Tovar Arnaud
ActiveTovar Arnaud has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €-2k. Equity is shrinking by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 63% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▲+9
Solvency72▼-6
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 2.1 in 2023; short-term debt: 53.5% and cash: 75.1% of total assets), but 53.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
46.5%
Return on assets
-4.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
21 d early
2023
43 d late
2022
409 d late
2021
3 d late
← 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, micro schema
Equity
€17k▼ 66.8%
2023 · €50k
2021: €33k
2022: €61k
2023: €50k
2021 → 2025
Total assets
€36k▼ 62.0%
2023 · €94k
2021: €73k
2022: €103k
2023: €94k
2021 → 2025
Net result
€-2k▲ 85.6%
2023 · €-11k
2021: €31k
2022: €31k
2023: €-11k
2021 → 2025
Working capital
€16k▼ 66.5%
2023 · €48k
2021: €27k
2022: €58k
2023: €48k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232025Trend
Equity€33k-€61k▲ 86.4%€50k▼ 18.0%€17k▼ 66.8%
Operating result€46k-€42k▼ 8.7%€-6k€-1k▲ 80.8%
Net result€31k-€31k▼ 0.6%€-11k€-2k▲ 85.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-1k in 2025, compared with €-6k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €36k
Fixed assets
€404▼ 76.8%
Current assets
€35k▼ 61.8%
Equity and liabilities €36k
Equity
€17k▼ 66.8%
Debt
€19k▼ 56.6%
The debt ratio rises from 46.8% to 53.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-459▲
2023 · €-4k
Cash flow
€-891▲
2023 · €-9k
Solvency
46.5%▼
2023 · 53.2%
Current ratio
1.85▼
2023 · 2.10
Quick ratio
1.85▼
2023 · 2.10
Debt / equity
1.15▲
2023 · 0.88
ROE
-9.6%▲
2023 · -22.0%
ROA
-4.5%▲
2023 · -11.7%
Interest coverage
-2.31▲
2023 · -31.21
Debt
€19k▼
2023 · €44k
Debt ≤ 1 year
€19k▼
2023 · €44k
Income taxes
€614▼
2023 · €5k
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€94k€36k▼
Fixed assets21/28€2k€404▼
Tangible fixed assets22/27€2k€404▼
Furniture and vehicles24€2k€404▼
Current assets29/58€92k€35k▼
Amounts receivable within one year40/41€22k€6k▼
Trade receivables40€22k€6k▼
Other amounts receivable41€0€184▲
Cash at bank and in hand54/58€69k€27k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€94k€36k▼
Equity10/15€50k€17k▼
Contributions10/11€3k€3k=
Reserves13€47k€14k▼
Distributable reserves133€47k€14k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€44k€19k▼
Amounts payable within one year42/48€44k€19k▼
Trade debts44€13k€606▼
Suppliers440/4€13k€606▼
Taxes, remuneration and social security45€20k€18k▼
Taxes450/3€20k€18k▼
Other amounts payable47/48€11k€0▼
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€697▼
Other operating charges640/8€747€793▲
Gross operating margin9900€-4k€334▲
Operating profit (loss)9901€-6k€-1k▲
Financial income75/76B€243€381▲
Recurring financial income75€243€381▲
Financial charges65/66B€140€199▲
Recurring financial charges65€140€199▲
Profit (loss) for the period before taxes9903€-6k€-974▲
Income taxes67/77€5k€614▼
Profit (loss) for the period9904€-11k€-2k▲
Profit (loss) for the period to be appropriated9905€-11k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-2k▲
Transfer from equity791/2€11k€2k▼
Transfer to equity691/2€0€0=
To other reserves6921€0€0=
Profit to be distributed694/7-€0
Return on contributions (dividend)694-€0
The notes to these accounts (9 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 409 days late
2023
31-12
Financial
Weakest financial yearnet €-11k ▼136%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
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, Vorst · 1 establishment unit since 2021
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.
Clementinalaan 191190 VorstGround area
424 m²
Building footprint
237 m²
Volume, LiDAR
3,373 m³
Parcel 21007A0118/00L005, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Clementinalaan 19, 1190 Vorst
since 20212.320.513.776
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0118/00L005 | Brussels | 424 m² | 1 · 237 m² | 22.6 m · 6 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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 2,334 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formLimited partnership
Founded20-07-2021
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.