A.R.S.
ActiveA.R.S. has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €345k and a net result of €-14k. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 1888 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency62▲+2
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity short (current ratio 0.25 against 0.17 in 2024), and 48.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€14k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
1 d early
2023
23 d late
2022
4 d late
2021
9 d early
2020
26 d late
2019
19 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-14k▼ 1.9%
2024 · €-14k
2018: €76k
2019: €184k
2020: €5k
2021: €-109k
2022: €71k
2023: €-11k
2024: €-14k
2018 → 2025
Working capital
€-230k▲ 22.3%
2024 · €-296k
2018: €-406k
2019: €-333k
2020: €-301k
2021: €-432k
2022: €-379k
2023: €-350k
2024: €-296k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€329k-€396k▲ 20.3%€381k▼ 3.8%€363k▼ 4.7%€345k▼ 5.0%
Operating result€-89k-€110k€55k▼ 50.0%€16k▼ 70.4%€14k▼ 11.0%
Net result€-109k-€71k€-11k€-14k▼ 27.3%€-14k▼ 1.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €671k
Fixed assets
€595k▼ 13.2%
Current assets
€76k▲ 24.0%
Equity and liabilities €671k
Equity
€345k▼ 5.0%
Debt
€326k▼ 15.0%
The debt ratio falls from 51.3% to 48.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€105k▲
2024 · €102k
Cash flow
€76k▲
2024 · €72k
Solvency
51.5%▲
2024 · 48.7%
Current ratio
0.25▲
2024 · 0.17
Quick ratio
0.25▲
2024 · 0.17
Debt / equity
0.94▼
2024 · 1.05
ROE
-4.0%▼
2024 · -3.7%
ROA
-2.1%▼
2024 · -1.8%
Interest coverage
3.95▲
2024 · 3.78
Debt
€326k▼
2024 · €383k
Debt ≤ 1 year
€306k▼
2024 · €357k
Debt > 1 year
€20k▼
2024 · €26k
Income taxes
€8k▲
2024 · €7k
Staff costs
€59k▼
2024 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€746k€671k▼
Fixed assets21/28€685k€595k▼
Tangible fixed assets22/27€685k€595k▼
Land and buildings22€632k€557k▼
Plant, machinery and equipment23€21k€13k▼
Furniture and vehicles24€32k€25k▼
Current assets29/58€61k€76k▲
Amounts receivable within one year40/41€50k€74k▲
Trade receivables40€50k€74k▲
Other amounts receivable41-€17
Cash at bank and in hand54/58€1k€1k▼
Deferred charges and accrued income490/1€9k€338▼
Equity and liabilities
Total equity and liabilities10/49€746k€671k▼
Equity10/15€363k€345k▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Revaluation surpluses12€455k€420k▼
Reserves13€266k€301k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€247k€282k▲
Profit (loss) carried forward14€-402k€-416k▼
Investment grants15€26k€21k▼
Amounts payable17/49€383k€326k▼
Amounts payable after more than one year17€26k€20k▼
Financial debts170/4€26k€20k▼
Amounts payable within one year42/48€357k€306k▼
Current portion of amounts payable after more than one year42€23k€6k▼
Financial debts43€300k€220k▼
Credit institutions430/8€300k€220k▼
Trade debts44€6k€11k▲
Suppliers440/4€6k€11k▲
Taxes, remuneration and social security45€28k€33k▲
Taxes450/3€16k€27k▲
Remuneration and social security454/9€11k€6k▼
Other amounts payable47/48€444€36k▲
Income statement
Code20242025
Remuneration, social security and pensions62€68k€59k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€90k▲
Other operating charges640/8€11k€4k▼
Non-recurring operating charges66A€599€190▼
Gross operating margin9900€181k€168k▼
Operating profit (loss)9901€16k€14k▼
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€27k€27k▼
Recurring financial charges65€27k€27k▼
Profit (loss) for the period before taxes9903€-6k€-6k▲
Income taxes67/77€7k€8k▲
Profit (loss) for the period9904€-14k€-14k▼
Profit (loss) for the period to be appropriated9905€-14k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-402k€-416k▼
Profit (loss) brought forward from the previous period14P€-388k€-402k▼
Social balance
Average headcount (FTE)908720.0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
31-12
Financial
Back to profitnet €71k
Net result €71k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-109k ▼2214%
Net result drops to €-109k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Highest result since 2018net €184k ▲143%
Operating result €250k, net result €184k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
23-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 115 days late
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 233 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aiseau-Presles · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Ecoles(AI) 36250 Aiseau-PreslesGround area
5,433 m²
Building footprint
870 m²
Volume, LiDAR
3,441 m³
2 parcels, Wallonia · tallest building 16.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ARS SPRL
since 20082.179.563.175
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332B0491/00G003 | Wallonia | 4,981 m² | 1 · 590 m² | - |
| 52002A0255/00R000 | Wallonia | 452 m² | 1 · 280 m² | 16.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Work Sol-ID
BE 0730.964.878
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DADDA METALS
BE 0647.732.148
Maasmechelen · Eq €345k
TELLURIA
BE 0461.906.179
Tongeren-Borgloon · Eq €347k
Degroote Hans
BE 0806.220.052
Lo-Reninge · Eq €347k
BKG CONSTRUCT
BE 0670.472.215
Glabbeek · Eq €343k
Of 3,964 companies in sector 25110 we hold annual accounts for 2,132. 1,614 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2005
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25530Machining of metals
28110
28520
25120Manufacture of fabricated metal products, except machinery and equipment
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
28120
28510
43320Joinery installation
45422
71401
77221Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.