ARSEMA

Inactive

KBO/BCE: BE 0895.691.367

Inactive; last annual accounts for fiscal year 2017.

Watch Report

ARSEMAInactive

Report

Signals

Two signals. The signal on the left, the evidence on the right.

○neutral

No filing for years

The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2018 close31-07-2019 deadline01-10-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 21-02-2018, 160 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2017, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

-€115,423

2016 · €15,531

Working capital

€19,837▼ 79.9%

2016 · €98,738

Trend over the years

In euros Operating result Net result Equity Total assets Debt Working capital

In euros

No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20132014201520162017

Operating result€29,832-€9,908▼ 66.8%€20,750▲ 109%€23,777▲ 14.6%-€33,407

Net result€29,369-€9,993▼ 66.0%€18,335▲ 83.5%€15,531▼ 15.3%-€115,423

Equity-€8,599-€1,394€19,728▲ 1,316%€35,259▲ 78.7%-€80,163

Total assets€1.0m-€970,597▼ 6.2%€977,783▲ 0.7%€996,410▲ 1.9%€27,493▼ 97.2%

Debt€1.0m-€969,204▼ 7.1%€958,055▼ 1.2%€961,150▲ 0.3%€107,656▼ 88.8%

Working capital-€18,682-€5,067€52,446▲ 935%€98,738▲ 88.3%€19,837▼ 79.9%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2017: a loss of €33,407 after €23,777 in 2016, the lowest result in the available series.

Key figures and ratios

2017 value · change against 2016

Solvency

-291.6%▼

2016 · 3.5%

Current ratio

3.59▼

2016 · 7.25

ROA

-419.8%▼

2016 · 1.6%

Debt ≤ 1 year

€7,656▼

2016 · €15,790

Debt > 1 year

€100,000▼

2016 · €945,360

Income taxes

-€111▼

2016 · €8,134

No debt to equity: equity is negative, so debt divided by equity means nothing.

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2017 against 2016 · 22 lines

Balance sheet Code20162017

Assets

Total assets20/58€996,410€27,493▼

Fixed assets21/28€881,881-

Tangible fixed assets22/27€881,881-

Current assets29/58€114,529€27,493▼

Amounts receivable within one year40/41-€1,551

Cash at bank and in hand54/58€114,529€25,942▼

Equity and liabilities

Total equity and liabilities10/49€996,410€27,493▼

Equity10/15€35,259-€80,163▼

Contributions10/11€18,600€18,600=

Reserves13€1,860€1,860=

Profit (loss) carried forward14€14,799-€100,623▼

Amounts payable17/49€961,150€107,656▼

Amounts payable after more than one year17€945,360€100,000▼

Amounts payable within one year42/48€15,790€7,656▼

Income statement Code20162017

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30,761-

Gross operating margin9900€57,295-€30,825▼

Operating profit (loss)9901€23,777-€33,407▼

Recurring financial charges65€112€246▲

Profit (loss) for the period before taxes9903€23,665-€115,533▼

Income taxes67/77€8,134-€111▼

Profit (loss) for the period9904€15,531-€115,423▼

Profit (loss) for the period to be appropriated9905€15,531-€115,423▼

Line	2013	2014	2015	2016	2017	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€29,678	€30,189	€30,761	€30,761	-	-
Gross operating margin9900	€61,988	€42,682	€53,581	€57,295	-€30,825	▼ 154%
Operating profit (loss)9901	€29,832	€9,908	€20,750	€23,777	-€33,407	▼ 240%
Recurring financial income75	-	€183	-	-	-	-
Recurring financial charges65	€463	€98	€732	€112	€246	▲ 119%
Profit (loss) for the period before taxes9903	€29,369	€9,993	€20,018	€23,665	-€115,533	▼ 588%
Income taxes67/77	-	-	€1,683	€8,134	-€111	▼ 101%
Profit (loss) for the period9904	€29,369	€9,993	€18,335	€15,531	-€115,423	▼ 843%
Profit (loss) for the period to be appropriated9905	€29,369	€9,993	€18,335	€15,531	-€115,423	▼ 843%

Line	2013	2014	2015	2016	2017	Change
Assets
Total assets20/58	€1.0m	€970,597	€977,783	€996,410	€27,493	▼ 97.2%
Fixed assets21/28	€969,623	€941,686	€912,642	€881,881	-	-
Tangible fixed assets22/27	€969,623	€941,686	€912,642	€881,881	-	-
Current assets29/58	€65,210	€28,911	€65,141	€114,529	€27,493	▼ 76.0%
Amounts receivable within one year40/41	-	-	-	-	€1,551	-
Cash at bank and in hand54/58	€65,210	€28,911	€65,141	€114,529	€25,942	▼ 77.3%
Equity and liabilities
Total equity and liabilities10/49	€1.0m	€970,597	€977,783	€996,410	€27,493	▼ 97.2%
Equity10/15	-€8,599	€1,394	€19,728	€35,259	-€80,163	▼ 327%
Contributions10/11	€18,600	€18,600	€18,600	€18,600	€18,600	=
Reserves13	-	-	-	€1,860	€1,860	=
Profit (loss) carried forward14	-€27,199	-€17,206	€1,128	€14,799	-€100,623	▼ 780%
Amounts payable17/49	€1.0m	€969,204	€958,055	€961,150	€107,656	▼ 88.8%
Amounts payable after more than one year17	€945,360	€945,360	€945,360	€945,360	€100,000	▼ 89.4%
Amounts payable within one year42/48	€83,892	€23,844	€12,695	€15,790	€7,656	▼ 51.5%
Trade debts44	-	€4,052	-	-	-	-

Line	2013	2014	2015	2016	2017	Change
Profit (loss) for the period9904	€29,369	€9,993	€18,335	€15,531	-€115,423	▼ 843%
+ Depreciation and write-downs630	€29,678	€30,189	€30,761	€30,761	-	-
Operating cash flow (approximation)	€59,047	€40,182	€49,096	€46,292	-€115,423	▼ 349%
Investment in fixed assets (approximation)	-	-€2,252	-€1,717	€0	-	-
Change in cash	-	-€36,299	€36,230	€49,387	-€88,587	▼ 279%

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

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2018

21-02

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

31-12

Financial Weakest financial yearnet -€115,423

Net result drops to -€115,423, the lowest in the series.

20-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

01-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

2015

31-12

Financial Liquidity quadruplescurrent ratio 5.13

Current ratio from 1.21 to 5.13; short-term debt falls from €23,844 to €12,695.

28-09

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 59 days late

18-05

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 291 days late

2013

28-08

NBB filing Annual accounts filed

fiscal year 2012 · full schema · 28 days late

2012

29-08

NBB filing Annual accounts filed

fiscal year 2011 · full schema · 29 days late

2011

26-08

NBB filing Annual accounts filed

fiscal year 2010 · full schema · 26 days late

2010

28-08

NBB filing Annual accounts filed

fiscal year 2009 · full schema · 28 days late

2009

29-06

NBB filing Annual accounts filed

fiscal year 2008 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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.

Have them read with priority Sign in to place this company at the front of the reading queue.