ARSEC
ActiveSummary
ARSEC has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21.6m and a net result of €357,153. Equity is growing by ~20.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▼-17
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,400,000 at 30 days acceptable
short-term debt: 0% and cash: 5.4% of total assets, and 0% 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+raises risk○neutral
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
100%
Return on assets
1.7%
Age of the figures
15 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 30-06-2025 was due by 31-01-2026 and was filed on 02-01-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
9 d early
2023
27 d early
2022
21 d early
2021
28 d early
2020
35 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 25 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€21.6m▲ 0.3%
2024 · €21.6m
Total assets
€21.6m▲ 0.2%
2024 · €21.6m
Net result
€357,153▼ 81.1%
2024 · €1.9m
Working capital
€3.2m▼ 49.2%
2024 · €6.2m
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
Line20212022202320242025
Operating result-€7,784▲ 41.0%-€11,599▼ 49.0%-€12,775▼ 10.1%-€12,634▲ 1.1%-€16,258▼ 28.7%
Net result€2.6m▲ 164%€1.9m▼ 27.4%€5.5m▲ 198%€1.9m▼ 65.8%€357,153▼ 81.1%
Equity€12.9m▲ 22.7%€14.1m▲ 9.7%€19.7m▲ 39.2%€21.6m▲ 9.6%€21.6m▲ 0.3%
Total assets€15.2m▲ 28.9%€14.4m▼ 5.4%€20.1m▲ 39.7%€21.6m▲ 7.4%€21.6m▲ 0.2%
Debt€2.3m▲ 79.9%€242,968▼ 89.5%€420,430▲ 73.0%€23,785▼ 94.3%€7,785▼ 67.3%
Working capital€6.1m▲ 65.0%€7.3m▲ 20.7%€18.0m▲ 147%€6.2m▼ 65.5%€3.2m▼ 49.2%
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 stays negative: a loss of €16,258 in 2025 against €12,634 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.6m
Fixed assets
€18.5m ▲ 20.4%
Current assets
€3.2m ▼ 49.3%
Equity and liabilities €21.6m
Equity
€21.6m ▲ 0.3%
Debt
€7,785 ▼ 67.3%
Debt's share of the balance-sheet total falls from 0.1% to 0.0%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.00
ROE
1.7%▼
2024 · 8.8%
ROA
1.7%▼
2024 · 8.8%
Debt ≤ 1 year
€7,785▼
2024 · €23,785
Income taxes
€38,824▼
2024 · €235,001
A ratio outside any meaningful range has been withheld (balance sheet total €21.6m, equity €21.6m).
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1,047 | €1,331 | €1,285 | €1,230 | ▼ 4.3% |
| Gross operating margin9900 | -€6,741 | -€10,552 | -€11,444 | -€11,349 | -€15,027 | ▼ 32.4% |
| Operating profit (loss)9901 | -€7,784 | -€11,599 | -€12,775 | -€12,634 | -€16,258 | ▼ 28.7% |
| Financial income75/76B | - | €3.3m | €5.2m | €1.1m | €1.3m | ▲ 11.8% |
| Recurring financial income75 | €1.1m | €3.3m | €866,967 | €1.1m | €1.3m | ▲ 11.8% |
| Non-recurring financial income76B | - | - | €4.4m | - | - | - |
| Financial charges65/66B | - | €1.2m | -€379,620 | -€1.0m | €845,249 | ▲ 183% |
| Recurring financial charges65 | -€1.4m | €1.2m | -€379,620 | -€1.0m | €1,119 | ▲ 100% |
| Non-recurring financial charges66B | - | - | - | - | €844,130 | - |
| Profit (loss) for the period before taxes9903 | €2.6m | €2.0m | €5.6m | €2.1m | €395,977 | ▼ 81.4% |
| Income taxes67/77 | - | €185,800 | €50,378 | €235,001 | €38,824 | ▼ 83.5% |
| Profit (loss) for the period9904 | €2.6m | €1.9m | €5.5m | €1.9m | €357,153 | ▼ 81.1% |
| Profit (loss) for the period to be appropriated9905 | €2.6m | €1.9m | €5.5m | €1.9m | €357,153 | ▼ 81.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.2m | €14.4m | €20.1m | €21.6m | €21.6m | ▲ 0.2% |
| Fixed assets21/28 | €6.8m | €6.8m | €1.6m | €15.3m | €18.5m | ▲ 20.4% |
| Financial fixed assets28 | €6.8m | €6.8m | €1.6m | €15.3m | €18.5m | ▲ 20.4% |
| Current assets29/58 | €8.4m | €7.5m | €18.5m | €6.3m | €3.2m | ▼ 49.3% |
| Amounts receivable after more than one year29 | - | - | €8.4m | €6.1m | €1.4m | ▼ 76.4% |
