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ARROW CONSTRUCT

Active
Private limited companyfounded 2017active for 9 yearsWaverse steenweg 1729, 1160 Oudergem, BelgiumKBO/BCE: BE 0673.967.876
Summary

The computed 12-month bankruptcy probability of ARROW CONSTRUCT is 14.7% (high). For ARROW CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €42,321 and a net result of €27,189. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 33,189 sector peers (NACE 43, financial year 2023). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Site preparation
NACE 43120
1 site
Size
€492,421turnover 2023
Equity
€42,321
Profit
€27,189
Financial health
Bankruptcy probabilitywithin 12 months
14.7%
2023 figures too old to score
Structure
Accounts 445 days overdue1 of 4 deeds read
Signalsraises riskFigures for financial year 2023 (filed 02-10-2024)2 financial years not filed after the legal deadline; latest accounts 61 days late; 2 of the last 3 late1 change of registered office in 24 monthsSize: turnover €492,421, total assets €209,240Two or more financial years not filedneutralFiled after the deadlineShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Average
Solvency 45+10
equity 20.2% of total assets
Liquidity 42+38
short-term debt 79.8% · cash 28.6%
Profitability 73+34
return on assets 13.0%
Bankruptcy probability, 12 months
14.7% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,580 companies, NACE 43, micro)
Last 24 months 11-2024: 2.4%lowest value 12-2024: 2.4%● unchanged vs 11-2024lowest value 01-2025: 2.4%● unchanged vs 12-2024lowest value 02-2025: 2.4%● unchanged vs 01-2025lowest value 03-2025: 2.5%▲ +0.1 percentage points vs 02-2025 04-2025: 2.5%● unchanged vs 03-2025 05-2025: 2.5%● unchanged vs 04-2025 06-2025: 3.4%▲ +0.9 percentage points vs 05-2025 07-2025: 3.3%▼ -0.1 percentage points vs 06-2025 08-2025: 4.2%▲ +0.9 percentage points vs 07-2025 09-2025: 5.4%▲ +1.2 percentage points vs 08-2025 10-2025: 9.3%▲ +3.9 percentage points vs 09-2025 11-2025: 9.4%▲ +0.1 percentage points vs 10-2025 12-2025: 10.5%▲ +1.1 percentage points vs 11-2025 01-2026: 12.2%▲ +1.7 percentage points vs 12-2025 02-2026: 12.2%● unchanged vs 01-2026 03-2026: 12.2%● unchanged vs 02-2026 04-2026: 11.4%▼ -0.8 percentage points vs 03-2026 05-2026: 11.4%● unchanged vs 04-2026 06-2026: 11.2%▼ -0.2 percentage points vs 05-2026 07-2026: 11.2%● unchanged vs 06-2026 08-2026: 13.7%▲ +2.5 percentage points vs 07-2026 09-2026: 13.7%● unchanged vs 08-2026 10-2026: 14.7%▲ +1.0 percentage point vs 09-2026highest value
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Signals

Six signals.
raises riskneutral
raises risk · Figures for financial year 2023 (filed 02-10-2024)
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline; latest accounts 61 days late; 2 of the last 3 late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Size: turnover €492,421, total assets €209,240
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline19-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
61 days late
2022
29 days late
2021
31 days late
2020
61 days late
2019
30 days 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 42 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Maeva Netoiu (director)Shareholding · Registered-office move ·…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Highest result from 2018 to 2023net €27,189 ▲2,222%

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 19 October 2026.

Turnover
€492,421▲ 65.9%
2022 · €296,857
EBIT margin
7.6%▲ 7.4pp
2022 · 0.2%
Net result
€27,189▲ 2,222%
2022 · €1,171
Working capital
€40,256▲ 199%
2022 · €13,466
Trend over the years

2019 to 2023, 5 financial years 2018 to 2023, 6 financial years

The operating result recovers in 2023; 2023 is 7,172% above 2022 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€492,421 2023 Operating result€37,249 2023 Net result€27,189 2023

