ARENATUM
ActiveARENATUM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129k and a net result of €90k. Equity is growing by ~37.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+15
Solvency61▼-39
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 5.85 in 2024; short-term debt: 64.3% and cash: 51.6% of total assets), and 64.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
35.7%
Return on assets
25%
Age of the figures
12 mo
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
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 01-04-2026, 29 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
29 d early
2024
27 d early
2023
1 d early
2022
10 d early
2021
4 d early
2020
9 d early
2019
2 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
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€129k▼ 73.9%
2024 · €495k
2018: €51k
2019: €92k
2020: €166k
2021: €223k
2022: €312k
2023: €413k
2024: €495k
2018 → 2025
Total assets
€362k▼ 41.0%
2024 · €613k
2018: €114k
2019: €187k
2020: €227k
2021: €292k
2022: €400k
2023: €525k
2024: €613k
2018 → 2025
Net result
€90k▲ 10.7%
2024 · €82k
2018: €14k
2019: €41k
2020: €73k
2021: €57k
2022: €88k
2023: €122k
2024: €82k
2018 → 2025
Working capital
€77k▼ 83.0%
2024 · €452k
2018: €31k
2019: €43k
2020: €100k
2021: €151k
2022: €246k
2023: €359k
2024: €452k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€223k-€312k▲ 39.6%€413k▲ 32.6%€495k▲ 19.8%€129k▼ 73.9%
Operating result€80k-€131k▲ 62.9%€160k▲ 22.7%€112k▼ 30.1%€126k▲ 12.2%
Net result€57k-€88k▲ 53.9%€122k▲ 38.1%€82k▼ 33.1%€90k▲ 10.7%
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 2025; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €362k
Fixed assets
€53k▼ 22.3%
Current assets
€310k▼ 43.3%
Equity and liabilities €362k
Equity
€129k▼ 73.9%
Debt
€233k▲ 96.5%
The debt ratio rises from 19.3% to 64.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€151k▲
2024 · €140k
Cash flow
€116k▲
2024 · €109k
Solvency
35.7%▼
2024 · 80.7%
Current ratio
1.33▼
2024 · 5.85
Quick ratio
1.33▼
2024 · 5.85
Debt / equity
1.80▲
2024 · 0.24
ROE
70.0%▲
2024 · 16.5%
ROA
25.0%▲
2024 · 13.3%
Interest coverage
2609.13▲
2024 · 56.03
Debt
€233k▲
2024 · €118k
Debt ≤ 1 year
€233k▲
2024 · €93k
Income taxes
€35k▲
2024 · €31k
Staff costs
€113k▲
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€613k€362k▼
Fixed assets21/28€68k€53k▼
Intangible fixed assets21€3k€3k▼
Tangible fixed assets22/27€64k€50k▼
Land and buildings22€5k€5k=
Plant, machinery and equipment23€40k€28k▼
Furniture and vehicles24€19k€17k▼
Current assets29/58€546k€310k▼
Amounts receivable after more than one year29€141k-
Other amounts receivable291€141k-
Amounts receivable within one year40/41€321k€114k▼
Trade receivables40€118k€113k▼
Other amounts receivable41€203k€668▼
Cash at bank and in hand54/58€80k€187k▲
Deferred charges and accrued income490/1€3k€9k▲
Equity and liabilities
Total equity and liabilities10/49€613k€362k▼
Equity10/15€495k€129k▼
Contributions10/11€6k€6k=
Reserves13€186k-
Distributable reserves133€186k-
Profit (loss) carried forward14€302k€123k▼
Amounts payable17/49€118k€233k▲
Amounts payable after more than one year17€23k-
Financial debts170/4€23k-
Amounts payable within one year42/48€93k€233k▲
Trade debts44€48k€59k▲
Suppliers440/4€48k€59k▲
Advances received on contracts in progress46€6k-
Taxes, remuneration and social security45€35k€56k▲
Taxes450/3€29k€45k▲
Remuneration and social security454/9€6k€11k▲
Other amounts payable47/48€4k€117k▲
Accrued charges and deferred income492/3€2k€54▼
Income statement
Code20242025
Remuneration, social security and pensions62€68k€113k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€25k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€3k-
Gross operating margin9900€212k€266k▲
Operating profit (loss)9901€112k€126k▲
Financial income75/76B€3k€508▼
Recurring financial income75€3k€508▼
Financial charges65/66B€2k€58▼
Recurring financial charges65€2k€58▼
Profit (loss) for the period before taxes9903€113k€126k▲
Income taxes67/77€31k€35k▲
Profit (loss) for the period9904€82k€90k▲
Profit (loss) for the period to be appropriated9905€82k€90k▲
Appropriation of the result
Profit (loss) to be appropriated9906€302k€393k▲
Profit (loss) brought forward from the previous period14P€221k€302k▲
Transfer from equity791/2-€186k
Profit to be distributed694/7-€456k
Return on contributions (dividend)694-€456k
The notes to these accounts (8 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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €122k ▲38.1%
Operating result €160k, net result €122k, both a record.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €200kEq €223k ▲34.7%
4 profitable years in a row build equity to €223k.
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity doublescurrent ratio 3.70
Current ratio from 1.60 to 3.70; short-term debt falls from €72k to €37k.
30-09
Financial
Equity above €150kEq €166k ▲79.6%
3 profitable years in a row build equity to €166k.
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kluisbergen · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oudenaardebaan 609690 KluisbergenGround area
2.1 ha
Building footprint
1,056 m²
Volume, LiDAR
1,405 m³
2 parcels, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ARENATUM
since 20102.193.184.252
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45002B1362/00F000 | Flanders | 2.0 ha | 1 · 723 m² | 0.1 m |
| 41014A0349/00V002 | Flanders | 1,503 m² | 1 · 333 m² | 8.5 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 4,028 EUR awarded · 3,993 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 801 EUR | 766 EUR |
| 2024 | 1 | 3,227 EUR | 3,227 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,503 companies in sector 82990 we hold annual accounts for 9,404. 7,165 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-11-2010
Fiscal year end30-09
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.