ARENSA
ActiveSummary
ARENSA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78,597 and a net result of €27,186. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 67% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+11
Solvency97▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.92 against 2.94 in 2024; short-term debt: 27.7% and cash: 45.1% of total assets), and 27.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
72.3%
Return on assets
25%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
22 d late
2023
22 d late
2022
30 d late
2021
31 d late
2020
19 d late
2019
38 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 28 days after the deadline; the sector median for financial year 2024 is 9 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€78,597▼ 12.5%
2024 · €89,829
Total assets
€108,715▼ 11.0%
2024 · €122,190
Net result
€27,186▲ 36.1%
2024 · €19,973
Working capital
€57,956▼ 7.5%
2024 · €62,642
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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€26,164▼ 34.1%€47,697▲ 82.3%€51,000▲ 6.9%€32,055▼ 37.1%€38,369▲ 19.7%
Net result€18,905within the sector's middle half▼ 41.7%€36,609within the sector's middle half▲ 93.6%€37,909within the sector's middle half▲ 3.6%€19,973within the sector's middle half▼ 47.3%€27,186within the sector's middle half▲ 36.1%
Equity€60,337within the sector's middle half▼ 25.9%€76,946within the sector's middle half▲ 27.5%€94,855within the sector's middle half▲ 23.3%€89,829within the sector's middle half▼ 5.3%€78,597within the sector's middle half▼ 12.5%
Total assets€127,956within the sector's middle half▲ 33.2%€118,413within the sector's middle half▼ 7.5%€139,001within the sector's middle half▲ 17.4%€122,190within the sector's middle half▼ 12.1%€108,715within the sector's middle half▼ 11.0%
Debt€67,618▲ 361%€41,467▼ 38.7%€44,145▲ 6.5%€32,361▼ 26.7%€30,118▼ 6.9%
Working capital€55,498within the sector's middle half▼ 26.1%€75,135within the sector's middle half▲ 35.4%€58,830within the sector's middle half▼ 21.7%€62,642within the sector's middle half▲ 6.5%€57,956within the sector's middle half▼ 7.5%
Solvency47.2%within the sector's middle half▼ 37.6pp65.0%within the sector's middle half▲ 17.8pp68.2%within the sector's middle half▲ 3.3pp73.5%within the sector's middle half▲ 5.3pp72.3%within the sector's middle half▼ 1.2pp
Current ratio1.82within the sector's middle half▼ 4.312.81within the sector's middle half▲ 0.992.33within the sector's middle half▼ 0.482.94within the sector's middle half▲ 0.602.92within the sector's middle half▼ 0.01
Return on assets (ROA)14.8%within the sector's middle half▼ 18.9pp30.9%above the sector's middle half▲ 16.1pp27.3%within the sector's middle half▼ 3.6pp16.3%within the sector's middle half▼ 10.9pp25.0%within the sector's middle half▲ 8.7pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
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 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108,715
Fixed assets
€20,640 ▼ 24.1%
Current assets
€88,074 ▼ 7.3%
Equity and liabilities €108,715
Equity
€78,597 ▼ 12.5%
Debt
€30,118 ▼ 6.9%
Debt's share of the balance-sheet total rises from 26.5% to 27.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€47,135▲
2024 · €40,893
Cash flow
€35,952▲
2024 · €28,812
Debt to equity
0.38▲
2024 · 0.36
ROE
34.6%▲
2024 · 22.2%
Interest coverage
150.75▲
2024 · 147.58
Debt ≤ 1 year
€30,118▼
2024 · €32,361
Income taxes
€10,871▼
2024 · €11,806
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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%.
