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AR ACADEMY

Active
Private limited companyfounded 20233 yrs activeWayezstraat 12, 1070 Anderlecht, BelgiumKBO/BCE: BE 0801.229.403
Summary

AR ACADEMY has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12,689 and a net result of €7,592. Its solvency ranks better than 40% of 2546 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+79
Solvency58▼-25
Growth85
Track record94
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.83 against 2.39 in 2023; short-term debt: 63.5% of total assets), and 67.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
32.5%
Return on assets
19.5%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-04-2026, 260 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.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
260 d late
2023
93 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 177 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

AR ACADEMY was incorporated on 27 April 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Turnover
€107,368▲ 1,654%
2023 · €6,120
EBIT margin
7.1%▲ 86.9pp
2023 · -79.8%
Net result
€7,592
2023 · -€4,904
Working capital
-€4,190
2023 · €5,096
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Turnover€6,120-€107,368▲ 1,654%
Operating result-€4,881-€7,636
Net result-€4,904below the sector's middle half-€7,592within the sector's middle half
EBIT margin-79.8%-7.1%▲ 86.9pp
Equity€5,096within the sector's middle half-€12,689within the sector's middle half▲ 149%
Total assets€8,764below the sector's middle half-€38,994within the sector's middle half▲ 345%
Debt€3,667-€26,306▲ 617%
Working capital€5,096within the sector's middle half--€4,190within the sector's middle half
Solvency58.2%within the sector's middle half-32.5%within the sector's middle half▼ 25.6pp
Current ratio2.39within the sector's middle half-0.83below the sector's middle half▼ 1.56
Return on assets (ROA)-56.0%below the sector's middle half-19.5%within the sector's middle half▲ 75.4pp
above within below the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000Operating result 2023: -€4,881-€4,881Net result 2023: -€4,904-€4,904Operating result 2024: €7,636€7,636Net result 2024: €7,592€7,59220232024-€5,000€0€5,000€10,000Operating result 2023: -€4,881-€4,880Net result 2023: -€4,904-€4,900Operating result 2024: €7,636€7,640Net result 2024: €7,592€7,59020232024
The operating result returns to profit in 2024: €7,636 after a loss of €4,881 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38,994
Fixed assets €18,420
Current assets €20,574
Equity and liabilities €38,994
Equity €12,689 ▲ 149%
Debt €26,306 ▲ 617%
Debt's share of the balance-sheet total rises from 41.8% to 67.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€8,546
Cash flow
€8,502
Debt to equity
2.07▲
2023 · 0.72
ROE
59.8%▲
2023 · -96.2%
Interest coverage
196.45
Debt ≤ 1 year
€24,764▲
2023 · €3,667
Debt > 1 year
€1,542
Staff costs
€13,193
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 39,278 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€8,764€38,994▲
Fixed assets21/28-€18,420
Tangible fixed assets22/27-€17,040
Furniture and vehicles24-€17,040
Financial fixed assets28-€1,380
Current assets29/58€8,764€20,574▲
Amounts receivable after more than one year29-€3,908
Trade receivables290-€3,908
Amounts receivable within one year40/41€8,000€4,951▼
Other amounts receivable41€8,000€4,951▼
Current investments50/53€709€11,715▲
Deferred charges and accrued income490/1€55-
Equity and liabilities
Total equity and liabilities10/49€8,764€38,994▲
Equity10/15€5,096€12,689▲
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€4,904€2,689▲
Amounts payable17/49€3,667€26,306▲
Amounts payable after more than one year17-€1,542
Trade debts175-€1,542
Amounts payable within one year42/48€3,667€24,764▲
Taxes, remuneration and social security45€1,285€24,764▲
Taxes450/3€1,285€24,764▲
Other amounts payable47/48€2,382-
Income statement Code20232024
Turnover70€6,120€107,368▲
Goods, raw materials, services and sundry goods60/61€10,416€84,388▲
Remuneration, social security and pensions62-€13,193
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€910
Other operating charges640/8€585€1,358▲
Gross operating margin9900-€4,296€23,096▲
Operating profit (loss)9901-€4,881€7,636▲
Financial charges65/66B€23€44▲
Recurring financial charges65€23€44▲
Profit (loss) for the period before taxes9903-€4,904€7,592▲
Profit (loss) for the period9904-€4,904€7,592▲
Profit (loss) for the period to be appropriated9905-€4,904€7,592▲
Appropriation of the result
Profit (loss) to be appropriated9906-€4,904€2,689▲
Profit (loss) brought forward from the previous period14P--€4,904

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Turnover70€6,120€107,368▲ 1,654%
Goods, raw materials, services and sundry goods60/61€10,416€84,388▲ 710%
Remuneration, social security and pensions62-€13,193-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€910-
Other operating charges640/8€585€1,358▲ 132%
Gross operating margin9900-€4,296€23,096▲ 638%
Operating profit (loss)9901-€4,881€7,636▲ 256%
Financial charges65/66B€23€44▲ 91.2%
Recurring financial charges65€23€44▲ 91.2%
Profit (loss) for the period before taxes9903-€4,904€7,592▲ 255%
Profit (loss) for the period9904-€4,904€7,592▲ 255%
Profit (loss) for the period to be appropriated9905-€4,904€7,592▲ 255%
Line20232024Change
Assets
Total assets20/58€8,764€38,994▲ 345%
Fixed assets21/28-€18,420-
Tangible fixed assets22/27-€17,040-
Furniture and vehicles24-€17,040-
Financial fixed assets28-€1,380-
Current assets29/58€8,764€20,574▲ 135%
Amounts receivable after more than one year29-€3,908-
Trade receivables290-€3,908-
Amounts receivable within one year40/41€8,000€4,951▼ 38.1%
Other amounts receivable41€8,000€4,951▼ 38.1%
Current investments50/53€709€11,715▲ 1,552%
Deferred charges and accrued income490/1€55--
Equity and liabilities
Total equity and liabilities10/49€8,764€38,994▲ 345%
Equity10/15€5,096€12,689▲ 149%
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€4,904€2,689▲ 155%
Amounts payable17/49€3,667€26,306▲ 617%
Amounts payable after more than one year17-€1,542-
Trade debts175-€1,542-
Amounts payable within one year42/48€3,667€24,764▲ 575%
Taxes, remuneration and social security45€1,285€24,764▲ 1,827%
Taxes450/3€1,285€24,764▲ 1,827%
Other amounts payable47/48€2,382--
Line20232024Change
Profit (loss) for the period9904-€4,904€7,592▲ 255%
+ Depreciation and write-downs630-€910-
Operating cash flow (approximation)-€4,904€8,502▲ 273%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
17-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 260 days late
2024
31-12
Financial Back to profitnet €7,592
Net result €7,592 after one loss-making year.
01-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 93 days late
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, Anderlecht · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
96 m²
Building footprint
84 m²
Volume, LiDAR
1,057 m³
Parcel 21001A0566/00R010, Brussels · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
AUTO ECOLE WAYEZ
Wayezstraat 12, 1070 AnderlechtDriving schools for cars and motorcycles
since 20232.346.394.465
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21001A0566/00R010 Brussels 96 m² 1 · 84 m² 15.8 m · 5 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.

Similar companies · same sector, comparable size

Of 1,038 companies in sector 85531 we hold annual accounts for 348. 222 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
Founded27-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
85531Driving schools for cars and motorcycles
Contact
E-mail a.belmehdi@hotmail.com
Phone +32484128792
E-invoicing
Reachable via Peppol
Peppol ID 0208:0801229403
Registered 03-05-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.