | 30 | 112 | 786 | 19 | 2,560 | 2,648 | 972 | 2,834 | 2,111 | 2,186 | 2,138 | 1,315 | 653 | 306 | 103 | 42 | |
75 |
0 | 30 | 112 | 786 | 19 | 2,560 | 2,648 | 972 | 2,834 | 2,111 | 2,186 | 2,138 | 1,315 | 653 | 306 | 103 | 42 | |
65/66B |
11,502 | 18,325 | 18,993 | 12,698 | 11,589 | 7,809 | 6,846 | 6,573 | 5,924 | 1,502 | 479 | 200 | 204 | 310 | 327 | 331 | 108 | |
65 |
11,502 | 18,325 | 18,993 | 12,698 | 11,589 | 7,809 | 6,846 | 6,573 | 5,924 | 1,502 | 479 | 200 | 204 | 310 | 327 | 331 | 108 | |
9903 |
30,120 | 121,766 | 123,958 | 185,425 | 82,615 | 89,792 | 34,228 | 25,217 | 65,107 | 5,809 | 10,572 | 9,637 | 2,626 | -1,320 | 8,635 | 7,580 | 622 | |
67/77 |
8,471 | 30,364 | 30,802 | 45,702 | -943 | 23,676 | 9,872 | 7,285 | 23,344 | 5,484 | 3,913 | 3,590 | 576 | - | 3,135 | 2,078 | 371 | |
9904 |
21,648 | 91,402 | 93,157 | 139,723 | 83,558 | 66,116 | 24,356 | 17,932 | 41,762 | 325 | 6,658 | 6,047 | 2,050 | -1,320 | 5,501 | 5,502 | 250 | |
9905 |
21,648 | 91,402 | 93,157 | 139,723 | 83,558 | 66,116 | 24,356 | 17,932 | 41,762 | 325 | 6,658 | 6,047 | 2,050 | -1,320 | 5,501 | 5,502 | 250 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
458,768 | 437,119 | 375,717 | 312,560 | 202,837 | 151,386 | 90,102 | 74,352 | 64,895 | 23,153 | 22,828 | 16,170 | 10,123 | 8,073 | 9,393 | 5,502 | 250 | |
14P |
437,119 | 345,717 | 282,560 | 172,837 | 119,279 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 20 | - | - | - | - | - | 1,610 | 250 | |
6920 |
- | - | - | - | - | - | - | - | - | 20 | - | - | - | - | - | 1,610 | 250 | |
694/7 |
9,860 | 0 | 30,000 | 30,000 | 30,000 | 32,107 | 4,832 | 8,606 | 8,476 | - | - | - | - | - | - | - | - | |
694 |
9,860 | 0 | 30,000 | 30,000 | 30,000 | 30,000 | - | 8,606 | 8,476 | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | 0 | 2,107 | 4,832 | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
6.7 | 5.8 | 3.3 | 0.9 | 2.9 | 1.2 | 2.1 | 0.3 | 0.3 | 1 | - | - | - | - | - | - | - | |
Hours worked1013 |
11,631 | 10,045 | 5,143 | 1,501 | 4,442 | 2,515 | 2,971 | 411 | 826 | 1,690 | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 29 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 10-07-2026 | 2026-00285904 | |
| 31-12-2024 | full format | 18-07-2025 | 2025-00294571 | |
| 31-12-2023 | full format | 17-06-2024 | 2024-00138548 | |
| 31-12-2022 | full format | 28-06-2023 | 2023-00176496 | |
| 31-12-2021 | full format | 20-07-2022 | 2022-20214430 | |
| 31-12-2020 | full format | 29-06-2021 | 2021-27400121 | |
| 31-12-2019 | full format | 31-08-2020 | 2020-48600377 | |
| 31-12-2018 | full format | 02-07-2019 | 2019-27700092 | |
| 31-12-2017 | full format | 07-06-2018 | 2018-16700176 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-54200172 | |
| 31-12-2015 | full format | 29-06-2016 | 2016-24800389 | |
| 31-12-2014 | full format | 24-08-2015 | 2015-46200484 | |
| 31-12-2013 | full format | 09-07-2014 | 2014-30200539 | |
| 31-12-2012 | full format | 09-07-2013 | 2013-27700514 | |
| 31-12-2011 | full format | 20-07-2012 | 2012-31800194 | |
| 31-12-2010 | full format | 29-06-2011 | 2011-22600069 | |
| 31-12-2009 | full format | 25-06-2010 | 2010-21200300 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 99,170 | 199,038 | 197,952 | 243,888 | 133,084 | 110,096 | 55,972 | 54,227 | 86,505 | 20,959 | 14,646 | - | - | - | - | - | - | ||
| 79,196 | 150,379 | 148,270 | 186,275 | 122,457 | 81,172 | 41,902 | 41,341 | 60,070 | 16,084 | 12,439 | - | - | - | - | - | - | ||
| 20,735 | 45,216 | 66,154 | 40,438 | 237,326 | 105,595 | 42,566 | 24,822 | 10,149 | 47,642 | 28,901 | 33,450 | 4,785 | 4,175 | - | 2,620 | 7,450 | ||
