ARNDT Eric
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-09-2026 at the NBB all 28 filings
Turnover
≈ €700,000
Estimated: probably between €500,000 and €1.1m
Total assets
€249,102▲ 12.3%
2024 · €221,882
Net result
€44,393
2024 · -€3,568
Working capital
€4,957▼ 94.6%
2024 · €91,612
In the rankings
#5 oldest company in Hamois, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€64,673
2025
20182025
Net result
€44,393
2025
highest quarter of the sector
20182025
Equity
€70,871
▼ 57.6%
2025
middle half of the sector
20182025
Total assets
€249,102
▲ 12.3%
2025
middle half of the sector
20182025
Debt
€178,231
▲ 225%
2025
20182025
Working capital
€4,957
▼ 94.6%
2025
middle half of the sector
20182025
Solvency
28.5%
▼ 46.8pp
2025
middle half of the sector
20182025
Current ratio
1.03
▼ 2.63
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
17.8%
▲ 19.4pp
2025
middle half of the sector
20182025
Staff (FTE)
2
=
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€19,889-€26,594▲ 33.7%€16,326▼ 38.6%€35,316▲ 116%€32,020▼ 9.3%€66,333▲ 107%-€480€64,673
Net result€13,980-€18,547▲ 32.7%€11,039within the sector's middle half▼ 40.5%€24,961within the sector's middle half▲ 126%€24,266within the sector's middle half▼ 2.8%€44,864above the sector's middle half▲ 84.9%-€3,568below the sector's middle half€44,393above the sector's middle half
Equity€56,950-€72,512▲ 27.3%€80,566within the sector's middle half▲ 11.1%€102,542within the sector's middle half▲ 27.3%€125,682above the sector's middle half▲ 22.6%€170,546above the sector's middle half▲ 35.7%€166,978above the sector's middle half▼ 2.1%€70,871within the sector's middle half▼ 57.6%
Total assets€221,902-€229,585▲ 3.5%€200,064within the sector's middle half▼ 12.9%€198,561within the sector's middle half▼ 0.8%€268,174within the sector's middle half▲ 35.1%€243,517within the sector's middle half▼ 9.2%€221,882within the sector's middle half▼ 8.9%€249,102within the sector's middle half▲ 12.3%
Debt€164,951-€157,072▼ 4.8%€119,498▼ 23.9%€96,019▼ 19.6%€142,491▲ 48.4%€72,971▼ 48.8%€54,904▼ 24.8%€178,231▲ 225%
Working capital€22,256-€55,054▲ 147%€47,821within the sector's middle half▼ 13.1%€59,196within the sector's middle half▲ 23.8%€49,387within the sector's middle half▼ 16.6%€102,402above the sector's middle half▲ 107%€91,612above the sector's middle half▼ 10.5%€4,957within the sector's middle half▼ 94.6%
Solvency25.7%-31.6%▲ 5.9pp40.3%within the sector's middle half▲ 8.7pp51.6%within the sector's middle half▲ 11.4pp46.9%within the sector's middle half▼ 4.8pp70.0%above the sector's middle half▲ 23.2pp75.3%above the sector's middle half▲ 5.2pp28.5%within the sector's middle half▼ 46.8pp
Current ratio1.42-2.16▲ 0.742.12within the sector's middle half▼ 0.042.41within the sector's middle half▲ 0.291.60within the sector's middle half▼ 0.813.66above the sector's middle half▲ 2.063.66above the sector's middle half=1.03below the sector's middle half▼ 2.63
Return on assets (ROA)6.3%-8.1%▲ 1.8pp5.5%within the sector's middle half▼ 2.6pp12.6%within the sector's middle half▲ 7.1pp9.0%within the sector's middle half▼ 3.5pp18.4%within the sector's middle half▲ 9.4pp-1.6%below the sector's middle half▼ 20.0pp17.8%within the sector's middle half▲ 19.4pp
Staff (FTE)3-2▼ 33.3%2within the sector's middle half=2=2=2=2=2=
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). 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 a profit of €64,673, after a loss of €480 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €249,102
Fixed assets
€74,299 ▼ 22.5%
Current assets
€174,804 ▲ 38.7%
Equity and liabilities €249,102
Equity
€70,871 ▼ 57.6%
Debt
€178,231 ▲ 225%
Debt's share of the balance-sheet total rises from 24.7% to 71.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€84,241▲
2024 · €23,814
Cash flow
€63,961▲
2024 · €20,727
Quick ratio
