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ARCOM

Active
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 199234 yrs activeMaurice Albert Raskinstraat 40, 1070 Anderlecht, BelgiumKBO/BCE: BE 0446.812.484
Summary

ARCOM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2,596) and a net result of -€759. Equity is shrinking by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 304 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-27
Solvency0=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2025
Age of the figures
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2,596
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
56 d early
2024
31 d early
2023
26 d late
2022
21 d late
2021
36 d early
2020
13 d late
2019
32 d late
← 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 4 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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.
Companies Code · seven months
Position in the running window
27-09-2026 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

ARCOM was incorporated on 26 February 1992.1 Total assets fell from EUR 7,782 in 2018 to EUR 3,565 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€75▼ 81.3%
2024 · €400
EBIT margin
-907.9%▼ 859.5pp
2024 · -48.4%
Net result
-€759▼ 179%
2024 · -€272
Working capital
-€2,596▼ 32.4%
2024 · -€1,961
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€548▲ 25.2%€150▼ 72.6%€866▲ 477%€400▼ 53.8%€75▼ 81.3%
Operating result-€263▲ 76.3%-€674▼ 157%€111-€193-€681▼ 252%
Net result-€440▲ 65.6%-€818▼ 86.0%€69-€272-€759▼ 179%
EBIT margin-47.9%▲ 204.9pp-449.2%▼ 401.3pp12.8%▲ 462.0pp-48.4%▼ 61.1pp-907.9%▼ 859.5pp
Equity-€816▼ 117%-€1,634▼ 100%-€1,566▲ 4.2%-€1,837▼ 17.3%-€2,596▼ 41.3%
Total assets€8,030▼ 2.1%€2,947▼ 63.3%€6,194▲ 110%€6,516▲ 5.2%€3,565▼ 45.3%
Debt€8,846▲ 3.1%€4,582▼ 48.2%€7,760▲ 69.4%€8,353▲ 7.6%€6,162▼ 26.2%
Working capital-€940▼ 88.0%-€1,758▼ 87.0%-€1,690▲ 3.9%-€1,961▼ 16.1%-€2,596▼ 32.4%
Result per fiscal year
Operating resultNet result
-€1,000-€750-€500-€250€0Operating result 2021: -€263-€263Net result 2021: -€440-€440Operating result 2022: -€674-€674Net result 2022: -€818-€818Operating result 2023: €111€111Net result 2023: €69€69Operating result 2024: -€193-€193Net result 2024: -€272-€272Operating result 2025: -€681-€681Net result 2025: -€759-€75920212022202320242025-€1,000-€750-€500-€250€0Operating result 2023: €111€111Net result 2023: €69€69Operating result 2024: -€193-€193Net result 2024: -€272-€272Operating result 2025: -€681-€681Net result 2025: -€759-€759202320242025
The operating result stays negative: a loss of €681 in 2025 against €193 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€6,162▼
2024 · €8,353
Ratios withheld: a balance sheet total of €3,565 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.

