ARRANGED
ActiveSummary
ARRANGED has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €400,600 and a net result of -€72,545. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 409 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-69
Solvency86▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.52 in 2024; short-term debt: 35.5% and cash: 5.6% of total assets), and 38.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
44 d early
2023
33 d early
2022
39 d early
2021
25 d early
2020
45 d early
2019
33 d late
← 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 26 days before the deadline; the sector median for financial year 2024 is 11 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 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€400,600▼ 15.3%
2024 · €473,145
Total assets
€655,331▼ 11.1%
2024 · €736,805
Net result
-€72,545
2024 · €31,821
Working capital
€322,817▼ 19.4%
2024 · €400,571
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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
Line20212022202320242025
Operating result€77,040▲ 150%€154,206▲ 100%€62,540▼ 59.4%€38,669▼ 38.2%-€51,429
Net result€59,371within the sector's middle half▲ 185%€91,506within the sector's middle half▲ 54.1%€47,283within the sector's middle half▼ 48.3%€31,821within the sector's middle half▼ 32.7%-€72,545below the sector's middle half
Equity€367,534within the sector's middle half▲ 12.0%€424,040within the sector's middle half▲ 15.4%€441,323within the sector's middle half▲ 4.1%€473,145within the sector's middle half▲ 7.2%€400,600within the sector's middle half▼ 15.3%
Total assets€726,298below the sector's middle half▲ 9.6%€765,666within the sector's middle half▲ 5.4%€741,023below the sector's middle half▼ 3.2%€736,805within the sector's middle half▼ 0.6%€655,331within the sector's middle half▼ 11.1%
Debt€358,765▲ 7.3%€341,626▼ 4.8%€299,699▼ 12.3%€263,660▼ 12.0%€254,731▼ 3.4%
Working capital€310,527within the sector's middle half▲ 11.5%€343,329within the sector's middle half▲ 10.6%€340,346within the sector's middle half▼ 0.9%€400,571within the sector's middle half▲ 17.7%€322,817within the sector's middle half▼ 19.4%
Solvency50.6%within the sector's middle half▲ 1.1pp55.4%within the sector's middle half▲ 4.8pp59.6%within the sector's middle half▲ 4.2pp64.2%within the sector's middle half▲ 4.7pp61.1%within the sector's middle half▼ 3.1pp
Current ratio1.89within the sector's middle half▼ 0.012.01within the sector's middle half▲ 0.122.15within the sector's middle half▲ 0.142.52within the sector's middle half▲ 0.382.39within the sector's middle half▼ 0.13
Return on assets (ROA)8.2%within the sector's middle half▲ 5.0pp12.0%above the sector's middle half▲ 3.8pp6.4%within the sector's middle half▼ 5.6pp4.3%within the sector's middle half▼ 2.1pp-11.1%below the sector's middle half▼ 15.4pp
Staff (FTE)2below the sector's middle half▲ 42.9%2.2below the sector's middle half▲ 10.0%3within the sector's middle half▲ 36.4%2.1within the sector's middle half▼ 30.0%2.2within the sector's middle half▲ 4.8%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €51,429 after €38,669 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €655,331
Fixed assets
€100,088 ▲ 37.0%
Current assets
€555,243 ▼ 16.3%
Equity and liabilities €655,331
Equity
€400,600 ▼ 15.3%
Debt
€254,731 ▼ 3.4%
Debt's share of the balance-sheet total rises from 35.8% to 38.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€26,953▼
2024 · €58,438
Cash flow
-€48,070▼
2024 · €51,591
Quick ratio
1.25▼
2024 · 1.40
Debt to equity
0.64▲
2024 · 0.56
ROE
-18.1%▼
2024 · 6.7%
Interest coverage
-1.30▼
2024 · 7.42
Debt ≤ 1 year
