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ARPV

Active
Private limited companyfounded 2024active for 1 yearZwanenlaan 90, 8400 Oostende, BelgiumKBO/BCE: BE 1017.438.740
Summary

The computed 12-month bankruptcy probability of ARPV is 2.3% (moderate). The 2025 annual accounts show equity of €53,690 and a net result of €48,690. Its solvency ranks better than 27% of 2,790 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

Turnover
≈ €660,000
Estimated: probably between €450,000 and €1.0m
Total assets
€284,741
Net result
€48,690
Working capital
€6,089

Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €284,741
Fixed assets €124,859
Current assets €159,883
Equity and liabilities €284,741
Equity €53,690
Debt €231,052
Debt finances 81.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€101,071
Cash flow
€82,856
Current ratio
1.04
Debt to equity
4.30
ROE
90.7%
ROA
17.1%
Interest coverage
26.80
Debt ≤ 1 year
€153,793
Debt > 1 year
€77,258
Income taxes
€14,649
Staff costs
€84,036

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,390 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
Filed annual accounts As filed with the NBB · 2025 · 45 lines
Balance sheet Code2025
Assets
Total assets20/58€284,741
Fixed assets21/28€124,859
Tangible fixed assets22/27€124,859
Plant, machinery and equipment23€42,939
Furniture and vehicles24€81,919
Current assets29/58€159,883
Amounts receivable within one year40/41€38,847
Trade receivables40€29,302
Other amounts receivable41€9,545
Cash at bank and in hand54/58€115,997
Deferred charges and accrued income490/1€5,039
Equity and liabilities
Total equity and liabilities10/49€284,741
Equity10/15€53,690
Contributions10/11€5,000
Reserves13€48,690
Distributable reserves133€48,690
Amounts payable17/49€231,052
Amounts payable after more than one year17€77,258
Financial debts170/4€77,258
Amounts payable within one year42/48€153,793
Current portion of amounts payable after more than one year42€23,735
Trade debts44€32,178
Suppliers440/4€32,178
Advances received on contracts in progress46€67,577
Taxes, remuneration and social security45€8,729
Taxes450/3€5,751
Remuneration and social security454/9€2,978
Other amounts payable47/48€21,575
Income statement Code2025
Remuneration, social security and pensions62€84,036
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34,167
Other operating charges640/8€2,990
Gross operating margin9900€188,096
Operating profit (loss)9901€66,904
Financial income75/76B€206
Recurring financial income75€206
Financial charges65/66B€3,771
Recurring financial charges65€3,771
Profit (loss) for the period before taxes9903€63,339
Income taxes67/77€14,649
Profit (loss) for the period9904€48,690
Profit (loss) for the period to be appropriated9905€48,690
Appropriation of the result
Profit (loss) to be appropriated9906€48,690
Transfer to equity691/2€48,690
To other reserves6921€48,690
Social balance sheet
Average headcount (FTE)90871.7

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€84,036
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34,167
Other operating charges640/8€2,990
Gross operating margin9900€188,096
Operating profit (loss)9901€66,904
Financial income75/76B€206
Recurring financial income75€206
Financial charges65/66B€3,771
Recurring financial charges65€3,771
Profit (loss) for the period before taxes9903€63,339
Income taxes67/77€14,649
Profit (loss) for the period9904€48,690
Profit (loss) for the period to be appropriated9905€48,690
Line2025
Assets
Total assets20/58€284,741
Fixed assets21/28€124,859
Tangible fixed assets22/27€124,859
Plant, machinery and equipment23€42,939
Furniture and vehicles24€81,919
Current assets29/58€159,883
Amounts receivable within one year40/41€38,847
Trade receivables40€29,302
Other amounts receivable41€9,545
Cash at bank and in hand54/58€115,997
Deferred charges and accrued income490/1€5,039
Equity and liabilities
Total equity and liabilities10/49€284,741
Equity10/15€53,690
Contributions10/11€5,000
Reserves13€48,690
Distributable reserves133€48,690
Amounts payable17/49€231,052
Amounts payable after more than one year17€77,258
Financial debts170/4€77,258
Amounts payable within one year42/48€153,793
Current portion of amounts payable after more than one year42€23,735
Trade debts44€32,178
Suppliers440/4€32,178
Advances received on contracts in progress46€67,577
Taxes, remuneration and social security45€8,729
Taxes450/3€5,751
Remuneration and social security454/9€2,978
Other amounts payable47/48€21,575
Line2025
Profit (loss) for the period9904€48,690
+ Depreciation and write-downs630€34,167
Operating cash flow (approximation)€82,856

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 31-07-2026 2026-00370416

Similar companies · same sector, comparable size

Of the 29,223 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,403. 13,413 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.