ARCOR
ActiveSummary
ARCOR has been active since 1966 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.6m and a net result of €44,477. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 86% of 393 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency100=
Growth45=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340,000 at 30 days acceptable
Liquidity ample (current ratio 5.69 against 5.19 in 2024; short-term debt: 11.5% and cash: 45.3% of total assets), and 16.8% of the assets are financed with debt.
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Signals
Five 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 88
Relative position
BE, all sectors
reference
Social work activities without accommodation (NACE 88)
about 62% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.2%
Return on assets
1%
Age of the figures
9 mo
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 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
87 d early
2023
20 d early
2022
75 d early
2021
96 d early
2020
54 d early
2019
15 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 60 days before the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by total assets in Ronse, Health and social work sector#1 company by equity in Ronse, Health and social work sector#1 oldest company in Ronse, Health and social work sector
Turnover
€1.4m▼ 4.7%
2022 · €1.5m
EBIT margin
-9.8%▼ 16.0pp
2022 · 6.2%
Net result
€44,477▲ 75.2%
2024 · €25,386
Working capital
€2.4m▼ 8.7%
2024 · €2.6m
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€1.5m▲ 10.8%€1.5m▼ 4.9%€1.4m▼ 4.7%
Operating result€202,315▼ 32.4%€90,206▼ 55.4%-€136,504-€6,894▲ 94.9%€40,193
Net result€219,747▼ 27.3%€44,281▼ 79.8%-€78,976€25,386€44,477▲ 75.2%
EBIT margin13.2%▼ 8.4pp6.2%▼ 7.0pp-9.8%▼ 16.0pp
Equity€3.6m▲ 5.3%€3.6m▲ 0.4%€3.7m▲ 1.4%€3.7m▲ 1.4%€3.6m▼ 1.9%
Total assets€4.9m▲ 3.7%€4.8m▼ 2.9%€4.7m▼ 2.6%€4.7m▼ 0.2%€4.4m▼ 6.2%
Debt€1.3m▲ 0.5%€1.2m▼ 11.6%€1.0m▼ 14.6%€953,371▼ 6.0%€734,335▼ 23.0%
Working capital€2.7m▲ 9.3%€2.7m▲ 2.7%€2.8m▲ 2.8%€2.6m▼ 8.6%€2.4m▼ 8.7%
Staff (FTE)116.9▲ 1.6%116.9=117.5▲ 0.5%119.6▲ 1.8%116.3▼ 2.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2022 Net result -80% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €40,193 after a loss of €6,894 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets
€1.5m ▲ 3.4%
Current assets
€2.9m ▼ 10.6%
Equity and liabilities €4.4m
Equity
€3.6m ▼ 1.9%
Debt
€734,335 ▼ 23.0%
Debt's share of the balance-sheet total falls from 20.5% to 16.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€293,299▲
2024 · €211,873
Cash flow
€297,583▲
2024 · €244,153
Current ratio
5.69▲
2024 · 5.19
Quick ratio
5.69▲
2024 · 5.18
Debt to equity
0.20▼
2024 · 0.26
ROE
1.2%▲
2024 · 0.7%
ROA
1.0%▲
2024 · 0.5%
Interest coverage
19.34▼
2024 · 29.88
Debt ≤ 1 year
€501,992▼
2024 · €615,777
Debt > 1 year
€215,520▼
2024 · €324,240
Income taxes
€742▲
2024 · €629
Staff costs
€3.7m▲
2024 · €3.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,832 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.1%
went bankrupt
2.0%
stopped otherwise
98%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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 1,832 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €3.8m | €3.8m | €3.9m | - | - | - |
| Turnover70 | €1.5m | €1.5m | €1.4m | - | - | - |
| Other operating income74 | - | €9,065 | €347 | - | - | - |
| Non-recurring operating income76A | - | - | - | €74,559 | €32,147 | ▼ 56.9% |
| Operating charges60/66A | €3.6m | €3.7m | €4.0m | - | - | - |
| Goods for resale, raw materials and consumables60 | €78,301 | €81,695 | €93,941 | - | - | - |
| Purchases600/8 | €78,301 | €81,695 | €93,941 | - | - | - |
| Services and other goods61 | €268,400 | €377,570 | €461,447 | - | - | - |
| Remuneration, social security and pensions62 | €3.1m | €3.0m | €3.2m | €3.6m | €3.7m | ▲ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €201,052 | €196,829 | €177,197 | €218,767 | €253,106 | ▲ 15.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3,614 | - | - | - | - | - |
