ArSéMaG
ActiveSummary
ArSéMaG has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €2k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+6
Solvency50▲+8
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.55 in 2024; short-term debt: 63.4% and cash: 36.8% of total assets), and 74.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 16618 sector peers (2025).
NBB · sector comparisonPosition among 16618 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 4 filingsDeviation from the deadline
2025
25 d late
2024
17 d late
2023
56 d late
2022
31 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▲ 30.8%
2024 · €8k
2022: €10k
2023: €7k▼ -28.5% vs 2022lowest in 4 years
2024: €8k▲ +7.5% vs 2023
2025: €10k▲ +30.8% vs 2024highest in 4 years
2022 → 2025
Total assets
€41k▼ 10.4%
2024 · €46k
2022: €70khighest in 4 years
2023: €54k▼ -22.1% vs 2022
2024: €46k▼ -16.5% vs 2023
2025: €41k▼ -10.4% vs 2024lowest in 4 years
2022 → 2025
Net result
€2k▲ 341%
2024 · €551
2022: €4khighest in 4 years
2023: €-3k▼ -172% vs 2022lowest in 4 years
2024: €551▲ +119% vs 2023
2025: €2k▲ +341% vs 2024
2022 → 2025
Working capital
€-7k▲ 45.5%
2024 · €-12k
2022: €-22klowest in 4 years
2023: €-19k▲ +14.8% vs 2022
2024: €-12k▲ +35.4% vs 2023
2025: €-7k▲ +45.5% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€10k-€7k▼ 28.5%€8k▲ 7.5%€10k▲ 30.8%
2022: €10k
2023: €7k▼ -28.5% vs 2022lowest in 4 years
2024: €8k▲ +7.5% vs 2023
2025: €10k▲ +30.8% vs 2024highest in 4 years
Operating result€6k-€-3k€1k€5k▲ 298%
2022: €6khighest in 4 years
2023: €-3k▼ -158% vs 2022lowest in 4 years
2024: €1k▲ +136% vs 2023
2025: €5k▲ +298% vs 2024
Net result€4k-€-3k€551€2k▲ 341%
2022: €4khighest in 4 years
2023: €-3k▼ -172% vs 2022lowest in 4 years
2024: €551▲ +119% vs 2023
2025: €2k▲ +341% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 298% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€22k ▼ 29.9%
Current assets
€19k ▲ 30.1%
Equity and liabilities €41k
Equity
€10k ▲ 30.8%
Debt
€30k ▼ 19.0%
Debt's share of the balance-sheet total falls from 82.7% to 74.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▲
2024 · €13k
Cash flow
€15k▲
2024 · €13k
Current ratio
0.74▲
2024 · 0.55
Quick ratio
0.60▲
2024 · 0.38
Debt to equity
2.95▼
2024 · 4.77
ROE
23.6%▲
2024 · 7.0%
ROA
6.0%▲
2024 · 1.2%
Interest coverage
62.37▲
2024 · 35.60
Debt ≤ 1 year
€26k▼
2024 · €27k
Debt > 1 year
€5k▼
2024 · €11k
Income taxes
€2k▲
2024 · €251
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€46k€41k▼
Fixed assets21/28€31k€22k▼
Intangible fixed assets21€1k€630▼
Tangible fixed assets22/27€27k€18k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€21k€14k▼
Financial fixed assets28€3k€3k=
Current assets29/58€15k€19k▲
Stocks and contracts in progress3€5k€4k▼
Stocks30/36€5k€4k▼
Amounts receivable within one year40/41-€40
Trade receivables40-€40
Cash at bank and in hand54/58€9k€15k▲
Deferred charges and accrued income490/1€837€538▼
Equity and liabilities
Total equity and liabilities10/49€46k€41k▼
Equity10/15€8k€10k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€2k€4k▲
Amounts payable17/49€38k€30k▼
Amounts payable after more than one year17€11k€5k▼
Financial debts170/4€11k€5k▼
Amounts payable within one year42/48€27k€26k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€748€2k▲
Suppliers440/4€748€2k▲
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Other amounts payable47/48€16k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k=
Other operating charges640/8€700€712▲
Gross operating margin9900€14k€17k▲
Operating profit (loss)9901€1k€5k▲
Financial income75/76B€20€59▲
Recurring financial income75€20€59▲
Financial charges65/66B€373€268▼
Recurring financial charges65€373€268▼
Profit (loss) for the period before taxes9903€803€4k▲
Income taxes67/77€251€2k▲
Profit (loss) for the period9904€551€2k▲
Profit (loss) for the period to be appropriated9905€551€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€4k▲
Profit (loss) brought forward from the previous period14P€1k€2k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €12k | €12k | €12k | = |
| Other operating charges640/8 | €1k | €614 | €700 | €712 | ▲ 1.7% |
