ARKO
ActiveSummary
ARKO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €311,724. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 870 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+6
Solvency58▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.51 in 2024; short-term debt: 34.8% and cash: 1.7% of total assets), and 66.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.3%
Return on assets
7.7%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
9 d early
2023
29 d late
2022
30 d late
2021
31 d late
2020
3 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#2 employer in Sint-Laureins
Turnover
€19.6m▼ 9.3%
2020 · €21.6m
EBIT margin
0.3%▼ 0.4pp
2020 · 0.7%
Net result
€311,724▲ 239%
2024 · €92,009
Working capital
-€898,386▼ 21.6%
2024 · -€738,940
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€19.6m▼ 9.3%
Operating result€62,296▼ 61.4%€167,926▲ 170%€134,581▼ 19.9%€191,983▲ 42.7%€496,094▲ 158%
Net result€13,197within the sector's middle half▼ 89.0%€125,354within the sector's middle half▲ 850%€69,350within the sector's middle half▼ 44.7%€92,009within the sector's middle half▲ 32.7%€311,724above the sector's middle half▲ 239%
EBIT margin0.3%▼ 0.4pp
Equity€744,239within the sector's middle half▲ 1.8%€869,592within the sector's middle half▲ 16.8%€938,943within the sector's middle half▲ 8.0%€1.0mwithin the sector's middle half▲ 9.8%€1.3mwithin the sector's middle half▲ 30.2%
Total assets€3.4mabove the sector's middle half▲ 3.1%€3.6mabove the sector's middle half▲ 5.4%€3.4mabove the sector's middle half▼ 5.4%€3.5mabove the sector's middle half▲ 1.7%€4.0mwithin the sector's middle half▲ 16.3%
Debt€2.7m▲ 3.4%€2.7m▲ 2.2%€2.5m▼ 9.6%€2.4m▼ 1.7%€2.7m▲ 9.5%
Working capital-€311,682▼ 195%-€381,854▼ 22.5%-€333,714▲ 12.6%-€738,940▼ 121%-€898,386▼ 21.6%
Solvency21.7%within the sector's middle half▼ 0.3pp24.1%within the sector's middle half▲ 2.4pp27.5%within the sector's middle half▲ 3.4pp29.7%within the sector's middle half▲ 2.2pp33.3%within the sector's middle half▲ 3.6pp
Staff (FTE)12within the sector's middle half=13.4within the sector's middle half▲ 11.7%15.6within the sector's middle half▲ 16.4%16.1within the sector's middle half▲ 3.2%17.1within the sector's middle half▲ 6.2%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +239% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 158% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€3.5m ▲ 30.3%
Current assets
€505,949 ▼ 33.6%
Equity and liabilities €4.0m
Equity
€1.3m ▲ 30.2%
Provisions
€28,021 ▲ 372%
Debt
€2.7m ▲ 9.5%
Debt's share of the balance-sheet total falls from 70.1% to 66.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€810,471▲
2024 · €538,443
Cash flow
€626,101▲
2024 · €438,469
Current ratio
0.36▼
2024 · 0.51
Quick ratio
0.36▼
2024 · 0.51
Debt to equity
1.99▼
2024 · 2.36
ROE
23.2%▲
2024 · 8.9%
ROA
7.7%▲
2024 · 2.6%
Interest coverage
11.16▲
2024 · 9.58
Debt ≤ 1 year
€1.4m▼
2024 · €1.5m
Debt > 1 year
€1.2m▲
2024 · €925,890
Income taxes
€90,348▲
2024 · €38,104
Staff costs
€910,646▲
2024 · €750,524
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €19.6m | - | - | - | - | - |
| Non-recurring operating income76A | €17,111 | €15,489 | €23,500 | €56,193 | €107,500 | ▲ 91.3% |
| Goods, raw materials, services and sundry goods60/61 | €18.8m | - | - | - | - | - |
| Remuneration, social security and pensions62 | €495,072 | €543,637 | €674,385 | €750,524 | €910,646 | ▲ 21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €386,600 | €422,296 | €447,420 | €346,459 | €314,377 | ▼ 9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | -€144 | - |
| Other operating charges640/8 | €53,492 | €32,776 | €42,049 | €61,063 | €67,797 | ▲ 11.0% |
| Non-recurring operating charges66A | €295 | €18,472 | €0 | €1,292 | €0 | ▼ 100% |
| Gross operating margin9900 | €997,756 | €1.2m | €1.3m | €1.4m | €1.8m | ▲ 32.4% |
| Operating profit (loss)9901 | €62,296 | €167,926 | €134,581 | €191,983 | €496,094 | ▲ 158% |
| Financial income75/76B | €7 | €1 | €0 | €291 | €679 | ▲ 134% |
| Recurring financial income75 | €7 | €1 | €0 | €291 | €679 | ▲ 134% |
| Financial charges65/66B | €43,518 | €48,083 | €64,476 | €56,220 | €72,622 | ▲ 29.2% |
