ARSA CONSTRUCT
ActiveSummary
ARSA CONSTRUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €342,981 and a net result of €7,182. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 84% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.49 against 0.76 in 2024; short-term debt: 5.9% and cash: 13.2% of total assets), and 13.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.2%
Return on assets
1.8%
Age of the figures
9 mo
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 12-07-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
1 d early
2023
1 d early
2022
119 d late
2021
61 d late
2020
29 d early
2019
65 d early
← 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 9 days after the deadline; the sector median for financial year 2024 is 9 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€342,981▲ 2.1%
2024 · €335,799
Total assets
€397,998▼ 5.6%
2024 · €421,822
Net result
€7,182▼ 55.3%
2024 · €16,081
Working capital
€34,767
2024 · -€8,550
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€107,387▼ 9.7%€108,612▲ 1.1%€83,231▼ 23.4%€26,729▼ 67.9%€24,859▼ 7.0%
Net result€63,768within the sector's middle half▼ 12.2%€70,599within the sector's middle half▲ 10.7%€46,417within the sector's middle half▼ 34.3%€16,081within the sector's middle half▼ 65.4%€7,182within the sector's middle half▼ 55.3%
Equity€218,783within the sector's middle half▲ 41.1%€289,382within the sector's middle half▲ 32.3%€335,799above the sector's middle half▲ 16.0%€335,799above the sector's middle half=€342,981above the sector's middle half▲ 2.1%
Total assets€557,944within the sector's middle half▼ 2.5%€557,148within the sector's middle half▼ 0.1%€392,137within the sector's middle half▼ 29.6%€421,822within the sector's middle half▲ 7.6%€397,998within the sector's middle half▼ 5.6%
Debt€339,161▼ 18.7%€267,766▼ 21.1%€56,338▼ 79.0%€86,023▲ 52.7%€55,017▼ 36.0%
Working capital-€62,006within the sector's middle half▼ 6.0%-€58,047within the sector's middle half▲ 6.4%-€5,103below the sector's middle half▲ 91.2%-€8,550below the sector's middle half▼ 67.5%€34,767within the sector's middle half
Solvency39.2%within the sector's middle half▲ 12.1pp51.9%within the sector's middle half▲ 12.7pp85.6%above the sector's middle half▲ 33.7pp79.6%above the sector's middle half▼ 6.0pp86.2%above the sector's middle half▲ 6.6pp
Current ratio0.45below the sector's middle half▼ 0.030.52below the sector's middle half▲ 0.060.84below the sector's middle half▲ 0.320.76below the sector's middle half▼ 0.082.49within the sector's middle half▲ 1.73
Return on assets (ROA)11.4%within the sector's middle half▼ 1.3pp12.7%within the sector's middle half▲ 1.2pp11.8%within the sector's middle half▼ 0.8pp3.8%within the sector's middle half▼ 8.0pp1.8%below the sector's middle half▼ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 7% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €397,998
Fixed assets
€339,836 ▼ 14.0%
Current assets
€58,162 ▲ 118%
Equity and liabilities €397,998
Equity
€342,981 ▲ 2.1%
Debt
€55,017 ▼ 36.0%
Debt's share of the balance-sheet total falls from 20.4% to 13.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34,432▼
2024 · €36,675
Cash flow
€16,755▼
2024 · €26,027
Debt to equity
0.16▼
2024 · 0.26
ROE
2.1%▼
2024 · 4.8%
Interest coverage
22.92▲
2024 · 13.39
Debt ≤ 1 year
€23,395▼
2024 · €35,241
Debt > 1 year
€31,622▼
2024 · €41,449
Income taxes
€16,319▲
2024 · €8,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,641 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,844 | €11,844 | €12,206 | €9,946 | €9,573 | ▼ 3.8% |
| Other operating charges640/8 | €1,549 | €1,185 | €1,641 | €4,191 | €1,135 | ▼ 72.9% |
| Gross operating margin9900 | €120,781 | €121,641 | €97,078 | €40,866 | €35,567 | ▼ 13.0% |
| Operating profit (loss)9901 | €107,387 | €108,612 | €83,231 | €26,729 | €24,859 | ▼ 7.0% |
| Financial income75/76B | - | - | - | €91 | €144 | ▲ 58.2% |
| Recurring financial income75 | - | - | - | €91 | €144 | ▲ 58.2% |
| Financial charges65/66B | €17,272 | €14,013 | €11,460 | €2,739 | €1,502 | ▼ 45.2% |
| Recurring financial charges65 | €17,272 | €14,013 | €11,460 | €2,739 | €1,502 | ▼ 45.2% |
| Profit (loss) for the period before taxes9903 | €90,116 | €94,599 | €71,771 | €24,081 | €23,501 | ▼ 2.4% |
| Income taxes67/77 | €26,348 | €24,000 | €25,354 | €8,000 | €16,319 | ▲ 104% |
| Profit (loss) for the period9904 | €63,768 | €70,599 | €46,417 | €16,081 | €7,182 | ▼ 55.3% |
