ARLINGTON
ActiveSummary
ARLINGTON has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,134 and a net result of -€7,832. Equity is shrinking by ~18.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 48% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-8
Solvency67▼-32
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.2%
Return on assets
-40.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€7,832
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
21 d early
2023
30 d late
2022
31 d late
2021
31 d late
2020
117 d late
2019
91 d late
← 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 44 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 (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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€8,134▼ 87.7%
2024 · €65,966
Total assets
€19,296▼ 78.5%
2024 · €89,546
Net result
-€7,832▲ 0.8%
2024 · -€7,893
Working capital
€8,078▼ 87.7%
2024 · €65,831
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Operating result-€621-€1,323▼ 113%-€6,871▼ 419%-€5,114▲ 25.6%-€6,578▼ 28.6%
Net result€8,263within the sector's middle half▼ 55.2%€7,614within the sector's middle half▼ 7.9%€5,660within the sector's middle half▼ 25.7%-€7,893below the sector's middle half-€7,832below the sector's middle half▲ 0.8%
Equity€197,839above the sector's middle half▲ 4.4%€205,453above the sector's middle half▲ 3.8%€73,860within the sector's middle half▼ 64.1%€65,966within the sector's middle half▼ 10.7%€8,134below the sector's middle half▼ 87.7%
Total assets€202,695within the sector's middle half▲ 5.3%€213,779within the sector's middle half▲ 5.5%€223,119within the sector's middle half▲ 4.4%€89,546within the sector's middle half▼ 59.9%€19,296below the sector's middle half▼ 78.5%
Debt€4,856▲ 69.8%€8,325▲ 71.5%€149,259▲ 1,693%€23,579▼ 84.2%€11,162▼ 52.7%
Working capital€195,310above the sector's middle half▲ 4.2%€203,058above the sector's middle half▲ 4.0%€71,543within the sector's middle half▼ 64.8%€65,831within the sector's middle half▼ 8.0%€8,078below the sector's middle half▼ 87.7%
Solvency97.6%above the sector's middle half▼ 0.9pp96.1%above the sector's middle half▼ 1.5pp33.1%within the sector's middle half▼ 63.0pp73.7%above the sector's middle half▲ 40.6pp42.2%within the sector's middle half▼ 31.5pp
Current ratio41.22above the sector's middle half▼ 25.2825.39above the sector's middle half▼ 15.831.48within the sector's middle half▼ 23.913.79above the sector's middle half▲ 2.311.72within the sector's middle half▼ 2.07
Return on assets (ROA)4.1%within the sector's middle half▼ 5.5pp3.6%within the sector's middle half▼ 0.5pp2.5%within the sector's middle half▼ 1.0pp-8.8%below the sector's middle half▼ 11.4pp-40.6%below the sector's middle half▼ 31.8pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,578 in 2025 against €5,114 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,296
Fixed assets
€56 ▼ 58.5%
Current assets
€19,240 ▼ 78.5%
Equity and liabilities €19,296
Equity
€8,134 ▼ 87.7%
Debt
€11,162 ▼ 52.7%
Debt's share of the balance-sheet total rises from 26.3% to 57.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,499▼
2024 · -€5,035
Cash flow
-€7,753▲
2024 · -€7,814
Debt to equity
1.37▲
2024 · 0.36
ROE
-96.3%▼
2024 · -12.0%
Interest coverage
-5.18▲
2024 · -7.43
Debt ≤ 1 year
€11,162▼
2024 · €23,579
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 5,836 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77 | €133 | €79 | €79 | €79 | = |
| Other operating charges640/8 | €1,246 | €50 | €17 | - | €1,430 | - |
| Gross operating margin9900 | €702 | -€1,140 | -€6,774 | -€5,035 | -€5,069 | ▼ 0.7% |
| Operating profit (loss)9901 | -€621 | -€1,323 | -€6,871 | -€5,114 | -€6,578 | ▼ 28.6% |
| Financial income75/76B | €11,721 | €12,502 | €11,171 | - | €0 | - |
| Recurring financial income75 | €11,721 | €12,502 | €11,171 | - | €0 | - |
| Financial charges65/66B | €142 | €146 | €335 | €2,779 | €1,254 | ▼ 54.9% |
| Recurring financial charges65 | €142 | €146 | €335 | €677 | €1,254 | ▲ 85.1% |
| Non-recurring financial charges66B | - | - | - | €2,102 | - | - |
| Profit (loss) for the period before taxes9903 | €10,958 | €11,032 | €3,965 | -€7,893 | -€7,832 | ▲ 0.8% |
