ARNAUDSKI CONSTRUCTION
ActiveSummary
ARNAUDSKI CONSTRUCTION has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76,885 and a net result of -€29,412. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 19% of 36370 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability11▼-65
Solvency42▼-6
Growth47▼-16
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.43 against 1.79 in 2023; short-term debt: 42.5% and cash: 0% of total assets), and 83.3% of the assets are financed with debt.
Credit check for your own amount and term
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
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 →
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 2024Solvency, return and age of the figures
Solvency
16.7%
Return on assets
-6.4%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36370 sector peers (2024).
NBB · sector comparisonPosition among 36370 sector peers
Solvency
better than 19%
← 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 13-11-2025, 105 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
105 d late
2023
239 d late
2022
71 d late
2021
87 d late
2020
60 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 110 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 (1)
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 trust this company with building work?Contractor check 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
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€298,007▼ 8.1%
2019 · €324,421
EBIT margin
-2.7%▼ 10.4pp
2019 · 7.6%
Net result
-€29,412
2023 · €37,534
Working capital
€85,278▼ 25.9%
2023 · €115,123
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€298,007▼ 8.1%
Operating result-€8,143-€5,218▲ 35.9%€107,345€69,932▼ 34.9%-€20,237
Net result-€29,633below the sector's middle half-€22,897below the sector's middle half▲ 22.7%€73,542above the sector's middle half€37,534above the sector's middle half▼ 49.0%-€29,412below the sector's middle half
EBIT margin-2.7%▼ 10.4pp
Equity€18,119below the sector's middle half▼ 62.1%-€4,779below the sector's middle half€68,764within the sector's middle half€106,297within the sector's middle half▲ 54.6%€76,885within the sector's middle half▼ 27.7%
Total assets€425,309within the sector's middle half▲ 4.9%€318,758above the sector's middle half▼ 25.1%€349,800above the sector's middle half▲ 9.7%€454,200above the sector's middle half▲ 29.8%€461,769above the sector's middle half▲ 1.7%
Debt€407,190▲ 13.8%€323,537▼ 20.5%€281,036▼ 13.1%€347,903▲ 23.8%€384,884▲ 10.6%
Working capital€67,454within the sector's middle half▼ 34.8%-€7,782below the sector's middle half€72,590within the sector's middle half€115,123above the sector's middle half▲ 58.6%€85,278within the sector's middle half▼ 25.9%
Solvency4.3%below the sector's middle half▼ 7.5pp-1.5%below the sector's middle half▼ 5.8pp19.7%below the sector's middle half▲ 21.2pp23.4%within the sector's middle half▲ 3.7pp16.7%below the sector's middle half▼ 6.8pp
Current ratio1.40within the sector's middle half▼ 0.650.92below the sector's middle half▼ 0.482.10within the sector's middle half▲ 1.181.79within the sector's middle half▼ 0.311.43within the sector's middle half▼ 0.36
Return on assets (ROA)-7.0%below the sector's middle half▼ 9.5pp-7.2%below the sector's middle half▼ 0.2pp21.0%above the sector's middle half▲ 28.2pp8.3%within the sector's middle half▼ 12.8pp-6.4%below the sector's middle half▼ 14.6pp
Staff (FTE)0.1below the sector's middle half▼ 80.0%1.3▲ 1,200%1▼ 23.1%1=0.5▼ 50.0%
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €20,237 after €69,932 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €461,769
Fixed assets
€180,270 ▼ 7.2%
Current assets
€281,498 ▲ 8.3%
Equity and liabilities €461,769
Equity
€76,885 ▼ 27.7%
Debt
