ARROWING
Annual accounts 2025
micro format, filed on 29-09-2025, 32 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Money flows
no detail for 2025Balance sheet
balance sheet total €890,144 on 31-03-2025in euro
in euro
Position in the sector
28.5%
Higher than 37% of 825 companies in 2025.
0.12
Lower than 95% of 759 companies in 2025.
-2.7%
Higher than 29% of 781 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
890,144 | 919,379 | 965,365 | 1.0m | 1.1m | 1.2m | 1.1m | 1.1m | 368,971 | 381,010 | 396,516 | 503,946 | 479,402 | 482,952 | 541,017 | 476,869 | 633,890 | 179,595 | |
21/28 |
813,146 | 860,336 | 948,943 | 994,955 | 1.0m | 1.1m | 1.1m | 1.0m | 366,085 | 379,822 | 395,767 | 421,686 | 447,994 | 474,179 | 498,432 | 462,444 | 475,443 | 32,779 | |
22/27 |
813,146 | 860,336 | 948,943 | 994,955 | 1.0m | 1.1m | 1.1m | 1.0m | 366,085 | 379,822 | 395,767 | 421,686 | 447,994 | 474,179 | 498,432 | 462,444 | 475,443 | 32,779 | |
22 |
764,574 | 807,385 | 901,196 | 938,226 | 981,848 | 987,184 | 988,909 | 954,359 | 314,115 | 326,059 | 340,157 | 354,255 | 368,352 | 382,450 | 396,547 | 399,671 | 398,174 | - | |
23 |
- | - | - | - | - | 1,148 | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
825 | 5,204 | - | 0 | 961 | 975 | 5,840 | 15,264 | - | - | 54 | 10,082 | 20,500 | 30,793 | 42,696 | 19,723 | 34,219 | 32,779 | |
25 |
- | - | 0 | 8,982 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
47,747 | 47,747 | 47,747 | 47,747 | 47,747 | 47,747 | 49,540 | 51,334 | 51,970 | 53,763 | 55,556 | 57,349 | 59,142 | 60,936 | 59,189 | 43,050 | 43,050 | - | |
29/58 |
76,998 | 59,043 | 16,422 | 19,258 | 35,131 | 96,436 | 31,683 | 84,187 | 2,886 | 1,188 | 749 | 82,260 | 31,408 | 8,773 | 42,585 | 14,425 | 158,447 | 146,816 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,704 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,704 | |
40/41 |
39,460 | 39,457 | 16,378 | 16,435 | 155 | 77,357 | 28,678 | 70,642 | 1,886 | 767 | 749 | 82,260 | 30,470 | 4,572 | 40,585 | 9,525 | 16,620 | 71,979 | |
40 |
16,378 | 16,378 | 16,378 | 16,435 | - | 76,341 | 26,243 | 57,411 | 749 | 749 | 749 | 82,260 | 30,000 | - | 40,585 | 7,397 | 4,492 | 56,979 | |
41 |
23,082 | 23,079 | - | - | 155 | 1,016 | 2,435 | 13,231 | 1,136 | 17 | - | - | 470 | 4,572 | - | 2,128 | 12,128 | 15,000 | |
54/58 |
37,537 | 19,585 | 44 | 2,823 | 33,819 | 16,922 | 1,533 | 13,423 | 1,000 | 47 | - | - | 938 | 4,201 | 2,000 | 4,900 | 9,894 | 54,133 | |
490/1 |
- | - | - | 0 | 1,157 | 2,156 | 1,472 | 122 | - | 374 | - | - | - | - | - | - | 131,933 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
890,144 | 919,379 | 965,365 | 1.0m | 1.1m | 1.2m | 1.1m | 1.1m | 368,971 | 381,010 | 396,516 | 503,946 | 479,402 | 482,952 | 541,017 | 476,869 | 633,890 | 179,595 | |
10/15 |
253,928 | 278,296 | 307,430 | 361,456 | 438,835 | 404,184 | 421,922 | 431,818 | -42,252 | 724 | 27,770 | 25,367 | 44,511 | 102,468 | 121,484 | 84,924 | 124,396 | 78,699 | |
10/11 |
392,783 | 392,783 | 392,783 | 392,783 | 392,783 | - | 392,783 | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
10 |
- | - | - | - | - | - | - | 392,783 | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | - | - | - | 398,983 | 398,983 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
11 |
