ARSEN
ActiveSummary
The computed 12-month bankruptcy probability of ARSEN is 1.6% (moderate). The 2024 annual accounts show equity of €251,626 and a net result of €119,323. Equity is growing by ~28.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 5897 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+14
Solvency63▼-30
Growth85▲+44
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.37 against 2.1 in 2023; short-term debt: 61.9% and cash: 15.7% of total assets), and 61.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
160 d late
2022
106 d late
2021
170 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 108 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#9 company by total assets in Koekelberg, Administrative and support services sector#9 company by equity in Koekelberg, Administrative and support services sector
Turnover
€4.1m▲ 284%
2023 · €1.1m
EBIT margin
3.8%▲ 2.6pp
2023 · 1.2%
Net result
€119,323▲ 1,379%
2023 · €8,069
Working capital
€150,715▲ 117%
2023 · €69,488
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line20202021202220232024
Turnover€649,949▼ 31.8%€773,800▲ 19.1%€962,644▲ 24.4%€1.1m▲ 11.7%€4.1m▲ 284%
Operating result€29,410▲ 163%€14,820▼ 49.6%€57,039▲ 285%€13,372▼ 76.6%€158,511▲ 1,085%
Net result€22,989within the sector's middle half▲ 201%€7,824within the sector's middle half▼ 66.0%€40,528above the sector's middle half▲ 418%€8,069within the sector's middle half▼ 80.1%€119,323above the sector's middle half▲ 1,379%
EBIT margin4.5%▲ 3.4pp1.9%▼ 2.6pp5.9%▲ 4.0pp1.2%▼ 4.7pp3.8%▲ 2.6pp
Equity€75,880within the sector's middle half▲ 43.5%€83,705within the sector's middle half▲ 10.3%€124,233above the sector's middle half▲ 48.4%€132,303above the sector's middle half▲ 6.5%€251,626above the sector's middle half▲ 90.2%
Total assets€146,781within the sector's middle half▼ 10.1%€149,718within the sector's middle half▲ 2.0%€178,157within the sector's middle half▲ 19.0%€195,446within the sector's middle half▲ 9.7%€659,896above the sector's middle half▲ 238%
Debt€70,901▼ 35.7%€66,013▼ 6.9%€53,924▼ 18.3%€63,144▲ 17.1%€408,270▲ 547%
Working capital€39,360▲ 97.6%€50,441▲ 28.2%€77,236▲ 53.1%€69,488▼ 10.0%€150,715▲ 117%
Solvency51.7%within the sector's middle half▲ 19.3pp55.9%within the sector's middle half▲ 4.2pp69.7%above the sector's middle half▲ 13.8pp67.7%above the sector's middle half▼ 2.0pp38.1%within the sector's middle half▼ 29.6pp
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,085% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €659,896
Fixed assets
€100,911 ▲ 60.6%
Current assets
€558,985 ▲ 321%
Equity and liabilities €659,896
Equity
€251,626 ▲ 90.2%
Debt
€408,270 ▲ 547%
Debt's share of the balance-sheet total rises from 32.3% to 61.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€173,735▲
2023 · €28,583
Cash flow
€134,547▲
2023 · €23,280
Current ratio
1.37▼
2023 · 2.10
Debt to equity
1.62▲
2023 · 0.48
ROE
47.4%▲
2023 · 6.1%
ROA
18.1%▲
2023 · 4.1%
Interest coverage
36.44▲
2023 · 12.70
Debt ≤ 1 year
€408,270▲
2023 · €63,144
Income taxes
€34,438▲
2023 · €3,053
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,810 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €649,949 | €773,800 | €962,644 | €1.1m | €4.1m | ▲ 284% |
| Goods, raw materials, services and sundry goods60/61 | - | €737,695 | €895,069 | €1.1m | €4.0m | ▲ 272% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,628 | €23,547 | €19,862 | €15,211 | €15,223 | ▲ 0.1% |
| Other operating charges640/8 | - | €2,269 | €2,882 | €2,556 | €2,507 | ▼ 1.9% |
| Gross operating margin9900 | €56,794 | €40,636 | €79,783 | €31,139 | €176,242 | ▲ 466% |
| Operating profit (loss)9901 | €29,410 | €14,820 | €57,039 | €13,372 | €158,511 | ▲ 1,085% |
| Financial income75/76B | - | - | - | €1 | €17 | ▲ 1,485% |
| Recurring financial income75 | €6 | - | - | €1 | €17 | ▲ 1,485% |
| Financial charges65/66B | - | €4,278 | €2,218 | €2,250 | €4,768 | ▲ 112% |
| Recurring financial charges65 | €3,742 | €4,278 | €2,218 | €2,250 | €4,768 | ▲ 112% |
| Profit (loss) for the period before taxes9903 | €25,674 | €10,542 | €54,820 | €11,123 | €153,761 | ▲ 1,282% |
| Income taxes67/77 | €2,685 | €2,718 | €14,292 | €3,053 | €34,438 | ▲ 1,028% |
| Profit (loss) for the period9904 | €22,989 | €7,824 | €40,528 | €8,069 | €119,323 | ▲ 1,379% |
| Profit (loss) for the period to be appropriated9905 | €22,989 | €7,824 | €40,528 | €8,069 | €119,323 | ▲ 1,379% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,781 | €149,718 | €178,157 | €195,446 | €659,896 | ▲ 238% |
| Fixed assets21/28 | €67,614 | €51,507 | €64,082 | €62,814 | €100,911 | ▲ 60.6% |
