ARSER
ActiveARSER has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €645k and a net result of €30k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 4625 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
94
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability23▲+2
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 11.98 against 6.17 in 2023), and 5.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.3%
Return on assets
4.4%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
29 d late
2022
28 d late
2021
30 d early
2020
30 d early
2019
58 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30k▲ 16.6%
2023 · €26k
2018: €5k
2019: €39k
2020: €22k
2021: €30k
2022: €22k
2023: €26k
2018 → 2024
Working capital
€202k▲ 16.0%
2023 · €174k
2018: €231k
2019: €213k
2020: €132k
2021: €131k
2022: €143k
2023: €174k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€542k-€572k▲ 5.4%€594k▲ 3.9%€620k▲ 4.3%€645k▲ 4.0%
Operating result€29k-€39k▲ 34.6%€30k▼ 23.1%€36k▲ 20.4%€43k▲ 19.5%
Net result€22k-€30k▲ 33.7%€22k▼ 25.1%€26k▲ 16.8%€30k▲ 16.6%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 20% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €684k
Fixed assets
€463k▼ 1.2%
Current assets
€221k▲ 6.0%
Equity and liabilities €684k
Equity
€645k▲ 4.0%
Debt
€39k▼ 32.0%
The debt ratio falls from 8.5% to 5.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€50k▲
2023 · €47k
Cash flow
€38k▲
2023 · €37k
Solvency
94.3%▲
2023 · 91.5%
Current ratio
11.98▲
2023 · 6.17
Quick ratio
11.75▲
2023 · 5.99
Debt / equity
0.06▼
2023 · 0.09
ROE
4.7%▲
2023 · 4.2%
ROA
4.4%▲
2023 · 3.8%
Interest coverage
154.84▲
2023 · 105.27
Debt
€39k▼
2023 · €57k
Debt ≤ 1 year
€18k▼
2023 · €34k
Debt > 1 year
€21k▼
2023 · €24k
Income taxes
€15k▲
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€677k€684k▲
Fixed assets21/28€469k€463k▼
Tangible fixed assets22/27€9k€4k▼
Plant, machinery and equipment23€2k€783▼
Furniture and vehicles24€7k€2k▼
Other tangible fixed assets26€660€440▼
Financial fixed assets28€459k€459k=
Current assets29/58€208k€221k▲
Stocks and contracts in progress3€6k€4k▼
Stocks30/36€6k€4k▼
Amounts receivable within one year40/41€67k€70k▲
Trade receivables40€41k€19k▼
Other amounts receivable41€25k€50k▲
Current investments50/53€127k€127k=
Cash at bank and in hand54/58€7k€18k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€677k€684k▲
Equity10/15€620k€645k▲
Contributions10/11€20k€20k=
Reserves13€125k€150k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€8k€8k=
Distributable reserves133€115k€140k▲
Profit (loss) carried forward14€475k€475k=
Amounts payable17/49€57k€39k▼
Amounts payable after more than one year17€24k€21k▼
Financial debts170/4€5k€2k▼
Other amounts payable178/9€19k€19k=
Amounts payable within one year42/48€34k€18k▼
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€18k€963▼
Suppliers440/4€18k€963▼
Taxes, remuneration and social security45€13k€9k▼
Taxes450/3€13k€9k▼
Other amounts payable47/48-€5k
Accrued charges and deferred income492/3€2-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€8k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€49k€52k▲
Operating profit (loss)9901€36k€43k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€447€325▼
Recurring financial charges65€447€325▼
Profit (loss) for the period before taxes9903€39k€45k▲
Income taxes67/77€13k€15k▲
Profit (loss) for the period9904€26k€30k▲
Profit (loss) for the period to be appropriated9905€26k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€499k€505k▲
Profit (loss) brought forward from the previous period14P€473k€475k▲
Transfer from equity791/2-€5k
Transfer to equity691/2€24k€30k▲
To other reserves6921€24k€30k▲
Profit to be distributed694/7-€5k
Return on contributions (dividend)694-€5k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €39k ▲720%
Net result €39k, the highest in the series.
31-12
Financial
Equity above €500kEq €520k ▲7%
2 profitable years in a row build equity to €520k.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
03-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herve · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Waucomont 304650 HerveGround area
2,453 m²
Building footprint
282 m²
Volume, LiDAR
2,335 m³
2 parcels, Wallonia · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Place du Marché 6 7, 4651 Herve
since 19992.090.235.479
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63014A0104/00S000 | Wallonia | 1,894 m² | 1 · 214 m² | 8.9 m · 2 fl. |
| 63006B0015/00C000indicative | Wallonia | 559 m² | 1 · 68 m² | 14.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600EP9G1OSMLE9R88
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 32,298 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-1999
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
47820Retail sale of motor vehicle parts and accessories
50302
62020IT consultancy
62200Computer consultancy and computer facilities management
64200Holdings
64210Activities of holding companies
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.