| Recurring financial charges65 | €43,518 | €48,083 | €64,476 | €56,220 | €72,622 | ▲ 29.2% |
| Profit (loss) for the period before taxes9903 | €18,785 | €119,843 | €70,104 | €136,054 | €424,151 | ▲ 212% |
| Transfer from deferred taxes780 | - | - | - | €309 | €420 | ▲ 36.0% |
| Transfer to deferred taxes680 | - | - | - | €6,250 | €22,500 | ▲ 260% |
| Income taxes67/77 | €5,588 | -€5,511 | €754 | €38,104 | €90,348 | ▲ 137% |
| Profit (loss) for the period9904 | €13,197 | €125,354 | €69,350 | €92,009 | €311,724 | ▲ 239% |
| Transfer from tax-exempt reserves789 | - | - | - | €927 | €1,261 | ▲ 36.0% |
| Transfer to tax-exempt reserves689 | - | - | - | €18,750 | €67,500 | ▲ 260% |
| Profit (loss) for the period to be appropriated9905 | €13,197 | €125,354 | €69,350 | €74,186 | €245,485 | ▲ 231% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.6m | €3.4m | €3.5m | €4.0m | ▲ 16.3% |
| Fixed assets21/28 | €2.1m | €2.7m | €2.5m | €2.7m | €3.5m | ▲ 30.3% |
| Tangible fixed assets22/27 | €2.1m | €2.2m | €2.0m | €1.7m | €2.1m | ▲ 24.5% |
| Land and buildings22 | €656,533 | €838,163 | €773,104 | €734,699 | €703,601 | ▼ 4.2% |
| Plant, machinery and equipment23 | €346,953 | €353,110 | €389,451 | €411,938 | €435,633 | ▲ 5.8% |
| Furniture and vehicles24 | €102,389 | €52,164 | €44,748 | €235,920 | €110,201 | ▼ 53.3% |
| Leasing and similar rights25 | €1.0m | €948,299 | €785,769 | €318,719 | €868,059 | ▲ 172% |
| Financial fixed assets28 | €635 | €500,635 | €500,635 | €1.0m | €1.4m | ▲ 40.1% |
| Current assets29/58 | €1.3m | €916,210 | €921,690 | €762,124 | €505,949 | ▼ 33.6% |
| Stocks and contracts in progress3 | €1,239 | €6,127 | €7,132 | €3,734 | €970 | ▼ 74.0% |
| Stocks30/36 | €1,239 | €6,127 | €7,132 | €3,734 | €970 | ▼ 74.0% |
| Amounts receivable within one year40/41 | €1.2m | €868,790 | €855,105 | €638,587 | €411,263 | ▼ 35.6% |
| Trade receivables40 | €1.2m | €848,836 | €855,105 | €638,266 | €388,266 | ▼ 39.2% |
| Other amounts receivable41 | €0 | €19,954 | €0 | €321 | €22,997 | ▲ 7,064% |
| Cash at bank and in hand54/58 | €62,564 | €28,839 | €33,422 | €90,574 | €67,109 | ▼ 25.9% |
| Deferred charges and accrued income490/1 | €21,346 | €12,453 | €26,030 | €29,229 | €26,607 | ▼ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.6m | €3.4m | €3.5m | €4.0m | ▲ 16.3% |
| Equity10/15 | €744,239 | €869,592 | €938,943 | €1.0m | €1.3m | ▲ 30.2% |
| Contributions10/11 | €611,614 | €611,614 | €611,614 | €611,614 | €611,614 | = |
| Capital10 | €611,614 | €611,614 | €611,614 | €611,614 | €611,614 | = |
| Issued capital100 | €611,614 | €611,614 | €611,614 | €611,614 | €611,614 | = |
| Reserves13 | €77,373 | €83,641 | €87,108 | €108,640 | €187,154 | ▲ 72.3% |
| Non-distributable reserves130/1 | €2,908 | €9,176 | €12,643 | €16,352 | €28,627 | ▲ 75.1% |
| Legal reserve130 | €2,908 | €9,176 | €12,643 | €16,352 | €28,627 | ▲ 75.1% |
| Tax-exempt reserves132 | - | - | - | €17,823 | €84,062 | ▲ 372% |
| Distributable reserves133 | €74,465 | €74,465 | €74,465 | €74,465 | €74,465 | = |
| Profit (loss) carried forward14 | €55,251 | €174,337 | €240,220 | €310,697 | €543,908 | ▲ 75.1% |
| Provisions and deferred taxes16 | - | - | - | €5,941 | €28,021 | ▲ 372% |
| Deferred taxes168 | - | - | - | €5,941 | €28,021 | ▲ 372% |
| Amounts payable17/49 | €2.7m | €2.7m | €2.5m | €2.4m | €2.7m | ▲ 9.5% |
| Amounts payable after more than one year17 | €1.1m | €1.4m | €1.2m | €925,890 | €1.2m | ▲ 29.6% |
| Financial debts170/4 | €1.1m | €1.4m | €1.2m | €925,890 | €1.2m | ▲ 29.6% |
| Amounts payable within one year42/48 | €1.6m | €1.3m | €1.3m | €1.5m | €1.4m | ▼ 6.4% |
| Current portion of amounts payable after more than one year42 | €348,202 | €385,980 | €354,662 | €324,912 | €417,217 | ▲ 28.4% |
| Financial debts43 | €12,395 | €3,569 | €2,475 | €0 | €60,610 | - |
| Credit institutions430/8 | €12,395 | €3,569 | €2,475 | €0 | €60,610 | - |
| Trade debts44 | €1.2m | €586,446 | €577,700 | €850,778 | €628,320 | ▼ 26.1% |
| Suppliers440/4 | €1.2m | €586,446 | €577,700 | €850,778 | €628,320 | ▼ 26.1% |
| Taxes, remuneration and social security45 | €68,584 | €105,397 | €103,896 | €108,701 | €82,028 | ▼ 24.5% |
