ARCTURUS
ActiveSummary
ARCTURUS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,935 and a net result of -€73,667. Equity is shrinking by ~9.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 8.8 against 67.65 in 2024; short-term debt: 1.4% and cash: 4.2% of total assets), and 6.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.7%
Return on assets
-48.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€73,667
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 31-03-2026, 122 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
122 d early
2024
20 d late
2023
21 d late
2022
40 d early
2021
32 d early
2020
66 d early
2019
99 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 45 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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, micro schema
Equity
€141,935▼ 34.2%
2024 · €215,602
Total assets
€151,503▼ 32.4%
2024 · €223,982
Net result
-€73,667▼ 73.8%
2024 · -€42,379
Working capital
€16,415▼ 73.1%
2024 · €60,948
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
Operating result-€19,963€10,334-€5,091-€42,359▼ 732%-€73,692▼ 74.0%
Net result-€22,250€6,587-€6,142-€42,379▼ 590%-€73,667▼ 73.8%
Equity€259,136▼ 29.3%€264,123▲ 1.9%€257,981▼ 2.3%€215,602▼ 16.4%€141,935▼ 34.2%
Total assets€524,967▲ 14.6%€441,055▼ 16.0%€329,356▼ 25.3%€223,982▼ 32.0%€151,503▼ 32.4%
Debt€265,831▲ 190%€176,931▼ 33.4%€71,375▼ 59.7%€8,380▼ 88.3%€9,569▲ 14.2%
Working capital€189,853▲ 85.3%€172,300▼ 9.2%€79,327▼ 54.0%€60,948▼ 23.2%€16,415▼ 73.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €73,692 in 2025 against €42,359 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151,503
Fixed assets
€132,985 ▼ 18.0%
Current assets
€18,518 ▼ 70.1%
Equity and liabilities €151,503
Equity
€141,935 ▼ 34.2%
Debt
€9,569 ▲ 14.2%
Debt's share of the balance-sheet total rises from 3.7% to 6.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€46,399▼
2024 · -€15,050
Cash flow
-€46,374▼
2024 · -€15,070
Current ratio
8.80▼
2024 · 67.65
Debt to equity
0.07▲
2024 · 0.04
ROE
-51.9%▼
2024 · -19.7%
ROA
-48.6%▼
2024 · -18.9%
Interest coverage
-229.11▼
2024 · -114.68
Debt ≤ 1 year
€2,103▲
2024 · €914
Debt > 1 year
€7,465=
2024 · €7,465
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 5,827 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,952 | €28,089 | €27,517 | €27,309 | €27,294 | ▼ 0.1% |
| Other operating charges640/8 | €5,405 | €4,075 | €9,255 | €2,924 | €2,585 | ▼ 11.6% |
| Gross operating margin9900 | €35,394 | €42,498 | €31,681 | -€12,126 | -€43,814 | ▼ 261% |
| Operating profit (loss)9901 | -€19,963 | €10,334 | -€5,091 | -€42,359 | -€73,692 | ▼ 74.0% |
| Financial income75/76B | €308 | €625 | €377 | €393 | €228 | ▼ 42.0% |
| Recurring financial income75 | €308 | €625 | €377 | €393 | €228 | ▼ 42.0% |
| Financial charges65/66B | €1,941 | €3,753 | €443 | €131 | €203 | ▲ 54.3% |
| Recurring financial charges65 | €1,941 | €3,753 | €443 | €131 | €203 | ▲ 54.3% |
| Profit (loss) for the period before taxes9903 | -€21,596 | €7,206 | -€5,157 | -€42,097 | -€73,667 | ▼ 75.0% |
| Income taxes67/77 | €654 | €619 | €985 | €282 | - | - |
| Profit (loss) for the period9904 | -€22,250 | €6,587 | -€6,142 | -€42,379 | -€73,667 | ▼ 73.8% |
| Profit (loss) for the period to be appropriated9905 | -€22,250 | €6,587 | -€6,142 | -€42,379 | -€73,667 | ▼ 73.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €524,967 | €441,055 | €329,356 | €223,982 | €151,503 | ▼ 32.4% |
| Fixed assets21/28 | €234,254 | €215,194 | €189,428 | €162,119 | €132,985 | ▼ 18.0% |
| Tangible fixed assets22/27 | €234,254 | €215,194 | €189,428 | €162,119 | €132,985 | ▼ 18.0% |
| Land and buildings22 | €230,779 | €213,083 | €186,358 | €159,633 | €132,882 | ▼ 16.8% |
