AR HORECA
ActiveSummary
AR HORECA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €88k and a net result of €37k. Its solvency ranks better than 87% of 6162 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+5
Growth52
Track record94
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.45 against 2.25 in 2023; short-term debt: 24% and cash: 35.8% of total assets), and 24% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
27 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€88k▲ 71.7%
2023 · €51k
2023: €51k
2024: €88k▲ +71.7% vs 2023
2023 → 2024
Total assets
€116k▲ 59.2%
2023 · €73k
2023: €73k
2024: €116k▲ +59.2% vs 2023
2023 → 2024
Net result
€37k▼ 24.6%
2023 · €49k
2023: €49k
2024: €37k▼ -24.6% vs 2023
2023 → 2024
Working capital
€68k▲ 154%
2023 · €27k
2023: €27k
2024: €68k▲ +154% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€51k-€88k▲ 71.7%
2023: €51k
2024: €88k▲ +71.7% vs 2023
Operating result€67k-€52k▼ 21.8%
2023: €67k
2024: €52k▼ -21.8% vs 2023
Net result€49k-€37k▼ 24.6%
2023: €49k
2024: €37k▼ -24.6% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116k
Fixed assets
€20k ▼ 18.2%
Current assets
€96k ▲ 98.4%
Equity and liabilities €116k
Equity
€88k ▲ 71.7%
Debt
€28k ▲ 29.3%
Debt's share of the balance-sheet total falls from 29.5% to 24.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€59k▼
2023 · €71k
Cash flow
€43k▼
2023 · €53k
Current ratio
3.45▲
2023 · 2.25
Debt to equity
0.32▼
2023 · 0.42
ROE
41.8%▼
2023 · 95.1%
ROA
31.8%▼
2023 · 67.1%
Interest coverage
33.79▼
2023 · 78.44
Debt ≤ 1 year
€28k▲
2023 · €22k
Income taxes
€15k▼
2023 · €17k
Staff costs
€152
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€73k€116k▲
Fixed assets21/28€25k€20k▼
Tangible fixed assets22/27€25k€20k▼
Land and buildings22€13k€12k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€11k€6k▼
Current assets29/58€48k€96k▲
Amounts receivable within one year40/41€20k€54k▲
Trade receivables40€13k€12k▼
Other amounts receivable41€7k€42k▲
Cash at bank and in hand54/58€28k€42k▲
Deferred charges and accrued income490/1€92€254▲
Equity and liabilities
Total equity and liabilities10/49€73k€116k▲
Equity10/15€51k€88k▲
Contributions10/11€3k€3k=
Reserves13€26k€63k▲
Distributable reserves133€26k€63k▲
Profit (loss) carried forward14€23k€23k=
Amounts payable17/49€22k€28k▲
Amounts payable within one year42/48€22k€28k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€20k€25k▲
Taxes450/3€20k€25k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€152
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€1k€468▼
Gross operating margin9900€72k€59k▼
Operating profit (loss)9901€67k€52k▼
Financial income75/76B€201€2k▲
Recurring financial income75€201€2k▲
Financial charges65/66B€908€2k▲
Recurring financial charges65€908€2k▲
Profit (loss) for the period before taxes9903€66k€52k▼
Income taxes67/77€17k€15k▼
Profit (loss) for the period9904€49k€37k▼
Profit (loss) for the period to be appropriated9905€49k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€60k▲
Profit (loss) brought forward from the previous period14P-€23k
Transfer to equity691/2€26k€37k▲
To the legal reserve6920€26k-
To other reserves6921-€37k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €152 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €6k | ▲ 45.7% |
| Other operating charges640/8 | €1k | €468 | ▼ 57.1% |
| Gross operating margin9900 | €72k | €59k | ▼ 18.1% |
| Operating profit (loss)9901 | €67k | €52k | ▼ 21.8% |
| Financial income75/76B | €201 | €2k | ▲ 653% |
| Recurring financial income75 | €201 | €2k | ▲ 653% |
| Financial charges65/66B | €908 | €2k | ▲ 90.9% |
| Recurring financial charges65 | €908 | €2k | ▲ 90.9% |
| Profit (loss) for the period before taxes9903 | €66k | €52k | ▼ 21.3% |
| Income taxes67/77 | €17k | €15k | ▼ 11.9% |
| Profit (loss) for the period9904 | €49k | €37k | ▼ 24.6% |
| Profit (loss) for the period to be appropriated9905 | €49k | €37k | ▼ 24.6% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €73k | €116k | ▲ 59.2% |
| Fixed assets21/28 | €25k | €20k | ▼ 18.2% |
| Tangible fixed assets22/27 | €25k | €20k | ▼ 18.2% |
| Land and buildings22 | €13k | €12k | ▼ 5.1% |
| Plant, machinery and equipment23 | - | €1k | - |
| Furniture and vehicles24 | €11k | €6k | ▼ 45.0% |
| Current assets29/58 | €48k | €96k | ▲ 98.4% |
| Amounts receivable within one year40/41 | €20k | €54k | ▲ 168% |
| Trade receivables40 | €13k | €12k | ▼ 7.7% |
| Other amounts receivable41 | €7k | €42k | ▲ 471% |
| Cash at bank and in hand54/58 | €28k | €42k | ▲ 47.9% |
| Deferred charges and accrued income490/1 | €92 | €254 | ▲ 177% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €73k | €116k | ▲ 59.2% |
| Equity10/15 | €51k | €88k | ▲ 71.7% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €26k | €63k | ▲ 143% |
| Distributable reserves133 | €26k | €63k | ▲ 143% |
| Profit (loss) carried forward14 | €23k | €23k | = |
| Amounts payable17/49 | €22k | €28k | ▲ 29.3% |
| Amounts payable within one year42/48 | €22k | €28k | ▲ 29.3% |
| Trade debts44 | €1k | €3k | ▲ 112% |
| Suppliers440/4 | €1k | €3k | ▲ 112% |
| Taxes, remuneration and social security45 | €20k | €25k | ▲ 24.4% |
| Taxes450/3 | €20k | €25k | ▲ 24.4% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €49k | €37k | ▼ 24.6% |
| + Depreciation and write-downs630 | €4k | €6k | ▲ 45.7% |
| Operating cash flow (approximation) | €53k | €43k | ▼ 19.0% |
| Investment in fixed assets (approximation) | - | €-2k | - |
| Change in cash | - | €13k | - |
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
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Hasselt · 1 establishment unit since 2022
Ground area
393 m²
Building footprint
101 m²
Volume, LiDAR
709 m³
Parcel 71322A0496/00A003, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AR HORECA
since 20222.333.420.023
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0496/00A003 | Flanders | 393 m² | 1 · 101 m² | 10.1 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
2549009IGJD690N8E587
Similar companies · same sector, comparable size
MAPALE
BE 0558.881.534
Jurbise · Eq €87,317
IMMO KAREL TIMMERMANS
BE 0635.782.045
Beringen · Eq €87,161
EASI QUALITY & SERVICES
BE 0653.830.775
Sint-Jans-Molenbeek · Eq €89,789
FAGNES ETAPE
BE 0841.623.468
Waimes · Eq €90,398
CENTRE PERMANENT D'EDUCATION A LA CONSERVATION DE LA NATURE
BE 0432.932.774
Manage · Eq €90,477
Of 7,005 companies in sector 96999 we hold annual accounts for 602. 430 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
Founded05-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.