This made-up label is a legacy from Discogs' former system for regional branches of large companies. It should not be used anymore and should be replaced by actual labels or companies on releases where it is used.
The actual label is very likely to be Arcade, Arcade Music Company or CNR Music. It could however be a totally unrelated label, because this legacy entry was sometimes used on releases where Arcade or one of its subdivisions only had a minor role, such as distribution.
Additionally, one or several of these Arcade subdivisions are likely to be given some roles on these releases, such as copyright holders, marketers or distributors: Arcade Music Company Belgium, Arcade Music Company Belgium NV, Arcade Music Company Belgium B.V., Arcade Benelux B.V., Arcade Music Company, Arcade Music Company NV, Arcade Belgium, Roadrunner Arcade Music Belgium, Roadrunner Arcade Music Belgium NV.