ARKA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ARKA CONSTRUCT is 3.8% (moderate). The 2024 annual accounts show equity of €322,299 and a net result of €41,337. Equity is growing by ~36.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 36377 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-15
Solvency93▼-7
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 2.46 against 3.01 in 2023; short-term debt: 31.9% and cash: 1.3% of total assets), and 31.9% of the assets are financed with debt.
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Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
314 d late
2022
333 d late
2021
67 d late
2020
44 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 165 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€1.1m▼ 19.7%
2023 · €1.4m
EBIT margin
3.5%▼ 4.8pp
2023 · 8.3%
Net result
€41,337▼ 52.3%
2023 · €86,670
Working capital
€219,535▲ 4.4%
2023 · €210,202
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€254,425-€1.0m€1.4m▲ 36.4%€1.1m▼ 19.7%
Operating result€67,877-€50,535▼ 25.5%€170,067▲ 237%€113,830▼ 33.1%€38,613▼ 66.1%
Net result€51,844-€34,929▼ 32.6%€128,610▲ 268%€86,670▼ 32.6%€41,337▼ 52.3%
EBIT margin26.7%-17.0%8.3%▼ 8.6pp3.5%▼ 4.8pp
Equity€54,844-€89,773▲ 63.7%€220,200▲ 145%€306,416▲ 39.2%€322,299▲ 5.2%
Total assets€72,284-€110,826▲ 53.3%€477,274▲ 331%€411,184▼ 13.8%€473,052▲ 15.0%
Debt€17,440-€21,053▲ 20.7%€257,074▲ 1,121%€104,768▼ 59.2%€150,753▲ 43.9%
Working capital€51,517-€53,868▲ 4.6%€103,906▲ 92.9%€210,202▲ 102%€219,535▲ 4.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 66% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €473,052
Fixed assets
€102,764 ▲ 6.8%
Current assets
€370,287 ▲ 17.6%
Equity and liabilities €473,052
Equity
€322,299 ▲ 5.2%
Debt
€150,753 ▲ 43.9%
Debt's share of the balance-sheet total rises from 25.5% to 31.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€83,289▼
2023 · €157,045
Cash flow
€86,013▼
2023 · €129,885
Current ratio
2.46▼
2023 · 3.01
Debt to equity
0.47▲
2023 · 0.34
ROE
12.8%▼
2023 · 28.3%
ROA
8.7%▼
2023 · 21.1%
Interest coverage
83.93▼
2023 · 798.32
Debt ≤ 1 year
€150,753▲
2023 · €104,768
Income taxes
-€102▼
2023 · €32,821
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €254,425 | - | €1.0m | €1.4m | €1.1m | ▼ 19.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €403,298 | €807,320 | €1.2m | €1.0m | ▼ 16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €658 | €8,556 | €28,124 | €43,215 | €44,676 | ▲ 3.4% |
| Other operating charges640/8 | - | €95 | €547 | €2,090 | €1,921 | ▼ 8.0% |
| Non-recurring operating charges66A | - | €120 | €855 | €809 | €690 | ▼ 14.7% |
| Gross operating margin9900 | €68,534 | €59,305 | €199,592 | €159,944 | €85,901 | ▼ 46.3% |
| Operating profit (loss)9901 | €67,877 | €50,535 | €170,067 | €113,830 | €38,613 | ▼ 66.1% |
| Financial income75/76B | - | €1,576 | €3,675 | €5,858 | €3,615 | ▼ 38.3% |
| Recurring financial income75 | €767 | €1,576 | €3,675 | €5,858 | €3,615 | ▼ 38.3% |
| Financial charges65/66B | - | €9,682 | €290 | €197 | €992 | ▲ 404% |
| Recurring financial charges65 | €4,299 | €9,682 | €290 | €197 | €992 | ▲ 404% |
| Profit (loss) for the period before taxes9903 | €64,344 | €42,429 | €173,451 | €119,491 | €41,235 | ▼ 65.5% |
| Income taxes67/77 | €12,500 | €7,500 | €44,841 | €32,821 | -€102 | ▼ 100% |
| Profit (loss) for the period9904 | €51,844 | €34,929 | €128,610 | €86,670 | €41,337 | ▼ 52.3% |
| Profit (loss) for the period to be appropriated9905 | €51,844 | €34,929 | €128,610 | €86,670 | €41,337 | ▼ 52.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,284 | €110,826 | €477,274 | €411,184 | €473,052 | ▲ 15.0% |
| Fixed assets21/28 | €3,328 | €35,905 | €116,294 | €96,215 | €102,764 | ▲ 6.8% |
| Tangible fixed assets22/27 | €3,328 | €35,905 | €116,294 | €96,215 | €53,271 | ▼ 44.6% |
