ARCOBALENO
ActiveSummary
ARCOBALENO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120,587 and a net result of -€17,089. Equity is shrinking by ~12.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 79% of 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-82
Solvency96▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.81 in 2024; short-term debt: 27.3% and cash: 13.9% of total assets), and 29.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 dateAge against the risk zone
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 07-05-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 d early
2024
48 d early
2023
2 d early
2022
105 d early
2021
2 d early
2020
91 d early
2019
64 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 57 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 June (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€120,587▼ 12.4%
2024 · €137,676
Total assets
€170,928▼ 18.0%
2024 · €208,386
Net result
-€17,089
2024 · €87,592
Working capital
-€18,015▼ 52.2%
2024 · -€11,835
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 68, Real estate 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-€13,882▼ 95.0%-€16,884▼ 21.6%-€15,846▲ 6.2%€94,560-€13,379
Net result-€16,256below the sector's middle half▼ 64.4%-€19,100below the sector's middle half▼ 17.5%-€18,925below the sector's middle half▲ 0.9%€87,592above the sector's middle half-€17,089below the sector's middle half
Equity€88,109within the sector's middle half▼ 15.6%€69,009below the sector's middle half▼ 21.7%€50,084below the sector's middle half▼ 27.4%€137,676within the sector's middle half▲ 175%€120,587within the sector's middle half▼ 12.4%
Total assets€145,419below the sector's middle half▼ 12.9%€128,160below the sector's middle half▼ 11.9%€120,039below the sector's middle half▼ 6.3%€208,386within the sector's middle half▲ 73.6%€170,928within the sector's middle half▼ 18.0%
Debt€57,310▼ 8.5%€59,152▲ 3.2%€69,955▲ 18.3%€70,710▲ 1.1%€50,341▼ 28.8%
Working capital-€51,437within the sector's middle half▼ 22.4%-€56,648within the sector's middle half▼ 10.1%-€68,337within the sector's middle half▼ 20.6%-€11,835within the sector's middle half▲ 82.7%-€18,015within the sector's middle half▼ 52.2%
Solvency60.6%within the sector's middle half▼ 1.9pp53.8%within the sector's middle half▼ 6.7pp41.7%within the sector's middle half▼ 12.1pp66.1%above the sector's middle half▲ 24.3pp70.5%above the sector's middle half▲ 4.5pp
Current ratio0.10below the sector's middle half▼ 0.200.04below the sector's middle half▼ 0.060.02below the sector's middle half▼ 0.020.81within the sector's middle half▲ 0.790.61within the sector's middle half▼ 0.20
Return on assets (ROA)-11.2%below the sector's middle half▼ 5.3pp-14.9%below the sector's middle half▼ 3.7pp-15.8%below the sector's middle half▼ 0.9pp42.0%above the sector's middle half▲ 57.8pp-10.0%below the sector's middle half▼ 52.0pp
Staff (FTE)
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 or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13,379 after €94,560 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170,928
Fixed assets
€142,325 ▼ 9.0%
Current assets
€28,603 ▼ 44.9%
Equity and liabilities €170,928
Equity
€120,587 ▼ 12.4%
Debt
€50,341 ▼ 28.8%
Debt's share of the balance-sheet total falls from 33.9% to 29.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,417▼
2024 · €109,676
Cash flow
€1,706▼
2024 · €102,708
Debt to equity
0.42▼
2024 · 0.51
ROE
-14.2%▼
2024 · 63.6%
Interest coverage
1.44▼
2024 · 15.74
Debt ≤ 1 year
€46,618▼
2024 · €63,778
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 12,321 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,745 | €13,889 | €13,525 | €15,115 | €18,796 | ▲ 24.3% |
| Other operating charges640/8 | €3,483 | €3,376 | €3,500 | €6,985 | €4,295 | ▼ 38.5% |
| Gross operating margin9900 | €9,346 | €381 | €1,180 | €116,661 | €9,711 | ▼ 91.7% |
| Operating profit (loss)9901 | -€13,882 | -€16,884 | -€15,846 | €94,560 | -€13,379 | ▼ 114% |
| Financial income75/76B | - | - | - | - | €52 | - |
| Recurring financial income75 | - | - | - | - | €52 | - |
| Financial charges65/66B | €2,374 | €2,215 | €3,079 | €6,968 | €3,763 | ▼ 46.0% |
| Recurring financial charges65 | €2,374 | €2,215 | €3,079 | €6,968 | €3,763 | ▼ 46.0% |
