ARENA COMET
ActiveSummary
ARENA COMET has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €215,240. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+1
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 4.71 against 3.77 in 2024; short-term debt: 20.5% and cash: 10.1% of total assets), and 23.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
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
76.9%
Return on assets
6.9%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
17 d early
2023
28 d early
2022
41 d early
2021
37 d early
2020
39 d early
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed 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. Usually files around 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€215,240▲ 8.6%
2024 · €198,283
Working capital
€2.4m▼ 7.1%
2024 · €2.5m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€467,205▼ 3.4%€294,516▼ 37.0%€271,021▼ 8.0%€269,193▼ 0.7%€316,722▲ 17.7%
Net result€352,367above the sector's middle half▲ 2.9%€212,904within the sector's middle half▼ 39.6%€230,331within the sector's middle half▲ 8.2%€198,283within the sector's middle half▼ 13.9%€215,240within the sector's middle half▲ 8.6%
Equity€1.9mabove the sector's middle half▲ 22.3%€2.1mabove the sector's middle half▲ 11.0%€2.4mabove the sector's middle half▲ 10.7%€2.6mabove the sector's middle half▲ 8.3%€2.4mwithin the sector's middle half▼ 7.2%
Total assets€2.5mwithin the sector's middle half▲ 22.6%€3.0mwithin the sector's middle half▲ 19.1%€3.8mabove the sector's middle half▲ 25.6%€3.5mabove the sector's middle half▼ 6.7%€3.1mwithin the sector's middle half▼ 12.2%
Debt€605,001▲ 23.4%€877,166▲ 45.0%€1.4m▲ 62.0%€967,294▼ 31.9%€719,507▼ 25.6%
Working capital€1.8mabove the sector's middle half▲ 30.1%€2.0mabove the sector's middle half▲ 12.2%€2.3mabove the sector's middle half▲ 13.1%€2.5mabove the sector's middle half▲ 12.4%€2.4mwithin the sector's middle half▼ 7.1%
Solvency76.2%above the sector's middle half▼ 0.2pp71.0%above the sector's middle half▼ 5.2pp62.6%within the sector's middle half▼ 8.4pp72.7%above the sector's middle half▲ 10.1pp76.9%above the sector's middle half▲ 4.2pp
Current ratio3.97above the sector's middle half▲ 0.103.28above the sector's middle half▼ 0.692.60within the sector's middle half▼ 0.683.77above the sector's middle half▲ 1.174.71above the sector's middle half▲ 0.93
Return on assets (ROA)13.9%above the sector's middle half▼ 2.6pp7.0%within the sector's middle half▼ 6.8pp6.1%within the sector's middle half▼ 1.0pp5.6%within the sector's middle half▼ 0.5pp6.9%within the sector's middle half▲ 1.3pp
Staff (FTE)3.8within the sector's middle half▼ 19.1%3.3within the sector's middle half▼ 13.2%4.1within the sector's middle half▲ 24.2%3.6within the sector's middle half▼ 12.2%3.5below the sector's middle half▼ 2.8%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets
€109,324 ▲ 33.2%
Current assets
€3.0m ▼ 13.3%
Equity and liabilities €3.1m
Equity
€2.4m ▼ 7.2%
Debt
€719,507 ▼ 25.6%
Debt's share of the balance-sheet total falls from 27.3% to 23.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€348,583▲
2024 · €309,249
Cash flow
€247,101▲
2024 · €238,339
Quick ratio
2.73▼
2024 · 3.33
Debt to equity
0.30▼
2024 · 0.38
ROE
9.0%▲
2024 · 7.7%
Interest coverage
7.95▼
2024 · 14.22
Debt ≤ 1 year
€637,581▼
2024 · €917,091
Income taxes
€77,652▲
2024 · €74,190
Staff costs
€336,212=
2024 · €336,208
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 31,371 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €205 | - | - | €9,750 | - |
