ARKITE
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 21 filings
Turnover
≈ €2.1m
Estimated: probably between €1.5m and €2.8m
EBIT margin
Not included in this filing
Net result
-€846,597▲ 10.7%
2024 · -€948,446
Working capital
€300,064▼ 47.0%
2024 · €566,617
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€849,639
▲ 12.2%
2025
20182025
Net result
-€846,597
▲ 10.7%
2025
lowest quarter of the sector
20182025
Equity
€171,844
▼ 75.6%
2025
middle half of the sector
20182025
Total assets
€1.7m
▼ 6.8%
2025
middle half of the sector
20182025
Debt
€1.5m
▲ 38.1%
2025
20182025
Working capital
€300,064
▼ 47.0%
2025
middle half of the sector
20182025
Solvency
10.3%
▼ 29.2pp
2025
lowest quarter of the sector
20182025
Current ratio
1.60
▼ 0.72
2025
middle half of the sector
20182025
Return on assets (ROA)
-51.0%
▲ 2.2pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
13
▲ 15.0%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.9m--€1.0m▼ 18.4%-€0.9m▲ 7.8%-€0.8m▲ 10.9%-€1.1m▼ 32.0%-€1.0m▲ 12.2%-€1.0m▲ 0.8%-€0.8m▲ 12.2%
Net result-€0.9m--€0.9m▼ 6.9%-€0.8mbelow the sector's middle half▲ 14.2%-€0.6mbelow the sector's middle half▲ 22.3%-€0.9mbelow the sector's middle half▼ 52.5%-€0.9mbelow the sector's middle half▲ 9.6%-€0.9mbelow the sector's middle half▼ 10.6%-€0.8mbelow the sector's middle half▲ 10.7%
Equity€0.6m-€1.3m▲ 128%€1.7mabove the sector's middle half▲ 27.1%€1.6mabove the sector's middle half▼ 5.9%€1.5mabove the sector's middle half▼ 4.4%€1.1mabove the sector's middle half▼ 28.0%€0.7mwithin the sector's middle half▼ 34.8%€0.2mwithin the sector's middle half▼ 75.6%
Total assets€1.0m-€1.7m▲ 75.1%€2.3mabove the sector's middle half▲ 34.1%€2.2mabove the sector's middle half▼ 6.9%€2.1mabove the sector's middle half▼ 3.7%€2.0mabove the sector's middle half▼ 5.5%€1.8mwithin the sector's middle half▼ 8.9%€1.7mwithin the sector's middle half▼ 6.8%
Debt€0.4m-€0.4m▲ 0.6%€0.6m▲ 56.5%€0.6m▼ 9.6%€0.6m▼ 2.1%€0.9m▲ 54.1%€1.1m▲ 23.1%€1.5m▲ 38.1%
Working capital€0.3m-€0.9m▲ 232%€1.2mabove the sector's middle half▲ 34.4%€0.7mabove the sector's middle half▼ 41.9%€0.9mabove the sector's middle half▲ 19.7%€0.9mabove the sector's middle half▼ 0.9%€0.6mabove the sector's middle half▼ 33.7%€0.3mwithin the sector's middle half▼ 47.0%
Solvency58.6%-76.2%▲ 17.6pp72.2%above the sector's middle half▼ 4.0pp73.0%above the sector's middle half▲ 0.8pp72.5%above the sector's middle half▼ 0.5pp55.2%within the sector's middle half▼ 17.3pp39.5%within the sector's middle half▼ 15.7pp10.3%below the sector's middle half▼ 29.2pp
Current ratio1.76-3.99▲ 2.235.17above the sector's middle half▲ 1.172.61within the sector's middle half▼ 2.553.45above the sector's middle half▲ 0.843.54above the sector's middle half▲ 0.092.32within the sector's middle half▼ 1.221.60within the sector's middle half▼ 0.72
Return on assets (ROA)-88.6%--54.1%▲ 34.5pp-34.6%below the sector's middle half▲ 19.5pp-28.9%below the sector's middle half▲ 5.7pp-45.8%below the sector's middle half▼ 16.9pp-43.8%below the sector's middle half▲ 2.0pp-53.2%below the sector's middle half▼ 9.4pp-51.0%below the sector's middle half▲ 2.2pp
Staff (FTE)10.2-13.2▲ 29.4%13.7above the sector's middle half▲ 3.8%13.1above the sector's middle half▼ 4.4%9.1within the sector's middle half▼ 30.5%10.2above the sector's middle half▲ 12.1%11.3above the sector's middle half▲ 10.8%13within the sector's middle half▲ 15.0%
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €849,639, smaller than the loss of €967,255 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€860,355 ▲ 9.2%
Current assets
€801,231 ▼ 19.5%
Equity and liabilities €1.7m
Equity
€171,844 ▼ 75.6%
Debt
€1.5m ▲ 38.1%
Debt's share of the balance-sheet total rises from 60.5% to 89.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€338,637▲
2024 · -€447,405
Cash flow
-€335,595▲
2024 · -€428,596
Quick ratio
1.33▼
2024 · 1.99
Debt to equity
8.67▲
2024 · 1.53
ROE
-492.7%▼
2024 · -134.6%
Interest coverage
-13.67▲
2024 · -42.16
Debt ≤ 1 year
€501,166▲
2024 · €429,020
Debt > 1 year
€305,825
