Equity
ARKA CONSTRUCT has made a profit in every financial year since 2020.
ARKA CONSTRUCT has made a profit in every financial year since 2020.
ARKA CONSTRUCT pays its suppliers 21 days later than in 2023. Customers pay 62 days later.
2025 accounts not filed: deadline was 31-07-2026.
More equity than 92% of companies in specialised construction. Sector median €58,287 · 35,973 companies.
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 43, micro). It does better than 74% of them on solvency, 26% on liquidity, 37% on profitability and 35% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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).
In July 2024, 6,782 companies had the same profile as ARKA CONSTRUCT has now. Each dot stands for 17 companies, two years later.
The bankruptcy probability of ARKA CONSTRUCT itself is higher: 4.3% within 12 months. It rests on far more data about ARKA CONSTRUCT than the profile alone.
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 6,782 companies, not a prediction for ARKA CONSTRUCT. 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.
Liquidity is ample, with a current ratio of 2.46 (3.01 in 2023), above the usual 1.5. Short-term debt is 31.9% and cash 1.3% of total assets. 31.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 165 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ARKA CONSTRUCT Koekelberg | €1.1m | 3.5% | 68.1% | - |
| BOREAL SERVICE Brussels | €1.1m | 3.0% | 61.5% | - |
| JOLY CONSTRUCT Uccle | - | - | 40.5% | - |
| HANDY GROUP NVV Anderlecht | - | - | 32.8% | 3 |
| Revan Spuitkurk Ostend | - | - | -37.6% | 2.2 |
| ALPHEX Crisnée | - | - | 48.3% | - |
| De Cock Construct Kapellen | - | - | 3.8% | - |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ARKA CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €400,000 and €566,000, founded between 2019 and 2020.
ARKA CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €68,534 in 2020 to €85,901 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 11 November 2026.
Higher than 74% of 35,956 companies in 2024.
Higher than 64% of 35,354 companies in 2024.
Higher than 56% of 35,538 companies in 2024.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
473,052 | 411,184 | 477,274 | 110,826 | 72,284 | |
21/28 |
102,764 | 96,215 | 116,294 | 35,905 | 3,328 | |
22/27 |
53,271 | 96,215 | 116,294 | 35,905 | 3,328 | |
23 |
14,940 | 28,043 | 32,444 | 17,512 | 3,328 | |
24 |
17,334 | 37,535 | 43,573 | 18,394 | - | |
25 |
20,997 | 30,637 | 40,277 | - | - | |
28 |
49,493 | - | - | - | - | |
29/58 |
370,287 | 314,970 | 360,980 | 74,921 | 68,956 | |
40/41 |
355,701 | 275,284 | 276,139 | 48,241 | 28,310 | |
40 |
311,609 | 155,841 | 205,627 | - | 8,896 | |
41 |
44,092 | 119,444 | 70,512 | 48,241 | 19,414 | |
54/58 |
5,938 | 28,266 | 82,089 | 26,218 | 40,646 | |
490/1 |
8,649 | 11,420 | 2,752 | 462 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
473,052 | 411,184 | 477,274 | 110,826 | 72,284 | |
10/15 |
322,299 | 306,416 | 220,200 | 89,773 | 54,844 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
14 |
318,391 | 302,054 | 215,384 | 86,773 | 51,844 | |
15 |
908 | 1,362 | 1,816 | - | - | |
17/49 |
150,753 | 104,768 | 257,074 | 21,053 | 17,440 | |
42/48 |
150,753 | 104,768 | 257,074 | 21,053 | 17,440 | |
44 |
76,679 | 21,649 | 206,776 | 2,745 | 4,940 | |
440/4 |
76,679 | 21,649 | 206,776 | 2,745 | 4,940 | |
45 |
74,073 | 83,119 | 50,298 | 18,308 | 12,500 | |
450/3 |
74,073 | 83,119 | 50,298 | 18,308 | 12,500 | |
| Income statement | ||||||
70 |
1.1m | 1.4m | 1.0m | - | 254,425 | |
9900 |
85,901 | 159,944 | 199,592 | 59,305 | 68,534 | |
60/61 |
1.0m | 1.2m | 807,320 | 403,298 | 185,890 | |
630 |
44,676 | 43,215 | 28,124 | 8,556 | 658 | |
640/8 |
1,921 | 2,090 | 547 | 95 | - | |
66A |
690 | 809 | 855 | 120 | - | |
9901 |
38,613 | 113,830 | 170,067 | 50,535 | 67,877 | |
75/76B |
3,615 | 5,858 | 3,675 | 1,576 | 767 | |
75 |
3,615 | 5,858 | 3,675 | 1,576 | 767 | |
65/66B |
992 | 197 | 290 | 9,682 | 4,299 | |
65 |
992 | 197 | 290 | 9,682 | 4,299 | |
9903 |
41,235 | 119,491 | 173,451 | 42,429 | 64,344 | |
67/77 |
-102 | 32,821 | 44,841 | 7,500 | 12,500 | |
9904 |
41,337 | 86,670 | 128,610 | 34,929 | 51,844 | |
9905 |
41,337 | 86,670 | 128,610 | 34,929 | 51,844 | |
| Appropriation of the result | ||||||
9906 |
343,391 | 302,054 | 215,384 | 86,773 | 51,844 | |
14P |
302,054 | 215,384 | 86,773 | 51,844 | - | |
694/7 |
25,000 | - | - | - | - | |
695 |
25,000 | - | - | - | - | |
| Document | ||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 07-10-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 07-10-2025 | 2025-00537899 | |
| 31-12-2023 | micro format | 10-06-2025 | 2025-00142214 | |
| 31-12-2022 | micro format | 28-06-2024 | 2024-00181740 | |
| 31-12-2021 | micro format | 06-10-2022 | 2022-20458477 | |
| 31-12-2020 | full format | 13-09-2021 | 2021-67000379 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| 83,289 | 157,045 | 198,191 | 59,090 | 68,534 | ||
| 86,013 | 129,885 | 156,734 | 43,484 | 52,502 | ||
| 51,226 | 23,135 | 108,513 | 41,133 | 3,985 | ||
| -22,328 | -53,823 | 55,871 | -14,429 | - | ||
| 219,535 | 210,202 | 103,906 | 53,868 | 51,517 | ||
| 3.5% | 8.3% | 17.0% | - | 26.7% | ||
| 68.1% | 74.5% | 46.1% | 81.0% | 75.9% | ||
| 2.46 | 3.01 | 1.40 | 3.56 | 3.95 | ||
| 0.47 | 0.34 | 1.17 | 0.23 | 0.32 | ||
| 12.8% | 28.3% | 58.4% | 38.9% | 94.5% | ||
| 8.7% | 21.1% | 26.9% | 31.5% | 71.7% | ||
| 83.93 | over 100 | over 100 | 6.10 | - | ||
| 104 days | 42 days | 75 days | - | 13 days | ||
| 28 days | 7 days | 93 days | 2 days | 10 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €1,733 | €23,135 | €108,513 | €41,133 |
| Financial fixed assets | €49,493 | - | - | - |
| €44,676 | €43,215 | €28,124 | €8,556 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is 66% lower than in 2023 and the lowest since 2020. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 25.5% to 31.9%. Equity and debt are higher.
ARKA CONSTRUCT has no parent and no holdings in its annual accounts.
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See the function holders in the KBO register.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| François Sebrechtslaan 58 registered office 1081 Koekelberg 4100105 General construction of residential buildings | 15-01-2020 | 2.304.297.455 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21011A0007/00H000 | 603 m² | 1 · 537 m² | 28.7 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0741.591.625
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