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Arendi

Active
Private limited companyfounded 200719 yrs activeIndustrielaan 3, 2250 Olen, BelgiumKBO/BCE: BE 0890.168.901
Summary

Arendi has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€307,796) and a net result of -€12,098. Equity is shrinking by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 409 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability41▲+41
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.29 in 2024; short-term debt: 91.1% and cash: 11.9% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025
Solvency, return and age of the figures
Solvency
-163.5%
Return on assets
-6.4%
Age of the figures
9 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€307,796
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 d early
2024
28 d early
2023
20 d early
2022
6 d early
2021
18 d early
2020
31 d early
2019
32 d early
← 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 20 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 13 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 June 2007, Arendi was incorporated.1 Total assets went from EUR 125,398 in 2018 to EUR 188,230 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
-€307,796▼ 4.1%
2024 · -€295,698
Total assets
€188,230▲ 103%
2024 · €92,824
Net result
-€12,098▲ 87.4%
2024 · -€96,160
Working capital
-€55,366▼ 4.8%
2024 · -€52,834
Trend over the years

Click a name to add, emphasise or remove a line.Band: 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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€42,264▼ 169%-€46,914▼ 11.0%-€41,041▲ 12.5%-€94,309▼ 130%-€10,139▲ 89.2%
Net result-€45,364below the sector's middle half▼ 152%-€48,644below the sector's middle half▼ 7.2%-€42,825below the sector's middle half▲ 12.0%-€96,160below the sector's middle half▼ 125%-€12,098below the sector's middle half▲ 87.4%
Equity-€108,069below the sector's middle half▼ 72.3%-€156,713below the sector's middle half▼ 45.0%-€199,538below the sector's middle half▼ 27.3%-€295,698below the sector's middle half▼ 48.2%-€307,796below the sector's middle half▼ 4.1%
Total assets€13,922below the sector's middle half▲ 51.4%€10,880below the sector's middle half▼ 21.9%€17,039below the sector's middle half▲ 56.6%€92,824below the sector's middle half▲ 445%€188,230below the sector's middle half▲ 103%
Debt€121,991▲ 70.8%€167,593▲ 37.4%€216,577▲ 29.2%€388,522▲ 79.4%€496,026▲ 27.7%
Working capital€9,385below the sector's middle half€7,311below the sector's middle half▼ 22.1%-€9,234below the sector's middle half-€52,834below the sector's middle half▼ 472%-€55,366below the sector's middle half▼ 4.8%
Solvency-776.2%below the sector's middle half▼ 94.5pp-318.6%below the sector's middle half-163.5%below the sector's middle half▲ 155.0pp
Current ratio3.07above the sector's middle half▲ 2.083.05above the sector's middle half▼ 0.020.45below the sector's middle half▼ 2.600.29below the sector's middle half▼ 0.160.68below the sector's middle half▲ 0.38
Return on assets (ROA)-325.8%below the sector's middle half▼ 130.2pp-447.1%below the sector's middle half▼ 121.3pp-251.3%below the sector's middle half▲ 195.8pp-103.6%below the sector's middle half▲ 147.7pp-6.4%below the sector's middle half▲ 97.2pp
Staff (FTE)0below the sector's middle half