- | - | - | - | - | 392,783 | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 392,783 | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
111,859 | 111,859 | 111,859 | 111,859 | 111,859 | 111,859 | 111,859 | 111,859 | 5,600 | 5,600 | 5,600 | 5,600 | 5,600 | 5,600 | 5,600 | 5,600 | 5,600 | 3,315 | |
130/1 |
15,252 | 15,252 | 15,252 | 15,252 | 15,252 | 15,252 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 15,252 | 15,252 | 5,600 | 5,600 | 5,600 | 5,600 | 5,600 | 5,600 | 5,600 | 5,600 | 5,600 | 3,315 | |
1311 |
15,252 | 15,252 | 15,252 | 15,252 | 15,252 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | 15,252 | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | - | - | - | - | - | - | - | - | - | - | |
133 |
95,406 | 95,406 | 95,406 | 95,406 | 95,406 | 95,406 | 95,406 | 95,407 | - | - | - | - | - | - | - | - | - | - | |
14 |
-250,714 | -226,346 | -197,212 | -143,186 | -65,807 | -100,458 | -82,720 | -72,824 | -60,252 | -17,275 | 9,770 | 7,367 | 26,511 | 84,468 | 103,484 | 66,924 | 106,396 | 62,984 | |
17/49 |
636,216 | 641,083 | 657,935 | 652,756 | 644,816 | 756,252 | 689,978 | 673,326 | 411,223 | 380,286 | 368,746 | 478,579 | 434,891 | 380,484 | 419,533 | 391,945 | 509,494 | 100,896 | |
17 |
- | - | 0 | 1,369 | 9,488 | 17,447 | 25,250 | - | - | 163,908 | 183,669 | 203,951 | 226,899 | 250,026 | 274,849 | 269,692 | 407,539 | 18,251 | |
170/4 |
- | - | 0 | 1,369 | 9,488 | 17,447 | 25,250 | - | - | 163,908 | 183,669 | 203,951 | 226,899 | 250,026 | 274,849 | 269,692 | 407,539 | 18,251 | |
42/48 |
636,216 | 640,789 | 656,251 | 649,899 | 635,329 | 738,805 | 664,728 | 673,326 | 411,223 | 214,367 | 181,613 | 265,946 | 205,612 | 129,028 | 142,100 | 121,484 | 101,774 | 82,502 | |
42 |
- | 0 | 1,369 | 8,119 | 9,925 | 7,803 | 7,650 | - | - | 49,025 | 30,577 | 24,882 | 24,496 | 23,522 | 22,458 | 23,734 | 40,432 | 9,251 | |
43 |
- | - | - | - | - | - | - | - | - | 1 | 19,388 | 21,821 | 6,120 | 41,712 | 3,850 | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | 1 | 19,388 | 21,821 | 6,120 | 41,712 | 3,850 | - | - | - | |
44 |
16,332 | 10,888 | 21,080 | 9,746 | 11,005 | 86,732 | 21,351 | 9,533 | 9,019 | 26,502 | 12,724 | 43,472 | 50,755 | 48,739 | 36,739 | 14,662 | 30,051 | 19,691 | |
440/4 |
16,332 | 10,888 | 21,080 | 9,746 | 11,005 | 86,732 | 21,351 | 9,533 | 9,019 | 26,502 | 12,724 | 43,472 | 50,755 | 48,739 | 36,739 | 14,662 | 30,051 | 19,691 | |
45 |
23,860 | 33,085 | 32,667 | 34,016 | 18,392 | 6,548 | 22,967 | 30,071 | 1,177 | 4,612 | 27,377 | 1,945 | 705 | 402 | 31,027 | 66 | 31,291 | 49,837 | |
450/3 |
23,860 | 33,085 | 32,667 | 34,016 | 18,392 | 6,548 | 22,967 | 30,071 | 1,177 | 4,612 | 27,377 | 1,945 | 705 | 402 | 31,027 | 66 | 29,691 | 49,837 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,600 | - | |
47/48 |
596,024 | 596,817 | 601,136 | 598,018 | 596,007 | 637,721 | 612,760 | 633,722 | 401,027 | 134,227 | 91,547 | 173,826 | 123,536 | 14,653 | 48,026 | 83,022 | - | 3,723 | |
492/3 |
0 | 294 | 1,684 | 1,489 | - | - | - | - | - | 2,011 | 3,464 | 8,682 | 2,380 | 1,430 | 2,584 | 769 | 181 | 143 | |
| Income statement | |||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | 8,101 | - | - | - | - | - | - | 225,159 | 278,220 | |
76A |
0 | 28,154 | 1,710 | 0 | - | 8,000 | - | 7,124 | - | 1,454 | - | - | - | - | - | - | - | 6,750 | |
