IMMO ARPI
ActiveIMMO ARPI has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49k and a net result of €-41k. Equity is shrinking by ~27% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 24% of 651 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▼-71
Solvency41▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.73 against 0.8 in 2024; short-term debt: 84.3% and cash: 2.5% of total assets), and 84.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 52
Relative position
BE, all sectors
reference
Sector 52
higher
← 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
raises risk · 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 2025Solvency, return and age of the figures
Solvency
15.7%
Return on assets
-12.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 651 sector peers (2025).
NBB · sector comparisonPosition among 651 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
5 d late
2023
27 d late
2022
31 d late
2021
92 d late
2020
33 d early
2019
on the day
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€0
2022 · €0
2021: €0
2022: €0
2021 → 2024
EBIT margin
Not included in this filing
Net result
€-41k
2024 · €13k
2018: €27k
2019: €15k
2020: €3k
2021: €-157k
2022: €5k
2023: €14k
2024: €13k
2018 → 2025
Working capital
€-71k▼ 56.7%
2024 · €-45k
2018: €96k
2019: €110k
2020: €116k
2021: €-39k
2022: €-54k
2023: €-60k
2024: €-45k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€0€0
Equity€58k-€62k▲ 8.3%€77k▲ 23.1%€90k▲ 17.2%€49k▼ 45.1%
Operating result€-158k-€8k€18k▲ 118%€15k▼ 17.3%€-38k
Net result€-157k-€5k€14k▲ 201%€13k▼ 8.3%€-41k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €38k after €15k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €315k
Fixed assets
€120k▼ 18.8%
Current assets
€195k▲ 9.5%
Equity and liabilities €315k
Equity
€49k▼ 45.1%
Debt
€265k▲ 12.6%
The debt ratio rises from 72.4% to 84.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-24k▼
2024 · €34k
Cash flow
€-26k▼
2024 · €33k
Solvency
15.7%▼
2024 · 27.6%
Current ratio
0.73▼
2024 · 0.80
Quick ratio
0.73▼
2024 · 0.80
Debt / equity
5.36▲
2024 · 2.62
ROE
-82.1%▼
2024 · 14.7%
ROA
-12.9%▼
2024 · 4.1%
Interest coverage
-12.16▼
2024 · 15.54
Debt
€265k▲
2024 · €236k
Debt ≤ 1 year
€265k▲
2024 · €223k
Debt > 1 year
€0▼
2024 · €13k
Income taxes
€688▼
2024 · €818
Staff costs
€320k▼
2024 · €357k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€326k€315k▼
Fixed assets21/28€148k€120k▼
Tangible fixed assets22/27€147k€119k▼
Land and buildings22€85k€84k▼
Plant, machinery and equipment23€21k€17k▼
Furniture and vehicles24€7k€6k▼
Leasing and similar rights25€34k€12k▼
Financial fixed assets28€744€744=
Current assets29/58€178k€195k▲
Amounts receivable within one year40/41€165k€184k▲
Trade receivables40€22k€41k▲
Other amounts receivable41€143k€143k▼
Cash at bank and in hand54/58€8k€8k▼
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€326k€315k▼
Equity10/15€90k€49k▼
Contributions10/11€178k€178k=
Capital10€178k€178k=
Issued capital100€178k€178k=
Reserves13€18k€18k=
Non-distributable reserves130/1€18k€18k=
Legal reserve130€18k€18k=
Profit (loss) carried forward14€-106k€-146k▼
Amounts payable17/49€236k€265k▲
Amounts payable after more than one year17€13k€0▼
Financial debts170/4€13k€0▼
Amounts payable within one year42/48€223k€265k▲
Current portion of amounts payable after more than one year42€17k€13k▼
Trade debts44€58k€39k▼
Suppliers440/4€58k€39k▼
Taxes, remuneration and social security45€52k€43k▼
Taxes450/3€9k€4k▼
Remuneration and social security454/9€43k€39k▼
Other amounts payable47/48€95k€171k▲
Income statement
Code20242025
Turnover70€0-
Non-recurring operating income76A€357€146▼
Goods, raw materials, services and sundry goods60/61€0-
Remuneration, social security and pensions62€357k€320k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€15k▼
Other operating charges640/8€14k€13k▼
Non-recurring operating charges66A-€5k
Gross operating margin9900€405k€314k▼
Operating profit (loss)9901€15k€-38k▼
Financial income75/76B€1k€294▼
Recurring financial income75€1k€294▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€14k€-40k▼
Income taxes67/77€818€688▼
Profit (loss) for the period9904€13k€-41k▼
Profit (loss) for the period to be appropriated9905€13k€-41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-106k€-146k▼
Profit (loss) brought forward from the previous period14P€-119k€-106k▲
Social balance
Average headcount (FTE)90874.03.6▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 5 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 92 days late
2021
31-12
Financial
Weakest financial yearnet €-157k ▼4716%
Net result drops to €-157k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €200kEq €212k ▲7.6%
2 profitable years in a row build equity to €212k.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Mons · 1 establishment unit since 2009
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.
Rue de Baudour (G.) 247011 MonsGround area
1.7 ha
Building footprint
2,577 m²
Volume, LiDAR
20,022 m³
Parcel 53030D0392/00B000, Wallonia · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Baudour (G.) 24, 7011 Mons
since 20092.180.894.352
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53030D0392/00B000 | Wallonia | 1.7 ha | 1 · 2,577 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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CTI TRANSPORT & LOGISTICS
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GDDG Services
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M LOGISTIC
BE 0659.700.463
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OMNIVENDO
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Of 3,191 companies in sector 52250 we hold annual accounts for 1,956. 1,149 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-07-2009
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.