ARNIVO
ActiveSummary
ARNIVO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-111k) and a net result of €-8k. Equity is shrinking by ~53.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▲+20
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 0.9 in 2024; short-term debt: 96.6% and cash: 80% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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 2025Solvency, return and age of the figures
Solvency
-70%
Return on assets
-4.9%
Age of the figures
9 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-111k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
27 d late
2023
27 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-111k▼ 7.5%
2024 · €-103k
2018: €54khighest in 8 years
2019: €36k▼ -32.8% vs 2018
2020: €-14k▼ -138% vs 2019
2021: €-31k▼ -127% vs 2020
2022: €-24k▲ +22.3% vs 2021
2023: €-75k▼ -210% vs 2022
2024: €-103k▼ -38.2% vs 2023
2025: €-111k▼ -7.5% vs 2024lowest in 8 years
2018 → 2025
Total assets
€159k▼ 1.4%
2024 · €161k
2018: €302khighest in 8 years
2019: €266k▼ -12.0% vs 2018
2020: €225k▼ -15.6% vs 2019
2021: €211k▼ -6.1% vs 2020
2022: €209k▼ -1.0% vs 2021
2023: €175k▼ -16.3% vs 2022
2024: €161k▼ -7.7% vs 2023
2025: €159k▼ -1.4% vs 2024lowest in 8 years
2018 → 2025
Net result
€-8k▲ 72.7%
2024 · €-29k
2018: €602
2019: €-18k▼ -3020% vs 2018
2020: €-50k▼ -182% vs 2019
2021: €-17k▲ +65.0% vs 2020
2022: €7k▲ +140% vs 2021highest in 8 years
2023: €-51k▼ -835% vs 2022lowest in 8 years
2024: €-29k▲ +43.6% vs 2023
2025: €-8k▲ +72.7% vs 2024
2018 → 2025
Working capital
€-9k▲ 45.1%
2024 · €-16k
2018: €-12k
2019: €4k▲ +132% vs 2018
2020: €3k▼ -36.3% vs 2019
2021: €31k▲ +1125% vs 2020
2022: €46k▲ +50.3% vs 2021highest in 8 years
2023: €-6k▼ -113% vs 2022
2024: €-16k▼ -164% vs 2023lowest in 8 years
2025: €-9k▲ +45.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-31k-€-24k▲ 22.3%€-75k▼ 210%€-103k▼ 38.2%€-111k▼ 7.5%
2021: €-31k
2022: €-24k▲ +22.3% vs 2021highest in 5 years
2023: €-75k▼ -210% vs 2022
2024: €-103k▼ -38.2% vs 2023
2025: €-111k▼ -7.5% vs 2024lowest in 5 years
Operating result€-6k-€18k€-41k€-15k▲ 62.7%€4k
2021: €-6k
2022: €18k▲ +389% vs 2021highest in 5 years
2023: €-41k▼ -335% vs 2022lowest in 5 years
2024: €-15k▲ +62.7% vs 2023
2025: €4k▲ +127% vs 2024
Net result€-17k-€7k€-51k€-29k▲ 43.6%€-8k▲ 72.7%
2021: €-17k
2022: €7k▲ +140% vs 2021highest in 5 years
2023: €-51k▼ -835% vs 2022lowest in 5 years
2024: €-29k▲ +43.6% vs 2023
2025: €-8k▲ +72.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €15k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159k
Fixed assets
€14k ▼ 25.2%
Current assets
€145k ▲ 1.8%
Key figures and ratios
EBITDA
€11k▲
2024 · €-8k
Cash flow
€-743▲
2024 · €-21k
Solvency
-70.0%▼
2024 · -64.2%
Current ratio
0.94▲
2024 · 0.90
Debt to equity
-2.43▲
2024 · -2.56
ROA
-4.9%▲
2024 · -17.7%
Interest coverage
0.90▲
2024 · -0.60
Debt
€270k▲
2024 · €265k
Debt ≤ 1 year
€154k▼
2024 · €158k
Income taxes
€401▲
2024 · €386
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€161k€159k▼
Fixed assets21/28€19k€14k▼
Tangible fixed assets22/27€19k€14k▼
Furniture and vehicles24€8k€5k▼
Other tangible fixed assets26€11k€10k▼
Current assets29/58€142k€145k▲
Amounts receivable within one year40/41€13k€16k▲
Trade receivables40€2k€3k▲
Other amounts receivable41€11k€13k▲
Cash at bank and in hand54/58€127k€127k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€161k€159k▼
Equity10/15€-103k€-111k▼
Contributions10/11€6k€6k=
Reserves13€21k€21k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€-131k€-138k▼
Amounts payable17/49€265k€270k▲
Amounts payable within one year42/48€158k€154k▼
Trade debts44€143k€148k▲
Suppliers440/4€143k€148k▲
Taxes, remuneration and social security45€15k€5k▼
Taxes450/3€12k€5k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48-€124
Accrued charges and deferred income492/3€106k€117k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€720
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-6k€14k▲
Operating profit (loss)9901€-15k€4k▲
Financial income75/76B€535€849▲
Recurring financial income75€535€849▲
Financial charges65/66B€13k€12k▼
Recurring financial charges65€13k€12k▼
Profit (loss) for the period before taxes9903€-28k€-7k▲
Income taxes67/77€386€401▲
Profit (loss) for the period9904€-29k€-8k▲
Profit (loss) for the period to be appropriated9905€-29k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-131k€-138k▼
