Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
59 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
ARPEGGIO from Watermaal-Bosvoorde, company number BE0471533232, closed financial year 2025 with a result of € 5.9 million after tax. For that financial year ARPEGGIO recorded a gross margin of € -18,718 and equity of € 25,395. Compared with financial year 2024, the result moved from € 2.8 million to € 5.9 million. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 25,395
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.9 million
▲ 111% vs 2024
Profit after tax over the fiscal year.
€ 134,384
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 5.9 million paid out
100 % of the profit went to the shareholders, mostly to Global Baby SAS (100 % of the shares). That is where the money ends up.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 12,439
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -15,206 | € -24,078 | € -23,391 | € -18,718 | ▲ € 4,674 |
| Profit after taxes | € 2,981,297 | € 1,774,507 | € 2,775,553 | € 5,864,200 | ▲ 111% |
| Equity | € 31,135 | € 55,642 | € 31,195 | € 25,395 | ▼ 19% |
| Total debts | € 3,333,592 | € 3,180,478 | € 5,394,987 | € 5,887,423 | ▲ 9% |
| Cash | € 2,714,727 | € 2,340,434 | € 2,250,495 | € 134,384 | ▼ 94% |
| Retained profit | € 11,135 | € 35,642 | € 11,195 | € 5,395 | ▼ 52% |
| Dividend | € 3,000,000 | € 1,750,000 | € 2,800,000 | € 5,870,000 | ▲ 110% |
| Balance sheet total | € 3,364,727 | € 3,236,120 | € 5,426,182 | € 5,912,818 | ▲ 9% |
Key figures of ARPEGGIO, 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 ARPEGGIO?
What happened at ARPEGGIO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5.9 million (▲ 111% vs 2024). Source: NBB ↗
- Racines Entreprises SAS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3 million profit in 2022 to € 5.9 million profit in 2025.
Best year ever: 2025, with € 5.9 million profit.
Paid out € 13.4 million in dividends to the owners in total.
A new publication or filing at ARPEGGIO? 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 ARPEGGIO is Racines Entreprises SAS. The shares are held by Global Baby SAS (100%). It owns 100% of Vitagermine SAS and 14% of Vitagermine Hong-Kong Limited itself.
Directors
According to the 2025 annual accounts
Director · represented by Roger BEGUINOT
since 2013
Shareholders
Global Baby SAS
100%
Participations
Vitagermine SAS
100%
Vitagermine Hong-Kong Limited
14%
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 187
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 59 companies are registered at this address.
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ELMAR IMMO
€ 390,066 gross margin · 2025
JANSON
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+54 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0471.533.232
- VAT number
- BE 0471.533.232
- Registered office
- Terhulpsesteenweg 187, 1170 Watermaal-Bosvoorde
- Names & denominations
- ARPEGGIO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 2000
- Peppol
- Not registered