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€75,000-€50,000-€25,000€0Operating result 2021: -€42,264-€42,264Net result 2021: -€45,364-€45,364Operating result 2022: -€46,914-€46,914Net result 2022: -€48,644-€48,644Operating result 2023: -€41,041-€41,041Net result 2023: -€42,825-€42,825Operating result 2024: -€94,309-€94,309Net result 2024: -€96,160-€96,160Operating result 2025: -€10,139-€10,139Net result 2025: -€12,098-€12,09820212022202320242025-€100,000-€75,000-€50,000-€25,000€0Operating result 2023: -€41,041-€41,000Net result 2023: -€42,825-€42,800Operating result 2024: -€94,309-€94,300Net result 2024: -€96,160-€96,200Operating result 2025: -€10,139-€10,100Net result 2025: -€12,098-€12,100202320242025
The operating result stays negative: a loss of €10,139 in 2025 against €94,309 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188,230
Fixed assets €72,072 ▲ 1.6%
Current assets €116,158 ▲ 430%
Key figures and ratios
2025 value · change against 2024
EBITDA
€7,077▲
2024 · -€90,732
Cash flow
€5,118▲
2024 · -€92,583
Quick ratio
0.65▲
2024 · 0.24
Debt to equity
-1.61▼
2024 · -1.31
Interest coverage
3.61▲
2024 · -48.76
Debt ≤ 1 year
€171,524▲
2024 · €74,738
Debt > 1 year
€324,049▲
2024 · €313,739
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.5% went bankrupt
5.6% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 2,338 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€92,824€188,230▲
Fixed assets21/28€70,919€72,072▲
Intangible fixed assets21€1,571€311▼
Tangible fixed assets22/27€61,999€64,411▲
Other tangible fixed assets26€61,999€64,411▲
Financial fixed assets28€7,350€7,350=
Current assets29/58€21,904€116,158▲
Stocks and contracts in progress3€4,216€4,216=
Stocks30/36€4,216€4,216=
Amounts receivable within one year40/41€7,500€88,920▲
Trade receivables40€7,500€88,920▲
Cash at bank and in hand54/58€9,922€22,362▲
Deferred charges and accrued income490/1€266€660▲
Equity and liabilities
Total equity and liabilities10/49€92,824€188,230▲
Equity10/15-€295,698-€307,796▼
Contributions10/11€53,600€53,600=
Reserves13€9,318€9,318=
Distributable reserves133€9,318€9,318=
Profit (loss) carried forward14-€358,616-€370,714▼
Amounts payable17/49€388,522€496,026▲
Amounts payable after more than one year17€313,739€324,049▲
Financial debts170/4€313,739€324,049▲
Amounts payable within one year42/48€74,738€171,524▲
Trade debts44€39,089€41,092▲
Suppliers440/4€39,089€41,092▲
Advances received on contracts in progress46€24,314€119,777▲
Taxes, remuneration and social security45€777€0▼
Taxes450/3€777€0▼
Other amounts payable47/48€10,558€10,655▲
Accrued charges and deferred income492/3€45€454▲
Income statement Code20242025
Non-recurring operating income76A€1,260€1,260=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,577€17,216▲
Other operating charges640/8€1,225€1,522▲
Non-recurring operating charges66A€14,134€21,921▲
Gross operating margin9900-€75,373€30,520▲
Operating profit (loss)9901-€94,309-€10,139▲
Financial income75/76B€10€0▼
Recurring financial income75€10€0▼
Financial charges65/66B€1,861€1,959▲
Recurring financial charges65€1,861€1,959▲
Profit (loss) for the period before taxes9903-€96,160-€12,098▲
Profit (loss) for the period9904-€96,160-€12,098▲
Profit (loss) for the period to be appropriated9905-€96,160-€12,098▲
Appropriation of the result
Profit (loss) to be appropriated9906-€358,616-€370,714▼
Profit (loss) brought forward from the previous period14P-€262,455-€358,616▼
Social balance
Average headcount (FTE)9087-0.0