Profit (loss) brought forward from the previous period14P€-102k€-131k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46k | €10k | €10k | €7k | €7k | ▼ 4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1k | - | - | - | €720 | - |
| Other operating charges640/8 | €2k | €2k | €4k | €2k | €2k | ▲ 4.0% |
| Gross operating margin9900 | €43k | €30k | €-27k | €-6k | €14k | ▲ 335% |
| Operating profit (loss)9901 | €-6k | €18k | €-41k | €-15k | €4k | ▲ 127% |
| Financial income75/76B | €246 | €357 | €272 | €535 | €849 | ▲ 58.7% |
| Recurring financial income75 | €246 | €357 | €272 | €535 | €849 | ▲ 58.7% |
| Financial charges65/66B | €11k | €11k | €9k | €13k | €12k | ▼ 6.7% |
| Recurring financial charges65 | €11k | €11k | €9k | €13k | €12k | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €-17k | €7k | €-50k | €-28k | €-7k | ▲ 73.8% |
| Income taxes67/77 | €329 | €341 | €447 | €386 | €401 | ▲ 3.9% |
| Profit (loss) for the period9904 | €-17k | €7k | €-51k | €-29k | €-8k | ▲ 72.7% |
| Profit (loss) for the period to be appropriated9905 | €-17k | €7k | €-51k | €-29k | €-8k | ▲ 72.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211k | €209k | €175k | €161k | €159k | ▼ 1.4% |
| Fixed assets21/28 | €21k | €18k | €27k | €19k | €14k | ▼ 25.2% |
| Tangible fixed assets22/27 | €21k | €18k | €27k | €19k | €14k | ▼ 25.2% |
| Furniture and vehicles24 | €14k | €6k | €13k | €8k | €5k | ▼ 38.9% |
| Other tangible fixed assets26 | €8k | €11k | €14k | €11k | €10k | ▼ 15.7% |
| Current assets29/58 | €190k | €191k | €148k | €142k | €145k | ▲ 1.8% |
| Amounts receivable within one year40/41 | €11k | €16k | €16k | €13k | €16k | ▲ 20.1% |
| Trade receivables40 | €3k | €6k | €2k | €2k | €3k | ▲ 49.1% |
| Other amounts receivable41 | €8k | €10k | €14k | €11k | €13k | ▲ 15.7% |
| Cash at bank and in hand54/58 | €178k | €174k | €131k | €127k | €127k | ▼ 0.2% |
| Deferred charges and accrued income490/1 | €656 | €902 | €1k | €1k | €2k | ▲ 17.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211k | €209k | €175k | €161k | €159k | ▼ 1.4% |
| Equity10/15 | €-31k | €-24k | €-75k | €-103k | €-111k | ▼ 7.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €21k | €21k | €21k | €21k | €21k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-58k | €-51k | €-102k | €-131k | €-138k | ▼ 6.0% |
| Amounts payable17/49 | €242k | €233k | €250k | €265k | €270k | ▲ 2.1% |
| Amounts payable after more than one year17 | €4k | - | - | - | - | - |
| Financial debts170/4 | €4k | - | - | - | - | - |
| Amounts payable within one year42/48 | €159k | €145k | €154k | €158k | €154k | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | €6k | €4k | €225 | - | - | - |
| Trade debts44 | €136k | €127k | €143k | €143k | €148k | ▲ 3.5% |
| Suppliers440/4 | €136k | €127k | €143k | €143k | €148k | ▲ 3.5% |
| Taxes, remuneration and social security45 | €17k | €14k | €11k | €15k | €5k | ▼ 66.7% |
| Taxes450/3 | €17k | €14k | €11k | €12k | €5k | ▼ 60.0% |
| Remuneration and social security454/9 | - | - | - | €3k | - | - |
| Other amounts payable47/48 | - | - | - | - | €124 | - |
| Accrued charges and deferred income492/3 | €79k | €88k | €95k | €106k | €117k | ▲ 9.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €7k | €-51k | €-29k | €-8k | ▲ 72.7% |
| + Depreciation and write-downs630 | €46k | €10k | €10k | €7k | €7k | ▼ 4.8% |
| Operating cash flow (approximation) | €28k | €17k | €-40k | €-21k | €-743 | ▲ 96.5% |
| Investment in fixed assets (approximation) | - | €-6k | €-19k | €0 | €-2k | - |
| Change in cash | - | €-3k | €-43k | €-4k | €-271 | ▲ 92.3% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
06-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2014
Ground area
104 m²
Building footprint
77 m²
Volume, LiDAR
550 m³
Parcel 21445C0274/00B003, Brussels · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
César Franckstraat 17, 1050 Elsene
since 20142.237.148.513
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0274/00B003 | Brussels | 104 m² | 1 · 77 m² | 12.7 m · 3 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.
Similar companies · same sector, comparable size
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,323. 5,099 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 (pre-2019)
Founded25-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.