Checked.be
Active
BE 0444.013.243Public limited company
ARCADE
Quai Timmermans 14 ·4000 Liège, Belgium· 35 yrs active
Sector: Real estate activities
(68201)
Conclusion
The computed 12-month bankruptcy probability of ARCADE is 0.2% (very low). The 2024 annual accounts show equity of €2.44M and a net result of €262k. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 62% of 776 sector peers (fiscal year 2024). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €2.44M |
| Net result | €262k |
| Staff (FTE) | 1 |
| Better than sector | 62% |
Snowflake analysis
66
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
58
Profitability
54
Solvency
41
Growth
78
Stability
100
Bankruptcy probability (12 mo)
0.2%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Long track record
−Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1991, 35 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Health barometer
58
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-08-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~23.6%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 30.6% | 16.5% | |
| Net result | €262k | €-2k | |
| Equity | €2.44M | €136k | |
| Gross operating margin | €1.17M | €45k | |
| Staff costs | €57k | €80k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€950k
+6.2%
18-24
€262k
-7.3%
18-24
€667k
+3.6%
18-24
€7.98M
+19.7%
18-24
€2.44M
+12.0%
18-24
€-957k
+54.2%
18-24
1
+42.9%
18-24
€57k
+48.8%
18-24
€89k
-13.3%
18-24
€5.47M
+23.8%
18-24
€2.81M
+3.6%
18-24
€2.64M
+55.7%
18-24
0.66
+186.6%
18-24
0.66
+186.6%
18-24
30.6%
-6.4%
18-24
2.24
+10.5%
18-24
10.8%
-17.3%
18-24
3.3%
-22.5%
18-24
4.66
-17.4%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €950k |
| Net profit | €262k |
| Cash flow | €667k |
| Staff costs | €57k |
| Income taxes | €89k |
| Dividends | - |
| Total assets | €7.98M |
| Equity | €2.44M |
| Debt | €5.47M |
| of which ≤ 1y | €2.81M |
| of which > 1y | €2.64M |
| Working capital | €-957k |
| Employees (FTE) | 1.0 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.66 |
| Quick ratio | 0.66 |
| Working capital ratio | -12.0% |
| Solvency | 30.6% |
| Debt / equity | 2.24 |
| Long-term debt ratio | 1.08 |
| Interest coverage | 4.66 |
| Gross margin | - |
| Net margin | - |
| ROA | 3.3% |
| ROE | 10.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €7.98M |
| Fixed assets | 21/28 | €6.13M |
| Tangible fixed assets | 22/27 | €4.63M |
| Financial fixed assets | 28 | €1.50M |
| Current assets | 29/58 | €1.85M |
| Amounts receivable within one year | 40/41 | €1.76M |
| Cash & bank | 54/58 | €28k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €7.98M |
| Equity | 10/15 | €2.44M |
| Contributions / capital | 10/11 | €143k |
| Reserves | 13 | €360k |
| Accumulated profits (losses) | 14 | €1.94M |
| Provisions & deferred taxes | 16 | €69k |
| Amounts payable | 17/49 | €5.47M |
| Amounts payable after one year | 17 | €2.64M |
| Amounts payable within one year | 42/48 | €2.81M |
| Trade debts payable within one year | 44 | €85k |
| Income statement | ||
| Gross operating margin | 9900 | €1.17M |
| Operating result | 9901 | €546k |
| Financial income | 75 | €6k |
| Financial charges | 65 | €204k |
| Result before taxes | 9903 | €348k |
| Income taxes | 67/77 | €89k |
| Net result for the period | 9904 | €262k |
| Result to be appropriated | 9905 | €185k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Legal Structure
| NACE primary | Real estate activities(68201) |
| Legal form | Public limited company(014) |
| Incorporation | 30-04-1991 |
| Status | Active |
| Postal code | 4000 |
Establishment units
Quai Timmermans 14, 4000 Liège
since 19912.052.760.718
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62078A0558/00D037 | Wallonia | 3,884 m² | 1 · 280 m² | 26.2 m · 7 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
28-08-2025
NBB filing
Annual accounts filed
16-06-2025
State Gazette act
Registered-office change
2024
18-07-2024
NBB filing
Annual accounts filed
2023
25-07-2023
NBB filing
Annual accounts filed
2022
13-10-2022
NBB filing
Annual accounts filed
2021
26-08-2021
NBB filing
Annual accounts filed
2020
10-06-2020
NBB filing
Annual accounts filed
2019
30-09-2019
NBB filing
Annual accounts filed
2018
17-08-2018
NBB filing
Annual accounts filed
2017
28-06-2017
NBB filing
Annual accounts filed
2016
14-06-2016
NBB filing
Annual accounts filed
Belgisch Staatsblad, acts
Address history · 1
16-06-2025
Registered-office move
All acts · 1
updated 1 year ago
2025
16-06-2025 Registered office moved to Liège
- Quai Timmermans, 14 à 4000 Liège
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Quai Timmermans, 14 \u00E0 4000 Li\u00E8ge",
"city": "Li\u00E8ge",
"region": "waals_gewest",
"street": "Quai Timmermans",
"country": "BE",
"postcode": "4000",
"box_number": null,
"street_number": "14",
"locality_suffix": null
},
"old_address": null,
"effective_date": "2025-05-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "missing",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-06-16",
"filing_date": "2025-06-05",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "conseil_d_administration",
"date": "2025-05-08",
"unanimous": null
},
"subject_company": {
"kbo": "0444.013.243",
"name_full": "TRIBUTAL DI LENTAFAADE UE",
"legal_form": "SA",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "ARCADE",
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": []
}Credit advice
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Company registry (CBE)
Activities
Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203
Primary activity highlighted.
Names & trade names
| Legal nameFR | ARCADE |
Registered office
Quai Timmermans 14
4000 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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