Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
€3.1m of the debts are secured on the company's own assets. In 2024 that was €2.0m.
The 2025 accounts came latest: 60 days after the end of the period.
Less equity than 90% of companies in real estate. Sector median €942,893 · 5,811 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, small). It does better than 13% of them on solvency, 27% on liquidity, 32% on profitability and 12% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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).
In July 2024, 473 companies had the same profile as ARROM CONSTRUCT has now. Each dot is one company, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARROM CONSTRUCT itself: 0.9% within 12 months.
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 473 companies, not a prediction for ARROM CONSTRUCT. 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.
Liquidity is ample, with a current ratio of 2.78 (1.86 in 2024), above the usual 1.5. Short-term debt is 36% and cash 0.1% of total assets. However, equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 21 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ARROM CONSTRUCT Uccle | €6.6m | -€29,606 | -1.2% | 0 |
| OBRIGADO Affligem | €5.3m | -€6,229 | 32.1% | 0 |
| Cottage III Uccle | €8.1m | -€25,078 | -2.0% | 0 |
| BRIK HOUSES Sint-Martens-Latem | €5.9m | -€266,250 | -5.9% | 0 |
| EVEREST URBAN LIVING Dendermonde | €6.5m | -€142,324 | 19.5% | 0 |
| Belgico Sint-Truiden | €4.0m | -€88 | -1.7% | 0 |
| B&S WESTPOORT Arendonk | €9.5m | -€3,565 | 1.0% | 0 |
These companies have the same main activity as ARROM CONSTRUCT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €4m and €9.5m, founded between 2020 and 2021.
ARROM CONSTRUCT has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€82,154) and a net result of -€20,369.
Equity has been shrinking by about 80% per year since 2022. Its solvency ranks better than 13% of 5,810 sector peers (NACE 68, financial year 2025).
The computed 12-month bankruptcy probability is 0.9% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover: not included in this filing.
Higher than 13% of 5,810 companies in 2025.
Higher than 70% of 5,561 companies in 2025.
Higher than 35% of 5,784 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
6.6m | 6.8m | 2.2m | 1.1m | |
29/58 |
6.6m | 6.8m | 2.2m | 1.1m | |
3 |
5.8m | 4.3m | 1.9m | 983,749 | |
30/36 |
5.8m | 4.3m | 1.9m | 983,749 | |
40/41 |
850,855 | 2.5m | 302,030 | 131,394 | |
40 |
741,443 | 274,044 | 149,737 | - | |
41 |
109,412 | 2.2m | 152,292 | 131,394 | |
54/58 |
6,160 | 613 | 161 | 65 | |
490/1 |
6,578 | 9,411 | 20,383 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
6.6m | 6.8m | 2.2m | 1.1m | |
10/15 |
-82,154 | -61,784 | 7,285 | 54,536 | |
10/11 |
61,500 | 61,500 | 61,500 | 61,500 | |
10 |
61,500 | 61,500 | 61,500 | 61,500 | |
100 |
61,500 | 61,500 | 61,500 | 61,500 | |
14 |
-143,654 | -123,284 | -54,215 | -6,964 | |
17/49 |
6.7m | 6.9m | 2.2m | 1.1m | |
17 |
4.3m | 3.2m | 410,000 | - | |
170/4 |
4.3m | 3.2m | 410,000 | - | |
42/48 |
2.4m | 3.7m | 1.8m | 1.1m | |
43 |
0 | 432,222 | - | - | |
430/8 |
0 | 432,222 | - | - | |
44 |
539,892 | 302,208 | 200,964 | 8,277 | |
440/4 |
539,892 | 302,208 | 200,964 | 8,277 | |
46 |
327,000 | 327,000 | 327,000 | - | |
45 |
0 | 200 | - | - | |
450/3 |
0 | 200 | - | - | |
47/48 |
1.5m | 2.6m | 1.2m | 1.1m | |
492/3 |
52,780 | 499 | - | - | |
| Income statement | |||||
9900 |
-29,606 | -46,254 | -43,786 | -6,457 | |
640/8 |
1,763 | 1,160 | 623 | 498 | |
9901 |
-31,368 | -47,414 | -44,409 | -6,954 | |
75/76B |
68 | 0 | - | - | |
75 |
68 | 0 | - | - | |
65/66B |
-11,025 | 21,455 | 2,842 | 10 | |
65 |
-11,025 | 21,455 | 2,842 | 10 | |
9903 |
-20,276 | -68,869 | -47,251 | -6,964 | |
67/77 |
94 | 200 | - | - | |
9904 |
-20,369 | -69,070 | -47,251 | -6,964 | |
9905 |
-20,369 | -69,070 | -47,251 | -6,964 | |
| Appropriation of the result | |||||
9906 |
-143,654 | -123,284 | -54,215 | -6,964 | |
14P |
-123,284 | -54,215 | -6,964 | - | |
| Social balance sheet | |||||
9087 |
0 | 0 | 0 | - | |
| Document | |||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-09-2026.
