ARCUS
ActiveARCUS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.07M and a net result of €-172k. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▼-30
Solvency93=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.75 in 2024; short-term debt: 22.3% and cash: 11.7% of total assets), and 32.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
67.6%
Return on assets
-3.8%
Age of the figures
12 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 €-172k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
32 d early
2022
3 d early
2021
60 d late
2020
3 d late
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.07M▼ 5.3%
2024 · €3.25M
2018: €3.86M
2019: €3.83M
2020: €3.76M
2021: €3.69M
2022: €3.38M
2023: €3.45M
2024: €3.25M
2018 → 2025
Total assets
€4.55M▼ 5.1%
2024 · €4.79M
2018: €5.22M
2019: €5.08M
2020: €5.08M
2021: €4.96M
2022: €4.56M
2023: €6.15M
2024: €4.79M
2018 → 2025
Net result
€-172k▼ 92.3%
2024 · €-89k
2018: €307
2019: €-36k
2020: €-71k
2021: €-65k
2022: €-114k
2023: €69k
2024: €-89k
2018 → 2025
Working capital
€-306k▼ 16.0%
2024 · €-264k
2018: €-661k
2019: €-727k
2020: €-736k
2021: €-808k
2022: €424k
2023: €-38k
2024: €-264k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.69M-€3.38M▼ 8.5%€3.45M▲ 2.0%€3.25M▼ 5.8%€3.07M▼ 5.3%
Operating result€-47k-€-97k▼ 109%€-36k▲ 63.1%€-57k▼ 58.2%€-146k▼ 158%
Net result€-65k-€-114k▼ 76.3%€69k€-89k€-172k▼ 92.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €146k in 2025 against €57k 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 €4.55M
Fixed assets
€3.84M▼ 4.5%
Current assets
€710k▼ 8.4%
Equity and liabilities €4.55M
Equity
€3.07M▼ 5.3%
Debt
€1.47M▼ 4.7%
The debt ratio rises from 32.3% to 32.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€51k▼
2024 · €164k
Cash flow
€25k▼
2024 · €131k
Solvency
67.6%▼
2024 · 67.7%
Current ratio
0.70▼
2024 · 0.75
Quick ratio
0.70▼
2024 · 0.75
Debt / equity
0.48▲
2024 · 0.48
ROE
-5.6%▼
2024 · -2.7%
ROA
-3.8%▼
2024 · -1.9%
Interest coverage
2.02▼
2024 · 5.40
Debt
€1.47M▼
2024 · €1.55M
Debt ≤ 1 year
€1.02M▼
2024 · €1.04M
Debt > 1 year
€450k▼
2024 · €507k
Income taxes
€631▼
2024 · €2k
Staff costs
€89k▲
2024 · €68k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.79M€4.55M▼
Fixed assets21/28€4.02M€3.84M▼
Tangible fixed assets22/27€2.26M€2.08M▼
Land and buildings22€2.23M€2.06M▼
Furniture and vehicles24€21k€13k▼
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€1.76M€1.76M=
Current assets29/58€775k€710k▼
Amounts receivable within one year40/41€608k€163k▼
Trade receivables40€35k€58k▲
Other amounts receivable41€573k€106k▼
Cash at bank and in hand54/58€163k€532k▲
Deferred charges and accrued income490/1€4k€14k▲
Equity and liabilities
Total equity and liabilities10/49€4.79M€4.55M▼
Equity10/15€3.25M€3.07M▼
Contributions10/11€1.82M€1.82M=
Capital10€1.82M€1.82M=
Issued capital100€1.82M€1.82M=
Reserves13€1.68M€1.68M=
Non-distributable reserves130/1€70k€70k=
Legal reserve130€70k€70k=
Distributable reserves133€1.61M€1.61M=
Profit (loss) carried forward14€-253k€-425k▼
Amounts payable17/49€1.55M€1.47M▼
Amounts payable after more than one year17€507k€450k▼
Financial debts170/4€505k€447k▼
Other amounts payable178/9€2k€3k▲
Amounts payable within one year42/48€1.04M€1.02M▼
Current portion of amounts payable after more than one year42€85k€58k▼
Trade debts44€64k€75k▲
Suppliers440/4€64k€75k▲
Taxes, remuneration and social security45€38k€37k▼
Taxes450/3€32k€30k▼
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48€851k€846k▼
Accrued charges and deferred income492/3-€7k
Income statement
Code20242025
Non-recurring operating income76A-€6k
Remuneration, social security and pensions62€68k€89k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€221k€197k▼
Other operating charges640/8€43k€52k▲
Gross operating margin9900€274k€193k▼
Operating profit (loss)9901€-57k€-146k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€30k€25k▼
Recurring financial charges65€30k€25k▼
Profit (loss) for the period before taxes9903€-87k€-171k▼
Income taxes67/77€2k€631▼
Profit (loss) for the period9904€-89k€-172k▼
Profit (loss) for the period to be appropriated9905€-89k€-172k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-253k€-425k▼
Profit (loss) brought forward from the previous period14P€-164k€-253k▼
Transfer from equity791/2€112k€0▼
Profit to be distributed694/7€112k€0▼
Return on contributions (dividend)694€112k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-172k
Net result drops to €-172k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €69k
Net result €69k after 4 loss-making years.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 9current ratio 1.42
Current ratio from 0.16 to 1.42.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-01
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 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, Leuven · 1 establishment unit since 1996
Ground area
3,258 m²
Building footprint
361 m²
Volume, LiDAR
2,885 m³
2 parcels, Flanders · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Tiensevest 186, 3000 Leuven
since 19962.075.544.731
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24432H0037/00M015 | Flanders | 3,174 m² | 1 · 275 m² | 18.6 m · 2 fl. |
| 24502B0320/02W002 | Flanders | 84 m² | 1 · 86 m² | 16.2 m · 5 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 82,570 companies in sector 70200 we hold annual accounts for 52,573. 15,603 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-10-1995
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.