9900 |
-14,701 | 25,706 | 7,430 | -11,910 | 57,530 | 102,468 | 99,294 | 167,872 | -17,975 | -11,144 | 42,320 | 31,367 | -7,816 | 29,965 | 120,201 | 27,484 | 117,925 | 108,608 | |
60/61 |
- | - | - | - | - | - | - | - | - | 19,244 | - | - | - | - | - | - | 164,879 | 191,599 | |
630 |
47,190 | 46,365 | 52,904 | 53,565 | 64,237 | 57,365 | 66,067 | 31,186 | 16,234 | 15,945 | 25,919 | 26,309 | 26,520 | 27,794 | 32,719 | 28,445 | 33,289 | 12,160 | |
631/4 |
-43,985 | - | - | - | - | - | - | - | - | - | 3,568 | - | - | - | - | - | - | - | |
640/8 |
5,477 | 5,153 | 4,785 | 5,057 | 2,968 | 8,341 | 3,603 | 8,559 | 6,851 | 307 | 3,172 | 1,350 | 3,098 | 3,938 | 4,687 | 1,924 | 4,151 | 2,436 | |
66A |
- | - | - | - | - | - | - | 3,400 | - | - | - | - | - | - | 5,696 | - | - | - | |
9901 |
-23,383 | -25,812 | -50,259 | -70,532 | -9,675 | 36,761 | 29,624 | 124,727 | -41,060 | -27,395 | 9,661 | 3,708 | -37,434 | -1,767 | 82,795 | -2,885 | 80,485 | 94,012 | |
75/76B |
122 | 91 | 0 | 2 | 52,175 | 129 | 187 | - | - | - | 22 | 126 | 13 | 100 | 90 | 349 | 1,582 | 1,442 | |
75 |
122 | 91 | 0 | 2 | 52,175 | 129 | 187 | - | - | - | 22 | 126 | 13 | 100 | 90 | 349 | 1,582 | 1,442 | |
65/66B |
485 | 2,805 | 3,139 | 6,216 | 1,434 | 53,827 | 33,831 | 1,280 | 1,917 | 852 | 7,026 | 22,774 | 20,267 | 19,238 | 18,292 | 16,919 | 6,574 | 1,561 | |
65 |
485 | 2,805 | 3,139 | 6,216 | 1,434 | 53,827 | 33,831 | 1,280 | 1,917 | 852 | 7,026 | 22,774 | 20,267 | 19,238 | 18,292 | 16,919 | 6,574 | 1,561 | |
9903 |
-23,746 | -28,526 | -53,399 | -76,746 | 41,066 | -16,937 | -4,021 | 123,447 | -42,976 | -26,793 | 2,657 | -18,940 | -57,688 | -20,905 | 58,897 | -19,455 | 75,493 | 100,643 | |
67/77 |
622 | 608 | 628 | 633 | 6,415 | 801 | 5,876 | 6,259 | - | 252 | 254 | 203 | 269 | -1,889 | 18,337 | 17 | 29,796 | 34,344 | |
9904 |
-24,368 | -29,134 | -54,026 | -77,378 | 34,651 | -17,738 | -9,896 | 117,188 | -42,976 | -27,045 | 2,403 | -19,143 | -57,957 | -19,016 | 40,560 | -19,472 | 45,697 | 66,299 | |
9905 |
-24,368 | -29,134 | -54,026 | -77,378 | 34,651 | -17,738 | -9,896 | 117,188 | -42,976 | -27,045 | 2,403 | -19,143 | -57,957 | -19,016 | 40,560 | -19,472 | 45,697 | 66,299 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
-250,714 | -226,346 | -197,212 | -143,186 | -65,807 | -100,458 | -82,720 | -72,824 | -60,252 | -17,275 | 9,770 | 7,367 | 26,511 | 84,468 | 107,484 | 86,924 | 108,681 | 66,299 | |
14P |
-226,346 | -197,212 | -143,186 | -65,807 | - | - | - | -190,012 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,285 | 3,315 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,285 | 3,315 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,000 | 20,000 | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,000 | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,000 | - | - | - | |
| Document | |||||||||||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-09-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 29-09-2025 | 2025-00527595 | |
| 31-03-2024 | micro format | 30-10-2024 | 2024-00526620 | |
| 31-03-2023 | micro format | 30-11-2023 | 2023-00521115 | |
| 31-03-2022 | micro format | 30-11-2023 | 2023-00521116 | |
| 31-03-2021 | micro format | 03-11-2021 | 2021-76400495 | |
| 31-03-2020 | micro format | 30-11-2020 | 2020-73300424 | |
