ARA
The computed 12-month bankruptcy probability of ARA is 0.5% (very low). The 2021 annual accounts show equity of €6k and a net result of €-592. Equity is growing by ~126.9% per year across the filed fiscal years. The company has been active since 1989 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
| Equity | €6k |
| Net result | €-592 |
| Active | 37 yrs |
| Locations | 1 |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
Show 8 other metrics
| Fiscal year | 2021 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €55 |
| Net profit | €-592 |
| Cash flow | €8 |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €74k |
| Equity | €6k |
| Debt | €67k |
| of which ≤ 1y | €67k |
| of which > 1y | - |
| Working capital | €1k |
| Employees (FTE) | - |
| 2021 | |
|---|---|
| Current ratio | 1.02 |
| Quick ratio | 1.02 |
| Working capital ratio | 1.9% |
| Solvency | 8.5% |
| Debt / equity | 10.82 |
| Long-term debt ratio | - |
| Interest coverage | 1.18 |
| Gross margin | - |
| Net margin | - |
| ROA | -0.8% |
| ROE | -9.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (20 line items)
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €74k |
| Fixed assets | 21/28 | €5k |
| Tangible fixed assets | 22/27 | €5k |
| Current assets | 29/58 | €69k |
| Amounts receivable within one year | 40/41 | €65k |
| Cash & bank | 54/58 | €4k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €74k |
| Equity | 10/15 | €6k |
| Contributions / capital | 10/11 | €7k |
| Reserves | 13 | €842 |
| Accumulated profits (losses) | 14 | €-2k |
| Amounts payable | 17/49 | €67k |
| Amounts payable within one year | 42/48 | €67k |
| Trade debts payable within one year | 44 | €24k |
| Income statement | ||
| Gross operating margin | 9900 | €155 |
| Operating result | 9901 | €-545 |
| Financial charges | 65 | €46 |
| Result before taxes | 9903 | €-592 |
| Net result for the period | 9904 | €-592 |
| Result to be appropriated | 9905 | €-592 |
| NACE primary | Overige detailhandel in voedingsmiddelen, neg(47279) |
| Legal form | Coöperatieve vennootschap met beperkte aansprakelijkheid(008) |
| Incorporation | 29-05-1989 |
| Status | Active |
| Postal code | 2650 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0258/00E000 | Flanders | 2,924 m² | 1 · 229 m² | 11.6 m · 3 fl. |
| 11472C0291/00X011 | Flanders | 118 m² | 1 · 118 m² | 11.6 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
| Legal nameNL | ARA |
- 03-04-2026 Late accounts filing