Arctic IT
ActiveArctic IT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €89k and a net result of €70k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
78
/ 100
Excellent▼ -16 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency60▼-8
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.54 in 2023), and 66.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
16 d early
2022
33 d early
2021
27 d early
2020
31 d early
2019
21 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€89k▼ 28.6%
2023 · €124k
2018: €33k
2019: €82k
2020: €146k
2021: €58k
2022: €107k
2023: €124k
2018 → 2024
Total assets
€264k▼ 23.2%
2023 · €344k
2018: €107k
2019: €169k
2020: €230k
2021: €120k
2022: €171k
2023: €344k
2018 → 2024
Net result
€70k▼ 32.4%
2023 · €104k
2018: €21k
2019: €49k
2020: €57k
2021: €37k
2022: €49k
2023: €104k
2018 → 2024
Working capital
€47k▼ 47.5%
2023 · €89k
2018: €20k
2019: €65k
2020: €142k
2021: €50k
2022: €111k
2023: €89k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€146k-€58k▼ 60.5%€107k▲ 85.2%€124k▲ 16.5%€89k▼ 28.6%
Operating result€73k-€47k▼ 35.6%€62k▲ 33.0%€134k▲ 116%€92k▼ 31.8%
Net result€57k-€37k▼ 35.7%€49k▲ 32.8%€104k▲ 112%€70k▼ 32.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €264k
Fixed assets
€74k▼ 17.9%
Current assets
€191k▼ 25.1%
Equity and liabilities €264k
Equity
€89k▼ 28.6%
Debt
€176k▼ 20.2%
The debt ratio rises from 63.9% to 66.4%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€113k▼
2023 · €141k
Cash flow
€91k▼
2023 · €110k
Solvency
33.6%▼
2023 · 36.1%
Current ratio
1.33▼
2023 · 1.54
Quick ratio
1.33▼
2023 · 1.54
Debt / equity
1.98▲
2023 · 1.77
ROE
79.1%▼
2023 · 83.5%
ROA
26.5%▼
2023 · 30.1%
Interest coverage
40.25▼
2023 · 178.21
Debt
€176k▼
2023 · €220k
Debt ≤ 1 year
€144k▼
2023 · €166k
Debt > 1 year
€32k▼
2023 · €48k
Income taxes
€19k▼
2023 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€344k€264k▼
Fixed assets21/28€90k€74k▼
Tangible fixed assets22/27€90k€74k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€90k€74k▼
Current assets29/58€255k€191k▼
Amounts receivable within one year40/41€101k€71k▼
Trade receivables40€101k€70k▼
Other amounts receivable41€4€1k▲
Current investments50/53-€23k
Cash at bank and in hand54/58€154k€95k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€344k€264k▼
Equity10/15€124k€89k▼
Contributions10/11€19k€19k=
Reserves13€106k€70k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€106k€70k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€220k€176k▼
Amounts payable after more than one year17€48k€32k▼
Financial debts170/4€48k€32k▼
Amounts payable within one year42/48€166k€144k▼
Current portion of amounts payable after more than one year42€16k€16k▲
Trade debts44€11k€8k▼
Suppliers440/4€11k€8k▼
Taxes, remuneration and social security45€19k€26k▲
Taxes450/3€19k€26k▲
Other amounts payable47/48€121k€94k▼
Accrued charges and deferred income492/3€7k€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€21k▲
Other operating charges640/8€310€1k▲
Gross operating margin9900€141k€114k▼
Operating profit (loss)9901€134k€92k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€790€3k▲
Recurring financial charges65€790€3k▲
Profit (loss) for the period before taxes9903€134k€89k▼
Income taxes67/77€30k€19k▼
Profit (loss) for the period9904€104k€70k▼
Profit (loss) for the period to be appropriated9905€104k€70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€104k€70k▼
Transfer from equity791/2€86k€106k▲
Transfer to equity691/2€104k€70k▼
To other reserves6921€104k€70k▼
Profit to be distributed694/7€86k€106k▲
Return on contributions (dividend)694€86k€106k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €104k ▲112%
Operating result €134k, net result €104k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €107k ▲85.2%
5 profitable years in a row build equity to €107k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €146k ▲77.7%
3 profitable years in a row build equity to €146k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kattendijkdok-Westkaai 912000 AntwerpenGround area
1.5 ha
Building footprint
568 m²
Volume, LiDAR
1,793 m³
2 parcels, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Arctic IT
since 20182.272.758.894
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0129/05_000 | Flanders | 1.5 ha | 1 · 405 m² | 0.2 m |
| 13434F0529/00D003 | Flanders | 506 m² | 1 · 163 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,807 companies in sector 62100 we hold annual accounts for 8,747. 6,919 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2018
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.