| 31-03-2019 | micro format | 31-10-2019 | 2019-73200294 | |
| 31-03-2018 | micro format | 31-10-2018 | 2018-71300528 | |
| 31-03-2017 | abbreviated format | 31-10-2017 | 2017-68800071 | |
| 31-03-2016 | abbreviated format | 05-08-2016 | 2016-40600368 | |
| 31-03-2015 | abbreviated format | 30-09-2015 | 2015-63000111 | |
| 31-03-2014 | abbreviated format | 02-10-2014 | 2014-62900034 | |
| 31-03-2013 | abbreviated format | 07-10-2013 | 2013-62200393 | |
| 31-03-2012 | abbreviated format | 19-12-2012 | 2012-66900132 | |
| 31-03-2011 | abbreviated format | 12-11-2011 | 2011-60700190 | |
| 31-03-2010 | abbreviated format | 14-10-2010 | 2010-58000033 | |
| 31-03-2009 | abbreviated format | 17-11-2009 | 2009-85400061 | |
| 31-03-2008 | abbreviated format | 28-11-2008 | 2008-83500300 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23,807 | 20,553 | 2,645 | -16,967 | 54,562 | 94,126 | 95,691 | 155,913 | -24,826 | -11,451 | 35,580 | 30,017 | -10,914 | 26,027 | 115,514 | 25,560 | 113,774 | 106,172 | ||
| 22,822 | 17,231 | -1,122 | -23,813 | 98,888 | 39,627 | 56,171 | 148,374 | -26,742 | -11,100 | 28,322 | 7,166 | -31,437 | 8,778 | 73,279 | 8,973 | 78,986 | 78,459 | ||
| 0 | 53,667 | 6,892 | 0 | 48,757 | 41,148 | 125,327 | 354,558 | 2,497 | -0 | 0 | 1 | 335 | 3,541 | 81,061 | 15,446 | 481,243 | 44,939 | ||
| 17,952 | 19,541 | -2,779 | -30,996 | 16,897 | 15,389 | -11,890 | 12,423 | 953 | - | - | - | -3,263 | 2,201 | -2,900 | -4,994 | -44,239 | - | ||
| -559,218 | -581,747 | -639,829 | -630,641 | -600,198 | -642,369 | -633,044 | -589,139 | -408,337 | -213,179 | -180,864 | -183,686 | -174,204 | -120,255 | -99,515 | -107,059 | 56,673 | 64,314 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 35.7% | 33.8% | ||
| 28.5% | 30.3% | 31.8% | 35.6% | 40.5% | 34.8% | 37.9% | 39.1% | -11.5% | 0.2% | 7.0% | 5.0% | 9.3% | 21.2% | 22.5% | 17.8% | 19.6% | 43.8% | ||
| 0.12 | 0.09 | 0.03 | 0.03 | 0.06 | 0.13 | 0.05 | 0.13 | 0.01 | 0.01 | 0.00 | 0.31 | 0.15 | 0.07 | 0.30 | 0.12 | 1.56 | 1.78 | ||
| 0.12 | 0.09 | 0.03 | 0.03 | 0.06 | 0.13 | 0.05 | 0.13 | 0.01 | 0.01 | 0.00 | 0.31 | 0.15 | 0.07 | 0.30 | 0.12 | 1.56 | 1.53 | ||
| 2.51 | 2.30 | 2.14 | 1.81 | 1.47 | 1.87 | 1.64 | 1.56 | - | - | 13.28 | 18.87 | 9.77 | 3.71 | 3.45 | 4.62 | 4.10 | 1.28 | ||
| -9.6% | -10.5% | -17.6% | -21.4% | 7.9% | -4.4% | -2.3% | 27.1% | - | - | 8.7% | -75.5% | -130.2% | -18.6% | 33.4% | -22.9% | 36.7% | 84.2% | ||
| -2.7% | -3.2% | -5.6% | -7.6% | 3.2% | -1.5% | -0.9% | 10.6% | -11.6% | -7.1% | 0.6% | -3.8% | -12.1% | -3.9% | 7.5% | -4.1% | 7.2% | 36.9% | ||
| 49.05 | 7.33 | 0.84 | -2.73 | - | - | - | over 100 | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | 34 days | - | - | - | - | - | - | 7 days | 75 days | ||
| - | - | - | - | - | - | - | - | - | 503 days | - | - | - | - | - | - | 67 days | 38 days |
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.
Investments
fixed assets acquired| Item | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €53,667 | €6,892 | - |
| €47,190 | €46,365 | €52,904 | €53,565 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on ARROWING
The operating result for 2025 is a loss of €23,383, smaller than the loss of €25,812 in 2024.
Debt's share of the balance-sheet total rises from 69.7% to 71.5%. Equity and debt are lower.