ARSEUS LAB
ActiveSummary
ARSEUS LAB has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.1m and a net result of €228,254. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 59% of 6131 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability49▲+3
Solvency76▲+8
Growth71=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200,000 at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.82 in 2023; short-term debt: 46.5% and cash: 4.3% of total assets), and 49.1% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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 2024Solvency, return and age of the figures
Solvency
50.9%
Return on assets
3.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-12-2024 was due by 28-07-2025 and was filed on 22-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
6 d early
2023
177 d late
2022
40 d early
2021
38 d early
2020
31 d early
2019
33 d early
2018
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#6 fastest grower in Waregem, Wholesale and retail trade sector
Turnover
€10.2m▲ 3.6%
2023 · €9.9m
EBIT margin
3.4%▲ 0.6pp
2023 · 2.8%
Net result
€228,254▲ 51.6%
2023 · €150,565
Working capital
-€441,837▲ 32.4%
2023 · -€653,516
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€6.3m▼ 10.0%€8.9m▲ 40.3%€10.0m▲ 12.8%€9.9m▼ 1.5%€10.2m▲ 3.6%
Operating result-€105,829▲ 4.4%€258,828€337,329▲ 30.3%€274,690▼ 18.6%€342,914▲ 24.8%
Net result-€120,702below the sector's middle half▲ 40.4%€162,698within the sector's middle half€252,211within the sector's middle half▲ 55.0%€150,565within the sector's middle half▼ 40.3%€228,254within the sector's middle half▲ 51.6%
EBIT margin-1.7%▼ 0.1pp2.9%▲ 4.6pp3.4%▲ 0.5pp2.8%▼ 0.6pp3.4%▲ 0.6pp
Equity€2.3mwithin the sector's middle half▼ 4.9%€2.5mwithin the sector's middle half▲ 6.9%€2.8mwithin the sector's middle half▲ 10.1%€2.9mwithin the sector's middle half▲ 5.5%€3.1mwithin the sector's middle half▲ 7.9%
Total assets€5.4mwithin the sector's middle half▼ 4.7%€5.7mwithin the sector's middle half▲ 5.8%€6.4mwithin the sector's middle half▲ 11.5%€6.8mwithin the sector's middle half▲ 6.5%€6.2mwithin the sector's middle half▼ 9.5%
Debt€3.1m▼ 4.5%€3.2m▲ 5.0%€3.6m▲ 12.6%€3.9m▲ 7.3%€3.0m▼ 22.5%
Working capital-€1.3mbelow the sector's middle half▼ 7.7%-€1.2mbelow the sector's middle half▲ 8.7%-€878,336below the sector's middle half▲ 27.3%-€653,516below the sector's middle half▲ 25.6%-€441,837below the sector's middle half▲ 32.4%
Solvency43.2%within the sector's middle half▼ 0.1pp43.7%within the sector's middle half▲ 0.5pp43.1%within the sector's middle half▼ 0.6pp42.7%within the sector's middle half▼ 0.4pp50.9%within the sector's middle half▲ 8.2pp
Current ratio0.56below the sector's middle half▼ 0.050.62below the sector's middle half▲ 0.060.75below the sector's middle half▲ 0.130.82below the sector's middle half▲ 0.070.85below the sector's middle half▲ 0.02
Return on assets (ROA)-2.2%below the sector's middle half▲ 1.3pp2.8%within the sector's middle half▲ 5.1pp3.9%within the sector's middle half▲ 1.1pp2.2%within the sector's middle half▼ 1.7pp3.7%within the sector's middle half▲ 1.5pp
Staff (FTE)16.5within the sector's middle half▼ 1.2%15.5within the sector's middle half▼ 6.1%16within the sector's middle half▲ 3.2%20within the sector's middle half▲ 25.0%20.7within the sector's middle half▲ 3.5%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 25% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.2m
Fixed assets
€3.7m =
Current assets
€2.4m ▼ 21.1%
Equity and liabilities €6.2m
Equity
€3.1m ▲ 7.9%
Debt
€3.0m ▼ 22.5%
Debt's share of the balance-sheet total falls from 57.3% to 49.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€367,197▲
2023 · €301,889
Cash flow
€252,537▲
2023 · €177,764
Quick ratio
0.83▲
2023 · 0.79
Debt to equity
0.97▼
2023 · 1.34
ROE
7.3%▲
2023 · 5.2%
Interest coverage
3.97▲
2023 · 3.73
Debt ≤ 1 year
€2.9m▼
2023 · €3.7m
Income taxes
€1,086▼
2023 · €1,791
Staff costs
€1.7m▲
2023 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €10.3m | €11.3m | €11.2m | €11.8m | ▲ 5.4% |
