Arzaak

Active

Private limited companyfounded 20215 yrs activeHalleweg 173, 1500 Halle, BelgiumKBO/BCE: BE 0767.989.184

The computed 12-month bankruptcy probability of Arzaak is 3.1% (moderate). The 2024 annual accounts show equity of €40k and a net result of €16k. Equity is growing by ~51.7% per year across the filed fiscal years. Its solvency ranks better than 58% of 9982 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

86 / 100

Excellent▲ +18 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability78▼-1

Solvency94▲+25

Growth52▲+17

Stability94

Bankruptcy probability, 12 months

3.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity ample (current ratio 1.98 against 1.56 in 2023), but 50.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

49.6%

Return on assets

20.4%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

21 d late

2023

201 d late

2022

158 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€257k▲ 116%

2023 · €119k

2022: €528k 2023: €119k

2022 → 2024

EBIT margin

8.3%▼ 0.4pp

2023 · 8.7%

2022: 3.1% 2023: 8.7%

2022 → 2024

Net result

€16k▲ 109%

2023 · €8k

2022: €13k 2023: €8k

2022 → 2024

Working capital

€40k▲ 70.0%

2023 · €23k

2022: €16k 2023: €23k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Turnover€528k-€119k▼ 77.5%€257k▲ 116%

Equity€16k-€23k▲ 50.2%€40k▲ 70.0%

Operating result€17k-€10k▼ 37.8%€21k▲ 107%

Net result€13k-€8k▼ 37.9%€16k▲ 109%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 107% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €80k

49.6%

50.4%

Equity €40k▲ 70.0%

Debt €40k▼ 3.2%

The debt ratio falls from 64.1% to 50.4%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

Solvency

49.6%▲

2023 · 35.9%

Current ratio

1.98▲

2023 · 1.56

Quick ratio

1.98▲

2023 · 0.51

Debt / equity

1.02▼

2023 · 1.78

ROE

41.2%▲

2023 · 33.4%

ROA

20.4%▲

2023 · 12.0%

Debt

€40k▼

2023 · €42k

Debt ≤ 1 year

€40k▼

2023 · €42k

Income taxes

€4k▲

2023 · €2k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€65k€80k▲

Current assets29/58€65k€80k▲

Stocks and contracts in progress3€44k-

Stocks30/36€44k-

Amounts receivable within one year40/41€12k€76k▲

Trade receivables40€10k€41k▲

Other amounts receivable41€2k€35k▲

Cash at bank and in hand54/58€9k€4k▼

Deferred charges and accrued income490/1-€174

Equity and liabilities

Total equity and liabilities10/49€65k€80k▲

Equity10/15€23k€40k▲

Contributions10/11€3k€3k=

Profit (loss) carried forward14€20k€37k▲

Amounts payable17/49€42k€40k▼

Amounts payable within one year42/48€42k€40k▼

Trade debts44€13k€34k▲

Suppliers440/4€13k€34k▲

Taxes, remuneration and social security45€7k€7k▼

Taxes450/3€7k€7k▼

Other amounts payable47/48€22k-

Income statement Code20232024

Turnover70€119k€257k▲

Goods, raw materials, services and sundry goods60/61€108k€192k▲

Other operating charges640/8€1k€448▼

Non-recurring operating charges66A-€44k

Gross operating margin9900€11k€66k▲

Operating profit (loss)9901€10k€21k▲

Financial income75/76B€20€112▲

Recurring financial income75€20€112▲

Financial charges65/66B€40€590▲

Recurring financial charges65€40€590▲

Profit (loss) for the period before taxes9903€10k€21k▲

Income taxes67/77€2k€4k▲

Profit (loss) for the period9904€8k€16k▲

Profit (loss) for the period to be appropriated9905€8k€16k▲

Appropriation of the result

Profit (loss) to be appropriated9906€20k€37k▲

Profit (loss) brought forward from the previous period14P€13k€20k▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

21-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 21 days late

17-02

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 201 days late

2024

31-12

Financial Highest result since 2022net €16k ▲109%

Operating result €21k, net result €16k, both a record.

05-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 158 days late

2023

31-12

Financial Weakest financial yearnet €8k ▼37.9%

Net result drops to €8k, the lowest in the series; recovery starts the following year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Halle · 2 establishment units since 2021

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Halleweg 1731500 Halle

Ground area

5,218 m²

Building footprint

2,129 m²

Volume, LiDAR

13,510 m³

3 parcels, Flanders · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

Arzaak

Ninoofsesteenweg 300, 1500 HalleGeneral construction of residential buildings

since 20212.317.325.941

Bergensesteenweg 434, 1500 Halle

General construction of buildings

since 20212.323.365.972

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23027E0178/00E002	Flanders	4,643 m²	1 · 1,883 m²	9.8 m · 2 fl.
23027F0057/00E003	Flanders	373 m²	1 · 108 m²	11.3 m · 1 fl.
23413H0134/00Y002	Flanders	202 m²	1 · 139 m²	14.2 m · 4 fl.