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ARA

Active
Non-profit associationfounded 200620 yrs activeKogelstraat 18, 1000 Brussel, BelgiumKBO/BCE: BE 0880.257.083
Summary

ARA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €25,340 and a net result of €10,071. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 15% of 471 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability49▲+13
Solvency36▲+1
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 12.88 against 9.55 in 2023; short-term debt: 7.8% and cash: 82% of total assets), but 88.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 20 years 0 30 y
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 2024
Solvency, return and age of the figures
Solvency
11.4%
Return on assets
4.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 471 sector peers (2024).
NBB · sector comparison
Position among 471 sector peers
Solvency
better than 15%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-04-2025, 99 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
99 d early
2023
96 d early
2022
60 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 85 days before the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed 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

ARA was incorporated on 27 March 2006.1 Total assets rose from EUR 92,629 in 2022 to EUR 221,634 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€25,340▲ 66.0%
2023 · €15,268
Total assets
€221,634▲ 38.4%
2023 · €160,137
Net result
€10,071
2023 · -€1,130
Working capital
€204,330▲ 42.6%
2023 · €143,286
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€15,834--€970€10,218
Net result€15,679within the sector's middle half--€1,130within the sector's middle half€10,071within the sector's middle half
Equity€16,398below the sector's middle half-€15,268below the sector's middle half▼ 6.9%€25,340below the sector's middle half▲ 66.0%
Total assets€92,629below the sector's middle half-€160,137within the sector's middle half▲ 72.9%€221,634within the sector's middle half▲ 38.4%
Debt€72,663-€141,301▲ 94.5%€192,727▲ 36.4%
Working capital€74,415within the sector's middle half-€143,286within the sector's middle half▲ 92.5%€204,330within the sector's middle half▲ 42.6%
Solvency17.7%below the sector's middle half-9.5%below the sector's middle half▼ 8.2pp11.4%below the sector's middle half▲ 1.9pp
Current ratio5.11within the sector's middle half-9.55above the sector's middle half▲ 4.4512.88above the sector's middle half▲ 3.32
Return on assets (ROA)16.9%above the sector's middle half--0.7%within the sector's middle half▼ 17.6pp4.5%within the sector's middle half▲ 5.2pp
above within below the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000€15,000Operating result 2022: €15,834€15,834Net result 2022: €15,679€15,679Operating result 2023: -€970-€970Net result 2023: -€1,130-€1,130Operating result 2024: €10,218€10,218Net result 2024: €10,071€10,071202220232024-€5,000€0€5,000€10,000€15,000Operating result 2022: €15,834€15,800Net result 2022: €15,679€15,700Operating result 2023: -€970-€970Net result 2023: -€1,130-€1,130Operating result 2024: €10,218€10,200Net result 2024: €10,071€10,100202220232024
The operating result returns to profit in 2024: €10,218 after a loss of €970 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €221,634
Fixed assets €100 =
Current assets €221,534 ▲ 38.4%
Equity and liabilities €221,634
Equity €25,340 ▲ 66.0%
Provisions €3,567 =
Debt €192,727 ▲ 36.4%
Debt's share of the balance-sheet total falls from 88.2% to 87.0%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Debt to equity
7.61▼
2023 · 9.25
ROE
39.7%▲
2023 · -7.4%
Debt ≤ 1 year
€17,204▲
2023 · €16,751
Debt > 1 year
€15,000▲
2023 · €9,550
Staff costs
€125,518▲
2023 · €125,111
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.1% went bankrupt
2.2% 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 lower bankruptcy probability: < 0.1% 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 497,662 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 3,980 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 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€160,137€221,634▲
Fixed assets21/28€100€100=
Financial fixed assets28€100€100=
Current assets29/58€160,037€221,534▲
Amounts receivable within one year40/41€23,053€39,750▲
Trade receivables40€20,683€29,326▲
Other amounts receivable41€2,370€10,424▲
Cash at bank and in hand54/58€136,984€181,785▲
Equity and liabilities
Total equity and liabilities10/49€160,137€221,634▲
Equity10/15€15,268€25,340▲
Profit (loss) carried forward14€15,268€25,340▲
Provisions and deferred taxes16€3,567€3,567=
Provisions for liabilities and charges160/5€3,567€3,567=
Other liabilities and charges164/5€3,567€3,567=
Amounts payable17/49€141,301€192,727▲
Amounts payable after more than one year17€9,550€15,000▲
Other amounts payable178/9€9,550€15,000▲
Amounts payable within one year42/48€16,751€17,204▲
Trade debts44€10,827€11,280▲
Suppliers440/4€10,827€11,280▲
Taxes, remuneration and social security45€5,924€5,924=
Remuneration and social security454/9€5,924€5,924=
Accrued charges and deferred income492/3€115,000€160,523▲
Income statement Code20232024
Goods, raw materials, services and sundry goods60/61€36,627€24,546▼
Remuneration, social security and pensions62€125,111€125,518▲
Gross operating margin9900€124,140€141,186▲
Operating profit (loss)9901-€970€10,218▲
Financial charges65/66B€159€146▼
Recurring financial charges65€159€146▼
Profit (loss) for the period before taxes9903-€1,130€10,071▲
Profit (loss) for the period9904-€1,130€10,071▲
Profit (loss) for the period to be appropriated9905-€1,130€10,071▲
Appropriation of the result
Profit (loss) to be appropriated9906€15,268€25,340▲
Profit (loss) brought forward from the previous period14P€16,398€15,268▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Goods, raw materials, services and sundry goods60/61€14,052€36,627€24,546▼ 33.0%
Remuneration, social security and pensions62€77,262€125,111€125,518▲ 0.3%
Other operating charges640/8€103---
Gross operating margin9900€93,199€124,140€141,186▲ 13.7%
Operating profit (loss)9901€15,834-€970€10,218▲ 1,153%
Financial charges65/66B€155€159€146▼ 8.1%
Recurring financial charges65€155€159€146▼ 8.1%
Profit (loss) for the period before taxes9903€15,679-€1,130€10,071▲ 992%
Profit (loss) for the period9904€15,679-€1,130€10,071▲ 992%
Profit (loss) for the period to be appropriated9905€15,679-€1,130€10,071▲ 992%
Line202220232024Change
Assets
Total assets20/58€92,629€160,137€221,634▲ 38.4%
Fixed assets21/28€100€100€100=
Financial fixed assets28€100€100€100=
Current assets29/58€92,529€160,037€221,534▲ 38.4%
Amounts receivable within one year40/41€2,620€23,053€39,750▲ 72.4%
Trade receivables40€250€20,683€29,326▲ 41.8%
Other amounts receivable41€2,370€2,370€10,424▲ 340%
Cash at bank and in hand54/58€79,909€136,984€181,785▲ 32.7%
Deferred charges and accrued income490/1€10,000---
Equity and liabilities
Total equity and liabilities10/49€92,629€160,137€221,634▲ 38.4%
Equity10/15€16,398€15,268€25,340▲ 66.0%
Profit (loss) carried forward14€16,398€15,268€25,340▲ 66.0%
Provisions and deferred taxes16€3,567€3,567€3,567=
Provisions for liabilities and charges160/5€3,567€3,567€3,567=
Other liabilities and charges164/5€3,567€3,567€3,567=
Amounts payable17/49€72,663€141,301€192,727▲ 36.4%
Amounts payable after more than one year17€9,550€9,550€15,000▲ 57.1%
Other amounts payable178/9€9,550€9,550€15,000▲ 57.1%
Amounts payable within one year42/48€18,113€16,751€17,204▲ 2.7%
Trade debts44€12,190€10,827€11,280▲ 4.2%
Suppliers440/4€12,190€10,827€11,280▲ 4.2%
Taxes, remuneration and social security45€5,924€5,924€5,924=
Remuneration and social security454/9€5,924€5,924€5,924=
Accrued charges and deferred income492/3€45,000€115,000€160,523▲ 39.6%
Line202220232024Change
Profit (loss) for the period9904€15,679-€1,130€10,071▲ 992%
Operating cash flow (approximation)€15,679-€1,130€10,071▲ 992%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€57,075€44,801▼ 21.5%

