ARCIN CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ARCIN CONSTRUCT is 7.8% (elevated). The 2024 annual accounts show equity of €566 and a net result of €20k. Equity is shrinking by ~48.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 10% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency26▲+26
Growth58▲+26
Track record86
Bankruptcy probability, 12 months
7.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.85 against 0.6 in 2023; short-term debt: 98.6% and cash: 9.8% of total assets), and 98.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 2024Solvency, return and age of the figures
Solvency
1.4%
Return on assets
48.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
127 d early
2022
38 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, micro schema
Equity
€566
2023 · €-20k
2022: €18khighest in 3 years
2023: €-20k▼ -208% vs 2022lowest in 3 years
2024: €566▲ +103% vs 2023
2022 → 2024
Total assets
€42k▼ 20.0%
2023 · €52k
2022: €61khighest in 3 years
2023: €52k▼ -14.6% vs 2022
2024: €42k▼ -20.0% vs 2023lowest in 3 years
2022 → 2024
Net result
€20k
2023 · €-38k
2022: €18k
2023: €-38k▼ -308% vs 2022lowest in 3 years
2024: €20k▲ +153% vs 2023highest in 3 years
2022 → 2024
Working capital
€-6k▲ 78.4%
2023 · €-29k
2022: €8khighest in 3 years
2023: €-29k▼ -453% vs 2022lowest in 3 years
2024: €-6k▲ +78.4% vs 2023
2022 → 2024
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line202220232024Trend
Equity€18k-€-20k€566
2022: €18khighest in 3 years
2023: €-20k▼ -208% vs 2022lowest in 3 years
2024: €566▲ +103% vs 2023
Operating result€23k-€-37k€19k
2022: €23khighest in 3 years
2023: €-37k▼ -262% vs 2022lowest in 3 years
2024: €19k▲ +151% vs 2023
Net result€18k-€-38k€20k
2022: €18k
2023: €-38k▼ -308% vs 2022lowest in 3 years
2024: €20k▲ +153% vs 2023highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €19k after a loss of €37k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42k
Fixed assets
€7k ▼ 26.6%
Current assets
€35k ▼ 18.6%
Equity and liabilities €42k
Equity
€566
Debt
€41k
Debt finances 98.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€20k▲
2023 · €-37k
Cash flow
€21k▲
2023 · €-37k
Current ratio
0.85▲
2023 · 0.60
ROA
48.6%▲
2023 · -72.9%
Interest coverage
12.67▲
2023 · -50.58
Debt ≤ 1 year
€41k▼
2023 · €72k
Income taxes
€76▲
2023 · €0
Equity ratios withheld: equity of €566 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€52k€42k▼
Fixed assets21/28€9k€7k▼
Tangible fixed assets22/27€1k€306▼
Furniture and vehicles24€1k€306▼
Financial fixed assets28€8k€7k▼
Current assets29/58€43k€35k▼
Amounts receivable within one year40/41€41k€31k▼
Trade receivables40€41k€31k▼
Other amounts receivable41€171€0▼
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€52k€42k▼
Equity10/15€-20k€566▲
Profit (loss) carried forward14€-20k€566▲
Amounts payable17/49€72k€41k▼
Amounts payable within one year42/48€72k€41k▼
Trade debts44€37k€27k▼
Suppliers440/4€37k€27k▼
Taxes, remuneration and social security45€28k€9k▼
Taxes450/3€21k€7k▼
Remuneration and social security454/9€7k€2k▼
Other amounts payable47/48€7k€5k▼
Income statement
Code20232024
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€730€730=
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-35k€23k▲
Operating profit (loss)9901€-37k€19k▲
Financial income75/76B€40€3k▲
Recurring financial income75€40€3k▲
Financial charges65/66B€724€2k▲
Recurring financial charges65€724€2k▲
Profit (loss) for the period before taxes9903€-38k€20k▲
Income taxes67/77€0€76▲
Profit (loss) for the period9904€-38k€20k▲
Profit (loss) for the period to be appropriated9905€-38k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€566▲
