Filings
20 annual accounts since 2006
The last five annual accounts were filed 20 to 96 days before the end of the period.
ARCOR
Lifetime
18 annual accounts with figures on one time axis, 20 filings since 2006peak €1.5m (2021)
-not published
lowest -€78,976 (2023)
€44,477▲ 75.2%
peak €3.7m (2024)
€3.6m▼ 1.9%
€734,335▼ 23.0%
peak 120.2 FTE (2018)
116.3 FTE▼ 2.8%
Board11 names since 2018
8 directorsAndré Van Butsel and 7 others
Documentsfilings and deeds
20-05-202672 days before the deadline
2025abbreviated format
Result from €25,386 to €44,477Debts from €953,371 to €734,335
Key points
from the 2025 annual accountsPosition in the sector
83.2%
Higher solvency than 87% of companies in social work without accommodation. Sector median 54.7% · 488 companies.
Public support
€8.9m awarded from 2022 to 2025
Flemish support, mostly Erkenning en subsidiëring als maatwerkafdeling.
Checked score
96
Excellent
Financially stronger than 66% of medium-sized companies in social work without accommodation (NACE 88)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 218 companies (NACE 88, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025highest value
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Legal form: non-profit association
Liquidity: current ratio 5.69, cash €2.0m
Equity €3.6m (83.2% of total assets)
Founded in 1966
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 88, medium-sized). It does better than 91% of them on solvency, 99% on liquidity, 45% on profitability and 28% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as ARCOR has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of ARCOR itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for ARCOR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €340,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.69 (5.19 in 2024), above the usual 1.5. Short-term debt is 11.5% and cash 45.3% of total assets. 16.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 days early
2024
87 days early
2023
20 days early
2022
75 days early
2021
96 days early
2020
54 days early
2019
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 60 days before the deadline. In the sector (NACE 88), the median for financial year 2024 was 24 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0410962274
8 directors reappointed
Ferrant Michel, Claudine De Wolf, Lydie Verplancken, Vicky Provost, André Van Butsel, Yves Sadoine and 2 others · Permanent representative: Vincent Koopman · General meeting of 19-04-2024 · Gazette deed
3 directors appointed
Appointments: Valk Edward (director general), Van Butsel André (day-to-day manager) and DEMEULENAERE Thijs · Admission: DEMEULENAERE Thijs (member) · General meeting of 21-04-2023 · Gazette deed
Reappointment: Vyvey & C° Bedrijfsrevisoren BV (statutory auditor)
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARCOR Ronse | - | - | 83.2% | 116.3 |
| ATE-Les Ateliers d' Ensival Verviers | €1.6m | 20.5% | 82.7% | 83 |
| Centre d'Adaptation et de Reclassement professionnel Philippeville | €3.2m | 13.6% | 59.6% | 122.9 |
| De Dagmoed Geraardsbergen | - | - | 49.7% | 89.3 |
| Etablissements Deneyer La Louvière | - | - | 0.9% | 157.9 |
| L'Entraide par le Travail d'Enghien et Environs Enghien | €2.4m | 7.0% | 12.4% | 123.5 |
| LA LORRAINE SERVICES Arlon | - | - | 55.9% | 156.5 |
These companies have the same main activity as ARCOR: social work activities without accommodation (NACE 88993). They are comparable in size and age: total assets between €2.6m and €5m, founded between 1967 and 1976.
Official details
Source: KBO- Status
- Active since 08-11-1966Normal situation
- Activity
- Social work activities without accommodationNACE 88993
- Joint committee
- 327.01Sheltered and social workshops · annual accounts 2025
- Establishment unit
- 2.154.444.5319600 Ronse, since 14-06-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Annual accounts 2025
- ≈ €4.4mestimated
- €4.4m▼ 6.2%
- Employeeson 31-12-2025
- 125▲ 1.6%
- Filing
- Filed on 20-05-2026, 72 days before the end of the filing period
Insights on ARCOR
ARCOR has been active since 1966 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.6m and a net result of €44,477, of which €32,147 non-recurring income.
Equity has been stable since 2018 (±2.9% per year). Its solvency ranks better than 88% of 488 sector peers (NACE 88, financial year 2025).
The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARCOR
- What is the company number of ARCOR?
- The company number of ARCOR is 0410.962.274. The VAT number is the same number with BE in front: BE 0410.962.274.
- Where is ARCOR based?
- The registered office is at Ninovestraat 106, 9600 Ronse.Company details
- What does ARCOR do?
- According to the KBO register, the main activity is social work activities without accommodation (NACE 88993).
- What is the legal form of ARCOR?
- ARCOR is a non-profit association (VZW).
- When was ARCOR founded?
- ARCOR was founded on 08-11-1966.
- Is ARCOR still active?
- Yes, ARCOR is an active enterprise in the KBO register.
- How many employees does ARCOR have?
- ARCOR had an average of 116.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ARCOR fall under?
- In its 2025 annual accounts, ARCOR states joint committee 327.01 (Sheltered and social workshops).
- What is the turnover of ARCOR?
- The turnover in financial year 2025 is ≈ €4.4m. This figure is estimated from the gross margin of €4.1m and 32 comparable companies (NACE 88). It probably lies between €4.2m and €4.9m. In financial year 2023 turnover was €1.4m.
- Is ARCOR profitable?
- In financial year 2025, ARCOR made a profit of €44,477.
- Where can I find the annual accounts of ARCOR?
- ARCOR filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARCOR due?
- ARCOR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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