Skip to content

ARCELIS

Active
Private limited company (pre-2019)founded 198838 yrs activeStedestraat 51, 8530 Harelbeke, BelgiumKBO/BCE: BE 0434.296.714
Summary

ARCELIS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€42,177) and a net result of -€8,052. Equity is shrinking by ~46.1% per year across the filed fiscal years. Its solvency ranks better than 11% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▼-6
Solvency18▼-2
Growth32=
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 0.97 against 0.97 in 2024; short-term debt: 102.9% and cash: 60.5% of total assets), and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 38 years 0 40 y
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 2025
Solvency, return and age of the figures
Solvency
-7%
Return on assets
-1.3%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€42,177
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-03-2026, 50 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
50 d early
2024
8 d early
2023
57 d early
2022
34 d early
2021
1 d early
2020
on the day
2019
2 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 22 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 18 May 1988, ARCELIS was incorporated.1 Total assets went from EUR 1.3 million in 2018 to EUR 605,251 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity
-€42,177▼ 23.6%
2024 · -€34,125
Total assets
€605,251▼ 13.6%
2024 · €700,442
Net result
-€8,052
2024 · €7,902
Working capital
-€17,577▲ 19.5%
2024 · -€21,825
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Operating result€291,578-€19,158-€96,056▼ 401%€20,796€4,696▼ 77.4%
Net result€234,120above the sector's middle half-€42,051below the sector's middle half-€114,406below the sector's middle half▼ 172%€7,902within the sector's middle half-€8,052within the sector's middle half
Equity€114,429within the sector's middle half▼ 36.5%€72,379below the sector's middle half▼ 36.7%-€42,027below the sector's middle half-€34,125below the sector's middle half▲ 18.8%-€42,177below the sector's middle half▼ 23.6%
Total assets€1.6mwithin the sector's middle half▼ 14.3%€1.0mwithin the sector's middle half▼ 38.3%€588,496below the sector's middle half▼ 42.0%€700,442within the sector's middle half▲ 19.0%€605,251within the sector's middle half▼ 13.6%
Debt€1.5m▼ 12.0%€942,953▼ 38.4%€630,523▼ 33.1%€734,567▲ 16.5%€647,428▼ 11.9%
Working capital€681,409▼ 20.8%€374,921▼ 45.0%-€29,727-€21,825▲ 26.6%-€17,577▲ 19.5%
Solvency7.0%below the sector's middle half▼ 2.4pp7.1%below the sector's middle half▲ 0.2pp-7.1%below the sector's middle half▼ 14.3pp-4.9%below the sector's middle half▲ 2.3pp-7.0%below the sector's middle half▼ 2.1pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000Operating result 2021: €291,578€291,578Net result 2021: €234,120€234,120Operating result 2022: -€19,158-€19,158Net result 2022: -€42,051-€42,051Operating result 2023: -€96,056-€96,056Net result 2023: -€114,406-€114,406Operating result 2024: €20,796€20,796Net result 2024: €7,902€7,902Operating result 2025: €4,696€4,696Net result 2025: -€8,052-€8,05220212022202320242025-€150,000-€100,000-€50,000€0Operating result 2023: -€96,056-€96,100Net result 2023: -€114,406-€114,000Operating result 2024: €20,796€20,800Net result 2024: €7,902€7,900Operating result 2025: €4,696€4,700Net result 2025: -€8,052-€8,050202320242025
The operating result falls in 2025; 2025 is 77% below 2024.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.97▲
2024 · 0.97
Debt to equity
-15.35▲
2024 · -21.53
ROA
-1.3%▼
2024 · 1.1%
Debt ≤ 1 year
€622,828▼
2024 · €722,267
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,242 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 93% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a small loss
1.7% went bankrupt
3.9% stopped otherwise
93% still going

