ARNAUD
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 29 filings
Turnover
≈ €240,000
Estimated: probably between €180,000 and €280,000
EBIT margin
Not included in this filing
Net result
€117,892▲ 848%
2023 · €12,440
Working capital
€609,936▲ 18×
2023 · €34,550
In the rankings
#6 company by equity in Oupeye, Other services sector#7 company by total assets in Oupeye, Other services sector#8 oldest company in Oupeye, Other services sector
Multi-year overview
2019 to 2025, 6 financial yearsOperating result
€122,224
2025
20192025
Net result
€117,892
2025
highest quarter of the sector
20192025
Equity
€559,909
2025
highest quarter of the sector
20192025
Total assets
€880,774
2025
highest quarter of the sector
20192025
Debt
€320,865
2025
20192025
Working capital
€609,936
2025
highest quarter of the sector
20192025
Solvency
63.6%
2025
highest quarter of the sector
20192025
Current ratio
6.35
2025
highest quarter of the sector
20192025
Return on assets (ROA)
13.4%
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232025
Operating result€55,631-€12,336▼ 77.8%€30,002▲ 143%€80,910▲ 170%€16,422▼ 79.7%€122,224-
Net result€37,366-€1,225within the sector's middle half▼ 96.7%€15,581within the sector's middle half▲ 13×€52,783within the sector's middle half▲ 239%€12,440within the sector's middle half▼ 76.4%€117,892above the sector's middle half-
Equity€344,833-€346,057above the sector's middle half▲ 0.4%€361,638within the sector's middle half▲ 4.5%€414,421within the sector's middle half▲ 14.6%€426,862within the sector's middle half▲ 3.0%€559,909above the sector's middle half-
Total assets€744,801-€698,681within the sector's middle half▼ 6.2%€678,510within the sector's middle half▼ 2.9%€690,004within the sector's middle half▲ 1.7%€716,374within the sector's middle half▲ 3.8%€880,774above the sector's middle half-
Debt€375,524-€330,670▼ 11.9%€297,224▼ 10.1%€257,507▼ 13.4%€281,842▲ 9.5%€320,865-
Working capital-€32,715--€36,804below the sector's middle half▼ 12.5%-€15,871within the sector's middle half▲ 56.9%€36,554within the sector's middle half€34,550within the sector's middle half▼ 5.5%€609,936above the sector's middle half-
Solvency46.3%-49.5%within the sector's middle half▲ 3.2pp53.3%within the sector's middle half▲ 3.8pp60.1%above the sector's middle half▲ 6.8pp59.6%above the sector's middle half▼ 0.5pp63.6%above the sector's middle half-
Current ratio0.81-0.78within the sector's middle half▼ 0.030.90within the sector's middle half▲ 0.121.25within the sector's middle half▲ 0.351.18within the sector's middle half▼ 0.076.35above the sector's middle half-
Return on assets (ROA)5.0%-0.2%within the sector's middle half▼ 4.8pp2.3%within the sector's middle half▲ 2.1pp7.6%within the sector's middle half▲ 5.4pp1.7%within the sector's middle half▼ 5.9pp13.4%within the sector's middle half-
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). 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 €122,224, against €16,422 in 2023. Comparable figures for the intervening years are unavailable.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €880,774
Fixed assets
€156,859 ▼ 68.1%
Current assets
€723,915 ▲ 221%
Equity and liabilities €880,774
Equity
€559,909 ▲ 31.2%
Provisions
€0 ▼ 100%
Debt
€320,865 ▲ 13.8%
Debt's share of the balance-sheet total falls from 39.3% to 36.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€131,903▲
2023 · €32,717
Cash flow
€127,571▲
2023 · €28,736
Debt to equity
0.57▼
2023 · 0.66
ROE
21.1%▲
2023 · 2.9%
Interest coverage
28.74▲
2023 · 4.89
Debt ≤ 1 year
€113,980▼
2023 · €190,686
Debt > 1 year
€70,540▼
2023 · €91,156
Income taxes
€43,950▲
2023 · €19,723
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-09-2022 | 30-09-2023 | 30-09-2025 |
|---|---|---|---|
| Mortgages, amount registered | €129,082 | €129,082 | - |
| Carrying value of the mortgaged assets | €129,082 | €129,082 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2025 |
|---|---|---|---|
| Tangible fixed assets | - | €41,509 | €0 |
| Financial fixed assets | €1,250 | €164 | - |
| Depreciation and write-downs of the year | €27,612 | €16,295 | €9,679 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,242 | €37,023 | €35,140 | €27,612 | €16,295 | €9,679 | - |
| Other operating charges640/8 | - | - | - | €9,461 | €8,063 | €4,292 | - |
| Gross operating margin9900 | €103,809 | €55,774 | €70,578 | €117,983 | €40,780 | €136,195 | - |
| Operating profit (loss)9901 | €55,631 | €12,336 | €30,002 | €80,910 | €16,422 | €122,224 | - |
| Financial income75/76B | - | - | - | €0 | €12,032 | €44,207 | - |
| Recurring financial income75 | €8 | €13 | €0 | €0 | €12,032 | €44,207 | - |
| Financial charges65/66B | - | - | - | €7,680 | €6,696 | €4,590 | - |
| Recurring financial charges65 | €10,593 | €10,909 | €9,418 | €7,680 | €6,696 | €4,590 | - |
| Profit (loss) for the period before taxes9903 | €45,046 | €1,440 | €20,584 | €73,230 | €21,758 | €161,841 | - |
| Transfer from deferred taxes780 | - | - | - | €1,572 | €10,406 | - | - |
