ARPÉGO
ActiveSummary
ARPÉGO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €237,121 and a net result of €103,730. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency85▲+20
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 4.75 against 1.6 in 2023; short-term debt: 9.3% and cash: 12.9% of total assets), and 39.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
on the day
2023
57 d early
2022
40 d early
2021
24 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 21 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€237,121▲ 77.8%
2023 · €133,391
Total assets
€393,531▲ 18.0%
2023 · €333,407
Net result
€103,730▼ 2.4%
2023 · €106,331
Working capital
€136,585▲ 183%
2023 · €48,189
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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€104,522▼ 15.5%€28,111▼ 73.1%€384,426▲ 1,268%€143,182▼ 62.8%€136,510▼ 4.7%
Net result€82,004above the sector's middle half▼ 2.9%€19,633within the sector's middle half▼ 76.1%€287,634above the sector's middle half▲ 1,365%€106,331above the sector's middle half▼ 63.0%€103,730above the sector's middle half▼ 2.4%
Equity€91,276within the sector's middle half▼ 46.1%€60,910within the sector's middle half▼ 33.3%€67,060within the sector's middle half▲ 10.1%€133,391within the sector's middle half▲ 98.9%€237,121within the sector's middle half▲ 77.8%
Total assets€274,614within the sector's middle half▼ 25.9%€132,569within the sector's middle half▼ 51.7%€349,162within the sector's middle half▲ 163%€333,407within the sector's middle half▼ 4.5%€393,531within the sector's middle half▲ 18.0%
Debt€183,338▼ 8.9%€71,659▼ 60.9%€282,102▲ 294%€200,016▼ 29.1%€156,411▼ 21.8%
Working capital€80,052within the sector's middle half▼ 51.2%€34,174within the sector's middle half▼ 57.3%-€2,813below the sector's middle half€48,189within the sector's middle half€136,585within the sector's middle half▲ 183%
Solvency33.2%within the sector's middle half▼ 12.5pp45.9%within the sector's middle half▲ 12.7pp19.2%below the sector's middle half▼ 26.7pp40.0%within the sector's middle half▲ 20.8pp60.3%within the sector's middle half▲ 20.2pp
Current ratio1.44within the sector's middle half▼ 0.381.48within the sector's middle half▲ 0.040.98below the sector's middle half▼ 0.491.60within the sector's middle half▲ 0.624.75above the sector's middle half▲ 3.15
Return on assets (ROA)29.9%above the sector's middle half▲ 7.1pp14.8%within the sector's middle half▼ 15.1pp82.4%above the sector's middle half▲ 67.6pp31.9%above the sector's middle half▼ 50.5pp26.4%within the sector's middle half▼ 5.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 has fallen two years in a row; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €393,531
Fixed assets
€220,536 ▲ 7.5%
Current assets
€172,996 ▲ 34.9%
Equity and liabilities €393,531
Equity
€237,121 ▲ 77.8%
Debt
€156,411 ▼ 21.8%
Debt's share of the balance-sheet total falls from 60.0% to 39.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€139,861▼
2023 · €148,460
Cash flow
€107,081▼
2023 · €111,609
Debt to equity
0.66▼
2023 · 1.50
ROE
43.7%▼
2023 · 79.7%
Interest coverage
32.67▼
2023 · 96.95
Debt ≤ 1 year
€36,411▼
2023 · €80,016
Debt > 1 year
€120,000=
2023 · €120,000
Income taxes
€28,498▼
2023 · €35,320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 34,696 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 | - | - | - | - | €3,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,718 | €4,150 | €5,455 | €5,277 | €3,352 | ▼ 36.5% |
| Other operating charges640/8 | - | €2,085 | €1,511 | €2,006 | €1,937 | ▼ 3.4% |
| Gross operating margin9900 | €108,587 | €34,346 | €391,393 | €150,466 | €141,799 | ▼ 5.8% |
| Operating profit (loss)9901 | €104,522 | €28,111 | €384,426 | €143,182 | €136,510 | ▼ 4.7% |
| Financial charges65/66B | - | €156 | €1,769 | €1,531 | €4,281 | ▲ 180% |
| Recurring financial charges65 | €1,255 | €156 | €1,769 | €1,531 | €4,281 | ▲ 180% |
| Profit (loss) for the period before taxes9903 | €103,266 | €27,955 | €382,657 | €141,651 | €132,228 | ▼ 6.7% |
| Income taxes67/77 | €21,263 | €8,322 | €95,023 | €35,320 | €28,498 | ▼ 19.3% |
| Profit (loss) for the period9904 | €82,004 | €19,633 | €287,634 | €106,331 | €103,730 | ▼ 2.4% |
| Transfer from tax-exempt reserves789 | - | €62,000 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €175,004 | €81,633 | €287,634 | €106,331 | €103,730 | ▼ 2.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274,614 | €132,569 | €349,162 | €333,407 | €393,531 | ▲ 18.0% |
| Fixed assets21/28 | €11,269 | €26,736 | €191,177 | €205,202 | €220,536 | ▲ 7.5% |
| Tangible fixed assets22/27 | €11,219 | €26,686 | €191,127 | €205,152 | €220,486 | ▲ 7.5% |
