Summary
ARCTURIUS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €22,145 and a net result of -€2,850. Equity is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 27% of 2,981 sector peers (NACE 64, financial year 2025). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
In the rankings
#7 oldest company in Tubize, Finance and insurance sector
Equity
€22,145▼ 11.4%
2024 · €24,995
Net result
-€2,850▼ 1,031%
2024 · -€252
Total assets
€64,507▲ 0.2%
2024 · €64,386
Solvency
34.3%▼ 4.5pp
2024 · 38.8%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €180 after €2,645 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€180
2025
Net result-€2,850
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€64,507
2025
Equity€22,145
2025
Debt€42,363
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€15,355
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-4.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency34.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.64
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€140-€1,980▲ 1,312%€1,990▲ 0.5%€1,879▼ 5.6%-€33,823€6,235€2,645▼ 57.6%-€180
Net result€19-€0▼ 98.5%€2below the sector's middle half▲ 417%€0below the sector's middle half▼ 74.0%-€35,320below the sector's middle half€4,159within the sector's middle half-€252below the sector's middle half-€2,850within the sector's middle half▼ 1,031%
Equity€56,407-€56,407=€56,409within the sector's middle half=€56,409within the sector's middle half=€21,088below the sector's middle half▼ 62.6%€25,247below the sector's middle half▲ 19.7%€24,995below the sector's middle half▼ 1.0%€22,145below the sector's middle half▼ 11.4%
Total assets€81,778-€83,463▲ 2.1%€85,458below the sector's middle half▲ 2.4%€87,513below the sector's middle half▲ 2.4%€54,145below the sector's middle half▼ 38.1%€61,628below the sector's middle half▲ 13.8%€64,386below the sector's middle half▲ 4.5%€64,507below the sector's middle half▲ 0.2%
Debt€25,371-€27,056▲ 6.6%€29,049▲ 7.4%€31,105▲ 7.1%€33,056▲ 6.3%€36,381▲ 10.1%€39,391▲ 8.3%€42,363▲ 7.5%
Working capital-€9,604--€14,801▼ 54.1%-€18,246within the sector's middle half▼ 23.3%-€17,537within the sector's middle half▲ 3.9%-€16,412within the sector's middle half▲ 6.4%-€12,253within the sector's middle half▲ 25.3%-€12,505within the sector's middle half▼ 2.1%-€15,355within the sector's middle half▼ 22.8%
Solvency69.0%-67.6%▼ 1.4pp66.0%within the sector's middle half▼ 1.6pp64.5%within the sector's middle half▼ 1.6pp38.9%within the sector's middle half▼ 25.5pp41.0%within the sector's middle half▲ 2.0pp38.8%within the sector's middle half▼ 2.1pp34.3%within the sector's middle half▼ 4.5pp
Current ratio0.62-0.45▼ 0.170.37below the sector's middle half▼ 0.080.44below the sector's middle half▲ 0.060.50within the sector's middle half▲ 0.070.66within the sector's middle half▲ 0.160.68within the sector's middle half▲ 0.020.64within the sector's middle half▼ 0.05
Return on assets (ROA)0.0%-0.0%=0.0%below the sector's middle half=0.0%below the sector's middle half=-65.2%below the sector's middle half▼ 65.2pp6.7%within the sector's middle half▲ 72.0pp-0.4%below the sector's middle half▼ 7.1pp-4.4%below the sector's middle half▼ 4.0pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64,507
Fixed assets
€37,500 =
Current assets
€27,007 ▲ 0.5%
Equity and liabilities €64,507
Equity
€22,145 ▼ 11.4%
Debt
€42,363 ▲ 7.5%
Debt's share of the balance-sheet total rises from 61.2% to 65.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-12.9%▼
2024 · -1.0%
Debt ≤ 1 year
€42,363▲
2024 · €39,391
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €103 | €129 | €709 | €36,446 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €665 | €2,430 | €2,467 | €2,935 | €2,970 | €6,620 | €3,032 | €219 | ▼ 92.8% |
| Operating profit (loss)9901 | €140 | €1,980 | €1,990 | €1,879 | -€33,823 | €6,235 | €2,645 | -€180 | - |
| Financial income75/76B | - | - | - | €260 | €648 | €887 | €380 | €351 | ▼ 7.6% |
| Recurring financial income75 | €1 | - | - | €260 | €648 | €887 | €380 | €351 | ▼ 7.6% |
| Non-recurring financial income76B | - | - | - | €260 | €648 | €887 | €380 | €351 | ▼ 7.6% |
| Financial charges65/66B | - | - | - | €2,138 | €2,145 | €2,964 | €3,277 | €3,021 | ▼ 7.8% |