2025 annual accounts filed 60 days after the deadline. Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00538041.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 5,547 | 452 | 96 | - | ||
| 4.2m | 3.2m | 417,285 | 54,536 | ||
| -1.2% | -0.9% | 0.3% | 4.9% | ||
| 2.78 | 1.86 | 1.24 | 1.05 | ||
| 0.36 | 0.68 | 0.18 | 0.12 | ||
| - | - | - | 19.45 | ||
| - | - | -648.6% | -12.8% | ||
| -0.3% | -1.0% | -2.2% | -0.6% |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €3.1m | €2.0m | - | - |
| Mortgages, amount registered | €50,000 | €25,000 | - | - |
| €3.4m | €3.0m | - | - | |
| Carrying value of the mortgaged assets | €3.4m | €1.9m | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
The operating result for 2025 is a loss of €31,368, smaller than the loss of €47,414 in 2024.
Equity is negative. Debt (€6.7m) exceeds the balance-sheet total (€6.6m).
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of DW PROPERTIES. Every holding stands with its own latest accounts.
| DW PROPERTIES
registered office since 17-10-2014 · founded in 2014 |
total assets €63.8m (2025) 0564.809.521 |
| JACK'S IMMO
registered office since 02-08-2018 · founded in 2018 |
total assets €5.7m (2025) 0700.604.571 |
| DARC PROJECTS
registered office since 26-04-2023 · founded in 2023 |
total assets €5.0m (2025) 0801.179.022 |
| ARCHAROM
registered office since 28-09-2022 · founded in 2022 · negative equity (2025) |
total assets €3.6m (2025) 0791.549.296 |
| CA - DO
registered office since 22-01-1993 · founded in 1993 |
total assets €2.8m (2025) 0449.151.867 |
| STEBACO
registered office since 01-04-1999 · founded in 1998 |
total assets €1.5m (2025) 0464.981.673 |
| ÖZKAN & CO
registered office since 11-10-2012 · founded in 2012 |
total assets €1.0m (2025) 0849.510.459 |
| INOX FACTORY
registered office since 28-04-1999 · founded in 1999 |
total assets €909,655 (2025) 0465.651.468 |
| Studio Daskal Laperre
registered office since 02-02-2010 · founded in 2010 |
total assets €777,170 (2025) 0823.003.428 |
| LA CONCORDE PX
registered office since 04-12-1998 · founded in 1998 · negative equity (2025) |
total assets €315,058 (2025) 0464.751.150 |
| RENOVA-BATY via DW PROPERTIES, no longer at RENOVA-BATY · Director · deed of 03-10-2023 No longer active · founded in 1999 |
total assets €1,618 (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 17 March 2022, ARROM CONSTRUCT was incorporated as a public limited company by DW PROPERTIES SRL, with a starting capital of €61,500.12 DW PROPERTIES has served as director since 2022.3 Total assets went from €1.1m in 2022 to €6.6m in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Schilderachtige dreef 43 registered office 1180 Uccle | 17-03-2022 | 2.329.489.246 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21614H0054/03A004 | 378 m² | 1 · 83 m² | 11.0 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0783.545.907
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