| 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 26,970 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,406 | €3,028 | €5,946 | €8,839 | €8,766 | ▼ 0.8% |
| Other operating charges640/8 | €244 | - | €2,212 | €2,029 | €666 | ▼ 67.2% |
| Gross operating margin9900 | €32,814 | €50,725 | €59,159 | €42,922 | €47,801 | ▲ 11.4% |
| Operating profit (loss)9901 | €26,164 | €47,697 | €51,000 | €32,055 | €38,369 | ▲ 19.7% |
| Financial income75/76B | €932 | €1,681 | €19 | €1 | €0 | ▼ 67.4% |
| Recurring financial income75 | €932 | €1,681 | €19 | €1 | €0 | ▼ 67.4% |
| Financial charges65/66B | €201 | €368 | €1,564 | €277 | €313 | ▲ 12.8% |
| Recurring financial charges65 | €201 | €368 | €1,564 | €277 | €313 | ▲ 12.8% |
| Profit (loss) for the period before taxes9903 | €26,894 | €49,010 | €49,455 | €31,779 | €38,057 | ▲ 19.8% |
| Income taxes67/77 | €7,989 | €12,401 | €11,545 | €11,806 | €10,871 | ▼ 7.9% |
| Profit (loss) for the period9904 | €18,905 | €36,609 | €37,909 | €19,973 | €27,186 | ▲ 36.1% |
| Profit (loss) for the period to be appropriated9905 | €18,905 | €36,609 | €37,909 | €19,973 | €27,186 | ▲ 36.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127,956 | €118,413 | €139,001 | €122,190 | €108,715 | ▼ 11.0% |
| Fixed assets21/28 | €4,839 | €1,811 | €36,025 | €27,187 | €20,640 | ▼ 24.1% |
| Tangible fixed assets22/27 | €4,839 | €1,811 | €36,025 | €27,187 | €20,640 | ▼ 24.1% |
| Land and buildings22 | €3,439 | €1,811 | €167 | - | - | - |
| Plant, machinery and equipment23 | - | - | €3,559 | €1,959 | €2,485 | ▲ 26.8% |
| Furniture and vehicles24 | €1,400 | - | €32,299 | €25,227 | €18,155 | ▼ 28.0% |
| Current assets29/58 | €123,117 | €116,602 | €102,975 | €95,003 | €88,074 | ▼ 7.3% |
| Amounts receivable within one year40/41 | €47,577 | €55,208 | €10,078 | €42,787 | €39,003 | ▼ 8.8% |
| Trade receivables40 | €45 | €11,500 | - | €32,588 | €37,112 | ▲ 13.9% |
| Other amounts receivable41 | €47,532 | €43,708 | €10,078 | €10,199 | €1,892 | ▼ 81.5% |
| Cash at bank and in hand54/58 | €75,539 | €61,394 | €90,912 | €52,178 | €49,004 | ▼ 6.1% |
| Deferred charges and accrued income490/1 | - | - | €1,985 | €39 | €67 | ▲ 73.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127,956 | €118,413 | €139,001 | €122,190 | €108,715 | ▼ 11.0% |
| Equity10/15 | €60,337 | €76,946 | €94,855 | €89,829 | €78,597 | ▼ 12.5% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €18,500 | €30,500 | €30,500 | €50,500 | €30,000 | ▼ 40.6% |
| Distributable reserves133 | €18,500 | €30,500 | €30,500 | €50,500 | €30,000 | ▼ 40.6% |
| Profit (loss) carried forward14 | €29,437 | €34,046 | €51,955 | €26,929 | €36,197 | ▲ 34.4% |
| Amounts payable17/49 | €67,618 | €41,467 | €44,145 | €32,361 | €30,118 | ▼ 6.9% |
| Amounts payable within one year42/48 | €67,618 | €41,467 | €44,145 | €32,361 | €30,118 | ▼ 6.9% |
| Trade debts44 | €9,949 | €3,109 | €9,863 | €7,559 | €4,487 | ▼ 40.6% |
| Suppliers440/4 | €9,949 | €3,109 | €9,863 | €7,559 | €4,487 | ▼ 40.6% |
| Taxes, remuneration and social security45 | €29,669 | €24,358 | €33,429 | €24,802 | €25,631 | ▲ 3.3% |
| Taxes450/3 | €29,669 | €24,358 | €33,429 | €24,802 | €25,631 | ▲ 3.3% |
| Other amounts payable47/48 | €28,000 | €14,000 | €853 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,905 | €36,609 | €37,909 | €19,973 | €27,186 | ▲ 36.1% |
| + Depreciation and write-downs630 | €6,406 | €3,028 | €5,946 | €8,839 | €8,766 | ▼ 0.8% |
| Operating cash flow (approximation) | €25,311 | €39,637 | €43,855 | €28,812 | €35,952 | ▲ 24.8% |
| Investment in fixed assets (approximation) | - | €0 | -€40,161 | €0 | -€2,219 | - |
| Change in cash | - | -€14,145 | €29,518 | -€38,734 | -€3,174 | ▲ 91.8% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Highest result since 2019net €37,909 ▲3.6%
Operating result €51,000, net result €37,909, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €18,905 ▼41.7%
Net result drops to €18,905, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 6.13
Current ratio from 2.90 to 6.13; short-term debt falls from €19,896 to €14,652.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 2019
Ground area
176 m²
Building footprint
163 m²
Volume, LiDAR
1,717 m³
Parcel 21443C0191/00Y016, Brussels · tallest building 19.7 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ARENSA
since 20192.288.724.304
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0191/00Y016 | Brussels | 176 m² | 1 · 163 m² | 19.7 m · 4 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.
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CABINET D AVOCATS DUMONCEAUX ET GILLAIN
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 7,531 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
Founded02-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.