ARK
ActiveSummary
ARK has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €180,191 and a net result of €60,963. Equity is growing by ~39.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 6162 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-3
Solvency44▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 0.62 in 2023; short-term debt: 16.4% and cash: 2.4% of total assets), and 81.3% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
72 d early
2022
68 d early
2021
60 d early
2020
58 d early
2019
25 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 43 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€180,191▲ 51.1%
2023 · €119,229
Total assets
€964,923▲ 4.0%
2023 · €928,124
Net result
€60,963▼ 29.5%
2023 · €86,468
Working capital
€30,777
2023 · -€51,209
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service 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
Line20202021202220232024
Operating result€23,545-€6,196€52,289€113,910▲ 118%€110,908▼ 2.6%
Net result-€6,508within the sector's middle half▲ 86.9%-€34,452below the sector's middle half▼ 429%€23,507above the sector's middle half€86,468above the sector's middle half▲ 268%€60,963above the sector's middle half▼ 29.5%
Equity€43,706within the sector's middle half▼ 13.0%€9,254within the sector's middle half▼ 78.8%€32,761within the sector's middle half▲ 254%€119,229above the sector's middle half▲ 264%€180,191above the sector's middle half▲ 51.1%
Total assets€1.0mabove the sector's middle half▼ 3.1%€915,806above the sector's middle half▼ 8.5%€904,352above the sector's middle half▼ 1.3%€928,124above the sector's middle half▲ 2.6%€964,923above the sector's middle half▲ 4.0%
Debt€957,237▼ 2.6%€906,552▼ 5.3%€871,591▼ 3.9%€808,895▼ 7.2%€784,732▼ 3.0%
Working capital-€47,342below the sector's middle half▲ 42.0%-€104,649below the sector's middle half▼ 121%-€101,086below the sector's middle half▲ 3.4%-€51,209below the sector's middle half▲ 49.3%€30,777above the sector's middle half
Solvency4.4%within the sector's middle half▼ 0.5pp1.0%within the sector's middle half▼ 3.4pp3.6%within the sector's middle half▲ 2.6pp12.8%within the sector's middle half▲ 9.2pp18.7%within the sector's middle half▲ 5.8pp
Current ratio0.48within the sector's middle half▲ 0.260.19below the sector's middle half▼ 0.290.31below the sector's middle half▲ 0.120.62within the sector's middle half▲ 0.311.19within the sector's middle half▲ 0.57
Return on assets (ROA)-0.7%within the sector's middle half▲ 4.2pp-3.8%within the sector's middle half▼ 3.1pp2.6%within the sector's middle half▲ 6.4pp9.3%within the sector's middle half▲ 6.7pp6.3%within the sector's middle half▼ 3.0pp
Staff (FTE)0.41.6▲ 300%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service 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 falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €964,923
Fixed assets
€775,749 ▼ 7.3%
Current assets
€189,175 ▲ 125%
Equity and liabilities €964,923
Equity
€180,191 ▲ 51.1%
Debt
€784,732 ▼ 3.0%
Debt's share of the balance-sheet total falls from 87.2% to 81.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€199,260▲
2023 · €193,901
Cash flow
€149,314▼
2023 · €166,459
Quick ratio
1.12▲
2023 · 0.52
Debt to equity
4.35▼
2023 · 6.78
ROE
33.8%▼
2023 · 72.5%
Interest coverage
7.44▲
2023 · 6.90
Debt ≤ 1 year
€158,398▲
2023 · €135,282
Debt > 1 year
€626,334▼
2023 · €673,613
Income taxes
€23,274
Staff costs
€59,010▲
2023 · €34,881
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
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 0.7% 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 6,706 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €34,881 | €59,010 | ▲ 69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,019 | €69,621 | €72,072 | €79,991 | €88,351 | ▲ 10.5% |
| Other operating charges640/8 | - | €3,449 | €5,456 | €9,027 | €5,562 | ▼ 38.4% |
| Gross operating margin9900 | €95,352 | €66,874 | €129,817 | €237,809 | €263,831 | ▲ 10.9% |
| Operating profit (loss)9901 | €23,545 | -€6,196 | €52,289 | €113,910 | €110,908 | ▼ 2.6% |
| Financial income75/76B | - | €142 | €453 | €660 | €111 | ▼ 83.2% |
| Recurring financial income75 | €313 | €142 | €453 | €660 | €111 | ▼ 83.2% |
| Financial charges65/66B | - | €28,397 | €29,236 | €28,102 | €26,783 | ▼ 4.7% |
| Recurring financial charges65 | €30,366 | €28,397 | €29,236 | €28,102 | €26,783 | ▼ 4.7% |
| Profit (loss) for the period before taxes9903 | -€6,508 | -€34,452 | €23,507 | €86,468 | €84,236 | ▼ 2.6% |
| Income taxes67/77 | - | - | - | - | €23,274 | - |
| Profit (loss) for the period9904 | -€6,508 | -€34,452 | €23,507 | €86,468 | €60,963 | ▼ 29.5% |
