ARTHAN
ActiveSummary
ARTHAN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €38,136 and a net result of €368,730. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 451 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency32▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.04 in 2025; short-term debt: 93% and cash: 87.6% of total assets), and 93% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 2026Solvency, return and age of the figures
Solvency
7%
Return on assets
67.7%
Age of the figures
3 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 451 sector peers (2026).
NBB · sector comparisonPosition among 451 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 18-09-2026, 135 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2026
135 d early
2025
39 d early
2024
102 d early
2023
76 d early
2022
112 d early
2021
96 d early
2020
74 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 91 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today. Usually files around 21 October (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-06-2027 close31-01-2028 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, micro schema
Equity
€38,136▲ 96.5%
2025 · €19,406
Total assets
€544,402▼ 39.0%
2025 · €892,944
Net result
€368,730▲ 1.0%
2025 · €364,952
Working capital
-€13,584
2025 · €34,275
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20222023202420252026
Operating result€510,256▲ 123%€447,037▼ 12.4%€531,957▲ 19.0%€488,103▼ 8.2%€493,260▲ 1.1%
Net result€386,516above the sector's middle half▲ 120%€334,329above the sector's middle half▼ 13.5%€392,438above the sector's middle half▲ 17.4%€364,952above the sector's middle half▼ 7.0%€368,730▲ 1.0%
Equity€734,662above the sector's middle half▲ 111%€20,007below the sector's middle half▼ 97.3%€272,446above the sector's middle half▲ 1,262%€19,406below the sector's middle half▼ 92.9%€38,136▲ 96.5%
Total assets€855,745above the sector's middle half▼ 4.3%€232,506within the sector's middle half▼ 72.8%€683,773above the sector's middle half▲ 194%€892,944above the sector's middle half▲ 30.6%€544,402▼ 39.0%
Debt€121,083▼ 77.8%€212,499▲ 75.5%€411,327▲ 93.6%€873,538▲ 112%€506,266▼ 42.0%
Working capital€704,713above the sector's middle half▲ 130%€1,269within the sector's middle half▼ 99.8%€272,526above the sector's middle half▲ 21,376%€34,275within the sector's middle half▼ 87.4%-€13,584
Solvency85.9%above the sector's middle half▲ 46.9pp8.6%below the sector's middle half▼ 77.2pp39.8%within the sector's middle half▲ 31.2pp2.2%below the sector's middle half▼ 37.7pp7.0%▲ 4.8pp
Current ratio6.82above the sector's middle half▲ 5.261.01below the sector's middle half▼ 5.811.68within the sector's middle half▲ 0.671.04within the sector's middle half▼ 0.640.97▼ 0.07
Return on assets (ROA)45.2%above the sector's middle half▲ 25.5pp143.8%above the sector's middle half▲ 98.6pp57.4%above the sector's middle half▼ 86.4pp40.9%above the sector's middle half▼ 16.5pp67.7%▲ 26.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 2026; 2026 is 1% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €544,402
Fixed assets
€51,720
Current assets
€492,682
Equity and liabilities €544,402
Equity
€38,136 ▲ 96.5%
Debt
€506,266 ▼ 42.0%
Debt's share of the balance-sheet total falls from 97.8% to 93.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€493,402▼
2025 · €495,631
Cash flow
€368,873▼
2025 · €372,479
Debt to equity
13.28▼
2025 · 45.01
ROE
966.9%
Interest coverage
905.32▲
2025 · 31.78
Debt ≤ 1 year
€506,266▼
2025 · €858,669
Income taxes
€123,984▲
2025 · €122,557
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 875 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,211 | €11,211 | €11,211 | €7,528 | €142 | ▼ 98.1% |
| Other operating charges640/8 | €645 | €1,635 | €1,276 | €1,455 | €727 | ▼ 50.1% |
| Gross operating margin9900 | €522,112 | €459,882 | €544,444 | €497,086 | €494,128 | ▼ 0.6% |
| Operating profit (loss)9901 | €510,256 | €447,037 | €531,957 | €488,103 | €493,260 | ▲ 1.1% |
| Financial income75/76B | - | - | - | €15,000 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €15,000 | €0 | ▼ 100% |
| Financial charges65/66B | €389 | €548 | €7,793 | €15,594 | €545 | ▼ 96.5% |
| Recurring financial charges65 | €389 | €548 | €7,793 | €15,594 | €545 | ▼ 96.5% |
| Profit (loss) for the period before taxes9903 | €509,867 | €446,489 | €524,164 | €487,509 | €492,715 | ▲ 1.1% |
| Income taxes67/77 | €123,350 | €112,160 | €131,725 | €122,557 | €123,984 | ▲ 1.2% |
| Profit (loss) for the period9904 | €386,516 | €334,329 | €392,438 | €364,952 | €368,730 | ▲ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €386,516 | €334,329 | €392,438 | €364,952 | €368,730 | ▲ 1.0% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €855,745 | €232,506 | €683,773 | €892,944 | €544,402 | ▼ 39.0% |