| Income taxes67/77 | €279 | €2,706 | €7,309 | €22,019 | €19,723 | €43,950 | - |
| Profit (loss) for the period9904 | €37,366 | €1,225 | €15,581 | €52,783 | €12,440 | €117,892 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €7,705 | €51,040 | - | - |
| Profit (loss) for the period to be appropriated9905 | €1,089 | €13,432 | €26,888 | €60,488 | €63,480 | €117,892 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €744,801 | €698,681 | €678,510 | €690,004 | €716,374 | €880,774 | - |
| Fixed assets21/28 | €605,270 | €568,247 | €532,971 | €506,610 | €491,138 | €156,859 | - |
| Tangible fixed assets22/27 | €360,999 | €323,976 | €288,835 | €261,224 | €259,339 | €155,059 | - |
| Land and buildings22 | - | - | - | €258,706 | €259,339 | €155,059 | - |
| Plant, machinery and equipment23 | - | - | - | €2,518 | €0 | - | - |
| Financial fixed assets28 | €244,271 | €244,271 | €244,136 | €245,386 | €231,800 | €1,800 | - |
| Current assets29/58 | €139,531 | €130,434 | €145,538 | €183,394 | €225,235 | €723,915 | - |
| Stocks and contracts in progress3 | €526 | €396 | €567 | €477 | €2,244 | - | - |
| Stocks30/36 | - | - | - | €477 | €2,244 | - | - |
| Amounts receivable within one year40/41 | €122,534 | €123,459 | €139,794 | €176,699 | €203,687 | €406,818 | - |
| Trade receivables40 | - | - | - | €97,993 | €132,342 | €18,658 | - |
| Other amounts receivable41 | - | - | - | €78,706 | €71,345 | €388,160 | - |
| Cash at bank and in hand54/58 | €10,908 | €4,941 | €3,487 | €5,626 | €18,659 | €316,719 | - |
| Deferred charges and accrued income490/1 | - | - | - | €592 | €645 | €379 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €744,801 | €698,681 | €678,510 | €690,004 | €716,374 | €880,774 | - |
| Equity10/15 | €344,833 | €346,057 | €361,638 | €414,421 | €426,862 | €559,909 | - |
| Contributions10/11 | €18,592 | - | - | €18,592 | €18,592 | €18,592 | - |
| Reserves13 | €104,426 | €92,219 | €80,912 | €73,207 | €22,167 | €16,935 | - |
| Non-distributable reserves130/1 | - | - | - | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €71,348 | €20,308 | €15,076 | - |
| Distributable reserves133 | - | - | - | - | €1,859 | €1,859 | - |
| Profit (loss) carried forward14 | €221,814 | €235,246 | €262,134 | €322,622 | €386,103 | €524,382 | - |
| Provisions and deferred taxes16 | €24,445 | €21,954 | €19,648 | €18,076 | €7,670 | - | - |
| Deferred taxes168 | - | - | - | €18,076 | €7,670 | - | - |
| Amounts payable17/49 | €375,524 | €330,670 | €297,224 | €257,507 | €281,842 | €320,865 | - |
| Amounts payable after more than one year17 | €203,277 | €163,432 | €135,814 | €110,667 | €91,156 | €70,540 | - |
| Financial debts170/4 | - | - | - | €110,667 | €91,156 | €70,540 | - |
| Amounts payable within one year42/48 | €172,247 | €167,238 | €161,409 | €146,839 | €190,686 | €113,980 | - |
| Current portion of amounts payable after more than one year42 | - | - | - | €23,367 | €17,731 | - | - |
| Financial debts43 | - | - | - | - | €16,924 | - | - |
| Credit institutions430/8 | - | - | - | - | €16,924 | - | - |
| Trade debts44 | €72,148 | €49,327 | €38,757 | €40,805 | €15,159 | €6,258 | - |
| Suppliers440/4 | - | - | - | €40,805 | €15,159 | €6,258 | - |
| Taxes, remuneration and social security45 | - | - | - | €31,905 | €48,284 | €44,101 | - |
| Taxes450/3 | - | - | - | €31,905 | €24,201 | €44,101 | - |
| Remuneration and social security454/9 | - | - | - | - | €24,084 | - | - |
| Other amounts payable47/48 | - | - | - | €50,762 | €92,587 | €63,621 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €136,345 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,366 | €1,225 | €15,581 | €52,783 | €12,440 | €117,892 | - |
| + Depreciation and write-downs630 | €42,242 | €37,023 | €35,140 | €27,612 | €16,295 | €9,679 | - |
| Operating cash flow (approximation) | €79,609 | €38,247 | €50,722 | €80,394 | €28,736 | €127,571 | - |
| Investment in fixed assets (approximation) | - | €0 | €135 | -€1,250 | -€824 | - | - |
| Change in cash | - | -€5,967 | -€1,454 | €2,138 | €13,034 | - | - |
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, 20,136 companies had the same profile as ARNAUD has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of ARNAUD itself: < 0.1% 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 20,136 companies, not a prediction for ARNAUD. 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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00096050 | |
| 30-09-2023 | full format | 03-10-2024 | 2024-00490673 | |
| 30-09-2022 | full format | 20-12-2022 | 2022-20543045 | |
| 30-09-2021 | full format | 01-03-2022 | 2022-06800470 | |
| 30-09-2020 | full format | 24-03-2021 | 2021-08800418 | |
| 30-09-2019 | full format | 17-03-2020 | 2020-06900250 | |
| 30-09-2018 | full format | 26-03-2019 | 2019-08400241 | |
| 30-09-2017 | full format | 15-03-2018 | 2018-07000184 | |
| 30-09-2016 | full format | 28-03-2017 | 2017-08000345 | |
| 30-09-2015 | full format | 14-03-2016 | 2016-06500157 |