| -85,466 | 56,062 | -128,860 | 162,284 | 1,206 | -26,523 | 52,161 | 44,699 | -12,289 | 79,139 | -19,177 | -47,909 | 53,620 | -36,182 | 39,334 | 16,588 | - | ||
| 468,904 | 490,083 | 285,510 | 239,075 | 158,129 | 80,090 | 121,596 | 98,500 | 86,673 | 34,822 | 31,219 | 14,650 | 2,053 | 1,888 | 7,383 | 1,882 | -1,000 | ||
| 50.4% | 41.1% | 36.5% | 32.8% | 22.5% | 23.2% | 19.5% | 19.5% | 18.0% | 13.3% | 6.4% | 5.8% | 4.3% | 4.6% | 6.1% | 4.1% | 7.8% | ||
| 2.34 | 1.98 | 1.49 | 1.41 | 1.23 | 1.14 | 1.21 | 1.20 | 1.17 | 1.07 | 1.05 | 1.04 | 1.01 | 1.01 | 1.03 | 1.01 | 0.99 | ||
| 0.98 | 1.44 | 1.74 | 2.05 | 3.45 | 3.31 | 3.86 | 3.83 | 4.23 | 6.28 | 13.77 | 14.68 | 22.00 | 20.67 | 15.39 | 23.22 | 11.79 | ||
| 4.1% | 17.6% | 21.8% | 38.3% | 32.8% | 35.3% | 15.9% | 13.4% | 33.8% | 0.4% | 15.4% | 25.0% | 11.3% | -8.2% | 31.5% | 46.0% | 3.9% | ||
| 2.1% | 7.2% | 8.0% | 12.6% | 7.4% | 8.2% | 3.1% | 2.6% | 6.1% | 0.0% | 1.0% | 1.4% | 0.5% | -0.4% | 1.9% | 1.9% | 0.3% | ||
| 8.62 | 10.86 | 10.42 | 19.21 | 11.48 | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 7 | 5 | 3 | 4 |
| full-time | 7 | 7 | 5 | 3 | 2 |
| part-time | 0 | 0 | 0 | 0 | 2 |
| in full-time equivalents | 7 | 7 | 5 | 3 | 3 |
| 6.7 | 5.8 | 3.3 | 0.9 | 2.9 | |
| On a permanent contract | 5 | 4 | - | 1 | - |
| Joined | 4 | 9 | 11 | 5 | 11 |
| Left | 4 | 7 | 9 | 8 | 11 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €246,328 | €322,084 | €236,784 | €242,251 | €246,561 |
| €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | |
| Pledge on other assets, amount secured | €0 | €0 | €7,522 | €12,745 | €17,969 |
| Carrying value of the other pledged assets | €0 | €0 | €7,522 | €12,745 | €17,969 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €10,735 | €38,505 | €5,031 | €22,141 | €217,252 |
| Intangible fixed assets | €10,000 | €6,711 | €55,563 | €3,297 | €3,931 |
| Financial fixed assets | - | - | €5,560 | €15,000 | €16,144 |
| €57,548 | €58,977 | €55,113 | €46,552 | €38,900 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 70% lower than in 2024 and the lowest since 2019. It is the third fall in a row.
Debt's share of the balance-sheet total falls from 58.9% to 49.6%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2022 accounts. Every holding stands with its own latest accounts.
| PROMAN LEM
establishment since 29-03-2021 · founded in 1991 |
847 FTE (2025) 0445.252.566 |
| NAS Consulting
establishment since 21-06-2005 · founded in 2005 |
total assets €277,867 (2025) 0874.861.311 |
| POLY'ART
registered office since 09-02-1990 · founded in 1990 |
turnover €143,175 (2025) 0439.592.617 |
| ARCEA
registered office since 20-01-2003 · founded in 2003 |
total assets €88,610 (2025) 0479.303.625 |
| AFRICA EMOTIONS
establishment since 21-04-2017 · founded in 2017 |
total assets €36,634 (2026) 0674.722.397 |
| BSTRX DIGITAL
establishment since 03-06-2026 · founded in 2025 |
total assets €32,209 (2025) 1019.952.624 |
| LES JARDINS DE BOUSSU
registered office since 27-06-2024 · founded in 2024 |
total assets €12,366 (2025) 1010.820.865 |
| Stolnicu, Alexandra (sole trader)
establishment since 18-11-2021 |
founded in 2021 0777.385.219 |
| RELAIS SOCIAL URBAIN DE MONS BORINAGE
establishment since 01-06-2020 |
founded in 2005 0871.245.684 |
| Glogowski, Delphine (sole trader)
establishment since 02-01-2016 |
founded in 2016 0644.772.856 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Chaussée de Binche 30 registered office 7000 Mons | ||
| Chaussée de Binche 28 7000 Mons | 01-02-2009 | 2.175.866.980 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 53405C0061/00F002 | 948 m² | 1 · 159 m² | 13.2 m · 4 |
| 53405C0059/00B002 | 606 m² | 1 · 55 m² | 7.3 m · 2 |
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