ARA
ActiveSummary
ARA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €382,545 and a net result of €28,377. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 11425 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-8
Solvency95▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.27 against 16.36 in 2024; short-term debt: 29.9% and cash: 93% of total assets), and 29.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.1%
Return on assets
5.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
37 d early
2023
33 d early
2022
31 d early
2021
9 d early
2020
61 d early
2019
15 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 30 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€382,545▼ 22.6%
2024 · €494,168
Total assets
€545,896▲ 3.6%
2024 · €526,731
Net result
€28,377▼ 53.9%
2024 · €61,535
Working capital
€369,602▼ 22.1%
2024 · €474,433
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€24,372▼ 48.6%€54,245▲ 123%€125,519▲ 131%€83,394▼ 33.6%€39,453▼ 52.7%
Net result€4,011▼ 82.7%€28,588▲ 613%€75,663▲ 165%€61,535▼ 18.7%€28,377▼ 53.9%
Equity€328,383▲ 1.2%€356,970▲ 8.7%€432,633▲ 21.2%€494,168▲ 14.2%€382,545▼ 22.6%
Total assets€611,889▲ 0.7%€644,361▲ 5.3%€487,226▼ 24.4%€526,731▲ 8.1%€545,896▲ 3.6%
Debt€283,506▲ 0.1%€287,390▲ 1.4%€54,593▼ 81.0%€32,563▼ 40.4%€163,351▲ 402%
Working capital-€161,660▲ 10.1%-€155,169▲ 4.0%€403,471€474,433▲ 17.6%€369,602▼ 22.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €545,896
Fixed assets
€13,224 ▼ 38.2%
Current assets
€532,672 ▲ 5.4%
Equity and liabilities €545,896
Equity
€382,545 ▼ 22.6%
Debt
€163,351 ▲ 402%
Debt's share of the balance-sheet total rises from 6.2% to 29.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47,638▼
2024 · €91,579
Cash flow
€36,562▼
2024 · €69,720
Current ratio
3.27▼
2024 · 16.36
Quick ratio
3.26▼
2024 · 16.33
Debt to equity
0.43▲
2024 · 0.07
ROE
7.4%▼
2024 · 12.5%
ROA
5.2%▼
2024 · 11.7%
Interest coverage
20.19▼
2024 · 38.83
Debt ≤ 1 year
€163,070▲
2024 · €30,888
Income taxes
€14,157▼
2024 · €29,901
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €94,890 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,120 | €16,874 | €8,185 | €8,185 | €8,185 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€4,145 | €0 | - | - | €2,007 | - |
| Other operating charges640/8 | €3,222 | €3,035 | €7,839 | €1,219 | €954 | ▼ 21.7% |
| Gross operating margin9900 | €37,569 | €74,153 | €141,543 | €92,797 | €50,598 | ▼ 45.5% |
| Operating profit (loss)9901 | €24,372 | €54,245 | €125,519 | €83,394 | €39,453 | ▼ 52.7% |
| Financial income75/76B | €5,985 | €0 | €1,440 | €10,400 | €5,441 | ▼ 47.7% |
| Recurring financial income75 | €5,985 | €0 | €1,440 | €10,400 | €5,441 | ▼ 47.7% |
| Financial charges65/66B | €11,424 | €11,716 | €13,130 | €2,358 | €2,359 | = |
| Recurring financial charges65 | €11,424 | €11,716 | €13,130 | €2,358 | €2,359 | = |
| Profit (loss) for the period before taxes9903 | €18,934 | €42,529 | €113,829 | €91,436 | €42,535 | ▼ 53.5% |
| Income taxes67/77 | €14,923 | €13,941 | €38,167 | €29,901 | €14,157 | ▼ 52.7% |
| Profit (loss) for the period9904 | €4,011 | €28,588 | €75,663 | €61,535 | €28,377 | ▼ 53.9% |
| Transfer from tax-exempt reserves789 | €37,500 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €41,511 | €28,588 | €75,663 | €61,535 | €28,377 | ▼ 53.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €611,889 | €644,361 | €487,226 | €526,731 | €545,896 | ▲ 3.6% |
| Fixed assets21/28 | €490,043 | €512,139 | €29,594 | €21,409 | €13,224 | ▼ 38.2% |
| Tangible fixed assets22/27 | €490,043 | €512,139 | €29,594 | €21,409 | €13,224 | ▼ 38.2% |
| Land and buildings22 | €488,088 | €474,360 | €0 | - | - | - |
| Plant, machinery and equipment23 | €1,955 | €1,564 | €1,173 | €782 | €391 | ▼ 50.0% |