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020202120222023
Turnover€480,809-€647,144▲ 34.6%€507,687▼ 21.5%€393,559▼ 22.5%€296,857▼ 24.6%€492,421▲ 65.9%
Operating result€498-€37,065▲ 7,337%€19,481▼ 47.4%€1,795▼ 90.8%€512▼ 71.5%€37,249▲ 7,172%
Net result€190-€1,038▲ 445%€12,413within the sector's middle half▲ 1,096%€438below the sector's middle half▼ 96.5%€1,171within the sector's middle half▲ 167%€27,189within the sector's middle half▲ 2,222%
EBIT margin0.1%-5.7%▲ 5.6pp3.8%▼ 1.9pp0.5%▼ 3.4pp0.2%▼ 0.3pp7.6%▲ 7.4pp
Equity-€12,327--€11,290▲ 8.4%€1,123below the sector's middle half€13,961below the sector's middle half▲ 1,143%€15,132below the sector's middle half▲ 8.4%€42,321within the sector's middle half▲ 180%
Total assets€133,149-€107,365▼ 19.4%€184,354within the sector's middle half▲ 71.7%€171,008within the sector's middle half▼ 7.2%€153,010within the sector's middle half▼ 10.5%€209,240within the sector's middle half▲ 36.7%
Debt€145,476-€118,654▼ 18.4%€183,231▲ 54.4%€157,047▼ 14.3%€137,878▼ 12.2%€166,919▲ 21.1%
Working capital-€28,419--€19,259▲ 32.2%-€4,284below the sector's middle half▲ 77.8%€10,239within the sector's middle half€13,466within the sector's middle half▲ 31.5%€40,256within the sector's middle half▲ 199%
Solvency-9.3%--10.5%▼ 1.3pp0.6%below the sector's middle half▲ 11.1pp8.2%below the sector's middle half▲ 7.6pp9.9%below the sector's middle half▲ 1.7pp20.2%below the sector's middle half▲ 10.3pp
Current ratio0.80-0.84▲ 0.030.98below the sector's middle half▲ 0.141.07below the sector's middle half▲ 0.091.10below the sector's middle half▲ 0.031.24within the sector's middle half▲ 0.14
Return on assets (ROA)0.1%-1.0%▲ 0.8pp6.7%within the sector's middle half▲ 5.8pp0.3%below the sector's middle half▼ 6.5pp0.8%below the sector's middle half▲ 0.5pp13.0%within the sector's middle half▲ 12.2pp
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €209,240
Fixed assets €2,065 ▲ 2.7%
Current assets €207,175 ▲ 37.2%
Equity and liabilities €209,240
Equity €42,321 ▲ 180%
Debt €166,919 ▲ 21.1%
Debt's share of the balance-sheet total falls from 90.1% to 79.8%. Equity and debt are higher.
Key figures and ratios
2023 value · change against 2022
EBITDA
€37,249▲
2022 · €2,198
Cash flow
€27,189▲
2022 · €2,856
Quick ratio
1.15▲
2022 · 1.06
Debt to equity
3.94▼
2022 · 9.11
ROE
64.2%▲
2022 · 7.7%
Interest coverage
over 100▲
2022 · 3.25
Debt ≤ 1 year
€166,919▲
2022 · €137,533
Income taxes
€11,707▲
2022 · €85
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 48 lines
Balance sheet Code20222023
Assets
Total assets20/58€153,010€209,240▲
Fixed assets21/28€2,011€2,065▲
Tangible fixed assets22/27€1,611€1,611=
Furniture and vehicles24€1,611€1,611=
Financial fixed assets28€400€454▲
Current assets29/58€150,999€207,175▲
Stocks and contracts in progress3€4,946€15,338▲
Stocks30/36€4,946€15,338▲
Amounts receivable within one year40/41€140,296€130,851▼
Trade receivables40€57,448€54,286▼
Other amounts receivable41€82,848€76,565▼
Cash at bank and in hand54/58€4,818€59,787▲
Deferred charges and accrued income490/1€939€1,198▲
Equity and liabilities
Total equity and liabilities10/49€153,010€209,240▲
Equity10/15€15,132€42,321▲
Contributions10/11€18,600€18,600=
Capital10€18,600€18,600=
Issued capital100€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Legal reserve130€1,860€1,860=
Profit (loss) carried forward14-€5,328€21,861▲
Amounts payable17/49€137,878€166,919▲
Amounts payable within one year42/48€137,533€166,919▲
Trade debts44€96,897€137,878▲
Suppliers440/4€96,897€137,878▲
Taxes, remuneration and social security45€4,560€11,445▲
Taxes450/3€4,560€11,445▲
Other amounts payable47/48€36,076€17,596▼
Accrued charges and deferred income492/3€345€0▼
Income statement Code20222023
Turnover70€296,857€492,421▲
Non-recurring operating income76A-€4,786
Goods, raw materials, services and sundry goods60/61€307,519€426,672▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,685€0▼
Other operating charges640/8€968€1,200▲
Non-recurring operating charges66A€1,976€2,088▲
