A.A.R.

Active

Private limited companyfounded 1990active for 36 yearsRue du Molinay 41, 4100 Seraing, BelgiumKBO/BCE: BE 0439.935.877

Summary

The computed 12-month bankruptcy probability of A.A.R. is 3.9% (moderate). The 2024 annual accounts show negative equity (-€126,049) and a net result of -€11,895. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 5% of 25,567 sector peers (NACE 47, financial year 2024). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

A.A.R.ActiveChecked score 47/100

Risk analysis Report Compare

Activity

Retail trade

NACE 47631

1 site

Size

€10,586turnover 2024

Equity: -€126,049
Loss: -€11,895

Financial health

47 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 3.9%

Structure

MOREAU YvesDirector

2025 accounts not filed, 88 days past the deadline1 of 2 deeds summarised

Why 47raises riskLiquidity: current ratio 0.47Sector: Retail trade (NACE 47)Loss of €11,895, the second in a row (financial year 2024)lowers riskSize: turnover €10,586, total assets €26,497Show the evidence

Checked score

Score 2024

47 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 13% of its sector peers (NACE 47, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 0=

equity -475.7% of total assets

Liquidity 0=

short-term debt 120.8%

Profitability 0=

return on assets -44.9%

Bankruptcy probability, 12 months

3.9% Moderate

0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,246 companies, NACE 47, micro)

Last 24 months 11-2024: 3.2% 12-2024: 3.2%● unchanged vs 11-2024 01-2025: 3.2%● unchanged vs 12-2024 02-2025: 3.2%● unchanged vs 01-2025 03-2025: 3.2%● unchanged vs 02-2025 04-2025: 3.3%▲ +0.1 percentage points vs 03-2025 05-2025: 3.3%● unchanged vs 04-2025 06-2025: 3.1%▼ -0.2 percentage points vs 05-2025lowest value 07-2025: 3.3%▲ +0.2 percentage points vs 06-2025 08-2025: 3.5%▲ +0.2 percentage points vs 07-2025 09-2025: 3.3%▼ -0.2 percentage points vs 08-2025 10-2025: 3.3%● unchanged vs 09-2025 11-2025: 3.3%● unchanged vs 10-2025 12-2025: 3.3%● unchanged vs 11-2025 01-2026: 3.4%▲ +0.1 percentage points vs 12-2025 02-2026: 3.4%● unchanged vs 01-2026 03-2026: 3.4%● unchanged vs 02-2026 04-2026: 3.4%● unchanged vs 03-2026 05-2026: 3.4%● unchanged vs 04-2026 06-2026: 3.2%▼ -0.2 percentage points vs 05-2026 07-2026: 3.3%▲ +0.1 percentage points vs 06-2026 08-2026: 3.7%▲ +0.4 percentage points vs 07-2026 09-2026: 3.5%▼ -0.2 percentage points vs 08-2026 10-2026: 3.9%▲ +0.4 percentage points vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.47, compared with 0.5 in 2023, below 1; short-term debt: 120.8% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 6% on solvency, 1% on liquidity, 6% on profitability and 39% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises risk

Size: turnover €10,586, total assets €26,497

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 0.47

NBB · annual accounts

Sector: Retail trade (NACE 47)

KBO

Loss of €11,895, the second in a row (financial year 2024)

NBB · annual accounts

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€126,049

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 88 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline27-10-2026 today

2024 accounts filed 11 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

11 days late

2023

31 days late

2022

97 days late

2021

27 days late

2020

27 days late

2019

105 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 50 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

11-08-2025 Annual accounts filedfinancial year 2024 · micro…
31-08-2024 Annual accounts filedfinancial year 2023 · micro…
28-12-2023 Reappointment: MOREAU Yves (director)Amendment of the articles ·…

Key points

Risk: Negative equityfinancial year 2024: debts exceed assets -€126,049 View
Risk: 7 loss-making years in a rowloss financial year 2024 -€11,895 View
Caution: Among the weakest 5% on solvencysector median 32.2% · 25,567 companies -475.7% View
Caution: 2025 accounts not fileddeadline was 31-07-2026 88 days past the deadline View

By topic

Financials

Financial year: 2024
Turnover: €10,586
Loss: -€11,895
Solvency: -475.7%

Turnover▲ 3.3%

Net result

20182024

Go to Financials

Board & ownership

Board: 1 member

MOREAU YvesDirector

Go to Board & ownership

Timeline

Events: 36
Since: 1991

05-11-2023Annual accounts filed
27-08-2022Annual accounts filed
27-08-2021Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Retail tradeNACE 47631
Founded: 01-02-1990
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 26

See the provisions in the deeds

Go to Articles of association

Key facts about A.A.R.

What is the company number of A.A.R.?: 0439.935.877. In Belgium the VAT number is the company number with BE in front: BE 0439.935.877.
Where is A.A.R. based?: The registered office is at Rue du Molinay 41, 4100 Seraing.Company details
What does A.A.R. do?: According to the KBO register, the main activity is retail trade (NACE 47631).
What is the legal form of A.A.R.?: Private limited company (BV).
When was A.A.R. founded?: On 01-02-1990.
Is A.A.R. still active?: Yes, A.A.R. is an active enterprise in the KBO register.
What is the turnover of A.A.R.?: €10,586 in financial year 2024, according to the filed annual accounts.Financials
Is A.A.R. profitable?: In financial year 2024, A.A.R. made a loss of €11,895.
Where can I find the annual accounts of A.A.R.?: A.A.R. filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2024.