A further 1.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 1,242 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€700,442€605,251▼
Current assets29/58€700,442€605,251▼
Stocks and contracts in progress3€21,016€0▼
Stocks30/36€21,016€0▼
Amounts receivable within one year40/41€310,478€237,715▼
Trade receivables40€154,620€81,675▼
Other amounts receivable41€155,858€156,040▲
Cash at bank and in hand54/58€368,037€366,431▼
Deferred charges and accrued income490/1€911€1,106▲
Equity and liabilities
Total equity and liabilities10/49€700,442€605,251▼
Equity10/15-€34,125-€42,177▼
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14-€54,585-€62,637▼
Amounts payable17/49€734,567€647,428▼
Amounts payable within one year42/48€722,267€622,828▼
Trade debts44€76,817€7,514▼
Suppliers440/4€76,817€7,514▼
Taxes, remuneration and social security45€30,450€314▼
Taxes450/3€30,450€314▼
Other amounts payable47/48€615,000€615,000=
Accrued charges and deferred income492/3€12,300€24,600▲
Income statement Code20242025
Other operating charges640/8€17,620€1,094▼
Gross operating margin9900€38,416€5,790▼
Operating profit (loss)9901€20,796€4,696▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€12,894€12,748▼
Recurring financial charges65€12,894€12,748▼
Profit (loss) for the period before taxes9903€7,902-€8,052▼
Profit (loss) for the period9904€7,902-€8,052▼
Profit (loss) for the period to be appropriated9905€7,902-€8,052▼
Appropriation of the result
Profit (loss) to be appropriated9906-€54,585-€62,637▼
Profit (loss) brought forward from the previous period14P-€62,487-€54,585▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€11,739€4,798€6,670€17,620€1,094▼ 93.8%
Gross operating margin9900€303,316-€14,360-€89,386€38,416€5,790▼ 84.9%
Operating profit (loss)9901€291,578-€19,158-€96,056€20,796€4,696▼ 77.4%
Financial income75/76B€41,856€2,429€0€0€0▼ 100%
Recurring financial income75€41,856€2,429€0€0€0▼ 100%
Financial charges65/66B€30,328€25,322€18,350€12,894€12,748▼ 1.1%
Recurring financial charges65€30,328€25,322€18,350€12,894€12,748▼ 1.1%
Profit (loss) for the period before taxes9903€303,106-€42,051-€114,406€7,902-€8,052▼ 202%
Income taxes67/77€68,985€0----
Profit (loss) for the period9904€234,120-€42,051-€114,406€7,902-€8,052▼ 202%
Profit (loss) for the period to be appropriated9905€234,120-€42,051-€114,406€7,902-€8,052▼ 202%
Line20212022202320242025Change
Assets
Total assets20/58€1.6m€1.0m€588,496€700,442€605,251▼ 13.6%
Current assets29/58€1.6m€1.0m€588,496€700,442€605,251▼ 13.6%
Stocks and contracts in progress3€1.0m€798,952€447,588€21,016€0▼ 100%
Stocks30/36€1.0m€798,952€447,588€21,016€0▼ 100%
Amounts receivable within one year40/41€444,803€57,711€10,211€310,478€237,715▼ 23.4%
Trade receivables40€60,000€47,500€0€154,620€81,675▼ 47.2%
Other amounts receivable41€384,803€10,211€10,211€155,858€156,040▲ 0.1%
Cash at bank and in hand54/58€179,318€157,262€129,073€368,037€366,431▼ 0.4%
Deferred charges and accrued income490/1-€1,406€1,624€911€1,106▲ 21.4%
Equity and liabilities
Total equity and liabilities10/49€1.6m€1.0m€588,496€700,442€605,251▼ 13.6%
Equity10/15€114,429€72,379-€42,027-€34,125-€42,177▼ 23.6%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€93,969€51,919-€62,487-€54,585-€62,637▼ 14.8%
Amounts payable17/49€1.5m€942,953€630,523€734,567€647,428▼ 11.9%
Amounts payable after more than one year17€547,000€290,000€0---
Financial debts170/4€547,000€290,000€0---
Amounts payable within one year42/48€964,696€640,411€618,223€722,267€622,828▼ 13.8%
Trade debts44€32,009€24,894€2,700€76,817€7,514▼ 90.2%
Suppliers440/4€32,009€24,894€2,700€76,817€7,514▼ 90.2%
Taxes, remuneration and social security45€22,687€517€523€30,450€314▼ 99.0%
Taxes450/3€22,687€517€523€30,450€314▼ 99.0%
Other amounts payable47/48€910,000€615,000€615,000€615,000€615,000=
Accrued charges and deferred income492/3€19,980€12,542€12,300€12,300€24,600▲ 100%
Line20212022202320242025Change
Profit (loss) for the period9904€234,120-€42,051-€114,406€7,902-€8,052▼ 202%
Operating cash flow (approximation)€234,120-€42,051-€114,406€7,902-€8,052▼ 202%
Change in cash--€22,056-€28,190€238,965-€1,606▼ 101%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
11-03
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-04
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial Back to profitnet €7,902
Net result €7,902 after 2 loss-making years.
04-03
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial Weakest financial yearnet -€114,406
Net result drops to -€114,406, the lowest in the series; recovery starts the following year.
27-03
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial Back to profitnet €234,120
Net result €234,120 after one loss-making year.
30-04
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-04
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial Equity above €200,000Eq €214,259 ▲22.3%
2 profitable years in a row build equity to €214,259.
03-04
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-04
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-04
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Harelbeke · 1 establishment unit since 1988
seat establishment The establishment unit on the map
Ground area
1.7 ha
Building footprint
1,745 m²
Volume, LiDAR
8,822 m³
Parcel 34323D0008/00X002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
54 companies at this address See who is registered here
1 establishment unit
ARCELIS
Stedestraat 51, 8530 HarelbekeReal estate development
since 19882.039.586.930
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34323D0008/00X002 Flanders 1.7 ha 1 · 1,745 m² 10.3 m · 2 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. ARBORATOR 100%
  2. ARCELIS

Highest known parent: ARBORATOR. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,224 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded18-05-1988
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
43230Insulation installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0434296714
Registered 02-09-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.