AREND
ActiveSummary
AREND has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €28,019 and a net result of -€10,719. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 27% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability7▼-88
Solvency50▼-19
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.7 against 1.57 in 2023; short-term debt: 34.6% and cash: 7.9% of total assets), but 74.8% 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+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
25.2%
Return on assets
-9.7%
Age of the figures
21 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 31-12-2024 was due by 31-07-2025 and was filed on 07-06-2025, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
54 d early
2023
19 d late
2022
27 d early
2021
25 d early
2020
54 d early
2019
24 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 28 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€499,659
EBIT margin
10.0%
Net result
-€10,719
2023 · €18,640
Working capital
€65,540▲ 133%
2023 · €28,070
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
Turnover
Operating result€1,433▼ 87.3%€41,042▲ 2,764%€58,228▲ 41.9%€27,614▼ 52.6%-€12,250
Net result-€537€29,956€45,840▲ 53.0%€18,640▼ 59.3%-€10,719
EBIT margin
Equity€30,016▼ 1.8%€17,115▼ 43.0%€20,098▲ 17.4%€38,738▲ 92.7%€28,019▼ 27.7%
Total assets€87,604▼ 18.9%€109,164▲ 24.6%€132,222▲ 21.1%€87,626▼ 33.7%€111,070▲ 26.8%
Debt€57,588▼ 25.7%€92,049▲ 59.8%€112,124▲ 21.8%€48,888▼ 56.4%€83,051▲ 69.9%
Working capital€25,034▲ 39.7%€17,450▼ 30.3%€10,219▼ 41.4%€28,070▲ 175%€65,540▲ 133%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €12,250 after €27,614 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €111,070
Fixed assets
€7,050 ▼ 33.9%
Current assets
€104,020 ▲ 35.2%
Equity and liabilities €111,070
Equity
€28,019 ▼ 27.7%
Debt
€83,051 ▲ 69.9%
Debt's share of the balance-sheet total rises from 55.8% to 74.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,533▼
2023 · €32,422
Cash flow
-€6,003▼
2023 · €23,448
Current ratio
2.70▲
2023 · 1.57
Debt to equity
2.96▲
2023 · 1.26
ROE
-38.3%▼
2023 · 48.1%
ROA
-9.7%▼
2023 · 21.3%
Interest coverage
-15.31▼
2023 · 24.83
Debt ≤ 1 year
€38,480▼
2023 · €48,888
Income taxes
€302▼
2023 · €9,424
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,164 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,058 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 2,164 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 | - | €363 | - | - | €8,746 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,818 | €22,664 | €3,387 | €4,808 | €4,717 | ▼ 1.9% |
| Other operating charges640/8 | - | €3,310 | €3,899 | €3,029 | €3,434 | ▲ 13.4% |
| Gross operating margin9900 | €30,513 | €67,017 | €65,514 | €35,451 | -€4,099 | ▼ 112% |
| Operating profit (loss)9901 | €1,433 | €41,042 | €58,228 | €27,614 | -€12,250 | ▼ 144% |
| Financial income75/76B | - | €1,058 | €2,361 | €1,756 | €2,324 | ▲ 32.4% |
| Recurring financial income75 | €734 | €1,058 | €2,361 | €1,756 | €2,324 | ▲ 32.4% |
| Financial charges65/66B | - | €674 | €1,005 | €1,306 | €492 | ▼ 62.3% |
| Recurring financial charges65 | €1,001 | €674 | €1,005 | €1,306 | €492 | ▼ 62.3% |
| Profit (loss) for the period before taxes9903 | €1,166 | €41,426 | €59,584 | €28,064 | -€10,417 | ▼ 137% |
| Income taxes67/77 | €1,703 | €11,470 | €13,744 | €9,424 | €302 | ▼ 96.8% |
| Profit (loss) for the period9904 | -€537 | €29,956 | €45,840 | €18,640 | -€10,719 | ▼ 158% |
| Profit (loss) for the period to be appropriated9905 | -€537 | €29,956 | €45,840 | €18,640 | -€10,719 | ▼ 158% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87,604 | €109,164 | €132,222 | €87,626 | €111,070 | ▲ 26.8% |
| Fixed assets21/28 | €23,960 | €2,433 | €9,920 | €10,669 | €7,050 | ▼ 33.9% |
| Tangible fixed assets22/27 | €23,960 | €2,433 | €9,920 | €10,669 | €7,050 | ▼ 33.9% |
| Plant, machinery and equipment23 | - | €1,359 | €2,135 | €1,352 | €804 | ▼ 40.5% |
| Furniture and vehicles24 | - | €1,074 | €7,785 | €9,317 | €6,246 | ▼ 33.0% |
