ARWEN
ActiveSummary
The computed 12-month bankruptcy probability of ARWEN is 2.1% (moderate). The 2025 annual accounts show equity of €52,128 and a net result of €964. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 28806 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+13
Solvency89▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.29 against 3.53 in 2024; short-term debt: 33.1% and cash: 27.5% of total assets), and 36.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
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 · 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 →
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-05-2026, 115 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 · 5 filingsDeviation from the deadline
2025
115 d late
2024
37 d early
2023
44 d early
2022
22 d early
2021
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 2 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 9 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€52,128▲ 1.9%
2024 · €51,164
Total assets
€81,944▲ 17.1%
2024 · €69,977
Net result
€964
2024 · -€6,741
Working capital
€34,903▲ 25.1%
2024 · €27,909
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 43, Specialised construction 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€39,347-€24,897▼ 36.7%€21,825▼ 12.3%€21,163▼ 3.0%€7,888▼ 62.7%
Net result€27,687above the sector's middle half-€15,859within the sector's middle half▼ 42.7%€13,159within the sector's middle half▼ 17.0%-€6,741below the sector's middle half€964within the sector's middle half
Equity€28,887within the sector's middle half-€44,746within the sector's middle half▲ 54.9%€56,705within the sector's middle half▲ 26.7%€51,164within the sector's middle half▼ 9.8%€52,128within the sector's middle half▲ 1.9%
Total assets€92,029within the sector's middle half-€63,762below the sector's middle half▼ 30.7%€82,279within the sector's middle half▲ 29.0%€69,977within the sector's middle half▼ 15.0%€81,944within the sector's middle half▲ 17.1%
Debt€63,143-€19,016▼ 69.9%€25,575▲ 34.5%€18,813▼ 26.4%€29,816▲ 58.5%
Working capital-€20,893below the sector's middle half-€7,081within the sector's middle half€31,153within the sector's middle half▲ 340%€27,909within the sector's middle half▼ 10.4%€34,903within the sector's middle half▲ 25.1%
Solvency31.4%within the sector's middle half-70.2%above the sector's middle half▲ 38.8pp68.9%above the sector's middle half▼ 1.3pp73.1%above the sector's middle half▲ 4.2pp63.6%within the sector's middle half▼ 9.5pp
Current ratio0.67below the sector's middle half-1.37within the sector's middle half▲ 0.702.22within the sector's middle half▲ 0.853.53above the sector's middle half▲ 1.312.29within the sector's middle half▼ 1.25
Return on assets (ROA)30.1%above the sector's middle half-24.9%above the sector's middle half▼ 5.2pp16.0%within the sector's middle half▼ 8.9pp-9.6%below the sector's middle half▼ 25.6pp1.2%within the sector's middle half▲ 10.8pp
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 has fallen four years in a row; 2025 is 63% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81,944
Fixed assets
€19,887 ▼ 35.9%
Current assets
€62,058 ▲ 59.4%
Equity and liabilities €81,944
Equity
€52,128 ▲ 1.9%
Debt
€29,816 ▲ 58.5%
Debt's share of the balance-sheet total rises from 26.9% to 36.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,043▼
2024 · €30,672
Cash flow
€12,119▲
2024 · €2,769
Debt to equity
0.57▲
2024 · 0.37
ROE
1.8%▲
2024 · -13.2%
Interest coverage
4.43▲
2024 · 4.42
Debt ≤ 1 year
€27,155▲
2024 · €11,027
Debt > 1 year
€2,662▼
2024 · €7,786
Income taxes
€2,705▼
2024 · €21,239
Staff costs
€1,482▼
2024 · €2,624
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,341 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 5,048 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,503 | €2,877 | €2,624 | €1,482 | ▼ 43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,915 | €12,114 | €12,114 | €9,510 | €11,155 | ▲ 17.3% |
| Other operating charges640/8 | - | €1,277 | €6,455 | €5,328 | €2,844 | ▼ 46.6% |
| Gross operating margin9900 | €52,507 | €39,792 | €43,272 | €38,624 | €23,370 | ▼ 39.5% |
| Operating profit (loss)9901 | €39,347 | €24,897 | €21,825 | €21,163 | €7,888 | ▼ 62.7% |
| Financial income75/76B | - | €11 | €0 | €270 | €77 | ▼ 71.3% |
| Recurring financial income75 | - | €11 | €0 | €270 | €77 | ▼ 71.3% |
