ARTHUR DECOR
ActiveSummary
ARTHUR DECOR has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €532,639 and a net result of -€121,655. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 74% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-88
Solvency95▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 10.08 against 5.41 in 2024; short-term debt: 7.2% and cash: 36% of total assets), and 30.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 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 · 10 filingsDeviation from the deadline
2025
47 d late
2024
61 d late
2023
86 d late
2022
60 d late
2021
61 d late
2020
75 d late
2019
115 d late
← 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 72 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€637,252
EBIT margin
9.0%
Net result
-€121,655
2024 · €150,030
Working capital
€499,702▼ 20.2%
2024 · €625,860
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Operating result€158,295▲ 176%€57,888▼ 63.4%€84,600▲ 46.1%€205,709▲ 143%-€114,013
Net result€109,269above the sector's middle half▲ 228%€31,405above the sector's middle half▼ 71.3%€52,355above the sector's middle half▲ 66.7%€150,030above the sector's middle half▲ 187%-€121,655below the sector's middle half
EBIT margin
Equity€441,932above the sector's middle half▲ 32.8%€473,337above the sector's middle half▲ 7.1%€525,692above the sector's middle half▲ 11.1%€654,294above the sector's middle half▲ 24.5%€532,639above the sector's middle half▼ 18.6%
Total assets€745,283above the sector's middle half▲ 22.7%€800,504above the sector's middle half▲ 7.4%€834,324above the sector's middle half▲ 4.2%€983,858above the sector's middle half▲ 17.9%€764,162above the sector's middle half▼ 22.3%
Debt€303,351▲ 10.4%€327,166▲ 7.9%€308,632▼ 5.7%€329,564▲ 6.8%€231,524▼ 29.7%
Working capital€406,231above the sector's middle half▲ 38.1%€424,647above the sector's middle half▲ 4.5%€484,117above the sector's middle half▲ 14.0%€625,860above the sector's middle half▲ 29.3%€499,702above the sector's middle half▼ 20.2%
Solvency59.3%within the sector's middle half▲ 4.5pp59.1%within the sector's middle half▼ 0.2pp63.0%within the sector's middle half▲ 3.9pp66.5%within the sector's middle half▲ 3.5pp69.7%within the sector's middle half▲ 3.2pp
Current ratio5.16above the sector's middle half▼ 0.684.25above the sector's middle half▼ 0.905.11above the sector's middle half▲ 0.865.41above the sector's middle half▲ 0.3010.08above the sector's middle half▲ 4.67
Return on assets (ROA)14.7%within the sector's middle half▲ 9.2pp3.9%within the sector's middle half▼ 10.7pp6.3%within the sector's middle half▲ 2.4pp15.2%within the sector's middle half▲ 9.0pp-15.9%below the sector's middle half▼ 31.2pp
Staff (FTE)1.72▲ 17.6%2=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 turns negative in 2025: a loss of €114,013 after €205,709 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €764,162
Fixed assets
€209,432 ▼ 3.1%
Current assets
€554,730 ▼ 27.7%
Equity and liabilities €764,162
Equity
€532,639 ▼ 18.6%
Debt
€231,524 ▼ 29.7%
Debt's share of the balance-sheet total falls from 33.5% to 30.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€99,603▼
2024 · €219,284
Cash flow
-€107,246▼
2024 · €163,605
Debt to equity
0.43▼
2024 · 0.50
ROE
-22.8%▼
2024 · 22.9%
Interest coverage
-16.02▼
2024 · 36.97
Debt ≤ 1 year
€55,028▼
2024 · €141,911
Debt > 1 year
€176,495▼
2024 · €187,653
Income taxes
€5,941▼
2024 · €55,043
Staff costs
€103,307▲
2024 · €96,036
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,662 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% | 1.7% |
| 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 5,836 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €250 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €75,688 | €96,036 | €103,307 | ▲ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,318 | €12,400 | €16,020 | €13,575 | €14,409 | ▲ 6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €136,258 | - |
| Other operating charges640/8 | €4,532 | €2,537 | €5,360 | €5,737 | €2,286 | ▼ 60.2% |
| Gross operating margin9900 | €175,145 | €72,824 | €181,668 | €321,058 | €142,248 | ▼ 55.7% |
| Operating profit (loss)9901 | €158,295 | €57,888 | €84,600 | €205,709 | -€114,013 | ▼ 155% |
| Financial income75/76B | €134 | €177 | €55 | €5,295 | €4,516 | ▼ 14.7% |
| Recurring financial income75 | €134 | €177 | €55 | €5,295 | €4,516 | ▼ 14.7% |
| Financial charges65/66B | €13,024 | €12,033 | €11,786 | €5,931 | €6,218 | ▲ 4.8% |
| Recurring financial charges65 | €13,024 | €12,033 | €11,786 | €5,931 | €6,218 | ▲ 4.8% |
| Profit (loss) for the period before taxes9903 | €145,405 | €46,032 | €72,868 | €205,073 | -€115,714 | ▼ 156% |
| Income taxes67/77 | €36,136 | €14,627 | €20,513 | €55,043 | €5,941 | ▼ 89.2% |
| Profit (loss) for the period9904 | €109,269 | €31,405 | €52,355 | €150,030 | -€121,655 | ▼ 181% |
