ARSTON
ActiveSummary
ARSTON has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85,613 and a net result of €30,245. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+6
Solvency93▼-7
Growth52▲+17
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 3.08 against 7.21 in 2024; short-term debt: 32.5% and cash: 1.5% of total assets), and 32.5% of the assets are financed with debt.
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Signals
Four 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
67.5%
Return on assets
23.9%
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 27-07-2026, 4 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
4 d early
2024
58 d late
2023
36 d early
2022
38 d early
2021
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 13 days before 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€254,212▼ 21.0%
2021 · €321,947
EBIT margin
-2.9%▼ 15.9pp
2021 · 13.0%
Net result
€30,245▲ 120%
2024 · €13,758
Working capital
€85,613▲ 54.6%
2024 · €55,367
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20212022202320242025
Turnover€321,947-€254,212▼ 21.0%
Operating result€41,776--€7,312€23,692€15,659▼ 33.9%€49,605▲ 217%
Net result€29,338within the sector's middle half--€10,069below the sector's middle half€17,340within the sector's middle half€13,758within the sector's middle half▼ 20.7%€30,245within the sector's middle half▲ 120%
EBIT margin13.0%--2.9%▼ 15.9pp
Equity€34,338within the sector's middle half-€24,270within the sector's middle half▼ 29.3%€41,610within the sector's middle half▲ 71.4%€55,367within the sector's middle half▲ 33.1%€85,613within the sector's middle half▲ 54.6%
Total assets€49,612below the sector's middle half-€51,905below the sector's middle half▲ 4.6%€50,741below the sector's middle half▼ 2.2%€64,280below the sector's middle half▲ 26.7%€126,740below the sector's middle half▲ 97.2%
Debt€15,274-€27,635▲ 80.9%€9,132▼ 67.0%€8,913▼ 2.4%€41,128▲ 361%
Working capital€34,338-€24,270▼ 29.3%€41,610▲ 71.4%€55,367▲ 33.1%€85,613▲ 54.6%
Solvency69.2%above the sector's middle half-46.8%within the sector's middle half▼ 22.5pp82.0%above the sector's middle half▲ 35.2pp86.1%above the sector's middle half▲ 4.1pp67.5%above the sector's middle half▼ 18.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 217% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €126,740
Equity
€85,613 ▲ 54.6%
Debt
€41,128 ▲ 361%
Debt's share of the balance-sheet total rises from 13.9% to 32.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
3.08▼
2024 · 7.21
Debt to equity
0.48▲
2024 · 0.16
ROE
35.3%▲
2024 · 24.8%
ROA
23.9%▲
2024 · 21.4%
Debt ≤ 1 year
€41,128▲
2024 · €8,913
Income taxes
€14,497▲
2024 · €1,376
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 26,964 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €321,947 | €254,212 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €5,000 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €280,056 | €267,976 | - | - | - | - |
| Other operating charges640/8 | €541 | €342 | €902 | €352 | €406 | ▲ 15.4% |
| Gross operating margin9900 | €42,317 | -€6,970 | €24,594 | €16,011 | €50,011 | ▲ 212% |
| Operating profit (loss)9901 | €41,776 | -€7,312 | €23,692 | €15,659 | €49,605 | ▲ 217% |
| Financial income75/76B | €446 | €1 | €2,821 | €3 | €0 | ▼ 95.5% |
| Recurring financial income75 | €446 | €1 | €2,821 | €3 | €0 | ▼ 95.5% |
| Financial charges65/66B | €1,323 | €2,757 | €1,756 | €529 | €4,863 | ▲ 819% |
| Recurring financial charges65 | €1,323 | €2,757 | €1,756 | €529 | €4,863 | ▲ 819% |
| Profit (loss) for the period before taxes9903 | €40,899 | -€10,069 | €24,757 | €15,133 | €44,743 | ▲ 196% |
| Income taxes67/77 | €11,561 | - | €7,417 | €1,376 | €14,497 | ▲ 954% |
| Profit (loss) for the period9904 | €29,338 | -€10,069 | €17,340 | €13,758 | €30,245 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €29,338 | -€10,069 | €17,340 | €13,758 | €30,245 | ▲ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,612 | €51,905 | €50,741 | €64,280 | €126,740 | ▲ 97.2% |
| Current assets29/58 | €49,612 | €51,905 | €50,741 | €64,280 | €126,740 | ▲ 97.2% |
| Amounts receivable within one year40/41 | €40,646 | €50,220 | €44,140 | €55,440 | €105,735 | ▲ 90.7% |
| Trade receivables40 | €24,465 | €18,234 | €11,324 | €12,833 | €19,353 | ▲ 50.8% |
| Other amounts receivable41 | €16,181 | €31,986 | €32,816 | €42,607 | €86,382 | ▲ 103% |
| Cash at bank and in hand54/58 | €8,966 | €1,684 | €6,601 | €8,841 | €1,880 | ▼ 78.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €19,126 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,612 | €51,905 | €50,741 | €64,280 | €126,740 | ▲ 97.2% |
| Equity10/15 | €34,338 | €24,270 | €41,610 | €55,367 | €85,613 | ▲ 54.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €29,338 | €29,338 | €46,678 | €60,436 | €90,681 | ▲ 50.0% |
| Distributable reserves133 | €29,338 | €29,338 | €46,678 | €60,436 | €90,681 | ▲ 50.0% |
| Profit (loss) carried forward14 | - | -€10,069 | -€10,069 | -€10,069 | -€10,069 | = |
| Amounts payable17/49 | €15,274 | €27,635 | €9,132 | €8,913 | €41,128 | ▲ 361% |
| Amounts payable within one year42/48 | €15,274 | €27,635 | €9,132 | €8,913 | €41,128 | ▲ 361% |
| Trade debts44 | €3,713 | €17,137 | €2,837 | €180 | €24,549 | ▲ 13,548% |
| Suppliers440/4 | €3,713 | €17,137 | €2,837 | €180 | €24,549 | ▲ 13,548% |
| Bills of exchange payable441 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €11,561 | €10,498 | €6,294 | €8,733 | €16,579 | ▲ 89.8% |
| Taxes450/3 | €11,561 | €10,498 | €6,294 | €8,733 | €16,579 | ▲ 89.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,338 | -€10,069 | €17,340 | €13,758 | €30,245 | ▲ 120% |
| Operating cash flow (approximation) | €29,338 | -€10,069 | €17,340 | €13,758 | €30,245 | ▲ 120% |
| Change in cash | - | -€7,281 | €4,917 | €2,239 | -€6,961 | ▼ 411% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €30,245 ▲120%
Operating result €49,605, net result €30,245, both a record.
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €17,340
Net result €17,340 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.56
Current ratio from 1.88 to 5.56; short-term debt falls from €27,635 to €9,132.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€10,069
Net result drops to -€10,069, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2020
Ground area
6,457 m²
Building footprint
913 m²
Volume, LiDAR
29,143 m³
Parcel 11003A0226/00A002, Flanders · tallest building 36.2 m, ±11 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
ARSTON
since 20202.308.388.578
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0226/00A002 | Flanders | 6,457 m² | 1 · 913 m² | 36.2 m · 11 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 9,699 companies in sector 68121 we hold annual accounts for 7,393. 5,287 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43110Demolition
43211General electrical installation work
43221Plumbing work
43320Joinery installation
43990Other specialised construction activities
Contact
E-mail
info@arston.beAntwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755860721
Also
9925:BE0755860721
Registered
30-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.