Skip to content

ARNAS CONSTRUCTION

Active
Private limited companyfounded 20215 yrs activeMechelsesteenweg 151A, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0771.854.932
Summary

The computed 12-month bankruptcy probability of ARNAS CONSTRUCTION is 3.4% (moderate). The 2024 annual accounts show negative equity (-€16,896) and a net result of €10,657. Equity is shrinking by ~56.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 9975 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.59 in 2023; short-term debt: 158.5% and cash: 1.9% of total assets), and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
-58.5%
Return on assets
36.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9975 sector peers (2024).
NBB · sector comparison
Position among 9975 sector peers
Solvency
better than 5%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2026, 331 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
331 d late
2023
194 d late
2022
92 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 206 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 July 2021, ARNAS CONSTRUCTION was incorporated as a Private limited company.1 Total assets went from EUR 31,423 in 2022 to EUR 28,896 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
-€16,896▲ 38.7%
2023 · -€27,553
Total assets
€28,896▼ 67.2%
2023 · €88,104
Net result
€10,657
2023 · -€29,736
Working capital
-€26,498▲ 44.6%
2023 · -€47,848
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line202220232024
Operating result€822--€29,687€14,453
Net result€682within the sector's middle half--€29,736below the sector's middle half€10,657within the sector's middle half
Equity€2,182below the sector's middle half--€27,553below the sector's middle half-€16,896below the sector's middle half▲ 38.7%
Total assets€31,423below the sector's middle half-€88,104within the sector's middle half▲ 180%€28,896below the sector's middle half▼ 67.2%
Debt€29,241-€115,657▲ 296%€45,793▼ 60.4%
Working capital-€7,418below the sector's middle half--€47,848below the sector's middle half▼ 545%-€26,498below the sector's middle half▲ 44.6%
Solvency6.9%below the sector's middle half--31.3%below the sector's middle half▼ 38.2pp-58.5%below the sector's middle half▼ 27.2pp
Current ratio0.75below the sector's middle half-0.59below the sector's middle half▼ 0.160.42below the sector's middle half▼ 0.16
Return on assets (ROA)2.2%within the sector's middle half--33.8%below the sector's middle half▼ 35.9pp36.9%above the sector's middle half▲ 70.6pp
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2022: €822€822Net result 2022: €682€682Operating result 2023: -€29,687-€29,687Net result 2023: -€29,736-€29,736Operating result 2024: €14,453€14,453Net result 2024: €10,657€10,657202220232024-€40,000-€20,000€0€20,000Operating result 2022: €822€822Net result 2022: €682€682Operating result 2023: -€29,687-€29,700Net result 2023: -€29,736-€29,700Operating result 2024: €14,453€14,500Net result 2024: €10,657€10,700202220232024
The operating result returns to profit in 2024: €14,453 after a loss of €29,687 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €28,896
Fixed assets €9,601 ▼ 52.7%
Current assets €19,295 ▼ 71.5%
Key figures and ratios
2024 value · change against 2023
EBITDA
€18,902▲
2023 · -€24,699
Cash flow
€15,106▲
2023 · -€24,748
Debt to equity
-2.71▲
2023 · -4.20
Interest coverage
63.94▲
2023 · -515.11
Debt ≤ 1 year
€45,793▼
2023 · €115,657
Income taxes
€3,500▲
2023 · €0
Staff costs
€22,874▼
2023 · €53,319
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
4.3% went bankrupt
5.6% stopped otherwise
89% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.4% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,178 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€88,104€28,896▼
Fixed assets21/28€20,295€9,601▼
Tangible fixed assets22/27€20,295€9,601▼
Plant, machinery and equipment23€5,232€2,723▼
Furniture and vehicles24€15,062€6,879▼
Current assets29/58€67,809€19,295▼
Amounts receivable within one year40/41€57,417€17,731▼
Trade receivables40€51,886-
Other amounts receivable41€5,531€17,731▲
Cash at bank and in hand54/58€9,978€555▼
Deferred charges and accrued income490/1€415€1,009▲
Equity and liabilities
Total equity and liabilities10/49€88,104€28,896▼
Equity10/15-€27,553-€16,896▲
Contributions10/11€1,500€1,500=
Profit (loss) carried forward14-€29,053-€18,396▲
Amounts payable17/49€115,657€45,793▼
Amounts payable within one year42/48€115,657€45,793▼
Trade debts44€37,785€19,275▼
Suppliers440/4€37,785€19,275▼
Taxes, remuneration and social security45€5,325€6,410▲
