ARTHIGAU
ActiveSummary
ARTHIGAU has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,000 and a net result of €49,206. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 646 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency29=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.7%
Return on assets
90.7%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 646 sector peers (2025).
NBB · sector comparisonPosition among 646 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-09-2025, 35 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
35 d early
2024
30 d early
2023
133 d early
2022
31 d early
2021
27 d early
2020
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 48 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close01-10-2026 today31-10-2026 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€49,206▼ 4.5%
2024 · €51,514
Working capital
€1,173▼ 36.5%
2024 · €1,849
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€78,220▲ 26.6%€83,983▲ 7.4%€76,357▼ 9.1%€63,076▼ 17.4%€65,736▲ 4.2%
Net result€59,472within the sector's middle half▲ 38.0%€63,282within the sector's middle half▲ 6.4%€57,472within the sector's middle half▼ 9.2%€51,514within the sector's middle half▼ 10.4%€49,206within the sector's middle half▼ 4.5%
Equity€104,569within the sector's middle half▲ 132%€167,851within the sector's middle half▲ 60.5%€2,000below the sector's middle half▼ 98.8%€2,000below the sector's middle half=€2,000below the sector's middle half=
Total assets€104,599below the sector's middle half▲ 92.3%€168,384below the sector's middle half▲ 61.0%€195,572within the sector's middle half▲ 16.1%€52,505below the sector's middle half▼ 73.2%€54,227below the sector's middle half▲ 3.3%
Debt€30▼ 99.7%€533▲ 1,677%€193,572▲ 36,218%€50,505▼ 73.9%€52,227▲ 3.4%
Working capital€103,975within the sector's middle half▲ 136%€166,793within the sector's middle half▲ 60.4%€1,494below the sector's middle half▼ 99.1%€1,849below the sector's middle half▲ 23.7%€1,173below the sector's middle half▼ 36.5%
Solvency100.0%above the sector's middle half▲ 17.0pp99.7%above the sector's middle half▼ 0.3pp1.0%below the sector's middle half▼ 98.7pp3.8%below the sector's middle half▲ 2.8pp3.7%below the sector's middle half▼ 0.1pp
Current ratio1.01below the sector's middle half1.04below the sector's middle half▲ 0.031.02below the sector's middle half▼ 0.01
Return on assets (ROA)56.9%above the sector's middle half▼ 22.4pp37.6%above the sector's middle half▼ 19.3pp29.4%within the sector's middle half▼ 8.2pp98.1%above the sector's middle half▲ 68.7pp90.7%above the sector's middle half▼ 7.4pp
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54,227
Fixed assets
€827 ▲ 446%
Current assets
€53,400 ▲ 2.0%
Equity and liabilities €54,227
Equity
€2,000 =
Debt
€52,227 ▲ 3.4%
Debt's share of the balance-sheet total rises from 96.2% to 96.3%. Debt is higher.
Key figures and ratios
EBITDA
€66,148▲
2024 · €63,431
Cash flow
€49,617▼
2024 · €51,869
Debt to equity
26.11▲
2024 · 25.25
Interest coverage
464.19▼
2024 · 528.59
Debt ≤ 1 year
€52,227▲
2024 · €50,505
Income taxes
€16,590▲
2024 · €12,209
A ratio outside any meaningful range has been withheld (balance sheet total €54,227, equity €2,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
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 497,341 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% | 1.8% |
| 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 2,153 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €395 | €599 | €552 | €354 | €412 | ▲ 16.2% |
| Other operating charges640/8 | - | €347 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €78,963 | €84,929 | €77,257 | €63,815 | €66,535 | ▲ 4.3% |
| Operating profit (loss)9901 | €78,220 | €83,983 | €76,357 | €63,076 | €65,736 | ▲ 4.2% |
| Financial income75/76B | - | €833 | €870 | €767 | €202 | ▼ 73.6% |
| Recurring financial income75 | €838 | €833 | €870 | €767 | €202 | ▼ 73.6% |
| Financial charges65/66B | - | €120 | €120 | €120 | €143 | ▲ 18.8% |
| Recurring financial charges65 | €115 | €120 | €120 | €120 | €143 | ▲ 18.8% |
