Losses
-€81,580 in nine years
Every financial year from 2017 to 2025 closed with a loss. 2018 was the heaviest.
ARKA
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €77,573 (2016)
€21,519▼ 5.0%
lowest -€32,727 (2018)
-€5,494▼ €970
peak €268,436 (2016)
€186,855▼ 2.9%
€427,609▼ 1.6%
Board2 names since 2016
2 directorsDE KEGEL Arlette and 1 other
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Loss of €5,494
Key points
from the 2025 annual accountsChecked score
91
Excellent
Financially stronger than 39% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025highest value
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.05, cash €2,338
lowers risk
Size: total assets €614,464
Figures for financial year 2025 (filed on 31-07-2026)
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 33% of them on solvency, 41% on liquidity, 45% on profitability and 35% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as ARKA has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARKA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for ARKA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.05 (0.05 in 2024), below 1. Short-term debt is 8.3% and cash 0.4% of total assets. 69.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€5,494
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
12 days early
2022
38 days early
2021
33 days early
2020
31 days late
2019
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 10 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
2 directors appointed, 2 resignations, 2 reappointments
Resignations: DE KEGEL Arlette (managing director) and DE KEGEL Karel (managing director) · Reappointments: DE KEGEL Arlette (director) and DE KEGEL Karel (director) · Appointments: DE KEGEL Karel (managing director) and DE KEGEL Arlette (managing director) · General meeting of 05-12-2023 · Gazette deed
2 directors appointed, 2 reappointments
Reappointments: De Kegel Arlette and De Kegel Karel · Appointments: De Kegel Arlette (managing director) and De Kegel Karel (managing director) · General meeting of 23-06-2022 · Gazette deed
Registered office moved from Erembodegem to Denderleeuw
New registered office: Stationsstraat 25 te 9470 Denderleeuw · Previous registered office: Ninovestraat 50, 9320 Erembodegem · General meeting of 21-08-2019 · Gazette deed
Incorporation
published on 09-04-2004 · Gazette deed
Official details
Source: KBO- Status
- Active since 30-03-2004Normal situation
- Activity
- “De aankoop, ruiling, verkoop, in huurneming, verhuring en onderhoud van onroerende goederen, evenals de…” (deed in Dutch)From the articles, 9 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.137.665.6109470 Denderleeuw, since 26-03-2004
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €614,464▼ 2.0%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on ARKA
ARKA files the abbreviated format. That format states no turnover. The gross margin rose from €19,423 in 2006 to €21,519 in 2025.
In July 2022, the Official Gazette published the appointment of DE KEGEL Arlette as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARKA
- What is the company number of ARKA?
- The company number of ARKA is 0864.387.289. The VAT number is the same number with BE in front: BE 0864.387.289.
- Where is ARKA based?
- The registered office is at Stationsstraat 25, 9470 Denderleeuw.Company details
- What is the legal form of ARKA?
- ARKA is a public limited company (NV).
- When was ARKA founded?
- ARKA was founded on 30-03-2004.
- Is ARKA still active?
- Yes, ARKA is an active enterprise in the KBO register.
- What is the turnover of ARKA?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €21,519 and 2,728 comparable companies of the same size. It probably lies between €61,000 and €360,000. It is a rough estimate.Financials
- Is ARKA profitable?
- In financial year 2025, ARKA made a loss of €5,494.
- Where can I find the annual accounts of ARKA?
- ARKA filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARKA due?
- ARKA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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