ARCHEL
ActiveSummary
ARCHEL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139,096 and a net result of €28,884. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
What they do
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222NACE 45331
#6 oldest company in Chastre, Construction sector1 site
How big
€147,956total assets 2025
- Equity
- €139,096
- Profit
- €28,884
Turnover not published (abridged schema)
Who decides
Accounts filed 11 d late
Why 91- Higher-failure-rate sector- Higher-failure-rate region+ Long track record+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+30
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 16.55 against 7.14 in 2024; short-term debt: 6% and cash: 82.1% of total assets), and 6% of the assets are financed with debt.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94%
Return on assets
19.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
31 d early
2023
20 d late
2022
3 d early
2021
8 d late
2020
4 d late
2019
67 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 8 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 8 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €28,884
- Liquidity doublescurrent ratio 16.55
Financials
Fiscal year 2025Total assets €147,956Profit €28,884Solvency 94.0%Liquidity 16.55
Total assets
€147,956▲ 17.2%
2018 - 2025
Net result
€28,884
2018 - 2025
Equity
€139,096▲ 26.2%
2018 - 2025
Solvency
94.0%▲ 6.7pp
2018 - 2025
Financials · fiscal year 2025, micro schema
In the rankings
#6 oldest company in Chastre, Construction sector#8 company by equity in Chastre, Construction sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€41,320▲ 14.4%€6,660▼ 83.9%€26,947▲ 305%-€5,354€43,084
Net result€25,599within the sector's middle half▲ 3.9%€3,984within the sector's middle half▼ 84.4%€17,330within the sector's middle half▲ 335%-€5,356below the sector's middle half€28,884within the sector's middle half
Equity€94,255within the sector's middle half▲ 35.7%€98,239within the sector's middle half▲ 4.2%€115,568within the sector's middle half▲ 17.6%€110,212within the sector's middle half▼ 4.6%€139,096above the sector's middle half▲ 26.2%
Total assets€142,904within the sector's middle half▲ 28.4%€132,968within the sector's middle half▼ 7.0%€146,859within the sector's middle half▲ 10.4%€126,275within the sector's middle half▼ 14.0%€147,956within the sector's middle half▲ 17.2%
Debt€48,650▲ 16.3%€34,729▼ 28.6%€31,291▼ 9.9%€16,063▼ 48.7%€8,860▼ 44.8%
Working capital€52,774within the sector's middle half▲ 27.0%€61,540within the sector's middle half▲ 16.6%€88,405within the sector's middle half▲ 43.7%€98,664above the sector's middle half▲ 11.6%€137,800above the sector's middle half▲ 39.7%
Solvency66.0%above the sector's middle half▲ 3.5pp73.9%above the sector's middle half▲ 7.9pp78.7%above the sector's middle half▲ 4.8pp87.3%above the sector's middle half▲ 8.6pp94.0%above the sector's middle half▲ 6.7pp
Current ratio2.71within the sector's middle half▼ 0.343.17above the sector's middle half▲ 0.473.83above the sector's middle half▲ 0.657.14above the sector's middle half▲ 3.3216.55above the sector's middle half▲ 9.41
Return on assets (ROA)17.9%above the sector's middle half▼ 4.2pp3.0%within the sector's middle half▼ 14.9pp11.8%within the sector's middle half▲ 8.8pp-4.2%below the sector's middle half▼ 16.0pp19.5%above the sector's middle half▲ 23.8pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €43,084 after a loss of €5,354 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147,956
Fixed assets
€1,296 ▼ 88.8%
Current assets
€146,660 ▲ 27.8%
Equity and liabilities €147,956
Equity
€139,096 ▲ 26.2%
Debt
€8,860 ▼ 44.8%
Debt's share of the balance-sheet total falls from 12.7% to 6.0%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€53,336▲
2024 · €10,262
Cash flow
€39,135▲
2024 · €10,260
Quick ratio
16.38▲
2024 · 7.02
Debt to equity
0.06▼
2024 · 0.15
ROE
20.8%▲
2024 · -4.9%
Interest coverage
352.77▲
2024 · 37.42
Debt ≤ 1 year
€8,860▼
2024 · €16,063
Income taxes
€14,653▲
2024 · €134
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,341 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% | 1.8% |
| 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 31,371 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,913 | €16,074 | €15,956 | €15,616 | €10,252 | ▼ 34.4% |
| Other operating charges640/8 | €1,105 | €948 | €2,307 | €1,136 | €1,035 | ▼ 8.9% |
| Gross operating margin9900 | €57,338 | €23,682 | €45,210 | €11,398 | €54,370 | ▲ 377% |
| Operating profit (loss)9901 | €41,320 | €6,660 | €26,947 | -€5,354 | €43,084 | ▲ 905% |
| Financial income75/76B | €88 | - | €124 | €406 | €604 | ▲ 48.8% |
| Recurring financial income75 | €88 | - | €124 | €406 | €604 | ▲ 48.8% |
| Financial charges65/66B | €842 | €555 | €401 | €274 | €151 | ▼ 44.9% |
| Recurring financial charges65 | €842 | €555 | €401 | €274 | €151 | ▼ 44.9% |
| Profit (loss) for the period before taxes9903 | €40,566 | €6,106 | €26,671 | -€5,222 | €43,537 | ▲ 934% |
| Income taxes67/77 | €14,967 | €2,122 | €9,342 | €134 | €14,653 | ▲ 10,817% |
| Profit (loss) for the period9904 | €25,599 | €3,984 | €17,330 | -€5,356 | €28,884 | ▲ 639% |