| Plant, machinery and equipment23 | €1,674 | €310 | €1,270 | €686 | €102 | ▼ 85.1% |
| Other tangible fixed assets26 | €1,800 | €1,800 | €1,800 | €1,800 | - | - |
| Current assets29/58 | €290,713 | €225,861 | €139,928 | €61,862 | €18,518 | ▼ 70.1% |
| Stocks and contracts in progress3 | €8,954 | €8,738 | €5,075 | - | - | - |
| Stocks30/36 | €8,954 | €8,738 | €5,075 | - | - | - |
| Amounts receivable within one year40/41 | €88,513 | €67,101 | €38,985 | €18,015 | €11,000 | ▼ 38.9% |
| Trade receivables40 | €15,123 | €13,720 | €8,462 | - | - | - |
| Other amounts receivable41 | €73,390 | €53,381 | €30,524 | €18,015 | €11,000 | ▼ 38.9% |
| Cash at bank and in hand54/58 | €188,598 | €144,629 | €90,653 | €43,847 | €6,355 | ▼ 85.5% |
| Deferred charges and accrued income490/1 | €4,648 | €5,393 | €5,215 | - | €1,164 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €524,967 | €441,055 | €329,356 | €223,982 | €151,503 | ▼ 32.4% |
| Equity10/15 | €259,136 | €264,123 | €257,981 | €215,602 | €141,935 | ▼ 34.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €217,200 | €217,200 | €217,200 | €217,200 | €217,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €211,000 | €211,000 | €211,000 | €211,000 | €211,000 | = |
| Profit (loss) carried forward14 | -€20,064 | -€15,077 | -€21,219 | -€63,598 | -€137,266 | ▼ 116% |
| Amounts payable17/49 | €265,831 | €176,931 | €71,375 | €8,380 | €9,569 | ▲ 14.2% |
| Amounts payable after more than one year17 | €96,132 | €51,774 | €10,774 | €7,465 | €7,465 | = |
| Other amounts payable178/9 | €96,132 | €51,774 | €10,774 | €7,465 | €7,465 | = |
| Amounts payable within one year42/48 | €100,860 | €53,561 | €60,601 | €914 | €2,103 | ▲ 130% |
| Current portion of amounts payable after more than one year42 | €14,814 | - | - | - | - | - |
| Trade debts44 | €65,908 | €49,290 | €58,020 | - | €2,103 | - |
| Suppliers440/4 | €65,908 | €49,290 | €58,020 | - | €2,103 | - |
| Taxes, remuneration and social security45 | €14,368 | €1,500 | - | €914 | - | - |
| Taxes450/3 | €14,368 | €1,500 | - | €914 | - | - |
| Other amounts payable47/48 | €5,771 | €2,771 | €2,581 | - | - | - |
| Accrued charges and deferred income492/3 | €68,839 | €71,597 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,250 | €6,587 | -€6,142 | -€42,379 | -€73,667 | ▼ 73.8% |
| + Depreciation and write-downs630 | €49,952 | €28,089 | €27,517 | €27,309 | €27,294 | ▼ 0.1% |
| Operating cash flow (approximation) | €27,702 | €34,676 | €21,374 | -€15,070 | -€46,374 | ▼ 208% |
| Investment in fixed assets (approximation) | - | -€9,029 | -€1,751 | €0 | €1,841 | - |
| Change in cash | - | -€43,969 | -€53,976 | -€46,805 | -€37,492 | ▲ 19.9% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€73,667
Net result drops to -€73,667, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Liquidity times 29current ratio 67.65
Current ratio from 2.31 to 67.65; short-term debt falls from €60,601 to €914.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6,587
Net result €6,587 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Nijlen · 1 establishment unit since 1994
Ground area
2,687 m²
Building footprint
318 m²
Volume, LiDAR
2,014 m³
Parcel 12018D0422/00E000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARCTURUS NV
since 19942.069.061.567
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018D0422/00E000 | Flanders | 2,687 m² | 1 · 318 m² | 10.9 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.
Identification & contact
Identification
Legal formPublic limited company
Founded25-05-1994
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452759871
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.