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ARTHUP

Active
Private limited companyfounded 20223 yrs activeRue de la Régence(BIN) 15, 7130 Binche, BelgiumKBO/BCE: BE 0794.968.646
Summary

The computed 12-month bankruptcy probability of ARTHUP is 3.3% (moderate). The 2024 annual accounts show equity of €106,354 and a net result of €51,271. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency97▲+2
Growth52
Track record94
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 3.54 against 3.24 in 2023; short-term debt: 28.1% and cash: 38.7% of total assets), and 28.1% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
28 d late
2023
29 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 1 day 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ARTHUP was incorporated on 19 December 2022 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€106,354▲ 93.1%
2023 · €55,084
Total assets
€147,957▲ 86.8%
2023 · €79,208
Net result
€51,271▼ 3.4%
2023 · €53,084
Working capital
€105,856▲ 95.7%
2023 · €54,086
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€67,666-€64,974▼ 4.0%
Net result€53,084-€51,271▼ 3.4%
Equity€55,084-€106,354▲ 93.1%
Total assets€79,208-€147,957▲ 86.8%
Debt€24,124-€41,603▲ 72.5%
Working capital€54,086-€105,856▲ 95.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2023: €67,666€67,666Net result 2023: €53,084€53,084Operating result 2024: €64,974€64,974Net result 2024: €51,271€51,27120232024€0€20,000€40,000€60,000Operating result 2023: €67,666€67,700Net result 2023: €53,084€53,100Operating result 2024: €64,974€65,000Net result 2024: €51,271€51,30020232024
The operating result falls in 2024; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €147,957
Fixed assets €498 ▼ 50.1%
Current assets €147,459 ▲ 88.5%
Equity and liabilities €147,957
Equity €106,354 ▲ 93.1%
Debt €41,603 ▲ 72.5%
Debt's share of the balance-sheet total falls from 30.5% to 28.1%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€65,473▼
2023 · €68,167
Cash flow
€51,770▼
2023 · €53,585
Current ratio
3.54▲
2023 · 3.24
Debt to equity
0.39▼
2023 · 0.44
ROE
48.2%▼
2023 · 96.4%
ROA
34.7%▼
2023 · 67.0%
Interest coverage
981.91▼
2023 · 1450.36
Debt ≤ 1 year
€41,603▲
2023 · €24,124
Income taxes
€13,637▼
2023 · €14,535
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.3% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,276 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€79,208€147,957▲
Fixed assets21/28€998€498▼
Tangible fixed assets22/27€998€498▼
Furniture and vehicles24€998€498▼
Current assets29/58€78,210€147,459▲
Amounts receivable within one year40/41€66,383€81,438▲
Trade receivables40€66,383€81,438▲
Cash at bank and in hand54/58€11,792€57,234▲
Deferred charges and accrued income490/1€35€8,787▲
Equity and liabilities
Total equity and liabilities10/49€79,208€147,957▲
Equity10/15€55,084€106,354▲
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€53,084€104,354▲
Amounts payable17/49€24,124€41,603▲
Amounts payable within one year42/48€24,124€41,603▲
Trade debts44€2,765€497▼
Suppliers440/4€2,765€497▼
Taxes, remuneration and social security45€17,735€36,172▲
Taxes450/3€16,335€32,172▲
Remuneration and social security454/9€1,400€4,000▲
Other amounts payable47/48€3,624€4,934▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€501€500▼
Other operating charges640/8€900€1,209▲
Gross operating margin9900€69,067€66,683▼
Operating profit (loss)9901€67,666€64,974▼
Financial charges65/66B€47€67▲
Recurring financial charges65€47€67▲
Profit (loss) for the period before taxes9903€67,619€64,907▼
Income taxes67/77€14,535€13,637▼
Profit (loss) for the period9904€53,084€51,271▼
Profit (loss) for the period to be appropriated9905€53,084€51,271▼
Appropriation of the result
Profit (loss) to be appropriated9906€53,084€104,354▲
Profit (loss) brought forward from the previous period14P-€53,084

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€501€500▼ 0.3%
Other operating charges640/8€900€1,209▲ 34.3%
Gross operating margin9900€69,067€66,683▼ 3.5%
Operating profit (loss)9901€67,666€64,974▼ 4.0%
Financial charges65/66B€47€67▲ 41.9%
Recurring financial charges65€47€67▲ 41.9%
Profit (loss) for the period before taxes9903€67,619€64,907▼ 4.0%
Income taxes67/77€14,535€13,637▼ 6.2%
Profit (loss) for the period9904€53,084€51,271▼ 3.4%
Profit (loss) for the period to be appropriated9905€53,084€51,271▼ 3.4%
Line20232024Change
Assets
Total assets20/58€79,208€147,957▲ 86.8%
Fixed assets21/28€998€498▼ 50.1%
Tangible fixed assets22/27€998€498▼ 50.1%
Furniture and vehicles24€998€498▼ 50.1%
Current assets29/58€78,210€147,459▲ 88.5%
Amounts receivable within one year40/41€66,383€81,438▲ 22.7%
Trade receivables40€66,383€81,438▲ 22.7%
Cash at bank and in hand54/58€11,792€57,234▲ 385%
Deferred charges and accrued income490/1€35€8,787▲ 25,005%
Equity and liabilities
Total equity and liabilities10/49€79,208€147,957▲ 86.8%
Equity10/15€55,084€106,354▲ 93.1%
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€53,084€104,354▲ 96.6%
Amounts payable17/49€24,124€41,603▲ 72.5%
Amounts payable within one year42/48€24,124€41,603▲ 72.5%
Trade debts44€2,765€497▼ 82.0%
Suppliers440/4€2,765€497▼ 82.0%
Taxes, remuneration and social security45€17,735€36,172▲ 104%
Taxes450/3€16,335€32,172▲ 96.9%
Remuneration and social security454/9€1,400€4,000▲ 186%
Other amounts payable47/48€3,624€4,934▲ 36.1%
Line20232024Change
Profit (loss) for the period9904€53,084€51,271▼ 3.4%
+ Depreciation and write-downs630€501€500▼ 0.3%
Operating cash flow (approximation)€53,585€51,770▼ 3.4%
Investment in fixed assets (approximation)-€0-
Change in cash-€45,442-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial Equity above €100,000Eq €106,354 ▲93.1%
2 profitable years in a row build equity to €106,354.
02-07
NBB filing Annual accounts filed
fiscal year 2023 · 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, Binche · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,699 m²
Building footprint
130 m²
Volume, LiDAR
517 m³
2 parcels, Wallonia · tallest building 12.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CABINET DE PAEPE
Rue d' Anderlues(CAR) 20, 7141 MorlanwelzHuman health activities
since 20232.342.649.968
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
56015B0060/00W000 Wallonia 1,638 m² 1 · 83 m² -
56011B0783/00B000 Wallonia 61 m² 1 · 47 m² 12.1 m · 4 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded19-12-2022
Fiscal year end31-12
Contact
Website cabinetdepaepe.comMorlanwelz
Phone 0476383031Morlanwelz
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.