ARField
ActiveSummary
The computed 12-month bankruptcy probability of ARField is 4.0% (moderate). The 2025 annual accounts show equity of €349k and a net result of €117k. Equity is growing by ~76.1% per year across the filed fiscal years. Its solvency ranks better than 75% of 4654 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability96▼-4
Solvency90▲+15
Growth85=
Track record100
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.05 against 1.83 in 2024; short-term debt: 23.2% and cash: 45.4% of total assets), and 34.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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
65.2%
Return on assets
21.8%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
79 d late
2021
44 d late
2020
67 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€620k▲ 271%
2020 · €167k
2020: €167k
2021: €620k▲ +271% vs 2020
2020 → 2021
EBIT margin
3.9%▼ 6.5pp
2020 · 10.5%
2020: 10.5%
2021: 3.9%▼ -62.5% vs 2020
2020 → 2021
Net result
€117k▼ 10.9%
2024 · €131k
2020: €13k
2021: €18k▲ +41.6% vs 2020
2022: €7k▼ -64.3% vs 2021lowest in 6 years
2023: €52k▲ +690% vs 2022
2024: €131k▲ +152% vs 2023highest in 6 years
2025: €117k▼ -10.9% vs 2024
2020 → 2025
Working capital
€255k▲ 69.1%
2024 · €151k
2020: €-5klowest in 6 years
2021: €12k▲ +320% vs 2020
2022: €18k▲ +54.3% vs 2021
2023: €38k▲ +113% vs 2022
2024: €151k▲ +295% vs 2023
2025: €255k▲ +69.1% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€620k-
Equity€42k-€49k▲ 15.5%€101k▲ 106%€232k▲ 130%€349k▲ 50.3%
2021: €42klowest in 5 years
2022: €49k▲ +15.5% vs 2021
2023: €101k▲ +106% vs 2022
2024: €232k▲ +130% vs 2023
2025: €349k▲ +50.3% vs 2024highest in 5 years
Operating result€24k-€15k▼ 39.0%€70k▲ 372%€176k▲ 150%€158k▼ 9.8%
2021: €24k
2022: €15k▼ -39.0% vs 2021lowest in 5 years
2023: €70k▲ +372% vs 2022
2024: €176k▲ +150% vs 2023highest in 5 years
2025: €158k▼ -9.8% vs 2024
Net result€18k-€7k▼ 64.3%€52k▲ 690%€131k▲ 152%€117k▼ 10.9%
2021: €18k
2022: €7k▼ -64.3% vs 2021lowest in 5 years
2023: €52k▲ +690% vs 2022
2024: €131k▲ +152% vs 2023highest in 5 years
2025: €117k▼ -10.9% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €535k
Fixed assets
€156k ▲ 14.3%
Current assets
€379k ▲ 14.3%
Equity and liabilities €535k
Equity
€349k ▲ 50.3%
Debt
€186k ▼ 21.1%
Debt's share of the balance-sheet total falls from 50.4% to 34.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€202k▼
2024 · €204k
Cash flow
€161k▲
2024 · €159k
Current ratio
3.05▲
2024 · 1.83
Debt to equity
0.53▼
2024 · 1.02
ROE
33.5%▼
2024 · 56.5%
ROA
21.8%▼
2024 · 28.0%
Interest coverage
22.04▼
2024 · 48.46
Debt ≤ 1 year
€124k▼
2024 · €181k
Debt > 1 year
€62k▲
2024 · €55k
Income taxes
€34k▼
2024 · €40k
Staff costs
€279k▲
2024 · €119k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€468k€535k▲
Fixed assets21/28€136k€156k▲
Tangible fixed assets22/27€136k€156k▲
Furniture and vehicles24€136k€156k▲
Current assets29/58€332k€379k▲
Amounts receivable after more than one year29-€40k
Other amounts receivable291-€40k
Amounts receivable within one year40/41€29k€76k▲
Trade receivables40€19k€55k▲
Other amounts receivable41€10k€21k▲
Cash at bank and in hand54/58€294k€243k▼
Deferred charges and accrued income490/1€9k€20k▲
Equity and liabilities
Total equity and liabilities10/49€468k€535k▲
Equity10/15€232k€349k▲
Contributions10/11€11k€11k=
Reserves13€220k€337k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€219k€336k▲
Profit (loss) carried forward14€838€573▼
Amounts payable17/49€236k€186k▼
Amounts payable after more than one year17€55k€62k▲
Financial debts170/4€55k€62k▲
Amounts payable within one year42/48€181k€124k▼
Current portion of amounts payable after more than one year42€34k€36k▲
Trade debts44€99k€40k▼
Suppliers440/4€99k€40k▼
Advances received on contracts in progress46€2k€2k=
Taxes, remuneration and social security45€35k€40k▲
Taxes450/3€24k€22k▼
Remuneration and social security454/9€11k€19k▲
Other amounts payable47/48€10k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€119k€279k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€44k▲
Other operating charges640/8€6k€4k▼
Gross operating margin9900€328k€485k▲
Operating profit (loss)9901€176k€158k▼
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€4k€9k▲
Recurring financial charges65€4k€9k▲
Profit (loss) for the period before taxes9903€171k€150k▼
Income taxes67/77€40k€34k▼
Profit (loss) for the period9904€131k€117k▼
Profit (loss) for the period to be appropriated9905€131k€117k▼
Appropriation of the result
Profit (loss) to be appropriated9906€132k€118k▼
Profit (loss) brought forward from the previous period14P€877€838▼
Transfer to equity691/2€131k€117k▼
To the legal reserve6920€131k€117k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €620k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €509k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €87k | €59k | €107k | €119k | €279k | ▲ 134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €10k | €18k | €28k | €44k | ▲ 54.7% |