Peer companies

Historical observation

Of the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
4.1% went bankrupt
9.9% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 6,640 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€6,516€3,565▼
Fixed assets21/28€124-
Financial fixed assets28€124-
Current assets29/58€6,392€3,565▼
Amounts receivable within one year40/41€2,823-
Trade receivables40€2,316-
Other amounts receivable41€507-
Cash at bank and in hand54/58€3,568€3,565▼
Equity and liabilities
Total equity and liabilities10/49€6,516€3,565▼
Equity10/15-€1,837-€2,596▼
Contributions10/11€13,014€13,014=
Reserves13€1,040€1,040=
Non-distributable reserves130/1€1,040€1,040=
Reserves not available under the articles1311€1,040€1,040=
Profit (loss) carried forward14-€15,891-€16,650▼
Amounts payable17/49€8,353€6,162▼
Amounts payable within one year42/48€8,353€6,162▼
Trade debts44€145-
Suppliers440/4€145-
Other amounts payable47/48€8,208€6,162▼
Income statement Code20242025
Turnover70€400€75▼
Goods, raw materials, services and sundry goods60/61€209€356▲
Other operating charges640/8€384€400▲
Gross operating margin9900€191-€281▼
Operating profit (loss)9901-€193-€681▼
Financial charges65/66B€78€78▼
Recurring financial charges65€78€78▼
Profit (loss) for the period before taxes9903-€272-€759▼
Profit (loss) for the period9904-€272-€759▼
Profit (loss) for the period to be appropriated9905-€272-€759▼
Appropriation of the result
Profit (loss) to be appropriated9906-€15,891-€16,650▼
Profit (loss) brought forward from the previous period14P-€15,620-€15,891▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€548€150€866€400€75▼ 81.3%
Goods, raw materials, services and sundry goods60/61€463€476€371€209€356▲ 70.4%
Other operating charges640/8€348€348€384€384€400▲ 4.0%
Gross operating margin9900€85-€326€495€191-€281▼ 247%
Operating profit (loss)9901-€263-€674€111-€193-€681▼ 252%
Financial charges65/66B€177€144€42€78€78▼ 0.2%
Recurring financial charges65€177€144€42€78€78▼ 0.2%
Profit (loss) for the period before taxes9903-€440-€818€69-€272-€759▼ 179%
Profit (loss) for the period9904-€440-€818€69-€272-€759▼ 179%
Profit (loss) for the period to be appropriated9905-€440-€818€69-€272-€759▼ 179%
Line20212022202320242025Change
Assets
Total assets20/58€8,030€2,947€6,194€6,516€3,565▼ 45.3%
Fixed assets21/28€124€124€124€124--
Financial fixed assets28€124€124€124€124--
Current assets29/58€7,906€2,823€6,070€6,392€3,565▼ 44.2%
Amounts receivable within one year40/41€2,823€2,823€2,823€2,823--
Trade receivables40€2,316€2,316€2,316€2,316--
Other amounts receivable41€507€507€507€507--
Current investments50/53€5,083-----
Cash at bank and in hand54/58--€3,247€3,568€3,565▼ 0.1%
Equity and liabilities
Total equity and liabilities10/49€8,030€2,947€6,194€6,516€3,565▼ 45.3%
Equity10/15-€816-€1,634-€1,566-€1,837-€2,596▼ 41.3%
Contributions10/11€13,014€13,014€13,014€13,014€13,014=
Reserves13€1,036€1,036€1,040€1,040€1,040=
Non-distributable reserves130/1€1,036€1,036€1,040€1,040€1,040=
Reserves not available under the articles1311€1,036€1,036€1,040€1,040€1,040=
Profit (loss) carried forward14-€14,867-€15,685-€15,620-€15,891-€16,650▼ 4.8%
Amounts payable17/49€8,846€4,582€7,760€8,353€6,162▼ 26.2%
Amounts payable within one year42/48€8,846€4,582€7,760€8,353€6,162▼ 26.2%
Financial debts43-€15€0---
Credit institutions430/8-€15€0---
Trade debts44€553€348€145€145--
Suppliers440/4€553€348€145€145--
Other amounts payable47/48€8,293€4,219€7,614€8,208€6,162▼ 24.9%
Line20212022202320242025Change
Profit (loss) for the period9904-€440-€818€69-€272-€759▼ 179%
Operating cash flow (approximation)-€440-€818€69-€272-€759▼ 179%
Investment in fixed assets (approximation)-€0€0€0--
Change in cash---€322-€3▼ 101%

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
05-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial Back to profitnet €69
Net result €69 after 3 loss-making years.
21-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
25-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
13-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial Weakest financial yearnet -€1,277
Net result drops to -€1,277, the lowest in the series; recovery starts the following year.
01-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
28-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
21-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
21-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
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.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 1992
seat establishment The establishment unit on the map
Ground area
144 m²
Building footprint
80 m²
Volume, LiDAR
1,141 m³
Parcel 21302A0112/00T000, Brussels · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
ARCOM
Maurice Albert Raskinstraat 40, 1070 AnderlechtManufacture of rubber and plastic products
since 19922.056.640.124
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21302A0112/00T000 Brussels 144 m² 1 · 80 m² 17.6 m · 5 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.

Similar companies · same sector, comparable size

Of 6,709 companies in sector 96230 we hold annual accounts for 628. 141 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded26-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
46150Agents in the wholesale of furniture, household goods and hardware
46190Agents in non-specialised wholesale trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
82990Other business support services
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 26 September 2026 · Peppol Directory

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