| Profit (loss) for the period to be appropriated9905 | €109,269 | €31,405 | €52,355 | €150,030 | -€121,655 | ▼ 181% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €745,283 | €800,504 | €834,324 | €983,858 | €764,162 | ▼ 22.3% |
| Fixed assets21/28 | €241,322 | €245,266 | €232,367 | €216,087 | €209,432 | ▼ 3.1% |
| Tangible fixed assets22/27 | €241,322 | €245,266 | €231,955 | €215,676 | €209,021 | ▼ 3.1% |
| Land and buildings22 | €240,578 | €229,665 | €218,752 | €207,838 | €196,925 | ▼ 5.3% |
| Plant, machinery and equipment23 | - | €799 | €634 | €470 | €305 | ▼ 35.0% |
| Furniture and vehicles24 | €744 | €14,802 | €12,569 | €7,367 | €11,790 | ▲ 60.0% |
| Financial fixed assets28 | - | - | €411 | €411 | €411 | = |
| Current assets29/58 | €503,961 | €555,238 | €601,957 | €767,771 | €554,730 | ▼ 27.7% |
| Amounts receivable within one year40/41 | €203,715 | €369,175 | €376,358 | €408,104 | €273,277 | ▼ 33.0% |
| Trade receivables40 | €185,466 | €288,428 | €298,593 | €305,600 | €199,633 | ▼ 34.7% |
| Other amounts receivable41 | €18,249 | €80,747 | €77,765 | €102,504 | €73,644 | ▼ 28.2% |
| Cash at bank and in hand54/58 | €290,970 | €177,608 | €220,673 | €359,210 | €275,151 | ▼ 23.4% |
| Deferred charges and accrued income490/1 | €9,276 | €8,455 | €4,926 | €457 | €6,303 | ▲ 1,279% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €745,283 | €800,504 | €834,324 | €983,858 | €764,162 | ▼ 22.3% |
| Equity10/15 | €441,932 | €473,337 | €525,692 | €654,294 | €532,639 | ▼ 18.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €421,472 | €452,877 | €505,232 | €633,834 | €512,178 | ▼ 19.2% |
| Amounts payable17/49 | €303,351 | €327,166 | €308,632 | €329,564 | €231,524 | ▼ 29.7% |
| Amounts payable after more than one year17 | €205,371 | €196,575 | €190,791 | €187,653 | €176,495 | ▼ 5.9% |
| Financial debts170/4 | €205,371 | €196,575 | €190,791 | €187,653 | €176,495 | ▼ 5.9% |
| Amounts payable within one year42/48 | €97,730 | €130,591 | €117,841 | €141,911 | €55,028 | ▼ 61.2% |
| Current portion of amounts payable after more than one year42 | €8,361 | €8,796 | €5,784 | - | €346 | - |
| Trade debts44 | €56,082 | €82,502 | €92,567 | €57,197 | €27,098 | ▼ 52.6% |
| Suppliers440/4 | €56,082 | €82,502 | €92,567 | €57,197 | €27,098 | ▼ 52.6% |
| Taxes, remuneration and social security45 | €33,286 | €39,293 | €19,490 | €63,285 | €27,585 | ▼ 56.4% |
| Taxes450/3 | €26,136 | €34,463 | €19,490 | €60,641 | €27,585 | ▼ 54.5% |
| Remuneration and social security454/9 | €7,150 | €4,830 | €0 | €2,645 | - | - |
| Other amounts payable47/48 | - | - | - | €21,429 | - | - |
| Accrued charges and deferred income492/3 | €250 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €109,269 | €31,405 | €52,355 | €150,030 | -€121,655 | ▼ 181% |
| + Depreciation and write-downs630 | €12,318 | €12,400 | €16,020 | €13,575 | €14,409 | ▲ 6.1% |
| Operating cash flow (approximation) | €121,587 | €43,805 | €68,375 | €163,605 | -€107,246 | ▼ 166% |
| Investment in fixed assets (approximation) | - | -€16,343 | -€3,121 | €2,705 | -€7,755 | ▼ 387% |
| Change in cash | - | -€113,362 | €43,065 | €138,537 | -€84,059 | ▼ 161% |
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
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
31-12
Financial
Weakest financial yearnet -€121,655
Net result drops to -€121,655, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €150,030 ▲187%
Operating result €205,709, net result €150,030, both a record.
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
2023
31-12
Financial
Equity above €500,000Eq €525,692 ▲11.1%
5 profitable years in a row build equity to €525,692.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 5.83
Current ratio from 2.19 to 5.83; short-term debt falls from €215,349 to €60,841.
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
2019
31-12
Financial
Back to profitnet €73,247
Net result €73,247 after one loss-making year.
Show earlier events
21-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 82 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
09-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 101 days late
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. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Evere · 1 establishment unit since 1994
Ground area
180 m²
Building footprint
90 m²
Volume, LiDAR
675 m³
Parcel 21372D0131/00D003, Brussels · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Friulilaan 39, 1140 Evere
since 19942.068.971.990
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0131/00D003 | Brussels | 180 m² | 1 · 90 m² | 10.3 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.
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Of 7,300 companies in sector 43350 we hold annual accounts for 2,362. 1,289 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 (pre-2019)
Founded21-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453604662
Also
9925:BE0453604662
Registered
21-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.