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
23-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €10,071
Net result €10,071 after one loss-making year.
26-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€1,130
Net result drops to -€1,130, the lowest in the series; recovery starts the following year.
01-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

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.

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Directors · office · real estate

Directors
3 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, Brussel · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
655 m²
Building footprint
255 m²
Volume, LiDAR
3,044 m³
Parcel 21811M1360/00M000, Brussels · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
Vereniging Waar Armen het Woord Voeren De Schutting - Albatros
Kogelstraat 18, 1000 BrusselActivities of membership organisations
since 20082.168.923.463
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21811M1360/00M000 Brussels 655 m² 1 · 255 m² 18.1 m · 5 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.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 5 entries · 284,529 EUR awarded · 284,529 EUR paid
Year Entries awardedpaid
2025 1 75,018 EUR75,018 EUR
2024 1 73,304 EUR73,304 EUR
2023 1 71,367 EUR71,367 EUR
2022 2 64,840 EUR64,840 EUR
Schemes
4 entries · 232,176 EUR · 232,176 EUR paid · Departement Zorg
1 entry · 52,353 EUR · 52,353 EUR paid · Departement Zorg

Recognitions · licences · registrations

Care and welfare

1 service
ARA
Care and Health agency · live
Vereniging waar armen het woord nemen

Similar companies · same sector, comparable size

Of 443 companies in sector 94992 we hold annual accounts for 139. 55 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formNon-profit association
Founded27-03-2006
Fiscal year end31-12
Activities, NACEBEL 2025
94992Activities of membership organisations
E-invoicing
Reachable via Peppol
Peppol ID 0208:0880257083
Also 9925:BE0880257083
Registered 22-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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