Financials
- Fiscal year
- 2025
- Total assets
- €1.0m
- Loss
- -€50,610
- Solvency
- 8.7%
Total assets▼ 4.1%
Net result
20232025
AR&OW
ActiveSummary
AR&OW has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,663 and a net result of -€50,610. Equity is shrinking by ~33.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 27% of 9986 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
1 site
Size
€1.0mtotal assets 2025
- Equity
- €90,663
- Loss
- -€50,610
Structure
- Parent
- LO2 · 100%
Accounts 24 d early0 of 2 deeds read
Why 83- Liquidity: current ratio 0.18, cash €4,059, halved- Equity €90,663 (8.7% of total assets)+ Size: total assets €1.0m+ Sector Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Better than 30% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
34-4
equity 8.7% of total assets
Liquidity
50-2
short-term debt 4.1% · cash 0.4%
Profitability
24-2
return on assets -4.8%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 10 months
01-2026: 0.2%lowest value
02-2026: 0.2%▲ +1.7% vs 01-2026
03-2026: 0.2%▼ -1.7% vs 02-2026lowest value
04-2026: 0.2%▲ +3.4% vs 03-2026
05-2026: 0.3%▲ +11.0% vs 04-2026
06-2026: 0.3%▲ +15.1% vs 05-2026
07-2026: 0.3%▲ +3.8% vs 06-2026highest value
08-2026: 0.3%▼ -3.7% vs 07-2026
09-2026: 0.3%● 0.0% vs 08-2026
10-2026: 0.3%▼ -0.3% vs 09-2026
- Size: total assets €1.0m lowers the probability for this profile
- Sector Real estate activities (NACE 68) lowers the probability
- Liquidity: current ratio 0.18, cash €4,059, halved raises the probability
- Equity €90,663 (8.7% of total assets) raises the probability
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.66 in 2024; short-term debt: 4.1% and cash: 0.4% of total assets), and 91.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 29%, liquidity 53%, profitability 22%, growth against the median 15%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€50,610
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
24 d early
2024
6 d early
2023
19 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 13 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · full…
- Annual accounts filedfiscal year 2023 · full…
Key points
By topic
Board & ownership
- Parent
- LO2 · 100%
Timeline
- Events
- 3
- Since
- 2024
- Next accounts
- by 31-07-2027
- 07-07-2026Annual accounts filed
- 25-07-2025Annual accounts filed
- 12-07-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Renting and operating of own or leased non-residential…NACE 68203
- Founded
- 20-10-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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