Taxes450/3€853€6,183▲
Remuneration and social security454/9€4,472€227▼
Other amounts payable47/48€72,547€20,108▼
Income statement Code20232024
Remuneration, social security and pensions62€53,319€22,874▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,988€4,449▼
Other operating charges640/8€2,839€8,998▲
Gross operating margin9900€31,458€50,774▲
Operating profit (loss)9901-€29,687€14,453▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€48€296▲
Recurring financial charges65€48€296▲
Profit (loss) for the period before taxes9903-€29,735€14,157▲
Income taxes67/77€0€3,500▲
Profit (loss) for the period9904-€29,736€10,657▲
Profit (loss) for the period to be appropriated9905-€29,736€10,657▲
Appropriation of the result
Profit (loss) to be appropriated9906-€29,053-€18,396▲
Profit (loss) brought forward from the previous period14P€682-€29,053▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Remuneration, social security and pensions62€14,619€53,319€22,874▼ 57.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,350€4,988€4,449▼ 10.8%
Other operating charges640/8€507€2,839€8,998▲ 217%
Gross operating margin9900€19,299€31,458€50,774▲ 61.4%
Operating profit (loss)9901€822-€29,687€14,453▲ 149%
Financial income75/76B€253€0--
Recurring financial income75€253€0--
Financial charges65/66B€222€48€296▲ 517%
Recurring financial charges65€222€48€296▲ 517%
Profit (loss) for the period before taxes9903€853-€29,735€14,157▲ 148%
Income taxes67/77€171€0€3,500▲ 874,900%
Profit (loss) for the period9904€682-€29,736€10,657▲ 136%
Profit (loss) for the period to be appropriated9905€682-€29,736€10,657▲ 136%
Line202220232024Change
Assets
Total assets20/58€31,423€88,104€28,896▼ 67.2%
Fixed assets21/28€9,600€20,295€9,601▼ 52.7%
Tangible fixed assets22/27€9,600€20,295€9,601▼ 52.7%
Plant, machinery and equipment23-€5,232€2,723▼ 48.0%
Furniture and vehicles24€9,600€15,062€6,879▼ 54.3%
Current assets29/58€21,823€67,809€19,295▼ 71.5%
Amounts receivable within one year40/41€18,942€57,417€17,731▼ 69.1%
Trade receivables40€12,408€51,886--
Other amounts receivable41€6,534€5,531€17,731▲ 221%
Cash at bank and in hand54/58€2,881€9,978€555▼ 94.4%
Deferred charges and accrued income490/1-€415€1,009▲ 143%
Equity and liabilities
Total equity and liabilities10/49€31,423€88,104€28,896▼ 67.2%
Equity10/15€2,182-€27,553-€16,896▲ 38.7%
Contributions10/11€1,500€1,500€1,500=
Profit (loss) carried forward14€682-€29,053-€18,396▲ 36.7%
Amounts payable17/49€29,241€115,657€45,793▼ 60.4%
Amounts payable within one year42/48€29,241€115,657€45,793▼ 60.4%
Trade debts44€12,770€37,785€19,275▼ 49.0%
Suppliers440/4€12,770€37,785€19,275▼ 49.0%
Taxes, remuneration and social security45€194€5,325€6,410▲ 20.4%
Taxes450/3€171€853€6,183▲ 625%
Remuneration and social security454/9€23€4,472€227▼ 94.9%
Other amounts payable47/48€16,277€72,547€20,108▼ 72.3%
Line202220232024Change
Profit (loss) for the period9904€682-€29,736€10,657▲ 136%
+ Depreciation and write-downs630€3,350€4,988€4,449▼ 10.8%
Operating cash flow (approximation)€4,033-€24,748€15,106▲ 161%
Investment in fixed assets (approximation)--€15,682€6,244▲ 140%
Change in cash-€7,097-€9,423▼ 233%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
27-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 331 days late
2025
10-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 194 days late
2024
31-12
Financial Back to profitnet €10,657
Net result €10,657 after one loss-making year.
2023
31-12
Financial Weakest financial yearnet -€29,736
Net result drops to -€29,736, the lowest in the series; recovery starts the following year.
31-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 92 days 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Vilvoorde · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
8,187 m²
Building footprint
1,889 m²
Volume, LiDAR
801 m³
2 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
32 companies at this address See who is registered here
1 establishment unit
Establishment
Specialised construction activities
since 20212.321.506.245
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23094D0041/00F000 Flanders 7,975 m² 1 · 1,789 m² -
23643E0027/00K004 Flanders 212 m² 1 · 100 m² 10.6 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. 3,605 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
Founded30-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
43120Site preparation
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0771854932
Also 9925:BE0771854932
Registered 31-12-2025

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.