ArcWorks
ActiveSummary
ArcWorks has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34,870 and a net result of €1,735. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 21% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability60▼-7
Solvency42▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 0.79 in 2023; short-term debt: 6.9% and cash: 3.7% of total assets), but 82.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
17.1%
Return on assets
0.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2438 sector peers (2024).
NBB · sector comparisonPosition among 2438 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
on the day
2021
1 d early
2020
1 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€34,870▲ 5.2%
2023 · €33,135
Total assets
€203,773▼ 15.5%
2023 · €241,072
Net result
€1,735▲ 10.7%
2023 · €1,567
Working capital
€17,149
2023 · -€12,769
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
Line20202021202220232024
Operating result€6,911▼ 13.9%€11,207▲ 62.2%€11,299▲ 0.8%€5,626▼ 50.2%€5,771▲ 2.6%
Net result€3,152▼ 25.5%€7,704▲ 144%€7,041▼ 8.6%€1,567▼ 77.7%€1,735▲ 10.7%
Equity€16,823▲ 23.1%€24,527▲ 45.8%€31,568▲ 28.7%€33,135▲ 5.0%€34,870▲ 5.2%
Total assets€241,432▲ 355%€213,399▼ 11.6%€229,479▲ 7.5%€241,072▲ 5.1%€203,773▼ 15.5%
Debt€224,609▲ 470%€188,873▼ 15.9%€197,911▲ 4.8%€207,937▲ 5.1%€168,903▼ 18.8%
Working capital-€14,194-€5,297▲ 62.7%-€12,502▼ 136%-€12,769▼ 2.1%€17,149
Staff (FTE)0.10.7▲ 600%0.2▼ 71.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 3% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €203,773
Fixed assets
€172,549 ▼ 10.0%
Current assets
€31,224 ▼ 36.6%
Equity and liabilities €203,773
Equity
€34,870 ▲ 5.2%
Debt
€168,903 ▼ 18.8%
Debt's share of the balance-sheet total falls from 86.3% to 82.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,625▲
2023 · €19,583
Cash flow
€16,588▲
2023 · €15,524
Current ratio
2.22▲
2023 · 0.79
Quick ratio
1.89▲
2023 · 0.68
Debt to equity
4.84▼
2023 · 6.28
ROE
5.0%▲
2023 · 4.7%
ROA
0.9%▲
2023 · 0.7%
Interest coverage
4.86▼
2023 · 5.68
Debt ≤ 1 year
€14,075▼
2023 · €62,044
Debt > 1 year
€154,828▲
2023 · €145,893
Income taxes
€515▼
2023 · €809
Staff costs
€6,540▼
2023 · €7,817
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 3,270 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €11,628 | €830 | - | €4,514 | - |
| Remuneration, social security and pensions62 | - | - | €430 | €7,817 | €6,540 | ▼ 16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,614 | €11,658 | €12,214 | €13,957 | €14,854 | ▲ 6.4% |
| Other operating charges640/8 | - | €1,567 | €1,569 | €2,199 | €2,494 | ▲ 13.4% |
| Non-recurring operating charges66A | - | €1,380 | - | €8,264 | €786 | ▼ 90.5% |
| Gross operating margin9900 | €26,269 | €25,812 | €25,513 | €37,863 | €30,445 | ▼ 19.6% |
| Operating profit (loss)9901 | €6,911 | €11,207 | €11,299 | €5,626 | €5,771 | ▲ 2.6% |
| Financial income75/76B | - | €94 | €124 | €197 | €724 | ▲ 267% |
| Recurring financial income75 | €162 | €94 | €124 | €197 | €724 | ▲ 267% |
| Financial charges65/66B | - | €3,517 | €2,881 | €3,448 | €4,245 | ▲ 23.1% |
| Recurring financial charges65 | €3,618 | €3,517 | €2,881 | €3,448 | €4,245 | ▲ 23.1% |
| Profit (loss) for the period before taxes9903 | €3,455 | €7,784 | €8,543 | €2,376 | €2,250 | ▼ 5.3% |
| Income taxes67/77 | €303 | €80 | €1,502 | €809 | €515 | ▼ 36.3% |
| Profit (loss) for the period9904 | €3,152 | €7,704 | €7,041 | €1,567 | €1,735 | ▲ 10.7% |
| Profit (loss) for the period to be appropriated9905 | €3,152 | €7,704 | €7,041 | €1,567 | €1,735 | ▲ 10.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €241,432 | €213,399 | €229,479 | €241,072 | €203,773 | ▼ 15.5% |
| Fixed assets21/28 | €206,464 | €190,040 | €199,892 | €191,797 | €172,549 | ▼ 10.0% |
| Intangible fixed assets21 | €379 | €29 | - | - | - | - |
| Tangible fixed assets22/27 | €206,085 | €190,011 | €199,892 | €191,797 | €172,324 | ▼ 10.2% |
| Land and buildings22 | - | €174,261 | €171,826 | €165,314 | €150,229 | ▼ 9.1% |
| Plant, machinery and equipment23 | - | €12,857 | €13,094 | €17,920 | €11,965 | ▼ 33.2% |
| Furniture and vehicles24 | - | €2,893 | €14,972 | €8,563 | €10,130 | ▲ 18.3% |
