ARFIN
ActiveSummary
ARFIN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.8m and a net result of €84,057. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 1672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
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Signals
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.5% 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 1,860 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €301,925 | €214,028 | €200,684 | €395,527 | €251,207 | ▼ 36.5% |
| Other operating charges640/8 | €26,078 | €28,676 | €25,472 | €25,841 | €40,065 | ▲ 55.0% |
| Gross operating margin9900 | €545,529 | €282,669 | €112,373 | €311,213 | €287,763 | ▼ 7.5% |
| Operating profit (loss)9901 | €217,526 | €39,965 | -€113,782 | -€110,155 | -€3,509 | ▲ 96.8% |
| Financial income75/76B | €51,341 | €84,164 | €23,833 | €12,617 | €137,464 | ▲ 990% |
| Recurring financial income75 | €51,341 | €84,164 | €23,833 | €12,617 | €137,464 | ▲ 990% |
| Financial charges65/66B | €39,904 | €151,028 | -€53,714 | €33,289 | €44,676 | ▲ 34.2% |
| Recurring financial charges65 | €39,904 | €151,028 | -€53,714 | €33,289 | €44,676 | ▲ 34.2% |
| Profit (loss) for the period before taxes9903 | €228,964 | -€26,899 | -€36,235 | -€130,828 | €89,279 | ▲ 168% |
| Income taxes67/77 | €56,832 | €3,812 | -€2,473 | -€2,049 | €5,222 | ▲ 355% |
| Profit (loss) for the period9904 | €172,131 | -€30,711 | -€33,763 | -€128,779 | €84,057 | ▲ 165% |
| Profit (loss) for the period to be appropriated9905 | €172,131 | -€30,711 | -€33,763 | -€128,779 | €84,057 | ▲ 165% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.6m | €6.5m | €6.5m | €6.3m | €6.8m | ▲ 8.4% |
| Fixed assets21/28 | €4.6m | €4.5m | €4.7m | €5.3m | €5.8m | ▲ 8.9% |
| Tangible fixed assets22/27 | €4.6m | €4.5m | €4.7m | €5.3m | €5.8m | ▲ 8.9% |
| Land and buildings22 | €4.5m | €4.4m | €4.5m | €5.3m | €5.7m | ▲ 8.6% |
| Plant, machinery and equipment23 | €2,269 | €1,569 | €752 | €218 | €80 | ▼ 63.2% |
| Furniture and vehicles24 | €68,711 | €49,598 | €42,619 | €35,588 | €56,503 | ▲ 58.8% |
| Assets under construction and advance payments27 | - | - | €82,000 | - | - | - |
| Current assets29/58 | €2.1m | €2.0m | €1.8m | €966,214 | €1.0m | ▲ 5.9% |
| Amounts receivable within one year40/41 | €842,643 | €814,717 | €585,086 | €84,347 | €323,863 | ▲ 284% |
| Trade receivables40 | €285 | €930 | €40,681 | €37,303 | €250 | ▼ 99.3% |
| Other amounts receivable41 | €842,359 | €813,787 | €544,405 | €47,044 | €323,613 | ▲ 588% |
| Current investments50/53 | €770,295 | €705,663 | €797,612 | €818,978 | €685,511 | ▼ 16.3% |
| Cash at bank and in hand54/58 | €440,743 | €477,872 | €439,876 | €56,259 | €5,259 | ▼ 90.7% |
| Deferred charges and accrued income490/1 | €6,025 | €7,905 | €6,598 | €6,630 | €8,876 | ▲ 33.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.6m | €6.5m | €6.5m | €6.3m | €6.8m | ▲ 8.4% |
| Equity10/15 | €4.6m | €4.6m | €4.6m | €4.5m | €4.8m | ▲ 7.7% |
| Contributions10/11 | €37,160 | €37,160 | €37,160 | €37,160 | €94,033 | ▲ 153% |
| Reserves13 | €4.6m | €4.6m | €4.5m | €4.4m | €4.7m | ▲ 6.5% |
| Non-distributable reserves130/1 | €3,716 | €3,716 | €3,716 | €3,716 | - | - |
| Reserves not available under the articles1311 | €3,716 | €3,716 | €3,716 | €3,716 | - | - |
| Tax-exempt reserves132 | - | - | - | - | €16,849 | - |
| Distributable reserves133 | €4.6m | €4.6m | €4.5m | €4.4m | €4.7m | ▲ 6.2% |
| Provisions and deferred taxes16 | - | - | - | - | €5,616 | - |
| Deferred taxes168 | - | - | - | - | €5,616 | - |
| Amounts payable17/49 | €2.0m | €1.8m | €1.9m | €1.8m | €2.0m | ▲ 9.8% |
| Amounts payable after more than one year17 | €1.7m | €1.5m | €1.4m | €1.5m | €1.3m | ▼ 11.9% |
