ARSENAAL CONSTRUCT
ActiveSummary
The annual accounts of ARSENAAL CONSTRUCT for fiscal year 2025 show a net loss of 73% of the equity at the start of that year. The 2025 annual accounts show equity of €2.1m and a net result of -€569,379. Equity is growing by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 4565 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▲+2
Solvency78▲+23
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.11 against 1.4 in 2024; short-term debt: 46.7% and cash: 0.3% of total assets), and 46.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
53.3%
Return on assets
-14.2%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
23 d early
2024
31 d late
2023
27 d late
2022
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#7 company by total assets in Ingelmunster, Real estate sector#7 company by equity in Ingelmunster, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€569,379▼ 20.9%
2024 · -€470,790
Working capital
€2.1m▲ 188%
2024 · €722,610
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
Line2022202320242025
Operating result-€136,211--€318,519▼ 134%-€474,312▼ 48.9%-€573,118▼ 20.8%
Net result-€136,281--€316,319▼ 132%-€470,790▼ 48.8%-€569,379▼ 20.9%
Equity€613,719-€1.2m▲ 103%€776,610▼ 37.7%€2.1m▲ 175%
Total assets€802,193-€3.1m▲ 282%€2.6m▼ 16.1%€4.0m▲ 55.9%
Debt€188,474-€1.8m▲ 862%€1.8m▼ 1.2%€1.9m▲ 4.5%
Working capital€563,719-€1.2m▲ 112%€722,610▼ 39.7%€2.1m▲ 188%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €573,118 in 2025 against €474,312 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 €4.0m
Fixed assets
€54,000 =
Current assets
€3.9m ▲ 57.1%
Equity and liabilities €4.0m
Equity
€2.1m ▲ 175%
Debt
€1.9m ▲ 4.5%
Debt's share of the balance-sheet total falls from 69.8% to 46.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.11▲
2024 · 1.40
Quick ratio
0.51▲
2024 · 0.03
Debt to equity
0.88▼
2024 · 2.31
ROE
-26.7%▲
2024 · -60.6%
ROA
-14.2%▲
2024 · -18.3%
Debt ≤ 1 year
€1.9m▲
2024 · €1.8m
Income taxes
-€1,512▼
2024 · €1,365
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €239 | - | - | - | - |
| Other operating charges640/8 | - | €3,510 | €246 | €248 | ▲ 0.8% |
| Gross operating margin9900 | -€135,972 | -€315,009 | -€474,066 | -€572,870 | ▼ 20.8% |
| Operating profit (loss)9901 | -€136,211 | -€318,519 | -€474,312 | -€573,118 | ▼ 20.8% |
| Financial income75/76B | €30 | €3,357 | €5,075 | €2,866 | ▼ 43.5% |
| Recurring financial income75 | €30 | €3,357 | €5,075 | €2,866 | ▼ 43.5% |
| Financial charges65/66B | €100 | €150 | €188 | €639 | ▲ 240% |
| Recurring financial charges65 | €100 | €150 | €188 | €639 | ▲ 240% |
| Profit (loss) for the period before taxes9903 | -€136,281 | -€315,312 | -€469,425 | -€570,891 | ▼ 21.6% |
| Income taxes67/77 | - | €1,007 | €1,365 | -€1,512 | ▼ 211% |
| Profit (loss) for the period9904 | -€136,281 | -€316,319 | -€470,790 | -€569,379 | ▼ 20.9% |
| Profit (loss) for the period to be appropriated9905 | -€136,281 | -€316,319 | -€470,790 | -€569,379 | ▼ 20.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €802,193 | €3.1m | €2.6m | €4.0m | ▲ 55.9% |
| Fixed assets21/28 | €50,000 | €50,000 | €54,000 | €54,000 | = |
| Tangible fixed assets22/27 | - | - | €4,000 | €4,000 | = |
| Plant, machinery and equipment23 | - | - | €4,000 | €4,000 | = |
| Financial fixed assets28 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Current assets29/58 | €752,193 | €3.0m | €2.5m | €3.9m | ▲ 57.1% |
| Stocks and contracts in progress3 | €640,508 | €2.0m | €2.5m | €3.0m | ▲ 21.4% |
| Stocks30/36 | €640,508 | €2.0m | €2.5m | €3.0m | ▲ 21.4% |
| Amounts receivable within one year40/41 | €34,647 | €325,194 | €41,891 | €150,172 | ▲ 258% |
| Trade receivables40 | - | €1,885 | €985 | €128,892 | ▲ 12,985% |
| Other amounts receivable41 | €34,647 | €323,309 | €40,906 | €21,280 | ▼ 48.0% |
| Current investments50/53 | - | €700,000 | - | €800,000 | - |
| Cash at bank and in hand54/58 | €77,038 | €4,532 | €11,605 | €12,050 | ▲ 3.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €802,193 | €3.1m | €2.6m | €4.0m | ▲ 55.9% |
| Equity10/15 | €613,719 | €1.2m | €776,610 | €2.1m | ▲ 175% |
| Contributions10/11 | €750,000 | €1.7m | €1.7m | €3.6m | ▲ 113% |
| Capital10 | €750,000 | €1.7m | €1.7m | €3.6m | ▲ 113% |
| Issued capital100 | €3.0m | €3.0m | €3.0m | €5.5m | ▲ 83.3% |
| Uncalled capital101 | €2.3m | €1.3m | €1.3m | €1.9m | ▲ 44.2% |
| Profit (loss) carried forward14 | -€136,281 | -€452,600 | -€923,390 | -€1.5m | ▼ 61.7% |
| Amounts payable17/49 | €188,474 | €1.8m | €1.8m | €1.9m | ▲ 4.5% |
| Amounts payable within one year42/48 | €188,474 | €1.8m | €1.8m | €1.9m | ▲ 4.5% |
| Trade debts44 | €188,474 | €193,141 | €76,254 | €251,361 | ▲ 230% |
| Suppliers440/4 | €188,474 | €193,141 | €76,254 | €251,361 | ▲ 230% |
| Advances received on contracts in progress46 | - | €1.6m | €1.6m | €1.6m | = |
| Other amounts payable47/48 | - | - | €95,000 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€136,281 | -€316,319 | -€470,790 | -€569,379 | ▼ 20.9% |
| Operating cash flow (approximation) | -€136,281 | -€316,319 | -€470,790 | -€569,379 | ▼ 20.9% |
| Investment in fixed assets (approximation) | - | €0 | -€4,000 | €0 | ▲ 100% |
| Change in cash | - | -€72,506 | €7,073 | €445 | ▼ 93.7% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€569,379
Net result drops to -€569,379, the lowest in the series.
31-12
Financial
Equity above €2mEq €2.1m ▲175%
Equity rises from €776,610 to €2.1m.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Equity above €1mEq €1.2m ▲103%
Equity rises from €613,719 to €1.2m.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ingelmunster · 1 establishment unit since 2022
Ground area
2.3 ha
Building footprint
1,637 m²
Volume, LiDAR
9,686 m³
Parcel 36007B0904/00R000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
ARSENAAL CONSTRUCT
since 20222.332.956.007
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007B0904/00R000 | Flanders | 2.3 ha | 1 · 1,637 m² | 11.1 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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 2,913 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Contact
E-mail
barbara.honore@monument.be
Scores and ratios are computed by Checked and are not a credit decision.