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ARCUS

Active
Public limited companyfounded 1995active for 31 yearsWaversebaan 294, 3001 Leuven, BelgiumKBO/BCE: BE 0457.094.880
Summary

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

Board

Financial position

93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 30-09-2025
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

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 44% of small companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Average
Solvency 93=
equity 67.6% of total assets
Liquidity 57+10
short-term debt 22.3% · cash 11.7%
Profitability 31-30
return on assets -3.8%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (4,518 companies, NACE 70, small)
Last 24 months 12-2024: < 0.1%lowest value 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: 0.1%▲ +0.1 percentage points vs 03-2026highest value 05-2026: < 0.1%▼ -0.1 percentage points vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €280,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.7 (0.75 in 2024), below 1. Short-term debt is 22.3% and cash 11.7% of total assets. 32.4% of the assets are financed with debt and provisions.
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).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €4.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €171,625, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 30-04-2026)
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
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 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€171,625
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 filings
Deviation from the deadline
2025
on the day
2024
1 day early
2023
32 days early
2022
3 days early
2021
60 days late
2020
3 days late
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end05-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 30-04-2026 PDF all 30 filings

Turnover
≈ €330,000
Estimated: probably between €280,000 and €390,000
Total assets
€4.5m▼ 5.1%
2024 · €4.8m
Net result
-€171,625▼ 92.3%
2024 · -€89,271
Working capital
-€306,422▼ 16.0%
2024 · -€264,078
Multi-year overview
2019 to 2025, 7 financial years
Operating result
-€145,786
▼ 158% 2025
20192025
Net result
-€171,625
▼ 92.3% 2025
lowest quarter of the sector
20192025
Equity
€3.1m
▼ 5.3% 2025
highest quarter of the sector
20192025
Total assets
€4.5m
▼ 5.1% 2025
highest quarter of the sector
20192025
Debt
€1.5m
▼ 4.7% 2025
20192025
Working capital
-€306,422
▼ 16.0% 2025
lowest quarter of the sector
20192025
Solvency
67.6%
▼ 0.1pp 2025
middle half of the sector
20192025
Current ratio
0.70
▼ 0.05 2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-3.8%
▼ 1.9pp 2025
lowest quarter of the sector
20192025
Staff (FTE)
1
= 2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€0.006m--€0.05m▼ 716%-€0.05m▲ 0.5%-€0.1m▼ 109%-€0.04m▲ 63.1%-€0.06m▼ 58.2%-€0.1m▼ 158%
Net result-€0.04m--€0.07mbelow the sector's middle half▼ 94.1%-€0.06mbelow the sector's middle half▲ 8.6%-€0.1mbelow the sector's middle half▼ 76.3%€0.07mabove the sector's middle half-€0.09mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 92.3%
Equity€3.8m-€3.8mabove the sector's middle half▼ 1.8%€3.7mabove the sector's middle half▼ 1.7%€3.4mabove the sector's middle half▼ 8.5%€3.4mabove the sector's middle half▲ 2.0%€3.2mabove the sector's middle half▼ 5.8%€3.1mabove the sector's middle half▼ 5.3%
Total assets€5.1m-€5.1mabove the sector's middle half=€5.0mabove the sector's middle half▼ 2.4%€4.6mabove the sector's middle half▼ 8.0%€6.2mabove the sector's middle half▲ 34.9%€4.8mabove the sector's middle half▼ 22.1%€4.5mabove the sector's middle half▼ 5.1%
Debt€1.3m-€1.3m▲ 5.7%€1.3m▼ 4.4%€1.2m▼ 6.7%€2.7m▲ 129%€1.5m▼ 42.9%€1.5m▼ 4.7%
Working capital-€0.7m--€0.7mbelow the sector's middle half▼ 1.3%-€0.8mbelow the sector's middle half▼ 9.7%€0.4mabove the sector's middle half-€0.04mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 602%-€0.3mbelow the sector's middle half▼ 16.0%
Solvency75.3%-73.9%within the sector's middle half▼ 1.4pp74.5%within the sector's middle half▲ 0.5pp74.1%within the sector's middle half▼ 0.4pp56.0%within the sector's middle half▼ 18.0pp67.7%within the sector's middle half▲ 11.7pp67.6%within the sector's middle half▼ 0.1pp
Current ratio0.03-0.14below the sector's middle half▲ 0.100.16below the sector's middle half▲ 0.021.42within the sector's middle half▲ 1.260.98below the sector's middle half▼ 0.430.75below the sector's middle half▼ 0.240.70below the sector's middle half▼ 0.05
Return on assets (ROA)-0.7%--1.4%below the sector's middle half▼ 0.7pp-1.3%below the sector's middle half▲ 0.1pp-2.5%below the sector's middle half▼ 1.2pp1.1%below the sector's middle half▲ 3.6pp-1.9%below the sector's middle half▼ 3.0pp-3.8%below the sector's middle half▼ 1.9pp
Staff (FTE)1.8-11=1=
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

