Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ARSI from Leuven, company number BE0462272702, closed financial year 2025 with a result of € 398 after tax. For that financial year ARSI recorded a gross margin of € 36,549 and equity of € 79,006. Compared with financial year 2024, the result moved from € 8,860 to € 398. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on November 28, 2025.
€ 79,006
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 398
▼ 96% vs 2024
Profit after tax over the fiscal year.
€ 3,717
▲ 180% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 8,833 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 43,452
▲ € 43,320 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 229,362
▲ 6% vs 2024
€ 29,151 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 1,314
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,202
▼ 22% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 56,917 | € 56,911 | € 41,123 | € 36,549 | ▼ 11% |
| Profit after taxes | € 10,919 | € 11,193 | € 8,860 | € 398 | ▼ 96% |
| Equity | € 73,288 | € 83,681 | € 87,441 | € 79,006 | ▼ 10% |
| Total debts | € 301,574 | € 282,022 | € 253,791 | € 296,847 | ▲ 17% |
| Cash | € 10,837 | € 9,123 | € 1,326 | € 3,717 | ▲ 180% |
| Land & buildings | € 174,594 | € 157,628 | € 140,663 | € 123,975 | ▼ 12% |
| Retained profit | € 54,696 | € 65,089 | € 68,849 | € 60,414 | ▼ 12% |
| Dividend | € 800 | € 800 | € 5,100 | € 8,833 | ▲ 73% |
| Bank debt | € 274,252 | € 245,082 | € 216,623 | € 229,362 | ▲ 6% |
| Balance sheet total | € 374,861 | € 365,703 | € 341,233 | € 375,852 | ▲ 10% |
Key figures of ARSI, 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 October 2026.
What happened to ARSI?
What happened at ARSI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 398 (▼ 96% vs 2024). filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
- Piet Vanmeerbeek became a director. NBB
In short
From € 10,919 profit in 2022 to € 398 profit in 2025.
Paid € 13,888 in corporate taxes since 2022.
Best year ever: 2023, with € 11,193 profit.
Paid out € 15,533 in dividends to the owners in total.
A new publication or filing at ARSI? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind ARSI is Piet Vanmeerbeek. It owns 100% of Apotheek Spaanse Kroon itself.
Directors
According to the 2025 annual accounts
Piet Vanmeerbeek
Director
since 1997
Establishments
Establishment units
Physical locations of this company
Spaanse-Lindelaan 2
3000 Leuven
Vlierwijk 7 box 2
1000 Brussel
Active since 24 September 2002
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0462.272.702
- VAT number
- BE 0462.272.702
- Registered office
- Spaanse-Lindelaan 2, 3000 Leuven
- Names & denominations
- ARSI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 1998
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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Holdings