| Financial charges65/66B | - | €4,207 | €6,193 | €6,934 | €4,297 | ▼ 38.0% |
| Recurring financial charges65 | €5,789 | €4,207 | €6,193 | €6,934 | €4,297 | ▼ 38.0% |
| Profit (loss) for the period before taxes9903 | €33,558 | €20,701 | €15,632 | €14,498 | €3,669 | ▼ 74.7% |
| Income taxes67/77 | €5,871 | €4,842 | €2,473 | €21,239 | €2,705 | ▼ 87.3% |
| Profit (loss) for the period9904 | €27,687 | €15,859 | €13,159 | -€6,741 | €964 | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €27,687 | €15,859 | €13,159 | -€6,741 | €964 | ▲ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €92,029 | €63,762 | €82,279 | €69,977 | €81,944 | ▲ 17.1% |
| Fixed assets21/28 | €49,780 | €37,665 | €25,551 | €31,041 | €19,887 | ▼ 35.9% |
| Tangible fixed assets22/27 | €49,780 | €37,665 | €25,551 | €31,041 | €19,887 | ▼ 35.9% |
| Furniture and vehicles24 | - | €37,665 | €25,551 | €31,041 | €19,887 | ▼ 35.9% |
| Current assets29/58 | €42,250 | €26,097 | €56,728 | €38,936 | €62,058 | ▲ 59.4% |
| Amounts receivable within one year40/41 | €38,645 | €22,649 | €28,249 | €25,071 | €39,551 | ▲ 57.8% |
| Trade receivables40 | - | €12,076 | €17,976 | €12,119 | €30,711 | ▲ 153% |
| Other amounts receivable41 | - | €10,573 | €10,273 | €12,951 | €8,840 | ▼ 31.7% |
| Cash at bank and in hand54/58 | €3,605 | €3,448 | €28,479 | €13,865 | €22,507 | ▲ 62.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €92,029 | €63,762 | €82,279 | €69,977 | €81,944 | ▲ 17.1% |
| Equity10/15 | €28,887 | €44,746 | €56,705 | €51,164 | €52,128 | ▲ 1.9% |
| Contributions10/11 | - | €1,200 | - | €1,200 | €1,200 | = |
| Profit (loss) carried forward14 | €27,687 | €43,546 | €56,705 | €49,964 | €50,928 | ▲ 1.9% |
| Amounts payable17/49 | €63,143 | €19,016 | €25,575 | €18,813 | €29,816 | ▲ 58.5% |
| Amounts payable after more than one year17 | - | - | - | €7,786 | €2,662 | ▼ 65.8% |
| Financial debts170/4 | - | - | - | €7,786 | €2,662 | ▼ 65.8% |
| Amounts payable within one year42/48 | €63,143 | €19,016 | €25,575 | €11,027 | €27,155 | ▲ 146% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,870 | €5,124 | ▲ 5.2% |
| Trade debts44 | €3,966 | €663 | - | - | €10,648 | - |
| Suppliers440/4 | - | €663 | - | - | €10,648 | - |
| Taxes, remuneration and social security45 | - | €11,488 | €24,776 | €5,657 | €10,883 | ▲ 92.4% |
| Taxes450/3 | - | €5,922 | €4,410 | €4,292 | €10,518 | ▲ 145% |
| Remuneration and social security454/9 | - | €5,566 | €20,366 | €1,365 | €365 | ▼ 73.3% |
| Other amounts payable47/48 | - | €6,865 | €799 | €500 | €500 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,687 | €15,859 | €13,159 | -€6,741 | €964 | ▲ 114% |
| + Depreciation and write-downs630 | €10,915 | €12,114 | €12,114 | €9,510 | €11,155 | ▲ 17.3% |
| Operating cash flow (approximation) | €38,602 | €27,973 | €25,273 | €2,769 | €12,119 | ▲ 338% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€15,000 | €0 | ▲ 100% |
| Change in cash | - | -€157 | €25,031 | -€14,614 | €8,642 | ▲ 159% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 115 days late
2025
30-06
Financial
Back to profitnet €964
Net result €964 after one loss-making year.
2024
25-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet -€6,741
Net result drops to -€6,741, the lowest in the series; recovery starts the following year.
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity doublescurrent ratio 1.37
Current ratio from 0.67 to 1.37; short-term debt falls from €63,143 to €19,016.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · 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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Beringen · 1 establishment unit since 2020
Ground area
1,192 m²
Building footprint
177 m²
Parcel 71005C0352/00B002, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ARWEN
since 20202.301.407.152
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71005C0352/00B002 | Flanders | 1,192 m² | 1 · 177 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.
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Of 3,959 companies in this sector we hold annual accounts for 1,788. 1,544 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
Founded29-01-2020
Fiscal year end30-06
Activities, NACEBEL 2025
43331Floor and wall tiling
41001General construction of residential buildings
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742676639
Also
9925:BE0742676639
Registered
12-12-2024
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.