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ARROW CONSTRUCT

Active
Private limited company·Bouwrijp maken van terreinen· 9 yrs active
Waverse steenweg 1729 ·1160 Oudergem, Belgium
KBO/BCE: BE 0673.967.876
Watch Print / PDF
Belgian State Gazette acts: 0 of 4 read
Age9 yrs
Real estate2 parcels · 1,113 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ARROW CONSTRUCT is 2.8% (moderate). The 2023 annual accounts show equity of €42k and a net result of €27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 9177 sector peers (fiscal year 2023). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

2 signals · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2022 and 2023).
View the result trend
Growing equity
Equity grew over 2021-2023. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 381 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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.
How we compute the deadline
The year end is derived from 7 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 30-09-2024 61 d late 2024-00485319
31-12-2022 31-07-2023 29-08-2023 29 d late 2023-00428192
31-12-2021 31-07-2022 31-08-2022 31 d late 2022-20421728
31-12-2020 31-07-2021 30-09-2021 61 d late 2021-71200245
31-12-2019 31-07-2020 30-08-2020 30 d late 2020-48700018
31-12-2018 31-07-2019 27-09-2019 58 d late 2019-66800199
31-12-2017 31-07-2018 31-08-2018 31 d late 2018-62200177

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2017, past the statistically most fragile first 3 years.
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 strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.8% Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Higher-failure-rate region +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€492k+65.9%
EBIT margin7.6%+7.4pp
Net result€27k+2222.1%
Working capital€40k+198.9%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 30-09-2024 with the NBB · fiscal year 2023 · micro
€-200k€0€200k€400k€600kRevenue 2019: €647k€647kOperating result 2019: €37k€37kNet result 2019: €-17k€-17kRevenue 2020: €508k€508kOperating result 2020: €19k€19kNet result 2020: €-5k€-5kRevenue 2021: €394k€394kOperating result 2021: €2k€2kNet result 2021: €438€438Revenue 2022: €297k€297kOperating result 2022: €512€512Net result 2022: €1k€1kRevenue 2023: €492k€492kOperating result 2023: €37k€37kNet result 2023: €27k€27k20192020202120222023
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~38% of the level (threshold 35%). We therefore deliberately show no projection line.
€-20k€0€20k€40k2018: €-12k2019: €-11k2020: €1k2021: €14k2022: €15k2023: €42k201820192020202120222023
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 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 20.2% 38.6%
better than 27% of 9177 sector peers
Net result €27k €12k
better than 72% of 9162 sector peers
Equity €42k €30k
better than 61% of 9184 sector peers
Gross operating margin €41k €33k
better than 56% of 9151 sector peers
Total assets €209k €90k
better than 80% of 9178 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P27
2020: P13 · n=17372021: P15 · n=36552022: P16 · n=66322023: P27 · n=91772020 2023
Stable position over 2020-2023 · n=1737-9177
Net result P72
2020: P60 · n=17302021: P22 · n=36472022: P22 · n=66172023: P72 · n=91622020 2023
Stable position over 2020-2023 · n=1730-9162
Equity P61
2020: P14 · n=17392021: P33 · n=36602022: P33 · n=66402023: P61 · n=91842020 2023
Improving position over 2020-2023 · n=1739-9184
Gross operating margin P56
2020: P41 · n=17282021: P19 · n=36472022: P15 · n=66112023: P56 · n=91512020 2023
Stable position over 2020-2023 · n=1728-9151
Describes the position versus peers, not a forecast.
Revenue
€492k
+65.9% 18-23
EBITDA
€37k
+1595.0% 18-23
Net profit
€27k
+2222.1% 18-23
Cash flow
€27k
+851.9% 18-23
Total assets
€209k
+36.7% 18-23
Equity
€42k
+179.7% 18-23
Working capital
€40k
+198.9% 18-23
Income taxes
€12k
+13669.5% 18-23
Show 11 other metrics
Debt
€167k
+21.1% 18-23
Debt ≤ 1y
€167k
+21.4% 18-23
Current ratio
1.24
+13.0% 18-23
Quick ratio
1.15
+8.2% 18-23
Solvency
20.2%
+104.5% 18-23
Debt / equity
3.94
-56.7% 18-23
ROE
64.2%
+730.2% 18-23
ROA
13.0%
+1598.1% 18-23
Net margin
5.5%
+1299.9% 18-23
EBITDA margin
7.6%
+921.8% 18-23
Interest coverage
107.51
+3206.0% 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue€492k
EBITDA€37k
Net profit€27k
Cash flow€27k
Staff costs-
Income taxes€12k
Dividends-
Total assets€209k
Equity€42k
Debt€167k
of which ≤ 1y€167k
of which > 1y-
Working capital€40k
Employees (FTE)-
Ratios (computed)
2023
Current ratio1.24
Quick ratio1.15
Working capital ratio19.2%
Solvency20.2%
Debt / equity3.94
Long-term debt ratio-
Interest coverage107.51
Gross margin13.4%
Net margin5.5%
ROA13.0%
ROE64.2%
EBITDA margin7.6%
Days sales outstanding40d
Days payable outstanding118d
Inventory turnover27.82
Days inventory (DSI)13d
Balance-sheet composition 2023
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€209k
Fixed assets 21/28€2k
Tangible fixed assets 22/27€2k
Financial fixed assets 28€454
Current assets 29/58€207k
Stocks & contracts in progress 3€15k
Amounts receivable within one year 40/41€131k
Cash & bank 54/58€60k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€209k
Equity 10/15€42k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€22k
Amounts payable 17/49€167k
Amounts payable within one year 42/48€167k
Trade debts payable within one year 44€138k
Income statement
Turnover 70€492k
Gross operating margin 9900€41k
Operating result 9901€37k
Financial income 75€2k
Financial charges 65€346
Result before taxes 9903€39k
Income taxes 67/77€12k
Net result for the period 9904€27k
Result to be appropriated 9905€27k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
78 / 100 Excellent
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Directors

Directors & mandates

1 director
4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Former directors (1)
  • Maeva Netoiu
    Director (executive)
    State Gazette act 25066055 (23-05-2025)
    Former
    - → 23-05-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Bouwrijp maken van terreinen(43120)
Legal form Private limited company(610)
Incorporation06-04-2017
StatusActive
Postal code1160

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

1 location
Trooststraat 113, 1030 Schaarbeek
Reparatie en onderhoud van elektrische apparatuur
since 20182.274.377.905
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1,113 m²
Buildings2
Building footprint792 m²
Volume (LiDAR)5,599 m³
Tallest building15.6 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21332B0352/00M000 Brussels 961 m² 1 · 643 m² 12.1 m · 2 fl.
21906D0075/00M003 Brussels 151 m² 1 · 149 m² 15.6 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts
All acts · 1 updated 1 year ago
2025
23-05-2025 Maeva Netoiu resigns as director (executive) Director changes
  • Maeva Netoiu, Directeur

Analysis

Financial profile

5 of 5 axes measured
Health78Profitability64Solvency30Growth63Stability100
67 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 78
Profitability 64
Solvency 30
Growth 63
Stability 100

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 936 of the 8,411 companies in this sector. 831 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Stukadoorswerk43310Stukadoorswerk43310Schrijnwerk43320Schrijnwerk43320Schilderen van gebouwen43341Schilderen van gebouwen43341Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390
Primary activity highlighted.
Names & trade names
Legal nameFR ARROW CONSTRUCT
Registered office
Waverse steenweg 1729
1160 Oudergem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.