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ARCOFIN

Dissolution or liquidation
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 1935Britsierslaan 5, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0403.228.109
Summary

The KBO register records for ARCOFIN the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show negative equity (-€1.55bn).

ARCOFINDissolution or liquidation

Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: dissolution or liquidation
The KBO register records the legal situation: dissolution or liquidation. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
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 24-03-2026, 129 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
129 d early
2024
133 d early
2023
127 d early
2022
118 d early
2021
122 d early
2020
127 d early
2019
126 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 126 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ARCOFIN was incorporated on 4 July 1935.1 Total assets went from EUR 34 million in 2022 to EUR 36 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

Financials · fiscal year 2025, abbreviated schema

Equity
-€1.55bn▼ 2.1%
2024 · -€1.52bn
Total assets
€35.6m▲ 1.7%
2024 · €35.0m
Net result
-€31.4m
Working capital
-€1.50bn▼ 2.2%
2024 · -€1.47bn
Trend over the years
In euros
In euros
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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€1.1m--€700,330▲ 35.9%€34,642€23,557▼ 32.0%
Net result-€31.4m-
Equity-€1.46bn--€1.49bn▼ 2.3%-€1.52bn▼ 2.2%-€1.55bn▼ 2.1%
Total assets€33.6m-€34.4m▲ 2.2%€35.0m▲ 1.9%€35.6m▲ 1.7%
Debt€1.45bn-€1.49bn▲ 2.3%€1.52bn▲ 2.3%€1.55bn▲ 2.1%
Working capital-€1.40bn--€1.44bn▼ 2.4%-€1.47bn▼ 2.3%-€1.50bn▼ 2.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€40.0m-€30.0m-€20.0m-€10.0m€0Operating result 2022: -€1.1m-€1.1mNet result 2022: -€31.4m-€31.4mOperating result 2023: -€700,330-€700,330Operating result 2024: €34,642€34,642Operating result 2025: €23,557€23,5572022202320242025-€800,000-€600,000-€400,000-€200,000€0Operating result 2023: -€700,330-€700,000Operating result 2024: €34,642€34,600Operating result 2025: €23,557€23,600202320242025
The operating result falls in 2025; 2025 is 32% below 2024.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.02▼
2024 · 0.02
Debt to equity
-1.00▼
2024 · -1.00
Debt ≤ 1 year
€1.54bn▲
2024 · €1.51bn
A ratio outside any meaningful range has been withheld (balance sheet total €35.6m, equity -€1.55bn).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€35.0m€35.6m▲
Current assets29/58€35.0m€35.6m▲
Amounts receivable within one year40/41€515,579€409,431▼
Other amounts receivable41€515,579€409,431▼
Current investments50/53€16.3m€17.2m▲
Cash at bank and in hand54/58€17.5m€17.5m▼
Deferred charges and accrued income490/1€636,341€429,818▼
Equity and liabilities
Total equity and liabilities10/49€35.0m€35.6m▲
Equity10/15-€1.52bn-€1.55bn▼
Contributions10/11€885.9m€885.9m=
Reserves13€229.5m€229.5m=
Non-distributable reserves130/1€91.6m€91.6m=
Reserves not available under the articles1311€87.6m€87.6m=
Other1319€4.0m€4.0m=
Tax-exempt reserves132€137.9m€137.9m=
Profit (loss) carried forward14-€2.64bn-€2.67bn▼
Provisions and deferred taxes16€38.8m€38.6m▼
Provisions for liabilities and charges160/5€38.8m€38.6m▼
Other liabilities and charges164/5€38.8m€38.6m▼
Amounts payable17/49€1.52bn€1.55bn▲
Amounts payable within one year42/48€1.51bn€1.54bn▲
Financial debts43€85.7m€85.7m=
Credit institutions430/8€85.7m€85.7m=
Trade debts44€206,982€206,301▼
Suppliers440/4€206,982€206,301▼
Other amounts payable47/48€1.42bn€1.45bn▲
Accrued charges and deferred income492/3€14.0m€14.0m=
Income statement Code20242025
Provisions for liabilities and charges: additions (uses and reversals)635/8-€250,000-€250,000=
Gross operating margin9900-€215,358-€226,443▼
Operating profit (loss)9901€34,642€23,557▼
Financial income75/76B€865,109€821,165▼
Recurring financial income75€865,109€821,165▼
Financial charges65/66B€34.1m€32.7m▼
Recurring financial charges65€34.1m€32.7m▼
Profit (loss) for the period before taxes9903-€33.2m-€31.8m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€2.64bn-€2.67bn▼
Profit (loss) brought forward from the previous period14P-€2.61bn-€2.64bn▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Provisions for liabilities and charges: additions (uses and reversals)635/8-€405,000-€250,000-€250,000=