Income taxes
-€27,812▼
2024 · -€18,379
Staff costs
€1.2m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 9 | 11 | 12 | 12 |
| full-time | 7 | 8 | 11 | 12 | 12 |
| part-time | 1 | 1 | 0 | 0 | 0 |
| in full-time equivalents | 7.8 | 8.8 | 11 | 12 | 12 |
| Average over the year, in full-time equivalents | 13.1 | 9.1 | 10.2 | 11.3 | 13 |
| On a permanent contract | 8 | 9 | 11 | 12 | 12 |
| Joined | 5 | 5 | 3 | 3 | 4 |
| Left | 12 | 4 | 1 | 2 | 4 |
| Training hours | 196 | 84 | 156 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | - | €389,367 |
| Debts guaranteed by Belgian public bodies | - | - | - | - | €389,367 |
| Pledge on the business | €300,000 | €300,000 | €300,000 | €300,000 | €330,000 |
| Mandates to pledge the business | - | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,963 | €4,749 | €9,721 | €27,034 | €8,890 |
| Intangible fixed assets | €734,239 | €416,072 | €468,742 | €518,201 | €574,566 |
| Financial fixed assets | - | - | €3,090 | - | €0 |
| Depreciation and write-downs of the year | €538,001 | €548,179 | €572,065 | €519,850 | €511,002 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 6 entries · €13,326 awarded · €13,326 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 2 | €2,138 | €2,138 |
| 2023 | 2 | €7,260 | €7,260 |
| 2022 | 2 | €3,928 | €3,928 |
European research
1 projectProgrammes
Projects
Ecodesign Doctoral Network
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.9m | €0.7m | €0.9m | €1.1m | €1.2m | ▲ 12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | €0.5m | €0.5m | ▼ 1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.004m | -€0.003m | - |
| Other operating charges640/8 | - | - | - | €0.006m | €0.007m | €0.006m | €0.005m | €0.004m | ▼ 26.9% |
| Non-recurring operating charges66A | - | - | - | €0.001m | - | - | - | - | - |
| Gross operating margin9900 | €0.1m | €0.3m | €0.4m | €0.6m | €0.2m | €0.5m | €0.6m | €0.9m | ▲ 38.4% |
| Operating profit (loss)9901 | -€0.9m | -€1.0m | -€0.9m | -€0.8m | -€1.1m | -€1.0m | -€1.0m | -€0.8m | ▲ 12.2% |
| Financial income75/76B | - | - | - | €0.2m | €0.2m | €0.1m | €0.01m | €0 | ▼ 100.0% |
| Recurring financial income75 | €12 | €0.08m | €0.1m | €0.2m | €0.2m | €0.1m | €0.01m | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €0.01m | €0.009m | €0.009m | €0.01m | €0.02m | ▲ 133% |
| Recurring financial charges65 | €0.004m | €0.01m | €0.009m | €0.01m | €0.009m | €0.009m | €0.01m | €0.02m | ▲ 133% |
| Non-recurring financial charges66B | - | - | - | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€0.9m | -€1.0m | -€0.8m | -€0.7m | -€1.0m | -€0.9m | -€1.0m | -€0.9m | ▲ 9.6% |
| Income taxes67/77 | €0.002m | -€0.02m | -€0.02m | -€0.03m | -€0.02m | -€0.02m | -€0.02m | -€0.03m | ▼ 51.3% |
| Profit (loss) for the period9904 | -€0.9m | -€0.9m | -€0.8m | -€0.6m | -€0.9m | -€0.9m | -€0.9m | -€0.8m | ▲ 10.7% |
| Profit (loss) for the period to be appropriated9905 | -€0.9m | -€0.9m | -€0.8m | -€0.6m | -€0.9m | -€0.9m | -€0.9m | -€0.8m | ▲ 10.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.7m | €2.3m | €2.2m | €2.1m | €2.0m | €1.8m | €1.7m | ▼ 6.8% |
| Fixed assets21/28 | €0.3m | €0.5m | €0.8m | €1.0m | €0.9m | €0.8m | €0.8m | €0.9m | ▲ 9.2% |
| Intangible fixed assets21 | €0.3m | €0.5m | €0.8m | €1.0m | €0.8m | €0.7m | €0.8m | €0.8m | ▲ 10.6% |
| Tangible fixed assets22/27 | €0.02m | €0.01m | €0.004m | €0.02m | €0.01m | €0.02m | €0.03m | €0.03m | ▼ 23.0% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.01m | €0.01m | €0.008m | €0.005m | ▼ 42.4% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.005m | €0.007m | €0.02m | €0.02m | ▼ 16.8% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.004m | €0.001m | €0.001m | = |
| Current assets29/58 | €0.6m | €1.2m | €1.5m | €1.2m | €1.2m | €1.2m | €1.0m | €0.8m | ▼ 19.5% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €0.1m | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €0.1m | - |
| Stocks and contracts in progress3 | €0.08m | €0.05m | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 3.1% |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 3.1% |