€232,426▼
2024 · €263,151
Debt > 1 year
€21,649
Income taxes
€406▼
2024 · €14,506
Staff costs
€141,437▲
2024 · €137,682
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 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% | 1.9% |
| 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 4,805 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €22,963 | €0 | - | - |
| Remuneration, social security and pensions62 | €95,920 | €110,990 | €169,853 | €137,682 | €141,437 | ▲ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,250 | €25,562 | €18,456 | €19,769 | €24,476 | ▲ 23.8% |
| Other operating charges640/8 | €24,004 | €37,462 | €20,607 | €26,906 | €23,250 | ▼ 13.6% |
| Non-recurring operating charges66A | - | - | - | €9,717 | €0 | ▼ 100% |
| Gross operating margin9900 | €221,215 | €328,221 | €271,455 | €232,743 | €137,734 | ▼ 40.8% |
| Operating profit (loss)9901 | €77,040 | €154,206 | €62,540 | €38,669 | -€51,429 | ▼ 233% |
| Financial income75/76B | €13,753 | €70 | €9,432 | €15,533 | €0 | ▼ 100.0% |
| Recurring financial income75 | €13,753 | €70 | €9,432 | €15,533 | €0 | ▼ 100.0% |
| Financial charges65/66B | €7,815 | €29,890 | €8,048 | €7,874 | €20,710 | ▲ 163% |
| Recurring financial charges65 | €7,815 | €29,890 | €8,048 | €7,874 | €20,710 | ▲ 163% |
| Profit (loss) for the period before taxes9903 | €82,978 | €124,386 | €63,923 | €46,328 | -€72,139 | ▼ 256% |
| Income taxes67/77 | €23,607 | €32,880 | €16,640 | €14,506 | €406 | ▼ 97.2% |
| Profit (loss) for the period9904 | €59,371 | €91,506 | €47,283 | €31,821 | -€72,545 | ▼ 328% |
| Profit (loss) for the period to be appropriated9905 | €59,371 | €91,506 | €47,283 | €31,821 | -€72,545 | ▼ 328% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €726,298 | €765,666 | €741,023 | €736,805 | €655,331 | ▼ 11.1% |
| Fixed assets21/28 | €68,138 | €82,071 | €103,433 | €73,083 | €100,088 | ▲ 37.0% |
| Intangible fixed assets21 | €12,700 | €9,287 | €5,875 | €2,463 | €12,634 | ▲ 413% |
| Tangible fixed assets22/27 | €51,353 | €69,648 | €94,473 | €67,536 | €84,368 | ▲ 24.9% |
| Plant, machinery and equipment23 | €14,795 | €29,263 | €33,126 | €38,713 | €29,754 | ▼ 23.1% |
| Furniture and vehicles24 | €25,712 | €18,739 | €41,649 | €11,074 | €38,815 | ▲ 251% |
| Other tangible fixed assets26 | €10,845 | €21,647 | €19,698 | €17,749 | €15,800 | ▼ 11.0% |
| Financial fixed assets28 | €4,085 | €3,135 | €3,085 | €3,085 | €3,085 | = |
| Current assets29/58 | €658,160 | €683,595 | €637,590 | €663,722 | €555,243 | ▼ 16.3% |
| Stocks and contracts in progress3 | €199,189 | €332,252 | €292,199 | €294,133 | €265,100 | ▼ 9.9% |
| Stocks30/36 | €199,189 | €332,252 | €292,199 | €294,133 | €265,100 | ▼ 9.9% |
| Amounts receivable within one year40/41 | €280,360 | €207,351 | €193,713 | €191,895 | €204,175 | ▲ 6.4% |
| Trade receivables40 | €252,121 | €195,960 | €183,523 | €176,206 | €177,118 | ▲ 0.5% |
| Other amounts receivable41 | €28,239 | €11,391 | €10,190 | €15,689 | €27,057 | ▲ 72.5% |
| Cash at bank and in hand54/58 | €168,948 | €126,981 | €104,453 | €140,339 | €36,571 | ▼ 73.9% |
| Deferred charges and accrued income490/1 | €9,663 | €17,011 | €47,225 | €37,355 | €49,397 | ▲ 32.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €726,298 | €765,666 | €741,023 | €736,805 | €655,331 | ▼ 11.1% |
| Equity10/15 | €367,534 | €424,040 | €441,323 | €473,145 | €400,600 | ▼ 15.3% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €10,000 | €10,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €257,534 | €314,040 | €331,323 | €363,145 | €290,600 | ▼ 20.0% |
| Amounts payable17/49 | €358,765 | €341,626 | €299,699 | €263,660 | €254,731 | ▼ 3.4% |
