ARSIC
ActiveSummary
ARSIC has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.1m and a net result of €201,686. Equity remains stable across the filed fiscal years (±1.6% per year). The computed 12-month bankruptcy probability is 1.0% (low).
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Signals
This company filed its last 7 accounts on average 11 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 1,639 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 1,639 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €4 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,459 | €12,750 | €12,750 | €12,754 | €12,750 | = |
| Other operating charges640/8 | - | €4,242 | €6,282 | €6,827 | €13,155 | ▲ 92.7% |
| Gross operating margin9900 | -€10,785 | -€9,030 | €1,120 | €5,747 | €5,881 | ▲ 2.3% |
| Operating profit (loss)9901 | -€34,994 | -€26,022 | -€17,912 | -€13,834 | -€20,025 | ▼ 44.7% |
| Financial income75/76B | - | €183,721 | €43,495 | €63,273 | €257,662 | ▲ 307% |
| Recurring financial income75 | €129,599 | €183,721 | €43,495 | €63,273 | €257,662 | ▲ 307% |
| Financial charges65/66B | - | €6,156 | €3,955 | €3,606 | €3,424 | ▼ 5.1% |
| Recurring financial charges65 | €143 | €6,156 | €3,955 | €3,606 | €3,424 | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | €94,462 | €151,544 | €21,628 | €45,832 | €234,214 | ▲ 411% |
| Income taxes67/77 | €24,577 | €32,083 | €5,263 | €10,465 | €32,528 | ▲ 211% |
| Profit (loss) for the period9904 | €69,886 | €119,461 | €16,365 | €35,368 | €201,686 | ▲ 470% |
| Profit (loss) for the period to be appropriated9905 | €69,886 | €119,461 | €16,365 | €35,368 | €201,686 | ▲ 470% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €3.8m | €3.8m | €3.9m | €4.1m | ▲ 5.3% |
| Fixed assets21/28 | €307,194 | €294,444 | €281,693 | €312,181 | €449,135 | ▲ 43.9% |
| Tangible fixed assets22/27 | €307,194 | €294,444 | €281,693 | €312,181 | €449,135 | ▲ 43.9% |
| Land and buildings22 | - | €294,444 | €281,693 | €268,943 | €256,192 | ▼ 4.7% |
| Assets under construction and advance payments27 | - | - | - | €43,238 | €192,943 | ▲ 346% |
| Current assets29/58 | €3.4m | €3.5m | €3.5m | €3.6m | €3.6m | ▲ 1.9% |
| Amounts receivable within one year40/41 | €6,618 | €579 | €16,576 | €14,989 | €18,011 | ▲ 20.2% |
| Trade receivables40 | - | - | €8,222 | €6,472 | - | - |
| Other amounts receivable41 | - | €579 | €8,353 | €8,517 | €18,011 | ▲ 111% |
| Current investments50/53 | €3.1m | €1.4m | €2.9m | €3.2m | €2.7m | ▼ 14.6% |
| Cash at bank and in hand54/58 | €279,251 | €2.2m | €664,242 | €377,345 | €904,070 | ▲ 140% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €3.8m | €3.8m | €3.9m | €4.1m | ▲ 5.3% |
| Equity10/15 | €3.7m | €3.8m | €3.8m | €3.9m | €4.1m | ▲ 5.2% |
| Contributions10/11 | €52,871 | €163,259 | €163,259 | €163,259 | €163,259 | = |
| Capital10 | - | €52,871 | €52,871 | - | - | - |
| Issued capital100 | - | €52,871 | €52,871 | - | - | - |
| Outside capital11 | - | €110,388 | €110,388 | - | - | - |
| Share premium1100/10 | - | €110,388 | €110,388 | - | - | - |
| Reserves13 | €3.5m | €3.6m | €3.7m | €3.7m | €3.9m | ▲ 5.5% |
| Non-distributable reserves130/1 | - | €5,287 | €5,287 | - | - | - |
| Legal reserve130 | - | €5,287 | €5,287 | - | - | - |
| Tax-exempt reserves132 | - | €153,709 | €153,709 | €153,709 | €153,709 | = |
| Distributable reserves133 | - | €3.5m | €3.5m | €3.5m | €3.7m | ▲ 5.7% |
| Amounts payable17/49 | €6,059 | €20,008 | €3,259 | €9,896 | €11,753 | ▲ 18.8% |
| Amounts payable after more than one year17 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Other amounts payable178/9 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Amounts payable within one year42/48 | €3,059 | €17,008 | €259 | €6,896 | €8,753 | ▲ 26.9% |
| Trade debts44 | - | €489 | - | €6,896 | €8,753 | ▲ 26.9% |
| Suppliers440/4 | - | €489 | - | €6,896 | €8,753 | ▲ 26.9% |
| Taxes, remuneration and social security45 | - | €16,473 | - | - | - | - |
| Taxes450/3 | - | €16,473 | - | - | - | - |
| Other amounts payable47/48 | - | €46 | €259 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,886 | €119,461 | €16,365 | €35,368 | €201,686 | ▲ 470% |
| + Depreciation and write-downs630 | €20,459 | €12,750 | €12,750 | €12,754 | €12,750 | = |
| Operating cash flow (approximation) | €90,345 | €132,211 | €29,115 | €48,122 | €214,437 | ▲ 346% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€43,242 | -€149,705 | ▼ 246% |
| Change in cash | - | €1.9m | -€1.5m | -€286,897 | €526,724 | ▲ 284% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57059A0080/00G000 | Wallonia | 8,970 m² | 1 · 352 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.