ARCHIPELAGO ARCHITECTS
ActiveARCHIPELAGO ARCHITECTS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.77M and a net result of €1.24M. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 80% of 728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+3
Solvency98▼-2
Growth72▲+1
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity short (current ratio 0.81 against 1.33 in 2024; short-term debt: 27.2% and cash: 13.3% of total assets), and 27.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
72.8%
Return on assets
11.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €7.77M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
8 d late
2023
22 d early
2022
18 d early
2021
6 d early
2020
5 d late
2019
8 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€14.47M▲ 11.4%
2024 · €12.99M
2019: €8.93M
2020: €9.29M
2021: €11.05M
2022: €11.04M
2023: €11.83M
2024: €12.99M
2019 → 2025
EBIT margin
2.5%▼ 0.7pp
2024 · 3.2%
2019: 4.3%
2020: 3.5%
2021: 6.5%
2022: 2.8%
2023: 3.1%
2024: 3.2%
2019 → 2025
Net result
€1.24M▲ 20.1%
2024 · €1.03M
2018: €788k
2019: €815k
2020: €971k
2021: €820k
2022: €764k
2023: €784k
2024: €1.03M
2018 → 2025
Working capital
€-545k
2024 · €644k
2018: €102k
2019: €-67k
2020: €266k
2021: €437k
2022: €500k
2023: €433k
2024: €644k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.05M-€11.04M▼ 0.1%€11.83M▲ 7.2%€12.99M▲ 9.8%€14.47M▲ 11.4%
Equity€6.95M-€6.97M▲ 0.2%€7.00M▲ 0.5%€7.28M▲ 4.0%€7.77M▲ 6.7%
Operating result€719k-€308k▼ 57.1%€362k▲ 17.2%€422k▲ 16.7%€369k▼ 12.6%
Net result€820k-€764k▼ 6.8%€784k▲ 2.6%€1.03M▲ 31.2%€1.24M▲ 20.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.67M
Fixed assets
€8.31M▲ 25.3%
Current assets
€2.36M▼ 9.4%
Equity and liabilities €10.67M
Equity
€7.77M▲ 6.7%
Debt
€2.90M▲ 48.2%
The debt ratio rises from 21.2% to 27.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€851k▲
2024 · €520k
Cash flow
€1.72M▲
2024 · €1.13M
Solvency
72.8%▼
2024 · 78.8%
Current ratio
0.81▼
2024 · 1.33
Quick ratio
0.81▼
2024 · 1.33
Debt / equity
0.37▲
2024 · 0.27
ROE
15.9%▲
2024 · 14.1%
ROA
11.6%▲
2024 · 11.1%
Interest coverage
37.10▲
2024 · 25.89
Debt
€2.90M▲
2024 · €1.96M
Debt ≤ 1 year
€2.90M▲
2024 · €1.96M
Income taxes
€109k▼
2024 · €121k
Staff costs
€2.91M▲
2024 · €2.66M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9.24M€10.67M▲
Fixed assets21/28€6.64M€8.31M▲
Intangible fixed assets21€19k€437k▲
Tangible fixed assets22/27€215k€1.47M▲
Furniture and vehicles24€203k€478k▲
Other tangible fixed assets26€12k€997k▲
Financial fixed assets28€6.40M€6.40M=
Affiliated companies280/1€6.39M€6.39M=
Participating interests280€6.39M€6.39M=
Other financial fixed assets284/8€16k€16k▼
Amounts receivable and cash guarantees285/8€16k€16k▼
Current assets29/58€2.60M€2.36M▼
Amounts receivable within one year40/41€1.22M€699k▼
Trade receivables40€1.08M€520k▼
Other amounts receivable41€131k€179k▲
Cash at bank and in hand54/58€1.26M€1.42M▲
Deferred charges and accrued income490/1€130k€238k▲
Equity and liabilities
Total equity and liabilities10/49€9.24M€10.67M▲
Equity10/15€7.28M€7.77M▲
Contributions10/11€6.51M€6.51M=
Capital10€6.51M€6.51M=
Issued capital100€6.51M€6.51M=
Reserves13€772k€839k▲
Non-distributable reserves130/1€333k€401k▲
Legal reserve130€333k€401k▲
Distributable reserves133€439k€439k=
Profit (loss) carried forward14-€421k
Amounts payable17/49€1.96M€2.90M▲
Amounts payable within one year42/48€1.96M€2.90M▲
Trade debts44€1.60M€1.78M▲
Suppliers440/4€1.60M€1.78M▲
Taxes, remuneration and social security45€364k€470k▲
Taxes450/3€112k€186k▲
Remuneration and social security454/9€251k€284k▲
Other amounts payable47/48-€650k
Income statement
Code20242025
Operating income70/76A€13.92M€14.87M▲
Turnover70€12.99M€14.47M▲
Own construction capitalised72-€376k
Other operating income74€930k€30k▼
Operating charges60/66A€13.50M€14.50M▲
Services and other goods61€10.64M€11.03M▲
Remuneration, social security and pensions62€2.66M€2.91M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98k€482k▲
Other operating charges640/8€107k€50k▼