1.01▼
2024 · 3.55
Debt to equity
2.51▲
2024 · 0.33
ROE
62.6%▲
2024 · -2.1%
Interest coverage
38.49▲
2024 · 8.13
Debt ≤ 1 year
€169,847▲
2024 · €34,434
Debt > 1 year
€6,134▼
2024 · €20,470
Income taxes
€18,092▲
2024 · €159
Staff costs
€122,438▲
2024 · €117,355
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 | 2 |
| full-time | 2 | 2 | 2 | 2 | 2 |
| in full-time equivalents | 2 | 2 | 2 | 2 | 2 |
| Average over the year, in full-time equivalents | 2 | 2 | 2 | 2 | 2 |
| On a permanent contract | 2 | 2 | 2 | 2 | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,390 | €72,373 | €4,249 | €17,563 | €6,716 |
| Financial fixed assets | - | €135 | - | - | - |
| Depreciation and write-downs of the year | €25,555 | €33,418 | €38,160 | €24,295 | €19,568 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €98,672 | €104,243 | €112,276 | €117,355 | €122,438 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,853 | €50,779 | €27,298 | €25,555 | €33,418 | €38,160 | €24,295 | €19,568 | ▼ 19.5% |
| Other operating charges640/8 | - | - | - | €4,839 | €7,927 | €5,454 | €5,215 | €5,511 | ▲ 5.7% |
| Gross operating margin9900 | €160,906 | €194,150 | €138,385 | €164,383 | €177,608 | €222,222 | €146,384 | €212,190 | ▲ 45.0% |
| Operating profit (loss)9901 | €19,889 | €26,594 | €16,326 | €35,316 | €32,020 | €66,333 | -€480 | €64,673 | - |
| Financial income75/76B | - | - | - | €2,996 | €1,390 | €1 | - | €1 | - |
| Recurring financial income75 | €477 | €669 | €3,427 | €2,996 | €1,390 | €1 | - | €1 | - |
| Financial charges65/66B | - | - | - | €3,265 | €4,252 | €3,598 | €2,929 | €2,188 | ▼ 25.3% |
| Recurring financial charges65 | €5,271 | €4,989 | €4,114 | €3,265 | €4,252 | €3,598 | €2,929 | €2,188 | ▼ 25.3% |
| Profit (loss) for the period before taxes9903 | €15,094 | €22,274 | €15,639 | €35,047 | €29,157 | €62,736 | -€3,410 | €62,485 | - |
| Income taxes67/77 | €1,114 | €3,727 | €4,601 | €10,085 | €4,891 | €17,872 | €159 | €18,092 | ▲ 114× |
| Profit (loss) for the period9904 | €13,980 | €18,547 | €11,039 | €24,961 | €24,266 | €44,864 | -€3,568 | €44,393 | - |
| Profit (loss) for the period to be appropriated9905 | €13,980 | €18,547 | €11,039 | €24,961 | €24,266 | €44,864 | -€3,568 | €44,393 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €221,902 | €229,585 | €200,064 | €198,561 | €268,174 | €243,517 | €221,882 | €249,102 | ▲ 12.3% |
| Fixed assets21/28 | €146,752 | €126,973 | €109,553 | €97,388 | €136,478 | €102,567 | €95,836 | €74,299 | ▼ 22.5% |
| Tangible fixed assets22/27 | €144,056 | €124,277 | €107,154 | €94,990 | €133,944 | €100,034 | €93,302 | €71,765 | ▼ 23.1% |
| Land and buildings22 | - | - | - | €45,380 | €42,371 | €39,362 | €48,256 | €44,242 | ▼ 8.3% |
| Plant, machinery and equipment23 | - | - | - | €26,239 | €18,348 | €13,033 | €14,079 | €15,891 | ▲ 12.9% |
| Furniture and vehicles24 | - | - | - | €23,370 | €73,225 | €47,638 | €30,967 | €11,632 | ▼ 62.4% |
| Financial fixed assets28 | €2,696 | €2,696 | €2,399 | €2,399 | €2,534 | €2,534 | €2,534 | €2,534 | = |
| Current assets29/58 | €75,150 | €102,612 | €90,512 | €101,173 | €131,696 | €140,950 | €126,046 | €174,804 | ▲ 38.7% |
| Stocks and contracts in progress3 | €1,335 | €635 | €4,623 | €3,673 | €6,607 | €37,741 | €3,721 | €3,245 | ▼ 12.8% |
| Stocks30/36 | - | - | - | €3,673 | €6,607 | €5,241 | €3,721 | €3,245 | ▼ 12.8% |
| Contracts in progress37 | - | - | - | - | - | €32,500 | - | - | - |
| Amounts receivable within one year40/41 | €33,289 | €21,671 | €6,705 | €264 | €32,000 | €5,632 | €2,391 | €15,099 | ▲ 531% |
| Trade receivables40 | - | - | - | - | €28,007 | - | €2,149 | €15,000 | ▲ 598% |
| Other amounts receivable41 | - | - | - | €264 | €3,993 | €5,632 | €242 | €99 | ▼ 59.0% |
| Cash at bank and in hand54/58 | €39,824 | €79,750 | €73,271 | €89,185 | €64,901 | €73,159 | €98,908 | €142,351 | ▲ 43.9% |