| Gross operating margin9900 | €15k | €10k | €14k | €17k | ▲ 24.7% |
| Operating profit (loss)9901 | €6k | €-3k | €1k | €5k | ▲ 298% |
| Financial income75/76B | €0 | €195 | €20 | €59 | ▲ 195% |
| Recurring financial income75 | €0 | €195 | €20 | €59 | ▲ 195% |
| Financial charges65/66B | €246 | €50 | €373 | €268 | ▼ 28.1% |
| Recurring financial charges65 | €246 | €50 | €373 | €268 | ▼ 28.1% |
| Profit (loss) for the period before taxes9903 | €5k | €-3k | €803 | €4k | ▲ 447% |
| Income taxes67/77 | €1k | €-179 | €251 | €2k | ▲ 678% |
| Profit (loss) for the period9904 | €4k | €-3k | €551 | €2k | ▲ 341% |
| Profit (loss) for the period to be appropriated9905 | €4k | €-3k | €551 | €2k | ▲ 341% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €70k | €54k | €46k | €41k | ▼ 10.4% |
| Fixed assets21/28 | €55k | €43k | €31k | €22k | ▼ 29.9% |
| Intangible fixed assets21 | €2k | €2k | €1k | €630 | ▼ 46.2% |
| Tangible fixed assets22/27 | €50k | €38k | €27k | €18k | ▼ 32.4% |
| Plant, machinery and equipment23 | €7k | €6k | €5k | €4k | ▼ 19.0% |
| Furniture and vehicles24 | €43k | €32k | €21k | €14k | ▼ 35.7% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €15k | €12k | €15k | €19k | ▲ 30.1% |
| Stocks and contracts in progress3 | €5k | €4k | €5k | €4k | ▼ 20.6% |
| Stocks30/36 | €5k | €4k | €5k | €4k | ▼ 20.6% |
| Amounts receivable within one year40/41 | €1k | €2k | - | €40 | - |
| Trade receivables40 | €900 | €2k | - | €40 | - |
| Other amounts receivable41 | €511 | - | - | - | - |
| Cash at bank and in hand54/58 | €7k | €4k | €9k | €15k | ▲ 60.6% |
| Deferred charges and accrued income490/1 | €2k | €949 | €837 | €538 | ▼ 35.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €70k | €54k | €46k | €41k | ▼ 10.4% |
| Equity10/15 | €10k | €7k | €8k | €10k | ▲ 30.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €4k | €1k | €2k | €4k | ▲ 144% |
| Amounts payable17/49 | €60k | €47k | €38k | €30k | ▼ 19.0% |
| Amounts payable after more than one year17 | €23k | €17k | €11k | €5k | ▼ 56.9% |
| Financial debts170/4 | €23k | €17k | €11k | €5k | ▼ 56.9% |
| Amounts payable within one year42/48 | €37k | €30k | €27k | €26k | ▼ 4.0% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €6k | €6k | ▲ 1.0% |
| Trade debts44 | €1k | €817 | €748 | €2k | ▲ 117% |
| Suppliers440/4 | €1k | €817 | €748 | €2k | ▲ 117% |
| Taxes, remuneration and social security45 | €5k | €5k | €4k | €6k | ▲ 46.0% |
| Taxes450/3 | €5k | €5k | €4k | €6k | ▲ 46.0% |
| Other amounts payable47/48 | €25k | €18k | €16k | €13k | ▼ 23.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-3k | €551 | €2k | ▲ 341% |
| + Depreciation and write-downs630 | €8k | €12k | €12k | €12k | = |
| Operating cash flow (approximation) | €12k | €9k | €13k | €15k | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-3k | - |
| Change in cash | - | €-2k | €5k | €6k | ▲ 15.9% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
17-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 17 days late
2024
31-12
Financial
Back to profitnet €551
Net result €551 after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
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, Ans · 1 establishment unit since 2021
Ground area
1,366 m²
Building footprint
327 m²
Volume, LiDAR
1,298 m³
2 parcels, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ArSéMaG
since 20212.323.549.282
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001B0204/00P000 | Wallonia | 1,181 m² | 1 · 256 m² | 3.9 m · 1 fl. |
| 62001B0782/00A002 | Wallonia | 185 m² | 1 · 71 m² | 6.9 m · 2 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.
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Of 10,450 companies in sector 86995 we hold annual accounts for 886. 473 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
Founded26-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
86995Nutrition and dietetics services
47750Retail sale of cosmetics and toilet articles
86951Physiotherapy
96220Beauty care and other beauty treatments
Scores and ratios are computed by Checked and are not a credit decision.