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.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.5m
Fixed assets €3.8m ▼ 4.5%
Current assets €709,627 ▼ 8.4%
Equity and liabilities €4.5m
Equity €3.1m ▼ 5.3%
Debt €1.5m ▼ 4.7%
Debt's share of the balance-sheet total rises from 32.3% to 32.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€50,880▼
2024 · €164,046
Cash flow
€25,041▼
2024 · €131,317
Debt to equity
0.48▲
2024 · 0.48
ROE
-5.6%▼
2024 · -2.7%
Interest coverage
2.02▼
2024 · 5.40
Debt ≤ 1 year
€1.0m▼
2024 · €1.0m
Debt > 1 year
€449,998▼
2024 · €506,705
Income taxes
€631▼
2024 · €2,343
Staff costs
€89,475▲
2024 · €67,906
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item30-09-202330-09-202430-09-2025
Employees at the balance-sheet date111
full-time111
part-time000
in full-time equivalents111
Average over the year, in full-time equivalents111
On a permanent contract111
Joined1--
Left0--

Source: social balance sheet in the 2023 to 2025 annual accounts

Investments

fixed assets acquired
Item30-09-202130-09-202230-09-202330-09-202430-09-2025
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)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet Code20242025
Assets
Total assets20/58€4.8m€4.5m▼
Fixed assets21/28€4.0m€3.8m▼
Tangible fixed assets22/27€2.3m€2.1m▼
Land and buildings22€2.2m€2.1m▼
Furniture and vehicles24€0.02m€0.01m▼
Other tangible fixed assets26€0.002m€0.001m▼
Financial fixed assets28€1.8m€1.8m=
Current assets29/58€0.8m€0.7m▼
Amounts receivable within one year40/41€0.6m€0.2m▼
Trade receivables40€0.03m€0.06m▲
Other amounts receivable41€0.6m€0.1m▼
Cash at bank and in hand54/58€0.2m€0.5m▲
Deferred charges and accrued income490/1€0.004m€0.01m▲
Equity and liabilities
Total equity and liabilities10/49€4.8m€4.5m▼
Equity10/15€3.2m€3.1m▼
Contributions10/11€1.8m€1.8m=
Capital10€1.8m€1.8m=
Issued capital100€1.8m€1.8m=
Reserves13€1.7m€1.7m=
Non-distributable reserves130/1€0.07m€0.07m=
Legal reserve130€0.07m€0.07m=
Distributable reserves133€1.6m€1.6m=
Profit (loss) carried forward14-€0.3m-€0.4m▼
Amounts payable17/49€1.5m€1.5m▼
Amounts payable after more than one year17€0.5m€0.4m▼
Financial debts170/4€0.5m€0.4m▼
Other amounts payable178/9€0.002m€0.003m▲
Amounts payable within one year42/48€1.0m€1.0m▼
Current portion of amounts payable after more than one year42€0.09m€0.06m▼
Trade debts44€0.06m€0.08m▲
Suppliers440/4€0.06m€0.08m▲
Taxes, remuneration and social security45€0.04m€0.04m▼
Taxes450/3€0.03m€0.03m▼
Remuneration and social security454/9€0.006m€0.007m▲
Other amounts payable47/48€0.9m€0.8m▼
Accrued charges and deferred income492/3-€0.007m
Income statement Code20242025
Non-recurring operating income76A-€0.006m
Remuneration, social security and pensions62€0.07m€0.09m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m▼
Other operating charges640/8€0.04m€0.05m▲
Gross operating margin9900€0.3m€0.2m▼
Operating profit (loss)9901-€0.06m-€0.1m▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€0.03m€0.03m▼
Recurring financial charges65€0.03m€0.03m▼
Profit (loss) for the period before taxes9903-€0.09m-€0.2m▼
Income taxes67/77€0.002m€0.001m▼
Profit (loss) for the period9904-€0.09m-€0.2m▼
Profit (loss) for the period to be appropriated9905-€0.09m-€0.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.3m-€0.4m▼
Profit (loss) brought forward from the previous period14P-€0.2m-€0.3m▼
Transfer from equity791/2€0.1m€0▼
Profit to be distributed694/7€0.1m€0▼
Return on contributions (dividend)694€0.1m€0▼

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-04-2026.

Line2019202020212022202320242025Change
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%
Line2019202020212022202320242025Change
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-
Line2019202020212022202320242025Change
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.