| Profit (loss) for the period to be appropriated9905 | -€6,508 | -€34,452 | €23,507 | €86,468 | €60,963 | ▼ 29.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €915,806 | €904,352 | €928,124 | €964,923 | ▲ 4.0% |
| Formation expenses20 | €28,816 | €21,612 | €14,408 | €7,204 | - | - |
| Fixed assets21/28 | €928,456 | €868,968 | €843,654 | €836,847 | €775,749 | ▼ 7.3% |
| Tangible fixed assets22/27 | €928,456 | €868,968 | €843,654 | €836,847 | €775,749 | ▼ 7.3% |
| Land and buildings22 | - | €538,406 | €514,190 | €489,974 | €679,430 | ▲ 38.7% |
| Plant, machinery and equipment23 | - | €282,069 | €289,954 | €313,178 | €79,775 | ▼ 74.5% |
| Furniture and vehicles24 | - | €19,174 | €19,811 | €23,616 | €16,084 | ▼ 31.9% |
| Leasing and similar rights25 | - | €29,319 | €19,699 | €10,079 | €459 | ▼ 95.4% |
| Current assets29/58 | €43,671 | €25,226 | €46,289 | €84,073 | €189,175 | ▲ 125% |
| Stocks and contracts in progress3 | €9,810 | €9,810 | €9,810 | €13,961 | €11,961 | ▼ 14.3% |
| Stocks30/36 | - | €9,810 | €9,810 | €13,961 | €11,961 | ▼ 14.3% |
| Amounts receivable within one year40/41 | €11,389 | €8,247 | €20,977 | €60,152 | €148,533 | ▲ 147% |
| Trade receivables40 | - | €8,185 | €18,107 | €58,305 | €145,378 | ▲ 149% |
| Other amounts receivable41 | - | €62 | €2,869 | €1,847 | €3,154 | ▲ 70.8% |
| Cash at bank and in hand54/58 | €22,473 | €7,169 | €15,503 | €9,960 | €22,919 | ▲ 130% |
| Deferred charges and accrued income490/1 | - | - | - | - | €5,762 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €915,806 | €904,352 | €928,124 | €964,923 | ▲ 4.0% |
| Equity10/15 | €43,706 | €9,254 | €32,761 | €119,229 | €180,191 | ▲ 51.1% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | - | - | - | - | €60,963 | - |
| Distributable reserves133 | - | - | - | - | €60,963 | - |
| Profit (loss) carried forward14 | -€56,294 | -€90,746 | -€67,240 | €19,229 | €19,229 | = |
| Amounts payable17/49 | €957,237 | €906,552 | €871,591 | €808,895 | €784,732 | ▼ 3.0% |
| Amounts payable after more than one year17 | €866,224 | €776,677 | €724,216 | €673,613 | €626,334 | ▼ 7.0% |
| Financial debts170/4 | - | €776,677 | €724,216 | €673,613 | €626,334 | ▼ 7.0% |
| Amounts payable within one year42/48 | €91,013 | €129,875 | €147,375 | €135,282 | €158,398 | ▲ 17.1% |
| Current portion of amounts payable after more than one year42 | - | €50,739 | €52,461 | €50,603 | €47,279 | ▼ 6.6% |
| Trade debts44 | €19,608 | €4,874 | €26,931 | €54,679 | €63,332 | ▲ 15.8% |
| Suppliers440/4 | - | €4,874 | €26,931 | €54,679 | €63,332 | ▲ 15.8% |
| Advances received on contracts in progress46 | - | €10,185 | €3,980 | - | - | - |
| Taxes, remuneration and social security45 | - | €773 | €751 | - | €47,786 | - |
| Taxes450/3 | - | €773 | €751 | - | €35,289 | - |
| Remuneration and social security454/9 | - | - | - | - | €12,497 | - |
| Other amounts payable47/48 | - | €63,304 | €63,252 | €30,000 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,508 | -€34,452 | €23,507 | €86,468 | €60,963 | ▼ 29.5% |
| + Depreciation and write-downs630 | €68,019 | €69,621 | €72,072 | €79,991 | €88,351 | ▲ 10.5% |
| Operating cash flow (approximation) | €61,511 | €35,169 | €95,579 | €166,459 | €149,314 | ▼ 10.3% |
| Investment in fixed assets (approximation) | - | -€10,133 | -€46,758 | -€73,183 | -€27,253 | ▲ 62.8% |
| Change in cash | - | -€15,303 | €8,333 | -€5,543 | €12,959 | ▲ 334% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Equity above €150,000Eq €180,191 ▲51.1%
3 profitable years in a row build equity to €180,191.
20-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €86,468 ▲268%
Operating result €113,910, net result €86,468, both a record.
31-12
Financial
Equity above €100,000Eq €119,229 ▲264%
2 profitable years in a row build equity to €119,229.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €23,507
Net result €23,507 after 3 loss-making years.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Geraardsbergen · 1 establishment unit since 2018
Ground area
965 m²
Building footprint
189 m²
Volume, LiDAR
647 m³
Parcel 41043A0406/00A000, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ARK
since 20182.273.548.455
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41043A0406/00A000 | Flanders | 965 m² | 1 · 189 m² | 5.3 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGeraardsbergen2.273.548.455
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Of 903 companies in sector 96301 we hold annual accounts for 612. 530 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
Founded23-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
96301Funeral services
56210Event catering
56220Contract catering and other food service activities
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0690908927
Also
9925:BE0690908927
Registered
05-02-2024
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.