€384,884 ▲ 10.6%
Debt's share of the balance-sheet total rises from 76.6% to 83.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€667▼
2023 · €88,963
Cash flow
-€8,509▼
2023 · €56,565
Debt to equity
5.01▲
2023 · 3.27
ROE
-38.3%▼
2023 · 35.3%
Interest coverage
0.05▼
2023 · 5.61
Debt ≤ 1 year
€196,220▲
2023 · €144,863
Debt > 1 year
€188,664▼
2023 · €202,232
Income taxes
€164▼
2023 · €17,637
Staff costs
€4,542▼
2023 · €7,594
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,165 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.6%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 2,165 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €298,007 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €4,522 | €5,168 | €7,594 | €4,542 | ▼ 40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,491 | €19,528 | €19,241 | €19,031 | €20,904 | ▲ 9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,633 | -€5,633 | ▼ 200% |
| Other operating charges640/8 | - | €8,722 | €4,751 | €6,891 | €4,537 | ▼ 34.2% |
| Non-recurring operating charges66A | - | €258 | €9,015 | - | - | - |
| Gross operating margin9900 | €17,488 | €27,812 | €145,520 | €109,082 | €4,113 | ▼ 96.2% |
| Operating profit (loss)9901 | -€8,143 | -€5,218 | €107,345 | €69,932 | -€20,237 | ▼ 129% |
| Financial income75/76B | - | €1,380 | €1,733 | €1,106 | €5,035 | ▲ 355% |
| Recurring financial income75 | - | €1,380 | €1,733 | €1,106 | €5,035 | ▲ 355% |
| Financial charges65/66B | - | €18,756 | €15,082 | €15,868 | €14,046 | ▼ 11.5% |
| Recurring financial charges65 | €15,084 | €18,656 | €15,082 | €15,868 | €14,046 | ▼ 11.5% |
| Non-recurring financial charges66B | - | €100 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€23,327 | -€22,595 | €93,996 | €55,170 | -€29,248 | ▼ 153% |
| Income taxes67/77 | €6,306 | €303 | €20,454 | €17,637 | €164 | ▼ 99.1% |
| Profit (loss) for the period9904 | -€29,633 | -€22,897 | €73,542 | €37,534 | -€29,412 | ▼ 178% |
| Profit (loss) for the period to be appropriated9905 | -€29,633 | -€22,897 | €73,542 | €37,534 | -€29,412 | ▼ 178% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €425,309 | €318,758 | €349,800 | €454,200 | €461,769 | ▲ 1.7% |
| Fixed assets21/28 | €190,156 | €230,627 | €211,386 | €194,215 | €180,270 | ▼ 7.2% |
| Tangible fixed assets22/27 | €188,194 | €228,665 | €209,424 | €192,253 | €178,308 | ▼ 7.3% |
| Land and buildings22 | - | €173,399 | €161,011 | €148,623 | €136,236 | ▼ 8.3% |
| Plant, machinery and equipment23 | - | €54,826 | €48,413 | €42,000 | €36,000 | ▼ 14.3% |
| Furniture and vehicles24 | - | - | - | €1,629 | €6,073 | ▲ 273% |
| Other tangible fixed assets26 | - | €440 | - | - | - | - |
| Financial fixed assets28 | €1,962 | €1,962 | €1,962 | €1,962 | €1,962 | = |
| Current assets29/58 | €235,153 | €88,131 | €138,414 | €259,986 | €281,498 | ▲ 8.3% |
| Amounts receivable after more than one year29 | - | €63,701 | €69,595 | €71,327 | - | - |
| Trade receivables290 | - | €63,701 | €69,595 | €71,327 | - | - |
| Amounts receivable within one year40/41 | €227,064 | €23,273 | €62,321 | €183,860 | €278,707 | ▲ 51.6% |
| Trade receivables40 | - | €10,850 | €37,912 | €165,758 | €178,115 | ▲ 7.5% |
| Other amounts receivable41 | - | €12,423 | €24,410 | €18,102 | €100,592 | ▲ 456% |
| Cash at bank and in hand54/58 | €8,089 | €338 | €3,504 | €2,206 | €44 | ▼ 98.0% |
| Deferred charges and accrued income490/1 | - | €819 | €2,994 | €2,592 | €2,748 | ▲ 6.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €425,309 | €318,758 | €349,800 | €454,200 | €461,769 | ▲ 1.7% |
| Equity10/15 | €18,119 | -€4,779 | €68,764 | €106,297 | €76,885 | ▼ 27.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€2,341 | -€25,239 | €48,304 | €85,837 | €56,425 | ▼ 34.3% |