| Furniture and vehicles24 | - | €36,216 | €28,421 | €20,627 | €12,833 | ▼ 37.8% |
| Current assets29/58 | €121,846 | €132,222 | €457,632 | €505,321 | €532,672 | ▲ 5.4% |
| Stocks and contracts in progress3 | €1,448 | €1,514 | €1,606 | €993 | €1,655 | ▲ 66.7% |
| Stocks30/36 | €1,448 | €1,514 | €1,606 | €993 | €1,655 | ▲ 66.7% |
| Amounts receivable within one year40/41 | €16,512 | €25,307 | €12,461 | €29,481 | €19,345 | ▼ 34.4% |
| Trade receivables40 | €15,005 | €22,354 | €9,541 | €28,330 | €15,550 | ▼ 45.1% |
| Other amounts receivable41 | €1,507 | €2,953 | €2,920 | €1,151 | €3,794 | ▲ 230% |
| Current investments50/53 | - | - | €200,000 | €400,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €103,004 | €103,590 | €239,111 | €68,819 | €507,496 | ▲ 637% |
| Deferred charges and accrued income490/1 | €881 | €1,810 | €4,455 | €6,029 | €4,175 | ▼ 30.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €611,889 | €644,361 | €487,226 | €526,731 | €545,896 | ▲ 3.6% |
| Equity10/15 | €328,383 | €356,970 | €432,633 | €494,168 | €382,545 | ▼ 22.6% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €298,383 | €326,970 | €402,633 | €464,168 | €352,545 | ▼ 24.0% |
| Non-distributable reserves130/1 | €3,000 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €3,000 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €295,383 | €326,970 | €402,633 | €464,168 | €352,545 | ▼ 24.0% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €283,506 | €287,390 | €54,593 | €32,563 | €163,351 | ▲ 402% |
| Amounts payable within one year42/48 | €283,506 | €287,390 | €54,161 | €30,888 | €163,070 | ▲ 428% |
| Trade debts44 | €1,523 | €2,549 | €1,992 | €2,737 | €823 | ▼ 69.9% |
| Suppliers440/4 | €1,523 | €2,549 | €1,992 | €2,737 | €823 | ▼ 69.9% |
| Taxes, remuneration and social security45 | €8,221 | €12,223 | €31,549 | €7,325 | €483 | ▼ 93.4% |
| Taxes450/3 | €8,221 | €12,223 | €31,549 | €7,325 | €483 | ▼ 93.4% |
| Other amounts payable47/48 | €273,762 | €272,618 | €20,620 | €20,827 | €161,763 | ▲ 677% |
| Accrued charges and deferred income492/3 | - | - | €432 | €1,674 | €281 | ▼ 83.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,011 | €28,588 | €75,663 | €61,535 | €28,377 | ▼ 53.9% |
| + Depreciation and write-downs630 | €14,120 | €16,874 | €8,185 | €8,185 | €8,185 | = |
| Operating cash flow (approximation) | €18,130 | €45,462 | €83,848 | €69,720 | €36,562 | ▼ 47.6% |
| Investment in fixed assets (approximation) | - | -€38,970 | €474,360 | €0 | €0 | - |
| Change in cash | - | €586 | €135,520 | -€170,292 | €438,677 | ▲ 358% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €75,663 ▲165%
Operating result €125,519, net result €75,663, both a record.
31-12
Financial
Liquidity times 18current ratio 8.45
Current ratio from 0.46 to 8.45; short-term debt falls from €287,390 to €54,161.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €4,011 ▼82.7%
Net result drops to €4,011, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 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, Kortrijk · 1 establishment unit since 2010
Ground area
1,206 m²
Building footprint
286 m²
Volume, LiDAR
1,208 m³
Parcel 34026A0515/00C000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rodenburgstraat(Mar) 17, 8510 Kortrijk
since 20102.186.912.807
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0515/00C000 | Flanders | 1,206 m² | 1 · 286 m² | 7.0 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 1,277 companies in sector 46160 we hold annual accounts for 687. 432 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
47519Retail trade
47715Retail trade
47721Retail sale of footwear
47770Retail sale of watches and jewellery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0824449619
Also
9925:BE0824449619
Registered
01-09-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.