| Turnover70 | €6.3m | €8.9m | €10.0m | €9.9m | €10.2m | ▲ 3.6% |
| Other operating income74 | - | €1.4m | €1.3m | €1.3m | €1.6m | ▲ 19.1% |
| Non-recurring operating income76A | - | €32,042 | €0 | €0 | €0 | - |
| Operating charges60/66A | - | €10.0m | €10.9m | €10.9m | €11.4m | ▲ 4.9% |
| Goods for resale, raw materials and consumables60 | - | €6.5m | €7.5m | €7.1m | €7.5m | ▲ 6.4% |
| Purchases600/8 | - | €6.5m | €7.4m | €7.1m | €7.2m | ▲ 0.9% |
| Change in stocks: decrease (increase)609 | - | €48,717 | €100,703 | -€47,332 | €338,377 | ▲ 815% |
| Services and other goods61 | - | €1.6m | €1.7m | €1.6m | €1.8m | ▲ 9.6% |
| Remuneration, social security and pensions62 | - | €1.3m | €1.3m | €1.7m | €1.7m | ▲ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,362 | €28,104 | €31,620 | €27,199 | €24,283 | ▼ 10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€34,638 | -€50,647 | €65,679 | -€254,529 | ▼ 488% |
| Other operating charges640/8 | - | €573,751 | €529,818 | €425,884 | €616,556 | ▲ 44.8% |
| Operating profit (loss)9901 | -€105,829 | €258,828 | €337,329 | €274,690 | €342,914 | ▲ 24.8% |
| Financial income75/76B | - | €156 | €389 | €1,681 | €12,817 | ▲ 662% |
| Recurring financial income75 | €3,263 | €156 | €389 | €1,681 | €1,690 | ▲ 0.5% |
| Income from current assets751 | - | €105 | €24 | €743 | €1,604 | ▲ 116% |
| Other financial income752/9 | - | €51 | €365 | €939 | €86 | ▼ 90.8% |
| Non-recurring financial income76B | - | - | - | - | €11,127 | - |
| Financial charges65/66B | - | €93,114 | €83,152 | €124,016 | €126,391 | ▲ 1.9% |
| Recurring financial charges65 | €75,372 | €93,114 | €83,152 | €124,016 | €126,391 | ▲ 1.9% |
| Debt charges650 | €47,212 | €39,125 | €39,490 | €81,025 | €92,591 | ▲ 14.3% |
| Other financial charges652/9 | - | €53,989 | €43,662 | €42,991 | €33,800 | ▼ 21.4% |
| Profit (loss) for the period before taxes9903 | -€118,778 | €165,870 | €254,565 | €152,355 | €229,340 | ▲ 50.5% |
| Income taxes67/77 | €1,924 | €3,172 | €2,354 | €1,791 | €1,086 | ▼ 39.4% |
| Taxes670/3 | - | €3,172 | €2,354 | €1,791 | €1,086 | ▼ 39.4% |
| Profit (loss) for the period9904 | -€120,702 | €162,698 | €252,211 | €150,565 | €228,254 | ▲ 51.6% |
| Profit (loss) for the period to be appropriated9905 | -€120,702 | €162,698 | €252,211 | €150,565 | €228,254 | ▲ 51.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.4m | €5.7m | €6.4m | €6.8m | €6.2m | ▼ 9.5% |
| Fixed assets21/28 | €3.7m | €3.8m | €3.7m | €3.7m | €3.7m | = |
| Intangible fixed assets21 | €32,134 | €48,898 | €41,096 | €43,191 | €66,493 | ▲ 54.0% |
| Tangible fixed assets22/27 | €19,186 | €49,493 | €39,182 | €30,398 | €6,057 | ▼ 80.1% |
| Plant, machinery and equipment23 | - | €35,614 | €29,590 | €23,894 | - | - |
| Furniture and vehicles24 | - | €13,879 | €9,592 | €6,503 | €6,057 | ▼ 6.9% |
| Financial fixed assets28 | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Affiliated companies280/1 | - | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Participating interests280 | - | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Other financial fixed assets284/8 | - | €822 | €822 | €475 | €475 | = |
| Amounts receivable and cash guarantees285/8 | - | €822 | €822 | €475 | €475 | = |
| Current assets29/58 | €1.7m | €2.0m | €2.6m | €3.1m | €2.4m | ▼ 21.1% |
| Stocks and contracts in progress3 | €245,381 | €180,088 | €126,260 | €121,878 | €50,988 | ▼ 58.2% |
| Stocks30/36 | - | €180,088 | €126,260 | €121,878 | €50,988 | ▼ 58.2% |
| Goods purchased for resale34 | - | €180,088 | €126,260 | €121,878 | €50,988 | ▼ 58.2% |
| Amounts receivable within one year40/41 | €1.4m | €1.7m | €2.3m | €2.7m | €2.1m | ▼ 22.7% |
| Trade receivables40 | - | €1.7m | €2.3m | €2.7m | €2.1m | ▼ 23.0% |
| Other amounts receivable41 | - | €1,652 | €2,032 | €3,716 | €11,610 | ▲ 212% |
| Cash at bank and in hand54/58 | €58,260 | €71,565 | €261,089 | €215,965 | €262,061 | ▲ 21.3% |
