ARCUS
ActiveSummary
ARCUS has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of -€171,625. Equity has been shrinking by about 3.6% per year since 2019. Its solvency ranks better than 63% of 39,293 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-10-1995 Normal situation
- Activity
- Business and other management consultancy NACE 70200
- Joint committees
- 100 Auxiliary committee for blue-collar workers
- 200 Auxiliary committee for white-collar workers · annual accounts 30-09-2025
- Establishment unit
- 2.075.544.731 3000 Leuven, since 08-03-1996
- Financial year end
- 30 September
- Peppol
- Reachable since 07-11-2025
Board and ownership
- Drieskens IsabelleManaging director
- Everaerts HannahDirector · since 06-07-2021
- Everaerts MatthiasDirector · since 06-07-2021
- Holdings
- Shares in 1 company BELICO
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €192,850
- ▼ 29.7%
- Turnover
- ≈ €330,000
- estimated
- Loss
- €171,625
- ▲ 92.3%
- Equity
- €3.1m
- ▼ 5.3%
- Total assets
- €4.5m
- ▼ 5.1%
- Employees on 30-09-2025
- 1
- =
Score breakdownraises riskLoss of €171,625, the second in a row (financial year 2025)lowers riskSize: total assets €4.5mFigures for financial year 2025 (filed on 30-04-2026)Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, small). It does better than 64% of them on solvency, 76% on liquidity, 17% on profitability and 19% on growth.
The bankruptcy probability was computed on 04-11-2026 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 30-09-2025.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 30 filings
Every figure per financial year
The operating result for 2025 is a loss of €145,786, larger than the loss of €56,542 in 2024. It is the lowest result since 2019.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| part-time | 0 | 0 | 0 |
| in full-time equivalents | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 |
| Joined | 1 | - | - |
| Left | 0 | - | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €23,744 | €1.2m | €111,200 | €17,428 |
| Depreciation and write-downs of the year | €158,894 | €163,546 | €165,876 | €220,588 | €196,666 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €14,280 | - | - | €5,908 | - |
| Remuneration, social security and pensions62 | - | - | - | €628 | €68,249 | €67,906 | €89,475 | ▲ 31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €155,997 | €158,886 | €158,894 | €163,546 | €165,876 | €220,588 | €196,666 | ▼ 10.8% |
| Other operating charges640/8 | - | - | €19,390 | €28,043 | €19,904 | €42,502 | €52,494 | ▲ 23.5% |
| Non-recurring operating charges66A | - | - | - | €169,100 | - | - | - | - |
| Gross operating margin9900 | €176,683 | €152,430 | €131,781 | €264,337 | €218,280 | €274,455 | €192,850 | ▼ 29.7% |
| Operating profit (loss)9901 | -€5,725 | -€46,724 | -€46,503 | -€96,980 | -€35,748 | -€56,542 | -€145,786 | ▼ 158% |
| Financial income75/76B | - | - | €3,000 | €32 | €174,000 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €27 | €3,000 | €32 | €174,000 | €0 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | €20,299 | €14,782 | €10,491 | €30,386 | €25,208 | ▼ 17.0% |
| Recurring financial charges65 | €30,677 | €23,948 | €20,299 | €14,782 | €10,491 | €30,386 | €25,208 | ▼ 17.0% |
| Non-recurring financial charges66B | - | - | - | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€36,402 | -€70,645 | -€63,802 | -€111,730 | €127,760 | -€86,927 | -€170,994 | ▼ 96.7% |
| Income taxes67/77 | - | - | €735 | €2,057 | €58,613 | €2,343 | €631 | ▼ 73.1% |
| Profit (loss) for the period9904 | -€36,402 | -€70,645 | -€64,537 | -€113,787 | €69,148 | -€89,271 | -€171,625 | ▼ 92.3% |
| Profit (loss) for the period to be appropriated9905 | -€36,402 | -€70,645 | -€64,537 | -€113,787 | €69,148 | -€89,271 | -€171,625 | ▼ 92.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €5.1m | €5.1m | €5.0m | €4.6m | €6.2m | €4.8m | €4.5m | ▼ 5.1% |
| Fixed assets21/28 | €5.1m | €5.0m | €4.8m | €3.1m | €4.1m | €4.0m | €3.8m | ▼ 4.5% |
| Tangible fixed assets22/27 | €1.7m | €1.7m | €1.5m | €1.4m | €2.4m | €2.3m | €2.1m | ▼ 7.9% |
| Land and buildings22 | - | - | €1.4m | €1.3m | €2.3m | €2.2m | €2.1m | ▼ 7.6% |
| Furniture and vehicles24 | - | - | €0.05m | €0.06m | €0.04m | €0.02m | €0.01m | ▼ 38.9% |
| Other tangible fixed assets26 | - | - | €0.01m | €0.008m | €0.005m | €0.002m | €0.001m | ▼ 16.1% |
| Financial fixed assets28 | €3.3m | €3.3m | €3.3m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Current assets29/58 | €0.03m | €0.1m | €0.2m | €1.4m | €2.0m | €0.8m | €0.7m | ▼ 8.4% |
| Amounts receivable within one year40/41 | €0.008m | €0.08m | €0.1m | €1.4m | €1.0m | €0.6m | €0.2m | ▼ 73.1% |
| Trade receivables40 | - | - | €0.09m | €0.02m | €0.04m | €0.03m | €0.06m | ▲ 65.4% |
| Other amounts receivable41 | - | - | €0.03m | €1.4m | €1.0m | €0.6m | €0.1m | ▼ 81.5% |
