Arus
ActiveSummary
Arus has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €521,199 and a net result of €67,731. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 37% of 494 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+6
Solvency56▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.78 against 3.07 in 2023; short-term debt: 31.6% and cash: 4.4% of total assets), but 69.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-11-2025, 96 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
96 d late
2023
106 d late
2022
32 d late
2021
52 d late
2020
132 d late
2019
69 d late
← 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 81 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€892,461
EBIT margin
16.2%
Net result
€67,731▼ 18.3%
2023 · €82,938
Working capital
€957,815▼ 0.5%
2023 · €962,199
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
Line20202021202220232024
Turnover€892,461
Operating result€27,114▼ 51.7%€70,830▲ 161%€123,834▲ 74.8%€149,394▲ 20.6%€144,226▼ 3.5%
Net result€4,618▼ 85.0%€29,499▲ 539%€70,163▲ 138%€82,938▲ 18.2%€67,731▼ 18.3%
EBIT margin16.2%
Equity€270,867▲ 1.7%€300,366▲ 10.9%€370,529▲ 23.4%€453,468▲ 22.4%€521,199▲ 14.9%
Total assets€1.1m▲ 54.9%€1.2m▲ 12.1%€1.6m▲ 30.6%€1.7m▲ 8.5%€1.7m▼ 0.9%
Debt€807,065▲ 87.9%€908,321▲ 12.5%€1.2m▲ 33.0%€1.3m▲ 4.3%€1.2m▼ 6.7%
Working capital€195,112▼ 15.7%€223,847▲ 14.7%€228,606▲ 2.1%€962,199▲ 321%€957,815▼ 0.5%
Staff (FTE)0.6▼ 100.0%1▲ 66.7%1=2▲ 100%4.4▲ 120%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets
€202,528 ▼ 29.3%
Current assets
€1.5m ▲ 4.7%
Equity and liabilities €1.7m
Equity
€521,199 ▲ 14.9%
Debt
€1.2m ▼ 6.7%
Debt's share of the balance-sheet total falls from 73.5% to 69.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€191,610▲
2023 · €180,232
Cash flow
€115,115▲
2023 · €113,777
Current ratio
2.78▼
2023 · 3.07
Quick ratio
0.75▲
2023 · 0.51
Debt to equity
2.26▼
2023 · 2.78
ROE
13.0%▼
2023 · 18.3%
ROA
4.0%▼
2023 · 4.8%
Interest coverage
3.44▼
2023 · 4.47
Debt ≤ 1 year
€536,829▲
2023 · €464,791
Debt > 1 year
€639,144▼
2023 · €795,025
Income taxes
€22,143▼
2023 · €33,979
Staff costs
€103,737▲
2023 · €19,421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €892,461 | - |
| Non-recurring operating income76A | - | €1,378 | €589 | - | €27,501 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €615,240 | - |
| Remuneration, social security and pensions62 | - | €39,383 | €32,711 | €19,421 | €103,737 | ▲ 434% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,336 | €32,229 | €33,792 | €30,839 | €47,384 | ▲ 53.7% |
| Other operating charges640/8 | - | €7,707 | €13,065 | €24,227 | €9,373 | ▼ 61.3% |
| Gross operating margin9900 | €128,260 | €150,149 | €203,402 | €223,881 | €304,720 | ▲ 36.1% |
| Operating profit (loss)9901 | €27,114 | €70,830 | €123,834 | €149,394 | €144,226 | ▼ 3.5% |
| Financial income75/76B | - | €2,588 | €17,310 | €7,883 | €1,351 | ▼ 82.9% |
| Recurring financial income75 | €409 | €2,588 | €17,310 | €7,883 | €1,351 | ▼ 82.9% |
| Financial charges65/66B | - | €27,958 | €36,060 | €40,359 | €55,703 | ▲ 38.0% |
| Recurring financial charges65 | €20,803 | €27,958 | €36,060 | €40,359 | €55,703 | ▲ 38.0% |
| Profit (loss) for the period before taxes9903 | €6,720 | €45,461 | €105,084 | €116,917 | €89,874 | ▼ 23.1% |
| Income taxes67/77 | €2,102 | €15,961 | €34,921 | €33,979 | €22,143 | ▼ 34.8% |
| Profit (loss) for the period9904 | €4,618 | €29,499 | €70,163 | €82,938 | €67,731 | ▼ 18.3% |
| Profit (loss) for the period to be appropriated9905 | €4,618 | €29,499 | €70,163 | €82,938 | €67,731 | ▼ 18.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.6m | €1.7m | €1.7m | ▼ 0.9% |
| Fixed assets21/28 | €146,667 | €123,438 | €206,946 | €286,294 | €202,528 | ▼ 29.3% |
| Tangible fixed assets22/27 | €142,573 | €119,344 | €85,577 | €194,738 | €193,422 | ▼ 0.7% |
| Land and buildings22 | - | €31,095 | €30,514 | €29,932 | €29,350 | ▼ 1.9% |
| Plant, machinery and equipment23 | - | €8,799 | €6,999 | €5,200 | €15,355 | ▲ 195% |
| Furniture and vehicles24 | - | €79,181 | €48,064 | €159,607 | €148,717 | ▼ 6.8% |
| Other tangible fixed assets26 | - | €268 | €0 | - | - | - |
| Financial fixed assets28 | €4,094 | €4,094 | €121,369 | €91,556 | €9,106 | ▼ 90.1% |
| Current assets29/58 | €931,265 | €1.1m | €1.4m | €1.4m | €1.5m | ▲ 4.7% |
| Amounts receivable after more than one year29 | - | €21,800 | €21,800 | €26,800 | €23,800 | ▼ 11.2% |
| Trade receivables290 | - | €21,800 | €3,000 | €8,000 | €5,000 | ▼ 37.5% |
| Other amounts receivable291 | - | - | €18,800 | €18,800 | €18,800 | = |
| Stocks and contracts in progress3 | €504,709 | €551,925 | €1.1m | €1.2m | €1.1m | ▼ 8.4% |
| Stocks30/36 | - | €551,925 | €1.1m | €1.2m | €1.1m | ▼ 8.4% |
