ARKATH
ActiveSummary
ARKATH has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €167k and a net result of €29k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+3
Solvency97▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 7.16 against 6.49 in 2023; short-term debt: 11.1% and cash: 27.2% of total assets), and 27.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
12 d early
2022
29 d late
2021
61 d late
2020
25 d early
2019
53 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€167k▲ 18.0%
2023 · €141k
2019: €61klowest in 6 years
2020: €123k▲ +101% vs 2019
2021: €143k▲ +16.8% vs 2020
2022: €147k▲ +2.4% vs 2021
2023: €141k▼ -3.7% vs 2022
2024: €167k▲ +18.0% vs 2023highest in 6 years
2019 → 2024
Total assets
€231k▲ 7.1%
2023 · €216k
2019: €113klowest in 6 years
2020: €182k▲ +60.7% vs 2019
2021: €168k▼ -7.8% vs 2020
2022: €171k▲ +2.2% vs 2021
2023: €216k▲ +26.1% vs 2022
2024: €231k▲ +7.1% vs 2023highest in 6 years
2019 → 2024
Net result
€29k▲ 32.6%
2023 · €22k
2019: €49k
2020: €68k▲ +39.9% vs 2019highest in 6 years
2021: €24k▼ -65.0% vs 2020
2022: €3k▼ -85.8% vs 2021lowest in 6 years
2023: €22k▲ +538% vs 2022
2024: €29k▲ +32.6% vs 2023
2019 → 2024
Working capital
€158k▲ 20.7%
2023 · €131k
2019: €52klowest in 6 years
2020: €113k▲ +118% vs 2019
2021: €136k▲ +19.8% vs 2020
2022: €140k▲ +3.4% vs 2021
2023: €131k▼ -6.8% vs 2022
2024: €158k▲ +20.7% vs 2023highest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€123k-€143k▲ 16.8%€147k▲ 2.4%€141k▼ 3.7%€167k▲ 18.0%
2020: €123klowest in 5 years
2021: €143k▲ +16.8% vs 2020
2022: €147k▲ +2.4% vs 2021
2023: €141k▼ -3.7% vs 2022
2024: €167k▲ +18.0% vs 2023highest in 5 years
Operating result€87k-€31k▼ 64.4%€6k▼ 80.9%€31k▲ 431%€42k▲ 33.3%
2020: €87khighest in 5 years
2021: €31k▼ -64.4% vs 2020
2022: €6k▼ -80.9% vs 2021lowest in 5 years
2023: €31k▲ +431% vs 2022
2024: €42k▲ +33.3% vs 2023
Net result€68k-€24k▼ 65.0%€3k▼ 85.8%€22k▲ 538%€29k▲ 32.6%
2020: €68khighest in 5 years
2021: €24k▼ -65.0% vs 2020
2022: €3k▼ -85.8% vs 2021lowest in 5 years
2023: €22k▲ +538% vs 2022
2024: €29k▲ +32.6% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 33% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €231k
Fixed assets
€48k ▼ 21.9%
Current assets
€184k ▲ 18.7%
Equity and liabilities €231k
Equity
€167k ▲ 18.0%
Provisions
€1k =
Debt
€63k ▼ 13.7%
Debt's share of the balance-sheet total falls from 33.9% to 27.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▲
2023 · €41k
Cash flow
€42k▲
2023 · €31k
Current ratio
7.16▲
2023 · 6.49
Debt to equity
0.38▼
2023 · 0.52
ROE
17.2%▲
2023 · 15.3%
ROA
12.4%▲
2023 · 10.0%
Interest coverage
21.56▼
2023 · 109.34
Debt ≤ 1 year
€26k▲
2023 · €24k
Debt > 1 year
€38k▼
2023 · €49k
Income taxes
€11k▲
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€216k€231k▲
Fixed assets21/28€61k€48k▼
Tangible fixed assets22/27€61k€48k▼
Plant, machinery and equipment23€243€18▼
Furniture and vehicles24€61k€48k▼
Current assets29/58€155k€184k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€26k€28k▲
Trade receivables40€16k€27k▲
Other amounts receivable41€10k€1k▼
Current investments50/53€60k€90k▲
Cash at bank and in hand54/58€68k€63k▼
Deferred charges and accrued income490/1€532€2k▲
Equity and liabilities
Total equity and liabilities10/49€216k€231k▲
Equity10/15€141k€167k▲
Contributions10/11€19k€19k=
Reserves13€120k€140k▲
Distributable reserves133€120k€140k▲
Profit (loss) carried forward14€3k€8k▲
