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ARA

Active
Public limited companyfounded 199135 yrs activeKonijnestraat 51, 1602 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0444.259.901
Summary

ARA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €950,721 and a net result of €14,105. Equity remains stable across the filed fiscal years (±0.7% per year). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability41▼-1
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
cash: 0.7% of total assets, and 0% 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○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
100%
Return on assets
1.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
30 d late
2023
on the day
2022
61 d late
2021
19 d early
2020
9 d early
2019
119 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 30 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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

On 15 May 1991, ARA was incorporated.1 Total assets went from EUR 979,827 in 2018 to EUR 950,721 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€950,721▲ 1.5%
2023 · €936,615
Total assets
€950,721▲ 1.5%
2023 · €936,615
Net result
€14,105▼ 12.0%
2023 · €16,028
Working capital
€949,443▲ 324%
2020 · €223,874
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€3,873▲ 27.6%-€24,143▼ 523%-€2,981▲ 87.7%-€90,327▼ 2,930%-€7,691▲ 91.5%
Net result-€3,540▲ 25.1%-€21,741▼ 514%-€28,856▼ 32.7%€16,028€14,105▼ 12.0%
Equity€971,184▼ 0.4%€949,443▼ 2.2%€920,587▼ 3.0%€936,615▲ 1.7%€950,721▲ 1.5%
Total assets€973,192▼ 0.2%€949,819▼ 2.4%€920,587▼ 3.1%€936,615▲ 1.7%€950,721▲ 1.5%
Debt€2,008▲ 434%€376▼ 81.3%
Working capital€223,874▼ 1.6%€949,443▲ 324%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0Operating result 2020: -€3,873-€3,873Net result 2020: -€3,540-€3,540Operating result 2021: -€24,143-€24,143Net result 2021: -€21,741-€21,741Operating result 2022: -€2,981-€2,981Net result 2022: -€28,856-€28,856Operating result 2023: -€90,327-€90,327Net result 2023: €16,028€16,028Operating result 2024: -€7,691-€7,691Net result 2024: €14,105€14,10520202021202220232024-€100,000-€50,000€0Operating result 2022: -€2,981-€2,980Net result 2022: -€28,856-€28,900Operating result 2023: -€90,327-€90,300Net result 2023: €16,028€16,000Operating result 2024: -€7,691-€7,690Net result 2024: €14,105€14,100202220232024
The operating result stays negative: a loss of €7,691 in 2024 against €90,327 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €950,721
Fixed assets €86,084 =
Current assets €864,637 ▲ 1.7%
Key figures and ratios
2024 value · change against 2023
Solvency
100.0%=
2023 · 100.0%
ROE
1.5%▼
2023 · 1.7%
ROA
1.5%▼
2023 · 1.7%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 14,733 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 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€936,615€950,721▲
Fixed assets21/28€86,084€86,084=
Tangible fixed assets22/27€86,084€86,084=
Land and buildings22€86,084€86,084=
Current assets29/58€850,532€864,637▲
Amounts receivable after more than one year29€719,630€785,000▲
Other amounts receivable291€719,630€785,000▲
Amounts receivable within one year40/41€320€7,316▲
Trade receivables40€157-
Other amounts receivable41€163€7,316▲
Current investments50/53€43,729€43,729=
Cash at bank and in hand54/58€86,853€6,795▼
Deferred charges and accrued income490/1-€21,797
Equity and liabilities
Total equity and liabilities10/49€936,615€950,721▲
Equity10/15€936,615€950,721▲
Contributions10/11€967,600€967,600=
Capital10€967,600€967,600=
Issued capital100€967,600€967,600=
Reserves13€3,584€3,584=
Non-distributable reserves130/1€1,470€1,470=
Legal reserve130€1,470€1,470=
Distributable reserves133€2,114€2,114=
Profit (loss) carried forward14-€34,568-€20,463▲
Income statement Code20232024
Other operating charges640/8€995€1,067▲
Gross operating margin9900-€89,332-€6,624▲
Operating profit (loss)9901-€90,327-€7,691▲
Financial income75/76B€106,402€21,797▼
Recurring financial income75€20,318€21,797▲
Non-recurring financial income76B€86,084-
Financial charges65/66B€47-
Recurring financial charges65€47-
Profit (loss) for the period before taxes9903€16,028€14,105▼
Profit (loss) for the period9904€16,028€14,105▼
Profit (loss) for the period to be appropriated9905€16,028€14,105▼
Appropriation of the result
Profit (loss) to be appropriated9906-€34,568-€20,463▲