| Deferred charges and accrued income490/1 | - | €8,801 | €5,703 | €11,475 | €4,985 | ▼ 56.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.4m | €5.7m | €6.4m | €6.8m | €6.2m | ▼ 9.5% |
| Equity10/15 | €2.3m | €2.5m | €2.8m | €2.9m | €3.1m | ▲ 7.9% |
| Contributions10/11 | €5.5m | €5.5m | €5.5m | €5.5m | €5.5m | = |
| Capital10 | - | €5.5m | €5.5m | €5.5m | €5.5m | = |
| Issued capital100 | - | €20.5m | €20.5m | €20.5m | €20.5m | = |
| Uncalled capital101 | - | €15.0m | €15.0m | €15.0m | €15.0m | = |
| Reserves13 | €9,296 | €9,296 | €9,296 | €9,296 | €9,296 | = |
| Non-distributable reserves130/1 | - | €9,296 | €9,296 | €9,296 | €9,296 | = |
| Legal reserve130 | - | €9,296 | €9,296 | €9,296 | €9,296 | = |
| Profit (loss) carried forward14 | -€3.2m | -€3.0m | -€2.7m | -€2.6m | -€2.4m | ▲ 8.8% |
| Amounts payable17/49 | €3.1m | €3.2m | €3.6m | €3.9m | €3.0m | ▼ 22.5% |
| Amounts payable within one year42/48 | €3.0m | €3.2m | €3.5m | €3.7m | €2.9m | ▼ 23.1% |
| Financial debts43 | - | €1.7m | €1.5m | €2.0m | €1.0m | ▼ 50.5% |
| Credit institutions430/8 | - | €1.7m | €1.5m | €2.0m | €1.0m | ▼ 50.5% |
| Trade debts44 | €640,645 | €1.1m | €1.6m | €1.1m | €1.4m | ▲ 27.0% |
| Suppliers440/4 | - | €1.1m | €1.6m | €1.1m | €1.4m | ▲ 27.0% |
| Advances received on contracts in progress46 | - | €125,511 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €267,878 | €416,827 | €568,438 | €435,635 | ▼ 23.4% |
| Taxes450/3 | - | €128,679 | €262,677 | €301,619 | €204,765 | ▼ 32.1% |
| Remuneration and social security454/9 | - | €139,198 | €154,150 | €266,819 | €230,871 | ▼ 13.5% |
| Other amounts payable47/48 | - | €6,118 | €2,260 | - | €1,094 | - |
| Accrued charges and deferred income492/3 | - | €54,558 | €114,052 | €181,272 | €163,658 | ▼ 9.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€120,702 | €162,698 | €252,211 | €150,565 | €228,254 | ▲ 51.6% |
| + Depreciation and write-downs630 | €25,362 | €28,104 | €31,620 | €27,199 | €24,283 | ▼ 10.7% |
| Operating cash flow (approximation) | -€95,340 | €190,801 | €283,831 | €177,764 | €252,537 | ▲ 42.1% |
| Investment in fixed assets (approximation) | - | -€75,174 | -€13,506 | -€20,163 | -€23,244 | ▼ 15.3% |
| Change in cash | - | €13,305 | €189,523 | -€45,124 | €46,096 | ▲ 202% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
23-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 177 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €252,211 ▲55%
Net result €252,211, the highest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-12
Financial
Back to profitnet €162,698
Net result €162,698 after 3 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
08-07
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.
0 of 30 acts read
About the unread acts
We know of 30 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
30 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, Waregem · 1 establishment unit since 1993
Ground area
4,722 m²
Building footprint
2,553 m²
Volume, LiDAR
29,776 m³
Parcel 34453F0799/00K000, Flanders · tallest building 17.7 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
ARSEUS LAB
since 19932.063.678.463
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F0799/00K000 | Flanders | 4,722 m² | 1 · 2,553 m² | 17.7 m · 3 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 28-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
99.98%
According to the annual accounts to 28-12-2024 of ARSEUS LAB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
5493003T6GZ9H1JBZ897
Similar companies · same sector, comparable size
MICROPORT ORTHOPEDICS
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VESALE PHARMACEUTICA
BE 0452.282.591
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EURO - MEDIC
BE 0473.175.601
Deinze · Eq €3,177,127
Of 1,903 companies in sector 46460 we hold annual accounts for 1,126. 652 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
Founded03-09-1993
Fiscal year end28-12
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450810171
Also
9925:BE0450810171
Registered
10-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.