| Financial debts170/4 | €1.7m | €1.5m | €1.4m | €1.5m | €1.3m | ▼ 11.9% |
| Other amounts payable178/9 | €1,500 | €1,500 | - | - | - | - |
| Amounts payable within one year42/48 | €231,855 | €303,724 | €553,314 | €355,793 | €705,706 | ▲ 98.3% |
| Current portion of amounts payable after more than one year42 | €139,537 | €167,955 | €169,867 | €193,410 | €174,384 | ▼ 9.8% |
| Financial debts43 | €2,507 | €1,234 | €3,646 | €6,374 | €108,788 | ▲ 1,607% |
| Credit institutions430/8 | €2,507 | €1,234 | €3,646 | €6,374 | €108,788 | ▲ 1,607% |
| Trade debts44 | €44,752 | €10,789 | €4,494 | €112,441 | €10,600 | ▼ 90.6% |
| Suppliers440/4 | €44,752 | €10,789 | €4,494 | €112,441 | €10,600 | ▼ 90.6% |
| Taxes, remuneration and social security45 | €45,059 | €60,516 | €23,990 | €2,601 | €4,650 | ▲ 78.8% |
| Taxes450/3 | €45,059 | €60,516 | €23,990 | €2,601 | €4,650 | ▲ 78.8% |
| Other amounts payable47/48 | - | €63,231 | €351,317 | €40,967 | €407,284 | ▲ 894% |
| Accrued charges and deferred income492/3 | €5,018 | €3,399 | €4,120 | €4,323 | €8,055 | ▲ 86.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €172,131 | -€30,711 | -€33,763 | -€128,779 | €84,057 | ▲ 165% |
| + Depreciation and write-downs630 | €301,925 | €214,028 | €200,684 | €395,527 | €251,207 | ▼ 36.5% |
| Operating cash flow (approximation) | €474,056 | €183,317 | €166,921 | €266,747 | €335,264 | ▲ 25.7% |
| Investment in fixed assets (approximation) | - | -€113,517 | -€422,851 | -€1.0m | -€723,618 | ▲ 29.9% |
| Change in cash | - | €37,129 | -€37,996 | -€383,617 | -€51,000 | ▲ 86.7% |
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
28-01
State Gazette act
Capital & shares · Statutes amendment · RestructuringDemerger · Accounting effect · Real estate12 facts ▸
- General meeting, 23-12-2025
- Demerger, partial split by absorption, 445
- Demerger, partial split by absorption, 5093
- Accounting effect, 01-07-2025
- Real estate, Maison d'habitation et de rapport, Avenue de la Couronne 396, Ixelles (Section C, 224/B/2)
- Real estate, Maison et cabine électrique, Avenue de l'Hippodrome 35, Ixelles (Section B, 86/0/10 partie)
- Real estate, 99% indivis de l'appartement n°1 au bel étage, Avenue des Klauwaerts 6, Ixelles (Section B, 86X9)
- Capital increase, €56.873,26
- Share issue, actions nouvelles ordinaires, 445
- Statutes amendment
- Reserve release, Suppression du compte de capitaux propres statutairement indisponible (103.436,59 €) et mise en distribution
- Power of attorney, DELACROIX Sandrine
Show earlier events
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0086/00B011 | Brussels | 260 m² | 1 · 129 m² | 21.8 m · 6 fl. |
Linked by address, not proof of ownership
Articles of association
Full purpose
Toutes prestations de conseil, de gestion et de mandataire en matière financière, commerciale, fiscale et immobilière, et notamment, sans que cette liste soit limitative, tous conseils en organisation, gestion et administration, investissements immobiliers, gestion financière et de trésorerie, prise de participation dans des sociétés commerciales, conseils et mise en place d'une stratégie commerciale et marketing, gestion des ressources humaines.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
99.64%
According to the 2025 annual accounts of ARFIN and those 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.
Acquisitions and mergers
1 transactionCapital and shareholders
- 28-01-2026 Capital increase of 56,873.26 EUR · 445 new shares
Similar companies · same sector, comparable size
Identification & contact
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Register as of 28 September 2026 · Peppol Directory
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