Other operating charges640/8€987----
Non-recurring operating charges66A€900,000----
Gross operating margin9900-€191,126-€295,330-€215,358-€226,443▼ 5.1%
Operating profit (loss)9901-€1.1m-€700,330€34,642€23,557▼ 32.0%
Financial income75/76B€46,525€1.0m€865,109€821,165▼ 5.1%
Recurring financial income75€46,525€1.0m€865,109€821,165▼ 5.1%
Non-recurring financial income76B€46,525----
Financial charges65/66B€30.4m€33.6m€34.1m€32.7m▼ 4.3%
Recurring financial charges65€30.4m€33.6m€34.1m€32.7m▼ 4.3%
Profit (loss) for the period before taxes9903-€31.4m-€33.3m-€33.2m-€31.8m▲ 4.2%
Profit (loss) for the period9904-€31.4m----
Profit (loss) for the period to be appropriated9905-€31.4m----
Line2022202320242025Change
Assets
Total assets20/58€33.6m€34.4m€35.0m€35.6m▲ 1.7%
Current assets29/58€33.6m€34.4m€35.0m€35.6m▲ 1.7%
Amounts receivable within one year40/41€572€282,641€515,579€409,431▼ 20.6%
Other amounts receivable41€572€282,641€515,579€409,431▼ 20.6%
Current investments50/53€3.2m€650,000€16.3m€17.2m▲ 5.6%
Cash at bank and in hand54/58€30.5m€32.8m€17.5m€17.5m▼ 0.1%
Deferred charges and accrued income490/1€8,181€620,392€636,341€429,818▼ 32.5%
Equity and liabilities
Total equity and liabilities10/49€33.6m€34.4m€35.0m€35.6m▲ 1.7%
Equity10/15-€1.46bn-€1.49bn-€1.52bn-€1.55bn▼ 2.1%
Contributions10/11€886.1m€885.9m€885.9m€885.9m=
Reserves13€229.5m€229.5m€229.5m€229.5m=
Non-distributable reserves130/1€91.6m€91.6m€91.6m€91.6m=
Reserves not available under the articles1311€87.6m€87.6m€87.6m€87.6m=
Other1319€4.0m€4.0m€4.0m€4.0m=
Tax-exempt reserves132€137.9m€137.9m€137.9m€137.9m=
Profit (loss) carried forward14-€2.57bn-€2.61bn-€2.64bn-€2.67bn▼ 1.2%
Provisions and deferred taxes16€38.7m€39.1m€38.8m€38.6m▼ 0.6%
Provisions for liabilities and charges160/5€38.7m€39.1m€38.8m€38.6m▼ 0.6%
Other liabilities and charges164/5€38.7m€39.1m€38.8m€38.6m▼ 0.6%
Amounts payable17/49€1.45bn€1.49bn€1.52bn€1.55bn▲ 2.1%
Amounts payable within one year42/48€1.44bn€1.47bn€1.51bn€1.54bn▲ 2.2%
Financial debts43€85.7m€85.7m€85.7m€85.7m=
Credit institutions430/8€85.7m€85.7m€85.7m€85.7m=
Trade debts44€195,708€198,744€206,982€206,301▼ 0.3%
Suppliers440/4€195,708€198,744€206,982€206,301▼ 0.3%
Other amounts payable47/48€1.35bn€1.39bn€1.42bn€1.45bn▲ 2.3%
Accrued charges and deferred income492/3€14.0m€14.0m€14.0m€14.0m=
Line2022202320242025Change
Profit (loss) for the period9904-€31.4m----
Operating cash flow (approximation)-€31.4m----
Change in cash-€2.3m-€15.3m-€14,583▲ 99.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-03
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-03
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-03
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-04
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-03
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-03
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-04
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
29-03
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
30-03
NBB filing Annual accounts filed
fiscal year 2016 · full schema
NBB filing
0 of 18 acts read
About the unread acts

We know of 18 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
18 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, Schaarbeek · 1 establishment unit since 1935
seat establishment The establishment unit on the map
Ground area
2,018 m²
Building footprint
1,139 m²
Volume, LiDAR
23,438 m³
Parcel 21902A0300/00V000, Brussels · tallest building 24.1 m, ±7 floors. Linked by address, not a title deed.
18 companies at this address See who is registered here
1 establishment unit
Britsierslaan 5, 1030 Schaarbeek
Insurance, reinsurance and pension funding, except compulsory social security
since 19352.003.621.310
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21902A0300/00V000 Brussels 2,018 m² 1 · 1,139 m² 24.1 m · 7 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.

Recognitions · licences · registrations

Legal Entity Identifier

9676003PJMQ5RX2ZQW72
live in the LEI register

Identification & contact

Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded04-07-1935
Fiscal year end31-12
Abbreviation Groep C - Gruppe C
E-invoicing
Reachable via Peppol
Peppol ID 0208:0403228109
Registered 16-10-2025

The company is no longer active; its Peppol card can remain until its access point withdraws it.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.