| Tangible fixed assets22/27 | €67,614 | €44,067 | €56,642 | €55,374 | €93,471 | ▲ 68.8% |
| Plant, machinery and equipment23 | - | €902 | €580 | €12,196 | €24,552 | ▲ 101% |
| Furniture and vehicles24 | - | €43,165 | €56,062 | €43,178 | €68,919 | ▲ 59.6% |
| Financial fixed assets28 | - | €7,440 | €7,440 | €7,440 | €7,440 | = |
| Current assets29/58 | €79,167 | €98,211 | €114,074 | €132,632 | €558,985 | ▲ 321% |
| Amounts receivable within one year40/41 | €67,066 | €92,943 | €99,597 | €122,526 | €455,209 | ▲ 272% |
| Trade receivables40 | - | €70,845 | €74,467 | €90,186 | €356,677 | ▲ 295% |
| Other amounts receivable41 | - | €22,098 | €25,130 | €32,341 | €98,533 | ▲ 205% |
| Cash at bank and in hand54/58 | €12,101 | €5,268 | €14,478 | €1,912 | €103,776 | ▲ 5,327% |
| Deferred charges and accrued income490/1 | - | - | - | €8,193 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,781 | €149,718 | €178,157 | €195,446 | €659,896 | ▲ 238% |
| Equity10/15 | €75,880 | €83,705 | €124,233 | €132,303 | €251,626 | ▲ 90.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | - | - | - |
| Outside capital11 | - | - | - | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | €6,200 | €6,200 | = |
| Reserves13 | €6,860 | €6,860 | €6,860 | €6,860 | €6,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €62,820 | €70,645 | €111,173 | €119,243 | €238,566 | ▲ 100% |
| Amounts payable17/49 | €70,901 | €66,013 | €53,924 | €63,144 | €408,270 | ▲ 547% |
| Amounts payable after more than one year17 | €31,094 | €18,243 | €17,085 | - | - | - |
| Financial debts170/4 | - | €15,243 | €14,085 | - | - | - |
| Other amounts payable178/9 | - | €3,000 | €3,000 | - | - | - |
| Amounts payable within one year42/48 | €39,807 | €47,769 | €36,839 | €63,144 | €408,270 | ▲ 547% |
| Current portion of amounts payable after more than one year42 | - | €15,575 | €13,164 | €14,085 | - | - |
| Financial debts43 | - | €10,000 | - | - | - | - |
| Credit institutions430/8 | - | €10,000 | - | - | - | - |
| Trade debts44 | - | €7,329 | €1,131 | €26,088 | €356,141 | ▲ 1,265% |
| Suppliers440/4 | - | €7,329 | €1,131 | €26,088 | €356,141 | ▲ 1,265% |
| Taxes, remuneration and social security45 | - | €300 | €5,102 | €2,636 | €1,200 | ▼ 54.5% |
| Taxes450/3 | - | €300 | €5,102 | €2,636 | €1,200 | ▼ 54.5% |
| Other amounts payable47/48 | - | €14,565 | €17,441 | €20,335 | €50,930 | ▲ 150% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,989 | €7,824 | €40,528 | €8,069 | €119,323 | ▲ 1,379% |
| + Depreciation and write-downs630 | €23,628 | €23,547 | €19,862 | €15,211 | €15,223 | ▲ 0.1% |
| Operating cash flow (approximation) | €46,617 | €31,371 | €60,390 | €23,280 | €134,547 | ▲ 478% |
| Investment in fixed assets (approximation) | - | -€7,440 | -€32,437 | -€13,943 | -€53,320 | ▼ 282% |
| Change in cash | - | -€6,833 | €9,210 | -€12,566 | €101,863 | ▲ 911% |
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
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 122 days late
07-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 160 days late
2024
31-12
Financial
Highest result since 2018net €119,323 ▲1,379%
Operating result €158,511, net result €119,323, both a record.
31-12
Financial
Equity above €200,000Eq €251,626 ▲90.2%
7 profitable years in a row build equity to €251,626.
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 106 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 170 days late
2022
31-12
Financial
Equity above €100,000Eq €124,233 ▲48.4%
5 profitable years in a row build equity to €124,233.
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €7,627 ▼68.4%
Net result drops to €7,627, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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.
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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, Koekelberg · 1 establishment unit since 2012
Ground area
859 m²
Building footprint
144 m²
Volume, LiDAR
1,361 m³
Parcel 21492B0463/00A000, Brussels · tallest building 19.6 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Jetsesteenweg 408, 1081 Koekelberg
since 20122.207.185.510
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0463/00A000 | Brussels | 859 m² | 1 · 144 m² | 19.6 m · 4 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.
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Of 7,364 companies in sector 81210 we hold annual accounts for 2,741. 1,813 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
Founded27-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840812628
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.