| Remuneration, social security and pensions62 | €231,112 | €264,035 | €366,205 | €336,208 | €336,212 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,688 | €71,741 | €79,363 | €40,056 | €31,861 | ▼ 20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€17,312 | €18,872 | €13,998 | €5,319 | €33,744 | ▲ 534% |
| Other operating charges640/8 | €3,280 | €3,372 | €7,482 | €5,988 | €5,679 | ▼ 5.2% |
| Gross operating margin9900 | €757,973 | €652,537 | €738,068 | €656,764 | €724,218 | ▲ 10.3% |
| Operating profit (loss)9901 | €467,205 | €294,516 | €271,021 | €269,193 | €316,722 | ▲ 17.7% |
| Financial income75/76B | €62,381 | €36,019 | €70,954 | €25,033 | €20,038 | ▼ 20.0% |
| Recurring financial income75 | €62,381 | €36,019 | €70,954 | €25,033 | €20,038 | ▼ 20.0% |
| Financial charges65/66B | €52,505 | €36,954 | €24,814 | €21,754 | €43,868 | ▲ 102% |
| Recurring financial charges65 | €52,505 | €36,954 | €24,814 | €21,754 | €43,868 | ▲ 102% |
| Profit (loss) for the period before taxes9903 | €477,081 | €293,581 | €317,160 | €272,472 | €292,892 | ▲ 7.5% |
| Income taxes67/77 | €124,714 | €80,677 | €86,829 | €74,190 | €77,652 | ▲ 4.7% |
| Profit (loss) for the period9904 | €352,367 | €212,904 | €230,331 | €198,283 | €215,240 | ▲ 8.6% |
| Profit (loss) for the period to be appropriated9905 | €352,367 | €212,904 | €230,331 | €198,283 | €215,240 | ▲ 8.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €3.0m | €3.8m | €3.5m | €3.1m | ▼ 12.2% |
| Fixed assets21/28 | €155,854 | €146,282 | €120,622 | €82,098 | €109,324 | ▲ 33.2% |
| Tangible fixed assets22/27 | €155,854 | €146,282 | €120,622 | €82,098 | €109,324 | ▲ 33.2% |
| Land and buildings22 | €24,642 | €16,780 | €47,702 | €35,895 | €30,792 | ▼ 14.2% |
| Plant, machinery and equipment23 | €107,114 | €65,720 | €29,141 | €15,747 | €12,958 | ▼ 17.7% |
| Furniture and vehicles24 | €24,098 | €63,783 | €43,779 | €30,456 | €65,573 | ▲ 115% |
| Current assets29/58 | €2.4m | €2.9m | €3.7m | €3.5m | €3.0m | ▼ 13.3% |
| Amounts receivable after more than one year29 | - | - | €436,765 | €285,725 | - | - |
| Other amounts receivable291 | - | - | €436,765 | €285,725 | - | - |
| Stocks and contracts in progress3 | €159,200 | €619,973 | €802,170 | €407,942 | €1.3m | ▲ 208% |
| Stocks30/36 | €159,200 | €619,973 | €802,170 | €407,942 | €1.3m | ▲ 208% |
| Amounts receivable within one year40/41 | €1.0m | €1.9m | €1.8m | €1.7m | €1.4m | ▼ 16.4% |
| Trade receivables40 | €363,834 | €802,507 | €995,359 | €465,131 | €391,456 | ▼ 15.8% |
| Other amounts receivable41 | €647,191 | €1.1m | €847,918 | €1.2m | €1.0m | ▼ 16.6% |
| Cash at bank and in hand54/58 | €860,363 | €323,613 | €575,778 | €1.1m | €313,158 | ▼ 70.5% |
| Deferred charges and accrued income490/1 | €352,800 | €32,910 | €19,700 | €3,258 | €5,531 | ▲ 69.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €3.0m | €3.8m | €3.5m | €3.1m | ▼ 12.2% |
| Equity10/15 | €1.9m | €2.1m | €2.4m | €2.6m | €2.4m | ▼ 7.2% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €1.8m | €2.0m | €2.2m | €2.4m | €2.2m | ▼ 7.7% |
| Non-distributable reserves130/1 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Legal reserve130 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Distributable reserves133 | €1.8m | €2.0m | €2.2m | €2.4m | €2.2m | ▼ 7.8% |
| Profit (loss) carried forward14 | €9,241 | €22,145 | €27,477 | €25,759 | €25,999 | ▲ 0.9% |
| Amounts payable17/49 | €605,001 | €877,166 | €1.4m | €967,294 | €719,507 | ▼ 25.6% |
