Turnover
≈ €190,000 estimated
The micro format states no turnover.
AR21
Lifetime
1 annual account with figurespeak €27,103 (2025)
€27,103
peak €21,248 (2025)
€21,248
peak €26,248 (2025)
€26,248
€37,792
Board1 name since 2025
1 directorIOANESI Andrei
Documentsfilings and deeds
09-09-202640 days late
2025micro format
Incorporation 13-021 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€5,000 100 shares
2025 accounts filed 40 days after the deadline
Checked score
39
Weak
Financially stronger than 53% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2026: 3.6%lowest value
04-2026: 3.7%▲ +0.1 percentage points vs 03-2026
05-2026: 3.8%▲ +0.1 percentage points vs 04-2026
06-2026: 4.2%▲ +0.4 percentage points vs 05-2026
07-2026: 4.2%● unchanged vs 06-2026
08-2026: 4.6%▲ +0.4 percentage points vs 07-2026
09-2026: 5.0%▲ +0.4 percentage points vs 08-2026
10-2026: 5.1%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 5.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2025
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €64,040
Last filed accounts filed 40 days late; 1 of the last 3 accounts late
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 49% of them on solvency, 19% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as AR21 has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of AR21 itself is higher: 5.1% within 12 months. It rests on far more data about AR21 than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 11,279 companies, not a prediction for AR21. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 1.54, above the usual 1.5. Short-term debt is 59% and cash 3.1% of total assets. However, 59% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 40 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
40 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Incorporation
Founding capital of €5,000, 100 shares · Founder: IOANESI Andrei · Appointment: IOANESI Andrei (director) · published on 13-02-2025 · Gazette deed
First establishment
Aaishove 45, Knokke-Heist
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AR21 Knokke-Heist | €64,040 | €27,103 | 41.0% | - |
| GANDRA DIAS Nivelles | €72,917 | €33,294 | 22.6% | - |
| ILARTU CONSTRUCT Meise | €68,779 | €26,017 | 20.3% | - |
| Art-X Bruges | €68,169 | €23,449 | 32.7% | - |
| CLAEYS D Beernem | €69,294 | €36,020 | 87.5% | - |
| Jaade Berlare | €43,697 | €28,204 | 53.9% | - |
| Matthias Scheerlinck Erpe-Mere | €67,703 | €30,207 | 24.9% | - |
These companies have the same main activity as AR21: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €43,700 and €72,900, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 11-02-2025Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 5 others
- Establishment unit
- 2.369.875.3938301 Knokke-Heist, since 11-02-2025
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on AR21
The computed 12-month bankruptcy probability of AR21 is 5.1% (elevated). The 2025 annual accounts show equity of €26,248 and a net result of €21,248.
Its solvency ranks better than 48% of 9,456 sector peers (NACE 41, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AR21
- What is the company number of AR21?
- The company number of AR21 is 1019.880.071. The VAT number is the same number with BE in front: BE 1019.880.071.
- Where is AR21 based?
- The registered office is at Aaishove 45, 8301 Knokke-Heist.Company details
- What does AR21 do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of AR21?
- AR21 is a private limited company (BV).
- When was AR21 founded?
- AR21 was founded on 11-02-2025.
- Is AR21 still active?
- Yes, AR21 is an active enterprise in the KBO register.
- What is the turnover of AR21?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €27,103 and 169 comparable companies (NACE 410). It probably lies between €100,000 and €340,000.Financials
- Is AR21 profitable?
- In financial year 2025, AR21 made a profit of €21,248.
- Where can I find the annual accounts of AR21?
- AR21 filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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