Provisions and deferred taxes16€1k€1k=
Provisions for liabilities and charges160/5€1k€1k=
Environmental obligations163€0-
Other liabilities and charges164/5€1k€1k=
Amounts payable17/49€73k€63k▼
Amounts payable after more than one year17€49k€38k▼
Financial debts170/4€49k€38k▼
Amounts payable within one year42/48€24k€26k▲
Current portion of amounts payable after more than one year42€12k€12k▼
Trade debts44€3k€98▼
Suppliers440/4€3k€98▼
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€2k€7k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€7k€7k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€13k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€42k€57k▲
Operating profit (loss)9901€31k€42k▲
Financial income75/76B€313€295▼
Recurring financial income75€313€295▼
Financial charges65/66B€374€3k▲
Recurring financial charges65€374€3k▲
Profit (loss) for the period before taxes9903€31k€40k▲
Income taxes67/77€10k€11k▲
Profit (loss) for the period9904€22k€29k▲
Profit (loss) for the period to be appropriated9905€22k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€31k▲
Profit (loss) brought forward from the previous period14P€4k€3k▼
Transfer from equity791/2€30k€0▼
Transfer to equity691/2€20k€20k=
To other reserves6921€20k€20k=
Profit to be distributed694/7€33k€3k▼
Return on contributions (dividend)694€33k€3k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €8k | €9k | €13k | ▲ 42.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €1k | - | - | - | - |
| Other operating charges640/8 | - | €666 | €1k | €1k | €2k | ▲ 32.7% |
| Non-recurring operating charges66A | - | - | €360 | €0 | - | - |
| Gross operating margin9900 | €96k | €41k | €16k | €42k | €57k | ▲ 35.4% |
| Operating profit (loss)9901 | €87k | €31k | €6k | €31k | €42k | ▲ 33.3% |
| Financial income75/76B | - | €19 | €838 | €313 | €295 | ▼ 5.7% |
| Recurring financial income75 | €13 | €19 | €838 | €313 | €295 | ▼ 5.7% |
| Financial charges65/66B | - | €299 | €760 | €374 | €3k | ▲ 587% |
| Recurring financial charges65 | €393 | €299 | €760 | €374 | €3k | ▲ 587% |
| Profit (loss) for the period before taxes9903 | €87k | €31k | €6k | €31k | €40k | ▲ 26.3% |
| Income taxes67/77 | €19k | €7k | €3k | €10k | €11k | ▲ 12.6% |
| Profit (loss) for the period9904 | €68k | €24k | €3k | €22k | €29k | ▲ 32.6% |
| Profit (loss) for the period to be appropriated9905 | €68k | €24k | €3k | €22k | €29k | ▲ 32.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182k | €168k | €171k | €216k | €231k | ▲ 7.1% |
| Fixed assets21/28 | €24k | €17k | €9k | €61k | €48k | ▼ 21.9% |
| Tangible fixed assets22/27 | €24k | €17k | €9k | €61k | €48k | ▼ 21.9% |
| Plant, machinery and equipment23 | - | €640 | €467 | €243 | €18 | ▼ 92.4% |
| Furniture and vehicles24 | - | €16k | €9k | €61k | €48k | ▼ 21.7% |
| Current assets29/58 | €158k | €151k | €162k | €155k | €184k | ▲ 18.7% |
| Amounts receivable after more than one year29 | - | €6k | €17k | €0 | - | - |
| Other amounts receivable291 | - | €6k | €17k | €0 | - | - |
| Amounts receivable within one year40/41 | €10k | €424 | €18k | €26k | €28k | ▲ 9.7% |
| Trade receivables40 | - | - | €16k | €16k | €27k | ▲ 74.9% |
| Other amounts receivable41 | - | €424 | €3k | €10k | €1k | ▼ 90.0% |
| Current investments50/53 | - | €50k | €50k | €60k | €90k | ▲ 50.1% |
| Cash at bank and in hand54/58 | €147k | €94k | €76k | €68k | €63k | ▼ 7.7% |