| Plant, machinery and equipment23 | - | €17,512 | €32,444 | €28,043 | €14,940 | ▼ 46.7% |
| Furniture and vehicles24 | - | €18,394 | €43,573 | €37,535 | €17,334 | ▼ 53.8% |
| Leasing and similar rights25 | - | - | €40,277 | €30,637 | €20,997 | ▼ 31.5% |
| Financial fixed assets28 | - | - | - | - | €49,493 | - |
| Current assets29/58 | €68,956 | €74,921 | €360,980 | €314,970 | €370,287 | ▲ 17.6% |
| Amounts receivable within one year40/41 | €28,310 | €48,241 | €276,139 | €275,284 | €355,701 | ▲ 29.2% |
| Trade receivables40 | - | - | €205,627 | €155,841 | €311,609 | ▲ 100.0% |
| Other amounts receivable41 | - | €48,241 | €70,512 | €119,444 | €44,092 | ▼ 63.1% |
| Cash at bank and in hand54/58 | €40,646 | €26,218 | €82,089 | €28,266 | €5,938 | ▼ 79.0% |
| Deferred charges and accrued income490/1 | - | €462 | €2,752 | €11,420 | €8,649 | ▼ 24.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,284 | €110,826 | €477,274 | €411,184 | €473,052 | ▲ 15.0% |
| Equity10/15 | €54,844 | €89,773 | €220,200 | €306,416 | €322,299 | ▲ 5.2% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €51,844 | €86,773 | €215,384 | €302,054 | €318,391 | ▲ 5.4% |
| Investment grants15 | - | - | €1,816 | €1,362 | €908 | ▼ 33.3% |
| Amounts payable17/49 | €17,440 | €21,053 | €257,074 | €104,768 | €150,753 | ▲ 43.9% |
| Amounts payable within one year42/48 | €17,440 | €21,053 | €257,074 | €104,768 | €150,753 | ▲ 43.9% |
| Trade debts44 | €4,940 | €2,745 | €206,776 | €21,649 | €76,679 | ▲ 254% |
| Suppliers440/4 | - | €2,745 | €206,776 | €21,649 | €76,679 | ▲ 254% |
| Taxes, remuneration and social security45 | - | €18,308 | €50,298 | €83,119 | €74,073 | ▼ 10.9% |
| Taxes450/3 | - | €18,308 | €50,298 | €83,119 | €74,073 | ▼ 10.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,844 | €34,929 | €128,610 | €86,670 | €41,337 | ▼ 52.3% |
| + Depreciation and write-downs630 | €658 | €8,556 | €28,124 | €43,215 | €44,676 | ▲ 3.4% |
| Operating cash flow (approximation) | €52,502 | €43,484 | €156,734 | €129,885 | €86,013 | ▼ 33.8% |
| Investment in fixed assets (approximation) | - | -€41,133 | -€108,513 | -€23,135 | -€51,226 | ▼ 121% |
| Change in cash | - | -€14,429 | €55,871 | -€53,823 | -€22,328 | ▲ 58.5% |
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
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 314 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 333 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 3.01
Current ratio from 1.40 to 3.01; short-term debt falls from €257,074 to €104,768.
2022
31-12
Financial
Highest result since 2020net €128,610 ▲268%
Operating result €170,067, net result €128,610, both a record.
31-12
Financial
Equity above €200,000Eq €220,200 ▲145%
3 profitable years in a row build equity to €220,200.
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
2021
31-12
Financial
Weakest financial yearnet €34,929 ▼32.6%
Net result drops to €34,929, the lowest in the series; recovery starts the following year.
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 44 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, Koekelberg · 1 establishment unit since 2020
Ground area
603 m²
Building footprint
537 m²
Volume, LiDAR
5,887 m³
Parcel 21011A0007/00H000, Brussels · tallest building 28.7 m, ±2 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
ARKA CONSTRUCT
since 20202.304.297.455
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21011A0007/00H000 | Brussels | 603 m² | 1 · 537 m² | 28.7 m · 2 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 15,521 companies in sector 43990 we hold annual accounts for 7,416. 5,280 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
Founded15-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43350Other building finishing work
43422Screed work
Scores and ratios are computed by Checked and are not a credit decision.