AORA
ActiveSummary
AORA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196k and a net result of €-6k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-33
Solvency100▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 3.08 against 3.1 in 2024; short-term debt: 17% and cash: 16.8% of total assets), and 21.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
60 d late
2023
59 d late
2022
60 d late
2021
59 d late
2020
24 d late
2019
31 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€196k▼ 3.1%
2024 · €202k
Total assets
€249k▼ 11.7%
2024 · €282k
Net result
€-6k
2024 · €8k
Working capital
€88k▼ 17.8%
2024 · €107k
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€64k▼ 4.6%€47k▼ 25.4%€24k▼ 48.4%€14k▼ 41.8%€-9k
Net result€42k▲ 5.0%€27k▼ 36.6%€12k▼ 53.6%€8k▼ 36.9%€-6k
Equity€155k▲ 37.3%€182k▲ 17.2%€194k▲ 6.8%€202k▲ 4.0%€196k▼ 3.1%
Total assets€286k▼ 10.3%€383k▲ 34.3%€321k▼ 16.2%€282k▼ 12.3%€249k▼ 11.7%
Debt€130k▼ 36.5%€201k▲ 54.5%€127k▼ 36.9%€80k▼ 37.2%€53k▼ 33.7%
Working capital€130k▼ 12.1%€116k▼ 10.5%€109k▼ 6.5%€107k▼ 1.4%€88k▼ 17.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €14k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €249k
Fixed assets
€118k ▼ 4.3%
Current assets
€130k ▼ 17.6%
Equity and liabilities €249k
Equity
€196k ▼ 3.1%
Debt
€53k ▼ 33.7%
Debt's share of the balance-sheet total falls from 28.3% to 21.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▼
2024 · €29k
Cash flow
€9k▼
2024 · €22k
Current ratio
3.08▼
2024 · 3.10
Debt to equity
0.27▼
2024 · 0.39
ROE
-3.2%▼
2024 · 3.9%
ROA
-2.5%▼
2024 · 2.8%
Interest coverage
2.84▼
2024 · 11.47
Debt ≤ 1 year
€42k▼
2024 · €51k
Debt > 1 year
€11k▼
2024 · €29k
Income taxes
€3k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €9k | €15k | €15k | €15k | ▲ 4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €-170 | - |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▼ 9.5% |
| Gross operating margin9900 | €72k | €59k | €41k | €31k | €8k | ▼ 74.8% |
| Operating profit (loss)9901 | €64k | €47k | €24k | €14k | €-9k | ▼ 166% |
| Financial income75/76B | €10k | €1k | €817 | €1k | €8k | ▲ 582% |
| Recurring financial income75 | €10k | €1k | €817 | €1k | €2k | ▲ 43.9% |
| Non-recurring financial income76B | - | - | - | - | €6k | - |
| Financial charges65/66B | €8k | €9k | €7k | €3k | €2k | ▼ 18.0% |
| Recurring financial charges65 | €8k | €9k | €7k | €3k | €2k | ▼ 18.0% |
| Profit (loss) for the period before taxes9903 | €66k | €39k | €19k | €13k | €-4k | ▼ 128% |
| Income taxes67/77 | €24k | €13k | €6k | €5k | €3k | ▼ 48.0% |
| Profit (loss) for the period9904 | €42k | €27k | €12k | €8k | €-6k | ▼ 180% |
| Transfer from tax-exempt reserves789 | €4k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €46k | €27k | €12k | €8k | €-6k | ▼ 180% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €286k | €383k | €321k | €282k | €249k | ▼ 11.7% |
| Fixed assets21/28 | €104k | €145k | €138k | €124k | €118k | ▼ 4.3% |
| Tangible fixed assets22/27 | €103k | €144k | €137k | €123k | €118k | ▼ 4.3% |
| Land and buildings22 | €97k | €108k | €108k | €101k | €93k | ▼ 7.1% |
| Plant, machinery and equipment23 | €1k | €513 | €1k | €1k | €9k | ▲ 719% |
| Furniture and vehicles24 | €5k | €35k | €28k | €21k | €16k | ▼ 26.6% |
| Financial fixed assets28 | €555 | €642 | €642 | €642 | €642 | = |
| Current assets29/58 | €182k | €239k | €184k | €158k | €130k | ▼ 17.6% |
| Amounts receivable within one year40/41 | €27k | €117k | €64k | €63k | €32k | ▼ 49.4% |
| Trade receivables40 | €26k | €110k | €43k | €42k | €12k | ▼ 71.3% |