| Taxes450/3 | €14,752 | €11,149 | €23,316 | €25,039 | €730 | ▼ 97.1% |
| Remuneration and social security454/9 | €53,832 | €94,248 | €80,580 | €83,662 | €81,298 | ▼ 2.8% |
| Other amounts payable47/48 | €2,061 | €216,672 | €216,672 | €216,672 | €216,160 | ▼ 0.2% |
| Accrued charges and deferred income492/3 | €9,662 | €8,731 | €8,408 | €8,594 | €62,265 | ▲ 625% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,197 | €125,354 | €69,350 | €92,009 | €311,724 | ▲ 239% |
| + Depreciation and write-downs630 | €386,600 | €422,296 | €447,420 | €346,459 | €314,377 | ▼ 9.3% |
| Operating cash flow (approximation) | €399,797 | €547,650 | €516,770 | €438,469 | €626,101 | ▲ 42.8% |
| Investment in fixed assets (approximation) | - | -€972,044 | -€248,756 | -€563,069 | -€1.1m | ▼ 102% |
| Change in cash | - | -€33,725 | €4,583 | €57,152 | -€23,465 | ▼ 141% |
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
Next filing, fiscal year 2026, expected by
2026
17-08
State Gazette act
Reappointments: Sandra Goethals, Koen Goethals and Arne Goethals8 facts ▸
State Gazette act
Reappointments: Sandra Goethals, Koen Goethals and Arne Goethals
8 facts ▸
- General meeting, 28-07-2026
- Director reappointment, Sandra Goethals (director)
- Other statement, bekrachtiging bestuurshandelingen, geacht rechtsgeldig en namens vennootschap te zijn verricht
- Director reappointment, Koen Goethals (director)
- Other statement, bekrachtiging bestuurshandelingen, geacht rechtsgeldig en namens vennootschap te zijn verricht
- Director reappointment, Arne Goethals (director)
- Board meeting, 28-07-2026
- Director reappointment, Koen Goethals (managing director)
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €311,724 ▲239%
Operating result €496,094, net result €311,724, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1mEq €1.0m ▲9.8%
7 profitable years in a row build equity to €1.0m.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €13,197 ▼89%
Net result drops to €13,197, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500,000Eq €611,030 ▲25.7%
2 profitable years in a row build equity to €611,030.
Show earlier events
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 78 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 12 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26353421). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
Arne Goethals
CurrentDirector · since 12-06-2026
Koen Goethals
CurrentDirector · since 12-06-2026
Sandra Goethals
CurrentDirector · since 12-06-2026
Day-to-day management 1
Koen Goethals
CurrentManaging director · since 12-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
13 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Laureins · 3 establishment units since 2000
Ground area
2.1 ha
Building footprint
546 m²
Volume, LiDAR
2,321 m³
2 parcels, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
3 establishment units
Vrombautstraat 42, 9971 Kaprijke
since 20002.131.835.217
ARKO
since 20132.226.431.892
Arko Kaprijke
since 20262.394.204.478
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43014C0950/00E000 | Flanders | 1.5 ha | 1 · 546 m² | 10.0 m · 1 fl. |
| 43009A0145/00A000indicative | Flanders | 6,523 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Arne Goethals |
|
| Koen Goethals |
|
| Sandra Goethals |
|
Articles of association
Who signs
A managing director alone
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- SIBAVAR
- ARKO
Highest known parent: SIBAVAR. The sources do not say who stands above it.
Owners 1
- SIBAVARparentSourceaccounts SIBAVAR 2025100%
Holdings 1
-
75.81%
According to the 2025 annual accounts of ARKO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Laureins2.226.431.892
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 3,672 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
01462Crop and animal production, hunting and related service activities
49410Freight transport by road
Contact
E-mail
bvba.sibavar@telenet.be
Fax
09/377.70.86
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465601087
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.