Equity
€282,900 from €1.3m in 2024
Equity fell by 79% in 1 year.
ARPA CONSULT
Lifetime
20 annual accounts with figures on one time axispeak €109,868 (2015)
-€12,048▼ €1,583
lowest -€4,137 (2008)
€5,305▼ 10.3%
peak €1.3m (2024)
€282,900▼ 78.6%
€1.1m▲ 24×
Board1 name since 2021
1 directorPANITCH Arkadi
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from -€10,466 to -€12,048Dividend €1.0mEquity from €1.3m to €282,900Debts from €45,172 to €1.1mCash from €562 to €261,613
Key points
from the 2025 annual accountsDebts
€1.1m 79% of the balance sheet
Suppliers 0%Taxes and wages 1%Other 98%
Liquidity
1.23 was 29.21 in 2024
Short-term debts rose from €45,172 to €1.1m.
Filings
20 annual accounts since 2006
Eight of the last ten came late. The 2025 accounts came latest: 28 days after the end of the period.
At the same address
6 companies
Position in the sector
€1.3m
Larger balance sheet than 92% of companies in head offices and management consultancy. Sector median €177,238 · 39,380 companies.
Turnover not published (micro format)
Checked score
89
Excellent
Financially stronger than 15% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.3%● unchanged vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.4%▲ +0.1 percentage points vs 03-2025
05-2025: 1.5%▲ +0.1 percentage points vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.6%▲ +0.1 percentage points vs 06-2025
08-2025: 2.4%▲ +0.8 percentage points vs 07-2025highest value
09-2025: 1.2%▼ -1.2 percentage points vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%▼ -0.8 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.6 percentage points vs 07-2026
09-2026: < 0.1%▼ -1.1 percentage points vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
No registered site in the KBO
lowers risk
Size: total assets €1.3m
Figures for financial year 2025 (filed on 29-08-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 24% of them on solvency, 13% on liquidity, 14% on profitability and 7% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as ARPA CONSULT has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of ARPA CONSULT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,685 companies, not a prediction for ARPA CONSULT. 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.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.23 (29.21 in 2024), below the usual 1.5. Short-term debt is 79% and cash 19.4% of total assets. 79% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 39360 sector peers (2025).
NBB · sector comparisonPosition among 39360 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
26 days late
2023
5 days late
2022
25 days late
2021
4 days late
2020
20 days late
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0877419339
Reappointment: PANITCH Arkadi (director)
Registered office clause: Chaussée de Charleroi 92 boîte 4, 1060 Saint-Gilles · General meeting of 11-04-2024 · Gazette deed
Incorporation
published on 02-12-2005 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARPA CONSULT Sint-Gillis (bij-Brussel) | €1.3m | -€12,048 | 21.0% | - |
| CARIBOU Brussels | €1.3m | -€3,475 | 97.9% | - |
| DIDYMA-CONSULT Woluwe-Saint-Lambert | €1.3m | -€41,952 | 25.8% | - |
| RAF Evere | €1.4m | -€4,756 | 4.0% | - |
| Guillaume VANDERVAEREN Ixelles | €1.3m | -€11,692 | 6.0% | - |
| CIRELLE Jette | €1.6m | -€46,986 | 81.8% | - |
| THREA Woluwe-Saint-Pierre | €1.2m | -€61,003 | 92.2% | - |
These companies have the same main activity as ARPA CONSULT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.2m and €1.6m, founded between 2003 and 2008.
Official details
Source: KBO- Status
- Active since 22-11-2005Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Insights on ARPA CONSULT
ARPA CONSULT files the micro format. That format states no turnover. The gross margin fell from €20,504 in 2006 to -€12,048 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ARPA CONSULT
- What is the company number of ARPA CONSULT?
- The company number of ARPA CONSULT is 0877.419.339. The VAT number is the same number with BE in front: BE 0877.419.339.
- Where is ARPA CONSULT based?
- The registered office is at Charleroise Steenweg 92, 1060 Sint-Gillis (bij-Brussel).Company details
- What does ARPA CONSULT do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of ARPA CONSULT?
- ARPA CONSULT is a private limited company (BV).
- When was ARPA CONSULT founded?
- ARPA CONSULT was founded on 22-11-2005.
- Is ARPA CONSULT still active?
- Yes, ARPA CONSULT is an active enterprise in the KBO register.
- What is the turnover of ARPA CONSULT?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is ARPA CONSULT profitable?
- In financial year 2025, ARPA CONSULT made a profit of €5,305.
- Where can I find the annual accounts of ARPA CONSULT?
- ARPA CONSULT filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARPA CONSULT due?
- ARPA CONSULT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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