Active BE 0808.607.440Private limited company (pre-2019)Open bankruptcy

ARAS

Bergense Steenweg 814A ·1070 Anderlecht, Belgium· 17 yrs active

Sector: Cleaning & landscape services (81220)

Conclusion Checked

A bankruptcy procedure is open for ARAS according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €738k and a net result of €-145k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€738k
Net result	€-145k
Staff (FTE)	12
Better than sector	53%

Snowflake analysis 5 axes · computed by Checked

23 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 0

Solvency 63

Growth 52

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2021 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 29-10-2022 with the NBB · fiscal year 2021 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 81, Cleaning & landscape services · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	37.2%	33.9%	better than 53% of 77 sector peers
Net result	€-145k	€36k	better than 5% of 77 sector peers
Equity	€738k	€157k	better than 78% of 77 sector peers
Gross operating margin	€404k	€271k	better than 61% of 77 sector peers
Staff costs	€449k	€205k	higher than 75% of 54 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-72k

- far below sector median

Net profit

€-145k

- far below sector median

Cash flow

€-68k

- far below sector median

Total assets

€1.98M

-19.9% far above sector median

Equity

€738k

-16.4% far above sector median

Working capital

€128k

-54.7% +207% vs sector

Employees (FTE)

12

0.0% far above sector median

Staff costs

€449k

- far above sector median

Income taxes

€2k

-98.6% -60% vs sector

Dividends

€52k

+160.0% 18-21

Debt

€1.25M

-21.8% far above sector median

Debt ≤ 1y

€594k

-31.0% far above sector median

Debt > 1y

€652k

-9.3% 18-21

Current ratio

1.22

-8.5% -56% vs sector

Quick ratio

1.22

-8.5% -56% vs sector

Solvency

37.2%

+4.3% -41% vs sector

Debt / equity

1.69

+107.1% +219% vs sector

ROE

-19.6%

- far below sector median

ROA

-7.3%

- far below sector median

Interest coverage

-2.01

- far below sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Revenue	-
EBITDA	€-72k
Net profit	€-145k
Cash flow	€-68k
Staff costs	€449k
Income taxes	€2k
Dividends	-
Total assets	€1.98M
Equity	€738k
Debt	€1.25M
of which ≤ 1y	€594k
of which > 1y	€652k
Working capital	€128k
Employees (FTE)	12.0

Ratios (computed)

	2021
Current ratio	1.22
Quick ratio	1.22
Working capital ratio	6.4%
Solvency	37.2%
Debt / equity	1.69
Long-term debt ratio	0.88
Interest coverage	-2.01
Gross margin	-
Net margin	-
ROA	-7.3%
ROE	-19.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €1.26M · 63.7% Current assets €721k · 36.4%

Equity & liabilities

Equity €738k · 37.2% Debt €1.25M · 62.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.98M
Fixed assets	21/28	€1.26M
Tangible fixed assets	22/27	€1.23M
Financial fixed assets	28	€32k
Current assets	29/58	€721k
Amounts receivable within one year	40/41	€418k
Cash & bank	54/58	€283k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.98M
Equity	10/15	€738k
Contributions / capital	10/11	€19k
Reserves	13	€862k
Accumulated profits (losses)	14	€-142k
Amounts payable	17/49	€1.25M
Amounts payable after one year	17	€652k
Amounts payable within one year	42/48	€594k
Trade debts payable within one year	44	€163k
Income statement
Gross operating margin	9900	€404k
Operating result	9901	€-148k
Financial income	75	€9k
Financial charges	65	€36k
Result before taxes	9903	€-143k
Income taxes	67/77	€2k
Net result for the period	9904	€-145k
Result to be appropriated	9905	€-145k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	WIM HEETHEM WATERLOOSESTEENWEG 412/F, 1050 BRUSSEL 5	28-02-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Cleaning & landscape services(81220)
Legal form	Private limited company (pre-2019)(015)
Incorporation	22-12-2008
Status	Active
Postal code	1070
First BS signal	07-03-2023
Latest BS signal	07-03-2023

Company structure, linked entities1 linked entities

Mandates

Establishment units 2 locations

Bergense Steenweg 814A, 1070 Anderlecht

Overige reiniging van gebouwen; industriële reiniging

since 20082.175.456.117

Aras Company

Laagstraat 36, 9140 TemseVervaardiging van metalen constructiewerken of gebinten voor de bouw

since 20162.276.866.548

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46025B0192/00A000	Flanders	4,699 m²	1 · 1,498 m²	8.1 m · 2 fl.
21306C0130/00E000	Brussels	2,640 m²	1 · 1,480 m²	47.3 m · 14 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

07-03-2023

Bankruptcy Opening

Ondernemingsrechtbank Brussel · ARAS BV BERGENSE STEENWEG 814A/4A, 1070 ANDERLECHT · event 28-02-2023

2022

29-10-2022