Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Arthures from Waregem, company number BE0651913244, closed financial year 2025 with a result of € 44,467 after tax. For that financial year Arthures recorded revenue of € 704,145 and equity of € -206,454. Compared with financial year 2024, the result moved from € 6,041 to € 44,467. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ -206,454
▲ € 44,467 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 44,467
▲ € 38,426 vs 2024
Profit after tax over the fiscal year.
€ 27,125
▼ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -212,654.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 62,821
▲ 2% vs 2024
€ 62,800 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.
€ 840
▼ 78% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 80,767
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,975
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 779,886 | € 704,145 | ▼ 10% |
| Gross margin | € 83,926 | € 86,185 | € 131,108 | € 170,983 | ▲ 30% |
| Profit after taxes | € -34,878 | € -23,498 | € 6,041 | € 44,467 | ▲ € 38,426 |
| Equity | € -233,465 | € -256,963 | € -250,921 | € -206,454 | ▲ € 44,467 |
| Total debts | € 653,114 | € 681,829 | € 702,935 | € 640,485 | ▼ 9% |
| Cash | € 25,853 | € 29,213 | € 83,879 | € 27,125 | ▼ 68% |
| Retained profit | € -239,665 | € -263,163 | € -257,121 | € -212,654 | ▲ € 44,467 |
| Bank debt | € 51,351 | € 13,615 | € 0 | € 0 | |
| Balance sheet total | € 419,649 | € 424,866 | € 452,014 | € 434,031 | ▼ 4% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of Arthures, 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 Arthures?
What happened at Arthures in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 44,467 (▲ € 38,426 vs 2024). Source: NBB ↗
- Dominique Gyselinck became a director. NBB
- Frédéric Dechamps became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 34,878 loss in 2022 to € 44,467 profit in 2025.
Best year ever: 2025, with € 44,467 profit.
On average € 171,000 of value added per employee in 2025.
Management
The stake of Dominique London, EQUILIBRIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ArthuresBehind Arthures are Dominique Gyselinck and Frédéric Dechamps. The shares are held by Dominique London (100%) and EQUILIBRIUM (52%).
Directors
According to the 2025 annual accounts
since 2020
Frédéric Dechamps
Director
since 2020
Shareholders
100%
52%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Henri Lebbestraat 188
8790 Waregem
Grote Markt(Kor) 37
8500 Kortrijk
Active since 14 April 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →FREDO
€ 9 million revenue · 2025
ASTUCE same network
€ 886,345 revenue · 2025
Belgium Luxury Trading
€ 864,608 revenue · 2025
SEACORIN
€ 23 million revenue · 2025
CARTOUCHES same network
€ 837,622 revenue · 2025
+12 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
- 0651.913.244
- VAT number
- BE 0651.913.244
- Registered office
- Henri Lebbestraat 188, 8790 Waregem
- Names & denominations
- Arthures
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 2016
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
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