| Deferred charges and accrued income490/1 | - | - | - | €8,051 | €28,188 | €24,418 | €21,026 | €14,108 | ▼ 32.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €221,902 | €229,585 | €200,064 | €198,561 | €268,174 | €243,517 | €221,882 | €249,102 | ▲ 12.3% |
| Equity10/15 | €56,950 | €72,512 | €80,566 | €102,542 | €125,682 | €170,546 | €166,978 | €70,871 | ▼ 57.6% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €64,451 | ▲ 247% |
| Reserves13 | €1,859 | €1,859 | €12,859 | €37,359 | €59,359 | €102,359 | €102,359 | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | - | €35,500 | €57,500 | €102,359 | €102,359 | - | - |
| Profit (loss) carried forward14 | €26,418 | €44,965 | €45,003 | €45,465 | €47,731 | €49,595 | €46,027 | €6,420 | ▼ 86.1% |
| Investment grants15 | - | - | - | €1,126 | - | - | - | - | - |
| Amounts payable17/49 | €164,951 | €157,072 | €119,498 | €96,019 | €142,491 | €72,971 | €54,904 | €178,231 | ▲ 225% |
| Amounts payable after more than one year17 | €106,857 | €104,314 | €76,720 | €53,741 | €59,882 | €34,334 | €20,470 | €6,134 | ▼ 70.0% |
| Financial debts170/4 | - | - | - | €53,741 | €59,882 | €34,334 | €20,470 | €6,134 | ▼ 70.0% |
| Amounts payable within one year42/48 | €52,894 | €47,558 | €42,691 | €41,977 | €82,310 | €38,548 | €34,434 | €169,847 | ▲ 393% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22,979 | €28,336 | €25,548 | €13,864 | €14,336 | ▲ 3.4% |
| Trade debts44 | €19,789 | €8,325 | €5,362 | €6,244 | €36,044 | €5,755 | €13,722 | €1,301 | ▼ 90.5% |
| Suppliers440/4 | - | - | - | €6,244 | €36,044 | €5,755 | €13,722 | €1,301 | ▼ 90.5% |
| Taxes, remuneration and social security45 | - | - | - | €11,837 | €16,654 | €6,025 | €6,849 | €37,883 | ▲ 453% |
| Taxes450/3 | - | - | - | €9,835 | €10,092 | €3,908 | €1,648 | €35,330 | ▲ 21× |
| Remuneration and social security454/9 | - | - | - | €2,003 | €6,561 | €2,116 | €5,200 | €2,553 | ▼ 50.9% |
| Other amounts payable47/48 | - | - | - | €917 | €1,276 | €1,220 | - | €116,328 | - |
| Accrued charges and deferred income492/3 | - | - | - | €300 | €300 | €90 | - | €2,250 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,980 | €18,547 | €11,039 | €24,961 | €24,266 | €44,864 | -€3,568 | €44,393 | - |
| + Depreciation and write-downs630 | €45,853 | €50,779 | €27,298 | €25,555 | €33,418 | €38,160 | €24,295 | €19,568 | ▼ 19.5% |
| Operating cash flow (approximation) | €59,833 | €69,326 | €38,337 | €50,516 | €57,684 | €83,024 | €20,727 | €63,961 | ▲ 209% |
| Investment in fixed assets (approximation) | - | -€31,000 | -€9,879 | -€13,390 | -€72,508 | -€4,249 | -€17,563 | €1,969 | - |
| Change in cash | - | €39,926 | -€6,479 | €15,914 | -€24,284 | €8,258 | €25,749 | €43,444 | ▲ 68.7% |
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, 3,818 companies had the same profile as ARNDT Eric has now. Two years later, 95.1% were still going and 1.0% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.1%
was still going
3.7%
stopped otherwise
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARNDT Eric itself: 0.5% 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 3,818 companies, not a prediction for ARNDT Eric. 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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00533202 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00194217 | |
| 31-12-2023 | micro format | 29-06-2024 | 2024-00183264 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00155709 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20105270 | |
| 31-12-2020 | micro format | 27-07-2021 | 2021-40500454 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-68800024 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-62000546 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-52500046 | |
| 31-12-2016 | micro format | 25-08-2017 | 2017-48500470 |