| Amounts receivable within one year40/41 | €0.3m | €0.4m | €0.3m | €0.6m | €0.4m | €0.7m | €0.5m | €0.4m | ▼ 30.3% |
| Trade receivables40 | - | - | - | €0.4m | €0.2m | €0.6m | €0.4m | €0.3m | ▼ 8.4% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.1m | €0.1m | €0.2m | €0.03m | ▼ 80.1% |
| Cash at bank and in hand54/58 | €0.2m | €0.8m | €1.1m | €0.4m | €0.7m | €0.4m | €0.3m | €0.1m | ▼ 59.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.07m | €0.003m | €0.009m | €0.02m | €0.02m | ▼ 8.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.7m | €2.3m | €2.2m | €2.1m | €2.0m | €1.8m | €1.7m | ▼ 6.8% |
| Equity10/15 | €0.6m | €1.3m | €1.7m | €1.6m | €1.5m | €1.1m | €0.7m | €0.2m | ▼ 75.6% |
| Contributions10/11 | €2.7m | €1.9m | €2.9m | €3.4m | €4.5m | €5.0m | €5.6m | €5.9m | ▲ 5.6% |
| Capital10 | - | - | - | €3.4m | €4.5m | €5.0m | €5.6m | €5.9m | ▲ 5.6% |
| Issued capital100 | - | - | - | €3.4m | €4.5m | €5.3m | €5.9m | €5.9m | = |
| Uncalled capital101 | - | - | - | - | - | €0.3m | €0.3m | €0 | ▼ 100% |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€2.2m | -€0.7m | -€1.5m | -€2.2m | -€3.1m | -€4.0m | -€4.9m | -€5.8m | ▼ 17.2% |
| Investment grants15 | - | - | - | €0.3m | €0.1m | €0.01m | €0 | - | - |
| Amounts payable17/49 | €0.4m | €0.4m | €0.6m | €0.6m | €0.6m | €0.9m | €1.1m | €1.5m | ▲ 38.1% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | - | €0.3m | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €0.3m | - |
| Amounts payable within one year42/48 | €0.4m | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.4m | €0.5m | ▲ 16.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €0.08m | - |
| Trade debts44 | €0.2m | €0.2m | €0.2m | €0.4m | €0.3m | €0.2m | €0.3m | €0.3m | ▼ 3.9% |
| Suppliers440/4 | - | - | - | €0.4m | €0.3m | €0.2m | €0.3m | €0.3m | ▼ 3.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.09m | €0.2m | €0.2m | €0.2m | ▼ 0.7% |
| Taxes450/3 | - | - | - | €249 | €0.02m | €0.02m | €0.03m | €0.03m | ▲ 16.8% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.07m | €0.1m | €0.1m | €0.1m | ▼ 4.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.2m | €0.5m | €0.6m | €0.7m | ▲ 5.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€871,736 | -€932,025 | -€799,909 | -€621,819 | -€948,269 | -€857,634 | -€948,446 | -€846,597 | ▲ 10.7% |
| + Depreciation and write-downs630 | €259,013 | €425,695 | €420,611 | €538,001 | €548,179 | €572,065 | €519,850 | €511,002 | ▼ 1.7% |
| Operating cash flow (approximation) | -€612,723 | -€506,330 | -€379,297 | -€83,817 | -€400,090 | -€285,569 | -€428,596 | -€335,595 | ▲ 21.7% |
| Investment in fixed assets (approximation) | - | -€577,560 | -€700,881 | -€748,202 | -€420,822 | -€481,554 | -€542,145 | -€583,457 | ▼ 7.6% |
| Change in cash | - | €557,119 | €327,909 | -€691,384 | €333,565 | -€379,626 | -€72,338 | -€170,139 | ▼ 135% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 307 companies had the same profile as ARKITE has now. Two years later, 88.9% were still going and 4.9% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
88.9%
was still going
5.2%
stopped otherwise
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARKITE itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 307 companies, not a prediction for ARKITE. 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.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 19-06-2026 | 2026-00177463 | |
| 31-12-2024 | abbreviated format | 20-06-2025 | 2025-00160417 | |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00260476 | |
| 31-12-2022 | abbreviated format | 07-07-2023 | 2023-00220418 | |
| 31-12-2021 | abbreviated format | 22-06-2022 | 2022-20085110 | |
| 31-12-2020 | abbreviated format | 09-06-2021 | 2021-18900023 | |
| 31-12-2019 | abbreviated format | 23-06-2020 | 2020-21600011 | |
| 31-12-2018 | abbreviated format | 17-06-2019 | 2019-19400277 | |
| 31-12-2017 | abbreviated format | 23-07-2018 | 2018-38400279 | |
| 31-12-2016 | abbreviated format | 13-07-2017 | 2017-30700474 |