Gross operating margin9900€5,142€40,536▲
Operating profit (loss)9901€512€37,249▲
Financial income75/76B€1,419€1,994▲
Recurring financial income75€1,419€1,994▲
Financial charges65/66B€676€346▼
Recurring financial charges65€676€346▼
Profit (loss) for the period before taxes9903€1,256€38,896▲
Income taxes67/77€85€11,707▲
Profit (loss) for the period9904€1,171€27,189▲
Profit (loss) for the period to be appropriated9905€1,171€27,189▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5,328€21,861▲
Profit (loss) brought forward from the previous period14P-€6,499-€5,328▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201820192020202120222023Change
Turnover70€480,809€647,144€507,687€393,559€296,857€492,421▲ 65.9%
Non-recurring operating income76A-----€4,786-
Goods, raw materials, services and sundry goods60/61---€393,107€307,519€426,672▲ 38.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,233€4,400€1,382€1,942€1,685€0▼ 100%
Other operating charges640/8---€1,438€968€1,200▲ 23.9%
Non-recurring operating charges66A---€1,873€1,976€2,088▲ 5.6%
Gross operating margin9900€9,761€43,404€24,964€7,049€5,142€40,536▲ 688%
Operating profit (loss)9901€498€37,065€19,481€1,795€512€37,249▲ 7,172%
Financial income75/76B---€603€1,419€1,994▲ 40.5%
Recurring financial income75€37€24€994€603€1,419€1,994▲ 40.5%
Financial charges65/66B---€168€676€346▼ 48.7%
Recurring financial charges65€345€823€2,277€168€676€346▼ 48.7%
Profit (loss) for the period before taxes9903€190€1,112€18,313€2,230€1,256€38,896▲ 2,997%
Income taxes67/77--€5,900€1,793€85€11,707▲ 13,669%
Profit (loss) for the period9904€190€1,038€12,413€438€1,171€27,189▲ 2,222%
Profit (loss) for the period to be appropriated9905€190€1,038€12,413€438€1,171€27,189▲ 2,222%
Line201820192020202120222023Change
Assets
Total assets20/58€133,149€107,365€184,354€171,008€153,010€209,240▲ 36.7%
Fixed assets21/28€16,092€8,025€5,407€3,721€2,011€2,065▲ 2.7%
Tangible fixed assets22/27€12,467€4,400€4,982€3,296€1,611€1,611=
Furniture and vehicles24---€3,296€1,611€1,611=
Financial fixed assets28€3,625€3,625€425€425€400€454▲ 13.6%
Current assets29/58€117,057€99,340€178,947€167,287€150,999€207,175▲ 37.2%
Stocks and contracts in progress3€12,144€16,421-€1,100€4,946€15,338▲ 210%
Stocks30/36---€1,100€4,946€15,338▲ 210%
Amounts receivable within one year40/41€102,769€79,840€151,476€153,899€140,296€130,851▼ 6.7%
Trade receivables40---€54,647€57,448€54,286▼ 5.5%
Other amounts receivable41---€99,253€82,848€76,565▼ 7.6%
Cash at bank and in hand54/58€2,106€3,079€26,973€11,047€4,818€59,787▲ 1,141%
Deferred charges and accrued income490/1---€1,241€939€1,198▲ 27.5%
Equity and liabilities
Total equity and liabilities10/49€133,149€107,365€184,354€171,008€153,010€209,240▲ 36.7%
Equity10/15-€12,327-€11,290€1,123€13,961€15,132€42,321▲ 180%
Contributions10/11€6,200€6,200€6,200€18,600€18,600€18,600=
Capital10---€18,600€18,600€18,600=
Issued capital100---€18,600€18,600€18,600=
Reserves13--€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1---€1,860€1,860€1,860=
Legal reserve130---€1,860€1,860€1,860=
Profit (loss) carried forward14-€18,527-€17,490-€6,937-€6,499-€5,328€21,861-
Amounts payable17/49€145,476€118,654€183,231€157,047€137,878€166,919▲ 21.1%
Amounts payable within one year42/48€145,476€118,598€183,231€157,047€137,533€166,919▲ 21.4%
Trade debts44€72,772€111,761€133,800€110,318€96,897€137,878▲ 42.3%
Suppliers440/4---€110,318€96,897€137,878▲ 42.3%
Taxes, remuneration and social security45---€7,716€4,560€11,445▲ 151%
Taxes450/3---€7,716€4,560€11,445▲ 151%
Other amounts payable47/48---€39,014€36,076€17,596▼ 51.2%
Accrued charges and deferred income492/3----€345€0▼ 100%
Line201820192020202120222023Change
Profit (loss) for the period9904€190€1,038€12,413€438€1,171€27,189▲ 2,222%
+ Depreciation and write-downs630€6,233€4,400€1,382€1,942€1,685€0▼ 100%
Operating cash flow (approximation)€6,424€5,438€13,795€2,380€2,856€27,189▲ 852%
Investment in fixed assets (approximation)-€3,667€1,236-€257€25-€54-
Change in cash-€974€23,894-€15,926-€6,229€54,970-