| Cash at bank and in hand54/58 | €0.02m | €0.03m | €0.03m | €0.03m | €1.0m | €0.2m | €0.5m | ▲ 226% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.005m | €0.004m | €0.01m | ▲ 265% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €5.1m | €5.1m | €5.0m | €4.6m | €6.2m | €4.8m | €4.5m | ▼ 5.1% |
| Equity10/15 | €3.8m | €3.8m | €3.7m | €3.4m | €3.4m | €3.2m | €3.1m | ▼ 5.3% |
| Contributions10/11 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Capital10 | - | - | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Issued capital100 | - | - | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Reserves13 | €2.0m | €2.0m | €2.0m | €1.8m | €1.8m | €1.7m | €1.7m | = |
| Non-distributable reserves130/1 | - | - | €0.2m | €0.2m | €0.2m | €0.07m | €0.07m | = |
| Legal reserve130 | - | - | €0.2m | €0.2m | €0.2m | €0.07m | €0.07m | = |
| Distributable reserves133 | - | - | €1.8m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Profit (loss) carried forward14 | €0.02m | -€0.05m | -€0.1m | -€0.2m | -€0.2m | -€0.3m | -€0.4m | ▼ 67.7% |
| Amounts payable17/49 | €1.3m | €1.3m | €1.3m | €1.2m | €2.7m | €1.5m | €1.5m | ▼ 4.7% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.3m | €0.2m | €0.6m | €0.5m | €0.4m | ▼ 11.2% |
| Financial debts170/4 | - | - | €0.3m | €0.2m | €0.6m | €0.5m | €0.4m | ▼ 11.5% |
| Other amounts payable178/9 | - | - | - | - | €0.002m | €0.002m | €0.003m | ▲ 67.3% |
| Amounts payable within one year42/48 | €0.8m | €0.9m | €1.0m | €1.0m | €2.1m | €1.0m | €1.0m | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | - | €0.1m | €0.1m | €0.09m | €0.09m | €0.06m | ▼ 32.1% |
| Trade debts44 | €0.002m | €0.06m | €0.07m | €0.04m | €1.1m | €0.06m | €0.08m | ▲ 18.1% |
| Suppliers440/4 | - | - | €0.07m | €0.04m | €1.1m | €0.06m | €0.08m | ▲ 18.1% |
| Taxes, remuneration and social security45 | - | - | €0.02m | €0.04m | €0.04m | €0.04m | €0.04m | ▼ 3.1% |
| Taxes450/3 | - | - | €0.02m | €0.04m | €0.03m | €0.03m | €0.03m | ▼ 5.0% |
| Remuneration and social security454/9 | - | - | €130 | - | €0.006m | €0.006m | €0.007m | ▲ 6.4% |
| Other amounts payable47/48 | - | - | €0.7m | €0.8m | €0.8m | €0.9m | €0.8m | ▼ 0.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.007m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.04m | -€0.07m | -€0.06m | -€0.1m | €0.07m | -€0.09m | -€0.2m | ▼ 92.3% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 10.8% |
| Operating cash flow (approximation) | €0.1m | €0.09m | €0.09m | €0.05m | €0.2m | €0.1m | €0.03m | ▼ 80.9% |
| Investment in fixed assets (approximation) | - | -€0.07m | €0 | €1.5m | -€1.2m | -€0.1m | -€0.02m | ▲ 84.3% |
| Change in cash | - | €0.02m | -€0.007m | €0.004m | €0.9m | -€0.8m | €0.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as ARCUS has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARCUS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 12,322 companies, not a prediction for ARCUS. 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.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00094933 | |
| 30-09-2024 | micro format | 29-04-2025 | 2025-00079462 | |
| 30-09-2023 | micro format | 29-03-2024 | 2024-00052836 | |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00068457 | |
| 30-09-2021 | micro format | 29-06-2022 | 2022-20115832 | |
| 30-09-2020 | micro format | 03-05-2021 | 2021-13100294 | |
| 30-09-2019 | abbreviated format | 30-03-2020 | 2020-08000321 | |
| 30-09-2018 | abbreviated format | 31-01-2019 | 2019-03700522 | |
| 30-09-2017 | abbreviated format | 01-03-2018 | 2018-06000291 | |
| 30-09-2016 | abbreviated format | 09-01-2017 | 2017-00700392 |
Board & ownership
Directors
Board 3
Day-to-day management 1
Owners and capital
Owners
Mandate history
- Board
- Day-to-day management
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Drieskens Isabelle |
|
| Everaerts Hannah |
|
| Everaerts Matthias |
|
| Belico BV |
|
| Everaerts Werner |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- BELICOsubsidiarySourceown accounts 30-09-2023Equity €1.0m Loss of €34,521 in 2025 (profit of €218,951 in 2024) Checked score 8799.83%
Board mandates elsewhere
1 board mandateCompanies at the same address
1 other companyConnections & network
3 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Deeds, filings and financial milestones
09-11
Gazette deed
3 directors appointed, 2 directors resigningResignations: Everaerts Werner (managing director) and Belico BV (director) · Appointments: Drieskens Isabelle, Everaerts Hannah and Everaerts Matthias7 points ▸
- General meeting, 10-07-2021
- Director resignation, Everaerts Werner (managing director)
- Director resignation, Belico BV
- Director appointment, Drieskens Isabelle
- Director appointment, Everaerts Hannah
- Director appointment, Everaerts Matthias
- Director appointment, Drieskens Isabelle (managing director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24432H0037/00M015 | Flanders | 3,174 m² | 1 · 275 m² | 18.6 m · 2 |
| 24502B0320/02W002 | Flanders | 84 m² | 1 · 86 m² | 16.2 m · 5 |