| Profit (loss) for the period before taxes9903 | €78,943 | €84,696 | €77,108 | €63,723 | €65,796 | ▲ 3.3% |
| Income taxes67/77 | €19,471 | €21,414 | €19,635 | €12,209 | €16,590 | ▲ 35.9% |
| Profit (loss) for the period9904 | €59,472 | €63,282 | €57,472 | €51,514 | €49,206 | ▼ 4.5% |
| Profit (loss) for the period to be appropriated9905 | €59,472 | €63,282 | €57,472 | €51,514 | €49,206 | ▼ 4.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,599 | €168,384 | €195,572 | €52,505 | €54,227 | ▲ 3.3% |
| Fixed assets21/28 | €594 | €1,058 | €506 | €152 | €827 | ▲ 446% |
| Tangible fixed assets22/27 | €594 | €1,058 | €506 | €152 | €827 | ▲ 446% |
| Furniture and vehicles24 | - | €1,058 | €506 | €152 | €827 | ▲ 446% |
| Current assets29/58 | €104,005 | €167,326 | €195,067 | €52,354 | €53,400 | ▲ 2.0% |
| Amounts receivable within one year40/41 | €30,249 | €29,102 | €1,200 | €4,100 | €4,930 | ▲ 20.3% |
| Other amounts receivable41 | - | €29,102 | €1,200 | €4,100 | €4,930 | ▲ 20.3% |
| Cash at bank and in hand54/58 | €68,797 | €132,500 | €184,368 | €40,028 | €38,876 | ▼ 2.9% |
| Deferred charges and accrued income490/1 | - | €5,724 | €9,498 | €8,226 | €9,593 | ▲ 16.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,599 | €168,384 | €195,572 | €52,505 | €54,227 | ▲ 3.3% |
| Equity10/15 | €104,569 | €167,851 | €2,000 | €2,000 | €2,000 | = |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €102,569 | €165,851 | - | - | - | - |
| Amounts payable17/49 | €30 | €533 | €193,572 | €50,505 | €52,227 | ▲ 3.4% |
| Amounts payable within one year42/48 | €30 | €533 | €193,572 | €50,505 | €52,227 | ▲ 3.4% |
| Trade debts44 | €30 | €33 | €35 | €35 | €36 | ▲ 3.7% |
| Suppliers440/4 | - | €33 | €35 | €35 | €36 | ▲ 3.7% |
| Taxes, remuneration and social security45 | - | €500 | €33,499 | €7,727 | €7,381 | ▼ 4.5% |
| Taxes450/3 | - | €500 | €33,499 | €7,727 | €7,381 | ▼ 4.5% |
| Other amounts payable47/48 | - | - | €160,039 | €42,743 | €44,810 | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,472 | €63,282 | €57,472 | €51,514 | €49,206 | ▼ 4.5% |
| + Depreciation and write-downs630 | €395 | €599 | €552 | €354 | €412 | ▲ 16.2% |
| Operating cash flow (approximation) | €59,867 | €63,881 | €58,025 | €51,869 | €49,617 | ▼ 4.3% |
| Investment in fixed assets (approximation) | - | -€1,063 | -€0 | €0 | -€1,087 | - |
| Change in cash | - | €63,703 | €51,868 | -€144,340 | -€1,152 | ▲ 99.2% |
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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Highest result since 2020net €63,282 ▲6.4%
Operating result €83,983, net result €63,282, both a record.
31-03
Financial
Equity above €150,000Eq €167,851 ▲60.5%
3 profitable years in a row build equity to €167,851.
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Liquidity times 603current ratio 3466.83
Current ratio from 5.75 to 3466.83; short-term debt falls from €9,285 to €30.
31-03
Financial
Equity above €100,000Eq €104,569 ▲132%
2 profitable years in a row build equity to €104,569.
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2019
Ground area
480 m²
Building footprint
118 m²
Volume, LiDAR
1,155 m³
Parcel 25110D0203/00_000, Wallonia · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ARTHIGAU
since 20192.295.815.695
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110D0203/00_000 | Wallonia | 480 m² | 1 · 117 m² | 12.8 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.
Similar companies · same sector, comparable size
Huisartsen De Komme
BE 0675.646.273
Brugge · Eq €2,000
Smeets Morgane
BE 0728.825.930
Namur · Eq €2,000
DR. NATHALIE VAN DE BRIEL
BE 0736.828.331
Brecht · Eq €2,000
SOPHIE BLANPAIN
BE 0742.576.372
Eghezée · Eq €2,000
Dr. Margot Stenveld
BE 0752.612.211
Aarschot · Eq €2,000
Of 9,130 companies in this sector we hold annual accounts for 6,339. 765 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded06-10-2019
Fiscal year end31-03
Activities, NACEBEL 2025
86210General medical practice
Contact
E-mail
arthigaumed@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735738070
Also
9925:BE0735738070
Registered
15-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.