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

Download as CSV

Filings with the National Bank (7)
Financial year Type Filed Reference
31-12-2023 micro format 30-09-2024 2024-00485319
31-12-2022 micro format 29-08-2023 2023-00428192
31-12-2021 micro format 31-08-2022 2022-20421728
31-12-2020 micro format 30-09-2021 2021-71200245
31-12-2019 micro format 30-08-2020 2020-48700018
31-12-2018 micro format 27-09-2019 2019-66800199
31-12-2017 micro format 31-08-2018 2018-62200177

Similar companies · same sector, comparable size

Of the 8,329 active companies whose main activity is site preparation (NACE 43120), figures are known for 3,277. 2,465 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.

Directors

Directors
No directors read yet: 1 of 4 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

ARROW CONSTRUCT was incorporated on 6 April 2017.1 The registered office was moved to Auderghem in 2025.2 Turnover went from €480,809 in 2018 to €492,421 in 2023.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 23-05-2025
  3. 3National Bank, annual accounts 2018 and 2023

Acts, filings and financial milestones

2025
23-05
Gazette deed Resignation: Maeva Netoiu (director)
Shareholding · Registered-office move · Director discharge5 facts ▸
  • General meeting, 12-05-2025
  • Shareholding, 12-05-2025, 90
  • Registered-office move, Chaussée de Wavre 1729-1160 Auderghem
  • Director resignation, Maeva Netoiu (director)
  • Director discharge, Maeva Netoiu (director)
2024
30-09
NBB filing Annual accounts filed
financial year 2023 · micro format · 61 days late
2023
31-12
Financial Highest result from 2018 to 2023net €27,189 ▲2,222%
Operating result €37,249, net result €27,189, both a record.
29-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 29 days late
2022
31-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 31 days late
2021
30-09
NBB filing Annual accounts filed
financial year 2020 · micro format · 61 days late
2020
30-08
NBB filing Annual accounts filed
financial year 2019 · micro format · 30 days late
2019
27-09
NBB filing Annual accounts filed
financial year 2018 · micro format · 58 days late
2018
31-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 31 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 4 deeds read
About the unread acts

Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded06-04-2017
Financial year end31-12
Activities, NACEBEL 2025
43120Site preparation
43310Plastering work
43320Joinery installation
43341Painting of buildings
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0673967876
Also 9925:BE0673967876
Registered 27-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 18 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

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, with enterprise number 0673.967.876

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Oudergem · 1 establishment unit since 2018
registered office establishment The establishment unit on the map
Ground area
1,113 m²
Building footprint
792 m²
Building volume
5,599 m³
2 parcels, Brussels · tallest building 15.6 m. Linked by address, not a title deed.
1 establishment unit
Trooststraat 113, 1030 Schaarbeek
Site preparation
since 2018unit no. 2.274.377.905
2 parcels
Brussels 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
21332B0352/00M000 Brussels 961 m² 1 · 643 m² 12.1 m · 2
21906D0075/00M003 Brussels 151 m² 1 · 149 m² 15.6 m · 4
How the parcels are linked
Good to know
Both parcels match the address exactly.