AJARC
ActiveSummary
AJARC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€66,637) and a net result of €13,464. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 5% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8737 sector peers (2025).
NBB · sector comparisonPosition among 8737 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 d late
2024
120 d late
2023
30 d late
2022
302 d late
2021
31 d late
2020
31 d late
2018
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 81 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13,464▲ 253%
2024 · €3,818
Working capital
-€1,432▲ 73.5%
2024 · -€5,396
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€35,344-€1,057▲ 97.0%-€50▲ 95.3%€3,818€13,464▲ 253%
Net result-€7,925▼ 74.3%-€1,327▲ 83.3%-€571▲ 57.0%€3,818€13,464▲ 253%
Equity-€82,020▼ 10.7%-€83,348▼ 1.6%-€83,919▼ 0.7%-€80,101▲ 4.5%-€66,637▲ 16.8%
Total assets€31,126▼ 53.2%€31,079▼ 0.2%€163▼ 99.5%€380▲ 134%€4,949▲ 1,201%
Debt€113,146▼ 19.6%€114,426▲ 1.1%€84,081▼ 26.5%€80,481▼ 4.3%€71,586▼ 11.1%
Working capital€26,549▼ 22.8%€26,502▼ 0.2%-€4,414-€5,396▼ 22.3%-€1,432▲ 73.5%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 253% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4,949
Fixed assets
€160 =
Current assets
€4,789 ▲ 2,074%
Key figures and ratios
Debt ≤ 1 year
€6,222▲
2024 · €5,617
Debt > 1 year
€64,965▼
2024 · €74,865
Ratios withheld: a balance sheet total of €4,949 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,639 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €35,150 | - | - | - | - | - |
| Other operating charges640/8 | - | €860 | €50 | - | €1,740 | - |
| Gross operating margin9900 | -€194 | -€197 | - | €3,818 | €15,204 | ▲ 298% |
| Operating profit (loss)9901 | -€35,344 | -€1,057 | -€50 | €3,818 | €13,464 | ▲ 253% |
| Financial income75/76B | €27,620 | - | - | - | - | - |
| Recurring financial income75 | €27,620 | - | - | - | - | - |
| Non-recurring financial income76B | €27,620 | - | - | - | - | - |
| Financial charges65/66B | €201 | €270 | €521 | - | - | - |
| Recurring financial charges65 | €201 | €270 | €108 | - | - | - |
| Non-recurring financial charges66B | - | - | €413 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€7,925 | -€1,327 | -€571 | €3,818 | €13,464 | ▲ 253% |
| Profit (loss) for the period9904 | -€7,925 | -€1,327 | -€571 | €3,818 | €13,464 | ▲ 253% |
| Profit (loss) for the period to be appropriated9905 | -€7,925 | -€1,327 | -€571 | €3,818 | €13,464 | ▲ 253% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,126 | €31,079 | €163 | €380 | €4,949 | ▲ 1,201% |
| Fixed assets21/28 | €160 | €160 | €160 | €160 | €160 | = |
| Financial fixed assets28 | €160 | €160 | €160 | €160 | €160 | = |
| Current assets29/58 | €30,966 | €30,919 | €3 | €220 | €4,789 | ▲ 2,074% |
| Stocks and contracts in progress3 | €413 | €413 | - | - | - | - |
| Stocks30/36 | €413 | €413 | - | - | - | - |
| Amounts receivable within one year40/41 | €30,500 | €30,500 | - | - | €4,000 | - |
| Trade receivables40 | €30,500 | €30,500 | - | - | €4,000 | - |
| Cash at bank and in hand54/58 | €53 | €5 | €3 | €220 | €789 | ▲ 258% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,126 | €31,079 | €163 | €380 | €4,949 | ▲ 1,201% |
| Equity10/15 | -€82,020 | -€83,348 | -€83,919 | -€80,101 | -€66,637 | ▲ 16.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €5,700 | €5,700 | €5,700 | €5,700 | €5,700 | = |
| Non-distributable reserves130/1 | €5,700 | €5,700 | €5,700 | €5,700 | €5,700 | = |
| Legal reserve130 | €5,700 | €5,700 | €5,700 | €5,700 | €5,700 | = |
| Profit (loss) carried forward14 | -€149,720 | -€151,048 | -€151,619 | -€147,801 | -€134,337 | ▲ 9.1% |
| Amounts payable17/49 | €113,146 | €114,426 | €84,081 | €80,481 | €71,586 | ▼ 11.1% |
| Amounts payable after more than one year17 | €108,730 | €110,010 | €79,665 | €74,865 | €64,965 | ▼ 13.2% |
| Financial debts170/4 | €108,730 | €110,010 | €79,665 | €74,865 | €64,965 | ▼ 13.2% |
| Amounts payable within one year42/48 | €4,417 | €4,417 | €4,417 | €5,617 | €6,222 | ▲ 10.8% |
| Trade debts44 | €4,417 | €4,417 | €4,417 | €5,617 | €6,222 | ▲ 10.8% |
| Suppliers440/4 | €4,417 | €4,417 | €4,417 | €5,617 | €6,222 | ▲ 10.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €400 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,925 | -€1,327 | -€571 | €3,818 | €13,464 | ▲ 253% |
| Operating cash flow (approximation) | -€7,925 | -€1,327 | -€571 | €3,818 | €13,464 | ▲ 253% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€47 | -€3 | €218 | €569 | ▲ 161% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
31-12
Financial
Highest result since 2018net €13,464 ▲253%
Net result €13,464, the highest in the series.
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
2024
31-12
Financial
Back to profitnet €3,818
Net result €3,818 after 5 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
28-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 302 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€7,925
Net result drops to -€7,925, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 7.01
Current ratio from 2.07 to 7.01; short-term debt falls from €32,037 to €4,417.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 365 days late
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 730 days late
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 134 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Thimister-Clermont · 1 establishment unit since 2011
Ground area
1,810 m²
Building footprint
348 m²
Volume, LiDAR
1,572 m³
2 parcels, Wallonia · tallest building 18.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bois de la Croix Claire 137, 4550 Nandrin
since 20112.200.708.878
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63017A0502/00V002 | Wallonia | 952 m² | 1 · 122 m² | - |
| 61043B0042/00C000 | Wallonia | 858 m² | 1 · 226 m² | 18.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
invest.dgp@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837871845
Also
9925:BE0837871845
Registered
10-02-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.