ARPON ENGINEERING
ActiveSummary
ARPON ENGINEERING has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €115,910 and a net result of €21,294. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 1117 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+40
Solvency96▲+36
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 3.33 against 1.51 in 2023; short-term debt: 29.4% and cash: 15.6% of total assets), and 29.4% 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
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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €115,910
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-04-2025, 104 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
104 d early
2023
117 d early
2022
43 d late
2021
35 d early
2020
81 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21,294▲ 2,131%
2023 · €955
Working capital
€112,509▲ 28.8%
2023 · €87,320
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
Line20202021202220232024
Operating result€194,644-€121,103▼ 37.8%€118,860▼ 1.9%-€2,334€23,989
Net result€133,561-€86,486▼ 35.2%€88,615▲ 2.5%€955▼ 98.9%€21,294▲ 2,131%
Equity€138,561-€115,047▼ 17.0%€93,662▼ 18.6%€94,616▲ 1.0%€115,910▲ 22.5%
Total assets€514,863-€821,651▲ 59.6%€358,013▼ 56.4%€266,989▼ 25.4%€164,258▼ 38.5%
Debt€376,302-€706,604▲ 87.8%€264,351▼ 62.6%€172,373▼ 34.8%€48,348▼ 72.0%
Working capital€138,561-€98,854▼ 28.7%€81,216▼ 17.8%€87,320▲ 7.5%€112,509▲ 28.8%
Staff (FTE)1.2-3.8▲ 217%2.6▼ 31.6%1.7▼ 34.6%0.6▼ 64.7%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €23,989 after a loss of €2,334 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €164,258
Fixed assets
€3,401 ▼ 53.4%
Current assets
€160,857 ▼ 38.1%
Equity and liabilities €164,258
Equity
€115,910 ▲ 22.5%
Debt
€48,348 ▼ 72.0%
Debt's share of the balance-sheet total falls from 64.6% to 29.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,885▲
2023 · €2,816
Cash flow
€25,190▲
2023 · €6,104
Current ratio
3.33▲
2023 · 1.51
Debt to equity
0.42▼
2023 · 1.82
ROE
18.4%▲
2023 · 1.0%
ROA
13.0%▲
2023 · 0.4%
Interest coverage
39.98▲
2023 · 3.13
Debt ≤ 1 year
€48,348▼
2023 · €172,373
Income taxes
€8,992▲
2023 · €1,315
Staff costs
€41,759▼
2023 · €124,086
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €165,604 | €157,568 | €124,086 | €41,759 | ▼ 66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,256 | €5,150 | €5,150 | €3,896 | ▼ 24.4% |
| Other operating charges640/8 | - | €5,797 | €206 | €1,772 | €173 | ▼ 90.2% |
| Non-recurring operating charges66A | - | - | - | €19,510 | - | - |
| Gross operating margin9900 | €243,663 | €293,759 | €281,783 | €148,184 | €69,817 | ▼ 52.9% |
| Operating profit (loss)9901 | €194,644 | €121,103 | €118,860 | -€2,334 | €23,989 | ▲ 1,128% |
| Financial income75/76B | - | €0 | €1,194 | €5,506 | €6,994 | ▲ 27.0% |
| Recurring financial income75 | - | €0 | €58 | €5,496 | €6,994 | ▲ 27.2% |
| Non-recurring financial income76B | - | €0 | €1,136 | €10 | - | - |
| Financial charges65/66B | - | €3,301 | €665 | €902 | €698 | ▼ 22.7% |
| Recurring financial charges65 | €4,974 | €3,301 | €665 | €900 | €698 | ▼ 22.5% |
| Non-recurring financial charges66B | - | - | -€0 | €2 | - | - |
| Profit (loss) for the period before taxes9903 | €189,670 | €117,802 | €119,389 | €2,270 | €30,286 | ▲ 1,234% |
| Income taxes67/77 | €56,110 | €31,316 | €30,775 | €1,315 | €8,992 | ▲ 584% |
| Profit (loss) for the period9904 | €133,561 | €86,486 | €88,615 | €955 | €21,294 | ▲ 2,131% |
| Profit (loss) for the period to be appropriated9905 | €133,561 | €86,486 | €88,615 | €955 | €21,294 | ▲ 2,131% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €514,863 | €821,651 | €358,013 | €266,989 | €164,258 | ▼ 38.5% |
