ARNOULD
ActiveSummary
ARNOULD has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €154,481 and a net result of -€43,984. Equity is shrinking by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-75
Solvency90▲+4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.79 against 1.92 in 2023; short-term debt: 34.3% and cash: 21% of total assets), and 34.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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 · 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
65.5%
Return on assets
-18.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
not confirmed
2024
27 d late
2023
61 d late
2022
29 d late
2021
61 d late
2020
31 d late
2019
27 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 39 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
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Financials · fiscal year 2024, micro schema
Equity
€154,481▼ 22.2%
2023 · €198,464
Total assets
€235,864▼ 28.1%
2023 · €327,850
Net result
-€43,984
2023 · €16,553
Working capital
€145,350▲ 21.6%
2023 · €119,568
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€10,573▲ 23.5%-€130,154€13,240€18,776▲ 41.8%-€41,334
Net result€5,193within the sector's middle half▲ 1,218%-€137,427below the sector's middle half€5,555within the sector's middle half€16,553within the sector's middle half▲ 198%-€43,984below the sector's middle half
Equity€313,784above the sector's middle half▲ 1.7%€176,356above the sector's middle half▼ 43.8%€181,911above the sector's middle half▲ 3.1%€198,464above the sector's middle half▲ 9.1%€154,481above the sector's middle half▼ 22.2%
Total assets€405,646above the sector's middle half▲ 1.5%€328,567above the sector's middle half▼ 19.0%€302,703above the sector's middle half▼ 7.9%€327,850above the sector's middle half▲ 8.3%€235,864within the sector's middle half▼ 28.1%
Debt€91,862▲ 1.1%€152,211▲ 65.7%€120,792▼ 20.6%€129,386▲ 7.1%€81,383▼ 37.1%
Working capital€247,932▲ 2.7%€99,342▼ 59.9%€97,752▼ 1.6%€119,568▲ 22.3%€145,350▲ 21.6%
Solvency77.4%above the sector's middle half▲ 0.1pp53.7%within the sector's middle half▼ 23.7pp60.1%within the sector's middle half▲ 6.4pp60.5%within the sector's middle half▲ 0.4pp65.5%within the sector's middle half▲ 5.0pp
Staff (FTE)5.8above the sector's middle half▼ 17.1%4.8▼ 17.2%3.1▼ 35.4%3.1=2.3▼ 25.8%
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €41,334 after €18,776 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €235,864
Fixed assets
€9,505 ▼ 88.0%
Current assets
€226,359 ▼ 9.1%
Equity and liabilities €235,864
Equity
€154,481 ▼ 22.2%
Debt
€81,383 ▼ 37.1%
Debt's share of the balance-sheet total falls from 39.5% to 34.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€36,294▼
2023 · €24,038
Cash flow
-€38,944▼
2023 · €21,815
Current ratio
2.79▲
2023 · 1.92
Quick ratio
2.38▲
2023 · 1.47
Debt to equity
0.53▼
2023 · 0.65
ROE
-28.5%▼
2023 · 8.3%
ROA
-18.6%▼
2023 · 5.0%
Interest coverage
-10.57▼
2023 · 9.82
Debt ≤ 1 year
€81,008▼
2023 · €129,386
Staff costs
€78,767▼
2023 · €161,080
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 5,827 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €414 | €1,911 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €112,927 | €132,585 | €161,080 | €78,767 | ▼ 51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,247 | €1,932 | €4,961 | €5,262 | €5,040 | ▼ 4.2% |
| Other operating charges640/8 | - | €63,130 | €883 | €841 | €22,907 | ▲ 2,623% |
| Gross operating margin9900 | €163,703 | €47,835 | €151,669 | €185,959 | €65,380 | ▼ 64.8% |
| Operating profit (loss)9901 | €10,573 | -€130,154 | €13,240 | €18,776 | -€41,334 | ▼ 320% |
| Financial income75/76B | - | €1,728 | €1,142 | €225 | €784 | ▲ 248% |
| Recurring financial income75 | €2,649 | €1,728 | €1,142 | €225 | €784 | ▲ 248% |
| Financial charges65/66B | - | €9,002 | €8,827 | €2,448 | €3,434 | ▲ 40.3% |
| Recurring financial charges65 | €8,029 | €9,002 | €8,827 | €2,448 | €3,434 | ▲ 40.3% |
| Profit (loss) for the period before taxes9903 | €5,193 | -€137,427 | €5,555 | €16,553 | -€43,984 | ▼ 366% |
| Profit (loss) for the period9904 | €5,193 | -€137,427 | €5,555 | €16,553 | -€43,984 | ▼ 366% |
| Profit (loss) for the period to be appropriated9905 | €5,193 | -€137,427 | €5,555 | €16,553 | -€43,984 | ▼ 366% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €405,646 | €328,567 | €302,703 | €327,850 | €235,864 | ▼ 28.1% |
| Fixed assets21/28 | €65,851 | €85,769 | €84,159 | €78,897 | €9,505 | ▼ 88.0% |