| Other amounts receivable291 | - | - | €8.4m | €6.1m | €1.4m | ▼ 76.4% |
| Amounts receivable within one year40/41 | €193,752 | €250,000 | €108,500 | - | €550,402 | - |
| Other amounts receivable41 | - | €250,000 | €108,500 | - | €550,402 | - |
| Current investments50/53 | €8.2m | €7.3m | €9.3m | - | - | - |
| Cash at bank and in hand54/58 | €3,337 | €4,389 | €480,143 | €8,976 | €1.2m | ▲ 12,978% |
| Deferred charges and accrued income490/1 | - | - | €170,035 | €164,823 | €14,514 | ▼ 91.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.2m | €14.4m | €20.1m | €21.6m | €21.6m | ▲ 0.2% |
| Equity10/15 | €12.9m | €14.1m | €19.7m | €21.6m | €21.6m | ▲ 0.3% |
| Contributions10/11 | - | €5.2m | €5.2m | €5.2m | €5.2m | = |
| Reserves13 | €7.7m | €8.9m | €14.5m | €16.4m | €16.4m | ▲ 0.4% |
| Non-distributable reserves130/1 | - | €91,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €91,860 | - | - | - | - |
| Distributable reserves133 | - | €8.8m | €14.5m | €16.4m | €16.4m | ▲ 0.4% |
| Amounts payable17/49 | €2.3m | €242,968 | €420,430 | €23,785 | €7,785 | ▼ 67.3% |
| Amounts payable within one year42/48 | €2.3m | €242,968 | €420,430 | €23,785 | €7,785 | ▼ 67.3% |
| Trade debts44 | €1,736 | €868 | €3,430 | €3,457 | €7,785 | ▲ 125% |
| Suppliers440/4 | - | €868 | €3,430 | €3,457 | €7,785 | ▲ 125% |
| Taxes, remuneration and social security45 | - | €57,100 | - | €13,328 | - | - |
| Taxes450/3 | - | €57,100 | - | €13,328 | - | - |
| Other amounts payable47/48 | - | €185,000 | €417,000 | €7,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.6m | €1.9m | €5.5m | €1.9m | €357,153 | ▼ 81.1% |
| Operating cash flow (approximation) | €2.6m | €1.9m | €5.5m | €1.9m | €357,153 | ▼ 81.1% |
| Investment in fixed assets (approximation) | - | €0 | €5.2m | -€13.7m | -€3.1m | ▲ 77.2% |
| Change in cash | - | €1,052 | €475,754 | -€471,168 | €1.2m | ▲ 347% |
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
16-07
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
02-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Liquidity times 6current ratio 262.98
Current ratio from 43.91 to 262.98; short-term debt falls from €420,430 to €23,785.
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €5.5m ▲198%
Net result €5.5m, the highest in the series.
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Liquidity times 9current ratio 31.05
Current ratio from 3.62 to 31.05; short-term debt falls from €2.3m to €242,968.
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
27-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Back to profitnet €970,142
Net result €970,142 after one loss-making year.
30-06
Financial
Equity above €10mEq €10.5m ▲142%
Equity rises from €4.3m to €10.5m.
Show earlier events
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2007
Ground area
1,918 m²
Building footprint
254 m²
Volume, LiDAR
1,857 m³
Parcel 46009A0226/00S000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ARSEC
since 20072.166.013.265
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46009A0226/00S000 | Flanders | 1,918 m² | 1 · 254 m² | 11.8 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
4 holdingsOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 4
-
63.64%
-
187,971,187 shares
-
40,400,000 shares
-
21,375,033 shares
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
105,876,416 shares
According to the annual accounts to 30-06-2025 of ARSEC 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600WR8ISWYEKWOE25
Identification & contact
Identification
Legal formPrivate limited company
Founded15-10-2007
Fiscal year end30-06
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.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.