Download as CSV

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
90.3% was still going
8.6% stopped otherwise
0.7% went bankrupt

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 PDF
30-09-2024 micro format 29-04-2025 2025-00079462 PDF
30-09-2023 micro format 29-03-2024 2024-00052836 PDF
30-09-2022 micro format 27-04-2023 2023-00068457 PDF
30-09-2021 micro format 29-06-2022 2022-20115832 PDF
30-09-2020 micro format 03-05-2021 2021-13100294 PDF
30-09-2019 abbreviated format 30-03-2020 2020-08000321 PDF
30-09-2018 abbreviated format 31-01-2019 2019-03700522 PDF
30-09-2017 abbreviated format 01-03-2018 2018-06000291 PDF
30-09-2016 abbreviated format 09-01-2017 2017-00700392 PDF

Show all 30 filings

Board & ownership

Directors

Directors
3 directors, 1 in day-to-day management, last change in 2021

Board 3

Drieskens Isabelle
Director · since 06-07-2021 · 6-year term from 2021 · listed in the 2025 annual accounts, filed on 30-04-2026
Current
Everaerts Hannah
Director · since 06-07-2021 · 6-year term from 2021 · listed in the 2025 annual accounts, filed on 30-04-2026
Current
Everaerts Matthias
Director · since 06-07-2021 · 6-year term from 2021 · listed in the 2025 annual accounts, filed on 30-04-2026
Current

Day-to-day management 1

Drieskens Isabelle
Managing director · appointed by deed of 09-11-2021
Current

Owners and capital

Mandate history

5 people, 3 in office
Show
  • Board
  • Day-to-day management
  • mandate already running before its first mention
Mandates per person, with start and end dates
Name Functions and periods
Drieskens Isabelle
  • Director, from 06-07-2021 to date
  • Managing director, appointed by deed of 09-11-2021, still in office
Everaerts Hannah
  • Director, from 06-07-2021 to date
Everaerts Matthias
  • Director, from 06-07-2021 to date
Belico BV
  • Director, until 09-11-2021
Everaerts Werner
  • Managing director, until 06-07-2021
  • Managing director, until 06-07-2021
See the board, name and registered office on a given date →

Network & group

Holdings and subsidiaries

1 holding

Holdings 1

Holdings through the years 2011 to 2023
Holdings through the years
Name2011201220132014201520162017201820192020202120222023
BELICO 99.83%
BELIPLUS 50%
ALD INVEST 6%

Source: list of holdings in its own accounts

Board mandates elsewhere

1 board mandate
Board mandates of ARCUSARCUS sits on their board1
Director
Founded in 2021 · total assets €89,165 (2025)

Companies at the same address

1 other company

Connections & network

3 current directors
Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Deeds, filings and financial milestones

Deadline for the 2026 accounts: 30-04-2027
2026
30-04
NBB filing Annual accounts 2025 filedPDF
micro format · on the deadline day
2025
30-09
Financial Weakest financial yearnet -€171,625
The net result drops to -€171,625, the lowest from 2019 to 2025.
29-04
NBB filing Annual accounts 2024 filedPDF
micro format · 1 day before the deadline
2024
29-03
NBB filing Annual accounts 2023 filedPDF
micro format · 32 days before the deadline
2023
30-09
Financial Back to profitnet €69,148
The net result is €69,148, after 4 loss-making years.
27-04
NBB filing Annual accounts 2022 filedPDF
micro format · 3 days before the deadline
2022
30-09
Financial Liquidity more than 8 timescurrent ratio 1.42
The current ratio rises from 0.16 to 1.42.
29-06
NBB filing Annual accounts 2021 filedPDF
micro format · 60 days late
2021
09-11
Gazette deed 3 directors appointed, 2 directors resigning
Resignations: 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)

Open the deed in the Belgian Official Gazette

03-05
NBB filing Annual accounts 2020 filedPDF
micro format · 3 days late
2020
30-03
NBB filing Annual accounts 2019 filedPDF
abbreviated format · 31 days before the deadline
2019
31-01
NBB filing Annual accounts 2018 filedPDF
abbreviated format · 89 days before the deadline
Show earlier events
2018
01-03
NBB filing Annual accounts 2017 filedPDF
abbreviated format · 60 days before the deadline
2017
09-01
NBB filing Annual accounts 2016 filedPDF
abbreviated format · 111 days before the deadline
1996
15-02
Gazette deed Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

ARCUS was incorporated on 10 October 1995.1 Total assets fell from €5.1m in 2019 to €4.5m in 2025 and headcount from 1.8 to 1 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Register details

Identity

KBO record
Name ARCUS in Dutch
Enterprise number 0457.094.880
Legal form Public limited company
Status Active, normal situation
Founded 10-10-1995
Entity type Legal entity

Registered office and establishments

Registered office Waversebaan 294, 3001 Leuven, Belgium
Establishment unit Tiensevest 186, 3000 Leuven since 08-03-1996 · unit number 2.075.544.731

Activities

NACEBEL 2025
VAT activities
70200 Business and other management consultancy main activity
Social security (RSZ) activities
70200 Business and other management consultancy main activity
Codes under NACEBEL 2008
VAT activities
70220 Business consulting main activity
Social security (RSZ) activities
70220 Business consulting main activity
Codes under NACEBEL 2003
74142 main activity
Joint committees 100 Auxiliary committee for blue-collar workers
200 Auxiliary committee for white-collar workers annual accounts 30-09-2025

Invoicing and payment

VAT number BE 0457.094.880
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0457094880
Other Peppol ID 9925:BE0457094880
Registered 07-11-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 30-09

Sites & property

Location
registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Buildings and parcels at the addresses

Ground area
3,258 m²
Building footprint
361 m²
Building volume
2,885 m³
Tallest building: 18.6 m.
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