| Amounts payable after more than one year17 | €4,826 | - | - | - | - | - |
| Financial debts170/4 | €4,826 | - | - | - | - | - |
| Amounts payable within one year42/48 | €600,175 | €877,166 | €1.4m | €917,091 | €637,581 | ▼ 30.5% |
| Current portion of amounts payable after more than one year42 | €8,173 | €4,826 | - | - | - | - |
| Financial debts43 | €16,724 | - | €12,686 | €10,038 | €10,015 | ▼ 0.2% |
| Credit institutions430/8 | €16,724 | - | €12,686 | €10,038 | €10,015 | ▼ 0.2% |
| Trade debts44 | €321,263 | €353,602 | €615,977 | €715,120 | €357,584 | ▼ 50.0% |
| Suppliers440/4 | €321,263 | €353,602 | €615,977 | €715,120 | €357,584 | ▼ 50.0% |
| Advances received on contracts in progress46 | €196,676 | €430,819 | €667,868 | €75,467 | €164,338 | ▲ 118% |
| Taxes, remuneration and social security45 | €32,439 | €69,112 | €97,419 | €71,972 | €39,888 | ▼ 44.6% |
| Taxes450/3 | €7,132 | €14,448 | €28,370 | €23,097 | €2,416 | ▼ 89.5% |
| Remuneration and social security454/9 | €25,307 | €54,664 | €69,049 | €48,875 | €37,473 | ▼ 23.3% |
| Other amounts payable47/48 | €24,900 | €18,808 | €20,139 | €44,494 | €65,755 | ▲ 47.8% |
| Accrued charges and deferred income492/3 | - | - | €6,747 | €50,204 | €81,926 | ▲ 63.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €352,367 | €212,904 | €230,331 | €198,283 | €215,240 | ▲ 8.6% |
| + Depreciation and write-downs630 | €73,688 | €71,741 | €79,363 | €40,056 | €31,861 | ▼ 20.5% |
| Operating cash flow (approximation) | €426,054 | €284,645 | €309,694 | €238,339 | €247,101 | ▲ 3.7% |
| Investment in fixed assets (approximation) | - | -€62,169 | -€53,703 | -€1,532 | -€59,087 | ▼ 3,757% |
| Change in cash | - | -€536,750 | €252,164 | €485,324 | -€747,943 | ▼ 254% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2mEq €2.1m ▲11%
5 profitable years in a row build equity to €2.1m.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €352,367 ▲2.9%
Net result €352,367, the highest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
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 17 acts read
About the unread acts
We know of 17 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
No directors read yet: 0 of 17 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2002
Ground area
2,179 m²
Building footprint
656 m²
Volume, LiDAR
3,449 m³
Parcel 46382B1269/00B000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Spieveldstraat 7, 9160 Lokeren
since 20022.113.677.213
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1269/00B000 | Flanders | 2,178 m² | 1 · 656 m² | 6.1 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.
Structure & network
Owners and holdings
1 ownerChain of control
- ARENA COMET GROUP
- ARENA COMET
Highest known parent: ARENA COMET GROUP. The sources do not say who stands above it.
Owners 1
- ARENA COMET GROUPparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 5,225 EUR awarded · 5,225 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,850 EUR | 3,850 EUR |
| 2022 | 1 | 1,375 EUR | 1,375 EUR |
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Company details
Identification
Legal formPublic limited company
Founded22-08-1997
Fiscal year end31-12
Activities, NACEBEL 2025
28990Manufacture of machinery and equipment not elsewhere classified
71121Engineering and related technical consultancy, excluding land surveyors
28110Manufacture of machinery and equipment not elsewhere classified
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461279837
Also
9925:BE0461279837
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.