| Income taxes67/77 | €2,695 | €3,418 | -€1,694 | - | - | - |
| Profit (loss) for the period9904 | €8,263 | €7,614 | €5,660 | -€7,893 | -€7,832 | ▲ 0.8% |
| Profit (loss) for the period to be appropriated9905 | €8,263 | €7,614 | €5,660 | -€7,893 | -€7,832 | ▲ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €202,695 | €213,779 | €223,119 | €89,546 | €19,296 | ▼ 78.5% |
| Fixed assets21/28 | €2,529 | €2,396 | €2,317 | €135 | €56 | ▼ 58.5% |
| Tangible fixed assets22/27 | €427 | €294 | €215 | €135 | €56 | ▼ 58.5% |
| Plant, machinery and equipment23 | €427 | €294 | €215 | €135 | €56 | ▼ 58.5% |
| Financial fixed assets28 | €2,102 | €2,102 | €2,102 | - | - | - |
| Current assets29/58 | €200,166 | €211,383 | €220,802 | €89,410 | €19,240 | ▼ 78.5% |
| Amounts receivable within one year40/41 | €196,585 | €207,796 | €215,651 | €84,869 | €352 | ▼ 99.6% |
| Trade receivables40 | €605 | €1,351 | - | €85 | - | - |
| Other amounts receivable41 | €195,980 | €206,444 | €215,651 | €84,784 | €352 | ▼ 99.6% |
| Cash at bank and in hand54/58 | €3,069 | €3,065 | €4,618 | €4,542 | €18,345 | ▲ 304% |
| Deferred charges and accrued income490/1 | €512 | €522 | €533 | - | €543 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €202,695 | €213,779 | €223,119 | €89,546 | €19,296 | ▼ 78.5% |
| Equity10/15 | €197,839 | €205,453 | €73,860 | €65,966 | €8,134 | ▼ 87.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €12,000 | ▼ 80.6% |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | - | - |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | - | - |
| Outside capital11 | - | - | - | - | €12,000 | - |
| Other1109/19 | - | - | - | - | €12,000 | - |
| Reserves13 | €86,763 | €94,377 | €11,860 | €11,860 | €11,860 | = |
| Non-distributable reserves130/1 | €14,874 | €14,874 | €6,200 | €6,200 | - | - |
| Legal reserve130 | €14,874 | €14,874 | €6,200 | €6,200 | - | - |
| Distributable reserves133 | €71,889 | €79,503 | €5,660 | €5,660 | €11,860 | ▲ 110% |
| Profit (loss) carried forward14 | €49,077 | €49,077 | - | -€7,893 | -€15,725 | ▼ 99.2% |
| Amounts payable17/49 | €4,856 | €8,325 | €149,259 | €23,579 | €11,162 | ▼ 52.7% |
| Amounts payable within one year42/48 | €4,856 | €8,325 | €149,259 | €23,579 | €11,162 | ▼ 52.7% |
| Trade debts44 | €944 | - | €2,086 | €5,485 | €1,742 | ▼ 68.2% |
| Suppliers440/4 | €944 | - | €2,086 | €5,485 | €1,742 | ▼ 68.2% |
| Taxes, remuneration and social security45 | €3,912 | €8,323 | €9,560 | €18,094 | €5,856 | ▼ 67.6% |
| Taxes450/3 | €3,912 | €8,323 | €9,560 | €18,094 | €1,328 | ▼ 92.7% |
| Remuneration and social security454/9 | - | - | - | - | €4,529 | - |
| Other amounts payable47/48 | - | €2 | €137,613 | - | €3,563 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,263 | €7,614 | €5,660 | -€7,893 | -€7,832 | ▲ 0.8% |
| + Depreciation and write-downs630 | €77 | €133 | €79 | €79 | €79 | = |
| Operating cash flow (approximation) | €8,340 | €7,747 | €5,739 | -€7,814 | -€7,753 | ▲ 0.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €2,102 | €0 | ▼ 100% |
| Change in cash | - | -€4 | €1,553 | -€77 | €13,803 | ▲ 18,094% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€7,893
Net result drops to -€7,893, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 3.79
Current ratio from 1.48 to 3.79; short-term debt falls from €149,259 to €23,579.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €200,000Eq €205,453 ▲3.8%
4 profitable years in a row build equity to €205,453.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1 day 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, Waterloo · 1 establishment unit since 1993
Ground area
820 m²
Building footprint
137 m²
Volume, LiDAR
626 m³
Parcel 25764N0714/00_000, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARLINGTON NV
since 19932.061.458.450
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764N0714/00_000 | Wallonia | 820 m² | 1 · 137 m² | 6.7 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 20,025 companies in sector 43320 we hold annual accounts for 9,138. 4,171 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
Founded16-03-1993
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449628454
Also
9925:BE0449628454
Registered
26-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.