Non-recurring operating charges66A-€30k
Operating profit (loss)9901€422k€369k▼
Financial income75/76B€749k€1,000k▲
Recurring financial income75€749k€1,000k▲
Income from financial fixed assets750€749k€999k▲
Other financial income752/9€54€514▲
Non-recurring financial income76B€41-
Financial charges65/66B€21k€23k▲
Recurring financial charges65€21k€23k▲
Debt charges650€20k€23k▲
Other financial charges652/9€1k€474▼
Profit (loss) for the period before taxes9903€1.15M€1.35M▲
Income taxes67/77€121k€109k▼
Taxes670/3€121k€109k▼
Profit (loss) for the period9904€1.03M€1.24M▲
Profit (loss) for the period to be appropriated9905€1.03M€1.24M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.03M€1.24M▲
Transfer to equity691/2€281k€67k▼
To the legal reserve6920€57k€67k▲
To other reserves6921€223k-
Profit to be distributed694/7€749k€749k=
Return on contributions (dividend)694€749k€749k=
Social balance
Average headcount (FTE)908732.231.6▼
The notes to these accounts (44 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.24M ▲20.1%
Net result €1.24M, the highest in the series.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 8 days late
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €764k ▼6.8%
Net result drops to €764k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
27-06-2025
Michaël Seys: Resigned as Director
31-12-2023
Dirk D'HERDE: Resigned as Managing director
24-10-2023
Cornelis van den Wijngaart: Resigned as Director
01-01-2021
Jean Sébastien Mouthuy: Resigned as Director
01-01-2021
Philippe Bradfer: Resigned as Director
15-03-2019
Heidi VANDEUR: Resigned as Director
24-10-2018
Marie-Noëlle STASSART: Resigned as Director
31-12-2017
Jean Paul Muyle: Resigned as Director
31-12-2017
Jean Paul Muyle: Resigned as Managing director
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 2 establishment units since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tervurenlaan 2531150 Sint-Pieters-WoluweGround area
5,114 m²
Building footprint
1,247 m²
Volume, LiDAR
5,255 m³
2 parcels, Brussels, Flanders · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Tervurenlaan 253, 1150 Sint-Pieters-Woluwe
since 20162.259.554.424
Archipelago Louvain/Leuven
since 20172.315.753.848
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0201/00H007 | Brussels | 4,814 m² | 1 · 1,155 m² | 13.3 m · 1 fl. |
| 24038D0241/00N002 | Flanders | 299 m² | 1 · 92 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
7 connected companiesNetwork connections
Shared address
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Shared address
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Shared address
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Shared address
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Show 3 more network connections
Shared address
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Shared address
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Shared address
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Public money · subsidies and aid
European Union, budget
2023 · 2 entries · 273,998 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2023 | 2 | 273,998 EUR |
Projects
101137340 - CARING NATURE - CLIMATE NEUTRAL INITIATIVES FOR GROWING HEALTH AND CARE UNMET REQUIREMENTS
101137340 - CARING NATURE - CLIMATE NEUTRAL INITIATIVES FOR GROWING HEALTH AND CARE UNMET REQUIREMENTS
European research
1 project · 274,000 EUR EU contributionProgrammes
HORIZON
Projects
ClimAte neutRal INitiatives for GrowiNg heAlTh and care Unmet REquirements
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STIJN MERTENS-ARCHITECTEN
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LOTES
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Of 18,256 companies in sector 71111 we hold annual accounts for 6,321. 378 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-12-2016
Fiscal year end31-12
Abbreviation FR
ARCHIPELAGO
Abbreviation NL
ARCHIPELAGO
Activities, NACEBEL
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.