ARARAT GROUP
The computed 12-month bankruptcy probability of ARARAT GROUP is 7.9% (elevated). The 2024 annual accounts show negative equity (€-80k) and a net result of €-73k. Equity is shrinking by ~636.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 5650 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-80k |
| Net result | €-73k |
| Staff (FTE) | 5 |
| Better than sector | 12% |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -68.0% | 19.3% | |
| Net result | €-73k | €4k | |
| Equity | €-80k | €14k | |
| Gross operating margin | €-4k | €52k | |
| Staff costs | €48k | €49k |
Show 11 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-55k |
| Net profit | €-73k |
| Cash flow | €-56k |
| Staff costs | €48k |
| Income taxes | €98 |
| Dividends | - |
| Total assets | €117k |
| Equity | €-80k |
| Debt | €197k |
| of which ≤ 1y | €17k |
| of which > 1y | €180k |
| Working capital | €-3k |
| Employees (FTE) | 5.0 |
| 2024 | |
|---|---|
| Current ratio | 0.81 |
| Quick ratio | 0.81 |
| Working capital ratio | -2.7% |
| Solvency | -68.0% |
| Debt / equity | -2.47 |
| Long-term debt ratio | -2.26 |
| Interest coverage | -81.88 |
| Gross margin | - |
| Net margin | - |
| ROA | -62.6% |
| ROE | 92.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (22 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €117k |
| Fixed assets | 21/28 | €104k |
| Tangible fixed assets | 22/27 | €104k |
| Current assets | 29/58 | €13k |
| Amounts receivable within one year | 40/41 | €11k |
| Cash & bank | 54/58 | €276 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €117k |
| Equity | 10/15 | €-80k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €-82k |
| Amounts payable | 17/49 | €197k |
| Amounts payable after one year | 17 | €180k |
| Amounts payable within one year | 42/48 | €17k |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Gross operating margin | 9900 | €-4k |
| Operating result | 9901 | €-72k |
| Financial income | 75 | €15 |
| Financial charges | 65 | €675 |
| Result before taxes | 9903 | €-73k |
| Income taxes | 67/77 | €98 |
| Net result for the period | 9904 | €-73k |
| Result to be appropriated | 9905 | €-73k |
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Current01-01-2026 → present
-
Current01-01-2026 → present
Former directors (1)
-
Former- → 31-12-2025
| NACE primary | Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden(56112) |
| Legal form | Private limited company(610) |
| Incorporation | 05-05-2022 |
| Status | Active |
| Postal code | 2550 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11048A0109/00E002 | Flanders | 726 m² | 1 · 138 m² | 11.0 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
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.
23-02-2026 2 directors appointed, 1 resigning
- Harutyunyan Artur, Bestuurder
- Harutyunyan Ashot, Bestuurder
- Harutyunyan Nvard, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Harutyunyan Artur",
"address": null,
"birth_date": null
},
"effective_date": "2026-01-01",
"evidence_quote": "De algemene vergadering stelt aan tot niet-statutaire bestuurder voor onbepaalde duur: Meneer Harutyunyan Artur, verklaart dit mandaat te aanvaarden op 01 januari 2026."
},
{
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},
"effective_date": "2026-01-01",
"evidence_quote": "De algemene vergadering stelt aan tot niet-statutaire bestuurder voor onbepaalde duur: Meneer Harutyunyan Ashot, verklaart dit mandaat te aanvaarden op 01 januari 2026."
},
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Harutyunyan Nvard",
"address": null,
"birth_date": null
},
"effective_date": "2025-12-31",
"evidence_quote": "Mevrouw Harutyunyan Nvard be\u00EBindiging van de functie van bestuurder op 31 december 2025 en op het verlenen van kwijting aan hem.",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0785.743.055",
"name_full": "ARARAT GROUP",
"legal_form": "BV"
}
}03-07-2024 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"amount": 100,
"currency": "BEF",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"amount_type": "onbekend",
"effective_date": "2024-04-25",
"evidence_quote": "Meneer Harutyunyan Artur verwerft 100 aandelen aan Mevrouw Harutyunyan Nvard.",
"contribution_type": null
}
],
"schema": "v3.2",
"act_meta": {
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"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0785.743.055",
"name_full": "ARARAT GROUP",
"legal_form": "BV"
}
}22-09-2023 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
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"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": true,
"seat_change": false,
"object_change": false,
"effective_date": "2023-09-19",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0785.743.055",
"name_full": "PIZZA ARARAT",
"legal_form": "BV"
},
"signature_regime": null,
"special_mandates": [
{
"quote": "De algemene vergadering besluit de opdracht te geven aan de ondergetekende notaris om de co\u00F6rdinatie van de statuten op te maken en te ondertekenen, in overeenstemming met het vorige besluit, en de neerlegging daarvan in het vennootschapsdossier te verzorgen.",
"holder_kbo": null,
"holder_name": "Pamela Carrette",
"scope_categories": [
"co\u00F6rdinatie van de statuten",
"neerlegging"
],
"with_substitution": false
}
],
"governance_change": {
"admin_delegated_added": []
}
}09-05-2022 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "2550 Waarloos, Grote Steenweg 90",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
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},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1983-07-22",
"name": "HARUTYUNYAN Artur Ashot",
"niss": null,
"address": "2550 Kontich, Mechelse steenweg 172"
},
"share_class": "Aandelen",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2000,
"holder_person_name": "HARUTYUNYAN Artur Ashot",
"is_subscriber_only": true,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 2000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 2000,
"subject_company": {
"kbo": "0785.743.055",
"name_full": "PIZZA ARARAT",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2022-05-04",
"post_incorporation_mandates": []
}| Legal nameNL | ARARAT GROUP |