| Recurring financial charges65 | €122 | - | - | €2,138 | €2,145 | €2,964 | €3,277 | €3,021 | ▼ 7.8% |
| Non-recurring financial charges66B | - | - | - | €2,138 | €2,145 | €2,964 | €3,277 | €3,021 | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €19 | €0 | €2 | €0 | -€35,320 | €4,159 | -€252 | -€2,850 | ▼ 1,031% |
| Profit (loss) for the period9904 | €19 | €0 | €2 | €0 | -€35,320 | €4,159 | -€252 | -€2,850 | ▼ 1,031% |
| Profit (loss) for the period to be appropriated9905 | €19 | €0 | €2 | €0 | -€35,320 | €4,159 | -€252 | -€2,850 | ▼ 1,031% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €81,778 | €83,463 | €85,458 | €87,513 | €54,145 | €61,628 | €64,386 | €64,507 | ▲ 0.2% |
| Fixed assets21/28 | €66,010 | €71,208 | €74,655 | €73,946 | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Tangible fixed assets22/27 | €28,510 | €33,708 | €37,155 | €36,446 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €26 | - | - | - | - | - |
| Assets under construction and advance payments27 | - | - | - | €36,420 | - | - | - | - | - |
| Financial fixed assets28 | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Current assets29/58 | €15,767 | €12,255 | €10,803 | €13,567 | €16,645 | €24,128 | €26,886 | €27,007 | ▲ 0.5% |
| Stocks and contracts in progress3 | €10,267 | €6,577 | €1,987 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1,842 | €2,082 | €3,592 | €8,882 | €13,451 | €20,337 | €23,260 | €23,603 | ▲ 1.5% |
| Trade receivables40 | - | - | - | €4,858 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €4,024 | €13,451 | €20,337 | €23,260 | €23,603 | ▲ 1.5% |
| Current investments50/53 | €1,237 | €1,238 | €1,239 | €1,240 | €1,240 | €1,241 | €1,244 | €1,248 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €2,421 | €2,358 | €3,985 | €3,446 | €1,954 | €2,550 | €2,382 | €2,156 | ▼ 9.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €81,778 | €83,463 | €85,458 | €87,513 | €54,145 | €61,628 | €64,386 | €64,507 | ▲ 0.2% |
| Equity10/15 | €56,407 | €56,407 | €56,409 | €56,409 | €21,088 | €25,247 | €24,995 | €22,145 | ▼ 11.4% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €4,328 | €4,328 | €4,328 | €4,328 | €4,328 | €4,328 | €4,328 | €4,328 | = |
| Non-distributable reserves130/1 | - | - | - | €4,328 | €4,328 | €4,328 | €4,328 | €4,328 | = |
| Legal reserve130 | - | - | - | €4,328 | €4,328 | €4,328 | €4,328 | €4,328 | = |
| Profit (loss) carried forward14 | -€9,421 | -€9,421 | -€9,419 | -€9,419 | -€44,739 | -€40,581 | -€40,833 | -€43,683 | ▼ 7.0% |
| Amounts payable17/49 | €25,371 | €27,056 | €29,049 | €31,105 | €33,056 | €36,381 | €39,391 | €42,363 | ▲ 7.5% |
| Amounts payable within one year42/48 | €25,371 | €27,056 | €29,049 | €31,105 | €33,056 | €36,381 | €39,391 | €42,363 | ▲ 7.5% |
| Trade debts44 | €328 | €10 | - | €52 | - | €26 | €387 | €406 | ▲ 4.8% |
| Suppliers440/4 | - | - | - | €52 | - | €26 | €387 | €406 | ▲ 4.8% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €481 | - | €73 | - |
| Taxes450/3 | - | - | - | - | - | €481 | - | €73 | - |
| Other amounts payable47/48 | - | - | - | €31,053 | €33,056 | €35,873 | €39,004 | €41,884 | ▲ 7.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19 | €0 | €2 | €0 | -€35,320 | €4,159 | -€252 | -€2,850 | ▼ 1,031% |
| + Depreciation and write-downs630 | - | €103 | €129 | €709 | €36,446 | - | - | - | - |
| Operating cash flow (approximation) | €19 | €103 | €130 | €709 | €1,126 | €4,159 | -€252 | -€2,850 | ▼ 1,031% |
| Investment in fixed assets (approximation) | - | -€5,300 | -€3,576 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€63 | €1,627 | -€539 | -€1,492 | €596 | -€168 | -€226 | ▼ 34.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 30-07-2026 | 2026-00375305 |
| 31-12-2024 | full format | 26-09-2025 | 2025-00511422 |
| 31-12-2023 | full format | 15-07-2024 | 2024-00251239 |
| 31-12-2022 | full format | 29-06-2023 | 2023-00174742 |
| 31-12-2021 | micro format | 10-06-2022 | 2022-20056305 |
| 31-12-2020 | micro format | 22-06-2021 | 2021-22700033 |
| 31-12-2019 | micro format | 30-06-2020 | 2020-26600570 |
| 31-12-2018 | full format | 18-06-2019 | 2019-19700438 |
| 31-12-2017 | full format | 15-06-2018 | 2018-19300003 |
| 31-12-2016 | full format | 25-07-2017 | 2017-36300230 |
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