| Tangible fixed assets22/27 | €65,716 | €85,634 | €84,024 | €78,762 | €9,370 | ▼ 88.1% |
| Land and buildings22 | - | €64,351 | €64,351 | €64,351 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €1,602 | €2,571 | €1,809 | €1,269 | ▼ 29.9% |
| Furniture and vehicles24 | - | €19,681 | €17,102 | €12,602 | €8,102 | ▼ 35.7% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €339,795 | €242,798 | €218,544 | €248,953 | €226,359 | ▼ 9.1% |
| Amounts receivable after more than one year29 | - | €70,000 | €0 | - | - | - |
| Other amounts receivable291 | - | €70,000 | €0 | - | - | - |
| Stocks and contracts in progress3 | €57,622 | €37,658 | €37,911 | €58,357 | €33,593 | ▼ 42.4% |
| Stocks30/36 | - | €37,658 | €37,911 | €58,357 | €33,593 | ▼ 42.4% |
| Amounts receivable within one year40/41 | €282,173 | €133,740 | €140,889 | €156,939 | €141,882 | ▼ 9.6% |
| Trade receivables40 | - | €125,715 | €125,695 | €146,377 | €110,341 | ▼ 24.6% |
| Other amounts receivable41 | - | €8,025 | €15,195 | €10,562 | €31,540 | ▲ 199% |
| Cash at bank and in hand54/58 | - | - | €39,743 | €32,275 | €49,612 | ▲ 53.7% |
| Deferred charges and accrued income490/1 | - | €1,400 | €0 | €1,382 | €1,273 | ▼ 7.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €405,646 | €328,567 | €302,703 | €327,850 | €235,864 | ▼ 28.1% |
| Equity10/15 | €313,784 | €176,356 | €181,911 | €198,464 | €154,481 | ▼ 22.2% |
| Contributions10/11 | - | €154,933 | €154,933 | €154,933 | €154,933 | = |
| Reserves13 | €15,493 | €15,493 | €15,493 | €15,493 | €15,493 | = |
| Non-distributable reserves130/1 | - | €15,493 | €15,493 | €15,493 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €15,493 | €15,493 | €15,493 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | €15,493 | - |
| Profit (loss) carried forward14 | €143,357 | €5,929 | €11,484 | €28,038 | -€15,946 | ▼ 157% |
| Amounts payable17/49 | €91,862 | €152,211 | €120,792 | €129,386 | €81,383 | ▼ 37.1% |
| Amounts payable after more than one year17 | - | €8,755 | €0 | - | - | - |
| Financial debts170/4 | - | €8,755 | €0 | - | - | - |
| Amounts payable within one year42/48 | €91,862 | €143,456 | €120,792 | €129,386 | €81,008 | ▼ 37.4% |
| Current portion of amounts payable after more than one year42 | - | €10,300 | €8,755 | €0 | - | - |
| Financial debts43 | - | €75,457 | €0 | - | - | - |
| Credit institutions430/8 | - | €75,457 | €0 | - | - | - |
| Trade debts44 | €37,293 | €28,296 | €32,309 | €64,478 | €53,185 | ▼ 17.5% |
| Suppliers440/4 | - | €28,296 | €32,309 | €64,478 | €53,185 | ▼ 17.5% |
| Advances received on contracts in progress46 | - | €23,721 | €23,721 | €23,721 | €20,000 | ▼ 15.7% |
| Taxes, remuneration and social security45 | - | €2,602 | €5,901 | €7,044 | €7,824 | ▲ 11.1% |
| Taxes450/3 | - | €0 | €43 | €1,192 | €102 | ▼ 91.4% |
| Remuneration and social security454/9 | - | €2,602 | €5,858 | €5,852 | €7,722 | ▲ 31.9% |
| Other amounts payable47/48 | - | €3,079 | €50,106 | €34,143 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €375 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,193 | -€137,427 | €5,555 | €16,553 | -€43,984 | ▼ 366% |
| + Depreciation and write-downs630 | €1,247 | €1,932 | €4,961 | €5,262 | €5,040 | ▼ 4.2% |
| Operating cash flow (approximation) | €6,441 | -€135,495 | €10,516 | €21,815 | -€38,944 | ▼ 279% |
| Investment in fixed assets (approximation) | - | -€21,850 | -€3,351 | €0 | €64,351 | - |
| Change in cash | - | - | - | -€7,468 | €17,336 | ▲ 332% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €16,553 ▲198%
Operating result €18,776, net result €16,553, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €5,555
Net result €5,555 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet -€137,427
Net result drops to -€137,427, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Namur · 1 establishment unit since 1992
Ground area
1,524 m²
Building footprint
213 m²
Volume, LiDAR
1,285 m³
Parcel 92043B0459/00F000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Camille Charlier(FW) 14, 5020 Namur
since 19922.056.859.066
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92043B0459/00F000 | Wallonia | 1,524 m² | 1 · 213 m² | 8.4 m · 2 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.
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,667. 4,895 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
Founded16-03-1990
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440377723
Also
9925:BE0440377723
Registered
21-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.