| Land and buildings22 | - | €16,800 | €183,261 | €191,820 | €191,820 | = |
| Plant, machinery and equipment23 | - | €983 | €492 | €10,413 | €15,186 | ▲ 45.8% |
| Furniture and vehicles24 | - | €8,338 | €7,374 | €2,919 | €1,280 | ▼ 56.1% |
| Other tangible fixed assets26 | - | €565 | - | - | €12,200 | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €263,345 | €105,833 | €157,985 | €128,205 | €172,996 | ▲ 34.9% |
| Amounts receivable within one year40/41 | €49,254 | €62,598 | €78,510 | €107,130 | €122,410 | ▲ 14.3% |
| Trade receivables40 | - | €50,730 | €78,146 | €106,588 | €112,890 | ▲ 5.9% |
| Other amounts receivable41 | - | €11,868 | €364 | €543 | €9,520 | ▲ 1,655% |
| Cash at bank and in hand54/58 | €212,415 | €41,606 | €77,713 | €21,075 | €50,585 | ▲ 140% |
| Deferred charges and accrued income490/1 | - | €1,628 | €1,761 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274,614 | €132,569 | €349,162 | €333,407 | €393,531 | ▲ 18.0% |
| Equity10/15 | €91,276 | €60,910 | €67,060 | €133,391 | €237,121 | ▲ 77.8% |
| Contributions10/11 | - | €12,400 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €63,855 | €48,510 | €48,510 | €48,510 | €48,510 | = |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | €46,655 | €46,655 | €46,655 | €46,655 | = |
| Profit (loss) carried forward14 | €15,021 | - | - | €66,331 | €170,061 | ▲ 156% |
| Amounts payable17/49 | €183,338 | €71,659 | €282,102 | €200,016 | €156,411 | ▼ 21.8% |
| Amounts payable after more than one year17 | - | - | €120,000 | €120,000 | €120,000 | = |
| Financial debts170/4 | - | - | €120,000 | €120,000 | €120,000 | = |
| Amounts payable within one year42/48 | €183,293 | €71,659 | €160,798 | €80,016 | €36,411 | ▼ 54.5% |
| Trade debts44 | €1,304 | €2,980 | €17,154 | €3,582 | €8,542 | ▲ 138% |
| Suppliers440/4 | - | €2,980 | €17,154 | €3,582 | €8,542 | ▲ 138% |
| Taxes, remuneration and social security45 | - | €7,092 | €31,267 | €29,333 | €27,740 | ▼ 5.4% |
| Taxes450/3 | - | €7,092 | €28,671 | €29,333 | €27,740 | ▼ 5.4% |
| Remuneration and social security454/9 | - | - | €2,596 | - | - | - |
| Other amounts payable47/48 | - | €61,587 | €112,377 | €47,101 | €128 | ▼ 99.7% |
| Accrued charges and deferred income492/3 | - | - | €1,304 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,004 | €19,633 | €287,634 | €106,331 | €103,730 | ▼ 2.4% |
| + Depreciation and write-downs630 | €1,718 | €4,150 | €5,455 | €5,277 | €3,352 | ▼ 36.5% |
| Operating cash flow (approximation) | €83,721 | €23,783 | €293,089 | €111,609 | €107,081 | ▼ 4.1% |
| Investment in fixed assets (approximation) | - | -€19,617 | -€169,896 | -€19,303 | -€18,685 | ▲ 3.2% |
| Change in cash | - | -€170,809 | €36,107 | -€56,639 | €29,511 | ▲ 152% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 4.75
Current ratio from 1.60 to 4.75; short-term debt falls from €80,016 to €36,411.
31-12
Financial
Equity above €200,000Eq €237,121 ▲77.8%
7 profitable years in a row build equity to €237,121.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €133,391 ▲98.9%
6 profitable years in a row build equity to €133,391.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €287,634 ▲1,365%
Operating result €384,426, net result €287,634, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €19,633 ▼76.1%
Net result drops to €19,633, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
07-07
State Gazette act
General meeting · Director appointment
Show earlier events
16-06
State Gazette act
General meeting · Director appointment
Permanent representative
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2015
07-09
State Gazette act
General meeting · Director appointment
Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lasne · 1 establishment unit since 2013
Ground area
4,645 m²
Building footprint
129 m²
Volume, LiDAR
1,020 m³
2 parcels, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ARPÉGO
since 20132.223.042.931
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25061A0074/00L000 | Wallonia | 3,316 m² | - | - |
| 25061A0042/00C000 | Wallonia | 1,329 m² | 1 · 129 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
5299000TRBY4HJZUXT36
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 39,175 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
Founded25-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68121Development of residential building projects
79120Travel agency, tour operator and other reservation service and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0539765507
Also
9925:BE0539765507
Registered
20-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.