| Deferred charges and accrued income490/1 | - | €522 | €523 | €532 | €2k | ▲ 274% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182k | €168k | €171k | €216k | €231k | ▲ 7.1% |
| Equity10/15 | €123k | €143k | €147k | €141k | €167k | ▲ 18.0% |
| Contributions10/11 | - | €12k | €12k | €19k | €19k | = |
| Reserves13 | €100k | €130k | €130k | €120k | €140k | ▲ 16.7% |
| Distributable reserves133 | - | €130k | €130k | €120k | €140k | ▲ 16.7% |
| Profit (loss) carried forward14 | €10k | €1k | €4k | €3k | €8k | ▲ 191% |
| Provisions and deferred taxes16 | - | €1k | €1k | €1k | €1k | = |
| Provisions for liabilities and charges160/5 | - | €1k | €1k | €1k | €1k | = |
| Environmental obligations163 | - | - | - | €0 | - | - |
| Other liabilities and charges164/5 | - | €1k | €1k | €1k | €1k | = |
| Amounts payable17/49 | €59k | €23k | €23k | €73k | €63k | ▼ 13.7% |
| Amounts payable after more than one year17 | €15k | €8k | €1k | €49k | €38k | ▼ 23.9% |
| Financial debts170/4 | - | €8k | €1k | €49k | €38k | ▼ 23.9% |
| Amounts payable within one year42/48 | €44k | €15k | €22k | €24k | €26k | ▲ 7.6% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | €12k | €12k | ▼ 5.0% |
| Trade debts44 | €5k | €16 | €102 | €3k | €98 | ▼ 96.5% |
| Suppliers440/4 | - | €16 | €102 | €3k | €98 | ▼ 96.5% |
| Taxes, remuneration and social security45 | - | €8k | €15k | €2k | €7k | ▲ 328% |
| Taxes450/3 | - | €8k | €13k | €2k | €7k | ▲ 328% |
| Remuneration and social security454/9 | - | - | €1k | €0 | - | - |
| Other amounts payable47/48 | - | €286 | €89 | €7k | €7k | ▲ 1.8% |
| Accrued charges and deferred income492/3 | - | - | €250 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68k | €24k | €3k | €22k | €29k | ▲ 32.6% |
| + Depreciation and write-downs630 | €8k | €8k | €8k | €9k | €13k | ▲ 42.6% |
| Operating cash flow (approximation) | €76k | €32k | €11k | €31k | €42k | ▲ 35.6% |
| Investment in fixed assets (approximation) | - | €-766 | €-313 | €-62k | €0 | ▲ 100% |
| Change in cash | - | €-53k | €-18k | €-8k | €-5k | ▲ 35.9% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Equity above €150kEq €167k ▲18%
6 profitable years in a row build equity to €167k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €3k ▼85.8%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 10.06
Current ratio from 3.55 to 10.06; short-term debt falls from €44k to €15k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €68k ▲39.9%
Operating result €87k, net result €68k, both a record.
31-12
Financial
Equity above €100kEq €123k ▲101%
2 profitable years in a row build equity to €123k.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
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, Lokeren · 1 establishment unit since 2019
Ground area
801 m²
Building footprint
172 m²
Volume, LiDAR
791 m³
Parcel 44045D0761/00T000, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ARKATH
since 20192.285.408.585
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44045D0761/00T000 | Flanders | 801 m² | 1 · 172 m² | 7.7 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.
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 5,221 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
Founded31-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
33150Repair, maintenance and installation of machinery and equipment
41001General construction of residential buildings
66210Risk and damage evaluation
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.