| Amounts payable after more than one year17 | €10,583 | - | - | - | €21,649 | - |
| Financial debts170/4 | €10,583 | - | - | - | €21,649 | - |
| Amounts payable within one year42/48 | €347,634 | €340,267 | €297,243 | €263,151 | €232,426 | ▼ 11.7% |
| Current portion of amounts payable after more than one year42 | €13,240 | €10,583 | €0 | - | €7,169 | - |
| Financial debts43 | €75,000 | €75,000 | €75,000 | €0 | - | - |
| Credit institutions430/8 | €75,000 | €75,000 | €75,000 | €0 | - | - |
| Trade debts44 | €101,248 | €137,651 | €110,404 | €195,250 | €121,401 | ▼ 37.8% |
| Suppliers440/4 | €101,248 | €137,651 | €110,404 | €195,250 | €121,401 | ▼ 37.8% |
| Advances received on contracts in progress46 | €20,307 | €2,258 | €1,775 | €4,268 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €41,228 | €75,160 | €60,213 | €17,561 | €32,632 | ▲ 85.8% |
| Taxes450/3 | €27,855 | €50,108 | €33,601 | €3,673 | €4,223 | ▲ 15.0% |
| Remuneration and social security454/9 | €13,374 | €25,053 | €26,612 | €13,888 | €28,409 | ▲ 105% |
| Other amounts payable47/48 | €96,611 | €39,615 | €49,851 | €46,072 | €71,224 | ▲ 54.6% |
| Accrued charges and deferred income492/3 | €548 | €1,360 | €2,456 | €509 | €656 | ▲ 28.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,371 | €91,506 | €47,283 | €31,821 | -€72,545 | ▼ 328% |
| + Depreciation and write-downs630 | €24,250 | €25,562 | €18,456 | €19,769 | €24,476 | ▲ 23.8% |
| Operating cash flow (approximation) | €83,621 | €117,069 | €65,739 | €51,591 | -€48,070 | ▼ 193% |
| Investment in fixed assets (approximation) | - | -€39,495 | -€39,818 | €10,581 | -€51,480 | ▼ 587% |
| Change in cash | - | -€41,967 | -€22,528 | €35,886 | -€103,768 | ▼ 389% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€72,545
Net result drops to -€72,545, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €91,506 ▲54.1%
Operating result €154,206, net result €91,506, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 33 days late
2019
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB 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, Bilzen-Hoeselt · 2 establishment units since 2011
Ground area
3,267 m²
Building footprint
992 m²
Volume, LiDAR
1,438 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
ARRANGED
since 20112.199.480.245
ARRANGED
since 20182.276.185.073
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71402D1112/00Z000 | Flanders | 1,924 m² | 1 · 768 m² | 0.0 m |
| 73006H0146/00N000 | Flanders | 1,343 m² | 1 · 225 m² | 8.2 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- AGOC
- ARRANGED
Highest known parent: AGOC. The sources do not say who stands above it.
Owners 1
- AGOCparentSourceaccounts AGOC 202599.9%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 26,210 EUR awarded · 21,664 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 10,794 EUR | 6,746 EUR |
| 2024 | 2 | 4,976 EUR | 4,976 EUR |
| 2023 | 2 | 4,221 EUR | 3,756 EUR |
| 2022 | 2 | 6,219 EUR | 6,186 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300FPZ4A4WSH6I909
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Of 63 companies in sector 28295 we hold annual accounts for 55. 44 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
Founded30-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
28295Manufacture of machinery and equipment not elsewhere classified
46649Wholesale of other machinery and equipment
46120Wholesale trade
46140Agents in the wholesale of industrial machinery, ships and aircraft
46851Wholesale of industrial chemicals
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836709429
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.