Profit (loss) brought forward from the previous period14P-€50,597-€34,568▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€13,222€899€995€1,067▲ 7.3%
Gross operating margin9900-€2,961-€10,922-€2,081-€89,332-€6,624▲ 92.6%
Operating profit (loss)9901-€3,873-€24,143-€2,981-€90,327-€7,691▲ 91.5%
Financial income75/76B-€3,982€4,852€106,402€21,797▼ 79.5%
Recurring financial income75€333€3,982€4,852€20,318€21,797▲ 7.3%
Non-recurring financial income76B---€86,084--
Financial charges65/66B-€1,579€30,727€47--
Recurring financial charges65-€1,579€30,727€47--
Profit (loss) for the period before taxes9903-€3,540-€21,741-€28,856€16,028€14,105▼ 12.0%
Profit (loss) for the period9904-€3,540-€21,741-€28,856€16,028€14,105▼ 12.0%
Profit (loss) for the period to be appropriated9905-€3,540-€21,741-€28,856€16,028€14,105▼ 12.0%
Line20202021202220232024Change
Assets
Total assets20/58€973,192€949,819€920,587€936,615€950,721▲ 1.5%
Fixed assets21/28€747,310--€86,084€86,084=
Tangible fixed assets22/27€747,310--€86,084€86,084=
Land and buildings22---€86,084€86,084=
Current assets29/58€225,882€949,819€920,587€850,532€864,637▲ 1.7%
Amounts receivable after more than one year29---€719,630€785,000▲ 9.1%
Other amounts receivable291---€719,630€785,000▲ 9.1%
Stocks and contracts in progress3€86,084€86,084€86,084---
Stocks30/36-€86,084€86,084---
Amounts receivable within one year40/41€100€201,333€404,486€320€7,316▲ 2,188%
Trade receivables40---€157--
Other amounts receivable41-€201,333€404,486€163€7,316▲ 4,391%
Current investments50/53€135,860€141,651€43,729€43,729€43,729=
Cash at bank and in hand54/58€3,838€520,751€386,289€86,853€6,795▼ 92.2%
Deferred charges and accrued income490/1----€21,797-
Equity and liabilities
Total equity and liabilities10/49€973,192€949,819€920,587€936,615€950,721▲ 1.5%
Equity10/15€971,184€949,443€920,587€936,615€950,721▲ 1.5%
Contributions10/11€967,600€967,600€967,600€967,600€967,600=
Capital10-€967,600€967,600€967,600€967,600=
Issued capital100-€967,600€967,600€967,600€967,600=
Reserves13€3,584€3,584€3,584€3,584€3,584=
Non-distributable reserves130/1-€1,470€1,470€1,470€1,470=
Legal reserve130-€1,470€1,470€1,470€1,470=
Distributable reserves133-€2,114€2,114€2,114€2,114=
Profit (loss) carried forward14--€21,741-€50,597-€34,568-€20,463▲ 40.8%
Amounts payable17/49€2,008€376----
Amounts payable within one year42/48€2,008€376----
Trade debts44€1,632-----
Other amounts payable47/48-€376----
Line20202021202220232024Change
Profit (loss) for the period9904-€3,540-€21,741-€28,856€16,028€14,105▼ 12.0%
Operating cash flow (approximation)-€3,540-€21,741-€28,856€16,028€14,105▼ 12.0%
Investment in fixed assets (approximation)----€0-
Change in cash-€516,913-€134,462-€299,436-€80,057▲ 73.3%

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

2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €16,028
Net result €16,028 after 5 loss-making years.
30-09
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 61 days late
2022
31-12
Financial Weakest financial yearnet -€28,856
Net result drops to -€28,856, the lowest in the series; recovery starts the following year.
12-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Liquidity times 22current ratio 2525.04
Current ratio from 112.48 to 2525.04; short-term debt falls from €2,008 to €376.
22-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-11
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 119 days late
2019
29-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
18-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Sint-Pieters-Leeuw · 1 establishment unit since 1993
exact location from the address register On OpenStreetMap
Ground area
3,744 m²
Building footprint
512 m²
Volume, LiDAR
1,924 m³
Parcel 23089A0512/00A000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
J.B. Rampelbergstraat 53, 1601 Sint-Pieters-Leeuw
Insurance, reinsurance and pension funding, except compulsory social security
since 19932.064.574.922
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23089A0512/00A000 Flanders 3,744 m² 1 · 512 m² 6.3 m · 1 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.

Identification & contact

Identification
Legal formPublic limited company
Founded15-05-1991
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 28 September 2026 · Peppol Directory

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