| Profit (loss) for the period before taxes9903 | -€16,256 | -€19,100 | -€18,925 | €87,592 | -€17,089 | ▼ 120% |
| Profit (loss) for the period9904 | -€16,256 | -€19,100 | -€18,925 | €87,592 | -€17,089 | ▼ 120% |
| Profit (loss) for the period to be appropriated9905 | -€16,256 | -€19,100 | -€18,925 | €87,592 | -€17,089 | ▼ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €145,419 | €128,160 | €120,039 | €208,386 | €170,928 | ▼ 18.0% |
| Fixed assets21/28 | €139,546 | €125,657 | €118,516 | €156,444 | €142,325 | ▼ 9.0% |
| Tangible fixed assets22/27 | €139,546 | €125,657 | €118,516 | €156,444 | €142,325 | ▼ 9.0% |
| Land and buildings22 | €139,546 | €125,657 | €118,516 | €110,635 | €106,725 | ▼ 3.5% |
| Plant, machinery and equipment23 | - | - | - | €1,824 | €1,400 | ▼ 23.3% |
| Furniture and vehicles24 | €0 | - | - | €43,984 | €34,200 | ▼ 22.2% |
| Current assets29/58 | €5,873 | €2,504 | €1,523 | €51,942 | €28,603 | ▼ 44.9% |
| Amounts receivable within one year40/41 | €0 | €866 | €252 | €2,388 | €3,120 | ▲ 30.7% |
| Trade receivables40 | €0 | €866 | €252 | €1,998 | €3,120 | ▲ 56.1% |
| Other amounts receivable41 | €0 | - | - | €390 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €4,985 | €583 | €1,256 | €48,194 | €23,699 | ▼ 50.8% |
| Deferred charges and accrued income490/1 | €888 | €1,056 | €15 | €1,361 | €1,784 | ▲ 31.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €145,419 | €128,160 | €120,039 | €208,386 | €170,928 | ▼ 18.0% |
| Equity10/15 | €88,109 | €69,009 | €50,084 | €137,676 | €120,587 | ▼ 12.4% |
| Contributions10/11 | €285,082 | €285,082 | €285,082 | €285,082 | €285,082 | = |
| Profit (loss) carried forward14 | -€196,973 | -€216,073 | -€234,998 | -€147,406 | -€164,495 | ▼ 11.6% |
| Amounts payable17/49 | €57,310 | €59,152 | €69,955 | €70,710 | €50,341 | ▼ 28.8% |
| Amounts payable within one year42/48 | €57,310 | €59,152 | €69,860 | €63,778 | €46,618 | ▼ 26.9% |
| Trade debts44 | €103 | €190 | €3,498 | €1,222 | €2,112 | ▲ 72.9% |
| Suppliers440/4 | €103 | €190 | €3,498 | €1,222 | €2,112 | ▲ 72.9% |
| Taxes, remuneration and social security45 | €378 | €892 | €3,183 | €0 | €597 | - |
| Taxes450/3 | €378 | €892 | €3,183 | €0 | €597 | - |
| Other amounts payable47/48 | €56,829 | €58,070 | €63,180 | €62,556 | €43,909 | ▼ 29.8% |
| Accrued charges and deferred income492/3 | €0 | - | €95 | €6,932 | €3,722 | ▼ 46.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,256 | -€19,100 | -€18,925 | €87,592 | -€17,089 | ▼ 120% |
| + Depreciation and write-downs630 | €19,745 | €13,889 | €13,525 | €15,115 | €18,796 | ▲ 24.3% |
| Operating cash flow (approximation) | €3,489 | -€5,211 | -€5,400 | €102,708 | €1,706 | ▼ 98.3% |
| Investment in fixed assets (approximation) | - | €0 | -€6,385 | -€53,043 | -€4,677 | ▲ 91.2% |
| Change in cash | - | -€4,403 | €673 | €46,938 | -€24,495 | ▼ 152% |
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
Next filing, fiscal year 2026, expected by
2026
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €87,592
Net result €87,592 after 6 loss-making years.
31-12
Financial
Equity above €100,000Eq €137,676 ▲175%
Equity rises from €50,084 to €137,676.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€19,100
Net result drops to -€19,100, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-05
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 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Overijse · 1 establishment unit since 1989
Ground area
577 m²
Building footprint
123 m²
Volume, LiDAR
662 m³
Parcel 23544D0356/00T000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pikkelblokstraat 4, 3090 Overijse
since 19892.043.319.846
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23544D0356/00T000 | Flanders | 577 m² | 1 · 123 m² | 8.3 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.
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Of 9,141 companies in this sector we hold annual accounts for 6,773. 4,386 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded01-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
73110Advertising agencies
77229Renting and leasing of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436983911
Also
9925:BE0436983911
Registered
16-02-2026
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.