| Financial fixed assets28 | - | - | - | - | €225 | - |
| Current assets29/58 | €34,968 | €23,359 | €29,587 | €49,275 | €31,224 | ▼ 36.6% |
| Stocks and contracts in progress3 | €5,403 | €5,720 | €10,373 | €6,933 | €4,639 | ▼ 33.1% |
| Stocks30/36 | - | €5,720 | €10,373 | €6,933 | €4,639 | ▼ 33.1% |
| Amounts receivable within one year40/41 | €19,799 | €15,721 | €15,940 | €40,430 | €17,057 | ▼ 57.8% |
| Trade receivables40 | - | €14,213 | €12,051 | €37,931 | €4,370 | ▼ 88.5% |
| Other amounts receivable41 | - | €1,508 | €3,889 | €2,499 | €12,687 | ▲ 408% |
| Cash at bank and in hand54/58 | €7,475 | €1,576 | €2,532 | €227 | €7,607 | ▲ 3,259% |
| Deferred charges and accrued income490/1 | - | €342 | €743 | €1,686 | €1,921 | ▲ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €241,432 | €213,399 | €229,479 | €241,072 | €203,773 | ▼ 15.5% |
| Equity10/15 | €16,823 | €24,527 | €31,568 | €33,135 | €34,870 | ▲ 5.2% |
| Contributions10/11 | - | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Reserves13 | €9,823 | €17,527 | €24,568 | €26,135 | €27,870 | ▲ 6.6% |
| Non-distributable reserves130/1 | - | €700 | €700 | €700 | €700 | = |
| Reserves not available under the articles1311 | - | €700 | €700 | €700 | €700 | = |
| Distributable reserves133 | - | €16,827 | €23,868 | €25,435 | €27,170 | ▲ 6.8% |
| Amounts payable17/49 | €224,609 | €188,873 | €197,911 | €207,937 | €168,903 | ▼ 18.8% |
| Amounts payable after more than one year17 | €175,312 | €159,868 | €151,647 | €145,893 | €154,828 | ▲ 6.1% |
| Financial debts170/4 | - | €159,868 | €151,647 | €145,893 | €154,828 | ▲ 6.1% |
| Amounts payable within one year42/48 | €49,161 | €28,657 | €42,089 | €62,044 | €14,075 | ▼ 77.3% |
| Current portion of amounts payable after more than one year42 | - | €8,098 | €8,221 | €10,808 | €11,065 | ▲ 2.4% |
| Trade debts44 | €6,004 | €2,276 | €21,209 | €30,162 | €1,879 | ▼ 93.8% |
| Suppliers440/4 | - | €2,276 | €21,209 | €30,162 | €1,879 | ▼ 93.8% |
| Taxes, remuneration and social security45 | - | €771 | €2,291 | €2,293 | €1,132 | ▼ 50.7% |
| Taxes450/3 | - | €771 | €1,900 | €1,748 | €753 | ▼ 56.9% |
| Remuneration and social security454/9 | - | - | €391 | €546 | €378 | ▼ 30.7% |
| Other amounts payable47/48 | - | €17,511 | €10,368 | €18,781 | - | - |
| Accrued charges and deferred income492/3 | - | €348 | €4,175 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,152 | €7,704 | €7,041 | €1,567 | €1,735 | ▲ 10.7% |
| + Depreciation and write-downs630 | €17,614 | €11,658 | €12,214 | €13,957 | €14,854 | ▲ 6.4% |
| Operating cash flow (approximation) | €20,765 | €19,362 | €19,256 | €15,524 | €16,588 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | €4,766 | -€22,066 | -€5,862 | €4,394 | ▲ 175% |
| Change in cash | - | -€5,900 | €956 | -€2,305 | €7,381 | ▲ 420% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 2.22
Current ratio from 0.79 to 2.22; short-term debt falls from €62,044 to €14,075.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €1,567 ▼77.7%
Net result drops to €1,567, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €7,704 ▲144%
Net result €7,704, the highest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Merelbeke-Melle · 1 establishment unit since 2017
Ground area
5,060 m²
Building footprint
112 m²
Volume, LiDAR
364 m³
Parcel 44040D0695/00B000, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ArcWorks
since 20172.261.787.107
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040D0695/00B000 | Flanders | 5,060 m² | 1 · 112 m² | 9.6 m · 1 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.
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 2 endedHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
Show 2 ended approvals
Hoeknaadlasser (so)
Plaatlasser (so)
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,285 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
71112Activities of interior architects
74120Graphic design and visual communication
Contact
E-mail
info@arcworks.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670599897
Registered
28-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.