| Profit (loss) for the period to be appropriated9905 | €63,768 | €70,599 | €46,417 | €16,081 | €7,182 | ▼ 55.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €557,944 | €557,148 | €392,137 | €421,822 | €397,998 | ▼ 5.6% |
| Fixed assets21/28 | €506,765 | €495,121 | €366,075 | €395,131 | €339,836 | ▼ 14.0% |
| Tangible fixed assets22/27 | €31,815 | €20,171 | €9,862 | €38,918 | €33,624 | ▼ 13.6% |
| Land and buildings22 | - | - | - | - | €4,072 | - |
| Furniture and vehicles24 | €31,815 | €20,171 | €9,862 | €38,918 | €29,552 | ▼ 24.1% |
| Financial fixed assets28 | €474,950 | €474,950 | €356,213 | €356,213 | €306,212 | ▼ 14.0% |
| Current assets29/58 | €51,179 | €62,027 | €26,062 | €26,691 | €58,162 | ▲ 118% |
| Amounts receivable within one year40/41 | €21,401 | €40,698 | €19,645 | €18,862 | €3,233 | ▼ 82.9% |
| Trade receivables40 | €19,735 | €22,458 | €18,762 | €16,335 | €565 | ▼ 96.5% |
| Other amounts receivable41 | €1,666 | €18,240 | €883 | €2,527 | €2,668 | ▲ 5.6% |
| Cash at bank and in hand54/58 | €29,778 | €21,329 | €6,417 | €7,829 | €52,505 | ▲ 571% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,424 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €557,944 | €557,148 | €392,137 | €421,822 | €397,998 | ▼ 5.6% |
| Equity10/15 | €218,783 | €289,382 | €335,799 | €335,799 | €342,981 | ▲ 2.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €198,323 | €268,922 | €315,339 | €315,339 | €322,521 | ▲ 2.3% |
| Amounts payable17/49 | €339,161 | €267,766 | €56,338 | €86,023 | €55,017 | ▼ 36.0% |
| Amounts payable after more than one year17 | €221,949 | €143,665 | €17,000 | €41,449 | €31,622 | ▼ 23.7% |
| Financial debts170/4 | €221,949 | €143,665 | €17,000 | €41,449 | €31,622 | ▼ 23.7% |
| Amounts payable within one year42/48 | €113,185 | €120,074 | €31,165 | €35,241 | €23,395 | ▼ 33.6% |
| Current portion of amounts payable after more than one year42 | €78,131 | €78,284 | €7,927 | €9,436 | €9,827 | ▲ 4.1% |
| Financial debts43 | €13,534 | - | €13,428 | - | - | - |
| Credit institutions430/8 | €13,534 | - | €13,428 | - | - | - |
| Trade debts44 | €5,674 | €5,348 | €7,515 | €6,713 | €8,644 | ▲ 28.8% |
| Suppliers440/4 | €5,674 | €5,348 | €7,515 | €6,713 | €8,644 | ▲ 28.8% |
| Taxes, remuneration and social security45 | €15,847 | €36,442 | €2,295 | €3,011 | €4,924 | ▲ 63.5% |
| Taxes450/3 | €10,560 | €36,442 | €2,295 | €3,011 | €4,924 | ▲ 63.5% |
| Remuneration and social security454/9 | €5,287 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €16,081 | - | - |
| Accrued charges and deferred income492/3 | €4,027 | €4,027 | €8,173 | €9,333 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,768 | €70,599 | €46,417 | €16,081 | €7,182 | ▼ 55.3% |
| + Depreciation and write-downs630 | €11,844 | €11,844 | €12,206 | €9,946 | €9,573 | ▼ 3.8% |
| Operating cash flow (approximation) | €75,612 | €82,443 | €58,623 | €26,027 | €16,755 | ▼ 35.6% |
| Investment in fixed assets (approximation) | - | -€200 | €116,840 | -€39,002 | €45,722 | ▲ 217% |
| Change in cash | - | -€8,449 | -€14,912 | €1,412 | €44,676 | ▲ 3,064% |
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
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 2.49
Current ratio from 0.76 to 2.49; short-term debt falls from €35,241 to €23,395.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 119 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Equity above €200,000Eq €218,783 ▲41.1%
3 profitable years in a row build equity to €218,783.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150,000Eq €155,015 ▲88.1%
2 profitable years in a row build equity to €155,015.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €94,312
Net result €94,312 after one loss-making year.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Temse · 1 establishment unit since 2007
Ground area
742 m²
Building footprint
219 m²
Volume, LiDAR
1,058 m³
Parcel 46023C0279/00F000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARSA CONSTRUCT
since 20072.167.603.075
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46023C0279/00F000 | Flanders | 742 m² | 1 · 219 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
11.67%
According to the 2021 annual accounts of ARSA CONSTRUCT and those 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 37,364 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
Founded30-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
82990Other business support services
Contact
Phone
03/2202941Temse
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894554586
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.