"Aoragh Projects"
The computed 12-month bankruptcy probability of "Aoragh Projects" is 3.4% (moderate). The 2023 annual accounts show equity of €57 and a net result of €-955. Equity is shrinking by ~56.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2024. Its solvency ranks better than 25% of 2839 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €57 |
| Net result | €-955 |
| Better than sector | 25% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 1.9% | 25.5% | |
| Net result | €-955 | €4k | |
| Equity | €57 | €20k | |
| Gross operating margin | €-739 | €18k | |
| Total assets | €3k | €101k |
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €-739 |
| Net profit | €-955 |
| Cash flow | €-789 |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €3k |
| Equity | €57 |
| Debt | €3k |
| of which ≤ 1y | €3k |
| of which > 1y | - |
| Working capital | €-110 |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 0.96 |
| Quick ratio | 0.96 |
| Working capital ratio | -3.7% |
| Solvency | 1.9% |
| Debt / equity | 51.65 |
| Long-term debt ratio | - |
| Interest coverage | -14.78 |
| Gross margin | - |
| Net margin | - |
| ROA | -31.8% |
| ROE | -1675.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €3k |
| Fixed assets | 21/28 | €167 |
| Tangible fixed assets | 22/27 | €167 |
| Current assets | 29/58 | €3k |
| Cash & bank | 54/58 | €3k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3k |
| Equity | 10/15 | €57 |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €-2k |
| Amounts payable | 17/49 | €3k |
| Amounts payable within one year | 42/48 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €-739 |
| Operating result | 9901 | €-905 |
| Financial charges | 65 | €50 |
| Result before taxes | 9903 | €-955 |
| Net result for the period | 9904 | €-955 |
| Result to be appropriated | 9905 | €-955 |
| NACE primary | Wholesale trade(46472) |
| Legal form | Private limited company(610) |
| Incorporation | 17-12-2020 |
| Status | Active |
| Postal code | 3018 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24038C0209/00S000 | Flanders | 95 m² | 1 · 56 m² | 5.5 m |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | "Aoragh Projects" |