ARS CONSTRUCT
Dissolution or liquidationSummary
The KBO register records for ARS CONSTRUCT the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €68,400 and a net result of €36,253.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-10-2021, 90 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
90 d late
2019
156 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 123 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€68,400▲ 113%
2019 · €32,147
Total assets
€164,060▲ 66.1%
2019 · €98,762
Net result
€36,253▲ 40.0%
2019 · €25,897
Working capital
€64,633▲ 167%
2019 · €24,194
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020
Operating result€29,275-€37,373▲ 27.7%
Net result€25,897-€36,253▲ 40.0%
Equity€32,147-€68,400▲ 113%
Total assets€98,762-€164,060▲ 66.1%
Debt€66,615-€95,660▲ 43.6%
Working capital€24,194-€64,633▲ 167%
Staff (FTE)0.1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2020; 2020 is 28% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €164,060
Fixed assets
€3,767 ▼ 52.6%
Current assets
€160,293 ▲ 76.5%
Equity and liabilities €164,060
Equity
€68,400 ▲ 113%
Debt
€95,660 ▲ 43.6%
Debt's share of the balance-sheet total falls from 67.5% to 58.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,139▲
2019 · €33,042
Cash flow
€40,019▲
2019 · €29,664
Current ratio
1.68▲
2019 · 1.36
ROE
53.0%▼
2019 · 80.6%
ROA
22.1%▼
2019 · 26.2%
Debt ≤ 1 year
€95,660▲
2019 · €66,615
Income taxes
€7,885▲
2019 · €6,659
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,767 | €3,766 | = |
| Gross operating margin9900 | €34,070 | €44,280 | ▲ 30.0% |
| Operating profit (loss)9901 | €29,275 | €37,373 | ▲ 27.7% |
| Recurring financial income75 | €3,560 | €7,041 | ▲ 97.8% |
| Recurring financial charges65 | €279 | €276 | ▼ 1.1% |
| Profit (loss) for the period before taxes9903 | €32,556 | €44,138 | ▲ 35.6% |
| Income taxes67/77 | €6,659 | €7,885 | ▲ 18.4% |
| Profit (loss) for the period9904 | €25,897 | €36,253 | ▲ 40.0% |
| Profit (loss) for the period to be appropriated9905 | €25,897 | €36,253 | ▲ 40.0% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €98,762 | €164,060 | ▲ 66.1% |
| Fixed assets21/28 | €7,953 | €3,767 | ▼ 52.6% |
| Tangible fixed assets22/27 | €7,533 | €3,767 | ▼ 50.0% |
| Financial fixed assets28 | €420 | - | - |
| Current assets29/58 | €90,809 | €160,293 | ▲ 76.5% |
| Amounts receivable within one year40/41 | €90,737 | €159,548 | ▲ 75.8% |
| Cash at bank and in hand54/58 | €72 | €672 | ▲ 833% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €98,762 | €164,060 | ▲ 66.1% |
| Equity10/15 | €32,147 | €68,400 | ▲ 113% |
| Contributions10/11 | €6,250 | €6,250 | = |
| Reserves13 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €24,037 | €60,290 | ▲ 151% |
| Amounts payable17/49 | €66,615 | €95,660 | ▲ 43.6% |
| Amounts payable within one year42/48 | €66,615 | €95,660 | ▲ 43.6% |
| Trade debts44 | €59,956 | €80,235 | ▲ 33.8% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €25,897 | €36,253 | ▲ 40.0% |
| + Depreciation and write-downs630 | €3,767 | €3,766 | = |
| Operating cash flow (approximation) | €29,664 | €40,019 | ▲ 34.9% |
| Investment in fixed assets (approximation) | - | €420 | - |
| Change in cash | - | €600 | - |
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
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 156 days late
NBB filing
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Etterbeek · 1 establishment unit since 2018
Ground area
762 m²
Building footprint
312 m²
Volume, LiDAR
3,143 m³
2 parcels, Brussels, Flanders · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
PRIMA CHÂSSIS
since 20182.298.936.919
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0328/00V005 | Brussels | 519 m² | 1 · 226 m² | 12.7 m · 4 fl. |
| 23045B0143/00P000 | Flanders | 242 m² | 1 · 86 m² | 11.9 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-11-2018
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.