| Amounts receivable within one year40/41 | €345,743 | €425,292 | €206,144 | €155,505 | €174,057 | ▲ 11.9% |
| Trade receivables40 | - | €363,972 | €124,598 | €90,082 | €156,644 | ▲ 73.9% |
| Other amounts receivable41 | - | €61,320 | €81,547 | €65,423 | €17,413 | ▼ 73.4% |
| Cash at bank and in hand54/58 | €66,747 | €83,185 | €30,101 | €47,497 | €75,149 | ▲ 58.2% |
| Deferred charges and accrued income490/1 | - | €3,048 | €2,235 | €5,049 | €129,491 | ▲ 2,465% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.6m | €1.7m | €1.7m | ▼ 0.9% |
| Equity10/15 | €270,867 | €300,366 | €370,529 | €453,468 | €521,199 | ▲ 14.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €252,267 | €281,766 | €351,929 | €434,868 | €502,599 | ▲ 15.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | €279,906 | €350,069 | €433,008 | €502,599 | ▲ 16.1% |
| Profit (loss) carried forward14 | €4,370 | - | - | - | - | - |
| Amounts payable17/49 | €807,065 | €908,321 | €1.2m | €1.3m | €1.2m | ▼ 6.7% |
| Amounts payable after more than one year17 | €70,912 | €46,919 | €22,625 | €795,025 | €639,144 | ▼ 19.6% |
| Financial debts170/4 | - | €46,919 | €22,625 | €795,025 | €639,144 | ▼ 19.6% |
| Amounts payable within one year42/48 | €736,153 | €861,403 | €1.1m | €464,791 | €536,829 | ▲ 15.5% |
| Current portion of amounts payable after more than one year42 | - | €23,994 | €24,294 | €63,759 | €58,452 | ▼ 8.3% |
| Financial debts43 | - | €747,086 | €958,874 | €297,000 | €203,711 | ▼ 31.4% |
| Credit institutions430/8 | - | €747,086 | €958,874 | €297,000 | €203,711 | ▼ 31.4% |
| Trade debts44 | €62,153 | €77,932 | €88,250 | €61,003 | €153,503 | ▲ 152% |
| Suppliers440/4 | - | €77,932 | €88,250 | €61,003 | €153,503 | ▲ 152% |
| Taxes, remuneration and social security45 | - | €12,391 | €40,036 | €39,029 | €61,328 | ▲ 57.1% |
| Taxes450/3 | - | €10,585 | €37,657 | €32,592 | €42,261 | ▲ 29.7% |
| Remuneration and social security454/9 | - | €1,806 | €2,379 | €6,437 | €19,067 | ▲ 196% |
| Other amounts payable47/48 | - | - | €31,600 | €4,000 | €59,835 | ▲ 1,396% |
| Accrued charges and deferred income492/3 | - | - | €42,398 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,618 | €29,499 | €70,163 | €82,938 | €67,731 | ▼ 18.3% |
| + Depreciation and write-downs630 | €30,336 | €32,229 | €33,792 | €30,839 | €47,384 | ▲ 53.7% |
| Operating cash flow (approximation) | €34,953 | €61,728 | €103,955 | €113,777 | €115,115 | ▲ 1.2% |
| Investment in fixed assets (approximation) | - | -€8,999 | -€117,300 | -€110,187 | €36,382 | ▲ 133% |
| Change in cash | - | €16,438 | -€53,084 | €17,396 | €27,652 | ▲ 59.0% |
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
2025
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 96 days late
2024
31-12
Financial
Equity above €500,000Eq €521,199 ▲14.9%
7 profitable years in a row build equity to €521,199.
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 106 days late
2023
31-12
Financial
Highest result since 2018net €82,938 ▲18.2%
Operating result €149,394, net result €82,938, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.07
Current ratio from 1.20 to 3.07; short-term debt falls from €1.1m to €464,791.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 52 days late
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 132 days late
2020
31-12
Financial
Weakest financial yearnet €4,618 ▼85%
Net result drops to €4,618, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 49 days late
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 90 days late
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 151 days late
2016
07-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 38 days late
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.
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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, Gent · 1 establishment unit since 2004
Ground area
955 m²
Building footprint
341 m²
Volume, LiDAR
1,624 m³
Parcel 44816K0444/00M002, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ARUS
since 20042.142.102.567
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0444/00M002 | Flanders | 955 m² | 1 · 341 m² | 11.3 m · 1 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.
Recognitions · licences · registrations
Recognised contractor
7 categoriesArus BV43769
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Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 789 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
Founded22-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
43350Other building finishing work
42211Civil engineering
42212Civil engineering
42220Construction of utility projects for electricity and telecommunications
Scores and ratios are computed by Checked and are not a credit decision.