Summary
"ARNTHOR" is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €12k and a net result of €105k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 8048 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-12-2025, 132 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
132 d early
2024
134 d early
2023
36 d early
2022
45 d early
2021
4 d early
2020
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k▲ 84.0%
2024 · €6k
Net result
€105k▲ 8.7%
2024 · €97k
Total assets
€118k▼ 7.6%
2024 · €128k
Solvency
9.8%▲ 4.9pp
2024 · 4.9%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€67k▲ 865%€94k▲ 38.9%€92k▼ 1.6%€130k▲ 41.4%€143k▲ 9.6%
Net result€53k▲ 874%€73k▲ 39.6%€72k▼ 2.2%€97k▲ 34.8%€105k▲ 8.7%
Equity€59k▲ 822%€133k▲ 124%€24k▼ 81.6%€6k▼ 74.1%€12k▲ 84.0%
Total assets€85k▲ 314%€155k▲ 81.8%€80k▼ 48.1%€128k▲ 59.4%€118k▼ 7.6%
Debt€26k▲ 84.8%€22k▼ 14.3%€56k▲ 149%€122k▲ 118%€107k▼ 12.4%
Working capital€23k▲ 291%€101k▲ 346%€-3k€988€1k▲ 29.3%
Solvency69.2%▲ 38.2pp85.5%▲ 16.3pp30.4%▼ 55.1pp4.9%▼ 25.4pp9.8%▲ 4.9pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118k
Fixed assets
€11k ▲ 81.0%
Current assets
€108k ▼ 11.9%
Equity and liabilities €118k
Equity
€12k ▲ 84.0%
Debt
€107k ▼ 12.4%
Debt's share of the balance-sheet total falls from 95.1% to 90.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
904.1%
ROA
88.9%▲
2024 · 75.6%
Debt ≤ 1 year
€107k▼
2024 · €121k
Income taxes
€37k▲
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €9k | €11k | €2k | €4k | ▲ 89.6% |
| Other operating charges640/8 | €2k | €873 | €1k | €681 | €566 | ▼ 16.8% |
| Non-recurring operating charges66A | - | €62 | - | €14 | €842 | ▲ 6,035% |
| Gross operating margin9900 | €71k | €103k | €104k | €133k | €148k | ▲ 11.4% |
| Operating profit (loss)9901 | €67k | €94k | €92k | €130k | €143k | ▲ 9.6% |
| Financial income75/76B | - | €254 | €0 | €0 | - | - |
| Recurring financial income75 | - | €254 | €0 | €0 | - | - |
| Financial charges65/66B | €151 | €37 | €249 | €582 | €820 | ▲ 40.7% |
| Recurring financial charges65 | €151 | €37 | €249 | €582 | €820 | ▲ 40.7% |
| Profit (loss) for the period before taxes9903 | €67k | €94k | €92k | €130k | €142k | ▲ 9.4% |
| Income taxes67/77 | €15k | €20k | €20k | €33k | €37k | ▲ 11.6% |
| Profit (loss) for the period9904 | €53k | €73k | €72k | €97k | €105k | ▲ 8.7% |
| Profit (loss) for the period to be appropriated9905 | €53k | €73k | €72k | €97k | €105k | ▲ 8.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85k | €155k | €80k | €128k | €118k | ▼ 7.6% |
| Fixed assets21/28 | €37k | €31k | €28k | €6k | €11k | ▲ 81.0% |
| Tangible fixed assets22/27 | €37k | €31k | €28k | €6k | €11k | ▲ 81.0% |
| Plant, machinery and equipment23 | - | - | - | - | €5k | - |
| Furniture and vehicles24 | €37k | €31k | €28k | €6k | €5k | ▼ 10.1% |
| Current assets29/58 | €49k | €124k | €53k | €122k | €108k | ▼ 11.9% |
| Amounts receivable within one year40/41 | €10k | €5k | €14k | €1k | €914 | ▼ 37.4% |
| Trade receivables40 | €10k | - | €9k | - | - | - |
| Other amounts receivable41 | - | €5k | €5k | €1k | €914 | ▼ 37.4% |
| Cash at bank and in hand54/58 | €38k | €95k | €3k | €76k | €55k | ▼ 28.7% |
| Deferred charges and accrued income490/1 | €968 | €25k | €36k | €44k | €52k | ▲ 17.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85k | €155k | €80k | €128k | €118k | ▼ 7.6% |
| Equity10/15 | €59k | €133k | €24k | €6k | €12k | ▲ 84.0% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves13 | €58k | €131k | €23k | €5k | €10k | ▲ 87.5% |
| Distributable reserves133 | €58k | €131k | €23k | €5k | €10k | ▲ 87.5% |
| Profit (loss) carried forward14 | €66 | €558 | €441 | - | €649 | - |
| Amounts payable17/49 | €26k | €22k | €56k | €122k | €107k | ▼ 12.4% |
| Amounts payable within one year42/48 | €26k | €22k | €56k | €121k | €107k | ▼ 12.2% |
| Trade debts44 | €864 | €2k | €1k | €1k | €383 | ▼ 73.0% |
| Suppliers440/4 | €864 | €2k | €1k | €1k | €383 | ▼ 73.0% |
| Taxes, remuneration and social security45 | €23k | €21k | €588 | €3k | €26 | ▼ 99.1% |
| Taxes450/3 | €21k | €21k | €588 | €3k | €26 | ▼ 99.1% |
| Remuneration and social security454/9 | €2k | - | - | - | - | - |
| Other amounts payable47/48 | €2k | - | €54k | €117k | €106k | ▼ 9.4% |
| Accrued charges and deferred income492/3 | €287 | €160 | €497 | €551 | €299 | ▼ 45.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €73k | €72k | €97k | €105k | ▲ 8.7% |
| + Depreciation and write-downs630 | €2k | €9k | €11k | €2k | €4k | ▲ 89.6% |
| Operating cash flow (approximation) | €55k | €82k | €82k | €99k | €110k | ▲ 10.5% |
| Investment in fixed assets (approximation) | - | €-4k | €-7k | €20k | €-9k | ▼ 146% |
| Change in cash | - | €57k | €-92k | €73k | €-22k | ▼ 130% |
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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Highest result since 2020net €105k ▲8.7%
Operating result €143k, net result €105k, both a record.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity triplescurrent ratio 5.54
Current ratio from 1.88 to 5.54; short-term debt falls from €26k to €22k.
30-09
Financial
Equity above €100kEq €133k ▲124%
3 profitable years in a row build equity to €133k.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Gent · 1 establishment unit since 2020
Ground area
1,291 m²
Building footprint
287 m²
Volume, LiDAR
1,122 m³
Parcel 44038A0470/00G002, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Albrecht Dürerlaan 52, 9030 Gent
since 20202.305.799.074
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0470/00G002 | Flanders | 1,291 m² | 1 · 287 m² | 6.4 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500LMCQNWALNQ1063
Similar companies · same sector, comparable size
LAVAEL
BE 0686.670.027
Hechtel-Eksel · Eq €11,651
HODL
BE 0630.751.111
Brugge · Eq €11,670
BAVASTRO
BE 0784.644.579
Lennik · Eq €11,625
RS Group
BE 0778.573.567
Aubel · Eq €11,624
SN Finance
BE 0770.243.544
Elsene · Eq €11,679
Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 5,580 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
Founded17-07-2020
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
E-mail
arnthorbv@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.