| Fixed assets21/28 | - | €16,193 | €12,446 | €7,297 | €3,401 | ▼ 53.4% |
| Tangible fixed assets22/27 | - | €14,195 | €9,045 | €3,896 | - | - |
| Furniture and vehicles24 | - | €14,195 | €9,045 | €3,896 | - | - |
| Financial fixed assets28 | - | €1,998 | €3,401 | €3,401 | €3,401 | = |
| Current assets29/58 | €514,863 | €805,458 | €345,567 | €259,693 | €160,857 | ▼ 38.1% |
| Amounts receivable within one year40/41 | €192,593 | €245,496 | €258,518 | €200,373 | €134,570 | ▼ 32.8% |
| Trade receivables40 | - | €245,496 | €159,815 | €72,585 | €16,989 | ▼ 76.6% |
| Other amounts receivable41 | - | - | €98,703 | €127,788 | €117,581 | ▼ 8.0% |
| Cash at bank and in hand54/58 | €320,963 | €556,878 | €82,984 | €57,386 | €25,649 | ▼ 55.3% |
| Deferred charges and accrued income490/1 | - | €3,083 | €4,065 | €1,934 | €638 | ▼ 67.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €514,863 | €821,651 | €358,013 | €266,989 | €164,258 | ▼ 38.5% |
| Equity10/15 | €138,561 | €115,047 | €93,662 | €94,616 | €115,910 | ▲ 22.5% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €133,561 | €110,047 | €88,662 | €89,616 | €110,910 | ▲ 23.8% |
| Amounts payable17/49 | €376,302 | €706,604 | €264,351 | €172,373 | €48,348 | ▼ 72.0% |
| Amounts payable within one year42/48 | €376,302 | €706,604 | €264,351 | €172,373 | €48,348 | ▼ 72.0% |
| Trade debts44 | €221,557 | €452,808 | €88,066 | €21,589 | €21,991 | ▲ 1.9% |
| Suppliers440/4 | - | €452,808 | €88,066 | €21,589 | €21,991 | ▲ 1.9% |
| Taxes, remuneration and social security45 | - | €141,436 | €66,043 | €26,334 | €11,474 | ▼ 56.4% |
| Taxes450/3 | - | €119,850 | €56,176 | €18,723 | €8,992 | ▼ 52.0% |
| Remuneration and social security454/9 | - | €21,586 | €9,867 | €7,612 | €2,482 | ▼ 67.4% |
| Other amounts payable47/48 | - | €112,360 | €110,243 | €124,449 | €14,883 | ▼ 88.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €133,561 | €86,486 | €88,615 | €955 | €21,294 | ▲ 2,131% |
| + Depreciation and write-downs630 | - | €1,256 | €5,150 | €5,150 | €3,896 | ▼ 24.4% |
| Operating cash flow (approximation) | €133,561 | €87,742 | €93,765 | €6,104 | €25,190 | ▲ 313% |
| Investment in fixed assets (approximation) | - | - | -€1,403 | €0 | €0 | - |
| Change in cash | - | €235,916 | -€473,895 | -€25,598 | -€31,737 | ▼ 24.0% |
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
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.33
Current ratio from 1.51 to 3.33; short-term debt falls from €172,373 to €48,348.
31-12
Financial
Equity above €100,000Eq €115,910 ▲22.5%
5 profitable years in a row build equity to €115,910.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €955 ▼98.9%
Net result drops to €955, the lowest in the series; recovery starts the following year.
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 43 days late
2022
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2019
Ground area
2,707 m²
Building footprint
2,234 m²
Volume, LiDAR
69,077 m³
Parcel 21562A0411/00A002, Brussels · tallest building 49.4 m, ±10 floors. Linked by address, not a title deed.
109
companies at this address
See who is registered here
1 establishment unit
ARPON ENGINEERING
since 20192.294.455.222
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0411/00A002 | Brussels | 2,707 m² | 1 · 2,234 m² | 49.4 m · 10 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 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,252 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
Founded26-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.