| Current assets29/58 | €63,644 | €106,731 | €122,301 | €76,957 | €104,020 | ▲ 35.2% |
| Amounts receivable after more than one year29 | - | - | - | - | €47,930 | - |
| Other amounts receivable291 | - | - | - | - | €47,930 | - |
| Amounts receivable within one year40/41 | €50,674 | €95,743 | €81,630 | €56,202 | €41,804 | ▼ 25.6% |
| Trade receivables40 | - | €54,006 | €43,744 | €26,985 | €31,521 | ▲ 16.8% |
| Other amounts receivable41 | - | €41,737 | €37,887 | €29,218 | €10,283 | ▼ 64.8% |
| Cash at bank and in hand54/58 | €5,136 | €5,494 | €34,612 | €12,402 | €8,744 | ▼ 29.5% |
| Deferred charges and accrued income490/1 | - | €5,494 | €6,058 | €8,353 | €5,542 | ▼ 33.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87,604 | €109,164 | €132,222 | €87,626 | €111,070 | ▲ 26.8% |
| Equity10/15 | €30,016 | €17,115 | €20,098 | €38,738 | €28,019 | ▼ 27.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €24,353 | €10,915 | €13,898 | €32,538 | €32,538 | = |
| Non-distributable reserves130/1 | - | €10,915 | €13,898 | €32,538 | €32,538 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | - | €9,055 | €12,038 | €30,678 | €30,678 | = |
| Profit (loss) carried forward14 | -€537 | - | - | - | -€10,719 | - |
| Amounts payable17/49 | €57,588 | €92,049 | €112,124 | €48,888 | €83,051 | ▲ 69.9% |
| Amounts payable after more than one year17 | €18,941 | €2,730 | - | - | - | - |
| Financial debts170/4 | - | €2,730 | - | - | - | - |
| Amounts payable within one year42/48 | €38,610 | €89,281 | €112,083 | €48,888 | €38,480 | ▼ 21.3% |
| Current portion of amounts payable after more than one year42 | - | €16,212 | €2,730 | - | - | - |
| Trade debts44 | €14,837 | €14,548 | €49,591 | €29,149 | €24,294 | ▼ 16.7% |
| Suppliers440/4 | - | €14,548 | €49,591 | €29,149 | €24,294 | ▼ 16.7% |
| Taxes, remuneration and social security45 | - | €28,522 | €29,762 | €19,738 | €14,186 | ▼ 28.1% |
| Taxes450/3 | - | €28,522 | €29,762 | €19,738 | €14,186 | ▼ 28.1% |
| Other amounts payable47/48 | - | €30,000 | €30,000 | - | - | - |
| Accrued charges and deferred income492/3 | - | €38 | €41 | - | €44,571 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€537 | €29,956 | €45,840 | €18,640 | -€10,719 | ▼ 158% |
| + Depreciation and write-downs630 | €24,818 | €22,664 | €3,387 | €4,808 | €4,717 | ▼ 1.9% |
| Operating cash flow (approximation) | €24,281 | €52,620 | €49,227 | €23,448 | -€6,003 | ▼ 126% |
| Investment in fixed assets (approximation) | - | -€1,136 | -€10,875 | -€5,556 | -€1,098 | ▲ 80.2% |
| Change in cash | - | €358 | €29,119 | -€22,211 | -€3,657 | ▲ 83.5% |
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
07-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€10,719
Net result drops to -€10,719, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €45,840 ▲53%
Operating result €58,228, net result €45,840, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €29,956
Net result €29,956 after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Antwerpen · 1 establishment unit since 2007
Ground area
1,206 m²
Building footprint
336 m²
Volume, LiDAR
4,351 m³
Parcel 11003A0178/00Z005, Flanders · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
AREND
since 20072.162.490.878
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0178/00Z005 | Flanders | 1,206 m² | 1 · 336 m² | 16.7 m · 5 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.
Similar companies · same sector, comparable size
DECRIMA
BE 0883.272.003
Genk · Eq €28,047
DC Plafonnage
BE 0769.608.490
Hastière · Eq €27,960
BEZETTINGSWERKEN VAN DEN BOGERD
BE 0500.755.372
Hoogstraten · Eq €27,947
MONOS CONSTRUCT
BE 0799.945.538
Beringen · Eq €28,171
Mathias Bartos
BE 0791.978.769
Grâce-Hollogne · Eq €28,179
Of 4,020 companies in sector 43310 we hold annual accounts for 1,747. 1,436 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
Founded09-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
Contact
Phone
0497/91.86.45Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887846641
Registered
20-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.