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A--€945€1,260€1,260=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€949€3,577€17,216▲ 381%
Other operating charges640/8€1,658€2,162€840€1,225€1,522▲ 24.2%
Non-recurring operating charges66A---€14,134€21,921▲ 55.1%
Gross operating margin9900-€40,606-€44,751-€39,251-€75,373€30,520▲ 140%
Operating profit (loss)9901-€42,264-€46,914-€41,041-€94,309-€10,139▲ 89.2%
Financial income75/76B-€0-€10€0▼ 99.2%
Recurring financial income75-€0-€10€0▼ 99.2%
Financial charges65/66B€3,100€1,730€1,784€1,861€1,959▲ 5.3%
Recurring financial charges65€3,100€1,730€1,784€1,861€1,959▲ 5.3%
Profit (loss) for the period before taxes9903-€45,364-€48,644-€42,825-€96,160-€12,098▲ 87.4%
Profit (loss) for the period9904-€45,364-€48,644-€42,825-€96,160-€12,098▲ 87.4%
Profit (loss) for the period to be appropriated9905-€45,364-€48,644-€42,825-€96,160-€12,098▲ 87.4%
Line20212022202320242025Change
Assets
Total assets20/58€13,922€10,880€17,039€92,824€188,230▲ 103%
Fixed assets21/28--€9,431€70,919€72,072▲ 1.6%
Intangible fixed assets21--€2,831€1,571€311▼ 80.2%
Tangible fixed assets22/27---€61,999€64,411▲ 3.9%
Other tangible fixed assets26---€61,999€64,411▲ 3.9%
Financial fixed assets28--€6,600€7,350€7,350=
Current assets29/58€13,922€10,880€7,608€21,904€116,158▲ 430%
Stocks and contracts in progress3€4,216€4,216€4,216€4,216€4,216=
Stocks30/36€4,216€4,216€4,216€4,216€4,216=
Amounts receivable within one year40/41--€1,501€7,500€88,920▲ 1,086%
Trade receivables40--€1,501€7,500€88,920▲ 1,086%
Cash at bank and in hand54/58€9,318€6,257€1,640€9,922€22,362▲ 125%
Deferred charges and accrued income490/1€388€406€251€266€660▲ 148%
Equity and liabilities
Total equity and liabilities10/49€13,922€10,880€17,039€92,824€188,230▲ 103%
Equity10/15-€108,069-€156,713-€199,538-€295,698-€307,796▼ 4.1%
Contributions10/11€53,600€53,600€53,600€53,600€53,600=
Reserves13€9,318€9,318€9,318€9,318€9,318=
Non-distributable reserves130/1€5,360€5,360----
Reserves not available under the articles1311€5,360€5,360----
Distributable reserves133€3,958€3,958€9,318€9,318€9,318=
Profit (loss) carried forward14-€170,987-€219,631-€262,455-€358,616-€370,714▼ 3.4%
Amounts payable17/49€121,991€167,593€216,577€388,522€496,026▲ 27.7%
Amounts payable after more than one year17€117,454€164,024€193,429€313,739€324,049▲ 3.3%
Financial debts170/4€117,454€164,024€193,429€313,739€324,049▲ 3.3%
Amounts payable within one year42/48€4,537€3,569€16,843€74,738€171,524▲ 129%
Trade debts44€1,806€714€6,381€39,089€41,092▲ 5.1%
Suppliers440/4€1,806€714€6,381€39,089€41,092▲ 5.1%
Advances received on contracts in progress46€1,786--€24,314€119,777▲ 393%
Taxes, remuneration and social security45---€777€0▼ 100%
Taxes450/3---€777€0▼ 100%
Other amounts payable47/48€945€2,855€10,462€10,558€10,655▲ 0.9%
Accrued charges and deferred income492/3--€6,306€45€454▲ 913%
Line20212022202320242025Change
Profit (loss) for the period9904-€45,364-€48,644-€42,825-€96,160-€12,098▲ 87.4%
+ Depreciation and write-downs630--€949€3,577€17,216▲ 381%
Operating cash flow (approximation)-€45,364-€48,644-€41,876-€92,583€5,118▲ 106%
Investment in fixed assets (approximation)----€65,066-€18,369▲ 71.8%
Change in cash--€3,061-€4,617€8,283€12,440▲ 50.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet -€96,160
Net result drops to -€96,160, the lowest in the series; recovery starts the following year.
11-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Liquidity triplescurrent ratio 3.07
Current ratio from 0.99 to 3.07; short-term debt falls from €9,315 to €4,537.
30-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
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 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 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, Olen · 2 establishment units since 2023
seat establishment All 2 establishment units on the map
Ground area
1.1 ha
Building footprint
3,583 m²
Volume, LiDAR
20,790 m³
3 parcels, Flanders · tallest building 28.2 m, ±8 floors. Linked by address, not a title deed.
11 companies at this address See who is registered here
2 establishment units
Magic Betting
Oudegemse baan (OUD) 199, 9200 DendermondeGambling and betting activities
since 20232.341.261.284
MAGIC BETTING
Nieuwe Kaai 29, 2300 TurnhoutGambling and betting activities
since 20242.357.397.829
3 parcels
Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13029F0254/00R000 Flanders 1.1 ha 1 · 3,135 m² 7.8 m · 2 fl.
42016B0816/00L000 Flanders 282 m² 1 · 251 m² 5.3 m · 1 fl.
13454P0188/00K002 Flanders 212 m² 1 · 196 m² 28.1 m · 8 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group INVEST GAMING GROUP 10 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. INVEST GAMING GROUP 80.04%
  2. Arendi

Highest known parent: INVEST GAMING GROUP. The sources do not say who stands above it.

Owners 1

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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 211 companies in sector 28299 we hold annual accounts for 154. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded13-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
28299Manufacture of machinery and equipment not elsewhere classified
46180Agents specialised in the wholesale of other particular products
46499Wholesale of other household goods
93293Sports, amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0890168901
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.