Checked.be
Active
BE 0435.959.669Private limited company
ARCOMA
Nekkersputstraat 41 ·9000 Gent, Belgium· 37 yrs active
Sector: Real estate agency activities
(68310)
Conclusion
ARCOMA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61k and a net result of €2k. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 19339 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €61k |
| Net result | €2k |
| Better than sector | 94% |
| Active | 37 yrs |
Financial profile
64
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
76
Profitability
14
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1988, 37 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
76
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
93
2021
70
2022
52
2023
76
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 10.57 (≥ 1.5)
+10
Quick ratio
Quick ratio 10.57 (≥ 1.0)
+5
Leverage
Debt/equity 0.05 (< 1.0)
+10
Profitability
ROE 3%
+3
Interest coverage
Interest coverage -218.1× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 25-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~6.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 94.8% | 31.1% | |
| Net result | €2k | €4k | |
| Equity | €61k | €87k | |
| Gross operating margin | €-4k | €39k | |
| Total assets | €65k | €440k |
€-6k
+19.0%
21-24
€2k
-
21-24
€6k
-
21-24
€65k
-16.6%
21-24
€61k
+2.9%
21-24
€32k
+17.2%
21-24
€12
-
21-24
€3k
-81.4%
21-24
€3k
-81.4%
21-24
10.57
+319.9%
21-24
10.57
+319.9%
21-24
94.8%
+23.4%
21-24
0.05
-81.9%
21-24
2.8%
-
21-24
2.6%
-
21-24
-218.12
-436.9%
21-24
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | +19.0% | - | -83.3% | - |
| Net profit | - | -960.9% | - | - |
| Cash flow | - | - | -83.8% | - |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | -16.6% | -13.1% | -6.8% | - |
| Equity | +2.9% | -17.1% | -1.6% | - |
| Debt | -81.4% | +3.2% | -23.4% | - |
| of which ≤ 1y | -81.4% | +3.2% | -23.4% | - |
| of which > 1y | - | - | - | - |
| Working capital | +17.2% | -20.9% | +13.2% | - |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 10.57 | 2.52 | 2.98 | 2.34 |
| Quick ratio | 10.57 | 2.52 | 2.98 | 2.34 |
| Working capital ratio | 49.4% | 35.1% | 38.5% | 31.7% |
| Solvency | 94.8% | 76.9% | 80.5% | 76.3% |
| Debt / equity | 0.05 | 0.30 | 0.24 | 0.31 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | -218.12 | -40.63 | 27.47 | 195.52 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 2.6% | -15.8% | -1.3% | 18.7% |
| ROE | 2.8% | -20.6% | -1.6% | 24.5% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €65k | €77k | €89k | €96k |
| Fixed assets | 21/28 | €29k | €32k | €37k | €43k |
| Tangible fixed assets | 22/27 | €29k | €32k | €37k | €43k |
| Current assets | 29/58 | €35k | €45k | €52k | €53k |
| Amounts receivable within one year | 40/41 | €12k | €12k | €13k | €21k |
| Cash & bank | 54/58 | €23k | €32k | €38k | €32k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €65k | €77k | €89k | €96k |
| Equity | 10/15 | €61k | €59k | €72k | €73k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €53k | €53k | €65k | €66k |
| Accumulated profits (losses) | 14 | €2k | €18 | €180 | €336 |
| Amounts payable | 17/49 | €3k | €18k | €17k | €23k |
| Amounts payable within one year | 42/48 | €3k | €18k | €17k | €23k |
| Trade debts payable within one year | 44 | €1k | €14k | €13k | €12k |
| Income statement | |||||
| Gross operating margin | 9900 | €-4k | €-5k | €6k | €26k |
| Operating result | 9901 | €-10k | €-12k | €-1k | €18k |
| Financial income | 75 | €1 | - | - | €15 |
| Financial charges | 65 | €26 | €172 | €151 | €127 |
| Result before taxes | 9903 | €2k | €-12k | €-1k | €18k |
| Income taxes | 67/77 | - | - | - | €12 |
| Net result for the period | 9904 | €2k | €-12k | €-1k | €18k |
| Result to be appropriated | 9905 | €2k | €-12k | €-1k | €18k |
Legal Structure
| NACE primary | Real estate agency activities(68310) |
| Legal form | Private limited company(610) |
| Incorporation | 22-11-1988 |
| Status | Active |
| Postal code | 9000 |
Establishment units
ARCOMA
since 19882.041.169.218
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0915/00L004 | Flanders | 269 m² | 1 · 83 m² | 13.1 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 10.57
Current ratio from 2.52 to 10.57; short-term debt falls from €18k to €3k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Real estate agency activities68310Real estate activities6831170311
Names & trade names
| Legal nameNL | ARCOMA |
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