| Other operating charges640/8 | €4k | €6k | €3k | €6k | €4k | ▼ 26.7% |
| Gross operating margin9900 | €119k | €91k | €198k | €328k | €485k | ▲ 47.7% |
| Operating profit (loss)9901 | €24k | €15k | €70k | €176k | €158k | ▼ 9.8% |
| Financial income75/76B | - | - | €123 | €0 | €1k | ▲ 344,131% |
| Recurring financial income75 | - | - | €123 | €0 | €1k | ▲ 344,131% |
| Financial charges65/66B | €2k | €1k | €4k | €4k | €9k | ▲ 118% |
| Recurring financial charges65 | €2k | €1k | €4k | €4k | €9k | ▲ 118% |
| Profit (loss) for the period before taxes9903 | €22k | €14k | €66k | €171k | €150k | ▼ 12.3% |
| Income taxes67/77 | €4k | €7k | €14k | €40k | €34k | ▼ 16.8% |
| Profit (loss) for the period9904 | €18k | €7k | €52k | €131k | €117k | ▼ 10.9% |
| Profit (loss) for the period to be appropriated9905 | €18k | €7k | €52k | €131k | €117k | ▼ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €187k | €150k | €244k | €468k | €535k | ▲ 14.3% |
| Fixed assets21/28 | €54k | €47k | €95k | €136k | €156k | ▲ 14.3% |
| Tangible fixed assets22/27 | €43k | €33k | €81k | €136k | €156k | ▲ 14.3% |
| Furniture and vehicles24 | €43k | €33k | €81k | €136k | €156k | ▲ 14.3% |
| Financial fixed assets28 | €11k | €14k | €14k | - | - | - |
| Current assets29/58 | €133k | €103k | €149k | €332k | €379k | ▲ 14.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €40k | - |
| Other amounts receivable291 | - | - | - | - | €40k | - |
| Amounts receivable within one year40/41 | €77k | €61k | - | €29k | €76k | ▲ 163% |
| Trade receivables40 | €77k | €61k | - | €19k | €55k | ▲ 184% |
| Other amounts receivable41 | - | - | - | €10k | €21k | ▲ 122% |
| Cash at bank and in hand54/58 | €56k | €35k | €149k | €294k | €243k | ▼ 17.4% |
| Deferred charges and accrued income490/1 | - | €7k | - | €9k | €20k | ▲ 130% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €187k | €150k | €244k | €468k | €535k | ▲ 14.3% |
| Equity10/15 | €42k | €49k | €101k | €232k | €349k | ▲ 50.3% |
| Contributions10/11 | €11k | €11k | €11k | €11k | €11k | = |
| Capital10 | €11k | - | - | - | - | - |
| Issued capital100 | €11k | - | - | - | - | - |
| Reserves13 | €1k | €1k | €89k | €220k | €337k | ▲ 53.2% |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | €1k | = |
| Legal reserve130 | €1k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | - | €88k | €219k | €336k | ▲ 53.4% |
| Profit (loss) carried forward14 | €30k | €37k | €877 | €838 | €573 | ▼ 31.6% |
| Amounts payable17/49 | €145k | €101k | €143k | €236k | €186k | ▼ 21.1% |
| Amounts payable after more than one year17 | €23k | €16k | €32k | €55k | €62k | ▲ 12.5% |
| Financial debts170/4 | €23k | €16k | €32k | €55k | €62k | ▲ 12.5% |
| Amounts payable within one year42/48 | €121k | €85k | €111k | €181k | €124k | ▼ 31.3% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | €42k | €34k | €36k | ▲ 5.5% |
| Trade debts44 | €76k | €41k | €8k | €99k | €40k | ▼ 59.4% |
| Suppliers440/4 | €76k | €41k | €8k | €99k | €40k | ▼ 59.4% |
| Advances received on contracts in progress46 | - | €2k | €2k | €2k | €2k | = |
| Taxes, remuneration and social security45 | €34k | €30k | €36k | €35k | €40k | ▲ 16.0% |
| Taxes450/3 | €18k | €10k | €24k | €24k | €22k | ▼ 11.3% |
| Remuneration and social security454/9 | €16k | €19k | €12k | €11k | €19k | ▲ 78.0% |
| Other amounts payable47/48 | €4k | €4k | €23k | €10k | €5k | ▼ 49.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €7k | €52k | €131k | €117k | ▼ 10.9% |
| + Depreciation and write-downs630 | €4k | €10k | €18k | €28k | €44k | ▲ 54.7% |
| Operating cash flow (approximation) | €23k | €17k | €70k | €159k | €161k | ▲ 0.8% |
| Investment in fixed assets (approximation) | - | €-3k | €-65k | €-70k | €-63k | ▲ 9.6% |
| Change in cash | - | €-21k | €115k | €144k | €-51k | ▼ 135% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €131k ▲152%
Operating result €176k, net result €131k, both a record.
31-12
Financial
Equity above €200kEq €232k ▲130%
5 profitable years in a row build equity to €232k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €101k ▲106%
4 profitable years in a row build equity to €101k.
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 79 days late
2022
31-12
Financial
Weakest financial yearnet €7k ▼64.3%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 44 days late
2021
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Evere · 1 establishment unit since 2020
Ground area
3,304 m²
Building footprint
1,528 m²
Volume, LiDAR
18,106 m³
Parcel 21372C0123/00R000, Brussels · tallest building 21.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ARField
since 20202.314.200.660
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0123/00R000 | Brussels | 3,304 m² | 1 · 1,528 m² | 21.8 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.
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 5,673 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
Founded25-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Contact
Scores and ratios are computed by Checked and are not a credit decision.