| Amounts payable17/49 | €407,190 | €323,537 | €281,036 | €347,903 | €384,884 | ▲ 10.6% |
| Amounts payable after more than one year17 | €239,491 | €227,624 | €215,213 | €202,232 | €188,664 | ▼ 6.7% |
| Financial debts170/4 | - | €227,624 | €215,213 | €202,232 | €188,664 | ▼ 6.7% |
| Amounts payable within one year42/48 | €167,699 | €95,913 | €65,823 | €144,863 | €196,220 | ▲ 35.5% |
| Current portion of amounts payable after more than one year42 | - | €11,867 | €12,411 | €12,981 | €13,568 | ▲ 4.5% |
| Financial debts43 | - | €18,800 | €19,953 | €9,187 | €50,383 | ▲ 448% |
| Credit institutions430/8 | - | €18,800 | €19,953 | €9,187 | €50,383 | ▲ 448% |
| Trade debts44 | €128,936 | €62,510 | €4,600 | €74,872 | €105,251 | ▲ 40.6% |
| Suppliers440/4 | - | €62,510 | €4,600 | €74,872 | €105,251 | ▲ 40.6% |
| Advances received on contracts in progress46 | - | - | - | €5,450 | €5,000 | ▼ 8.3% |
| Taxes, remuneration and social security45 | - | €2,736 | €28,859 | €38,623 | €18,268 | ▼ 52.7% |
| Taxes450/3 | - | €2,362 | €25,826 | €38,140 | €17,933 | ▼ 53.0% |
| Remuneration and social security454/9 | - | €374 | €3,033 | €483 | €335 | ▼ 30.5% |
| Other amounts payable47/48 | - | - | - | €3,750 | €3,750 | = |
| Accrued charges and deferred income492/3 | - | - | - | €808 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,633 | -€22,897 | €73,542 | €37,534 | -€29,412 | ▼ 178% |
| + Depreciation and write-downs630 | €15,491 | €19,528 | €19,241 | €19,031 | €20,904 | ▲ 9.8% |
| Operating cash flow (approximation) | -€14,143 | -€3,369 | €92,783 | €56,565 | -€8,509 | ▼ 115% |
| Investment in fixed assets (approximation) | - | -€60,000 | €0 | -€1,860 | -€6,959 | ▼ 274% |
| Change in cash | - | -€7,751 | €3,165 | -€1,297 | -€2,163 | ▼ 66.7% |
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
2025
13-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 105 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 239 days late
2023
31-12
Financial
Equity above €100,000Eq €106,297 ▲54.6%
2 profitable years in a row build equity to €106,297.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-12
Financial
Back to profitnet €73,542
Net result €73,542 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.10
Current ratio from 0.92 to 2.10; short-term debt falls from €95,913 to €65,823.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 60 days late
2020
31-12
Financial
Weakest financial yearnet -€29,633
Net result drops to -€29,633, the lowest in the series; recovery starts the following year.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 98 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 2.05
Current ratio from 0.81 to 2.05; short-term debt falls from €148,331 to €98,102.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
Show earlier events
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2009
Ground area
301 m²
Building footprint
140 m²
Volume, LiDAR
1,026 m³
2 parcels, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Braquet 37, 6061 Charleroi
since 20092.182.558.990
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52049C0700/00T003 | Wallonia | 163 m² | 1 · 95 m² | 8.0 m · 2 fl. |
| 52049C0288/00G000 | Wallonia | 138 m² | 1 · 45 m² | 10.2 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
HOUTCONSTRUCTIES HERMANS
BE 0790.563.757
Zutendaal · Eq €76,913
UGB CONSTRUCT
BE 0739.660.137
Lasne · Eq €76,919
JW Building
BE 1010.218.772
Oudsbergen · Eq €76,951
GL BATI
BE 0536.665.168
Courcelles · Eq €76,798
FERMON ANDRE
BE 0424.630.168
Haaltert · Eq €77,032
Of 11,128 companies in this sector we hold annual accounts for 5,494. 4,805 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded09-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0819466985
Also
9925:BE0819466985
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.