ARCHIPEL
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 30 days after the deadline Filed on 2 March 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00048065.
Annual accounts 2025 filed on 02-03-2026 PDF all 40 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,355, larger than the loss of €1,084 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €1,173 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,882 | €4,753 | €4,075 | €3,937 | €3,783 | €3,272 | €3,168 | ▼ 3.2% |
| Other operating charges640/8 | - | - | - | €568 | €568 | €586 | €612 | ▲ 4.5% |
| Gross operating margin9900 | €4,290 | €2,747 | €1,247 | €2,985 | €2,562 | €2,774 | €2,425 | ▼ 12.6% |
| Operating profit (loss)9901 | -€1,159 | -€2,226 | -€3,570 | -€1,519 | -€1,788 | -€1,084 | -€1,355 | ▼ 24.9% |
| Financial charges65/66B | - | - | - | €152 | €170 | €163 | €163 | = |
| Recurring financial charges65 | €141 | €149 | €87 | €152 | €170 | €163 | €163 | = |
| Profit (loss) for the period before taxes9903 | -€1,301 | -€2,375 | -€3,656 | -€1,671 | -€1,958 | -€1,248 | -€1,518 | ▼ 21.6% |
| Profit (loss) for the period9904 | -€1,301 | -€2,375 | -€3,656 | -€1,671 | -€1,958 | -€1,248 | -€1,518 | ▼ 21.6% |
| Profit (loss) for the period to be appropriated9905 | -€1,301 | -€2,375 | -€3,656 | -€1,671 | -€1,958 | -€1,248 | -€1,518 | ▼ 21.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €59,849 | €57,474 | €55,981 | €52,719 | €50,887 | €47,827 | €47,719 | ▼ 0.2% |
| Fixed assets21/28 | €48,742 | €43,989 | €39,914 | €35,977 | €32,194 | €28,922 | €25,754 | ▼ 11.0% |
| Tangible fixed assets22/27 | €48,742 | €43,989 | €39,914 | €35,977 | €32,194 | €28,922 | €25,754 | ▼ 11.0% |
| Land and buildings22 | - | - | - | €35,977 | €32,194 | €28,922 | €25,754 | ▼ 11.0% |
| Current assets29/58 | €11,107 | €13,485 | €16,067 | €16,743 | €18,693 | €18,906 | €21,966 | ▲ 16.2% |
| Amounts receivable within one year40/41 | - | - | - | €1,143 | €1,143 | €1,143 | - | - |
| Other amounts receivable41 | - | - | - | €1,143 | €1,143 | €1,143 | - | - |
| Cash at bank and in hand54/58 | €10,933 | €13,311 | €15,894 | €15,426 | €17,376 | €15,800 | €21,966 | ▲ 39.0% |
| Deferred charges and accrued income490/1 | - | - | - | €174 | €174 | €1,963 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €59,849 | €57,474 | €55,981 | €52,719 | €50,887 | €47,827 | €47,719 | ▼ 0.2% |
| Equity10/15 | €58,516 | €56,141 | €52,485 | €50,813 | €48,855 | €47,607 | €46,089 | ▼ 3.2% |
| Contributions10/11 | €18,840 | €18,840 | - | €18,840 | €18,840 | €18,840 | €18,840 | = |
| Reserves13 | €31,139 | €31,139 | €31,139 | €31,139 | €26,884 | €26,884 | €26,884 | = |
| Non-distributable reserves130/1 | - | - | - | €1,884 | €1,884 | €1,884 | €1,884 | = |
| Reserves not available under the articles1311 | - | - | - | €1,884 | €1,884 | €1,884 | €1,884 | = |
| Distributable reserves133 | - | - | - | €29,255 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | €8,537 | €6,162 | €2,506 | €834 | €3,131 | €1,883 | €366 | ▼ 80.6% |
| Amounts payable17/49 | €1,333 | €1,333 | €3,496 | €1,906 | €2,032 | €220 | €1,630 | ▲ 641% |
| Amounts payable within one year42/48 | €1,333 | €1,333 | €1,808 | €333 | €284 | €220 | €1,430 | ▲ 550% |
| Trade debts44 | - | - | €475 | - | €284 | €220 | €525 | ▲ 139% |
| Suppliers440/4 | - | - | - | - | €284 | €220 | €525 | ▲ 139% |
| Other amounts payable47/48 | - | - | - | €333 | - | - | €905 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,573 | €1,748 | - | €200 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,301 | -€2,375 | -€3,656 | -€1,671 | -€1,958 | -€1,248 | -€1,518 | ▼ 21.6% |
| + Depreciation and write-downs630 | €4,882 | €4,753 | €4,075 | €3,937 | €3,783 | €3,272 | €3,168 | ▼ 3.2% |
| Operating cash flow (approximation) | €3,581 | €2,378 | €419 | €2,265 | €1,825 | €2,024 | €1,650 | ▼ 18.5% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,378 | €2,583 | -€468 | €1,950 | -€1,576 | €6,165 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as ARCHIPEL has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARCHIPEL itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 12,322 companies, not a prediction for ARCHIPEL. 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.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-03-2026 | 2026-00048065 | |
| 30-06-2024 | micro format | 19-02-2025 | 2025-00037601 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00023859 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00018679 | |
| 30-06-2021 | micro format | 01-02-2022 | 2022-04200072 | |
| 30-06-2020 | micro format | 05-03-2021 | 2021-07000112 | |
| 30-06-2019 | micro format | 21-02-2020 | 2020-05400248 | |
| 30-06-2018 | micro format | 07-02-2019 | 2019-04700508 | |
| 30-06-2017 | micro format | 27-10-2017 | 2017-68000048 | |
| 30-06-2016 | full format | 28-12-2016 | 2016-71700491 |