Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 25.8 to 23.
Financials
Financial year 2025
ARBOWAR from Waregem, company number BE0405387150, closed financial year 2025 with a result of € -7,407 after tax. For that financial year ARBOWAR recorded a gross margin of € 1.6 million and equity of € 510,459. Compared with financial year 2024, the result moved from € 85,195 to € -7,407. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 510,459
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,407
▼ still € 85,195 profit in 2024
Profit after tax over the fiscal year.
€ 353,095
▲ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 292,434.
People and assets in 2025
23
▼ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 1% vs 2024
€ 61,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 534,602
▲ 30% vs 2024
Of which on lease € 329,888.
Debts at end 2025
€ 678,675
▲ 10% vs 2024
€ 120,841 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 967,844
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 52,694
▼ 48% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,646,122 | € 1,671,012 | € 1,689,386 | € 1,578,270 | ▼ 7% |
| Profit after taxes | € -54,865 | € 23,143 | € 85,195 | € -7,407 | ▼ € 92,602 |
| Equity | € 409,529 | € 432,671 | € 517,866 | € 510,459 | ▼ 1% |
| Total debts | € 1,977,303 | € 1,528,854 | € 2,017,096 | € 1,806,909 | ▼ 10% |
| Cash | € 79,714 | € 181,167 | € 259,687 | € 353,095 | ▲ 36% |
| Land & buildings | € 6,519 | € 4,459 | € 2,399 | € 339 | ▼ 86% |
| Retained profit | € 191,504 | € 214,647 | € 299,842 | € 292,434 | ▼ 2% |
| Bank debt | € 704,958 | € 590,583 | € 615,382 | € 678,675 | ▲ 10% |
| Balance sheet total | € 2,386,832 | € 1,961,526 | € 2,534,962 | € 2,317,368 | ▼ 9% |
| Employees (FTE) | 27.6 | 25.8 | 24.9 | 23 | ▼ 1.9 |
Key figures of ARBOWAR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ARBOWAR?
What happened at ARBOWAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 7,407 (▼ € 92,602 vs 2024). filed late Source: NBB ↗
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 54,865 loss in 2022 to € 7,407 loss in 2025.
Paid € 8,633 in corporate taxes since 2022.
Best year ever: 2024, with € 85,195 profit.
On average € 68,600 of value added per employee in 2025.
Management
The stake of VANCA INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARBOWARBehind ARBOWAR are Charlotte Verstraete and Carl Van den Broecke. The shares are held by VANCA INVEST.
Directors
According to the 2025 annual accounts
Charlotte Verstraete
Director
Carl Van den Broecke
Managing director
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Driesstraat 80
8790 Waregem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
SHARKTECH - Sharktech, US
Website info
Features
Security
Details
- Company number
- 0405.387.150
- VAT number
- BE 0405.387.150
- Registered office
- Driesstraat 80, 8790 Waregem
- Names & denominations
- ARBOWAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 1968
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- arbowar.be
- Activities · NACE
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