This comes up from time to time. There have been some attempts. It seems though that there are only two ways to get them working:
Add a new scenery landclass that have a surface roughness high enough to stop a rolling aircraft.
Modify aircrafts to stop at them (in addition it needs to be done in separate ways for separate FDM:s).
You can find one of the efforts on the wiki (Engineered materials arresting systems) and I just added links to this and previous forum topics there that mentions them.
Low-level flying — It's all fun and games till someone looses an engine. (Paraphrased from a YouTube video) Improving the Dassault Mirage F1 (Wiki, Forum, GitLab. Work in slow progress)
You might be able to put a BAK-12 arresting system on the runway just past the threshold. Make the BAK-12 system invisible. Put a hook on your airplane and make it invisible too.
This should work, unless you try to land over another BAK-12 cable