| Fixed assets21/28 | €29,949 | €18,738 | €7,528 | €0 | €51,720 | - |
| Tangible fixed assets22/27 | €29,949 | €18,738 | €7,528 | €0 | €51,720 | - |
| Furniture and vehicles24 | €29,949 | €18,738 | €7,528 | €0 | €51,720 | - |
| Current assets29/58 | €825,796 | €213,768 | €676,245 | €892,944 | €492,682 | ▼ 44.8% |
| Amounts receivable within one year40/41 | €405,350 | €30,461 | €19,591 | €20,084 | €15,125 | ▼ 24.7% |
| Trade receivables40 | €405,350 | €17,621 | €19,591 | €20,084 | €15,125 | ▼ 24.7% |
| Other amounts receivable41 | €0 | €12,840 | €0 | - | - | - |
| Current investments50/53 | - | - | €500,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €417,308 | €182,690 | €156,040 | €869,747 | €476,928 | ▼ 45.2% |
| Deferred charges and accrued income490/1 | €3,137 | €616 | €615 | €3,113 | €630 | ▼ 79.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €855,745 | €232,506 | €683,773 | €892,944 | €544,402 | ▼ 39.0% |
| Equity10/15 | €734,662 | €20,007 | €272,446 | €19,406 | €38,136 | ▲ 96.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €716,062 | €1,407 | €253,846 | €806 | €19,536 | ▲ 2,325% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | €806 | €806 | €806 | €806 | €806 | = |
| Distributable reserves133 | €715,256 | €602 | €253,040 | €0 | €18,730 | - |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €121,083 | €212,499 | €411,327 | €873,538 | €506,266 | ▼ 42.0% |
| Amounts payable within one year42/48 | €121,083 | €212,499 | €403,719 | €858,669 | €506,266 | ▼ 41.0% |
| Trade debts44 | €1,706 | €75 | €4,219 | €4,569 | €220 | ▼ 95.2% |
| Suppliers440/4 | €1,706 | €75 | €4,219 | €4,569 | €220 | ▼ 95.2% |
| Taxes, remuneration and social security45 | €105,134 | €49,788 | €118,837 | €83,711 | €73,539 | ▼ 12.2% |
| Taxes450/3 | €80,774 | €43,033 | €109,190 | €68,764 | €68,925 | ▲ 0.2% |
| Remuneration and social security454/9 | €24,360 | €6,755 | €9,647 | €14,947 | €4,614 | ▼ 69.1% |
| Other amounts payable47/48 | €14,242 | €162,635 | €280,663 | €770,389 | €432,507 | ▼ 43.9% |
| Accrued charges and deferred income492/3 | - | - | €7,608 | €14,870 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €386,516 | €334,329 | €392,438 | €364,952 | €368,730 | ▲ 1.0% |
| + Depreciation and write-downs630 | €11,211 | €11,211 | €11,211 | €7,528 | €142 | ▼ 98.1% |
| Operating cash flow (approximation) | €397,727 | €345,539 | €403,649 | €372,479 | €368,873 | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€51,862 | - |
| Change in cash | - | -€234,618 | -€26,651 | €713,707 | -€392,819 | ▼ 155% |
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 2027, expected by
2026
18-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €392,438 ▲17.4%
Net result €392,438, the highest in the series.
30-06
Financial
Equity above €200,000Eq €272,446 ▲1,262%
6 profitable years in a row build equity to €272,446.
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Liquidity quadruplescurrent ratio 6.82
Current ratio from 1.56 to 6.82; short-term debt falls from €545,700 to €121,083.
30-06
Financial
Equity above €500,000Eq €734,662 ▲111%
4 profitable years in a row build equity to €734,662.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €175,587 ▼30.1%
Net result drops to €175,587, the lowest in the series; recovery starts the following year.
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
30-06
Financial
Equity above €500,000Eq €672,558 ▲62%
2 profitable years in a row build equity to €672,558.
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Wevelgem · 1 establishment unit since 2017
Ground area
1,622 m²
Building footprint
202 m²
Parcel 34012B0479/00B000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARTHAN
since 20172.271.194.523
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012B0479/00B000 | Flanders | 1,622 m² | 1 · 202 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 214 EUR awarded · 214 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 214 EUR | 214 EUR |
Similar companies · same sector, comparable size
Brighter Future
BE 0699.537.076
Tervuren · Eq €38,135
Drawconsult
BE 0649.405.991
Bastogne · Eq €38,134
NEXINT
BE 0818.938.237
Aalst · Eq €38,142
Superfluid
BE 1005.834.867
Deinze · Eq €38,129
D&R Consultance
BE 0797.828.463
Spa · Eq €38,128
Of 82,641 companies in sector 70200 we hold annual accounts for 52,623. 36,403 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
Founded07-12-2017
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
arthur@hanssens.beWevelgem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685738530
Registered
27-03-2026
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.