| Other operating charges640/8 | €12,997 | €22,965 | €12,359 | €11,731 | €21,282 | ▲ 81.4% |
| Non-recurring operating charges66A | - | - | €10,197 | €4,757 | €6,849 | ▲ 44.0% |
| Gross operating margin9900 | - | - | - | €3.8m | €4.1m | ▲ 6.4% |
| Operating profit (loss)9901 | €202,315 | €90,206 | -€136,504 | -€6,894 | €40,193 | ▲ 683% |
| Financial income75/76B | €66,564 | €53,546 | €73,495 | €40,000 | €20,195 | ▼ 49.5% |
| Recurring financial income75 | €11,782 | €19,280 | €16,403 | €40,000 | €20,195 | ▼ 49.5% |
| Income from financial fixed assets750 | €11,245 | €11,235 | €16,307 | - | - | - |
| Other financial income752/9 | €537 | €8,046 | €96 | - | - | - |
| Non-recurring financial income76B | €54,782 | €34,265 | €57,092 | €0 | - | - |
| Financial charges65/66B | €49,501 | €99,173 | €15,413 | €7,092 | €15,168 | ▲ 114% |
| Recurring financial charges65 | €49,501 | €99,173 | €15,413 | €7,092 | €15,168 | ▲ 114% |
| Debt charges650 | €41,291 | €37,137 | €31,285 | - | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €1,732 | €58,201 | -€25,096 | - | - | - |
| Other financial charges652/9 | €6,478 | €3,835 | €9,224 | - | - | - |
| Profit (loss) for the period before taxes9903 | €219,378 | €44,578 | -€78,422 | €26,015 | €45,220 | ▲ 73.8% |
| Income taxes67/77 | -€369 | €297 | €554 | €629 | €742 | ▲ 18.0% |
| Taxes670/3 | €274 | €316 | €569 | - | - | - |
| Tax adjustments and reversals of tax provisions77 | €643 | €19 | €15 | - | - | - |
| Profit (loss) for the period9904 | €219,747 | €44,281 | -€78,976 | €25,386 | €44,477 | ▲ 75.2% |
| Profit (loss) for the period to be appropriated9905 | €219,747 | €44,281 | -€78,976 | €25,386 | €44,477 | ▲ 75.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.9m | €4.8m | €4.7m | €4.7m | €4.4m | ▼ 6.2% |
| Fixed assets21/28 | €1.6m | €1.4m | €1.3m | €1.5m | €1.5m | ▲ 3.4% |
| Intangible fixed assets21 | - | - | - | €11,880 | €94,787 | ▲ 698% |
| Tangible fixed assets22/27 | €1.6m | €1.4m | €1.3m | €1.4m | €1.4m | ▼ 2.2% |
| Land and buildings22 | €763,292 | €720,280 | €677,267 | €797,053 | €878,489 | ▲ 10.2% |
| Plant, machinery and equipment23 | €105,920 | €82,882 | €83,769 | €91,547 | €102,012 | ▲ 11.4% |
| Furniture and vehicles24 | €69,884 | €52,657 | €37,395 | €165,259 | €129,735 | ▼ 21.5% |
| Leasing and similar rights25 | €633,449 | €557,528 | €477,502 | €393,150 | €304,238 | ▼ 22.6% |
| Financial fixed assets28 | €2,440 | €2,440 | €2,440 | €2,440 | €2,440 | = |
| Other financial fixed assets284/8 | €2,440 | €2,440 | €2,440 | - | - | - |
| Shares284 | €2,440 | €2,440 | €2,440 | - | - | - |
| Current assets29/58 | €3.4m | €3.4m | €3.4m | €3.2m | €2.9m | ▼ 10.6% |
| Stocks and contracts in progress3 | €3,150 | €3,150 | €3,150 | €3,150 | €1,625 | ▼ 48.4% |
| Stocks30/36 | €3,150 | €3,150 | €3,150 | €3,150 | €1,625 | ▼ 48.4% |
| Raw materials and consumables30/31 | €3,150 | €3,150 | €3,150 | - | - | - |
| Amounts receivable within one year40/41 | €276,950 | €269,729 | €251,568 | €319,625 | €268,661 | ▼ 15.9% |
| Trade receivables40 | €187,526 | €233,432 | €204,808 | €211,137 | €250,838 | ▲ 18.8% |
| Other amounts receivable41 | €89,424 | €36,297 | €46,760 | €108,489 | €17,823 | ▼ 83.6% |
| Current investments50/53 | €1.7m | €1.6m | €1.6m | €597,504 | €606,609 | ▲ 1.5% |
| Cash at bank and in hand54/58 | €1.4m | €1.5m | €1.5m | €2.3m | €2.0m | ▼ 13.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.9m | €4.8m | €4.7m | €4.7m | €4.4m | ▼ 6.2% |
| Equity10/15 | €3.6m | €3.6m | €3.7m | €3.7m | €3.6m | ▼ 1.9% |
| Contributions10/11 | - | €13,262 | €13,262 | €13,262 | €13,262 | = |
| Capital10 | - | €13,262 | €13,262 | €13,262 | €13,262 | = |
| Reserves13 | €148,573 | €148,573 | €148,573 | €148,573 | €148,573 | = |
| Profit (loss) carried forward14 | €3.3m | €3.4m | €3.3m | €3.3m | €3.4m | ▲ 1.3% |