| Transfer from tax-exempt reserves789 | €7,112 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €32,711 | €3,984 | €17,330 | -€5,356 | €28,884 | ▲ 639% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €142,904 | €132,968 | €146,859 | €126,275 | €147,956 | ▲ 17.2% |
| Fixed assets21/28 | €59,194 | €43,120 | €27,164 | €11,548 | €1,296 | ▼ 88.8% |
| Tangible fixed assets22/27 | €59,194 | €43,120 | €27,164 | €11,548 | €1,296 | ▼ 88.8% |
| Plant, machinery and equipment23 | €118 | - | - | - | - | - |
| Furniture and vehicles24 | €59,076 | €43,120 | €27,164 | €11,548 | €1,296 | ▼ 88.8% |
| Current assets29/58 | €83,711 | €89,849 | €119,696 | €114,727 | €146,660 | ▲ 27.8% |
| Stocks and contracts in progress3 | €1,100 | €3,000 | €1,700 | €2,000 | €1,500 | ▼ 25.0% |
| Stocks30/36 | €1,100 | €3,000 | €1,700 | €2,000 | €1,500 | ▼ 25.0% |
| Amounts receivable within one year40/41 | €24,520 | €17,544 | €36,445 | €41,844 | €19,219 | ▼ 54.1% |
| Trade receivables40 | €20,883 | €14,990 | €28,048 | €25,878 | €11,114 | ▼ 57.0% |
| Other amounts receivable41 | €3,637 | €2,555 | €8,397 | €15,967 | €8,105 | ▼ 49.2% |
| Cash at bank and in hand54/58 | €55,638 | €60,285 | €78,471 | €68,988 | €121,530 | ▲ 76.2% |
| Deferred charges and accrued income490/1 | €2,453 | €9,019 | €3,079 | €1,895 | €4,410 | ▲ 133% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €142,904 | €132,968 | €146,859 | €126,275 | €147,956 | ▲ 17.2% |
| Equity10/15 | €94,255 | €98,239 | €115,568 | €110,212 | €139,096 | ▲ 26.2% |
| Contributions10/11 | €18,600 | €18,600 | €20,459 | €20,459 | €20,459 | = |
| Reserves13 | €62,502 | €66,002 | €81,143 | €81,143 | €109,643 | ▲ 35.1% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €60,643 | €64,143 | €81,143 | €81,143 | €109,643 | ▲ 35.1% |
| Profit (loss) carried forward14 | €13,153 | €13,637 | €13,967 | €8,610 | €8,994 | ▲ 4.5% |
| Amounts payable17/49 | €48,650 | €34,729 | €31,291 | €16,063 | €8,860 | ▼ 44.8% |
| Amounts payable after more than one year17 | €17,713 | €6,021 | - | - | - | - |
| Financial debts170/4 | €17,713 | €6,021 | - | - | - | - |
| Amounts payable within one year42/48 | €30,937 | €28,308 | €31,291 | €16,063 | €8,860 | ▼ 44.8% |
| Current portion of amounts payable after more than one year42 | €13,281 | €13,389 | €7,609 | - | - | - |
| Trade debts44 | €11,842 | €11,467 | €13,685 | €6,983 | €4,545 | ▼ 34.9% |
| Suppliers440/4 | €11,842 | €11,467 | €13,685 | €6,983 | €4,545 | ▼ 34.9% |
| Taxes, remuneration and social security45 | €1,565 | €306 | €287 | €232 | €158 | ▼ 31.9% |
| Taxes450/3 | €1,565 | €306 | €287 | €232 | €158 | ▼ 31.9% |
| Other amounts payable47/48 | €4,248 | €3,146 | €9,710 | €8,848 | €4,157 | ▼ 53.0% |
| Accrued charges and deferred income492/3 | - | €400 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,599 | €3,984 | €17,330 | -€5,356 | €28,884 | ▲ 639% |
| + Depreciation and write-downs630 | €14,913 | €16,074 | €15,956 | €15,616 | €10,252 | ▼ 34.4% |
| Operating cash flow (approximation) | €40,512 | €20,058 | €33,285 | €10,260 | €39,135 | ▲ 281% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €4,647 | €18,186 | -€9,483 | €52,543 | ▲ 654% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
BTI SERVICE
BE 0794.392.485
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Minnen Sanitair en Centrale Verwarming
BE 0441.305.557
Lubbeek · Eq €138,984
CUYVERS KLIMAATBEHEERSING
BE 0735.909.603
Lommel · Eq €138,977
MHTechniek
BE 0422.827.453
Hasselt · Eq €138,922
VAN ESPEN MARC
BE 0462.518.764
Heist-op-den-Berg · Eq €139,324
Of 9,531 companies in this sector we hold annual accounts for 5,666. 4,913 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 11-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Back to profitnet €28,884
Net result €28,884 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 16.55
Current ratio from 7.14 to 16.55; short-term debt falls from €16,063 to €8,860.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Equity above €100,000Eq €115,568 ▲17.6%
5 profitable years in a row build equity to €115,568.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €17,395
Net result €17,395 after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Company details
Private limited company · founded 12-09-1991Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded12-09-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445218815
Also
9925:BE0445218815
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Chastre · 1 establishment unit since 1992
Ground area
2,536 m²
Building footprint
195 m²
Volume, LiDAR
687 m³
Parcel 25017B0235/00F000, Wallonia · tallest building 4.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ARCHEL SPRL
since 1992unit no. 2.055.798.105
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25017B0235/00F000 | Wallonia | 2,536 m² | 1 · 194 m² | 4.8 m · 1 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.
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 trust this company with building work?Contractor check 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
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