ARARAT
InactiveInactive; last annual accounts for fiscal year 2025. Dissolved without liquidation on 18-02-2026.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 filingsDeviation from the deadline
2025
19 d late
2024
26 d late
2023
22 d early
2022
4 d late
2021
10 d early
2020
154 d early
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 6 days before 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)
History
Financials · fiscal year 2025, abbreviated schema
Equity
€69,463▲ 34.9%
2024 · €51,475
Total assets
€82,097▲ 37.3%
2024 · €59,811
Net result
€17,988
2024 · -€8,661
Working capital
€42,738▲ 88.4%
2024 · €22,682
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-€13,851▼ 1,500%-€7,838▲ 43.4%-€9,331▼ 19.0%-€8,451▲ 9.4%€20,608
Net result-€13,597▼ 302%-€8,000▲ 41.2%-€9,571▼ 19.6%-€8,661▲ 9.5%€17,988
Equity€77,707▼ 14.9%€69,707▼ 10.3%€60,136▼ 13.7%€51,475▼ 14.4%€69,463▲ 34.9%
Total assets€81,378▼ 18.2%€72,840▼ 10.5%€61,784▼ 15.2%€59,811▼ 3.2%€82,097▲ 37.3%
Debt€3,671▼ 55.2%€3,133▼ 14.7%€1,649▼ 47.4%€8,336▲ 406%€12,634▲ 51.6%
Working capital€14,850▼ 44.2%€18,456▲ 24.3%€20,968▲ 13.6%€22,682▲ 8.2%€42,738▲ 88.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20,608 after a loss of €8,451 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82,097
Fixed assets
€26,725 ▼ 7.2%
Current assets
€55,372 ▲ 78.5%
Equity and liabilities €82,097
Equity
€69,463 ▲ 34.9%
Debt
€12,634 ▲ 51.6%
Debt's share of the balance-sheet total rises from 13.9% to 15.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,676▲
2024 · €3,533
Cash flow
€20,057▲
2024 · €3,323
Current ratio
4.38▲
2024 · 3.72
Debt to equity
0.18▲
2024 · 0.16
ROE
25.9%▲
2024 · -16.8%
ROA
21.9%▲
2024 · -14.5%
Interest coverage
138.09▲
2024 · 16.83
Debt ≤ 1 year
€12,634▲
2024 · €8,336
Income taxes
€2,455
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,177 | €11,984 | €11,984 | €11,984 | €2,068 | ▼ 82.7% |
| Other operating charges640/8 | €3,426 | €3,500 | €3,837 | €3,984 | €4,389 | ▲ 10.2% |
| Gross operating margin9900 | -€248 | €7,646 | €6,490 | €7,517 | €27,065 | ▲ 260% |
| Operating profit (loss)9901 | -€13,851 | -€7,838 | -€9,331 | -€8,451 | €20,608 | ▲ 344% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | €68 | €162 | €241 | €210 | €164 | ▼ 21.8% |
| Recurring financial charges65 | €68 | €162 | €241 | €210 | €164 | ▼ 21.8% |
| Profit (loss) for the period before taxes9903 | -€13,919 | -€8,000 | -€9,571 | -€8,661 | €20,444 | ▲ 336% |
| Income taxes67/77 | -€322 | - | - | - | €2,455 | - |
| Profit (loss) for the period9904 | -€13,597 | -€8,000 | -€9,571 | -€8,661 | €17,988 | ▲ 308% |
| Transfer from tax-exempt reserves789 | €7,451 | €7,451 | €7,451 | €7,450 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€6,147 | -€549 | -€2,121 | -€1,210 | €17,988 | ▲ 1,586% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,378 | €72,840 | €61,784 | €59,811 | €82,097 | ▲ 37.3% |
| Fixed assets21/28 | €64,746 | €52,762 | €40,778 | €28,793 | €26,725 | ▼ 7.2% |
| Tangible fixed assets22/27 | €64,498 | €52,514 | €40,530 | €28,546 | €26,477 | ▼ 7.2% |
| Land and buildings22 | €64,498 | €52,514 | €40,530 | €28,546 | €26,477 | ▼ 7.2% |
| Plant, machinery and equipment23 | - | - | - | - | €0 | - |
| Furniture and vehicles24 | - | - | - | - | €0 | - |
| Financial fixed assets28 | €248 | €248 | €248 | €248 | €248 | = |
| Current assets29/58 | €16,632 | €20,079 | €21,007 | €31,018 | €55,372 | ▲ 78.5% |
| Amounts receivable within one year40/41 | €2,000 | €2,000 | - | €10,000 | €45,000 | ▲ 350% |
| Other amounts receivable41 | €2,000 | €2,000 | - | €10,000 | €45,000 | ▲ 350% |
| Cash at bank and in hand54/58 | €14,632 | €18,079 | €21,007 | €21,018 | €10,372 | ▼ 50.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,378 | €72,840 | €61,784 | €59,811 | €82,097 | ▲ 37.3% |
| Equity10/15 | €77,707 | €69,707 | €60,136 | €51,475 | €69,463 | ▲ 34.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €35,767 | €28,316 | €20,866 | €13,415 | €13,415 | = |
| Non-distributable reserves130/1 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Legal reserve130 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Tax-exempt reserves132 | €22,351 | €14,901 | €7,450 | - | - | - |
| Distributable reserves133 | €10,316 | €10,316 | €10,316 | €10,316 | €10,316 | = |
| Profit (loss) carried forward14 | -€20,059 | -€20,609 | -€22,730 | -€23,940 | -€5,952 | ▲ 75.1% |
| Amounts payable17/49 | €3,671 | €3,133 | €1,649 | €8,336 | €12,634 | ▲ 51.6% |
| Amounts payable within one year42/48 | €1,782 | €1,623 | €39 | €8,336 | €12,634 | ▲ 51.6% |
| Trade debts44 | €1,770 | €1,585 | - | €2,594 | - | - |
| Suppliers440/4 | €1,770 | €1,585 | - | €2,594 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €2,455 | - |
| Taxes450/3 | - | - | - | - | €2,455 | - |
| Other amounts payable47/48 | €13 | €39 | €39 | €5,743 | €10,179 | ▲ 77.3% |
| Accrued charges and deferred income492/3 | €1,889 | €1,510 | €1,610 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,597 | -€8,000 | -€9,571 | -€8,661 | €17,988 | ▲ 308% |
| + Depreciation and write-downs630 | €10,177 | €11,984 | €11,984 | €11,984 | €2,068 | ▼ 82.7% |
| Operating cash flow (approximation) | -€3,421 | €3,984 | €2,413 | €3,323 | €20,057 | ▲ 504% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0 | €0 | ▲ 100% |
| Change in cash | - | €3,446 | €2,928 | €11 | -€10,646 | ▼ 94,729% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
09-03
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Approval5 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Approval5 facts ▸
- General meeting, 18-02-2026
- Merger, absorption, approved
- Dissolution, 18-02-2026
- Approval, comptes annuels, 2025-12-31 to 2026-01-01
- Power of attorney, RAEDEMAECKER Jérémie
2025
31-12
Financial
Back to profitnet €17,988
Net result €17,988 after 6 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 44current ratio 545.49
Current ratio from 12.37 to 545.49; short-term debt falls from €1,623 to €39.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€13,597
Net result drops to -€13,597, the lowest in the series.
27-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 5.22
Current ratio from 2.09 to 5.22; short-term debt falls from €19,841 to €6,308.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
Show earlier events
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:REMIGMA