Profit (loss) brought forward from the previous period14P€18k€-20k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €21k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €424 | €730 | €730 | = |
| Other operating charges640/8 | €62 | €2k | €3k | ▲ 87.8% |
| Gross operating margin9900 | €44k | €-35k | €23k | ▲ 165% |
| Operating profit (loss)9901 | €23k | €-37k | €19k | ▲ 151% |
| Financial income75/76B | €1 | €40 | €3k | ▲ 7,107% |
| Recurring financial income75 | €1 | €40 | €3k | ▲ 7,107% |
| Financial charges65/66B | €310 | €724 | €2k | ▲ 116% |
| Recurring financial charges65 | €310 | €724 | €2k | ▲ 116% |
| Profit (loss) for the period before taxes9903 | €23k | €-38k | €20k | ▲ 154% |
| Income taxes67/77 | €4k | €0 | €76 | - |
| Profit (loss) for the period9904 | €18k | €-38k | €20k | ▲ 153% |
| Profit (loss) for the period to be appropriated9905 | €18k | €-38k | €20k | ▲ 153% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €61k | €52k | €42k | ▼ 20.0% |
| Fixed assets21/28 | €10k | €9k | €7k | ▼ 26.6% |
| Tangible fixed assets22/27 | €2k | €1k | €306 | ▼ 70.5% |
| Furniture and vehicles24 | €2k | €1k | €306 | ▼ 70.5% |
| Financial fixed assets28 | €8k | €8k | €7k | ▼ 21.1% |
| Current assets29/58 | €51k | €43k | €35k | ▼ 18.6% |
| Amounts receivable within one year40/41 | €36k | €41k | €31k | ▼ 25.3% |
| Trade receivables40 | €36k | €41k | €31k | ▼ 25.0% |
| Other amounts receivable41 | - | €171 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €14k | €2k | €4k | ▲ 151% |
| Deferred charges and accrued income490/1 | €1k | €0 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €61k | €52k | €42k | ▼ 20.0% |
| Equity10/15 | €18k | €-20k | €566 | ▲ 103% |
| Profit (loss) carried forward14 | €18k | €-20k | €566 | ▲ 103% |
| Amounts payable17/49 | €43k | €72k | €41k | ▼ 42.8% |
| Amounts payable within one year42/48 | €43k | €72k | €41k | ▼ 42.8% |
| Trade debts44 | €22k | €37k | €27k | ▼ 27.8% |
| Suppliers440/4 | €22k | €37k | €27k | ▼ 27.8% |
| Taxes, remuneration and social security45 | €15k | €28k | €9k | ▼ 67.0% |
| Taxes450/3 | €11k | €21k | €7k | ▼ 64.6% |
| Remuneration and social security454/9 | €3k | €7k | €2k | ▼ 74.3% |
| Other amounts payable47/48 | €6k | €7k | €5k | ▼ 26.3% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €-38k | €20k | ▲ 153% |
| + Depreciation and write-downs630 | €424 | €730 | €730 | = |
| Operating cash flow (approximation) | €19k | €-37k | €21k | ▲ 156% |
| Investment in fixed assets (approximation) | - | €0 | €2k | - |
| Change in cash | - | €-12k | €2k | ▲ 120% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-08
KBO administration
Address struck
Heidestraat 19 Die Sitzadresse Heidestraat 19 1755 Pajot-
tegem · event 01-07-2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2021
Ground area
3,841 m²
Building footprint
2,664 m²
Volume, LiDAR
106,871 m³
2 parcels, Flanders · tallest building 93.2 m, ±7 floors. Linked by address, not a title deed.
224
companies at this address
See who is registered here
1 establishment unit
ARCIN CONSTRUCT
since 20212.323.526.419
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1294/00A000 ProtectedMonument · Townscape or village viewSite Vlaamse Opera, schermenmagazijn en hotel WagnerSource ↗ |
Flanders | 2,975 m² | 1 · 2,664 m² | 93.2 m · 7 fl. |
| 23040A0184/02E000 | Flanders | 866 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 404 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
Founded05-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
E-mail
jeanjacques.ng@gmail.com
Phone
+32476560376
Scores and ratios are computed by Checked and are not a credit decision.