AR · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

AR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2022 annual accounts show equity of €600k and a net result of €3k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 52% of 1824 sector peers (fiscal year 2022). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2023 was due at the National Bank by 31-07-2024. Nothing is on record today, 758 days later. 3 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed more than 90 days late

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-01-2026, 911 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	nothing on record	not filed	-
31-12-2022	31-07-2023	27-01-2026	911 d late	2026-00014476
31-12-2021	31-07-2022	29-08-2022	29 d late	2022-20332830
31-12-2020	31-07-2021	26-08-2021	26 d late	2021-53300546
31-12-2019	31-07-2020	30-10-2020	91 d late	2020-64900584
31-12-2018	31-07-2019	30-08-2019	30 d late	2019-55200333
31-12-2017	31-07-2018	23-08-2018	23 d late	2018-48200245
31-12-2016	31-07-2017	31-08-2017	31 d late	2017-54900203
31-12-2015	31-07-2016	23-08-2016	23 d late	2016-44800314
31-12-2014	31-07-2015	20-08-2015	20 d late	2015-43700363

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1993, 32 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€600k+0.4%

Net result€3k+42.9%

Total assets€1.17M+30.3%

Solvency51.1%-15.2pp

CSV export

Annual accounts & ratios

Source: NBB · 2022

Annual accounts filed on 27-01-2026 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 5 fiscal years (±0.7%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

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).

Sector comparison

Fiscal year 2022 · NACE 64, Financial services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	51.1%	49.2%	better than 52% of 1824 sector peers
Net result	€3k	€28k	better than 22% of 1824 sector peers
Equity	€600k	€56k	better than 92% of 1824 sector peers
Gross operating margin	€8k	€45k	better than 20% of 1822 sector peers
Total assets	€1.17M	€149k	better than 89% of 1824 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P52

Weakening position over 2020-2022 · n=371-1824

Net result P22

Weakening position over 2020-2022 · n=370-1824

Equity P92

Stable position over 2020-2022 · n=371-1824

Gross operating margin P20

Stable position over 2020-2022 · n=368-1822

Describes the position versus peers, not a forecast.

Net profit

€3k

+42.9% 18-22

Total assets

€1.17M

+30.3% 18-22

Equity

€600k

+0.4% 18-22

Income taxes

€401

- 18-22

Debt

€574k

+89.3% 18-22

Debt ≤ 1y

€574k

+89.3% 18-22

Debt > 1y

€0

-100.0% 18-22

Solvency

51.1%

-22.9% 18-22

Show 2 other metrics

ROE

0.4%

+42.3% 18-22

ROA

0.2%

+9.7% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	n/a
EBITDA	n/a
Net profit	€3k
Cash flow	n/a
Staff costs	-
Income taxes	€401
Dividends	-
Total assets	€1.17M
Equity	€600k
Debt	€574k
of which ≤ 1y	€574k
of which > 1y	-
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	51.1%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	0.2%
ROE	0.4%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2022

Assets

Fixed assets €748k · 63.7% Current assets €426k · 36.3%

Equity & liabilities

Equity €600k · 51.1% Debt €574k · 48.9%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.17M
Fixed assets	21/28	€748k
Intangible fixed assets	21	€600
Tangible fixed assets	22/27	€712k
Financial fixed assets	28	€35k
Current assets	29/58	€426k
Amounts receivable within one year	40/41	€397k
Cash & bank	54/58	€20k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.17M
Equity	10/15	€600k
Contributions / capital	10/11	€19k
Reserves	13	€17k
Accumulated profits (losses)	14	€-1k
Amounts payable	17/49	€574k
Amounts payable within one year	42/48	€574k
Trade debts payable within one year	44	€75k
Income statement
Gross operating margin	9900	€8k
Operating result	9901	€-5k
Financial income	75	€8k
Financial charges	65	€85
Result before taxes	9903	€3k
Income taxes	67/77	€401
Net result for the period	9904	€3k
Result to be appropriated	9905	€3k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2022 · computed

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

5 companies at this address See who is registered here

Establishment units

1 location

AR BVBA

Oudekerkstraat 42, 2018 AntwerpenManagementsactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.

since 19942.065.794.845

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area153 m²

Buildings1

Building footprint88 m²

Volume (LiDAR)894 m³

Tallest building16.0 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11810K1762/00Z002 ProtectedMonumentArt nouveau burgerhuisSource ↗	Flanders	153 m²	1 · 88 m²	16.0 m · 5 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 4 acts read

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

4 of 5 axes measured

62 / 100

Strong profile, led by stability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 2

Solvency 68

Growth 78

Stability 100

Credit advice

verdict per customer and amount

Similar

Similar companies

Comparable size, same sector

SAX & PARTNERS

BE 0753.958.828 · Gent

Eq €601k→

MARNEF

BE 0756.762.128 · Schilde

Eq €599k→

Artemis

BE 0787.420.759 · Oud-Turnhout

Eq €602k→

KIPPENVEL

BE 0728.599.266 · Lille

Eq €598k→

KPMI

BE 0760.773.572 · Hasselt

Eq €597k→

We hold annual accounts for 5,579 of the 24,682 companies in this sector. 3,380 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Holdings64200Activiteiten van holdings64210Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110

Primary activity highlighted.

Names & trade names

Legal nameNL

AR

Registered office

Oudekerkstraat 42

2018 Antwerpen, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.