ARA
ActiveSummary
ARA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€164,772) and a net result of -€1,925. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 5% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-26
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.09 in 2024; cash: 85% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Return on assets
-14.4%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€164,772
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
28 d early
2022
on the day
2021
4 d early
2020
10 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€164,772▼ 1.2%
2024 · -€162,847
Total assets
€13,360▼ 17.1%
2024 · €16,112
Net result
-€1,925▼ 177%
2024 · -€695
Working capital
-€164,244▼ 1.2%
2024 · -€162,344
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
Line20212022202320242025
Operating result-€4,228€1,938€3,473▲ 79.2%-€559-€1,736▼ 210%
Net result-€4,353€1,793€3,329▲ 85.7%-€695-€1,925▼ 177%
Equity-€167,273▼ 2.7%-€165,481▲ 1.1%-€162,152▲ 2.0%-€162,847▼ 0.4%-€164,772▼ 1.2%
Total assets€9,792▼ 23.0%€14,879▲ 52.0%€17,346▲ 16.6%€16,112▼ 7.1%€13,360▼ 17.1%
Debt€177,065▲ 0.8%€180,359▲ 1.9%€179,498▼ 0.5%€178,958▼ 0.3%€178,131▼ 0.5%
Working capital-€166,815▼ 2.7%-€165,021▲ 1.1%-€161,692▲ 2.0%-€162,344▼ 0.4%-€164,244▼ 1.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,736 in 2025 against €559 in 2024; the loss grows.
Key figures and ratios
Current ratio
0.08▼
2024 · 0.09
Debt to equity
-1.08▲
2024 · -1.10
ROA
-14.4%▼
2024 · -4.3%
Debt ≤ 1 year
€177,604▼
2024 · €178,456
Staff costs
-€272▼
2024 · €952
A ratio outside any meaningful range has been withheld (balance sheet total €13,360, equity -€164,772).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 6,640 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0 | - | €952 | -€272 | ▼ 129% |
| Other operating charges640/8 | - | €112 | €112 | €118 | €139 | ▲ 17.8% |
| Gross operating margin9900 | -€4,020 | €2,050 | €3,585 | €511 | -€1,869 | ▼ 466% |
| Operating profit (loss)9901 | -€4,228 | €1,938 | €3,473 | -€559 | -€1,736 | ▼ 210% |
| Financial income75/76B | - | €1 | €0 | - | - | - |
| Recurring financial income75 | €29 | €1 | €0 | - | - | - |
| Financial charges65/66B | - | €146 | €144 | €135 | €189 | ▲ 39.6% |
| Recurring financial charges65 | €153 | €146 | €144 | €135 | €189 | ▲ 39.6% |
| Profit (loss) for the period before taxes9903 | -€4,353 | €1,793 | €3,329 | -€695 | -€1,925 | ▼ 177% |
| Profit (loss) for the period9904 | -€4,353 | €1,793 | €3,329 | -€695 | -€1,925 | ▼ 177% |
| Profit (loss) for the period to be appropriated9905 | -€4,353 | €1,793 | €3,329 | -€695 | -€1,925 | ▼ 177% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9,792 | €14,879 | €17,346 | €16,112 | €13,360 | ▼ 17.1% |
| Current assets29/58 | €9,792 | €14,879 | €17,346 | €16,112 | €13,360 | ▼ 17.1% |
| Amounts receivable within one year40/41 | €2,518 | €2,442 | €6,501 | €8,142 | €2,000 | ▼ 75.4% |
| Trade receivables40 | - | €2,442 | €6,501 | €8,142 | €2,000 | ▼ 75.4% |
| Cash at bank and in hand54/58 | €7,274 | €12,437 | €10,845 | €7,610 | €11,360 | ▲ 49.3% |
| Deferred charges and accrued income490/1 | - | - | - | €360 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9,792 | €14,879 | €17,346 | €16,112 | €13,360 | ▼ 17.1% |
| Equity10/15 | -€167,273 | -€165,481 | -€162,152 | -€162,847 | -€164,772 | ▼ 1.2% |
| Contributions10/11 | - | €165,000 | €165,000 | €165,000 | €165,000 | = |
| Reserves13 | €12,990 | €12,990 | €12,990 | €12,990 | €12,990 | = |
| Distributable reserves133 | - | €12,990 | €12,990 | €12,990 | €12,990 | = |
| Profit (loss) carried forward14 | -€345,263 | -€343,470 | -€340,141 | -€340,836 | -€342,761 | ▼ 0.6% |
| Amounts payable17/49 | €177,065 | €180,359 | €179,498 | €178,958 | €178,131 | ▼ 0.5% |
| Amounts payable within one year42/48 | €176,606 | €179,900 | €179,038 | €178,456 | €177,604 | ▼ 0.5% |
| Trade debts44 | €89 | €129 | €523 | €618 | €49 | ▼ 92.0% |
| Suppliers440/4 | - | €129 | €523 | €618 | €49 | ▼ 92.0% |
| Taxes, remuneration and social security45 | - | €3,529 | €2,273 | €1,596 | €1,312 | ▼ 17.8% |
| Taxes450/3 | - | €1,095 | €1,039 | €1,596 | €1,312 | ▼ 17.8% |
| Remuneration and social security454/9 | - | €2,434 | €1,234 | €0 | - | - |
| Other amounts payable47/48 | - | €176,242 | €176,242 | €176,242 | €176,242 | = |
| Accrued charges and deferred income492/3 | - | €460 | €460 | €502 | €528 | ▲ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,353 | €1,793 | €3,329 | -€695 | -€1,925 | ▼ 177% |
| Operating cash flow (approximation) | -€4,353 | €1,793 | €3,329 | -€695 | -€1,925 | ▼ 177% |
| Change in cash | - | €5,163 | -€1,592 | -€3,235 | €3,749 | ▲ 216% |
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
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €1,793
Net result €1,793 after one loss-making year.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €5,391
Net result €5,391 after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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, De Panne · 1 establishment unit since 1993
Ground area
3,889 m²
Building footprint
702 m²
Volume, LiDAR
6,182 m³
Parcel 38352D0288/00C000, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ARA
since 19932.063.793.873
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38352D0288/00C000 | Flanders | 3,889 m² | 1 · 702 m² | 13.4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector and region
Angeli
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BePart
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded31-08-1993
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450762562
Also
9925:BE0450762562
Registered
14-05-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.