| Investment grants15 | €93,070 | €63,292 | €193,246 | €219,028 | €104,773 | ▼ 52.2% |
| Provisions and deferred taxes16 | €2,057 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €2,057 | - | - | - | - | - |
| Pensions and similar obligations160 | €2,057 | - | - | - | - | - |
| Amounts payable17/49 | €1.3m | €1.2m | €1.0m | €953,371 | €734,335 | ▼ 23.0% |
| Amounts payable after more than one year17 | €622,529 | €527,504 | €428,152 | €324,240 | €215,520 | ▼ 33.5% |
| Financial debts170/4 | €622,529 | €527,504 | €428,152 | €324,240 | €215,520 | ▼ 33.5% |
| Leasing and similar obligations172 | €557,529 | €477,504 | €393,152 | - | - | - |
| Credit institutions173 | €65,000 | €50,000 | €35,000 | - | - | - |
| Amounts payable within one year42/48 | €684,768 | €627,295 | €565,192 | €615,777 | €501,992 | ▼ 18.5% |
| Current portion of amounts payable after more than one year42 | €90,921 | €95,026 | €99,352 | €103,912 | €108,719 | ▲ 4.6% |
| Trade debts44 | €24,133 | €51,645 | €24,009 | €32,318 | €33,958 | ▲ 5.1% |
| Suppliers440/4 | €24,133 | €51,645 | €24,009 | €32,318 | €33,958 | ▲ 5.1% |
| Taxes, remuneration and social security45 | €569,714 | €417,611 | €441,831 | €479,546 | €359,315 | ▼ 25.1% |
| Taxes450/3 | €92,249 | €91,227 | €87,691 | €80,309 | €6,821 | ▼ 91.5% |
| Remuneration and social security454/9 | €477,464 | €326,384 | €354,140 | €399,237 | €352,494 | ▼ 11.7% |
| Accrued charges and deferred income492/3 | €37,483 | €33,475 | €21,145 | €13,355 | €16,823 | ▲ 26.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €219,747 | €44,281 | -€78,976 | €25,386 | €44,477 | ▲ 75.2% |
| + Depreciation and write-downs630 | €201,052 | €196,829 | €177,197 | €218,767 | €253,106 | ▲ 15.7% |
| Operating cash flow (approximation) | €420,799 | €241,111 | €98,221 | €244,153 | €297,583 | ▲ 21.9% |
| Investment in fixed assets (approximation) | - | -€37,630 | -€39,784 | -€401,722 | -€303,479 | ▲ 24.5% |
| Change in cash | - | €69,366 | €22,190 | €780,360 | -€295,803 | ▼ 138% |
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
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €25,386
Net result €25,386 after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€78,976
Net result drops to -€78,976, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €302,398 ▲94.1%
Net result €302,398, the highest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-04
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 11 acts read
About the unread acts
We know of 11 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
11 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, Ronse · 1 establishment unit since 2006
Ground area
1.5 ha
Building footprint
7,129 m²
Volume, LiDAR
44,223 m³
Parcel 45041B0732/00S000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Arcor vzw
since 20062.154.444.531
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45041B0732/00S000 | Flanders | 1.5 ha | 1 · 7,129 m² | 10.4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 19 entries · 8,891,791 EUR awarded · 8,843,982 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 2,361,882 EUR | 2,384,436 EUR |
| 2024 | 6 | 2,323,622 EUR | 2,318,622 EUR |
| 2023 | 5 | 2,246,379 EUR | 2,244,030 EUR |
| 2022 | 3 | 1,959,908 EUR | 1,896,894 EUR |
Schemes
Recognitions · licences · registrations
Recognised contractor
1 categoryARCOR VZW43584
Food safety, FASFC
1 siteRonse/Renaix2.154.444.531
Recognised sheltered-work company
1 live approvalRecognised sheltered-work company
Quality registration as a provider
1 live approvalQuality registration as a provider
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Of 283 companies in sector 88993 we hold annual accounts for 246. 206 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded08-11-1966
Fiscal year end31-12
Activities, NACEBEL 2025
88993Social work activities without accommodation
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0410962274
Registered
12-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.