| Other amounts receivable41 | €184 | €8k | €22k | €21k | €20k | ▼ 6.6% |
| Current investments50/53 | €51k | €56k | €56k | €60k | €57k | ▼ 6.3% |
| Cash at bank and in hand54/58 | €105k | €64k | €63k | €35k | €42k | ▲ 21.1% |
| Deferred charges and accrued income490/1 | - | €1k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €286k | €383k | €321k | €282k | €249k | ▼ 11.7% |
| Equity10/15 | €155k | €182k | €194k | €202k | €196k | ▼ 3.1% |
| Contributions10/11 | €38k | €38k | €38k | €38k | €38k | = |
| Reserves13 | €118k | €144k | €157k | €165k | €165k | = |
| Non-distributable reserves130/1 | €4k | - | - | - | - | - |
| Reserves not available under the articles1311 | €4k | - | - | - | - | - |
| Distributable reserves133 | €114k | €144k | €157k | €165k | €165k | = |
| Profit (loss) carried forward14 | - | - | - | - | €-6k | - |
| Amounts payable17/49 | €130k | €201k | €127k | €80k | €53k | ▼ 33.7% |
| Amounts payable after more than one year17 | €78k | €79k | €52k | €29k | €11k | ▼ 63.2% |
| Financial debts170/4 | €78k | €79k | €52k | €29k | €11k | ▼ 63.2% |
| Amounts payable within one year42/48 | €52k | €123k | €75k | €51k | €42k | ▼ 17.1% |
| Current portion of amounts payable after more than one year42 | €15k | €26k | €27k | €23k | €18k | ▼ 22.6% |
| Trade debts44 | €3k | €67k | €27k | €6k | €2k | ▼ 69.4% |
| Suppliers440/4 | €3k | €67k | €27k | €6k | €2k | ▼ 69.4% |
| Taxes, remuneration and social security45 | €23k | €14k | €1k | €7k | €7k | ▲ 6.6% |
| Taxes450/3 | €23k | €14k | €1k | €7k | €7k | ▲ 6.6% |
| Other amounts payable47/48 | €11k | €16k | €20k | €15k | €15k | ▲ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42k | €27k | €12k | €8k | €-6k | ▼ 180% |
| + Depreciation and write-downs630 | €7k | €9k | €15k | €15k | €15k | ▲ 4.5% |
| Operating cash flow (approximation) | €49k | €36k | €27k | €22k | €9k | ▼ 59.8% |
| Investment in fixed assets (approximation) | - | €-50k | €-8k | €-551 | €-10k | ▼ 1,711% |
| Change in cash | - | €-41k | €-694 | €-29k | €7k | ▲ 125% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Equity above €200kEq €202k ▲4%
7 profitable years in a row build equity to €202k.
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
31-12
Financial
Highest result since 2018net €42k ▲5%
Net result €42k, the highest in the series.
31-12
Financial
Equity above €150kEq €155k ▲37.3%
4 profitable years in a row build equity to €155k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Equity above €100kEq €113k ▲55.1%
3 profitable years in a row build equity to €113k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Niklaas · 1 establishment unit since 2006
Ground area
687 m²
Building footprint
107 m²
Volume, LiDAR
626 m³
Parcel 46002C1095/00D002, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AORA
since 20062.158.374.021
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002C1095/00D002 | Flanders | 687 m² | 1 · 107 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 3,965 EUR awarded · 3,721 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 674 EUR | 674 EUR |
| 2024 | 1 | 0 EUR | 863 EUR |
| 2023 | 1 | 3,291 EUR | 2,184 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,134 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-11-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
74301Translation services
82300Organisation of conventions and trade shows
85592Vocational training
Contact
Website
www.aora.be
E-mail
luc@aora.be
Scores and ratios are computed by Checked and are not a credit decision.