ARSTEY
ARSTEY has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €10k. Equity is shrinking by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 15% of 1839 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €38k |
| Net result | €10k |
| Staff (FTE) | 1 |
| Better than sector | 15% |
Mixed profile: strong on profitability, weaker on solvency.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 9.8% | 45.5% | |
| Net result | €10k | €12k | |
| Equity | €38k | €77k | |
| Gross operating margin | €137k | €48k | |
| Staff costs | €68k | €43k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €65k | €53k | €51k | €64k |
| Net profit | €10k | €-2k | €5k | €21k |
| Cash flow | €54k | €39k | €38k | €50k |
| Staff costs | €68k | €61k | €39k | €17k |
| Income taxes | €7k | €9k | €7k | €11k |
| Dividends | €155k | - | €0 | €40k |
| Total assets | €386k | €513k | €527k | €646k |
| Equity | €38k | €183k | €185k | €181k |
| Debt | €348k | €330k | €342k | €465k |
| of which ≤ 1y | €185k | €114k | €70k | €139k |
| of which > 1y | €163k | €216k | €271k | €325k |
| Working capital | €-85k | €70k | €164k | €224k |
| Employees (FTE) | 1.0 | 1.0 | 0.7 | 0.5 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.54 | 1.61 | 3.33 | 2.61 |
| Quick ratio | 0.54 | 1.61 | 3.33 | 2.61 |
| Working capital ratio | -21.9% | 13.6% | 31.1% | 34.7% |
| Solvency | 9.8% | 35.7% | 35.2% | 28.0% |
| Debt / equity | 9.18 | 1.80 | 1.84 | 2.57 |
| Long-term debt ratio | 4.29 | 1.18 | 1.46 | 1.80 |
| Interest coverage | 14.12 | 9.60 | 8.26 | 16.39 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 2.5% | -0.4% | 0.9% | 3.3% |
| ROE | 25.8% | -1.2% | 2.5% | 11.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €386k | €513k | €527k | €646k |
| Fixed assets | 21/28 | €286k | €330k | €293k | €283k |
| Tangible fixed assets | 22/27 | €285k | €329k | €292k | €282k |
| Financial fixed assets | 28 | €163 | €163 | €163 | €163 |
| Current assets | 29/58 | €101k | €184k | €234k | €363k |
| Amounts receivable within one year | 40/41 | €72k | €100k | €75k | €75k |
| Cash & bank | 54/58 | €28k | €33k | €160k | €281k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €386k | €513k | €527k | €646k |
| Equity | 10/15 | €38k | €183k | €185k | €181k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €19k | €165k | €167k | €162k |
| Accumulated profits (losses) | 14 | €0 | - | €0 | €0 |
| Amounts payable | 17/49 | €348k | €330k | €342k | €465k |
| Amounts payable after one year | 17 | €163k | €216k | €271k | €325k |
| Amounts payable within one year | 42/48 | €185k | €114k | €70k | €139k |
| Trade debts payable within one year | 44 | €10k | €25k | €7k | €15k |
| Income statement | |||||
| Gross operating margin | 9900 | €137k | €117k | €97k | €91k |
| Operating result | 9901 | €21k | €11k | €18k | €36k |
| Financial income | 75 | €348 | €651 | €19 | €0 |
| Financial charges | 65 | €5k | €5k | €6k | €4k |
| Result before taxes | 9903 | €17k | €6k | €12k | €32k |
| Income taxes | 67/77 | €7k | €9k | €7k | €11k |
| Net result for the period | 9904 | €10k | €-2k | €5k | €21k |
| Result to be appropriated | 9905 | €10k | €-2k | €5k | €21k |
-
Arne STEYAERTSole directorState Gazette act 24363966 (21-02-2024)Current21-02-2024 → present
| NACE primary | Manufacture of metal structures and parts of structures(25110) |
| Legal form | Private limited company(610) |
| Incorporation | 22-03-2016 |
| Status | Active |
| Postal code | 9810 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048E0166/00G000 | Flanders | 2,308 m² | 1 · 317 m² | 11.0 m · 1 fl. |
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.
21-02-2024 Arne STEYAERT appointed as sole director
- Arne STEYAERT, Enig bestuurder
Technical details
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}| Legal nameNL | ARSTEY |